AU Small Finance Bank-Fincare SFB Merger Gets CCI Approval
The Competition Commission of India (CCI) has given the green light to the merger of Fincare Small Finance Bank (Fincare SFB) with AU Small Finance Bank (AU SFB), according to an exchange filing on Tuesday . The merger, which was announced in October 2023, is expected to create a financial inclusion powerhouse with a pan-India […]
Byju’s Cuts Valuation by 90% for Fundraising
Byju’s, India’s most valued edtech startup, is facing a crisis of confidence as its valuation has plummeted from $22 billion to less than $2 billion in less than a year. The company is looking to raise more than $100 million from existing stakeholders, including founder Byju Raveendran, at a steep 90% discount to its previous […]
Bajaj Eyes CNG 2-Wheelers After 3-Wheeler Success
Bajaj Auto, the Indian two-wheeler giant, is planning to launch its first CNG-powered motorcycle in 2025, following the success of its CNG three-wheelers. The company aims to offer an affordable and eco-friendly alternative to petrol bikes, with lower running costs and emissions. Why CNG bikes? According to Rajiv Bajaj, the CEO of Bajaj Auto, there […]
Serum Institute Joins CEPI for Disease Outbreak Vaccines
Serum Institute of India (SII), the world’s largest vaccine manufacturer, has announced its partnership with the Coalition for Epidemic Preparedness Innovations (CEPI), a global alliance of public, private and philanthropic organizations that aims to accelerate the development of vaccines against emerging infectious diseases. The collaboration will enable SII to join a growing network of vaccine […]
Rs 8,325 Cr Prepaid by Airtel for 2015 Spectrum Liabilities
Bharti Airtel, India’s second-largest telecom operator, has prepaid Rs 8,325 crore to the Department of Telecom (DoT) towards part prepayment of the deferred liabilities pertaining to spectrum acquired in the 2015 auction. The company said that this move will reduce its interest cost by 10 per cent. Spectrum auction in 2015 Bharti Airtel had won […]
ONGC’s Green Energy Subsidiary Approved by Ministry
The Ministry of Petroleum and Natural Gas has given its approval for the establishment of a subsidiary company by Oil and Natural Gas Corporation Limited (ONGC), focusing on green energy and gas ventures. The newly formed company, proposed to be named ONGC Green Limited, will engage in businesses related to green hydrogen, hydrogen blending, renewable […]
E-Bikes Over ‘4 Lakh in Hero Moto’s Green Drive
Hero MotoCorp, India’s largest two-wheeler maker, is gearing up for the electric vehicle market with plans to launch premium e-bikes priced over Rs 4 lakh in collaboration with Zero Motorcycles, a US-based company. The company will also expand its green portfolio with more affordable versions of its Vida electric scooter, targeting the entry-level and B2B […]
HDFC: First Bank with 2 Crore Credit Cards
HDFC Bank, India’s largest private sector lender, has achieved a new milestone by issuing 2 crore credit cards to its customers. This makes HDFC Bank the first bank in India to reach this mark, ahead of its competitors like SBI, ICICI and Axis Bank. According to the latest data from the Reserve Bank of India […]
AI Boosts Hiring Efficiency at Incruiter
Incruiter, a provider of interview solutions, is leveraging artificial intelligence (AI) to enhance the hiring processes of companies. The startup has recently launched IncBot, an AI video interview software that conducts the initial round of interviews and reduces hiring time by 80%. The startup was founded in 2018 by Anil Agarwal and is headquartered in […]
AI in India: Cabinet to Review Rs 10,000 Cr Proposal
The Ministry of Electronics and IT (Meity) will soon seek cabinet approval for the India AI programme, which aims to build GPU-based servers in public-private partnership mode with an outlay of over Rs 10,000 crore, according to Minister of Electronics and IT Rajeev Chandrasekhar. Introduction Artificial intelligence (AI) is a key technology that has the […]