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Nivesh to increase penetration of financial products
10 May

Nivesh to increase penetration of financial products

editor0 CommentsBusiness, , ,
Nivesh.com, a fintech startup has raised $1.6 Million led by IAN Fund. The round also saw participation from other co-investors including angel investors from Indian Angel Network, LV Angel Fund as well as other angel investors. In 2020, Nivesh was listed in WealthTech100, which is an annual list of top 100 of the world’s most innovative WealthTech companies selected by a panel of industry experts and analysts. The company has previously been funded by LV Angel Fund, Next Billion Fund managed by Windrose Capital, and marquee angel investors such as Vivek Khare, Basab Pradhan, Rahul Gupta and Sandeep Shroff. Nivesh…
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Bandhan Bank’s net profit stands at Rs. 2,205-cr
10 May

Bandhan Bank’s net profit stands at Rs. 2,205-cr

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Bandhan Bank’s total business (deposits and advances) grew 28% year-on-year to reach Rs.1.65 lakh crore at the end of FY2020-21. It was revealed by the Bank in its financial results for the quarter and financial year ended March 31, 2021. The Bank’s net profit for the quarter ended March 31, 2021 stood at Rs. 103-crores. For the full financial year 2020-21, net profit stood at Rs. 2,205-crore. The Bank serves 2.37-crore customers through 1,149 branches and 5,371 banking outlets (as on April 30, 2021). The total number of employees working at Bandhan Bank stands at 49,445 as on March 31,…
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New research shows how China’s emission tops all other countries
07 May

New research shows how China’s emission tops all other countries

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China emits more greenhouse gas than the entire developed world combined, a new report has claimed. The research by Rhodium Group says China emitted 27% of the world's greenhouse gases in 2019. The US was the second-largest emitter at 11% while India was third with 6.6% of emissions, the think tank said. Scientists warn that without an agreement between the US and China it will be hard to avert dangerous climate change. China's emissions more than tripled over the previous three decades, the report from the US-based Rhodium Group added. The Asian giant has the world's largest population, so its…
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Vi GIGAnet – fastest 4G network in Jan-March’21: Ookla
07 May

Vi GIGAnet – fastest 4G network in Jan-March’21: Ookla

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GIGAnet from Vi has once again been verified as the fastest 4G network across India for the third consecutive quarter, by Ookla - the global leader in fixed broadband and mobile testing applications, data and analysis. Vi delivered the fastest 4G speeds compared to all other operators in Jan-March 2021 quarter, making it the only operator delivering fastest 4G speeds consistently for three consecutive quarters on a pan-India basis. In West Bengal, GIGAnet from Vi has topped the speed charts for average download speeds in key cities like Kolkata, Gangtok, Siliguri, Howrah, New Town, Durgapur, Darjeeling, Asansol, Burdwan, Haldia, Barrackpore,…
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OPPO launched OPPO A54 in India
06 May

OPPO launched OPPO A54 in India

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The leading global smart device brand, OPPO launched OPPO A54 in India. A54 runs on a Mediatek Helio P35 (MT6765) Octa-Core Processor. A54 comes with HD+ Screen, powered by a LCD display. A54 weighs about 192g and is 8.4mm thin. OPPO A54 users will have three colors to select from - Crystal Black, Starry Blue and Moonlight Gold. OPPO A54 will be available at Flipkart and Mainline Retail Outlets. OPPO A54 will launch with 4GB RAM + 64GB ROM (Rs 13,490), 4GB RAM + 128GB ROM (Rs 14,490) and 6GB RAM + 128GB ROM (Rs 15,990). The smartphone comes with…
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On-tap liquidity of Rs 50,000 cr for Covid healthcare, says RBI guv
05 May

On-tap liquidity of Rs 50,000 cr for Covid healthcare, says RBI guv

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Reserve Bank of India Governor Shaktikanta Das will make an unscheduled address today. "Watch out for the address by RBI Governor @DasShaktikanta at 10:00 am today, May 05, 2021," the RBI's official Twitter handle stated. Das' address to the nation comes days after his series of meetings with bankers and non-banking finance companies (NBFC) chiefs with regard to the current stress on the economy in view of the second wave of Covid-19 pandemic. In this today's speech, the RBI Governor could likely announce measures to offset the economic impact of the second Covid-19 wave. Various states have come up with…
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Bitcoin: The currency that is making people millionaires
04 May

Bitcoin: The currency that is making people millionaires

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The digital currency bitcoin has exploded in popularity since it began in 2009. What is bitcoin? Bitcoin is a type of digital cryptocurrency. There are others out there as well, such as Ethereum, LiteCoin, Neo, Monero etc — these non-bitcoin cryptocurrencies are often referred to online as altcoins. The main feature of cryptocurrencies is that they operate on a decentralised peer-to-peer network, with no central authority or government backing. You can pay bitcoin to someone else and there's no bank to go through to make that transaction, just a peer-to-peer networked program on your computer.Bitcoin welcome: The currency is being…
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Bill Gates announces divorce with wife Melinda Gates
04 May

Bill Gates announces divorce with wife Melinda Gates

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Bill and Melinda Gates have announced their divorce after 27 years of marriage, saying "we no longer believe we can grow together as a couple". "After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage," the pair tweeted. They first met in the 1980s when Melinda joined Bill's Microsoft firm. The billionaire couple have three children and jointly run the Bill & Melinda Gates Foundation. The organisation has spent billions fighting causes such as infectious diseases and encouraging vaccinations in children. The Gates - along with investor…
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Glenmark – the first company to launch Ryaltris-AZ
03 May

Glenmark – the first company to launch Ryaltris-AZ

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Glenmark Pharmaceuticals Limited launched Ryaltris-AZ Nasal Spray for the treatment of moderate to severe allergic rhinitis. Glenmark is the first company in the world to launch Ryaltris-AZ, as a novel fixed dose combination of Mometasone furoate 50 mcg + Azelastine 140 mcg. While the average cost of therapy of top 10 existing brands of the similar drug category is Rs. 365, Glenmark’s Ryaltris-AZ nasal spray has been launched at a breakthrough price of Rs. 175 per pack of 75 metered doses (MD). This cost is around 52% less as compared to the average price of the top 10 brands of…
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CG Foods: Highest saturation of women workforce in Rangpo
03 May

CG Foods: Highest saturation of women workforce in Rangpo

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The makers of WAI WAI noodles, CG Foods are celebrating its first manufacturing facility in India by revisiting its legacy & vision of ‘Made in Sikkim- Served in India’. CG Foods (the FMCG arm of CG Corp Global) ventured into the Indian noodles market by introducing its iconic instant noodle brand WAI WAI. The company established its first manufacturing unit in Rangpo, Sikkim in 2006. From 2006 to 2010, the plant at Rangpo was the only manufacturing line supplying the products to pan-India consumer base until other lines were set up in different locations over the country. The plant is…
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