SPIRIT OF MUMBAI

30th November 2023, Mumbai: Federal Bank is pleased to announce a pivotal collaboration with NCDEX e Markets Limited (NeML) to fortify the integration of eProcurement and eAuction systems. NeML, a wholly owned subsidiary of National Commodity & Derivatives Exchange Limited (NCDEX), holds a commanding market share in transparent price discovery across more than 90 commodities.  This strategic alliance is set to facilitate an advanced eProcurement solution, streamlining the processes for Central and State Government organizations. Under this initiative, farmers can seamlessly list crop details on NeML's platform, and the government will subsequently purchase them at the approved Minimum Support Price (MSP). The integration of Federal Bank's Host-to-Host with NeML's eProcurement platform ensures a seamless and efficient payment processing system for these critical government transactions. In addition, NeML's eAuction solution brings significant benefits to the Governme...

Shri Piyush Goyal, Union Minister of Textiles, Consumer Affairs, Food & Public Distribution and Commerce & Industry to inaugurate the Meeting Over 400 delegates from 35 countries likely to participate in the Meeting Posted On: 29 NOV 2023 5:03PM by PIB Delhi The Government of India, Ministry of Textiles is hosting the 81st Plenary Meeting of the International Cotton Advisory Committee (ICAC) in Jio World Convention Centre, Mumbai during 2nd - 5th December, 2023 through the Office of Textile Commissioner in association with the Cotton Corporation of India Limited (CCI), the Confederation of Indian Textile Industry (CITI) and the Cotton Association of India (CAI). It is a matter of honour and pride for India to host this event after nearly 8 years. Shri Piyush Goyal, Union Minister of Textiles, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Government of India would be inaugurating this Plenary on December 2, 2023 at 02:00 p.m. in Jio World Conventi...

YSE breaks record for total number of hours committed by volunteer mentors India, 23rd November 2023 – Six social enterprise teams from five countries emerged as winners at this year’s Young Social Entrepreneurs (YSE) Global Programme organised by the Singapore International Foundation (SIF). The teams were represented by 15 youths from China, India, Indonesia, Laos, and Singapore. They presented the strongest business ideas that addressed social and environmental causes including mental health services, water conservation, the provision of skills and technology for underserved communities, and women empowerment.  The YSE Global Programme also enjoyed the highest level of mentorship support in its 14-year history.  A total of 82 volunteer mentors spent more than 330 hours working with participant teams this year, a 32 per cent increase in hours compared to the previous year. Mentorship support began at the YSE Global 2023 Workshop held from 7 to 10 June. The mentors comprised ...

Mumbai, November 30, 2023: The TiE Women Global Pitch Competition, held at the prestigious TiE Global Summit in Singapore, concluded with resounding success showcasing innovation and empowerment. Organized by TiE (The Indus Entrepreneurs), the competition provided a platform for female entrepreneurs to shine, emphasizing diversity and inclusion in the entrepreneurial landscape. TiE Women program features a diverse array of innovative business ideas and ventures led by exceptional women entrepreneurs from across the globe. The event was a testament to the impactful strides made by women in the entrepreneurial sphere. The program received over 1600 applications from across the globe with representation from 62 countries. There were 39 finalists spread over different tracks competing for equity-free prize money of up to $50,000. The competition saw an impressive lineup of female-led startups presenting groundbreaking concepts, spanning various industries such as technology, healthcare, su...

After IRCTC, IREDA stands as the second most successful PSU to be listed. Mumbai, November 29, 2023: Shares of Indian Renewable Energy Development Agency Limited made a remarkable debut on the exchange listing at a 56% premium. The scrip listed Rs 50 per share on BSE and NSE respectively, at a premium of 56.25%. The company's share price closed at Rs 59.99 per share on the BSE, a 87.47% premium, and at Rs 60 per share on the NSE, a 87.50% premium. As per NSE, the total quantity traded stood at 5798.10 lakh shares, on BSE the total Quantity stood at 381.55 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 3393.13 crore.  Shri. Pradip Kumar Das – CMD – Indian Renewable Energy Development Agency Limited said "I extend my heartfelt gratitude to all the investors who have placed their trust in Indian Renewable Energy Development Agency Limited. Your support fuels our commitment to drive renewable energy growth and sustainability. We embark on this new chapter with enthusia...

National, November 28, 2023 – Aliaxis, a world leader enabling access to water and energy through inventive fluid management solutions, welcomes Arvind Chandra to the Executive Committee. As the new Divisional CEO of Aliaxis India (Ashirvad Pipes), he will report directly to Eric Olsen, Chief Executive Officer.  Eric Olsen, Aliaxis CEO said, “We are excited for this next chapter of our Indian business under the dynamic leadership of Arvind Chandra. Arvind brings an impressive 30-year global track record driving growth and profitability in a wide range of industries. India is a high-growth market for Aliaxis for the years to come and Arvind will help bring our Indian operations to the next level.” Arvind Chandra, Divisional CEO Aliaxis India, commented, “I am thrilled to join Aliaxis to address India’s pressing water challenges. Together with the Ashirvad team, we will drive growth with a strong focus on both sustainability and innovation, as we deliver a high-quality range of solut...

Mumbai- Thane :- With the hope of newer treatment options for Facial Palsy  in Thane Dr. Ashesh Bhumkar –Advisor AOI, Thane, Dr Sunil Budhalani President of Association of Otolaryngologist of India (Thane Zone) Dr Deepak Aiwale Neurologist and chairmen of Solaris Hospital, Thane, Dr. Amit Aiwale, Neurosurgeon and Director of Solaris Hospital Thane and the entire team of AOI thane chapter has conducted seminars where international guest speakers from Vietnam Dr. Ha and Dr. Huyen elaborated on the different techniques for facial palsy. This meeting was attended by more than 200 Doctors in Thane. The newer options for treatment of Facial Palsy include facial nerve selective necrolysis, facial masseter nerve anastomosis, facial hypoglossal anastomosis, gracilis muscle graft and reconstruction. The outcome of these techniques is very successful narrated by Dr. Ha and Dr. Huyen from Vietnam. Commenting on this Dr. Amit Aiwale, Neurosurgeon says, “Many patients have one side facial paraly...

 In tune with our market talk, Chairperson, Shri Siddhartha Mohanty, Life Insurance Corporation of India launched a new plan, LIC’s Jeevan Utsav with effect from 29.11.2023. LIC’s Jeevan Utsav is Individual, Savings, Whole Life Insurance plan. It is a Limited Premium plan with Guaranteed Additions throughout Premium Paying Term. The Unique Identification Number (UIN) for LIC’s Jeevan Utsav Plan is 512N363V01. • This plan is available for age starting from 90 days to 65 years. It gives guaranteed Life Long income and Life Long Risk Cover. • The minimum premium paying term is 5 years and maximum premium paying term is 16 years • For each policy year for which premium is paid, the Guaranteed Additions @ Rs. 40 per thousand Basic Sum Assured shall accrue at the end of each policy year during the premium paying term. • On survival of the Life Assured after Premium Paying Term, the Policyholder can choose from: Option I- Regular Income Benefit - which is 10% of the Basic Sum Assu...

काल शुक्रवार दि.24/11/2023 रोजी  रिझर्व बँकेने Banking Regulation Act 1949 च्या कलम 36 AAA अन्वये मुंबईतील बहुराज्यीय सहकारी बँक असलेल्या अभ्युदय को- ऑप. बँकेचे संचालक मंडळ पुढील 12 महिन्यासाठी बरखास्त करुन प्रशासकाची नेमणूक केली आहे.  अभ्युदय बँकेची स्थापना मुंबईतील काळाचौकी सारख्या कामगार वस्तीतील अभ्यूदय नगरमध्ये अभ्यूदय या नावाने 1965 साली करण्यात आली. अल्पावधीतच मुंबईतील इतर अनेक सहकारी बँकांना मागे टाकून या बँकेने मोठया प्रमाणात आर्थिक भरारी घेतली.  आज भारतातील जवळपास 1540 सहकारी बँकांमध्ये अभ्यूदय सहकारी बँकेचा क्रमांक चौथा लागतो.  या बँकेने अनेक स्थित्यंतराचा सामना करत तसेच अनेक प्रकारचे आर्थिक अडथळे पार करुन आपला कारभार चढत्या क्रमानेच चालू ठेवलेला आहे.  पंरतु करोना सारख्या जागतीक महामारीमुळे भारतातीलच काय परंतु संपूर्ण जगभरातील बँका अडचणीत आल्या.  सहकारी बँकांना राज्य किंवा केंद्र शासनाकडून कोणत्याही प्रकारची आर्थिक मदत मिळत नसल्याने सहकारी बँकांना सावरण्यासाठी अधिक कालावधी लागत आहे.  उपरोक्त बाबी लक्षात घेता अभ्यूदय बँक काही प्रमाणात आर्...

Abdul’Baha, the son of Baha’u’llah, the Founder of the Baha’i Faith, was a truly remarkable figure in history. This article aims to shed light on his significant role within the Baha’i Faith and explore why he is regarded as such an exceptional individual. Additionally, it will provide an introduction to Baha’u’llah, the founder of the Baha’i Faith, to provide a broader context. Abdul Baha assumed leadership of the Baha’i Faith after the passing of his father, Baha’u’llah. As the appointed successor, he carried the responsibility of guiding the Baha’i community and promoting its principles worldwide. His leadership spanned nearly three decades, during which he worked tirelessly to advance the teachings of Baha’u’llah and to foster unity among the believers. Baha’u’llah, born in 1817 in Persia (modern-day Iran), is the founder of the Baha’i Faith. He proclaimed that he was the Manifestation of God for this age and brought teachings that emphasized the unity of all religions, the oneness...

  Designers Group, powered by Fairfield By Marriott, Mumbai, toasted to 35 years of pushing the boundaries of design. Mumbai, Maharashtra: Designers Group, a trailblazer in India's hospitality industry, recently commemorated 35 years of design excellence with an exclusive event, powered by Fairfield By Marriott. The event was held on November 22nd, 2023, from 5:30 PM onwards and unfolded as a remarkable celebration of creativity, innovation, and the enduring legacy of Designers Group. The event reached an esteemed status with the notable presence of editors and other High Net Worth Individuals (HNIs) from leading media houses like Conde Naste, Burda Luxury, Ogaan media, ITP media and significant other publishers from the hospitality & travel segment. Their involvement not only added an extra layer of magnitude to the occasion but also reaffirmed the exceptional design capabilities of Designers Group with resonance. The presence of these distinguished figures emphasised the indu...

23rd November 2023, India: Mastercard, today announced a collaboration with U GRO Capital, an NBFC specializing in MSME financing, to extend financing solution to small businesses in India that require financial support to maintain and grow their operations. MSMEs in India have long grappled with substantial challenges, including constrained access to capital. According to recent reports, out of over 64 million MSMEs in India, only 14 per cent have access to credit. This strategic collaboration between Mastercard and U GRO Capital aims to address this challenge by enabling a holistic digital supply chain financing solution for millions of small businesses in India. U GRO Capital will leverage its proprietary underwriting and cash flow backed assessment model to offer short term credit to dealer-distributors and last-mile retailers, among other small merchants and women entrepreneurs. Through its vast network, Mastercard is bringing together the demand and supply side ecosystem st...

New Delhi, November 23, 2023: The Internet and Mobile Association of India (IAMAI), in collaboration with the Federation of Indian Fantasy Sports (FIFS) and the E-Gaming Federation (EGF) is all set to organise the first edition of the nation’s largest gaming conference, the Indian Gaming Convention (IGC), on December 5, 2023, at the Taj Palace, New Delhi. Shri Rajeev Chandrasekhar, Minister of State for Skill Development and Entrepreneurship, and Electronics and Information Technology, Government of India, will deliver the keynote address at the valedictory session.  Leading policymakers, regulators, gaming industry captains, marketers, game developers and service providers will converge on one platform to address the IGC, which is expected to draw more than 700 delegates, including senior professionals of the online gaming ecosystem of the country. Among stalwarts of the gaming landscape who will share their insights at the IGC will be Dr. Trivikraman Thampy, Co-founder, Games24x7...

- Survey to provide a centre point for data for the industry’s issues - Mumbai, November 23, 2023: Laghu Udyog Bharati (LUB), an organization dedicated to serving micro and small industries in India, has announced a new Survey Campaign called "Empowering MSMEs – (To March Towards One Trillion Dollar Economy)" in Mumbai. The survey covers eight key topics including subjects such as Banking & Finance, Industrial Land & Infrastructure, Pollution Control, Power Supply, Business Environment, Labor Issues, and Poor Grievance Mechanisms Related to Government. LUB will conduct an outreach program through a survey to reach and instrument feedback from over 1,00,000 entrepreneurs, factory owners, and service providers to manufacturing industries across all regions and districts of Maharashtra. LUB will analyze and share the results of the survey with the state government to address issues faced by businesses and provide solution within estimated turnaround time of 45 days. LU...

• Bharti Airtel's CEO and MD, Gopal Vittal, in a customer letter today emphasises the advancements in mobile technology with embedded SIMs (e-SIMs) • In the times of interconnected devices, e-SIMs can provide seamless connectivity New Delhi, November 21, 2023: Bharti Airtel (“Airtel”), one of India’s leading telecommunications service provider, today, in a customer letter emphasized the advancements in mobile technology with embedded SIMs (e-SIMs) and encouraged Airtel users to make the switch to an e-SIM. Bharti Airtel has streamlined the e-SIM upgrade process through the Airtel Thanks App, simplifying the transition from a physical SIM to an e-SIM. An e-SIM is an online extension of one’s regular SIM card, eliminating the need to physically access SIM card on one’s phone. In today’s digital first lifestyle and with increasing penetration of newer models of smart wearables, smartphones, etc being e-SIM enabled, the shift from physical SIM can provide seamless connectivity betw...

Mumbai : With the aim of reaching the benefits of the Flagship schemes of the Government of India to the target beneficiaries, the nationwide campaign 'Viksit Bharat Sankalp Yatra' is being Organized  by the Central Government and this campaign was inaugurated by the auspicious hand of Hon'ble Prime Minister Shri Narendra Modiji on 15th November 2023 at District Khunti, Jharkhand  on the occasion of Janjati Gaurav Din. A leading Navratna status awarded company Rashtriya Chemicals and Fertilizers Limited with other fertilizer manufacturing companies, are participating in the campaign. In agriculture sector, important information is being given regarding the balanced use of fertilizers to maintain the proper health of the soil by avoiding the excess use of chemical fertilizers along with the spraying of nano urea, nano DAP and other micronutrient fertilizers through advanced drone technology. RCF is always trying to create awareness among the farmers community by conducting f...

With this, the Bank has 72 banking outlets in Maharashtra and 877 banking outlets across the country. Mumbai, November 21, 2023-: Utkarsh Small Finance Bank Limited (USFBL), today announced the inauguration of its new banking outlet in Bhayandar, Thane in the state of Maharashtra. With this launch, the Bank has reached 72 branches in the state of Maharashtra and 877 in the country spread across 26 States and Union Territories.   Addressing the inauguration, Ms. Kalpana Prakash Pandey, Independent Director at Utkarsh Small Finance Bank Limited, stated, " It is heartening to see the Bank entrenching its footprint and growing from strength to strength, spreading its presence across the country. I wish the Bank the very best in its future endeavors”. Commenting on the expansion, Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited said, “Maharashtra is an important state for us. The inauguration of this banking outlet not only supports and nurtures the entrepreneuria...

Mumbai- In India there are nearly 101 million Diabetic patients. Out of these patients 20% used to develop foot ulcers in their lifetime. According to WHO, diabetes is a major cause of blindness, kidney failure, heart attacks, stroke and lower limb amputations. Foot ulcer is the pivotal event which leads to major amputations in Diabetic patients. So, the prevention of ulcer and if ulcer is there then healing of ulcer and prevention of recurrence is the most important strategy to prevent these amputations in Diabetic patients. Commenting on this  Dr. Shrikant Bhoyar, Diabetic Foot Surgeon from Apex Superspeciality Hospital, Borivali  says, “About 85% of ulcers are because of Neuropathy. Neuropathy makes the foot insensate and small injuries go unnoticed which later becomes the cause of major amputations.  45-year-old diabetic patient from Mira Road admitted in Apex Superspeciality Hospital, Borivali for foot ulcer treatment, as many doctors suggested amputation surgery. We...