MSME Ministry Enhances Support: Development and Facilitation Offices to Address Udyam-Related Issues
The Ministry of Micro, Small, and Medium Enterprises (MSME) has taken a new initiative to expedite the resolution of grievances related to Udyam registration certificates for MSMEs. The ministry has empowered its Development and Facilitation Offices (DFOs) in various state capitals and industrial cities across the country to address issues related to the cancellation or […]
Investing in Aquaculture: AquaExchange’s $6 Million Funding Round Led by Ocean 14 Capital and Endiya Partners
Aquaculture, the farming of aquatic organisms such as fish, crustaceans and algae, is one of the fastest-growing food sectors in the world. According to the government’s investment promotion agency, India is the third largest fish-producing country globally with an 8 per cent share in global production. However, the sector faces many challenges such as low […]
Adani Group’s Bold Move: Rs 50,000 Crore Investment for a 1 GW Data Centre in Maharashtra
The Adani Group, one of India’s largest and most diversified conglomerates, has announced a massive investment plan to set up a 1 GW (gigawatt) hyperscale data centre infrastructure in Maharashtra. The project, which will be powered by renewable energy, is expected to create 20,000 direct and indirect jobs and boost the state’s digital economy. MoU […]
HDFC Bank Targets Singapore Market: The Journey Begins with a Banking License Application
HDFC Bank, India’s largest private sector lender, has applied for a banking license in Singapore, signaling its overseas ambitions after a landmark merger with Housing Development Finance Corp. last year. The bank is awaiting approval from the Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator. Why Singapore? Singapore is one of […]
ICICI Bank Canada Unveils ‘Money2India (Canada)’: A New Era in Mobile Banking
Introduction ICICI Bank Canada, a subsidiary of ICICI Bank, India’s largest private sector bank, has launched a new mobile banking app called ‘Money2India (Canada)’ that allows users to send money from any Canadian bank to any bank in India without the need for an ICICI Bank Canada account. Features The app, which is available for […]
CoinSwitch Leads the Way: Unveiling the Highest Cashback on Crypto Deposits
CoinSwitch Leads the Way: Unveiling the Highest Cashback on Crypto Deposits CoinSwitch, India’s largest crypto trading platform, has announced a new offer that rewards its users for depositing crypto assets to their CoinSwitch PRO account. The offer, called Cashback Bonanza, is the best-in-market offer announced by any Indian platform so far. How to avail the […]
The Employment Crisis in Indian Startups: Over 24,000 Jobs Cut in 2023, Reports Indicate
Introduction The year 2023 was a tough one for the Indian startup ecosystem, as more than 100 companies slashed their workforce by over 24,000 employees, according to a report by market research firm TheKredible. The report attributed the layoffs to a combination of factors, such as funding crunch, profitability pressure, regulatory challenges, and automation. Major […]
FSSAI Advocates for Bio-Pesticides: A New Approach to Tea Production
Tea is one of the most popular beverages in the world, and India is the second-largest producer of tea after China. However, tea cultivation faces many challenges, such as pests and diseases, that affect the quality and quantity of tea. To protect the tea plants from these threats, tea growers often use chemical pesticides, which […]
MCA Invites Public Insight on Key Rule Changes: A Closer Look at the Companies Act and LLP Act in Phase One
The Ministry of Corporate Affairs (MCA) has recently announced a policy framework for “pre-legislative consultation” relating to the framing of rules and regulations under laws administered by it. The framework aims to enhance public participation and transparency in the rule-making process and to ensure that the proposed changes are well-informed and justified. The policy framework […]
Suzuki Motorcycle India and SMFG India Credit Co Join Forces: A New Era in Vehicle Financing
A Strategic Partnership Suzuki Motorcycle India Pvt Ltd (SMIPL), a leading two-wheeler manufacturer in the country, has partnered with SMFG India Credit Co Ltd (formerly Fullerton India Credit Co), a Non-Banking Financial Company (NBFC) and a member of Sumitomo Mitsui Financial Group (SMFG), to provide quick and hassle-free financing options for Suzuki two-wheeler customers. The […]