India’s Fiscal Strategy: Rs 30,000 Crore Government Securities Auction Set for December 1
The Indian government has planned to auction government securities valued at Rs 30,000 crore on December 1, 2023, as part of its borrowing program to meet funding needs.
Empowering Uber’s Driver Partners: The Launch of Uber Pro in India
Uber Pro is structured around four tiers: Blue, Gold, Platinum, and Diamond, with Diamond being the highest. Drivers start at the Blue tier and can progress to higher tiers by earning points from completed trips and meeting specific performance criteria, such as maintaining high app ratings and minimizing trip cancellations.
From Rejection to Approval: Zaakpay’s Journey to Becoming an RBI-Approved Payment Aggregator
Zaakpay’s journey to obtain this approval was challenging and spanned over two years. MobiKwik initially applied for the PA license for Zaakpay in 2021, but the application was denied by the RBI.
LEAP AHEAD: Fueling India’s Tech Startups with Funding and Mentorship
The initiative provides up to ₹1 Crore in funding, along with mentorship and global connections to assist tech startups.
India and EU Sign Landmark Semiconductor Agreement: A New Era of Cooperation Begins
This significant agreement, aimed at bolstering the resilience of semiconductor supply chains, was signed on November 25th in New Delhi by India’s Minister of Electronics, IT, and Communications, Ashwini Vaishnaw, and the European Commissioner for Internal Markets, Thierry Breton.
Xtreme by Zomato: A Game-Changer for Small and Medium-Sized Businesses in India’s Logistics Sector
Zomato has reported a net profit of Rs 2 crore for the quarter ending in June 2023, a significant improvement from the Rs 186 crore loss the previous year.
Government to Invest ₹30,000 Crore to Expand Crop Insurance Portal Coverage: A Boon for Farmers
The Indian government’s investment of ₹30,000 crore (approximately US$ 3.60 billion) in expanding the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal represents a significant commitment to enhancing the country’s agricultural resilience and supporting farmers.
Zomato Rides the Rails: A Strategic Partnership with IRCTC
The partnership was unveiled as a Proof of Concept (PoC) at five key railway stations: New Delhi, Prayagraj, Kanpur, Lucknow, and Varanasi. This initiative allows passengers to pre-order meals through the IRCTC E-Catering portal, with Zomato assisting in the supply and delivery.
Bengaluru’s Female Founders: Leading India’s Startup Revolution
Bengaluru has emerged as the leading city in India for women-led startups, hosting 1,783 such enterprises. This makes it the top destination for women entrepreneurs in the country, surpassing Mumbai and Delhi, which have 1,480 and 1,195 women-led startups respectively.
Nippon Life India AIF Taps into Growing Private Credit Market with ₹1,000 Crore Initiative
Nippon Life India Alternative Investment Fund (AIF) has made a significant move in the financial sector of India by announcing its plan to mobilize ₹1,000 crore for the expansion of private credit.