Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
Gone are the days when you had to visit a bank to deposit cash. With a new facility introduced for UPI users, you can now deposit cash directly into your account through ATMs without the need for a debit card. Axis Bank and Union Bank of India have already rolled out this feature, and it is expected to be available across other banks and ATMs soon. This new service, known as UPI-ICD, has been launched by the Reserve Bank of India (RBI) in collaboration with the National Payments Corporation of India (NPCI). Through this system, you can deposit cash into…
After months of restrictions, IIFL Finance received some relief on September 19, 2023, when the Reserve Bank of India (RBI) lifted the ban that had prevented the company from giving new gold loans since March 2023. Nirmal Jain, co-founder and managing director of IIFL Finance, shared his thoughts on the situation in an interview, shedding light on the valuable lessons learned and the company’s future plans. Risk Can Come from Unexpected Places, Compliance is Non-Negotiable Nirmal Jain emphasized that one of the biggest takeaways from the six-month ordeal is the unpredictable nature of risks in business. He pointed out that…
China is stepping up its efforts to boost its economy by making loans cheaper and increasing liquidity. In a rare move, the country’s top three financial regulators will come together for a press conference, signaling the seriousness of the situation. This comes after a series of interest rate cuts, with the latest aimed at providing financial support ahead of the country’s National Day holidays. Loan Rate Cuts Signal Urgent Action The People’s Bank of China (PBOC) has cut the 14-day reverse repurchase rate from 1.95% to 1.85%. This latest cut is part of a broader push by the central bank…
The tragic death of a 26-year-old employee from Ernst & Young (EY) has sparked widespread concern about the toxic work environments many professionals face in India. Anna Sebastian Perayil, a Chartered Accountant who joined EY just four months ago, passed away, and her family claims her death was due to extreme pressure and long working hours. Her case is not an isolated one, and many are now questioning the practices of multinational companies (MNCs) operating in India. A Husband’s Account: The Dark Side of Corporate Life Bangalore-based Akash Venkata Subramaniam recently shared his own family’s troubling experience with EY. In…
Vodafone Idea (VIL), one of India’s major telecom players, has announced a significant step toward advancing its 5G and 4G network infrastructure. The company has awarded a massive ₹30,000 crore contract to technology giants Nokia, Ericsson, and Samsung. This deal, signed for three years, focuses on providing 4G and 5G network equipment to enhance VIL’s service capabilities across India. This is not just another deal but the largest telecom equipment contract awarded by any Indian operator this year. As Vodafone Idea battles its debt burden and strives to reclaim its market position, this deal represents a major turning point in…
Amid the global economic slowdown, India continues to stand out as a beacon of growth. Deloitte South Asia’s CEO, Romal Shetty, has expressed confidence that the Indian economy will expand at a rapid pace, projecting a 7% growth rate for the current financial year (2024-25). This optimistic outlook comes despite the global recession, geopolitical tensions, and other economic headwinds. According to Shetty, inflation in India is under control, rural demand is on the rise, and vehicle sales are picking up. He attributes these factors to India’s resilience in the face of worldwide economic challenges. “While the global scenario remains gloomy,…
Fifty years ago, a quiet revolution began in the streets of Delhi. In 1974, four Mother Dairy milk booths opened in Defence Colony, Malviya Nagar, and RK Puram, marking a significant milestone in India’s dairy industry. Delhiites were introduced to an entirely new way of buying milk, with vending machines delivering fresh milk at the drop of a coin. The brand, Mother Dairy, born out of Operation Flood under the National Dairy Development Board (NDDB), has since grown into a massive network supplying 35 lakh liters of milk daily across 2,500 outlets in Delhi-NCR. A Vision Born from Operation Flood:…
In the Indian edible oil market, recent price changes have captured the attention of both traders and consumers. While mustard and soybean oil prices have shown an upward trend, groundnut (peanut) oil prices have dropped. Other oils like cottonseed and crude palm oil (CPO) have also seen price shifts, largely influenced by fluctuating demand, new crop arrivals, and supply chain adjustments. Mixed Trends in Edible Oil Market The past week brought a mixed bag of outcomes for different edible oils. Mustard oil, soybean oil, crude palm oil, and cottonseed oil prices rose due to lower supply of soft oils, particularly…
In a significant step towards sustainable waste management, the central government has announced financial support for startups focused on recycling waste. Union Environment Minister Bhupendra Yadav revealed that the government will be providing one-time financial assistance to these startups to help address the increasing waste problem across the country. This initiative is part of a broader plan to promote energy and water conservation, along with banning single-use plastics. Yadav shared these details after participating in a beach cleanup drive at Juhu Beach, Mumbai, as part of the International Coastal Cleanup Day celebrations. He emphasized the importance of recycling and stressed…
Indian hospitality company Oyo is set to make waves in the American market. The Ritesh Agarwal-led company recently announced the acquisition of G6 Hospitality, a leading hotel chain in the US, in a cash deal worth $525 million (approximately Rs 43.8 billion). This acquisition includes popular brands Motel 6 and Studio 6, which are well-established in the US economy lodging sector. Oyo has been growing its footprint in the United States over the past five years and already manages more than 320 hotels across 35 states. This deal is expected to accelerate Oyo’s expansion strategy, with plans to add 250…