ONDC Looks to Integrate Banks and Fintechs for Last-Mile Credit Services

July 4, 2024 The Open Network for Digital Commerce (ONDC) is taking significant steps to integrate leading banks and fintech platforms to enhance last-mile credit services across India. This initiative follows the network’s early pilot programs for credit disbursal through its platform, aimed at financially underserved regions. Integration of Banks and Fintechs ONDC plans to…

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IT Minister Ashwini Vaishnaw

IT Minister Ashwini Vaishnaw says India will provide a public platform for AI that is similar to UPI.

July 4, 2024:  Union Minister for Electronics and IT Ashwini Vaishnaw unveiled India’s ambitious goal to establish a UPI-like platform for Artificial Intelligence (AI) during the Global India AI Summit 2024. The objective of this program is to tackle the growing issue of misinformation fueled by AI and democratize access to AI technologies. Vaishnaw compared…

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Flipkart: Pioneering India’s E-commerce Revolution

From Humble Beginnings to E-commerce Giant In 2007, Sachin Bansal and Binny Bansal, graduates of IIT Delhi, embarked on a daring venture with just ₹4 lakhs. Their vision? To revolutionize how Indians shopped online. What started modestly as an online bookstore swiftly grew into Flipkart, now synonymous with India’s e-commerce dominance. Overcoming Early Challenges with…

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Major Berth Deal at Tamil Nadu Port Secured by JSW Infra

In order to expand and mechanize the North Cargo Berth-III (NCB-III) for handling dry bulk cargo, JSW Infrastructure’s subsidiary, JSW Tuticorin Multipurpose Terminal, has won a concession agreement with the VO Chidambaranar Port Authority in Tamil Nadu. This project seeks to develop a cargo terminal with an annual capacity of 7 million metric tonnes and…

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Budget 2024: Salaried Class Seek Tax Reforms, HRA Relief, and EV Incentives

Payrollers are anticipating the release of the FY25 Budget by Finance Minister Nirmala Sitharaman with great anticipation, as they hope significant tax reforms will alleviate financial burdens. According to a Deloitte report, the salaried class is advocating for a reorganization of tax slabs, incentives for purchasing electric vehicles (EVs), adjustments to housing rent allowance (HRA) rates, and a greater emphasis on affordable housing. Calls for Tax Regime Parity The recently introduced personal tax system underwent revisions with the introduction of the Budget 2023. Specifically, the basic exemption threshold was raised from Rs 2.5 lakh to Rs 3 lakh, while the surcharge on revenues beyond Rs 5 crore was reduced from 37% to 25%. These changes were…

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Case Study: Haldiram – The Transformation from Bhujia Shop to Billion-Dollar Business

Introduction Haldiram, originally a small Bhujia shop in Bikaner, Rajasthan, founded in 1937 by Ganga Bhishan Agarwal, evolved into a global brand known for its wide range of sweets, snacks, and other food products. The journey of Haldiram’s growth and success spans three generations of the Agarwal family, marked by strategic decisions and innovative marketing…

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Unacademy Takes Steps to Optimize Operations, Announces Layoffs Impacting 250 Employees

Unacademy, a leading name in India’s educational technology sector, has recently made headlines with a decision to downsize its workforce, affecting 250 employees across departments such as product development, marketing, and sales. This move is part of Unacademy’s strategy to streamline operations and boost efficiency in response to evolving market conditions. According to reports from…

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TCS Sees Abbott World Major Status and Collaborates with the Sydney Marathon

The largest marathon event in Australia, the Sydney Marathon, and Tata Consultancy Services (TCS) have confirmed their title relationship. With this action, TCS hopes to improve the marathon experience by utilizing its knowledge of cutting edge technologies, accessibility, sustainability, and charity effect. The Sydney Marathon’s application to join the elite Abbott World Marathon Majors, which…

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