Fusion Micro Finance Secures $25 Million Loan from US International DFC

May 20, 2024

Fusion Micro Finance has obtained a $25 million loan from the United States International Development Finance Corporation (DFC) to fuel its expansion plans, primarily focusing on empowering rural women entrepreneurs. The initial disbursement of $20 million, part of an eight-year loan, aims to enhance business operations and advance financial inclusion efforts. Expansion Strategy and Loan …

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RXIL’s TReDS Platform Surpasses INR 1 Trillion in MSME Invoice Financing

May 20, 2024

India’s MSME sector, contributing over 30% to the GDP and employing approximately 12 crore people, faces a significant credit gap of around Rs. 28.2 lakh crores. RXIL’s Trade Receivables Discounting System (TReDS) platform has achieved a milestone by facilitating financing of over 50 lakh invoices worth ₹1,00,000 crore since its inception. This milestone underscores the …

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Rising Thermal Coal Imports Amidst Escalating Summer Heat Waves

May 20, 2024

In April 2024, India witnessed a surge in thermal coal imports, marking a five-month high, driven by increasing temperatures and forecasts of prolonged heat waves. Data from Kpler reveals a consistent uptrend in imports, with April shipments hitting 16.23 million tonnes, an 11% month-on-month and 10% year-on-year increase. Demand Surge and Analysis The rise in …

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Mukesh Ambani and Gautam Adani Secure Positions Among the World’s Top 15 Super Rich

May 20, 2024

Mukesh Ambani and Gautam Adani have made it to the top 15 world’s super-rich list of the Bloomberg Billionaires Index. This marks a significant achievement, especially for Gautam Adani, who reclaimed his position after losing it in 2023 due to short selling in his company’s stock. Notably, for the first time, all individuals in the …

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RBI Approves Appointment of Pradeep Natarajan as IDFC FIRST Bank’s Whole Time Director

May 20, 2024

The Reserve Bank of India (RBI) has given its nod for the appointment of Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank, marking a significant development for the private sector lender. The approval, granted for a tenure of three years, underscores the bank’s commitment to strengthening its leadership team. Appointment …

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Highest Peak in India, List of Top 10 Highest Peaks

May 20, 2024

India is a land of immense diversity, encompassing not only cultural and historical richness but also an array of geographical features, including valleys, mountains, rivers, vegetation and wildlife. Distinguished by its remarkable natural features, the region boasts some of the world’s tallest mountain peaks, prominently located in the Karakoram, Garhwal, and Kangchenjunga mountain ranges. These …

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Ronaldo Tops Forbes’ List of Highest-Paid Athletes Again

May 20, 2024

Cristiano Ronaldo, despite nearing the twilight of his career, has secured the top spot on Forbes’ list of the world’s highest-paid athletes. His significant earnings in Saudi Arabia have propelled him to this position for the fourth time. Ronaldo’s Record Earnings According to Forbes, Ronaldo amassed an astonishing $260 million over the past year. This …

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SEBI Launches AI Chatbot 'SEVA' for Investors

SEBI’s Amendments to LODR Regulations: Enhancing Market Capitalization Computation

May 20, 2024

SEBI has introduced significant amendments to its Listing Obligations and Disclosure Requirements (LODR) regulations, focusing on the computation of market capitalization for listed companies. The amendments aim to redefine the criteria for applicability and establish a defined period for calculating average market capitalization. Revised Applicability Criteria and Calculation Period Under the amended regulation, recognized stock …

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China Sanctions US Defence Firms Over Taiwan Arms Sales

May 20, 2024

In the latest move against perceived infringements on its territorial claims, China has sanctioned Boeing and two other US defense companies for their involvement in arms sales to Taiwan. The announcement came on the day of Taiwan’s presidential inauguration, highlighting tensions in the region. Taiwan’s Security Agenda Lai Ching-te, Taiwan’s newly inaugurated president, has emphasized …

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World Bee Day 2024: Date, Theme, History, Significance and Celebrations

May 20, 2024

World Bee Day, observed on May 20, marks the birth anniversary of Anton Janša, a pioneer in beekeeping. Established by the United Nations in 2017, this day highlights the critical role of bees in ensuring food security, biodiversity, and sustainable agriculture. The 2024 theme, “Bee engaged with Youth,” emphasizes the importance of involving young people …

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Monthly Archives: May 2024

Fusion Micro Finance Secures $25 Million Loan from US International DFC

RXIL’s TReDS Platform Surpasses INR 1 Trillion in MSME Invoice Financing

Rising Thermal Coal Imports Amidst Escalating Summer Heat Waves

Mukesh Ambani and Gautam Adani Secure Positions Among the World’s Top 15 Super Rich

RBI Approves Appointment of Pradeep Natarajan as IDFC FIRST Bank’s Whole Time Director

Highest Peak in India, List of Top 10 Highest Peaks

Ronaldo Tops Forbes’ List of Highest-Paid Athletes Again

SEBI’s Amendments to LODR Regulations: Enhancing Market Capitalization Computation

China Sanctions US Defence Firms Over Taiwan Arms Sales

World Bee Day 2024: Date, Theme, History, Significance and Celebrations

Union Budget 2024

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