Asirvad Micro Finance IPO Delayed as SEBI Puts Manappuram Finance’s Subsidiary on Hold
Regulatory Scrutiny Leads to Delay The Securities and Exchange Board of India (SEBI) has put the Initial Public Offering (IPO) of Asirvad Micro Finance, a subsidiary of the listed Non-Banking Financial Company (NBFC) Manappuram Finance, on hold. The proposed IPO, aimed at raising ₹1,500 crore, has been kept in “abeyance,” with SEBI not providing further […]
BMW India Achieves Record-Breaking Sales of 22,940 Units in 2023
Overview of BMW India’s Historic Sales Achievement BMW India marked a significant milestone in 2023, achieving its highest annual sales ever. The German automotive giant reported a total of 22,940 units sold, a remarkable 19% increase from the 19,263 units in 2022. This achievement encompasses sales across the BMW, MINI, and BMW Motorrad brands. Detailed […]
Edtech Firm ConveGenius Raises $7M in Funding Round
About the company ConveGenius, an edtech company that offers personalized and adaptive learning solutions, was founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, with a vision to democratize quality education for millions of learners in India and other emerging markets. The company leverages artificial intelligence, data science, and gamification to create personalized and engaging […]
FCI’s Upcoming Project: Construction of 3.4 MT Wheat Silos under PPP Mode in 18 Months
The Food Corporation of India (FCI) is planning to build wheat silos with a total capacity of 3.4 million tonnes (MT) across the country in the next 18 months, under the public private partnership (PPP) mode. This is part of a Rs 11,000-crore project to create modern storage infrastructure for wheat and reduce losses due […]
Pharma and Duty Relief Restoration: Key Topics at the India-US Trade Forum
India and the US are set to hold the 14th meeting of the Trade Policy Forum (TPF) on Friday, January 12, 2024, in New Delhi. The TPF is a bilateral dialogue mechanism to address trade issues and enhance cooperation between the two countries. The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal […]
Goa Embraces Regenerative Tourism: A New Model for Sustainable Travel
Goa, a popular tourist destination in India, has launched a new model of regenerative tourism, becoming the first state in the country to do so. Regenerative tourism is an innovative approach that aims to redefine travel by promoting environmental restoration, cultural preservation, and community empowerment. Ekadasha Teertha: A Spiritual Journey The model of regenerative tourism […]
Sitharaman Calls for IFSC to Prepare a Trading Platform for Green Credits
Finance Minister Nirmala Sitharaman on Thursday urged the International Financial Services Centre (IFSC) at GIFT City to develop a platform where green credits can be traded. She said this would help India meet its net zero commitment by 2070 and bridge the funding gap of USD 10.1 trillion. What are green credits? Green credits are […]
Hindustan Zinc’s #ZincCity Campaign: Weaving Udaipur into a Colorful Cultural Fabric
Introduction Udaipur, the ‘City of Lakes,’ is a jewel of Rajasthan that has enchanted the world with its rich history, vibrant culture, and breathtaking beauty. But there is more to Udaipur than meets the eye. The city is also home to Hindustan Zinc, a subsidiary arm of Vedanta and the world’s second-largest producer of Zinc, […]
RBI Governor Das on Crypto Regulations: ‘What Works for Other Markets May Not Suit Us
RBI Governor Shaktikanta Das has reiterated his stance on crypto regulations, saying that India will not follow the footsteps of other countries and will adopt a cautious approach that suits its own needs and interests. He was speaking at a BFSI summit organised by the publication Mint on Thursday. Crypto risks for emerging markets Das […]
Junglee Rummy’s Republic Day Series Elevates Thrill in World Rummy Tournament
Junglee Rummy, India’s Most Trusted Rummy Site®, is hosting the Republic Day Series, a grand finale qualifier for the World Rummy Tournament (WRT), with a whopping prize pool of ₹25 crore. The series, which started on 8th January and will end on 11th February 2024, is attracting rummy players from all over the country who […]