SME Portfolio Boosts MAS Financial’s AUM to Over ₹10,000 Crore
Overview of MAS Financial’s Milestone Achievement MAS Financial Services Ltd., an established non-banking financial company in India, has recently achieved a significant milestone. The company’s consolidated Assets Under Management (AUM) crossed the ₹10,000 crore mark during the quarter, standing at approximately ₹10,225 crore as of December 31, 2023. This marks a notable year-on-year growth of […]
IPM’s Expansion: 100 New Fuel Outlets Starting in Assam
Indo Petroleum Marketing (IPM), a Delhi-based start-up company, has announced its plans to set up 100 fuel retail outlets across India in the next five years, starting from Assam. The company has been granted transportation fuel retail marketing authorization by the Ministry of Petroleum and Natural Gas of the Government of India under its revised […]
Project Sparsh: A Sensory Art Initiative by Asian Paints and St+art India at Rajasthan Netraheen Kalyan Sangh School, Jaipur
Introduction Art connects people through thoughts and feelings that cannot be expressed in words. While most art is visually captivating, there are few artworks that bring the beauty and joy of art to people who cannot see them. This is the idea behind Project Sparsh, an initiative launched by Asian Paints and St+art India Foundation. […]
Grew Energy Invests Rs 3,800 cr for Solar Unit in Dholera, Gujarat
Introduction In a significant development for India’s renewable energy sector, Grew Energy has announced a major investment in Gujarat. The company has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to set up a solar component manufacturing unit in Dholera. This investment, worth Rs 3,800 crore, marks a substantial step towards enhancing […]
Shipping Ministry Inks Deals Worth Rs 30,000 Cr at Vibrant Gujarat Summit
Vadhavan Port Project The Ministry of Ports, Shipping, and Waterways (MoPSW) on Thursday said it has signed initial agreements for investments worth Rs 30,000 crore during the Vibrant Gujarat Global Summit 2024. In a statement, the ministry said during the event APM Terminals and Jawaharlal Nehru Port Authority (JNPA) signed Memorandum of Understanding (MoUs) worth […]
UltraTech Cement Invests Rs 49 Cr to Secure 26% Stake in Amplus Ages Introduction UltraTech Cement, a leading cement maker and a part of the Aditya Birla Group, has announced the acquisition of 26% stake in Amplus Ages Pvt Ltd, a renewable energy company, by investing Rs 49 crore. The deal is expected to help […]
Micron and NAMTECH Collaborate to Boost India’s Semiconductor Packaging Industry with Talent Development
Micron Technology, Inc, one of the world’s largest semiconductor companies, and the New Age Makers Institute of Technology (NAMTECH), an ArcelorMittal Nippon Steel India education initiative, have announced a partnership to develop a world-class talent pipeline for India’s semiconductor packaging industry. The partnership is aligned with the Ministry of Electronics and Information Technology’s India Semiconductor […]
HUL Faces Boycott from FMCG Distributors in Maharashtra Due to Revised Margin Structures
Background Hindustan Unilever Limited (HUL) is one of the leading FMCG companies in India, with popular brands such as Lux, Lifebuoy, Surf Excel, Rin, Pond’s, Dove, and Kissan. The company has recently changed its margin model for its distributors, reducing the fixed margins by 60 basis points and increasing the variable margins by up to […]
Numrovani Unveils ‘Cosmic Search Engine’ – Transforming Lives with Stellar Insights
NumroVani, the trailblazing lifestyle brand that harmoniously blends ancient wisdom with modern sciences, has unveiled its transformative Facebook campaign, Sitaaro Ka Search Engine. This ground-breaking initiative aims to empower individuals facing challenges in love, career, and life by providing cosmic guidance through the expertise of renowned Astro numerologist Sidhharrth S Kumaar. What is Sitaaro Ka […]
RBI’s Shaktikanta Das Issues Warning on Banks’ Use of Algorithmic Lending
Risks of AI-based models Reserve Bank of India (RBI) Governor Shaktikanta Das has warned banks and non-bank financial companies (NBFCs) against relying on algorithms and artificial intelligence (AI) to assess customers for loans. He said that model-based, algorithm lending can “lead to a potential crisis” if the robustness of the models is not appraised properly. […]