New Delhi, Dec 7 (PTI) The government has taken various measures to protect bona fide commercial decisions of banks to alleviate the fear of any unwarranted hardships to officials or senior executives taking key decisions, Finance Minister Nirmala Sitharaman said on Tuesday in the Rajya Sabha. These include amendments to Prevention of Corruption Act (PC [...]

Mumbai, Dec 7 (PTI) After the setbacks during the second wave of the pandemic, the microfinance industry showed an improvement in disbursements, asset quality and new loan inquiries in the September quarter, a report said on Tuesday. The portfolio outstanding for the industry, which typically provides small ticket loans to micro entrepreneurs and women borrowers, [...]

New Delhi, Dec 7 (PTI) Automaker Citroen India on Tuesday said it will increase price of its premium SUV C5 Aircross by up to 3 per cent from January next year to offset the impact of rising input costs. The effective price increase will be up to 3 per cent on the existing ex-showroom prices [...]

New Delhi, Dec 7 (PTI) Agriculture Minister Narendra Singh Tomar on Tuesday said the country's premier agri-research body ICAR has developed a technology to increase the production of fox nut, also called makhana, amid the rise in demand for this food item.Tomar, in a written reply to the Lok Sabha, said: “The use of fox [...]

New Delhi, Dec 7 (PTI) Agritech startup AgroStar has raised USD 70 million (around Rs 527 crore) from Evolvence, Schroders Capital, Hero Enterprise and UK’s development finance institution CDC to expand its business across India and future growth, its founder and CEO Shardul Sheth said on Tuesday. The round also saw participation from existing investors [...]

Jammu, Dec 7 (PTI) Jammu and Kashmir administration has announced detailed austerity measures to promote fiscal discipline and ensure a balanced pace of expenditure without restricting operational efficiency.Financial Commissioner (additional chief secretary) in the Finance Department Atal Dulloo issued the guidelines in a three-page order addressed to government departments and autonomous bodies funded by the [...]

MUMBAI, India, Dec. 7, 2021 /PRNewswire/ -- Bank of Baroda announced the launch of 'Green Ride - Ek Pehal Swachh Hawa ki Aur' initiative with super-model and fitness enthusiast, Milind Soman. Under this initiative, Milind Soman embarked on a 10-day long journey from Mumbai by riding a bicycle and driving an eco-friendly electric vehicle. For [...]

BENGALURU, India, Dec. 7, 2021 /PRNewswire/ -- ZestMoney, India's largest and fastest growing Buy Now, Pay Later platform in India, announced that it is Great Place to Work-Certified™ for the second consecutive year. This Great Place to Work® certification recognises the Company's people practises and its commitment to creating a great workplace culture. The Great [...]

Bengaluru, Karnataka, India – Business Wire India Robert Bosch Engineering and Business Solutions (RBEI) announced today that it has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS Partners who provide software solutions that run on or integrate with AWS. With it, RBEI will drive new business, [...]

KOLHAPUR, India, Dec. 7, 2021 /PRNewswire/ -- Aditya Rasal of the Sanjay Ghodawat IIT & Medical Academy (SGIMA), Atigre bagged the AIR 48 at NEET 2021 by scoring 707/720 marks. This result was historic as the SGIMA at NEET for the first time reached the under 50 AIR rank. There were other successful students who [...]

Additionally, Raises Venture Debt of INR 2.5 Crores From Alteria Capital Gurugram, Haryana, India – Business Wire India Solethreads, the digital-first, innovation-led, comfort footwear specialist, has launched India’s first-ever and one of its kind product recycling and reuse initiative, ‘The Solester REUSE Programme’ - that aims at sourcing sustainable materials and encouraging the upcycling process. [...]

AHMEDABAD, India, Dec. 7, 2021 /PRNewswire/ -- Book marketing and selling is a very complex process and more than 100 factors affect the entire process. Online portals selling books made it even more difficult for the bookstores and offline book sellers. And Covid made the entire process of offline selling almost obsolete. The entire community [...]

SINGAPORE, Dec. 6, 2021 /PRNewswire/ -- After six months of active development, the team behind WIN NFT HORSE, one of the hottest GameFi projects in the market, has announced that they will officially launch the open beta test on December 6, 2021, on the TRON network. WIN NFT HORSE is a "GameFi NFT Metaverse" multi-chain [...]

Jamshedpur, Dec 6 (PTI) Tata Steel on Monday said it has deployed a ship powered by biofuel for transportation of its imported raw material. The initiative is in line with its sustainability objectives and efforts to reduce "scope 3" greenhouse gas emission in ocean trade, the steelmaker said. "Scope 3" emissions, refer to value chain [...]

New Delhi, Dec 6 (PTI) India and Russia can collaborate in the fields of civilian shipbuilding and inland waterways, Union minister Sarbananda Sonowal said on Monday. Russian Minister of Industry and Trade Oleg Ryazantsev called on Sonowal on Monday, the Ministry of Ports, Shipping, Waterways said in release. Sonowal said that both the countries are [...]

New Delhi, Dec 6 (PTI) IT services company HCL Technologies on Monday outlined plans to create 12,000 new jobs in the United States, in the next five years.The company said it expects to recruit over 2,000 graduates over the next 36 months as part of its US early career and training programme, Rise at HCL."HCL [...]

New Delhi, Dec 6 (PTI) Ujjivan Small Finance Bank (SFB) on Monday said it has appointed Ittira Davis as its managing director and chief executive officer for three years. The bank's day-to-day operations are currently being looked after by Martin P S as an officer on special duty (OSD). Before Martin, Carol Furtado was the OSD. [...]

Paradip, Dec 6 (PTI) Residents of a village in Odisha’s Jagatsinghpur district have erected bamboo barricades to stop the entry of police, spearheading the opposition to a proposed Jindal Steel Works project like they did during the Posco movement. Tensions flared after the arrest of Jindal Pratirodha Sangram Samiti leader Debendra Swain, with villagers alleging [...]

Mumbai, Dec 6 (PTI) The looming threat of Omicron variant can "severely affect '' loan securitisation volumes in the country as concerns over retail asset quality reemerge, a domsetic credit rating agency said on Monday. The new variant of the novel coronoavirus, which has already been reported from a few Indian states, can lead to [...]

New York, Dec 6 (PTI) An Indian-origin CEO of a US-based homeownership company has abruptly fired more than 900 employees, about 9 per cent of its workforce, on a Zoom webinar, citing market efficiency, performance and productivity as the reasons behind the move. On a Zoom webinar last Wednesday, Better.com CEO Vishal Garg abruptly announced [...]

Mumbai, Dec 6 (PTI) Muthoot Microfin on Monday said it has secured USD 50 million (about Rs 375 crore) funding from Greater Pacific Capital to fuel the microlender's growth.The company, a part of the Kerala-based Muthoot Pappachan Group, is the fifth largest microlender in the country and claimed that this is the largest funding for [...]

New Delhi, Dec 6 (PTI) IL&FS Transportation Networks Ltd on Monday said it has entered into share purchase agreement with Axis Trustee Services for sale of equity shares held in Moradabad Bareilly Expressway Ltd for the initial consideration of Rs 373.58 crore. "The company has today entered into a share purchase agreement (SPA) with Axis [...]

Hyderabad, Dec 6 (PTI): Telangana government and Germany-based Liteauto GmbH on Monday entered into an MoU (memorandum of understanding) under which the latter would invest Rs 1,500 crore in the State to establish an advanced design and manufacturing facility. According to Telangana IT and Industries Minister K T Rama Rao's official Facebook post, the facility [...]

New Delhi, Dec 6 (PTI) The food processing ministry on Monday said it has approved 60 applications of investment proposals by packaged food companies, including Amul, ITC, HUL, Britannia Industries, Parle Agro, Tata Consumer Products and Nestle India seeking benefits under the production-linked incentive (PLI) scheme. In March this year, the Union Cabinet approved a [...]

Ranchi, Dec 6 (PTI) Efforts are on to revive the pandemic-hit economy of the state and create jobs by bringing investments here, Jharkhand Chief Minister Hemant Soren said on Monday while inaugurating four textile units. He also distributed appointment letters to some 2,000 persons who got employment in the industrial units related to textile. "For [...]

Gandhinagar, Dec 6 (PTI) In the run up to the Vibrant Gujarat Summit, the state government on Monday signed 12 pacts for proposed investments worth Rs 14,165 crore with various industrial groups. The proposals included a Rs 1,500 crore investment by Matter, an electric vehicle manufacturing company. "The investment proposals signed between various industry representatives [...]

New Delhi, Nov 6 (PTI) Delhi Metro Rail Corporation (DMRC) Monday told the Delhi High Court that it would deposit within 48 hours Rs 1,000 crore in an escrow account towards an arbitral award of over Rs 4,600 crore in favour of Delhi Airport Metro Express Private Limited (DAMEPL).       DMRC also suggested taking over the [...]

New Delhi, Dec 6 (PTI) Dairy firm Parag Milk Foods Ltd on Monday said its application under the Product Linked Incentive (PLI) Scheme for mozzarella cheese segment has been approved. In March this year, the Union Cabinet approved a PLI scheme for the food processing sector, entailing an outlay of Rs 10,900 crore. The scheme [...]

New Delhi, Dec 6 (PTI) Uber on Monday announced the five winners of the Green Mobility Innovation Challenge in support of ideas to help drive the adoption of electric vehicles across the country. The winning start-ups are: Bodycast Innovators Pvt Ltd, Virya Batteries Pvt Ltd, Racenergy, Kazam EV Tech Pvt Ltd, and Emuron Technologies. Run [...]

*Bajaj Allianz Life Insurance launches 'Bajaj Allianz Life Assured Wealth Goal' New Delhi, Dec 6 (PTI) Bajaj Allianz Life Insurance on Monday launched a value-packed plan 'Bajaj Allianz Life Assured Wealth Goal'.The product is designed to offer guaranteed income for securing one's life goals, such as building a house, going on a foreign vacation, paying [...]

New Delhi, Dec 6 (PTI) The Supreme Court Monday suggested mediation to Lalit Modi and his mother Bina Modi, wife of late industrialist K K Modi, to resolve the long pending property dispute in the family and asked both the parties to give names of mediators of their choice. The top court was hearing the [...]

New Delhi, Dec 6 (PTI) The government on Monday said it is taking all steps to strengthen the National Company Law Tribunal (NCLT) to reduce delays in disposal of cases under the insolvency law. In a written reply to a query in the Lok Sabha, Union minister Rao Inderjit Singh said that up to March [...]

New Delhi, Dec 6 (PTI) Russian Direct Investment Fund (RDIF) on Monday said it has applied for the registration of Sputnik M, COVID-19 vaccine for adolescents aged 12-17, to the Indian regulator for approval. The sovereign wealth fund said Russia's Health Ministry registered Sputnik M on November 24, 2021. It has become a new member [...]

New Delhi, Dec 6 (PTI) Central Institute of Indian Languages (CIIL) has signed a pact with microblogging platform Koo's holding company, Bombinate Technologies, for a collaboration that aims to curb misuse and abuse of social media and promote fair use of language. CIIL, which was established by the government to coordinate the development of Indian [...]

New Delhi, Dec 6 (PTI) Distributors of fast-moving consumer goods (FMCG) have sought a "level-playing field" with the leading B2B retailers from the makers, failing to which they have threatened to drop products from their portfolio. All India Consumer Products Distributors Federation (AICPDF) has written to FMCG companies against the price disparity between traditional distributors [...]

New Delhi, Dec 6 (PTI) Niti Aayog CEO Amitabh Kant on Monday launched a startup funding show that aims to encourage startups to come up with unique ideas and secure funds. The show 'Horses Stable - Jo Jeeta Wahi Sikandar' is a joint effort by HPPL Founder Prashant Agarwal and Bollywood actor Suniel Shetty. The [...]

New Delhi, Dec 6 (PTI) Chemicals major GHCL Ltd on Monday said it is divesting its home textiles business to Indo Count Industries Ltd for Rs 596 crore. The company, one of the leading manufacturers of soda ash, had initiated the process of carving out its textiles business into GHCL Textiles Ltd, in order to [...]

New Delhi, Dec 6 (PTI) The Indian Stainless Steel Development Association (ISSDA) on Monday said that it has urged the government to restore the countervailing duty (CVD) on stainless steel products from China and Indonesia in the upcoming Union Budget. The decision to suspend the CVD in Union Budget 2021-22 has led to a surge [...]

*Okinawa Autotech launches first experience centre in Uttarakhand Mumbai, Dec 6 (PTI)  Electric two-wheeler manufacturer Okinawa Autotech has launched its first ever Experience Centre, Okinawa Galaxy, which offers customers to experience the products and the story behind its making besides dozens of merchandise products. The experience centre has been launched in Dehradun.At this state-of-the-art futuristic [...]

New Delhi, Dec 6 (PTI) Vedanta Ltd on Monday said it has decided to extend the date by which holders can surrender their American Depositary Shares to the depositary in exchange for the underlying equity shares of the company from December 8 to January 10 next year. Holders of American Depositary Shares (ADS) can now [...]

Mumbai, Dec 6 (PTI) As the country records over 20 cases of Omicron in just three days while several COVID-19-positive samples undergo genome testing, as many as 50 per cent people want the central government to suspend all Vande Bharat flights coming from countries where 20 or more Omicron cases have been detected, according to [...]

New Delhi, Dec 6 (PTI) Realty major DLF on Monday said its rental arm DCCDL has received US Green Building Council's LEED zero water certification for water conservation in its commercial buildings at Gurugram, Haryana. DLF Cyber City Developers Ltd (DCCDL), which is a joint venture between DLF Ltd and investment firm GIC, has been [...]

New Delhi, Dec 6 (PTI) Realty firm Parsvnath Developers has acquired 4,751 square metres of commercial plot in Greater Noida for nearly Rs 14.8 crore after settlement of its dispute with the development authority, according to the company's chairman Pradeep Jain.In a tender process held in 2007, the company was allotted over 18,000 square metres [...]

New Delhi, Dec 6 (PTI) Power Minister R K Singh on Monday administered the oath of office and secrecy to Jyoti Prasad as Member (Law) of the Joint Electricity Regulatory Commission (JERC) for Goa and Union Territories. The JERC for all Union Territories except Delhi has been established by the Government of India under the [...]

New Delhi, Dec 6 (PTI) Start-up electric mobility solutions and energy storage provider Matter on Monday said it plans to invest Rs 1,500 crore over the next five years in Gujarat. The company has signed a memorandum of understanding (MoU) with the state government committing the investment in the areas of next generation electric mobility [...]

New Delhi, Dec 6 (PTI) Public sector banks (PSBs) effected restructuring of 9.8 lakh accounts of micro, small and medium enterprises, due to the impact of Covid-19 pandemic, amounting to Rs 58,524 crore as of November 26, the government said in Parliament on Monday. While, as many as 8.5 lakh accounts of individual borrowers of [...]

Mumbai, Dec 6 (PTI) Redcliffe Labs, a unit of Redcliffe Lifetech in the US and India, on Monday said it is planning to strengthen its team in the country by adding over 1,000 new employees over the next six months across various positions, including entry, mid and senior-levels. This new hiring will be focused across [...]

Mumbai, Dec 6 (PTI) The National Company Law Tribunal (NCLT) on Monday admitted the Reserve Bank's plea to initiate insolvency resolution proceedings against Reliance Capital. Last week, the Reserve Bank of India (RBI) filed an application for the initiation of Corporate Insolvency Resolution Process (CIRP) against the company. The apex bank had superseded Reliance Capital's [...]

New Delhi, Dec 6 (PTI) Greta Electric Scooters, a wholly-owned arm of Raj Electromotives Pvt Ltd, on Monday announced network expansion plans targetting over 50 touchpoints in key tier-II cities in the ongoing financial year. In the first phase, the company intends to reach cities where self-owned two-wheelers form the backbone of commute rather than [...]

PUNE, India, Dec. 6, 2021 /PRNewswire/ -- Every year, about 1 million new cases of piles appear in India and statistics reveal that at least 50 percent of people suffer from piles at some point in their lives. Despite having sufferers in such huge numbers, there are just a handful of doctors who major in [...]

New Delhi, Dec 6 (PTI) KRIBHCO Chairman Chandra Pal Singh Yadav is the first Indian to be elected as president of the International Cooperative Alliance Asia-Pacific (ICA-AP). Being the first Indian to occupy this position, Yadav garnered 185 votes, while his rival Chitose Arai of Japan 87 votes in elections that were held in Seoul [...]

Company accelerates effort to remove iTFAs by end of 2023; Stands ready to help customers eliminate iTFAs from national food supplies WAYZATA, Minn., Dec. 6, 2021 /PRNewswire/ -- As food manufacturers seek ways to help improve consumer diets, Cargill is supporting our customers by committing to remove iTFAs from its entire global edible oils portfolio. [...]

MOSCOW, Dec. 6, 2021 /PRNewswire/ -- Partnership between Russia and India in the fight against COVID has already demonstrated significant results, and the Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) strives to expand it through providing the one-shot Sputnik Light vaccine and Sputnik M vaccine(for adolescents). The Russian Sputnik V vaccine, which is [...]

Mumbai, Maharashtra, India – Business Wire India PayPhi, Phi Commerce’s API-first digital payments platform has become the first certified tokenization service for NPCI Tokenization System (NTS) that supports the tokenization of RuPay cards. To further enhance the safety of online transactions, RBI has issued a set of guidelines to store sensitive customer information in the [...]

Following the collaboration debut, the license agreement is the natural next step in the partnership. NEW DELHI, Dec. 6, 2021 /PRNewswire/ -- Timex Group, a global leader in watchmaking for over 165 years has announced a strategic new license agreement with Judith Leiber Couture, a global luxury brand. The partnership began on September 15, 2021 with the [...]

MOSCOW, Dec. 6, 2021 /PRNewswire/ -- The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) today announced the Russian one-shot Sputnik Light vaccine against coronavirus has been approved by the Ministry of Health of Argentina as a standalone vaccine and a booster shot. Sputnik Light vaccine is based on human adenovirus serotype 26 which [...]

Mumbai, Dec 6 (PTI) Pune-based healthcare supply chain start-up Biddano is tapping VC funds in its series-A funding round, which it expects to complete by January next year, the company's co-founder and CEO Talha Shaikh has said. Though the start-up has not yet decided about the quantum of fresh capital to be raised, it is [...]