Mumbai, Mar 24 (PTI) Private sector lender Federal Bank has teamed up with Reserve Bank Innovation Hub, a subsidiary of the central bank, as scale up partner for the second phase of Swanari TechSprint programme.The programme is aimed at advancing digital financial inclusion for women in India and to create digital solutions for bridging the gender [...]
New Delhi, Mar 24 (PTI) IIFL Home Fin has entered into a strategic co-lending partnership with State Bank of India to accelerate effective and affordable credit to small home buyers in the country. IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans. "This is SBI’s [...]
New Delhi, Mar 24 (PTI) Khadi sales stood at Rs 3,030 crore as of December 31, 2021, against Rs 3,527.71 crore in FY21, Parliament was informed on Thursday.In a written reply to the Lok Sabha, Minister of State for MSME Bhanu Pratap Singh Verma said the ministry has taken several steps to boost the sale [...]
New Delhi, Mar 24 (PTI) Food robotics and automation firm Mukunda Foods on Thursday said it has raised USD 5 million (over Rs 35 crore) in a funding round led by Zomato. The fresh round of funding takes the company's post-money valuation to USD 30 million, Mukunda Foods said in a statement. The company further said [...]
New Delhi, Mar 24 (PTI) Software-as-a-service firm Netcore has acquired 90 per cent stake in artificial intelligence-based product discovery platform Unbxd for USD 100 million to enhance its customer experience technology solutions, a senior company official said on Thursday. Netcore Cloud group CEO Kalpit Jain told PTI that the company is looking to come up [...]
Investment firm Invesco Developing Markets Fund, the largest shareholder in Zee Entertainment Enterprises, on Thursday said it will support the Zee-Sony merger deal and has decided not to pursue the call for ZEEL EGM to remove Managing Director and CEO Punit Goenka and two independent directors. Zee Entertainment Enterprises Ltd (ZEEL) has also welcomed the [...]
Expands its network footprint by adding the 19th Tata Motors’ dealership in Tamil Nadu Chennai, Tamil Nadu, India (NewsVoir) Tata Motors, in partnership with PPS Motors has inaugurated a new state-of-the-art dealership at Pallikarnai - in the city of Chennai. With this new facility, the company aims to extend its presence and build a strong [...]
Hyderabad, March 24 (PTI): Pratt & Whitney is setting up a world class global supply chain support centre- India Capability Centre in Bengaluru, a senior official of the aircraft engine maker said on Thursday. Sandeep Sharma, director, India operations, supply chain, Pratt & Whitney Canada, said the new centre will initially recruit about 160 aerospace [...]
New Delhi, Mar 24 (PTI) Authorities have issued over 1.98 crore challans worth Rs 1,898.73 crore for traffic violations across the country in the 2021 calendar year, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said 2,15,328 cases of road rage and [...]
Chennai, Mar 24 (PTI) Computer Age Management Solutions Insurance Repository Services Ltd (CAMSRep) on Thursday said it has launched a deep contact tracing facility to assist insurance companies in addressing their issue of unclaimed amounts. CAMSRep claimed they have launched an industry first PolicyGenie Deep Contact Tracing product -- an efficient and cost-effective solution leveraging [...]
Kochi, Kerala, India (NewsVoir) The organized breakfast market in South India has a new entrant with Tameemi Foods. NSR Group of companies having its headquarters at Inkel Business Park, Angamaly has recently launched its new food brand Tameemi Foods specializing in South Indian Breakfast products. The Kerala based corporate group, which has made a name [...]
New Delhi, Mar 24 (PTI) JK Tyre & Industries on Thursday said it has come up with the country's first puncture guard technology in tyres for four-wheelers. The technology, with specially engineered self-healing elastomer inner coat, applied inside the tyres through an automated process, heals the punctures. The company plans to build in the technology [...]
Hyderabad, Mar 24 (PTI): FlyBig, the newest scheduled commuter airline of India, on Thursday said it has signed a letter of intent to acquire up to 10 aircraft of De Havilland Canada Twin Otter Series 400 to serve small and remote regions. FlyBig operates commercial flights to destinations in the North-East, South, and Central under [...]
New Delhi, Mar 24 (PTI) Brushing aside concerns raised by proxy advisory firm IiAS on Suzuki's investment in the EV project, Maruti Suzuki Chairman RC Bhargava on Thursday asserted that there was nothing in it against the interest of the company and its shareholders as it is part of an earlier arrangement.Countering the criticism from [...]
New Delhi, Mar 24 (PTI) Public sector lender Bank of Maharashtra (BoM) on Thursday said it has raised Rs 290 crore by issuing Basel III compliant bonds. The bank issued Basel III compliant additional tier 1 (AT1) bonds of Rs 290 crore, including green shoe option of Rs 40 crore, on Wednesday at a coupon [...]
Mumbai, Mar 24 (PTI) RBI Governor Shaktikanta Das on Thursday inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru, set up with an initial capital contribution of Rs 100 crore to encourage and nurture financial innovation. The Hub has an independent Board with Senapathy (Kris) Gopalakrishnan as the Chairman and other eminent persons from industry [...]
Hyderabad, March 24 (PTI): With a buoyant aviation market, India needs 2,210 new aircraft over the next two decades, a senior official of Airbus said on Thursday. Brent McBratney, head of (airline marketing-India and South Asia) Airbus, said the fleet could comprise 1,770 new small and 440 medium and large aircraft. “This is what we [...]
Delhi | NCR, India (NewsVoir) SmartDukaan, a technology-driven direct to retail network committed to bridge the gap between organized urban mobile & electronics retail market and the unstructured sector. It is set to bring millions of retailer’s & consumers dreams to reality across the country. With its vast experience in retail and distribution sectors, the [...]
EKI Energy Services Ltd and Shell Overseas Investments B.V. on Thursday floated a joint venture company for nature-based solutions in India to reduce greenhouse gas emissions. "EKI Energy Services Ltd (EKI) and Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc, have joined hands to develop Nature-based Solutions (NBS) in India," a company [...]
