New Delhi: On Tuesday, Reserve Bank of India (RBI) Governor Shaktikanta Das introduced three major initiatives: the PRAVAAH portal, a retail direct mobile app, and a fintech repository. PRAVAAH, which stands for Platform for Regulatory Application, VAlidation, and AutHorisation, is a centralized, secure web-based portal. It allows individuals and entities to seek authorization, licenses, or regulatory approval for any references made to the RBI. Currently, the portal includes 60 application forms that cover various regulatory and supervisory departments within the RBI. This initiative aims to streamline and simplify the application process for regulatory permissions. The Retail Direct mobile app is…
Author: Ansh Singh
Ansh Singh
Ansh Singh is a journalist and writer who covers Entrepreneurship, Business, Startups, and Fintech. When not working, you will find him reading insightful case studies, exploring ideas online, and journaling by the beach.
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Mumbai: In a significant achievement for the world of content creation and music, Hoopr.ai, India’s premier music licensing platform, proudly announces it has surpassed 2 lakh users on the platform during the fourth quarter of FY24. This milestone highlights Hoopr’s rapid growth and its essential role in providing copyright-safe music to various content creators, brands, businesses, agencies, and editors across India and beyond. The Indian creator economy is thriving, with as many as 50 million creators present in the country. In addition to mainstays such as YouTube, Instagram, and Facebook, other platforms are working towards making themselves more appealing towards…
New Delhi: Astute Synergies Private Limited, an energy-tech startup, is set to disrupt the biogas industry by tackling the critical challenge of high CBG plant installation costs. According to the Petroleum Planning and Analysis Cell, India’s gas production is 29,769 million metric standard cubic metres (mmscm), while consumption is 55,256 mmscm, resultingina shortfall of 25,488 mmscm, or 46.12% of total consumption, which is currently met through imports. CBG can help bridge this gap, but high installation costs and methane loss during production are major challenges. Astute Synergies is addressing these issues with its advanced state-of-the-art membrane technology, which aims to…
Bengaluru: Quest Global, a leading global product engineering services company, today announced that RTX has recognized Quest Global Services with a Premier Award for performance in 2023 and overall excellence in Business Management and Cost Competitiveness. This award, presented by RTX businesses Collins Aerospace and Pratt & Whitney, recognizes Quest Global’s exceptional contributions and unwavering commitment to excellence. As part of the RTX Performance+ Program, suppliers undergo rigorous assessments each year to evaluate their performance and value delivered to RTX across vital categories, encompassing Cost Competitiveness, Technology & Innovation, Business Management, Customer Service, and Collaboration. “We’re incredibly honoured to receive…
New Delhi: Baker & Taylor started its journey in 1828, almost 200 years ago. It began with bookbinding and publishing but has now become a top independent distributor of books and digital content. The company is dedicated to promoting reading and education around the world. Over the years, Baker & Taylor has grown a lot and now serves more than 5,000 public and academic libraries. They have also embraced new technologies, especially digitization, to improve their services and better meet the needs of their diverse customers. Adapting to the digital age: In the past decade, Baker & Taylor has fully embraced the digital…
New Delhi: After an incredible 25 years with the company, NP Singh, the Managing Director and Chief Executive Officer of Sony Pictures Networks India (SPNI), has decided to leave. In a statement issued on May 24, Singh said he was grateful for his insightful experiences over his 44-year career and that he planned to move from his operational function to encouraging roles with a social change focus. Singh noted his achievements during his time, including increasing the company’s profile and creating industry standards, and underlined his dedication to SPNI’s success and legacy. He declared his readiness to assist the business until a suitable…
New Delhi: iVOOMi, a prominent player in the electric vehicle industry, proudly announces its entry into Rajasthan with the appointment of its first dealer in Ajmer. This pivotal move marks the beginning of iVOOMi’s ambitious expansion in the state, highlighting the company’s rapid and strategic growth across India. Renowned for its innovative and sustainable EV solutions, iVOOMi’s move into Ajmer represents its dedication to broadening the accessibility of electric vehicles. This dealership marks iVOOMi’s first foothold in Rajasthan and exemplifies the company’s commitment to supporting the Indian government’s vision for a greener future. With the new dealership in Ajmer, iVOOMi…
New Delhi: The Adani Group is getting ready to step into India’s digital payment and online shopping business, expanding beyond their current travel services offered through the Adani One app, launched in late 2022. Reports indicate that the conglomerate is contemplating a license to operate within India’s public digital payments network, including the Unified Payments Interface (UPI). Furthermore, discussions with banks are underway to establish plans for a co-branded credit card. In addition to UPI, Adani is eyeing entry into the Open Network for Digital Commerce (ONDC), a government-supported platform aimed at facilitating e-commerce. These new digital plans fit into the Adani Group’s bigger picture of growing…
New Delhi: AlgoBharat, Algorand Foundation’s India-focused initiative, today announced two significant milestones in supporting India’s growing population of Web 3.0 developers, surpassing the 50-university mark for Algorand Blockchain Clubs and officially launching the first layer one blockchain protocol-backed Application Developer Course on NASSCOM’s FutureSkills Prime platform. NASSCOM’s FutureSkills Prime, a joint initiative of India’s IT Industry and the Government of India, aims to enhance digital skills across India and position the country as a leader in global innovation and growth. As the first blockchain platform to partner with NASSCOM, Algorand is creating original developer training content aligned with the National Occupational Standards (NOS) and…
New Delhi: Paytm announced that Paytm General Insurance Ltd. (PGIL), an associate entity, is withdrawing its application for a general insurance license to concentrate on providing insurance through its fully-owned subsidiary, Paytm Insurance Broking Private Ltd. (PIBPL). This move allows One97 Communications Ltd. (OCL) to save Rs 950 crore initially allocated for investment in PGIL. In May 2022, One97 Communications Ltd. had revealed plans to increase its stake in PGIL to 74% with an investment of up to Rs 950 crore. However, the company is now focusing on PIBPL to enhance insurance distribution to Paytm users, small merchants, and SMEs.…
