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IPL Gets Targeted Ads via Tata Play, Star Sports

In a move that promises to shake up the advertising landscape of Indian television, Star Sports and Tata Play have announced a groundbreaking partnership. This industry-first initiative will see the introduction of targeted advertising during the upcoming Indian Premier League (IPL) season. This means advertisers can now ditch the scattershot approach and strategically reach high-value […]

MUDRA Loan Scheme: Rs 27.75 Lakh Crore Disbursed

The Pradhan Mantri MUDRA Yojana (PMMY), a game-changing initiative launched in 2015 to provide institutional credit to micro and small enterprises (MSEs), has achieved a remarkable milestone. As of November 24, 2023, over Rs 27.75 lakh crore worth of loans have been disbursed under the scheme, significantly impacting over 47 crore small and new entrepreneurs […]

Pocket FM Secures $103M Funding with Lightspeed

Pocket FM, a rising star in India’s audio entertainment scene, has secured a substantial $103 million in its Series D funding round, led by Lightspeed Venture Partners with participation from Stepstone Group. This latest windfall brings Pocket FM’s total funding to a noteworthy $196.5 million and propels their valuation to an impressive $750 million. This […]

DroneAcharya, Hadron Aviation Team Up for Drone Diplomas

The Indian drone industry is on an upward trajectory, with the Drone Federation of India (DFI) predicting a market size of ₹30,000 crore (US$4.02 billion) by 2026. This growth is fueled by the integration of drones in various sectors – agriculture for crop monitoring and precision spraying, filmmaking for captivating aerial cinematography, disaster management for […]

Patanjali Apologizes Day After Ramdev SC Summons

In a surprising turn of events, Patanjali Ayurved, the Indian consumer goods giant with a reported ₹45,000 crore annual revenue (FY 2022-23), submitted an affidavit to the Supreme Court on March 20th, 2024, expressing regret for its advertising practices. Acharya Balkrishna, the company’s managing director, took full responsibility for the misleading claims about the medicinal […]

PB Fintech Initiates Payment Aggregator Division

In a move set to ripple through the Indian fintech industry, PB Fintech, the company behind insurance comparison platform PolicyBazaar, announced its ambitious entry into the payment aggregator sector on March 20th, 2024. The company will establish a wholly-owned subsidiary named PB Pay Private Limited, signaling its intent to become a one-stop shop for financial […]

NBCC (India) Secures $30M Saudi Project via MEA

NBCC Wins Prestigious $30 Million Saudi Arabia Construction Contract Indian construction giant NBCC (India) Ltd. has secured a prestigious project in Saudi Arabia, marking a significant milestone in their International Construction Projects strategy. The company was awarded a hefty $30 million (approximately Rs 249 crore) contract by the Kingdom’s Ministry of Education (MEA), showcasing NBCC’s […]

NCLAT: PSBs Restricted in Actions Against IL&FS Board

In a significant development for Infrastructure Leasing & Financial Services (IL&FS), the National Company Law Appellate Tribunal (NCLAT) has issued a much-needed reprieve. The tribunal has directed 11 public sector banks (PSBs) to refrain from taking any coercive action against the company and its board. This decision comes as a welcome respite for IL&FS, which […]

Insurance Sector Sees Rs 54,000 Cr FDI Surge in 9 Years

The Indian insurance sector has transformed into a powerhouse, driven by a tidal wave of foreign direct investment (FDI). Over the past nine years (December 2014 – January 2024), the sector has garnered a staggering Rs 54,000 crore in FDI, according to Financial Services Secretary Vivek Joshi. This impressive investment surge coincides with a remarkable […]

YES Bank Joins Indian Olympic Association for Paris Olympics

YES Bank has ignited a wave of national pride by securing the coveted title of Official Banking Partner for Team India at the upcoming Paris Olympics 2024. This strategic partnership, announced on February 19, 2024, marks a significant milestone for both the bank and the Indian Olympic Association (IOA). A Multifaceted Approach to Empowering Athletes […]