Plant is launched through it’s 100% subsidiary, Greaves Electric Mobility. Key points to note – Tamil Nadu is fast becoming the EV capital of India. After Ola, this is the 2nd large EV facility in the state. The current facility is spread across 35 acres and would be used both for domestic sales and exports. … Read more
A bill to prohibit all private cryptocurrencies in India, with certain exceptions to promote the underlying technology and its uses, is among 26 bills to be introduced in the upcoming winter session of Parliament. Titled ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’, it is among the list of new bills for introduction, … Read more
It’s an important piece of news (Link to the original news article). As per the news article, JioMart has been increasing it’s distribution play to local retailers (also known as kirana, mom and pop stores) primarily based on the lower pricing. Given the bulk buying by Reliance, traditional distributors are unable to match the pricing … Read more
In July 2021, Airtel was the first telecom company to raise tariffs after the Jio led bloodbath over the last 4-5 years. It had then raised tariffs for the post paid customers. The raise was significant and for some enterprise customers it was as high as 50%. Now Airtel has again taken the lead and … Read more
After the Promoter MD of Spandana Sphoorty Finance (SSF) stepped down due to the ongoing spat with Kedaara, the Company has announced two key hires from Bharat Financial (100% subsidiary of Indusind Bank), pioneer of the Indian micro finance sector. Shalabh Saxena as MD and CEO Ashish Damani as CFO It’s worth nothing here that … Read more
Whether you call it self realisation or market compulsions, Gautam Singhania (Chairman) announces what market wanted to hear – Raymond group will be reorganised in five core focus areas – textile, fmcg, real estate, education and engineering. All businesses will be managed by boards that will be made completely professional in the next 12 months. … Read more
The Reserve Bank of India (RBI) has cautioned members of the public not to deal with co-operative societies undertaking banking business by adding ‘bank’ to their names. “The Banking Regulation Act, 1949 was amended by the Banking Regulation (Amendment) Act, 2020, which came into force on September 29, 2020. Accordingly, co-operative societies cannot use the … Read more