Demonetization, digital India gave a positive push to financial services sector and will continue to aid the sector, said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.He further said that digital India and disruptive technologies will enhance the reach and scope in the Financial Services industry.The impact of Prime Minister Narendra Modi's initiatives of demonetisation and Digital India has been positive in terms of increasing financial penetration in India – the financial services sector has gained, while Jan Dhan has introduced the vast ‘unbanked’ segment of India’s population to structured financial institutions.Close “These initiatives have fostered increased financial penetration in India,” said Sikka. related news Growth outlook: Are businesses and consumers more to the point than RBI? E-tickets may cost more, IRCTC plans to reimpose service charge: Report Digital payments in India to more than … [Read more...] about Digital, disruptive tech to enhance reach in fin services industry: Reliance MF CEO
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As Veterans Day rolls around each year, calls to honor the people who have served in the U.S. Armed Forces escalate. Commercials of soldiers joyfully reuniting with their families begin to air. And let’s not forget the bargains that are available during Veterans Day sales. advertisement advertisement But, the daily reality for many veterans is starker: 1.4 million veterans live in households that participate in Supplemental Nutrition Assistance Program, according to Center on Budget and Policy Priorities, a progressive think tank. A Department of Housing and Urban Development study found that on a single night in January 2018, over 37,800 veterans were experiencing homelessness. More than 40% of the 4.2 million veterans from Operation Enduring Freedom, Operation Iraqi Freedom, and Operation New Dawn screen positive or reported that they were told by a health professional that they have a mental health condition. Finding a new civilian life Approximately 200,000 people … [Read more...] about This startup helps match veterans to the support services they need
The anticipation for Qatar 2022 FIFA World Cup officially started when the emblem for the event was unveiled in Doha, the capital of the country, on September 3. The logo was released at 8:22 pm local time (10:52 pm Indian time).Thousands of people arrived to witness the event that released the emblem onto a number of iconic buildings across the country, including Souq Waqif, Katara Cultural Village Amphitheatre, Burj Doha and Al Zubarah Fort - a UNESCO World Heritage site.Flashed on big screens and projected onto landmarks worldwide, the 2022 Qatar World Cup logo was revealed with a design that reflects both the tournament's compact infrastructure and winter schedule. Using the colours of the Qatari flag, the white emblem is set against a maroon background and it finally provides an image for football’s most controversial tournament beyond construction sites.Close It was inspired by the contours of the World Cup trophy with the unbroken loop depicting a figure of eight - the … [Read more...] about Qatar 2022 World Cup logo unveiled, official emblem projected onto UNESCO World Heritage site
A meeting of the Congress working committee is underway on November 11 morning to decide on whether to support the Shiv Sena in forming the government in Maharashtra, sources said.Top Congress leaders are discussing the issue at a crucial meeting of the working committee chaired by party chief Sonia Gandhi, according to the sources.The CWC is the highest decision-making body of the Congress.Close Follow our LIVE blog for the latest updates on government formation in Maharashtra related news If BJP not keeping promise, no point continuing alliance: Sanjay Raut Malaysian court tells former PM Najib Razak to defend himself in 1MDB-linked case Hectic deliberations have started since November 10 over the Congress' participation in government formation in Maharashtra after the Shiv Sena was invited by the governor to form the government.Senior Shiv Sena leader Sanjay Raut on November 11 said if the BJP was not willing to fulfil its promise of sharing the chief minister's post … [Read more...] about Congress meet underway to decide on supporting Shiv Sena
Shares of Amber Enterprises India gained 2.8 percent intraday on November 11 after reporting a strong set of earnings in the September quarter.The stock has rallied more than 40 percent in the last nine months. It was quoting at Rs 987, up Rs 13.60, or 1.40 percent, on the BSE at 1042 hours IST.Amber, the prominent solution provider for air conditioner OEM/ODM, continued its strong performance, beating revenue estimate by 10 percent. The Room Air Conditioner (RAC) volumes grew at an impressive 127 percent YoY, as continued demand for RACs even in a lean season and new customers supported the growth.Close The skew in product mix toward Indoor Units (IDUs) led to lower gross margins, which in turn restricted EBITDA growth. The operating performance of subsidiaries was encouraging, with better performance on the margin front. related news Bull run intact? Experts say Moody's India downgrade may only have short-term implications Eicher Motors Q2 FY20: Weak numbers, … [Read more...] about Amber Enterprises reports strong Q2 earnings; should investors buy, sell or hold?