SIDBI net profit up 3.6% in FY 2021 compared with FY 2020

Bhubaneswar : In the 23rd Annual General Meeting of Small Industries Development Bank of India (SIDBI), an all India Development Financial Institution, engaged in creating an integrated credit and development support ecosystem for Indian Micro, Small and Medium Enterprises (MSME),  the financial results for the year ended March 31, 2021 were declared. Shri Sivasubramanian Ramann,…

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RELIANCE RETAIL VENTURES ACQUIRES 40.95% STAKE IN JUST DIAL LIMITED FOR Rs 3,497 CRORES

Mumbai: Reliance Retail Ventures Limited has announced acquisition of controlling stake in Just Dial Limited for a total consideration of Rs 3,497 crores. Reliance Retail Ventures Limited to hold 40.95% and would make an open offer to acquire upto 26.0% in accordance with takeover regulations. Reliance Retail Ventures Limited (“RRVL”), Just Dial Limited (“Just Dial”)…

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Odisha CM sanctioned Rs 385cr COVID-19 Assistance For 26 Lakh Construction Workers

Bhubaneswar: Odisha Chief Minister Naveen Patnaik released Rs. 385 crores as a COVID – 19 assistance for the 26 lakh construction workers in the State. According to an official press release of the Government , every construction worker will get an assistance of Rs 1,500 under this scheme. Likewise, the state government had provided an…

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Odisha extends partial lockdown till August 1

Bhubaneswar: Odisha extends partial lockdown till August 1. Shops and commercial establishments to remain open from 6 am to 8 pm in 20 Category A districts (Sundargarh, Jharsuguda, Bargarh, Sambalpur, Deogarh, Kalahandi, Balangir, Nuapada, Sonepur, Ganjam, Gajapati, Kandhamal, Boudh, Koraput, Nabarangpur, Malkangiri, Rayagada, Angul, Dhenkanal and Keonjhar). Night curfew in these districts will be from…

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BJP louded over the electricity tariff and frequent power cuts

Bhubaneswar: BJP in Odisha is conducting a week long protest against the electricity tariff hike and frequent power cuts in the state. The saffron party starts the protest from 14th July till 20th July informed the party president Samir Mohanty on Tuesday. The BJP party workers are holding the protest in front of all the…

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Union Bank of India launches Digital Vertical at BKC, Mumbai

Mumbai : Union Bank of India, today, launched a Digital Vertical at Naman Centre, BKC, Mumbai to drive development of various Digital Banking Products, Fintech Partnerships & Digital Marketing. The vertical has been setup to strengthen the bank’s digital footprint in the BFSI space with an aspiration to create a ‘Digital Bank within Bank’ by…

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PPBL emerges as a success story of the banking model, registers profit for the 2nd consecutive year

New Delhi : Paytm Payments Bank Limited (PPBL), which is India’s largest profitable payments bank has today announced that its profit in FY ’20 has increased to Rs. 29.8 crores PAT, up from Rs. 19.2 crores in FY ’19. This has been largely led by its higher customer acquisition in smaller cities & towns to…

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Business Correspondents Federation of India appeals for financial support

New Delhi : The Business Correspondents Federation of India organized a round table to discuss the contribution of the Business Correspondents during the lockdown and the role played in providing cash to the rural regions. The round table was attended by Sub-K, FIA global, Nearby, Fino Payment Banks, Oxigen, and SaGgraha.  Business correspondents are playing…

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Paytm Travel sees 60,000 flight & train bookings as citizens head back home in lockdown 4.0

  New Delhi : India’s horizontal travel major that has been a pioneer in launching innovative features for flight, bus and train travellers, Paytm Travel today announced that over 60,000 fight and train tickets have been booked in the last one week post the easing of lockdown travel norms. According to the travel major, most of…

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