Bengaluru, 2023: PhonePe, today announced that it has gone live with the UPI LITE feature on its app. The feature allows users to initiate low-value payments under Rs. 200, with a single tap from their UPI LITE account without entering a PIN. The transaction is processed directly by debiting the on-device UPI LITE balance without involving the customers’ banks’ (remitter bank) core banking systems in…
Punjab and Sind Bank records highest ever Net Profit of Rs.1313 Cr (FY) against a Net Profit of Rs.1039 Cr (Y-o-Y)
Q4 FY 2023 Key Highlights (Y-o-Y) Parameter Q4 FY 2022 Q4 FY 2023 Growth % Operating Profit (in Cr) 317 536 69.09 Net Profit (in Cr) 346 457 32.08 Return on Assets (RoA) 1.10 1.33 23 bps Return on Equity (RoE) 25.84 28.43 259 bps Yield on Advances (YoA) 7.13 7.85 72 bps Cost-to-Income Ratio 65.19 56.45 (874) bps Non-Interest Income (in Cr) 215 547 154.42 Total Business (in Cr) 172524 190647 10.50 Credit-Deposit Ratio 68.91 73.84 493 bps…
YC-Backed Ed-Tech Startup Oneistox rebrands itself as Novatr; Projects 12X Revenue Growth in FY24
Delhi,3rd May 2023: Oneistox, a homegrown ed-tech startup transforming the AEC (Architecture, Engineering, and Construction) industry, has rebranded itself as Novatr. The strategic move is in line with their vision to fill the innovation gap in AEC by honing the power of human potential and building tech-first skills. The hyper-growing ed-tech platform founded in 2021 by Harkunwar Singh along with his co-founders Vipanchi Handa, Mehul…
Brillio Acquires CloudStratex, a Leading UK-Based Cloud Infrastructure Advisory Services Company
INDIA — May 2, 2023 — Brillio today announced that it has entered into an agreement to acquire CloudStratex, a London-headquartered advisory services company that helps clients build smarter, more agile, and efficient cloud infrastructure to accelerate digital transformation. This acquisition will enhance Brillio’s presence in the UK and Europe, strengthen Brillio’s consultative client engagement model, and expand its offerings for banking, financial services, and…
Delhi pips Mumbai as most forgetful city; Broom, TV, Commode among unique items left behind in Ubers
Mumbai, May 3, 2023: Uber today released the 2023 edition of its Lost and Found Index, a snapshot of the most frequently forgotten items, the most forgetful cities, as well as the days of the week and times of the year when Uber riders tend to be most forgetful. Delhi bagged the title of the most forgetful city in the country, ending Mumbai’s two-year run…
SMAAASH appoints Avanish Agarwal as Consulting CMO to drive growth agenda and brand strategy
Mumbai, 3rd May 2023: Smaaash (Fun Gateway Arena Pvt. Ltd), the leading sports and entertainment company, has announced the appointment of Avanish Agarwal as its Consulting Chief Marketing Officer (CMO). With over 12 years of experience in the food-tech industry and a background in F&B, Avanish brings a wealth of knowledge and expertise to his new role. Avanish’s last stint was at Nisa Experience- EKAA…
LinkedIn Top Companies 2023: Vitesco Technologies is one of the most attractive employers in India
New Delhi, May 03, 2023: According to the social business network LinkedIn, Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility was awarded the LinkedIn Top Companies 2023 ranking – three times in its first go as a stand-alone company: in France, India and the United States. That means: The company with around 38,000 employees worldwide is one of…
Suzlon secures second order for their 3 MW series turbines from Juniper Green Energy Private Limited of 69.3 MW
May 3, 2023: New Delhi, India: Suzlon Group, India’s largest renewable energy solutions provider, today announced the second order of the 3 MW product series for the development of a 69.3 MW wind power project for Juniper Green Energy Private Limited. Suzlon will install 22 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower of their new product with a rated capacity of…
Amaha launches first 3 mental health centres in Delhi NCR, Mumbai & Bengaluru
India, 3.5.2023: Amaha (formerly known as InnerHour) was founded in 2016 by renowned psychiatrist and healthcare entrepreneur Dr Amit Malik, with a vision of making quality mental healthcare accessible to anyone who is dealing with a mental health difficulty. In 2019, social entrepreneur and global mental health ambassador Neha Kirpal joined him as Co-founder. In a country with already over 200 million people suffering from…
Typsy Beauty Launches New Kiosk at Promenade Mall
Typsy Beauty is pleased to announce its newest kiosk at Promenade Mall. The kiosk is fully stocked with the brand’s conceptual, high quality & multi-functional product offerings, paired with beauty experts trained to enrich the customer’s buying experience. Located on the ground floor, the new Typsy Beauty kiosk features a variety of high-quality products, including makeup and beauty tools. Customers can expect to find popular…