PM Modi Unveils India’s First Underwater Metro in Kolkata
Prime Minister Narendra Modi on Wednesday unveiled multiple metro projects across the country, including India’s first underwater metro line in Kolkata. The 16.6-kilometre-long corridor will connect Howrah and Salt Lake, two of the most populous and important areas of the city. The project is expected to ease traffic congestion, enhance connectivity and boost economic activity […]
Airbus Partners with IIM Mumbai for Aviation Training
Airbus, the European aerospace giant, has signed a contract with the Indian Institute of Management Mumbai (IIM Mumbai) to provide aviation education to professionals and empower them with industry-ready skills through Airbus Beyond programmes. Airbus Beyond is an Airbus company that readies professionals for aerospace industry challenges. The programme offers courses in the areas of […]
Jio-bp and Hiranandani: A Partnership for EV Charging Infra
Jio-bp, the fuel retail joint venture of Reliance Industries and bp, has announced a partnership with House of Hiranandani to set up electric vehicle (EV) charging infrastructure at their properties across Mumbai, Hyderabad, Chennai, and Bengaluru . This is a strategic move to tap into the growing demand for EVs in India and to provide […]
JM Financial: ‘No Deficiencies in Loan Sanctioning’ Post RBI Curbs
JM Financial Products Ltd, a non-banking financial company (NBFC) and a subsidiary of JM Financial Group, has issued a statement claiming that there have been no material deficiencies in its loan sanctioning process, after the Reserve Bank of India (RBI) imposed restrictions on its financing activities on Tuesday. RBI curbs on JM Financial The RBI […]
Ambani-Disney Merger: Dominating India’s Streaming Scene
The Ambani-Disney merger is one of the biggest deals in the Indian entertainment industry, combining the forces of Asia’s richest man and the world’s largest media company. The deal, worth $8.5 billion, will merge Reliance’s Viacom18 with Disney’s Star India, creating a subsidiary that will have more than 120 channels and serve 750 million customers […]
IRDAI Considers Raising Policy Surrender Charges
The Insurance Regulatory and Development Authority of India (IRDAI) is planning to increase the surrender charges of life insurance policies, according to a draft product regulation issued in December 2023. The proposal has sparked a debate among the industry players and policyholders, as it could affect the profitability of life insurers and the liquidity of […]
Swiggy Expands Food Delivery to 4 Railway Stations
Swiggy, India’s leading online food delivery platform, has partnered with IRCTC to offer food delivery services to passengers at four railway stations – Bengaluru, Bhubaneswar, Vijayawada, and Visakhapatnam. This is the first phase of the collaboration, which is expected to extend to 59 more railway stations in the coming weeks. The food delivery service will […]
Tata Power Solar, Union Bank: Financing Solutions Revamped
Tata Power Solar Systems Limited (TPSSL), a leading solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has renewed and expanded its partnership with Union Bank of India (UBI) to offer easy and affordable financing solutions for residential customers, in line with the Government’s PM Surya Ghar Muft Bijli […]
Digital Gateway: New Govt Initiative for Farmer Finance
The government has launched an online digital gateway named “e-Upaja Kisaan Nidhi” to empower farmers with access to pledge finance against their harvested commodities. This initiative enables farmers to store their agricultural produce with the Warehousing Development and Regulatory Authority (WDRA) and secure post-harvest loans from banks. What is pledge finance? Pledge finance is a […]
IIFL Finance Gold Loans stopped by RBI Over Breaches
The Reserve Bank of India (RBI) has banned IIFL Finance Ltd. from sanctioning or disbursing new gold loans or assigning/securitising/selling any of its existing gold loans with immediate effect. The company can, however, continue to service its current gold loan portfolio through usual collection and recovery processes, the RBI said in a statement on Monday. […]