SIDBI takes various developmental and financial measures to facilitate greening of MSMEs

Bhubaneswar : Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs) has set up a dedicated vertical with an objective to increase the resilience of MSME sector to combat the climate change and with a view to facilitate greening…

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Invoid team joins Credenc, a Capital India group company, to build a student focused Neobank

Delhi: Credenc, a digital education loan platform for higher education today, announced that the team of digital KYC consultants, Invoid has joined Credenc, a Capital India group company. Through this partnership Credenc plans to build India’s first college student focused Neobank that will offer tailored products to the aspiring students. Capitalising on Invoid’s expertise, Credenc…

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Aditya Birla Fashion and Retail collaborates with Germany’s GIZ to boost circular economy in the country

Mumbai 2022: – Aditya Birla Fashion and Retail Limited (ABFRL), one of India’s leading fashion companies, announced that it has collaborated with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for implementing an India specific project to strengthen the textile and apparel industry for sustainable clothing. This unique initiative is part of the ‘develoPPP programme’ and…

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Reliance Industries signs MoU for investment of Rs 5.95 lakh crore in Green Energy & other projects in Gujarat

Ahmedabad: Reliance Industries Limited (RIL) signed MoU today with the Government of Gujarat for a total investment of Rs 5.955 lakh crore as part of Investment Promotion Activity for Vibrant Gujarat Summit 2022. These projects will create 10 lakh direct / indirect employment opportunities in the State. To make Gujarat net zero and carbon free,…

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Union Bank of India embraces Alternate Reference Rate replacing LIBOR

Mumbai: Union Bank of India (UBI) through its International Banking Division announced that it has started lending in Alternate Reference Rate (ARR) replacing London Inter-Bank Offered Rate (LIBOR) in line with regulatory requirement. With this, Union Bank of India is among the first few Banks in India to adopt ARR. LIBOR transition is one of…

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Airtel Payments Bank and Park+ collaborate to offer FASTag based smart parking solutions

Bhubaneswar: Adding to its growing range of digital payments and financial services solutions, Airtel Payments Bank, one of the leading FASTag issuers in India, today announced a collaboration with Park+ to offer FASTag based smart parking solutions to marquee commercial and residential properties across the country. Park+ is the market leader in automating parking spaces…

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Dunzo raises US$240M in a round led by Reliance Retail

Mumbai: Dunzo, India’s leading quick commerce player, has raised US$240M in its latest round of funding. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake on a fully diluted basis….

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nion Bank of India inaugurates automatic VAPT lab at Cyber Security Centre of Excellence in Hyderabad

Mumbai : Union Bank of India today, launched the Cyber Security Awareness Kit and inaugurated an automated VAPT (Vulnerability Assessment & Penetration Testing) lab at their Cyber Security Centre of Excellence in Hyderabad. The aim of this initiative is to create cyber security awareness among its staff members, customers and other stakeholders. The event was…

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nstitute of Chartered Accountants of India (ICAI) holds its 2nd day of Annual Convocation Ceremony in Kolkata

Kolkata:The Institute of Chartered Accountants of India (ICAI) holds its 2nd day of Annual Convocation Ceremony in Kolkata today. Chief Guest, CA Deepak Kumar Kedia, IPS, Guest of Honour, CA Rajendra Prashad Pansari, Sr. President, Essel Mining & Industries Ltd, CA.(Dr.) Debashis Mitra, Hon’ble Vice President, ICAI, CA. Sushil Kumar Goyal, Central Council Member and…

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