Finance Ministry said that more than one lakh 33 thousand crore rupees Gross GST Revenue was collected during the month of February 2022. It said that the collection of revenues for the month of February this year is 18 percent higher than the GST revenues in the same month last year and 26 percent higher than the GST revenues in…
Read MoreAuthor: Shubhra
T S Ramakrishnan appointed as new MD and CEO of LIC Mutual Fund
LIC Mutual Fund announced T S Ramakrishnan as its Managing Director and Chief Executive Officer. Ramakrishnan took charge from March 1, 2022. In his position, Ramakrishnan will succeed Dinesh Pangtey, its former Wholetime Director and CEO. LIC Mutual Fund is one of the oldest and leading mutual fund operating in India. offer a complete basket of 26 products covering debt,…
Read MoreIndia ranks 3rd in billionaire population globally: Knight Frank
The number of ultra-high-net-worth-individuals (UHNWIs) has globally increased by 9.3% in 2021. Over 51,000 people have seen their net assets increased to US$30m or more. In India, the number of UHNWIs (net assets with US$ 30m or more) has grown by 11% YoY in 2021, the highest percentage growth in APAC, according to Knight Frank’s latest edition of The Wealth…
Read MoreGoogle, MeitY partner to equip Indian startups build apps and games
Google has partnered with the Ministry of Electronics and Information Technology (MeitY) Startup Hub to help 100 Indian startups build high-quality global apps and games. The US-based company has announced the Appscale Academy Class of 2022 that will train these startups on UX design, business model and monetization strategies, international expansion best practices, and data safety and security practices, as…
Read MoreYash Raj Films names Akshaye Widhani as CEO
Film production and distribution company Yash Raj Films has named Akshaye Widhani as chief executive officer. Widhani was serving as senior vice-president, finance and business Affairs and head of operations at YRF Studios. Widhani who joined YRF 17 years ago, has been responsible for setting up and running several business verticals for the company. Points to Note: Akshaye Widhani named…
Read MoreUnion Bank of India, Ambit Finvest tie-up for co-lending to MSMEs
Ambit Finvest has signed a co-lending agreement with Union Bank of India (UBI) for lending to Micro, Small and Medium Enterprise (MSME) customers. Ambit Finvest is the non-deposit taking Non-Banking Financial Company (NBFC) of the Ambit Group. This tie-up will enable underwriting for enterprises in 11 states that are currently covered by Ambit Finvest. Points to Note: Ambit Finvest agreement…
Read MoreTamil Nadu CM MK Stalin unveils ambitious skill development scheme for students
Tamil Nadu Chief Minister M K Stalin launched an ambitious skill development scheme for students in the state, with the initiative aimed at honing the educational skills, knowledge, talent and efficiency of 10 lakh youth annually. Titled ‘Naan Muthalvan’ (I am first), this was his dream scheme, Stalin said, even as its launch coincided with his birthday. ‘Muthalvan’ also roughly…
Read MoreFSSAI to introduce health star rating for packaged goods
Packaged food products in India will soon be labelled with an official health star rating (HSR), a top official at Food Safety and Standards Authority of India (FSSAI) said. The rating will be the first such in India, a country burdened with lifestyle diseases, and is aimed at guiding consumers to opt for healthy food. The HSR format ranks a…
Read MoreIIT Madras and NIOT conduct OCEANS 2022 in India for the first time
Indian Institute of Technology (IIT) Madras and National Institute of Ocean Technology (NIOT), Chennai, are jointly conducted OCEANS 2022 Conference and Exposition, the bi-annual event for global marine researchers, technologists and engineers, students, and policymakers, from Feb 21-24. OCEANS is being conducted in India for the first time, coordinated by the department of Ocean Engineering, IIT Madras, on behalf of…
Read MoreRafael Nadal beats Cameron Norrie to win Mexican Open title
Rafael Nadal maintained his unbeaten start to 2022 by beating British number one Cameron Norrie 6-4 6-4 to win the Mexican Open. It is the 91st title of Nadal’s career and a fourth in the Mexican city, having won his first as an 18-year-old in 2005. Nadal, who also triumphed in 2013 and 2020, is now the tournament’s youngest and…
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