The theme for this year’s World Environment Day is “Time for nature”. This view of the UN shows that we have reached the tipping point regarding the way we view Mother Nature. It is the moment to act! In line with the theme, I am happy to share empirical statistics to showcase the Indian government’s work on environment conservation under ... Read More »
Advanced lead batteries gain traction in India Amara Raja Batteries Limited and Gridtential Energy Inc, the inventor of silicon Joule bipolar battery technology, announced that they have entered into an agreement to collaborate on bipolar battery technology. Under the technology evaluation agreement, Amara Raja Batteries and US-based Gridtential Energy will assemble and test silicon Joule bipolar reference batteries using the ... Read More »
Tens of thousands of Indians move to the United States to pursue higher education each year. But like many others who have arrived from a foreign land, they can’t secure education loans or personal loans from the banks at interest rates on par with those levied on local students. The reason why these students — or anyone else moving to ... Read More »
Ajeesh Achuthan | 28 Co-Founder and CTO, Open As a student at the University of Kerala, Ajeesh Achuthan had founded InLoc8, a location-based ad-tech startup that would help stores push offers and advertisements to consumers within a building or a shopping mall. “But that firm wasn’t scalable, and we eventually shut down,” he says.Soon after, he co-founded Zwitch, a payment ... Read More »
India’s largest lender and a pioneer in SME lending, State Bank of India (SBI) has taken yet another trendsetting step in this space by entering into a partnership with realme to cater to the inventory finance needs of the distributors and dealers of its brand realme – through SBI’s electronic lending product (e-DFS). With this MoU the dealers and distributors ... Read More »
Consumer durable lender Bajaj Finance on Wednesday reported a 52% year-on-year (y-o-y) rise in consolidated net profit of ₹1,614.11 crore, its highest-ever quarterly profit, on the back of healthy interest income. Bajaj Finance’s interest income surged 39% y-o-y to ₹6,104.84 crore in the December quarter of FY20. The other large component of its revenues was in the form of fees and commission ... Read More »
How do you keep up with technology change, given the exponential rate of tech advances today? It’s not easy and it’s not optional. Since technology underpins the competitive stance of most organizations, maintaining a working knowledge of current and emerging technologies is as important for IT leaders as building their soft skills or leadership abilities. To that end, we’ve pulled together a reading list ... Read More »
The finance ministry is considering tightening norms for high-value jewellery transactions, Business Standard reported. Linking the transactions with Aadhaar or another ID proof has been proposed, the report said. Officials prefer Aadhaar over PAN as ID proof, sources told the paper. Another suggestion is to bring gem and jewellery dealers under the purview of the Prevention of Money Laundering Act (PMLA), ... Read More »
The State Bank of India’s (SBI) recently-introduced loan offering – Residential Builder Finance with Buyer Guarantee – has been the centre of attention since its launch last week. As the name suggests, the assurance to prospective home-buyers on safeguarding their interests in case the project is abandoned is the scheme’s USP. However, this is not a different loan variant. Interest ... Read More »
More than 1,500 former students at two shuttered schools will get a fresh start on their finances after the U.S. Department of Education said it will void their student loans. The department will cancel approximately 4,000 loans for ex-students at the Art Institute of Colorado and the Illinois Institute of Art, amid scrutiny from a Congressional committee and a class-action ... Read More »
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