Business

28 Jan

Utkarsh Small Finance Bank marks 8th anniversary with nationwide expansion, including first outlet in Sikkim

Business BureauBusiness

Utkarsh Small Finance Bank Limited is celebrating its 8th anniversary by marking a significant milestone in its expansion journey. The bank, which has steadily grown its presence since its inception in 2017, is now launching 15 new banking outlets across India, including its first-ever outlet in Sikkim, located in Gangtok. This expansion brings Utkarsh Small Finance Bank’s total network to 1043 banking outlets across 27 states and union territories, strengthening its mission to provide financial services to underserved communities. “We are proud to witness our growth into one of the leading small finance banks in the country,” said Mr. Govind…

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28 Jan

HaveUs AeroTech acquires land in Kolkata for major MRO expansion

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On the occasion of Netaji Subhash Chandra Bose's birth anniversary, HaveUs AeroTech announced the acquisition of a 2-acre land parcel in Barrackpore, Kolkata, to establish a Maintenance, Repair, and Overhaul (MRO) facility. The first phase will include a 10,000-square-foot facility with capabilities in wheel and brake systems, avionics, and lifesaving equipment. Located just 11.5 kilometers from Netaji Subhash Chandra Bose International Airport, the facility aims to serve airlines and MROs efficiently, benefiting from strategic logistics proximity. The remaining land will be utilized later for advanced component repairs, including Radomes, Auxiliary Power Units (APUs), and landing gears. In Kolkata, the initiative…

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28 Jan

Mahindra Truck and Bus brings innovation to Assam with Lakhimpur dealership

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Mahindra’s Truck and Bus Division (MTBD) has opened a cutting-edge dealership in Lakhimpur, Assam, following a 46% CAGR volume growth over the past three years. The facility features four service bays, capable of servicing over ten vehicles daily, and offers driver lodging, 24-hour breakdown assistance, and AdBlue—an additive that enhances diesel engine performance by reducing emissions. Dr. Venkat Srinivas, Business Head of MTBD, highlighted the division's No. 3 position in the Indian commercial vehicle market and discussed the launch of new dealerships and vehicle ranges like BLAZO X, FURIO, and CRUZIO. These models boast a "Best-in-Class Mileage Guarantee" and a…

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28 Jan

Godrej Agrovet launches ArgoRid, a game-changer for fish health management

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Godrej Agrovet Limited (Godrej Agrovet), in collaboration with ICAR-CIFE, has introduced ArgoRid, a revolutionary fish lice controller. The product is designed to heal lesions caused by parasitic attachments (Argulus spots) and boost fish immunity, empowering aqua farmers with a comprehensive solution to a longstanding challenge. Argulus infections impact nearly 48% of Indian aquaculture ponds, leading to an annual loss of $62.5 million. ArgoRid's easy-to-use formulation allows seamless integration into feeding practices, benefiting both small-scale and large commercial fish farmers. Balram Singh Yadav, Managing Director, Godrej Agrovet, emphasized, “This launch aligns with our commitment to sustainability and farmer empowerment, contributing significantly…

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28 Jan

ICICI Bank shares rose 2% on strong third quarter earnings

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New Delhi, Jan 27 (PTI) ICICI Bank shares rose over 2 per cent in early trade on Monday after the private sector bank reported a 15 per cent rise in standalone net profit to Rs 11,792 crore for the quarter ended December, driven by a rise in core income. The company's shares rose 2.09 per cent to Rs 1,234.50 on the National Stock Exchange (NSE). On the BSE, it rose 2.03 per cent to Rs 1,234 per share. Markets were trading in the negative zone. In early trade, the 30-share BSE Sensex fell 694.95 points, or 0.91 per cent, to…

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27 Jan

India to launch AI-powered skill assistant with Meta’s support

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India is set to revolutionize its skill development ecosystem with the launch of the Skill India Assistant (SIA), an advanced AI solution powered by Meta's open-source Llama model. The announcement was made by Union Minister of State for Skill Development and Entrepreneurship, Shri Jayant Chaudhary, during a meeting with Nick Clegg, President of Global Affairs at Meta, at the World Economic Forum in Davos. SIA, to be integrated with the Skill India Digital Hub, aims to provide personalized learning experiences to millions of Indian youth. The AI assistant will offer tailored recommendations on skilling courses, training resources, and career development…

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27 Jan

NSDC, NAS College join hands to skill youth in Meerut

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NSDC and Nanak Chand Anglo Sanskrit College have signed an MoU to establish a skill development center in Meerut, aiming to enhance employability and provide industry-relevant training to students, particularly from rural areas.The partnership seeks to bridge the gap between education and employment by equipping students with in-demand skills in sectors like BFSI and Tourism & Hospitality. The center will feature a high-end skill lab and offer industry-recognized certifications, making students more competitive in the job market.While this news specifically pertains to Meerut, it highlights a crucial aspect of skill development across India, including Guwahati. In a rapidly evolving job…

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27 Jan

Tata Soulfull brings wholesome snacks to Mahakumbh Mela

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Tata Soulfull, a leading brand of healthy and delicious snacks, is participating in the Mahakumbh Mela, offering a range of wholesome and nutritious options to the millions of devotees attending the grand spiritual gathering."At Tata Soulfull, we are committed to bringing wholesome and delicious options to consumers across India," said Prashant Parameswaran, President, Soulfull at Tata Consumer Products.  "Our participation in the Mahakumbh Mela is a reflection of this commitment, as we aim to cater to the diverse needs of the millions of devotees and families attending this grand spiritual gathering."Visitors to the Mela can enjoy Tata Soulfull's nourishing Hot…

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27 Jan

Utkarsh Small Finance Bank expands to Sikkim, opens first outlet in Gangtok

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Utkarsh Small Finance Bank Limited (Utkarsh SFBL) has officially entered the Sikkim market with the inauguration of its first banking outlet in Gangtok. This strategic move marks the bank's 1043rd outlet across India, solidifying its commitment to financial inclusion and expanding its reach to new regions. The opening of this outlet in Gangtok holds significant importance for the bank. "The inauguration of our first banking outlet in Gangtok is a landmark moment in our journey towards broadening financial access in Sikkim," stated Mr. Govind Singh, MD & CEO of Utkarsh SFBL. He emphasized the bank's aim to contribute to the…

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27 Jan

LIC Mutual Fund launches multi asset allocation fund for diversified investment strategy

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LIC Mutual Fund has launched its new scheme, the LIC MF Multi Asset Allocation Fund, aiming to offer investors a diversified investment option across equity, debt, and gold. The open-ended fund will be available for subscription through a New Fund Offer (NFO) from January 24 to February 7, 2025. The primary objective of the scheme is to generate long-term capital appreciation by investing in a mix of equity and equity-related instruments, debt and money market instruments, and units of gold Exchange Traded Funds (ETFs). The benchmark for the scheme combines 65% Nifty 500 TRI, 25% Nifty Composite Debt Index, and…

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