Reliance SBI Card: A Credit Card Designed for the Modern Consumer
The partnership between SBI Card and Reliance Retail has led to the introduction of the ‘Reliance SBI Card’, a co-branded shopping credit card. This partnership marks a significant development in the Indian retail and banking sectors. Here are the key details about the card and the partnership
Tata Enters iPhone Manufacturing Arena: India Poised to Become Global Electronics Hub
The Tata Group is set to become India’s first homegrown iPhone manufacturer, marking a significant milestone in the country’s technology and manufacturing sector. This development follows the approval by Wistron Corp’s board for the sale of its Wistron InfoComm Manufacturing (India) Private Ltd unit to Tata for $125 million, equivalent to approximately Rs 1,040 crore.
Government to Invest ₹30,000 Crore to Expand Crop Insurance Portal Coverage: A Boon for Farmers
The Indian government’s investment of ₹30,000 crore (approximately US$ 3.60 billion) in expanding the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal represents a significant commitment to enhancing the country’s agricultural resilience and supporting farmers.
Zomato Rides the Rails: A Strategic Partnership with IRCTC
The partnership was unveiled as a Proof of Concept (PoC) at five key railway stations: New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi. This initiative allows passengers to pre-order meals through the IRCTC E-Catering portal, with Zomato assisting in the supply and delivery.
Bengaluru’s Female Founders: Leading India’s Startup Revolution
Bengaluru has emerged as the leading city in India for women-led startups, hosting 1,783 such enterprises. This makes it the top destination for women entrepreneurs in the country, surpassing Mumbai and Delhi, which have 1,480 and 1,195 women-led startups respectively.
Empowering the Disabled: Government Announces 1% Rebate on Loan Repayments
The Indian Government, particularly the Ministry of Social Justice and Empowerment, has introduced an initiative to support Persons with Disabilities (PwDs), commonly referred to as ‘divyangjan’ in India, by offering a 1% interest rate rebate on loans.
India Shines Bright: Poised to Become World’s Second Largest Solar Module Manufacturer by 2025
By the end of March 2025, India’s annual solar module manufacturing capacity is expected to reach between 38 to 43 gigawatts (GW). This marks a nearly 400% increase from the 8GW per year capacity as of early 2021.
UPI Cleanup: NPCI to Deactivate Inactive IDs by December 31
This decision was taken to prevent the inadvertent transfer of funds to unintended recipients when customers change their mobile numbers without disconnecting the old number from the banking system. It addresses the possibility that the old mobile number may be assigned to a new operator.
Nippon Life India AIF Taps into Growing Private Credit Market with ₹1,000 Crore Initiative
Nippon Life India Alternative Investment Fund (AIF) has made a significant move in the financial sector of India by announcing its plan to mobilize ₹1,000 crore for the expansion of private credit.
Zurich Insurance Group Invests ₹4,051 Crore in Kotak General Insurance, Marking Largest Foreign Investment in Indian Non-Life Insurance
Zurich Insurance Group has announced a strategic alliance with Kotak Mahindra Bank, one of India’s leading private sector banks, by acquiring a 51% stake in Kotak Mahindra General Insurance Company Limited (Kotak General Insurance) for approximately USD 488 million.