Department for Promotion of Industry and Internal Trade (DPIIT) has inked a partnership with HDFC Bank, India's largest private sector bank by assets, by signing an MoU to empower startups with world-class banking and financial services.
The collaboration aims to strengthen the overall startup ecosystem by offering knowledge sharing, mentorship,
and capacity-building programs to foster innovation and growth.
Startups will benefit from customized banking and financial products designed to cater their specific requirements, such as working capital, credit access, and cash flow management.
Dr Sumeet Kumar Jarangal- Director Startup India.
In a bid to virtually empower startups in the manufacturing sector, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Tally Solutions Pvt Ltd, a renowned leader in business management software.
Pertinently, this strategic partnership is aimed at introducing a comprehensive, module-based workshop series, tailored to address critical challenges faced by startups in areas such as financial management, compliance, marketing, digitization, and investment preparedness.
Key features of this collaborative initiative by Tally include:
Free One-Year Rental Licenses of Tally Prime software for participants.
Targeted Modules covering critical business areas such as accounting principles, tax compliance, marketing strategies, digitization tools, and investor readiness.
Networking Opportunities with industry mentors and peers.
Post-Workshop Support to ensure sustained learning and operational improvements.
Notably, Tally Solutions will offer hands-on training, case studies, and expert-led sessions to help startups streamline operations, adopt scalable business practices, and position themselves for long-term growth.
On 4 December 2000, the UN General Assembly (UNGA) designated 18 December as International Migrants Day, taking into account the large and increasing number of migrants in the world. Through its resolution A/RES/55/93, the UNGA invited Member States and others to observe the Day through the dissemination of information on human rights and fundamental freedoms of migrants,
the sharing of experiences, and the design of actions to ensure protection of migrants.
The UNGA chose 18 December for the Day to mark the anniversary of the 1990 adoption by the UNGA of the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families (A/RES/45/158).
Veteran classical singer and harmonium artist, Pandit Sanjay Ram Marathe, died at a hospital in Thane, Maharashtra, his family announced. He was 68.
Pandit Sanjay Marathe was the eldest son of the legendary musician Pandit Ram Marathe.
Pandit Sanjay Marathe has left behind a rich legacy of Indian classical music and theatre.
He received prestigious awards and honours for harmonium playing and singing. He actively participated in various programs organised on the occasion of his father's birth centenary this year.
With the help of his younger brother Mukund Marathe, Pandit Sanjay Marathe revived and staged the famous Marathi musical drama 'Sangit Mandarmala'.
The Reserve Bank of India (RBI) said that it has lifted business restrictions imposed on ECL Finance and Edelweiss Asset Reconstruction Company (ARC) – both part of the Edelweiss Group – in May this year, after being satisfied with the remedial measures undertaken by the companies to address the central bank's concerns.
Edelweiss ARC was directed to cease and desist from acquisition of financial assets, including security receipts (SRs) and reorganising the existing SRs into senior and subordinate tranches.
RBI has lifted with immediate effect the supervisory restrictions on ECL Finance and Edelweiss ARC, acknowledging their successful resolution of earlier concerns.
Jasprit Bumrah shattered another record of India legend Kapil Dev after he picked up two quick wickets during Australia's second innings in the third Test match of the Border-Gavaskar Trophy series. The twin strikes with the new ball saw Bumrah as new record holder for the most wickets in Australia by an Asian.
He is currently the leading wicket-taker in the contest with 21 scalps in just six innings at 10.71. The next best is Australia's Mitchell Starc. Overall, his tally of 21 wickets is the sixth-best figure by an Indian in a tour of Australia.
Moreover, Bumrah also matched his 2018/19 series tally, as he became the second Indian bowler to pick 20-plus wickets in two separate tours of Australia. Anil Kumble was the first to the feat - 24 wickets in 2003/04 and 20 wickets in 2007/08.
Biocon Group Chairperson Kiran Mazumdar-Shaw was conferred the prestigious Jamsetji Tata Award by the Indian Society for Quality (ISQ) for pioneering the biosciences movement in India.
The Jamsetji Tata Award, instituted in 2004 by ISQ recognises business leaders who have made significant contributions to Indian society.
The Award was announced at the ISQ Annual Conference 2024, held in Bengaluru.
Mazumdar-Shaw received the award from Janak Kumar Mehta, President of ISQ and Chairman and Managing Director, TQM International.
The Indian REITs Association (IRA) has appointed Alok Aggarwal, Managing Director and Chief Executive Officer of Brookfield India Real Estate Trust, as its new Chairman.
Established in 2023 under the guidance of the Securities and Exchange Board of India (SEBI) the Indian REITs Association is a non-profit trade organization that supports the growth
and development of India’s Real Estate Investment Trust (REIT) sector.
Its founding members include Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust.
Aggarwal is an alumnus of IIT Delhi, where he earned his engineering degree, and ISB Hyderabad, where he completed his MBA.
Bank of Baroda, one of India’s leading public sector banks, has launched innovative Phygital branches aimed at enhancing customer banking experiences by seamlessly integrating physical and digital services.
These Phygital branches are equipped with advanced features like 24/7 self-service kiosks, a video contact center for non-financial services, and universal service desks
to provide in-person assistance. By combining the familiarity of traditional brick-and-mortar banking with the efficiency of modern technology, the initiative caters to the diverse needs of customers.
Key Features of Phygital Branches:
24/7 Self-Service Kiosks
Video Contact Centre
Universal Service Desks
24/7 ATM e-lobby
Bank of Baroda’s Phygital branches underline its commitment to staying at the forefront of banking innovation, offering a seamless blend of technology and customer-centric services in the digital-first era.
Headquarters- Vadodara, Gujarat , India
Debadatta Chand is the current Managing Director and CEO of BOB.
Federal Bank, a leading private sector bank in India, has announced a strategic partnership with Ecofy, the country’s first green-only NBFC backed by Eversource Capital, to empower MSMEs with innovative financing solutions for commercial rooftop solar installations.
This collaboration is among the first comprehensive co-lending initiatives aimed at addressing the solar financing needs of the MSME sector.
The program aims to finance 3,600 kW of rooftop solar installations annually, enabling MSMEs to significantly reduce electricity costs while cutting over 2,500 tons of CO2 emissions each year.
Ecofy, with its proven expertise in residential and commercial solarization, has partnered with leading OEMs like Tata Power, Waaree, Luminous, and Mahindra Solarize, as well as over 1,000 EPC partners. This collaboration is set to address financial constraints that have long hindered MSMEs from transitioning to renewable energy.
