Numaligarh Refinery Launches Bangladesh Office
Numaligarh Refinery Limited (NRL) has taken a strategic leap forward in solidifying its position as a dominant regional fuel supplier. The company recently inaugurated its first overseas office in Dhaka, Bangladesh, marking a new chapter in India-Bangladesh energy cooperation. This move comes on the heels of the successful completion of the India-Bangladesh Friendship Pipeline Project, […]
RBI : No New Co-Branded Credit Cards from Federal, South Indian Banks
The Reserve Bank of India (RBI) has taken a significant step towards strengthening co-branded credit card regulations in India. Effective March 12, 2024, Federal Bank and South Indian Bank, which collectively hold a substantial market share in co-branded credit cards (estimated at 15-20% by industry analysts), have been barred from issuing new cards due to […]
bob Earth Green Term Deposit Scheme by Bank of Baroda
Public Sector Banking Giant Champions Environmental Responsibility In a significant move that underscores India’s commitment to environmental sustainability, Bank of Baroda, a leading public sector bank, announced the launch of the bob Earth Green Term Deposit Scheme on March 11, 2024. This innovative program caters to environmentally conscious individuals and Non-Resident Indians (NRIs) seeking to […]
USOF, Prasar Bharati, ONDC: MoU for Rural Digital Services
In a landmark initiative aimed at accelerating rural digital transformation, three key Indian government agencies – the Universal Service Obligation Fund (USOF), Prasar Bharati, and the Open Network for Digital Commerce (ONDC) – signed a tripartite Memorandum of Understanding (MoU) on March 12, 2024. This collaboration signifies a significant commitment, with a combined investment of […]
India, ADB Sign $181M Loan to Boost Ahmedabad’s Livability
In a significant move for urban development in India, the Government of India and the Asian Development Bank (ADB) have signed a loan agreement valued at $181 million. This strategic partnership targets the Ahmedabad Peri-urban Livability Improvement Project, a comprehensive initiative designed to elevate living standards for an estimated 2.6 million residents in Ahmedabad, Gujarat’s […]
Indus PayWear: IndusInd Bank’s Complete Tokenised Wearable
IndusInd Bank has emerged as a frontrunner in the Indian fintech industry with the launch of Indus PayWear, unveiled on March 11, 2024. Indus PayWear represents a groundbreaking innovation – India’s first all-in-one tokenized wearable. This revolutionary technology empowers users to make secure contactless payments using their IndusInd Bank debit or credit cards, eliminating the […]
Slice Parent, North East Bank in CCI-Approved Deal
Landmark Fintech Consolidation Gets Regulatory Greenlight On March 12, 2024, the Competition Commission of India (CCI) granted its approval for the merger between Garagepreneurs Internet Private Limited (GIPL), the parent company of prominent fintech player Slice (valued at over $1 billion in 2021 funding rounds), and North East Small Finance Bank (NESFB). This crucial regulatory […]
Sidbi’s Avaana Secures $24.5M GCF Funding
On March 6, 2024, the Small Industries Development Bank of India’s (SIDBI) climate finance arm, Avaana, secured a significant $24.5 million investment from the Green Climate Fund (GCF). This strategic infusion serves as a catalyst for the launch of Avaana’s flagship initiative, the Avaana Sustainability Fund (ASF), with a total corpus of $120 million. The […]
Aurionpro Bags ₹100-Crore SBI Contract for iCashpro+ Platform
In a move that underscores Aurionpro’s position as a leading innovator in the Indian fintech industry, the company has secured a monumental ₹100 crore contract from State Bank of India (SBI), the country’s largest banking institution. This multi-year partnership signifies the deployment of Aurionpro’s next-generation cash management platform, iCashpro+, across SBI’s vast network. The implementation […]
MakeMyTrip, redBus Partner Madhya Pradesh Tourism
In an innovative effort to rejuvenate Madhya Pradesh’s tourism sector, leading travel platforms MakeMyTrip and redBus have partnered with Madhya Pradesh Tourism. This alliance is poised to revolutionize travel in the region by integrating recent data analytics into service offerings, providing tourists with enriched travel experiences Data-Driven Decisions: The partnership leverages cutting-edge data analytics to […]