Tata AIA Life Expands WhatsApp Payment Services
Tata AIA Life Insurance is shaking the foundation of the insurance industry with its groundbreaking expansion of WhatsApp payment services. This innovative move positions Tata AIA as the undisputed leader in India, offering a truly unmatched insurance experience through the ubiquitous platform of WhatsApp. Enhanced Convenience: A Plethora of Payment Options at Your Fingertips Previously, […]
RBI Launches UPI Cash Deposit, No ATM Card Required
The Reserve Bank of India (RBI) recently announced a groundbreaking move to further propel India’s digital payment ecosystem. Governor Shaktikanta Das, on April 5, 2024, revealed plans to introduce a UPI-based cash deposit facility. This eliminates the need for ATM or debit cards for cash deposits, marking a significant shift towards a more digital future […]
Namdev Finvest Secures $19M Funding from Maj Invest
Microtunneling further into India’s financial landscape, MSME-focused non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion of $19 million. The pre-Series C funding round, led by Maj Invest Financial Inclusion Fund III K/S, a private equity firm championing financial inclusion endeavors, will empower Namdev Finvest to extend its reach into underserved rural markets. […]
Walmart Vriddhi, D&B Team Up for MSME Credit, Contracts
Indian micro, small and medium enterprises (MSMEs) are gaining a much-needed boost. Walmart’s supplier development program, Vriddhi, recently announced a collaborative effort with Dun & Bradstreet (D&B), a leading data and analytics company. This partnership aims to empower MSMEs by providing them with easier access to credit and equipping them to compete for government contracts. […]
ONDC Partners with iThink Logistics for MSMEs
E-commerce logistics aggregator, iThink Logistics, has joined forces with the Open Network for Digital Commerce (ONDC) to expand its reach and provide micro, small and medium enterprises (MSMEs) with cost-effective delivery solutions. This collaboration, announced in early April 2024, is a significant development for the Indian e-commerce landscape, aiming to empower MSMEs with greater autonomy […]
Yellow Peas: Duty-Free Import Extended Till June
In a move to address rising pulse prices, the Indian government has extended its relaxation on import duty for yellow peas by two months. The new deadline for duty-free imports is June 30, 2024, providing much-needed relief for Indian consumers struggling with affordability. Yellow peas, considered a close substitute for chana, are expected to play […]
Zee Announces 15% Staff Reduction in Overhaul
Indian media powerhouse Zee Entertainment (ZEE.NS) sent shockwaves through the industry on Friday, April 5th, 2024, by announcing a significant 15% workforce reduction. This bold move signals a major company restructuring aimed at streamlining operations, reducing costs, and propelling Zee towards a more profitable future. Financial Pressures and Strategic Goals Zee Entertainment, like many companies, […]
Aurobindo Pharma’s A.P. Facility: 3 U.S. FDA Notices
Aurobindo Pharma, a leading Indian pharmaceutical company, has hit a roadblock with its recently inaugurated injectable facility located in Andhra Pradesh. The US Food and Drug Administration (US FDA) conducted a routine inspection and issued a Form 483 with three observations, casting a shadow over the facility’s compliance with stringent US regulatory standards. Form 483 […]
Zeno Health Acquires Tablt Pharmacy: Mumbai Start-up Deal
Mumbai, India – In a strategic move to bolster its footprint and address the unmet need for affordable healthcare in Eastern India, Mumbai-based healthcare startup Zeno Health, backed by $25 million in funding, has acquired Kolkata-based Tablt Pharmacy. Finalized in February 2023, the acquisition underscores Zeno Health’s ambition to become a leading player in the […]
Ayurveda Market Hits Rs 1.2 Lakh Crore by FY28
The Indian Ayurveda market is poised for a remarkable upswing, with a projected valuation of ₹1.2 lakh crore (USD 16.27 billion) by FY28, according to a recent study by NirogStreet. This signifies a significant leap from the current market size estimated at ₹57,450 crore (USD 7 billion). NirogStreet’s study breaks down this growth further, indicating […]