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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. …

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…

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…

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…

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…

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…

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…

17 Aug

The story of a successful entrepreneur

editor0 CommentsBusinessSTORYOFARMANKABIR

Financial freedom and the opportunity to make a difference to the world are very important. Being an entrepreneur is also a liberating experience. Arman Kabir, a hotel owner, started his journey with nothing and through years of hard work and dedication, he became financially independent at the age of 35. A graduate from Magadh University, he initially worked in a marketing team. He also worked as a Bengali translator at a hotel in Ajmer. His first-hand experience with the hospitality sector gave him the courage to open his hotel. Without enough finances to operate and sustain his hotel, he approached…

17 Aug

ABSLI Assured Flexi Savings Plan

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The life insurance subsidiary of Aditya Birla Capital Limited (ABCL), Aditya Birla Sun Life Insurance (ABSLI) launched ABSLI Assured Flexi Savings Plan. Besides life cover, the plan aims to provide guaranteed benefits to provision for future goals while empowering customers with liquidity at hand, to fulfill short term goals or unplanned money needs. It offers fully guaranteed benefits and allows policyholders an instant access to their money by giving them the flexibility to make unlimited withdrawals. The flexibility to make unlimited withdrawals is hitherto unseen in the insurance market. ABSLI Assured Flexi Savings Plan is a fully guaranteed, non-linked non-participating…

16 Aug

Telephone service begins between UAE and Israel amid deal.

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Telephone service between the United Arab Emirates and Israel began working Sunday as the two countries opened diplomatic ties, part of a deal brokered by the U.S. that required Israel to halt its contentious plan to annex West Bank land sought by the Palestinians for a future state. Associated Press journalists in Jerusalem and Dubai were able to call each other from both landline and cellular phones registered to Israel’s country code +972 from around 1:15 p.m. The historic deal delivered a key foreign policy victory to President Donald Trump as he seeks re-election and reflected a changing Middle East…