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Tata Motors to invest ₹9,000 crore in first Tamil Nadu plant

Unique Times March 15, 2024 0

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 Continue Reading

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NBFCs: Building a More Inclusive Future

Unique Times March 11, 2024 0

 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

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In a Sweet Spot

Unique Times February 19, 2024 0

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

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The Case for Improving Manufacturing Productivity

Unique Times February 19, 2024 0

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

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India Increases Authorised Capital of FCI From ₹10,000 Crore to ₹21,000 Crore

Unique Times February 19, 2024 0

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

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PM Modi Lays Foundation Stone for 300 MW Solar Plant in Rajasthan

Unique Times February 17, 2024 0

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

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Ola Mobility Expands to Chennai Airport, Marking Presence at 22 Airports Nationwide

Unique Times February 16, 2024 0

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

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Uber unveils $7 billion share buyback after first profitable year

Unique Times February 15, 2024 0

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

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VP Nandakumar Honored with Financial Success Champion Award

Unique Times February 14, 2024 0

In a prestigious ceremony, VP Nandakumar, the MD & CEO of Manappuram Finance, was bestowed with the BFSIC EXO’s Financial Success Champion award for his exceptional entrepreneurial excellence in the finance business sector. The award is a testament to the innovative practices, significant contributions, and leadership qualities demonstrated in the financial Continue Reading

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JSW Group aims to manufacture 3 lakh electric cars in Odisha per year

Unique Times February 14, 2024 0

JSW Group’s Chairman, Sajjan Jindal, unveiled plans in Odisha to establish a significant electric vehicle (EV) manufacturing plant, capable of producing 1 lakh commercial electric vehicles and 3 lakh electric cars annually. This ambitious project encompasses the construction of a 50 GWh EV battery plant, a lithium refinery, a copper smelter, and related component Continue Reading