Business

24 Aug

Bandhan Bank celebrates its 5 years

editor0 CommentsBusinessBandhan Bank

 Bandhan Bank will be completing five successful years of operations on August 23, 2020. In June 2015, the Bandhan Group was given approval by the Reserve Bank of India (RBI) to set up a universal bank. For around two decades, Bandhan has tirelessly worked for the upliftment of India’s economically weak through access to timely microcredit, freeing the poor from the clutches of usurious moneylenders. After becoming a bank, Bandhan Bank has spread its reach to diverse corners of India across 34 states and UTs via its 4,559 banking outlets and 485 ATMs. Apart from its microcredit offerings, which account…

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24 Aug

Nuvoco introduces InstaMix Xpress

editor0 CommentsBusinessInstaMix Xpress

Nuvoco Vistas Corporation Limited launched InstaMix Xpress. It is a pre-mixed, ready-to-use, bagged, dry concrete. With this, Nuvoco has made premium quality concrete available anytime anywhere which is easy to use. InstaMix Xpress is a pre-blended mixture of Cement, Sand and Aggregates with special admixture, requiring only the addition of water before pouring the concrete. It is produced in a controlled environment and is fast, easy-to-use, and ready-to-pour in just three steps – Open, Mix and Pour.  In the current scenario, the majority of small concrete work is done by mixing cement, aggregates and water at site. The challenge lies…

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21 Aug

PropTiger‌ ‌launches‌ ‌Property‌ ‌Expo ‘Right‌ ‌to‌ ‌Home’‌

editor0 CommentsBusiness, SikkimPropTiger

Elara Technologies-owned Proptiger.com has launched India’s largest live online property expo, ‘Right to Home’. The expo was unique in that it enabled buyers to attend online presentations made by leading property experts and to hold one-on-one digital interactive sessions with property advisors from developers and Proptiger.com. Prospective home buyers took advantage of exciting spot offers during the event and bought their dream homes digitally. During the two-day virtual event (August 20 & 21), as many as 30 leading developers participated to showcase more than 80 projects located across India’s top 9 cities namely, Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Kolkata, MMR, Noida and Pune.…

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21 Aug

Bandhan Bank Turns 5: Going from strength to strength

editor0 CommentsBusinessbandhanbank

Bandhan Bank, India’s youngest universal bank focussed on serving the needs of the unbanked and underbanked sections of society will be completing five successful years of operations on August 23, 2020. In June 2015, the Bandhan Group, which addresses the financial needs of those at the bottom-of-the-pyramid across India’s rural and semi-urban areas, was given the final approval by the Reserve Bank of India (RBI) to set up a universal bank. For around two decades, Bandhan has tirelessly worked for the upliftment of India’s economically weak through access to timely microcredit, freeing the poor from the clutches of usurious moneylenders.  …

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21 Aug

State govt striving to benefit 68,000 MSMEs under Aatma Nirbhar Bharat: Sonowal

editor0 CommentsAssam, Businessantma nirbhar bharat, assam, msme

Chief Minister Sarbananda Sonowal today reviewed the implementation status of the Emergency Credit Line Guarantee Scheme for MSMEs of Dibrugarh and Tinsukia districts under Atma Nirbhar Bharat Abhiyan at a meeting held at the Deputy Commissioner’s office, Dibrugarh. He also held a discussion with the MSME owners of the two districts and urged them to take advantage of the Atma Nirmal Bharat initiative. Saying that Prime Minister Narendra Modi had started the Atma Nirbhar Bharat Abhiyan with financial outlay of Rs 20 lakh crore to revive and revitalise the country’s economy affected by COVID-19 lockdown, Sonowal stated that the state…

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19 Aug

Ministry of Food Processing Industries sanctions 16 new food processing projects

editor0 CommentsAssam, Businessassam, food industries, food processing projects

Ministry of Food Processing Industries has sanctioned 16 new food processing /preservation and infrastructure projects with a total cost of Rs.230 crore with subsidy commitment of Rs.85 crore for Assam in the last one year. It include 3 agro-processing clusters or Mini Food Parks with the objective to create common modern food processing/preservation infrastructure facilities for the processing/preservation units, 12 food processing/preservation units and 1 backward and forward linkage infrastructure. The Ministry has so far sanctioned 53 food processing/preservation projects in the different states of North East region in various supply chain component in the food processing sector with a…

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19 Aug

Google India’s flood forecasting initiative

editor0 CommentsBusinessGoogle India

 Over the past several months, along with the Central Water Commission (CWC), Google India have deployed its flood forecasting initiative and sent numerous public alerts to people in impacted regions across India. These alerts provide timely, updated, and critical information that can help users make informed decisions on their safety. Any user in the affected region with an Android smartphone with location services enabled will receive these alerts. Google India is currently issuing these notifications in English, Hindi and Bengali depending on the device language and location of users. One can also use Search to simply enter a query on…

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19 Aug

Flipkart: 8,000 new sellers participated in their first sale event

editor0 CommentsBusinessFlipkart

 During the Flipkart’s recently concluded five-day-long Independence Day Sale (August 6-10)Kick-starting the festive season, sellers on the Flipkart Marketplace platform witnessed significant business growth. In this period, the Flipkart marketplace platform recorded a 54 per cent increase in transacting sellers compared to last year. The Independence Day Sale event saw participation from sellers primarily from Tier 2 cities and beyond. In the wake of the COVID-19 pandemic, e-commerce has emerged as the preferred channel to connect with consumers nationwide. Since the nationwide lockdown, Flipkart saw an increased interest from sellers to join the platform. Since then, the company has onboarded…

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18 Aug

UTI Mastershare: An open-ended equity scheme

editor0 CommentsBusinessUTI Mastershare

 UTI Mastershare Unit Scheme is India’s first equity oriented fund (launched in October 1986). It has a track record of wealth creation for over 30 years. UTI Mastershare Unit Scheme, an open ended equity scheme predominantly aims to invest in large cap companies having competitive advantage in their respective fields. It follows an investment style of Growth at Reasonable Price (GARP) for stock picking. UTI Mastershare Unit Scheme aims to invest in companies that are fundamentally strong with control on borrowings, consistent revenue growth, focus on profitability and higher return on capital than cost of capital and consistent operating cash-flows…

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18 Aug

Maruti Suzuki Alto: The No 1 selling car

editor0 CommentsBusinessMaruti Suzuki Alto

Maruti Suzuki Alto announced a remarkable milestone of 40-Lakh cumulative sales. Alto is the preferred choice of Indian car buyers with 76% of Alto customers choosing it as their first car. Crowned as India’s best-selling car, Alto could not have achieved this milestone without the unparalleled faith and support from all its valuable customers. Mr Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India Limited, said, “Alto has been ranked as the No.1 selling car in India for 16th year in a row and we are immensely proud to announce another remarkable milestone of 40 lakh cumulative sales. This…

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