Uncia Chain’: Unity Bank’s Innovative Partnership with Uncia for Supply Chain Finance
Introduction Supply chain finance (SCF) is a set of solutions that optimize cash flow by allowing businesses to lengthen their payment terms to their suppliers while providing the option for their large and SME suppliers to get paid early. This results in a win-win situation for the buyer and supplier. The buyer optimizes working capital, […]
OPTICA Bangalore’s ‘Surya Tilak Project’: Celebrating Lord Shri Ram at Shri Ram Mandir, Ayodhya
A Divine Collaboration In a divine collaboration between Optics & Allied Engineering Pvt Ltd (OPTICA) Bangalore and the esteemed Shri Ram Janmabhoomi Teerth Khestra Trust, a celestial masterpiece is taking shape – the Surya Tilak Project at Shri Ram Mandir in Ayodhya. Optica’s Managing Director, Mr. Rajendra Kotaria, and Technical Director, Mr. Kishore Kotaria, have […]
Promoting Entrepreneurship in Bihar: Government Approves Rs 2 Lakh for Each of 94 Lakh Families
The Bihar government has taken a significant step to boost entrepreneurship and self-employment in the state by approving financial assistance of Rs 2 lakh each to approximately 94 lakh families with a monthly income of Rs 6,000 or less. The initiative, under the Bihar Small Entrepreneur Scheme, is aimed at fostering economic growth, generating employment […]
Unicorn Startups Face Valuation Markdowns: Byju’s, Ola, Swiggy Among Those Losing 49% Value in 2023
Unicorn Startups Face Valuation Markdowns: Byju’s, Ola, Swiggy Among Those Losing 49% Value in 2023 Introduction The year 2023 was a tough one for many Indian startups, especially those that had achieved the coveted unicorn status of $1 billion or more in valuation. According to a report by Orios Venture Partners, an early-stage venture capital […]
Monitor Your CIBIL Score Effortlessly with Bajaj Finserv Credit Pass
Your CIBIL score is a 3-digit number that measures your credit health and reflects your creditworthiness. It ranges from 300 to 900, with higher scores indicating better repayment history and lower risk of default. A good CIBIL score can help you get faster loan approvals, lower interest rates, higher loan amounts, longer loan tenures, and […]
Auto PLI Scheme: Ola Electric Secures Domestic Value Addition Certificate
Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has become the first Indian two-wheeler EV company to receive certification under the Production Linked Incentive (PLI) Scheme for automobiles and auto components. The scheme, approved by the Union Cabinet in September 2023, aims to boost domestic manufacturing of advanced automotive technology products, including electric […]
Ayodhya Welcomes 65 New OYO Homestays and Hotels: A Boost to Local Tourism
Ayodhya, the holy city of Lord Ram, is witnessing a surge in tourism as pilgrims flock to visit the Ram Janmabhoomi temple and other sacred sites. To cater to the growing demand, OYO, India’s largest hospitality chain, has announced the launch of 65 new homestays and hotels in Ayodhya, offering comfortable and affordable accommodation options […]
BEL Secures Orders Valued at ₹1,034.31 Crore: A Significant Achievement
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has announced that it has received orders worth ₹1,034.31 crore in the month of January 2024. These orders include a major order from Mazagon Dock Shipbuilders Ltd for supply of spares related to the missile systems, as well as additional orders for defence equipment from various customers. […]
Government Should Consider Taxing Wealthy Farmers, Suggests MPC Member
The issue of taxing agricultural income has been a contentious one in India, where a large section of the population depends on farming for their livelihood. However, some experts have argued that imposing income tax on rich farmers could bring more equity and efficiency in the taxation system, as well as generate more revenue for […]
NFO Alert: Bajaj Finserv AMC’s Entry into ETF Market with Launch of Nifty 50 and Nifty Bank ETF
Bajaj Finserv Mutual Fund, a subsidiary of Bajaj Finserv Limited, has announced the launch of two new exchange-traded funds (ETFs) as part of its new fund offers (NFOs). The schemes, namely Bajaj Finserv Nifty 50 ETF and Bajaj Finserv Nifty Bank ETF, opened for subscription on January 15, 2024, and will close on January 18, […]