Business - The Purbottar

19 Feb

Walmart Vriddhi empowers over 50,000 MSMEs to expand retail footprint nationwide

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Walmart announces that its supplier development initiative, Walmart Vriddhi, has exceeded its target, empowering over 50,000 Micro, Small, and Medium Enterprises (MSMEs) in just five years. Launched in December 2019, the program aims to bolster MSMEs through free training, mentorship, and digital tools, enabling them to integrate seamlessly into domestic supply chains. Partnering with Swasti, Walmart Vriddhi provides local suppliers with access to essential resources, including training in finance, marketing, workforce management, and environmental sustainability. Notably, the program leverages Flipkart's platform expertise, allowing MSMEs to tap into a consumer base of over 500 million across India. States such as Uttar…

19 Feb

India-Bangladesh river trade sets sail, IHC Pranay Verma flags off cargo ship

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In a historic milestone, trade via water routes commenced today between India and Bangladesh through the inauguration of river ports at Maiya, West Bengal, and Sultanganj, Bangladesh, along the Ganga river. High Commissioner of India to Bangladesh, Pranay Verma, alongside Bangladesh's Minister of State for Shipping, Khalid Mahmood Choudhury, jointly inaugurated the Sultanganj, Godagri Port of Call, marking the commencement of operations by flagging off a cargo ship from Sultanganj destined for India's river port at Maiya. Concurrently, India's Minister of State for Ports, Shipping, and Waterways, Shantanu Thakur, initiated the maiden cargo voyage from Maiya Inland Customs Port. This…

17 Feb

Spice Jet is doing business with around 45 airlines, Lack of money is burning Spice Jet!

Air transport company Spice Jet is suffering from financial crisis. It is alleged that the financially dilapidated company is not able to pay employees on time. According to insider news, Spice Jet is not able to deposit the employees' provident fund on time along with the salary. Many people think that this is the result of continuous losses. Even, many people fear that the number of flights of that company may decrease in the coming days. However, Spice Jet has clarified its position on the issue of employee salaries. They said most of the workers are being paid on time.…

17 Feb

RBI has given 15 days time to Paytm

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The Reserve Bank of India (RBI) has accused Paytm Payments Bank of irregularities. India's apex bank has informed that Paytm will no longer be able to provide banking services from February 29. But RBI extended that period for 15 days. RBI has issued a notification that customers can continue to deposit money or carry out credit transactions in Paytm Payments Bank account, wallet or Fastag till March 15. Said that the money deposited in Paytm Bank can be withdrawn by March 15. RBI has also directed to make arrangements so that customers can withdraw money from their Paytm bank accounts…

17 Feb

Tata Motors sign MoU with Bandhan Bank to offer attractive commercial vehicle financing solutions

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Tata Motors, India's largest commercial vehicle manufacturer, has partnered with Bandhan Bank to provide convenient financing solutions to its customers. Under this collaboration, Bandhan Bank will offer financing across the entire commercial vehicle portfolio and customers will benefit from the bank’s wide network and specially curated easy repayment plans. Tata Motors provides a wide variety of sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions. These vehicles vary in small commercial vehicles and pickup, truck, and bus segments. Commenting on this partnership, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, "Together,…

17 Feb

NSDC introduces Centre for Future Skills to skill youth in new-age technologies

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To impart outcome-driven and high-quality skill training to the youth and to make them catalysts in achieving the vision of Vikshit Bharat by 2047, National Skill Development Corporation (NSDC) in collaboration with Ethnotech Academic Solutions Pvt Ltd, Bengaluru, launched the Centre for Future Skills in Kalaburagi, Karnataka – a visionary platform that elevates the capabilities of the youth in future skills. Shri. Subhas Sarkar, Hon’ble Minister of State for Higher Education, Government of India and Shri. Umesh Jadhav, Hon’ble Member of Parliament were the Chief Guest for the event along with Shri. Ved Mani Tiwari, CEO, NSDC and MD, NSDC…

17 Feb

Toyota Hilux, in partnership with ISRL, brings excitement to the 2nd round of the Dirt Bike Race in Ahmedabad

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Toyota Kirloskar Motor (TKM) has partnered with the Indian Supercross Racing League (ISRL), marking the first franchise-based supercross racing league in India. The three-round season began with the first dirt bike racing in Pune in January 2024. Following this, the second leg of the ISRL season was held at Trans Stadia in Ahmedabadon Feb 11th, 2024. The partnership between TKM and ISRL continues to create unforgettable experiences, captivating audiences and setting new standards for motorsports and automobile enthusiasts in the country. The second league of ISRL was attended by Gujarat's Chief Minister, Shri. Bhupendra Patel Ji, along with Mr. Veer…

17 Feb

IBM and Mahindra Finance announced a strategic collaboration to build a Super App

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IBM and Mahindra Finance have announced a strategic partnership to create a super app that will serve as a single digital interface for consumers to access multiple Mahindra Finance businesses. Mahindra Finance is launching an app that provides 24x7 digital access to its various lending businesses, including personal loans, enterprise loans, mortgage loans, leasing solutions, payments, fixed deposits, insurance solutions, and investment & wealth management solutions. This will enhance Mahindra Finance's position as the financial solutions partner for emerging India. Speaking on the development, Raul Rebello, MD & CEO-Designate, Mahindra Finance said, “The super app is a strategic lever that…

17 Feb

Tata Motors in partnership with LeadIT to Accelerate Transition towards Net-Zero Emissions

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Tata Motors has partnered with the Leadership Group for Industry Transition (LeadIT), a global alliance formed by governments of Sweden and India at the UN Climate Action Summit in September 2019. As a member, Tata Motors will leverage global best practices, influence policy-making, and strengthen its climate action plans, accelerating its transition towards net-zero emissions. Tata Motors is embracing sustainability as a business transformation with significant progress in zero-emission products, renewable energy, circular economy, water neutrality and biodiversity. Tata Motors has installed 109 MW of renewable energy capacity and plans to add 300 MW in three years to become a…

17 Feb

Toyota Kirloskar Motor expands Tserv network to Andaman & Nicobar Islands

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Toyota Kirloskar Motor (TKM) has announced the inauguration of its 61st Tserv outlet in Swaraj Dweep [Havelock], Andaman and Nicobar Island, marking a significant milestone in its commitment to providing seamless car service experiences for its long-term customers. The event was graced by Toyota Leadership, including Mr. Masakazu Yoshimura, MD and CEO of TKM, Mr. Vikram Gulati, Country Head and Executive Vice President, and Mr. Arun G Nair, Project Vice President, among others. Tserv, grounded in Toyota's 'Customer-first' philosophy, aims to cater to Toyota customers who prefer independent multi-brand workshops during their vehicle ownership. Through this initiative, Toyota dealership Prince…