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Daily Archives: September 9, 2022

State Bank of India (SBI) hit market capitalization of Rs 5 trillion in BSE

SBI-WAARE collaborate to Fund Projects for Customers and Channel Partners

SBI-WAARE collaborate: The largest solar panel producer in India, WAAREE, has an agreement with State Bank of India (SBI) for unsecured solar project financing through the Surya Shakti Solar Finance Scheme and working cash for channel partners under EDFS (Electronic dealer finance scheme). Through the Surya Shakti Solar Finance Scheme, WAAREE plans to leverage a …

September 9, 2022_4.1

Axis Bank-PayNearby collaborate for their priority sector lending goals

Axis Bank-PayNearby collaborate: A top executive of Axis Bank stated that partnerships like the one with branchless banking network PayNearby will help the private lender achieve its lending goals for priority sectors. By utilising the distribution-as-a-service network of 50 lakh micro enterprises provided by PayNearby, Axis Bank hopes to organically reach its lending goals for …

September 9, 2022_5.1

Dinesh Kumar Batra takes charge as CMD, Bharat Electronics Limited

Dinesh Kumar Batra, Director (Finance) & CFO, has taken additional charge as Chairman & Managing Director (CMD) of Navratna Defence PSU Bharat Electronics Limited (BEL) with effect from September 1, 2022. He was instrumental in the company’s move to foray into the Electro-Explosive segment. He is also credited with BEL entering into Li-on battery packs …

September 9, 2022_6.1

Indian FMCG company Pintola named Sunil Chhetri as Brand Ambassador

Indian superfood brand Pintola, Fast­moving consumer goods (FMCG) company announced a renowned Indian Football Captain, Sunil Chhetri as Brand Ambassador. He was appointed as Pintola Brand Ambassador for his similar values of consistency and perfection with the company to promote the idea of a healthier India to this generation. Bank Maha Pack includes Live Batches, Test …

September 9, 2022_8.1

Ajit Kumar Saxena selected for CMD post in MOIL Limited

The public enterprise’s selection board (PESB) has selected Ajit Kumar Saxena for the post of Chairman & Managing Director of “A” Miniratna Category-I Company, MOIL Limited. He is currently working as Director (Operations) of RINL-Visakhapatnam Steel Plant. He had taken charge as the Director (Operations) on October 17, 2019. Prior to this assignment, he had …

September 9, 2022_9.1

LIC Introduces Non-participating, Unit-linked New Pension Plus Plan 867

LIC New Pension Plus 867 Life Insurance Company (LIC) introduced a new plan, LIC New Pension Plus 867. The LIC New Pension Plus 867 is a non-participating, unit-linked insurance plan that again comes with “guaranteed addition”. The plan indicates that the LIC New Pension Plus 867 will provide guaranteed additions between 5% to 15% of …

September 9, 2022_10.1

Agribazaar Launches Kisan Safalta Card for Agri Financing

Agribazaar is a private sector electronic Agri mandi, launched ‘Agribazaar Kisan Safalta Card’. The Agribazaar Kisan Safalta Card is a quick and easy way to help farmers to meet their pre- and post-harvest farm requirements and allied expenses. Farmers can use Agribazaar Kisan Safalta Card to get financing. The funds provided can only be used …