Veefin’s SmartFin: Yes Bank’s New Solution for Streamlining Supply Chain Finance Digitally
Yes Bank, one of the leading private sector banks in India, has launched SmartFin, an advanced digital platform for supply chain finance (SCF) in collaboration with Veefin Solutions, a fintech company that specializes in SCF solutions. The platform aims to support micro, small and medium enterprises (MSMEs) by providing them with easy access to working […]
Building a Safer Future: ‘Standardized Development and Building Regulations, 2023’ by Bureau of Indian Standards
The Bureau of Indian Standards (BIS) has issued a new document that aims to revolutionize India’s built environment. The document, titled ‘Standardized Development and Building Regulations, 2023’, is encapsulated in Special Publication SP 73: 2023. It sets forth a comprehensive framework for ensuring safety, accessibility and sustainability in construction, aligned with the National Building Code […]
India and Singapore Connect Through NPCI’s UPI-PayNow Linkage
Revolutionizing Cross-Border Transactions India and Singapore have taken a significant leap in financial technology by integrating their digital payment systems, UPI (Unified Payments Interface) and PayNow. This integration marks a major milestone in the evolution of international financial transactions, paving the way for a more connected global economy. The UPI-PayNow Linkage: A Game-Changer The linkage […]
New Development Bank Commits $700 Million to Accelerate India’s Sustainable Infrastructure Projects
Vladimir Kazbekov, the Vice President and Chief Operations Officer of the New Development Bank (NDB), recently completed a four-day visit to India with the aim of deepening partnership opportunities in various sectors of mutual interest. These sectors include renewable energy, transportation, water and sanitation, and social and digital infrastructure. During his visit, Mr. Kazbekov participated […]
Expanding Horizons: IIT Madras to Open a New Campus in Kandy, Sri Lanka
In a landmark move, the Indian Institute of Technology (IIT) Madras has announced its plans to open a new campus in Kandy, Sri Lanka. This is the second overseas campus of the premier engineering institute, after Tanzania, and a testament to the growing educational ties between India and Sri Lanka. Why Kandy? Kandy is a […]
SECI Awards Adani with Green Hydrogen Electrolyser Facility Project
Adani Enterprises, one of India’s largest conglomerates, has received a major order from the Solar Energy Corporation of India (SECI) to set up an electrolyser facility for green hydrogen production. The order is part of the government’s Production Linked Incentive (PLI) scheme for green hydrogen, which aims to boost domestic manufacturing and reduce dependence on […]
Preemptive Measures: Centre Files Caveats in High Courts Amid Fears of Stay Order on Sugar-Ethanol Ban
IntroductionThe central government has taken a preemptive measure to prevent any stay order on its recent ban on using sugar for ethanol production in the 2023-24 supply year. The government has filed caveats in the High Courts of Bombay and Karnataka, seeking to be heard before the courts pass any order on the petitions filed […]
Government to Directly Purchase from Over 300 Medical Device Manufacturers via GeM Portal
Introduction to GeM Portal The Government eMarketplace (GeM Portal), under the Commerce Ministry, serves as a significant public procurement platform. Recently, it established a groundbreaking memorandum of understanding (MoU) with the Association of Indian Manufacturers of Medical Devices (AiMeD). MoU Signing and Its Implications This MoU marks a pivotal step in transforming healthcare procurement in […]
TCPL’s Major Acquisition: Capital Foods and Organic India Jointly Valued at Rs 7,000 Cr”
Tata Consumer Products Ltd (TCPL), the Tata Group’s FMCG arm, has announced to acquire two companies – Capital Foods and Organic India – in separate deals that will expand its product portfolio and addressable market in fast-growing and high-margin categories. Capital Foods: A leading player in instant noodles and sauces Capital Foods is the owner […]
Quess Corp Inks Pact with Gujarat Technical University for Skill Development and Employment Generation
Introduction Quess Corp, a prominent business solutions provider in India, has recently signed a Memorandum of Understanding (MoU) with Gujarat Technical University (GTU), marking a significant step towards skill development and employment generation in the state. This collaboration aims to bridge the skill gap and create a talent pool ready to meet the growing industrial […]