The Digital Shift: How Online Brands are Reshaping India’s Consumer Sector
. In recent years, the D2C sector has seen significant milestones, including the emergence of its first unicorn, Licious, and several brands like boAt, Mamaearth, Wakefit, and Country Delight crossing Rs 100 crore in revenue in a short span. The D2C sector in India is projected to be worth $100 billion by 2025, up from $44.6 billion at the end of fiscal year 2021.
BRICS CCI Launches Initiative to Empower Women Professionals and Entrepreneurs
The inaugural program of the Global Women Leadership Programme will include about 25 women professionals and entrepreneurs from BRICS and other friendly countries
Asia-Pacific’s Economic Shift: S&P Global Cites India Surpassing China
India’s promising economic trajectory is bolstered by its large domestic market, the purchasing power of its growing middle class, and the stability of its economic policies. The International Monetary Fund (IMF) and the World Bank forecast a 6.3% GDP growth for India for the fiscal year 2023-24. This positive outlook is despite global headwinds and geopolitical challenges, indicating the resilience of India’s economy.
RBI’s New Rule: ₹100 Daily Penalty for Credit Bureaus Over Complaint Delays
The RBI has mandated that CIs and CICs must resolve complaints filed by customers within 30 calendar days. If they fail to do so, they are required to pay a fine of ₹100 per day for every day of delay beyond this period.
PayGlocal Moves Closer to Full Authorization with RBI’s Nod for PA License
The company was founded in 2021 by payment industry veterans Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande, and has since developed a technology platform that offers payment processing and transaction risk management solutions. These solutions help in securely accepting online payments through various instruments, including cards and global alternative payment methods.
RBI Expands Digital Reach: PM Vishwakarma Scheme Joins PIDF
The PIDF Scheme, operationalized in January 2021, initially had a duration of three years, set to end in December 2023. However, its success and potential impact led to an extension up to December 31, 2025.
Ayush and Waterways: A Rs 1,100 Crore Leap Towards Northeast’s Transformation
The Indian government, under the leadership of Union Minister Sarbananda Sonowal, has announced a significant investment of Rs 1,100 crore for the development of 25 inland waterway projects and various Ayush projects in the Northeast region.
From Local to Global: India’s Journey to Manufacturing Supremacy
India is now the third most sought-after manufacturing destination globally, with the potential to export goods worth US$ 1 trillion by 2030.
Cloud Power: AWS and Crayon’s New Incubation Hub for Startups in Bengaluru
AWS and Crayon are committed to accelerating the development of these ISVs, aiding them to become members of the AWS Partner Network (APN), a global community that includes more than 100,000 partners across 150 countries.
Himachal’s Green Leap: ₹680 Crore Startup Scheme Unveiled
The Himachal Pradesh government has launched an ambitious ₹680 crore startup scheme as part of its green initiatives to generate employment, particularly for the youth.