Skip to main content


Showing posts from October, 2021

*SBI Card PAT Grows 67% to ₹345 Cr for Q2 FY22 Vs ₹206 Cr for Q2 FY21*

 New Delhi, 28 October 2021: The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the quarter and half year ended September 30, 2021, at their meeting held on Thursday, October 28, 2021. Performance Highlights Q2 FY22 • Total Revenue increased by 7% YoY to ₹2,695 Cr for Q2 FY22  • Profit after tax increased by 67% YoY to ₹345 Cr for Q2 FY22  • ROAA at 4.9% for Q2 FY22 vs. 3.4% for Q2 FY21 • ROAE at 20.1% for Q2 FY22 vs. 14.1% for Q2 FY21 • Capital Adequacy Ratio at 25.0%; Tier 1 at 21.8%  Key Metrics • New accounts volume at 953k for Q2 FY22 up by 39% as compared to 688k for Q2 FY21 • Card-in-force grew by 14% to 1.26 Cr as of Q2 FY22 vs 1.10 Cr as of Q2 FY21 • Retail spends grew by 41% to ₹ 35,070 Cr in Q2 FY22 vs ₹ 24,863 Cr in Q2 FY21 • Corporate Spends grew by 80% to ₹ 8,491 Cr in Q2 FY22 vs ₹ 4,728 Cr in Q2 FY21 • Market share H1 FY22 (available till Aug’21) – Card-in-force at 19.4% (FY21: 19.1%); Spends at 19.0% (FY21: 19.4%); Transa

*World Stroke Day*

 By Dr Poonam Khetrapal Singh, WHO Regional Director for South-East Asia The WHO South-East Asia Region is committed to strengthening health care services to prevent, treat and manage stroke, and to provide quality rehabilitative care for stroke-related disability. Globally, stroke is the second leading cause of death and the third leading cause of disability. One in four people are in danger of stroke in their lifetime. Lifestyle risk factors for stroke include being overweight or obese, physical inactivity, tobacco use and alcohol abuse. Medical risk factors include high blood pressure, high cholesterol, diabetes and a personal or family history of stroke or heart attack. An estimated 70% of strokes occur in low- and middle-income countries, which also account for 87% of stroke-related deaths and disability-adjusted life years. To help address this inequity, WHO continues to support all countries of the Region to identify and apply “best buy” interventions that reduce the risk of str

*26th edition of the European Union Film Festival to digitally kick-off from November 1*

 • 60 films in 37 languages from across Europe and India to be screened at the 26th European Union Film Festival; EUFF to pay homage to Indian cinema legend Satyajit Ray  • The Festival begins from 1 November. Audiences can register through the Festival Scope and the EUFF website  New Delhi, October 28, 2021: Cinema, in all its forms, continues to be a powerful medium, which binds us, helps us to stand united, beyond all borders. It provides a medium to share our feelings, our fears as well as our hopes, a window into our innermost selves. Providing a “Window To Europe”, the much-awaited 26th edition of the European Union Film Festival will be available in its virtual avatar from November 1st onwards– featuring outstanding, award-winning European cinema that bring forth inspiring stories, all from the comfort and safety of our homes. It celebrates the diversity and depth of European cinema and culture. Film aficionados can register free of cost for access to the film festival and relat

*Journey of Growth and Discipline Continues*

 Q2FY22 Highlights • Volume increased 6.2% YoY to 5.1 MnT   • Commercialization of Cement capacity (Line 2) of 2.25 MnT near Cuttack, Odisha • Total cement capacity increased to 33MnTPA  • Commenced Trial Run production of 3Mnt plant at Maharashtra (erstwhile Murli Industries) • Declared an interim dividend of Rs 4/- per share • Became a Net Debt free company; Net Debt/EBITDA at (0.48x) Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ending September 30, 2021. 1. Highlights for the Quarter and Half Year ended September 30, 2021      (Figures in Rs. Cr.) Particulars (Rs. Cr) Q2FY22 Q2FY21 H1FY22 H1FY21 Sales Volume (MnT) 5.1 4.8 10.0 8.5 Income from Operations 2,577 2,313 5,164 4,214  EBITDA 621 698 1,334 1,313 Profit Before Tax 307 367 693 666 Profit After Tax 214 231 502 422 PAT Margin (%) 8.3% 10.0% 9.7% 10.0% EPS (Rs.) 10.90 12.24 23.03 22.27 Net Debt to EBITDA (x) (0.48)

*Union Bank of India is observing Vigilance Awareness Week from 26th October to 1st November*

 Mumbai – October 27, 2021: Union Bank of India is observing Vigilance Awareness Week from 26th October to 1st November on the theme, " Independent India@75: Self-reliance with integrity” as envisaged by the Central Vigilance Commission. Various programmes / webinars are scheduled by the Bank for creating awareness among youth, women, employees, their family members and the public at large, mostly through online channels. Extensive use of social media is also being made for wider dissemination of the theme. On this occasion a Cartoon Book on PIDPI, Daily Alert Series “Dainik Satarkata” & Monthly Series on case studies on Frauds, “Satarkata Se Safalta” was also unveiled by Board of Directors, Executive Directors & CVO. At Central Office of Union Bank of India, Board of Directors & Senior Executives of the Bank have adopted Integrity Pledge & committed to uphold highest standards of honesty & Integrity. MD & CEO Shri Rajkiran Rai G. through his message appeal

*Shri Kalyan Kumar Appointed as Executive Director of Punjab National Bank*

 Delhi, October 26, 2021: Punjab National Bank (PNB), a leading public sector bank in India, announced the appointment of Shri Kalyan Kumar as Executive Director. The former Chief General Manager of Union Bank of India has over 26 years of experience in banking services. Shri Kalyan Kumar is appointed on the Board of the Bank under Banking Companies Act, 1970 for a period of three years with effect from the date of assumption of office, or until further orders, whichever is earlier. Shri Kalyan Kumar, a Post-graduate in science from Rajendra Prasad Agriculture University, Pusa, is also a Certified Associate member of the Indian Institute of Bankers (CAIIB) and holds various certifications in Trade Finance, IT Security and KYC – AML from the Indian Institute of Banking & Finance (IIBF).  Kumar started his journey in Union Bank of India as a Rural Development officer in the year 1995 and has served the bank in various capacities as Branch Head of VLBs, as faculty at Staff Training Ce

*Paytm Insuretech brings in Swiss Re as a strategic investor for its General Insurance business*

 - Swiss Re will invest (by way of equity shares and compulsorily convertible preference shares) approximately ₹ 9,200 million (₹ 3,973 million upfront, and the remaining in tranches, subject to fulfilment of certain milestones) in PIT for an aggregate stake of 23% on a fully diluted basis, subject to regulatory approval. - Through an investment in PIT, Swiss Re and Paytm will work towards closing the insurance protection gap in the market. Paytm, India's leading digital ecosystem for consumers and merchants(1), today announced that its associate, Paytm Insuretech Private Limited (PIT), has entered into a strategic partnership with Swiss Re, one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. Swiss Re will invest (by way of equity shares and compulsorily convertible preference shares) approximately ₹9,200 million (₹3,973 million upfront, and the remaining in tranches, subject to fulfilment of certain milestones) in PIT fo

*Health Ministers commit to renew, accelerate efforts to end TB in South-East Asia*

 New Delhi, 26 October 2021 – The Minsters of Health of countries in WHO South-East Asia Region today committed to renew and accelerate efforts to end tuberculosis, in view of the pandemic disrupting services and leading to increase in TB cases in the already high-burden Region.   “Despite being a preventable and treatable, TB kills more than a million people every year, almost half of them in the WHO South East-Asia Region. We must intensify effort towards ending TB,” said Dr Tedros Adhanom, Director-General, WHO, addressing a High-Level Meeting for Renewed TB Response.   Inaugurating the meeting, Dr Poonam Khetrapal Singh, Regional Director, WHO South-East Asia Region, said, “Immediate steps are needed to scale-up preventive, diagnostic and treatment services for TB, and significantly bolster social protection measures while specifically addressing undernutrition among the vulnerable populations.”   At the day-long meeting held virtually, the Ministers of Health signed on a ‘Minister

पंकज आडवाणी ऊंचे स्थान पर, शीर्ष स्थान का दावा

 ऐस क्यूएस्ट पंकज आडवाणी ने एक सर्व-जीत रिकॉर्ड के साथ अपने वर्चस्व पर मुहर लगाई और जीएससी वर्ल्ड स्नूकर क्वालीफायर में एक उच्च स्थान पर रहे, टूर्नामेंट में शीर्ष स्थान हासिल किया। 36 वर्षीय पंकज, जिन्होंने कई बार विश्व और एशियाई स्नूकर का ताज जीता था, ने अपने उत्कृष्ट फॉर्म को बनाए रखा और सभी 12 मैच (वाई-कैंप और जेड-कैंप में 6 प्रत्येक) जीतने में सफल रहे। पंकज ने पोल पोजीशन लेने के लिए 10,760 अंक (3,560 राष्ट्रीय अंक, वाई और जेड कैंपों से 3,600 अंक प्रत्येक) जमा किए। राष्ट्रीय चैंपियन आदित्य मेहता, जो 4 जीत और 2 हार के साथ समाप्त हुए, 10,156 अंकों (4000 राष्ट्रीय, 2916 वाई-कैंप और 3240 जेड-कैंप) के साथ दूसरे स्थान पर रहे, जबकि तीसरे स्थान पर लक्ष्मण रावत (पीएसपीबी) 9,396 अंकों के साथ थे। पंकज और आदित्य दोनों ने आगामी विश्व स्नूकर चैम्पियनशिप में भारत का प्रतिनिधित्व करने के लिए क्वालीफाई किया है, जो नवंबर या दिसंबर में दोहा में होने की संभावना है। "मैं दोहा में आईबीएसएफ विश्व स्नूकर चैंपियनशिप में देश का प्रतिनिधित्व करने के लिए भारत के नंबर 1 के रूप में क्वालीफाई करने के लिए रोम

*InsuranceDekho registers staggering growth, grows business 2X in H1 FY22*

 ● Partner presence in 1100 + cities covering more than 85% pincodes across India ● Partner income has increased on average 4x within a year of coming onboard ● Health business grew 6 times faster than industry Sep 2021 YTD New Delhi, October 25, 2021: India’s leading Insurtech startup, InsuranceDekho, grew at a staggering rate during one of the toughest business years in recent history. By building deep distribution across 1100+ cities and offering best-in-class products & customer service; the company has registered an impressive 2X growth year to date in FY22.  At present, InsuranceDekho has a partner presence in 1100 + cities and covers more than 85% pincodes across India. Over the last few months, InsuranceDekho has built an impressive partner ecosystem with more than 35,000 advisors across the country.  The width & depth of the partner ecosystem is a testimony to InsuranceDekho’s tech-driven & distribution focused business approach. InsuranceDekho's IDedge app off

*FC Goa’s narrative driven social content looks to stretch the boundaries of Indian football*

 Goa, October 2021: Indian football Club FC Goa has seen a strategic shift in its social media narrative by weaving pop-culture into its storytelling approach.   Clever intersections between pop-culture, lifestyle - movies, shows, music, dance, iconic characters in mass media, past, present and upcoming - and football (after all, football is at the heart of it all) have yielded some brilliant storytelling and moment marketing capsules.  And these, in turn, have yielded exponentially high views and shares, laughter and conversation and notably a record high of new audiences and new perspectives to weigh in on a sport that can often seem inaccessible/ elusive to a "non-fan". Not to mention, a new sense about what Goa represents beyond the usual - a hope for Indian football. Speaking on the same, FC Goa’s Vice President - Strategy, Ravi Puskur said, “We have always looked to innovate. We constantly look to push the boundaries and find out for ourselves, what works and what doesn


 ~GO FIRST creates history once again with the first international flight from Srinagar~ ~New service connects Jammu & Kashmir with UAE~ Mumbai/Srinagar/Dubai/Sharjah, October 23, 2021: GO FIRST (formerly known as GoAir), today achieved a milestone in Jammu & Kashmir by becoming the first airline to start direct international connection and direct international cargo operations from Srinagar, thus strengthening its expanding international network.   Operated by an Airbus A320neo, the maiden GO FIRST flight G8 1595 departed Sheikh ul-Alam International Airport in Srinagar at 18:00 hours and arrived in Sharjah at 21:00 hours. GO FIRST will operate four flights every week between Srinagar and Sharjah. The inaugural flight was flagged off by Hon’ble Home Minister, Respected Shri Amit Shah from the Sheikh ul-Alam International Airport in Srinagar with a full complement of passengers in presence of Hon’able Lt Governor Mr. Manoj Sinha and other dignitaries. Hon’ble Minister of Civil

*Dalmia Cement Becomes India’s First Cement Manufacturer to Receive Green Accreditation from GRIHA*

 Green Accreditation Bolsters Dalmia Cement’s Pioneering Role in Making the Industry Carbon Negative New Delhi, 22 October 2021: Dalmia Cement (Bharat) Limited, a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, has become the first cement company in India to receive a green accreditation from the Green product rating for Integrated Habitat Assessment (GRIHA) council. GRIHA is the national rating system for green buildings in India that was jointly set up by The Energy and Resources Institute (TERI) and the Ministry of New and Renewable Energy (MNRE), Government of India to combat climate change. Dalmia Cement is India’s 4th largest cement company and a leading pioneer in Green cement manufacturing. The cement major received green enlistment for its blended cement in the GRIHA Green Catalogue under three categories GRIHA V.3 criterion:15, GRIHA V.2015 criterion:19, GRIHA V.2019 criterion19 & 21 and SVAGRIHA criterion:11. Commenting on the prestigious accredita

*Paytm offer for India vs Pakistan T20 World Cup match — flat 10% cashback on DTH recharges of Tata Sky, Airtel, Dish TV and others*

 - All DTH recharges done on October 24 will see users winning cashback of 10% of upto ₹40  - Gives users the flexibility to select their preferred payment mode from Paytm UPI, Paytm Postpaid (buy now pay later), Paytm Wallet, debit and credit cards, or net banking.  India's leading digital ecosystem for consumers and merchants (1) Paytm is celebrating the spirit of the India vs Pakistan cricket match by announcing an exciting offer for its users. For all DTH recharges done on 24th October 2021, users will receive a flat cashback of 10% up to ₹40. Users will be able to avail this cashback on DTH recharge of all major operators: TATA Sky, Airtel Digital TV, Dish TV, D2H, and Sun Direct.  To avail of this offer, a user just needs to apply promo code "IndVsPak" before completing the payment for DTH recharge. In addition to the above offer, existing users can continue to avail of assured rewards of up to ₹500 from recharges of all major DTH Operators: TATA Sky, Airtel D

*AU Small Finance Bank launches QR Sound box*

 - Becomes first bank to launch such a product - Deployed more than 2 lakhs QR Codes. - Facilitating small to mid-size shops and large merchants with multiple outlets - Exclusive cash back offers to Merchants  Mumbai, 22 October 2021: India’s Largest Small Finance Bank AU Small Finance Bank has launched QR Code Sound Box to enhance its reach in digital payments, while making it the first bank to launch such a product.  With an objective for digital innovation, the QR Sound Box will help small merchants to run their operations smoothly without the hassle of reading SMS every time a customer makes a payment. The Bank has already deployed 2 lakhs QR Codes so far, which is also the first of its kind for any Small Finance Bank. AU SFB QR code sound box is a small and portable speaker for daily payment alerts. It comes with a dedicated SIM slot for data connectivity which gives voice notification. The sound box is available in five languages i.e., Hindi, English, Punjabi, Gujrati and Marathi

*Meenakshi Mission Hospital Bags FICCI Healthcare Excellence Award 2021 for Digital Innovation*

 NEW DELHI / October 22, 2021: Madurai’s Meenakshi Mission Hospital & Research Center has bagged the 13th edition of FICCI Healthcare Excellence Awards 2021 in the category of Digital Innovation in Healthcare. The Award has been conferred on the hospital for its introduction of Teladoc Health Robots in June 2020 to keep doctors, patients and healthcare workers safe during the pandemic and prevent the spread of Coronavirus infection. These Telemedicine robots, the preferred choice of six of the World’s best hospitals, have been introduced in India for the first time by Meenakshi Mission Hospital. Said Dr. S Gurushankar, Chairman, Meenakshi Mission Hospital, Madurai: “We are deeply honored and delighted to receive the FICCI Healthcare Excellence Awards for Digital Innnovation for our introduction of Teladoc Health Robots. It is a recognition of our commitment to keep our patients and staff safe using innovative technological solutions from around the world. Covid-19 has been the bigg

*Amrita Vidyalayam’s Students Win UNESCO’s National level Creative Competition, H2Ooooh for spreading Awareness about Water Conservation*

 • This creative competition encourages school children in the age group of 6-14 years to contribute their ideas in the form of stories and drawings on the rising water crisis in India New Delhi, October 22, 2021: Two school students of Amrita Vidyalayam - Thalassery: Abhiram Shine Nair (class 3) and Nythika Sajith (class 6) were adjudged the winners of UNESCO’s H2Ooooh!, a national-level creative competition that aims at making school children of India ‘waterwise’. The project encourages youngsters (6 to 14 years old) to make creative contributions to spread awareness about - and find solutions for, water scarcity, sustainable use, water conservation, safeguarding water resources, and other water issues.   A drawing by Abhiram Shine Nair and a story by Nythika Sajith made them the winners of the competition phase and competition-cum-training phase of H2Ooooh!, respectively. Their contributions will be used to create animation videos focusing on water protection and its sustainable us

*Shri Rajneesh Karnatak assumes charge as Executive Director of Union Bank of India*

 Mumbai, October 22, 2021: Shri Rajneesh Karnatak toady assumed charge as Executive Director of Union Bank of India.   Shri Rajneesh Karnatak was the Chief General Manager of Punjab National Bank. A post-graduate in Commerce and a Certified Associate from Indian Institute of Bankers (CAIIB), Shri Karnatak comes with a rich banking experience of over 27 years along with diverse Branch and Administrative Office experience.  As General Manager in erstwhile Oriental Bank of Commerce, he has headed large Corporate Credit Branches and verticals such as Credit Monitoring, Digital Banking and Mid Corporate Credit. Post the amalgamation of Oriental Bank of Commerce into Punjab National Bank, he started heading the Credit Review & Monitoring Division and Corporate Credit Division. Shri. Karnatak has attended various training and Leadership Development Programs from IIM-Kozhikode and JNIDB Hyderabad and has also taken part in Advance Management Programme at IMI (International Management Insti

*RapiPay strengthens its Micro ATM market, has sold over one lakh Micro ATMs in first year of launch*

 - To develop Micro ATMs as a hybrid device that will work as a POS machine  Delhi, 21 Oct 2021: RapiPay, one of the leading assisted payments Fintech companies announced that it has sold over one lakh Micro ATMs since it began operations last year. This indicates that the company is well on track of its expansion plan to install 5 Lakhs micro-ATMs in the coming years.   As technology-led developments are taking place at a faster pace, RapiPay is all set to make micro-ATMs as hybrid devices that will work as mPOS i.e. Mobile Point of Sale machines. This will enable the consumers to swipe not just their debit card but also credit card for any purchase/transaction at a RapiPay outlet.   "RapiPay Micro ATMs are revolutionary in comparison to the conventional ATMs and offers utmost ease to the consumers enabling them to withdraw cash and do other similar banking activities at any RapiPay Direct Business Outlet. We have also seen a rise in the daily average transaction value for micro-

*RV University launches Ph.D. Programme to promote research*

 Bengaluru, 21st October 2021: In its quest to be a research-intensive University, Bengaluru-based RV University (RVU) has launched a Ph.D. programme in its very first academic year. In the current admission cycle, the Ph.D. programme will be offered in the School of Liberal Arts and Sciences and the School of Economics and Finance. A practice-based Ph.D. will be available in the next admission cycle in the School of Design. In the School of Liberal Arts and Sciences, the focus areas for Ph.D. are Film Studies; Organisational Psychology; Law; Philosophy and Interdisciplinary Studies; Political Science (Indian Political Thought and Indian Politics); International Relations; Modern Indian History (Socio-Cultural History of Modern India) and Indology. In the School of Economics and Finance, applications are invited in the fields of Economics; Marketing; Finance and Banking; Organisational Behaviour & Human Resources; and Strategy. Both full-time and part-time Ph.D. options are availab