New Delhi, In a strategic move to strengthen its partnership, Punjab National Bank (PNB), nation’s leading public sector bank, has entered into a Memorandum of Understanding (MoU) with Tata Motors Finance Solutions Limited (TMFSL) for co-sourcing of Commercial Vehicles. The co-sourcing arrangement will provide simple and seamless financing solutions to fleet owners and commercial vehicle operators,…
Hyderabad, (UNI) Mercedes-Benz, pioneered the luxury car market in India, has invested 12 million Euros (INR 100 plus crore) in ‘made in India GLC’. Talking to reporters after launching the best selling SUV, the most advanced GLC here on Thursday, Mercedes-Benz India Managing Director and CEO Santosh Iyer, said that we have 13,000 plus happy…
Kolkata, (UNI) Axis Bank on Thursday announced the launch of two lending products powered by the Public Tech Platform for Frictionless Credit (PTPFC), introduced by the Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of the RBI. The RBI had earlier in the week announced the launch of the PTPFC, according to a media…
Mumbai, Aug 17 (UNI) Snapping a winning streak of last two sessions, the BSE sensex on Thursday dropped 388.40 pts to settle at 65,151.02 as selling was seen in Utilities, Power and Energy stocks tracking weakness in Asian peers on worries over China’s economy. Asian markets declined, dragged by concerns over China’s economy in the…
Bengaluru, Aug 17 (UNI) Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Thursday said India expects its digital economy to be more than 20 per cent of its total GDP by 2026. At present, India’s digital economy is 11 per cent of the total economy today, he added. “The digital economy in…
Kolkata, Aug 17 (UNI) Airtel Payments Bank, India’s only profitable multi-segment fintech operating at scale with a banking license, has delivered another quarter of strong performance. In a significant milestone, for the first time, the Bank’s quarterly revenue grew to INR 400 Cr for Q1’FY24, an increase of 41% YoY. For the Q1’FY24, the Bank’s…
Chennai, (UNI) Passenger car makers Hyundai Motor India Limited (HMIL) on Wednesday signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets of General Motors India (GMI)’s Talegaon Plant in Maharashtra, where HMIL, with phased investments, would commence its manufacturing operations in 2025. HMIL Managing Director and CEO Unsoo Kim and…
Bhubaneswar, (UNI) The SAIL has once again reaffirmed its commitment to national defense by supplying the entire 4000 Tonnes of Special Steel for India’s indigenous sixth frigate ship, “Vindhyagiri,”. The Special steel includes special rolled plates of the New Plate Mill of Rourkela Steel Plant. The ship is part of the Project P17A initiative undertaken…
New Delhi, Aug 16 (UNI) The Union Cabinet, chaired by Prime Minister Narendra Modi, approved PM e-Bus Sewa on Wednesday with an estimated cost of Rs 57,613 crore. Briefing the media on the Cabinet decision, Information and Broadcasting (I&B) Minister Anurag Thakur said that 10,000 new electric buses will be made available under PM e-Bus…
New Delhi, (UNI) Lauding Prime Minister Narendra Modi’s Independence Day speech, industry bodies CII and Assocham on Tuesday said they are confident of India becoming the third largest economy in the world in the coming five years. “With the building blocks of sustaining high growth in place, CII is confident that the Prime Minister’s vision…
