BUSINESS

31 Mar

RBI Mulls To Set Up Digital India Trust Agency To Check Illegal Lending Apps

Business CorrespondentBUSINESS

As part of its efforts to curb increasing cyber fraud, the Reserve Bank of India(RBI) is considering establishing a Digital India Trust Agency (DIGITA) to control the growing of illegal lending apps. The proposed agency will enable verification of digital lending apps and keep a record of public register of verified apps, sources said. Apps not carrying the 'verified' signature of DIGITA will be considered unauthorised for the purpose of law enforcement, sources said, adding that this will serve as a important checkpoint in the fight against cyber crimes in the digital realm. DIGITA, once established, would be entrusted with…

29 Mar

HDFC Bank, in partnership with Guwahati Municipal Corporation

Business CorrespondentBUSINESS

HDFC Bank, in partnership with Guwahati Municipal Corporation (GMC) and Centre for Environment Education (CEE) inaugurated Material Recovery Facility (MRF) at Adabari, Guwahati, Assam. One of the main components of the project is the creation of a Swachh Centre - Material Recovery Facility (MRF) at the Guwahati Municipal Corporation (GMC) site in ITI, Machkhowa. This MRF will make use of advanced technology to sort waste more effectively and recover valuable resources from mixed waste streams, thus promoting sustainable waste management practices in the city. An MRF optimises waste sorting to maximise resource recovery. It employs advanced technology to extract value…

28 Mar

Adani family infuses Rs 6,661 cr in Ambuja Cements, raises stake to 66.7%

Business CorrespondentBUSINESS

Gautam Adani's family has invested Rs 6,661 crore in Ambuja Cements in order to raise their stake in the company by 3.6% to attain 66.7% holding. This follows the investment of Rs 5,000 crore invested by the promoter of the company for exercising the warrants issuance approved by the board of the Company in October 2022. "This strategic move underscores unwavering commitment to have robust capital management philosophy for the portfolio companies and the latest investment testifies the commitment by Adani family to boost future prospects and potential of cement vertical," Ambuja Cements said in a regulatory filing. "The additional…

28 Mar

Audi India expands retail presence – inaugurates new Audi Approved: plus facility in Guwahati

Business CorrespondentBUSINESS

Audi, the German luxury car manufacturer, today inaugurated a new pre-owned car facility, Audi Approved: plus in Guwahati, Assam. Situated at Balughat, Jayanagar Tripura Road, Guwahati-781028, the inauguration of Audi Approved: plus in Guwahati signifies an addition to Audi India's retail presence, now harbouring a total of 26 such pre-owned car facilities in India. Mr. Balbir Singh Dhillon, Head of Audi India said, “Audi Approved: plus witnessed a growth of 62% in 2023. We continue to expand our retail business amidst growing demand for luxury cars in the country and are confident of continued growth this year. The inauguration of…

25 Mar

Actor Hrithik Roshan to continue as brand ambassador for Clear Premium Water

Business CorrespondentBUSINESS

Clear Premium Water has completed one year in partnership with actor Hrithik Roshan as its brand ambassador. The partnership has seen success and is assured to soar through 2024, extending to 2025. Hrithik Roshan has been an integral part of Clear Water's mission to provide safe and clean drinking water to all. "Our partnership with Hrithik Roshan has played a crucial role in establishing CLEAR as the preferred choice nationwide. With his endorsement, we have garnered trust among the masses and expanded our reach significantly. Moving forward, our ongoing collaboration with him will further bolster our position as a trusted…

24 Mar

Amul takes ‘Taste of India’ to US with launch of its fresh milk range

Business CorrespondentBUSINESS

India's largest dairy brand Amul is set to introduce its renowned "fresh milk" range to consumers in the United States for the first time in the history. The decision was taken at the 108th annual general meeting of the Michigan Milk Producers Association. The Gujarat Cooperative Milk Marketing Federation (GCMMF), the apex body representing milk cooperatives in Gujarat and the marketer of Amul products, has forged a strategic partnership with the Michigan Milk Producers Association to introduce fresh milk offerings across the East Coast and Midwest regions of the US. "This marks a significant milestone for Amul as we embark…

22 Mar

GNRC Raises Awareness and Advocates for Preventive Measures on World Head Injury Awareness Day

Business CorrespondentBUSINESS

GNRC, the leading super-speciality hospital in North East India, commemorated World Head Injury Awareness Day today with a firm commitment to increasing awareness about head injuries and advocating for preventive measures. This occasion serves as a poignant reminder of the imperative to educate the public on mitigating the risks associated with head injuries, highlighting the pivotal role of safety devices such as seat belts and helmets in averting potential brain damage during accidents. In a statement welcoming the press and citing the significance of the day, Dr. Navanil Barua, Director of the Department of Neurosurgery at GNRC Hospitals, underscored the…

20 Mar

RBI directs banks to keep its branches dealing in govt business to remain open on Mar 31

Business CorrespondentBUSINESS

The Government of India has requested all agency banks to keep their branches dealing with government receipts and payments open for transactions on March 31 that is Sunday. The move aims to facilitate the timely processing of government receipts and payments, contributing to the efficient management of public finances as the fiscal year draws to a close. As per the Reserve bank of India, this move comes with the aim of ensuring that all government transactions related to receipts and payments for the fiscal year 2023-24 are accounted for within the stipulated timeframe. “The Government of India has made a…

20 Mar

Widex India Launches Premier Hearing Experience Centre in Assam: Pioneering Accessible, Superior Auditory Care in Northeast India.

Business CorrespondentBUSINESS

Widex, a distinguished brand within the WS Audiology group and one of the leaders in hearing aid innovation, celebrates a significant milestone with the launch of its 1st Sound Center in Guwahati, Assam. This milestone underscores Widex’s pivotal role in revolutionizing hearing care in one of India's culturally diverse yet secluded Northeastern states. Mr. Avinash Pawar, CEO of WS Audiology India, emphasized the profound impact of the new center's inauguration. “Opening our doors in Guwahati is far more than expanding our network; it's a testament to our deep commitment to enhancing auditory health worldwide and especially within India's dynamic landscape.”…

20 Mar

Mastercard Centre for Inclusive Growth, successfully organized the “FPO Summit on ACCESS TO FINANCE AND MARKET

Business CorrespondentBUSINESS

ACCESS Development Services, under its CSR Programme named MANDI (Mainstreaming Agriculture through Networks and Development Initiatives), funded by the Mastercard Centre for Inclusive Growth, successfully organized the "FPO Summit on ACCESS TO FINANCE AND MARKET." The event took place on March 19th, 2024, at the prestigious Don Bosco Institute of Management, Joypur, Kharghuli Hills, Guwahati. The summit aimed to connect 30 Farmer Producer Companies (FPCs) from Assam and the North East with Financial Institutions and Key Market players, fostering growth and collaboration in the agricultural sector. This platform provided FPOs with the opportunity to interact with ecosystem players, explore avenues…