Airtel Payments Bank Unveils NCMC Debit, Prepaid Cards
Airtel Payments Bank is revolutionizing financial management with the introduction of innovative NCMC (National Common Mobility Cards)-enabled debit and prepaid cards. This initiative, launched in collaboration with the National Payments Corporation of India (NPCI), offers a comprehensive solution that merges traditional debit/prepaid functionalities with the advantages of NCMC technology. Unifying Transactions and Simplifying Travel Say […]
RBI Introduces New ARC Guidelines Effective April 24, 2024
The Reserve Bank of India (RBI) has ushered in a new era for Asset Reconstruction Companies (ARCs) in India. Effective April 24, 2024, a comprehensive set of guidelines aims to strengthen the regulatory oversight of ARCs, enhance their financial stability, and ultimately, improve their effectiveness in tackling the challenge of non-performing assets (NPAs) in the […]
Ramkrishna Forgings Wins ₹270 Crore Vande Bharat Train Order
Ramkrishna Forgings Ltd. (RKFL), a leading manufacturer of rolled, forged, and machined products, has secured a game-changing ₹270 crore order for the prestigious Vande Bharat train project. This landmark deal not only propels RKFL to the forefront of India’s high-speed rail development but also significantly bolsters the government’s “Make in India” initiative. Gearing Up for […]
Vodafone Idea’s 5G Plan Post Rs 18,000 Crore FPO
Vodafone Idea (Vi) is aiming to join the Indian 5G party. The telecom operator has set an ambitious target of launching 5G services in select cities within 6-9 months of successfully completing its ongoing Rs 18,000 crore Further Public Offering (FPO). This move comes as rivals Bharti Airtel and Reliance Jio have already begun offering […]
GAIL to Double Capacity at Dabhol LNG Terminal
India’s natural gas sector is experiencing a boom, and GAIL (India) Limited, the country’s leading gas marketing and transportation company, is taking a leading role in ensuring sufficient infrastructure to handle the surge. To address this growing demand, GAIL has announced a substantial expansion project for its liquefied natural gas (LNG) terminal located at Dabhol […]
Varthana Secures $10M Debt from BlueOrchard Finance
Varthana Finance, a non-banking financial company (NBFC) on a mission to bridge the affordability gap in education, has secured a significant debt financing round of $10 million from BlueOrchard Finance. This strategic injection of capital will act as a springboard for Varthana’s growth trajectory, allowing them to amplify their reach and empower a wider network […]
Jio, Blackrock Launch Wealth & Brokerage JV
Continuing their strategic partnership in the Indian financial sector, Jio Financial Services, a subsidiary of Reliance Industries, and BlackRock, the world’s largest asset manager, have announced a new joint venture (JV) to establish wealth management and broking businesses in India. This move signifies Jio’s ambition to transform itself into a comprehensive financial services powerhouse, while […]
Limited Offer: Rs 150 Base Airfare for 50-Minute Flight
Fasten your seatbelts, budget travelers! The skies are opening up for affordable adventures like never before. India’s innovative Regional Connectivity Scheme (RCS), launched in 2016, is making regional air travel more accessible than ever. This government initiative incentivizes airlines to operate on specific routes, bringing down base fares and connecting previously under-served cities. The ₹150 […]
India Launches Rupee-Kyat Payment for Myanmar Pulses
Indian consumers and businesses dependent on pulses, a crucial source of protein in the national diet, can finally exhale. April 2024 marked a turning point for pulse trade with the introduction of a direct Rupee-Kyat payment system. This initiative eliminates the previously cumbersome process of navigating multiple currency conversions, a burden that often translated to […]
Varun Beverages: Carbonated Drink Production in Gorakhpur
Gorakhpur, Uttar Pradesh – April 14, 2024 – Varun Beverages, the leading bottler of PepsiCo beverages outside the US, marks a significant stride forward with the inauguration of commercial production at its brand new ₹1,100 crore facility in Gorakhpur, Uttar Pradesh. This strategic move strengthens Varun’s foothold in North India, allowing them to cater to […]