Vedanta Aluminium, India’s leading aluminium producer, has initiated the ‘Panchhi -Sapno Ka Udaan’ program aimed at both recruiting and empowering economically disadvantaged girls in the coal mining regions of Odisha’s Sundargarh district. Sixteen local girls from Continue Reading
Business
Piyush Goyal, the Minister of Commerce and Industry, announced on March 15th that India has entered the top 10 countries globally in terms of patent grants, reflecting significant progress in the country’s intellectual property landscape. During the fiscal year 2023-24, approximately 100,000 patents have been issued, a considerable increase from the 6,000 patents Continue Reading
Tata Motors, a prominent automobile manufacturer, is set to invest ₹9,000 crore in constructing its inaugural plant in Tamil Nadu, as stated by the state’s industries department. This investment is anticipated to generate around 5,000 job opportunities. TRB Rajaa, Tamil Nadu’s industries minister, announced on social media that Tata Motors will establish a Continue Reading
Article By V.P. Nandakumar, MD & CEO, Manappuram Finance Ltd Bringing the multitudes of unbanked population in rural India to the formal credit market remains a major policy challenge but the task of financial inclusion has been made easier by the accelerated pace of digitalisation Providing last mile credit to consumers has been a shared […]Continue Reading
Article By Dr Sumitha Nandan Executive Director, Manappuram Finance Ltd Commercial lenders including NBFCs are on a path of healthy growth despite tightening risk weight norms by the regulator Post-pandemic recovery in the banking sector has many surprises on the upside. The most important eye-opener was the steady growth in non-farm credit off-take which has […]Continue Reading
Article By V.P. Nandakumar, MD & CEO, Manappuram Finance Ltd To sustain growth momentum in the long run, the government and the industry along with financial institutions should roll out a synchronised policy to boost productivity in the key manufacturing sector that will generate quality jobs, higher income and enhanced demand There are no two […]Continue Reading
The government has raised the authorized capital of the Food Corporation of India (FCI) from ₹10,000 crore to ₹21,000 crore to bolster its operational abilities and meet its objectives more effectively, as stated by the Food Ministry. FCI, serving as the primary agency for food grain procurement at minimum support prices (MSP) to safeguard farmers’ […]Continue Reading
Prime Minister Narendra Modi inaugurated the construction of NLC India Ltd’s 300 MW solar power project in Barsingsar, Rajasthan, on February 16. This initiative, part of MNRE’s CPSU Scheme and awarded by IREDA in October 2021, aims to enhance India’s renewable energy capacity and promote sustainable growth. The project is expected to cost around ₹1,756 Continue Reading
Ola Mobility, India’s leading ride-hailing platform, has expanded its services to Chennai International Airport, as part of a Memorandum of Understanding (MOU) with the Airports Authority of India (AAI). The newly established Ola Zone at Chennai International Airport will provide pickups for travellers and offer booking assistance, aiming to enhance service efficiency and Continue Reading
Uber Technologies announced on Wednesday its plan to repurchase up to $7 billion worth of company shares following a robust recovery in its ride-share segment and strong demand in its food delivery business. This move led to a more than 5% increase in Uber’s shares to $72.50 in pre-market trading. According to Uber CFO Prashanth […]Continue Reading