Business

In a surprise move. The Union government on Thursday. Partially relaxed the indefinite ban on union export again. Paving the wave for the for the immediate. Export off. 2000 tonnes of white onions. Primary grown in Gujarat. From 3 designated ports. A notification issued by the Directorate General of Foreign Trades (DGFT)  said that exports on white onions would be permitted only after Gujarat’s horticulture Commissioner certifies the item and quantity being exported. Exports of up to an aggregate quantity…

IndusInd Bank reported a robust performance, with its consolidated profit surging by 14.96% to Rs 2,349.15 crore in the March quarter compared to the previous year. Net interest income (NII) saw a substantial increase of 15% YoY to Rs 5,376 crore, although net interest margin (NIM) experienced a slight decline to 4.26% from the previous year. Other income also exhibited a significant growth, standing at Rs 2,508 crore, up by 16% YoY. The bank noted a healthy expansion in its…

Mumbai – Ola Cabs, a prominent player in India’s ride-hailing industry and backed by SoftBank, is gearing up for an initial public offering (IPO) aimed at raising $500 million. With its sights set on a company valuation of approximately $5 billion, Ola intends to submit the necessary paperwork for regulatory approval within the next three months, according to sources familiar with the matter. Ola declined to comment. Ola Cabs is currently in discussions with prominent investment banks, including Goldman Sachs,…

Raising funds for early-stage startups requires a strategic approach. Start by developing a solid business plan that outlines your vision, target market, unique value proposition, and revenue model. Seek initial funding from personal savings or friends and family, while also exploring other potential sources such as grants or crowdfunding. Here are the top 5 tips to raise funds for early-stage startups: Refine Your Value Proposition Clearly articulate the unique value proposition of your startup. Investors want to see a compelling…

HDFC Life Insurance announced that Deepak Parekh has stepped down from his roles as chairman and non-executive director. This decision came into effect on April 18, 2024. In his place, Keki M Mistry has been appointed as the new chairman of the board, with unanimous approval from the company’s board members. However, Mistry’s appointment is subject to the Insurance Regulatory and Development Authority’s approval. Keki M Mistry, aged 69, brings a wealth of financial expertise to his new role, having…

25 years ago, the Adani Group developed its first port at Mundra in Gujarat – marking the beginning of a historical journey, not only for the group but also for the India’s international maritime trade. Today, Adani Ports and Special Economic Zone Limited (APSEZ), a part of the globally diversified Adani Group, has evolved from a port company to an Integrated Transport Utility providing end-to-end solution from port gate to customer gate. APSEZ is the largest port developer and operator…

An infrastructural marvel, the mega port at Mundra is a major economic gateway that caters to the northern hinterland of India with multimodal connectivity. The deep draft, all-weather port is the largest commercial port in India with state-of-the-art infrastructure, Largest Coal Import Terminal which gives faster cargo evacuation and minimal turnaround time.With deep draft berths and multipurpose terminals, the port efficiently handles the largest bulk carriers in the world. The port has covered and open storage areas with enormous capacity.…

*Designed to address payment failures that bother Indian enterprises as UPI-driven transactions rise manifold. *A large business conglomerate to explore PHOR for optimising paymenttransactions across its financial services business. *PHOR will optimize transactions and payment operations across online, point-of-sale and doorstep transactions, which is India’s first. Mumbai, 18 April 2024: Payment aggregator and gateway company PhiCommercehas launched India’s first and most comprehensive omnichannel paymentorchestrator – PHOR. This innovative tool will optimize payment process forenterprises across online, doorstep and point-of-sale transactions,…

Mumbai, 18 April 2024: Payment aggregator and gateway company PhiCommerce has launched India’s first and most comprehensive omnichannel payment orchestrator – PHOR. This innovative tool will optimize payment process for enterprises across online, doorstep and point-of-sale transactions, reducing failure rates, lower transaction costs and even offer flexible payment options to customers. This goes one step ahead of other orchestration solutions in India that are only focused on online transactions.  The global economy loses more than $118 billion annually due to…

London : Today, the Science Museum in London, UK, opens Energy Revolution: The Adani Green Energy Gallery, a major new free gallery which explores how the world can  generate and use energy more sustainably to urgently decarbonise to limit dangerous climate change. Through striking displays of contemporary and historic objects from the UK and abroad, interactive digital exhibits, and specially commissioned models, the gallery shows how the past, present and future are shaped by human imagination and innovation and explores…