Business Current Affairs

Adani Transmission gets ‘green loan’ tag for $700-mn revolving facility

Adani Transmission Limited (ATL) has been tagged as ‘green loan’ by Sustainalytics for its USD 700 million revolving loan facility. ATL has also signed an energy compact goals as part of COP26 and the energy compact with the UN in November, 2021. This revolving facility project is being implemented in Gujarat and Maharashtra. Sustainalytics, provides analytical environmental, social and governance […]

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XPay.Life launches UPI services targeted at rural India

Fintech startup XPay.Life, which claims to be India’s first blockchain-enabled transaction framework, on Friday launched its UPI services targeted at rural India, as it completes three years of operations. it also claims to be India’s first blockchain-enabled transaction framework. XPay.Life aims to make financial facilities accessible for people in rural areas who need financial support

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Ather Energy partners SBI for customer retail finance

Ather Energy is partnering with SBI to provide financing options to interested buyers. The electric scooter maker plans to ease the process of purchase of EV two-wheeler for its buyers. Ather plans to use SBI’s massive reach in the country to provide wider financing options to its customers. As part of the association Ather Energy

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Suryoday SFB and Mobisafar Services partnered to provide banking services across India

Suryoday Small Finance Bank, one of India’s premier small finance banks, has established a cooperation with Mobisafar to provide banking services across India through all of Mobisafar’s franchises and Business Correspondent network. The cooperation aims to increase financial inclusion by providing vital banking services to underbanked customers digitally, even in the most distant corners of the country. Mobisafar‘s 1.38

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India’s digital payments market will be tripled to $10 trillion by 2026

According to the latest study which was conducted by digital payments firm PhonePe and Boston Consulting Group (BCG) states that India’s digital payment market is expected to more than triple to $10 trillion by 2026. Presently, 40% of all transactions in India are digital, and payments worth $3 trillion were processed by digital instruments in 2021. India’s UPI continues to grow, clocking $5.95

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MS Dhoni invests for Chennai drone company Garuda Aerospace

Former Indian cricket team captain MS Dhoni, has invested an undisclosed sum in Chennai based drone company, Garuda Aerospace. , India’s leading drone-as-a-service (DaaS) provider. He will also be the face and brand ambassador of the company. The investment is part of a bridge round, ahead of a $30-million Series A round, which the company is currently in the process of closing

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Tata Projects wins bid to build Jewar Airport

Tata projects will build the national capital region’s new airport at Jewar. It outbid the Shapoorji Pallinji Group and Larsen & Toubro for the contract. Tata Projects, the infrastructure and construction arm of the Tata group, will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at the Noida International Airport. The new airport is expected to be

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Premium rates of PMJJY and PMSBY revised from June 1

The Finance Ministry has approved hiking the premium rates of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). The premium rates have been revised by making it ₹1.25 per day premium for both schemes. Revised premium rate for PMJJBY is ₹436, earlier it was ₹330 and PMSBY hiked from ₹12 to ₹20. Government set a target to increase the

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Pharmaceuticals & Medical Devices Bureau of India crosses Rs 100 cr sales

Pharmaceuticals and Medical Devices Bureau of India (PMBI) has crossed 100 crore rupees sales May 2022. PMBI is the implementing agency of Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP). The central government has also set a target to increase the number of Jan Aushadhi Kendras to 10,000 by March 2024 with a view to provide quality medicines at an affordable rate.

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LIC Launches Savings Life Insurance Plan Bima Ratna

The Life Insurance Corporation of India (LIC), India’s largest insurer, has launched “Bima Ratna” – a non-linked, non-participating, individual, savings life insurance plan. The new plan, which is aimed at the domestic market, provides both protection and savings. Bima Ratna can be purchased through Corporate Agents, Insurance Marketing Firms (IMF), Brokers, CPSC-SPV, and POSP-LI employed by these intermediaries namely Corporate Agents,

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