Unity Small Finance Bank Names Inderjit Camotra As New MD and CEO
Unity Small Finance Bank Limited announced the appointment of a new managing director and chief executive officer on Friday. The bank names Inderjit Camotra for this significant role. Inderjit Camotra is a senior banker with over 25 years of experience across India’s banking sector. He held various leadership positions at Standard Chartered Bank, ANZ, and…
Monika Gola
Edtech Unicorn upGrad Raises $210 Million In Latest Funding
Edtech unicorn, upGrad, has raised $210 million in the latest funding round that has been conducted by prominent investors and family offices, including ETS Global, Bodhi Tree, Singapore’s Kaizen Management Advisors, Bharti Airtel, Narotam Sekhsaria Family Office, Lakshmi Mittal’s Artisan Investments, along with existing investors Temasek, IFC and IFL. upGrad was founded by Ronnie Screwvala…
Sheldon
Tata Motors Is Ready For Expansion With Acquisition Of Ford’s Gujarat Plant
Tata Motors agrees to acquire the Ford Motors Co. plant based in Gujarat. According to Tata Motors’ statement, the Indian automaker will pay 7.26 billion rupees ($92 million) for the deal, which includes land, building, and a vehicle manufacturing plant in Sanand, Gujarat and its machinery and equipment. “With our manufacturing capacity nearing saturation, this…
Suyashi Shukla
Government To Push Drone Industry With Expansion Of PLI Scheme
According to recent reports, the government is planning to increase the quantum of the PLI (production-linked incentives) scheme for drones and their components. “The quantum of the current PLI scheme is enough to boost the industry for the next few years, however, by the third year, a higher quantum will be needed as the industry’s…
Rishita Sharma
Fortune 500 List: LIC Got 98th Place, RIL Shifted To 104th
In the recent Fortune 500 list, LIC, Life Insurance Corporation, beat Reliance Industries. The nation’s biggest life insurance company, with $97.26 billion and a profit of $55.8 million, has got 98th place, while Reliance has shifted to 104th place from 51 on the 2022 list. This is the first time when LIC has made its…
Pelosi’s Visit To Taiwan: How It Put TSMC In Spotlight?
U.S. House Speaker Nancy Pelosi recently visited Taiwan. She may have left Taiwan but has cast a spotlight on the island’s critical role in the global chip supply chain and on the world’s biggest chipmaker TSMC (Taiwan Semiconductor Manufacturing Company). Pelosi’s visit is being called controversial because it angered Beijing to see Pelosi meet with…
Shipra Prajapati
Restaurants Raised Discounts To Fend Off Swiggy & Zomato
Large restaurants have increased discounts and promotional offers by 15-20% on their own apps to compete with aggregators like Swiggy and Zomato. This step is taken to reduce the steep commission and search optimisation fees being charged by the aggregators and lower the dependence on them, the industry executives said. India’s largest quick-service chain, Domino’s…
abhinav singh
Russia Is Cutting India’s Natural-gas Supply, What’s Next?
It is getting harder for India to source natural gas as Russia has slowed down the supply since the Ukraine invasion. Europe is drawing away much of the global natural gas supply to its shores. “Contrary to widespread alarmism over the adverse impact of the Russia-Ukraine war on global commodity prices, the importance of commodity…
Will The New CEO, Campbell Wilson Revive The Air India?
As Air India’s CEO and managing director Campbell Wilson has recently got clearance from the government, he can now go tooth and nail to regain the prestige of the once reputed airline. Wilson was the former head of Scoot, the low-cost unit of Singapore Airlines. Wilson joined Singapore Airlines in 1996 and worked for 26…
List Of India’s Richest Women- Roshini N Malhotra Is Leading Again
Hurun India, in association with Kotak Private Banking, published a wealthy women’s list. Based on net worth as of December 31, 2021, this annual list of India’s wealthiest women entrepreneurs and business leaders. The list functions as a barometer to understand the progress of women-led wealth creation in India. The collective worth of these 100…