In collaboration with Kissandhan Agri Financial, Dvara Solutions
Through this partnership, Kissandhan will make use of Perdix, the main product of Dvara Solutions, which includes its co-lending module, platform services, reporting, loan origination system, and loan administration system.Kissandhan Agri Financial Services Pvt Ltd (Kissandhan), an RBI-regulated NBFC and a fully owned subsidiary of Sohan Lal Commodity Management Limited (SLCM), has established a strategic alliance with Dvara Solutions.Through this partnership, Kissandhan will make use of Perdix, the main product of Dvara Solutions, which includes its co-lending module, platform services, reporting, loan origination system, and loan administration system.More than 20 institutions currently use Dvara Solution's Perdix, which enables the management of more than ₹15,000 crore in assets. Kissandhan will improve its capacity to provide medium-term loans, group loans, farmer loans, and microloans against property (Micro LAP) by implementing Perdix. As of April 30, 2025, Kissandhan had already given out ₹3,263.99 cr in loans to farmers, affecting almost 7 lakh farmers and 37,185 women who received loans in the agricultural and related sectors. Through tight adherence to regulatory standards, the integration seeks to improve client experience, promote growth and operational efficiency, and streamline Kissandhan's end-to-end loan lifecycle operations.Our goal at Kissandhan is to empower farmers and business owners throughout the Agri and Rural ecosystem by offering financial solutions that meet international standards. This partnership demonstrates our dedication to building a cooperative ecosystem, increasing efficiency and transparency throughout the whole loan lifecycle, and giving our clients and borrowers peace of mind. By collaborating with Dvara Solutions, we will be able to provide customized financial products more quickly. According to Gurinder Singh Sehmbey, CEO of Kissandhan Agri Financial Services, "the Perdix platform integration will further streamline our lending processes, allowing us to provide customized loans to a wider range of segments, in rural eco system."
Published 13 May 2025 08:56 PM
The bulk of the electric 3W firm Astro Motors is acquired by Remsons Industries.
The majority stake in Astro Motors Private Ltd, an electric three-wheeler manufacturing company, will be acquired for ₹14.22 crore in an equity and cash deal by Remsons Industries Ltd, an automotive OEM components manufacturer that supplies two, three, and four-wheeler vehicles, commercial vehicles, and off-highway vehicles in India and to automotive OEMs worldwide.The company Astro Motors is involved in the development and production of electric vehicles for micromobility, loaders, passengers, and cargo.With a facility in Chakan, Pune, Astro supplies gear technology with a range of 131 kilometers and payload capacity of 747 kg.The business, which intends to introduce its product this year, has hired dealers and is growing its network throughout India. "This purchase is a crucial step in our quest to expand in a sustainable way," stated Rahul Kejriwal, Executive Director of Remsons Industries. "We see a lot of room for growth in this segment as we continue to expand our portfolio. We also want to establish our presence in the rapidly growing electric three-wheeler segment while opening up new business opportunities," he continued.The majority (51.01%) of the electric three-wheeler firm Astro Motors has been purchased by Remsons Industries. The ₹14.22 crore transaction is made up of both cash and shares. Electric three-wheelers are developed and produced by Astro Motors for a range of uses, such as weight carrying, passenger transportation, and cargo.
Published 17 Apr 2025 09:02 PM
Renault will buy Nissan's 51 percent share in its Indian auto manufacturing division.
According to news agency Reuters, the Renault Group declared on Monday, March 31, that it intends to purchase the remaining 51% of Renault Nissan Automotive India Private Ltd, which is owned by the Japanese carmaker.Nissan controls 51% of the Chennai-based subsidiary Renault Nissan Automotive India Private Ltd, which began operations in 2010, according to the news report.At the beginning, the Japanese automaker owned 70% of the company, with the Paris-based Renault holding 30% as well. As part of the agreement to invest $600 million to manufacture six automobile models in India, Nissan's stake decreased from 70% to 51% in 2023.According to the agency report, Renault and Nissan also declared on Monday that they had reached an agreement to modify their long-standing relationship by allowing the decrease of their cross-shareholdings to 10% from the previous 15% levels. In the official statement referenced in the story, Renault CEO Luca de Meo stated, "As Nissan's primary shareholder and a longstanding partner within the alliance, Renault Group has a strong interest in seeing Nissan turn around its performance as quickly as possible."Nissan will no longer be bound by the agreement's revised terms to invest in Renault's electric vehicle (EV) division, Ampere. At first, the business intended to invest 600 million euros in the EV project.
Published 01 Apr 2025 09:33 PM
Fachmann Berater and Cornerstone India Consulting have announced their merger.
Fachmann Berater Executive Search Pvt Ltd, situated in Chennai, and Cornerstone India Consulting, the Indian division of Atlanta-based Cornerstone International Group, a top 20 global executive search firm, have agreed to an operational merger.Cornerstone India Consulting's growth goals of becoming a leading executive search brand will be expedited by the combination. Additionally, according to a release, Fachmann Berater's clientele, which is dispersed across a variety of industries, and its unique skills will undoubtedly help Cornerstone achieve its operational and strategic goals, benefiting all of our stakeholders.Fachmann Berater Executive Search Pvt Ltd, situated in Chennai, and Cornerstone India Consulting, the Indian division of Atlanta-based Cornerstone International Group, a top-20 worldwide executive search firm, have agreed to an operational merger.
Published 25 Mar 2025 08:44 PM
The NIFTY50 hovers above 22,800, the SENSEX jumps 1,131 points, and the whole market shines as well.
The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000.Tuesday, March 18, saw a 1.5% increase in the Indian stock market due to strong buying in the financial and metals sectors and outperformance by the overall market. The encouraging global cues also improved market sentiment. The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000. The NSE's NIFTY50 index closed 325.55 points, or 1.45%, higher at the 22,834.30 level, while the S&P BSE SENSEX closed at 75,301.26, up 1,131.31 points, or 1.53%. Out of the 3,016 equities that were traded on the NSE, 2,288 scrips rose, indicating that the market attitude continued in favor of bulls. At the end of the day, the smallcap and midcap indices both saw gains of nearly 2.8%. On Tuesday, all sectoral measures ended the day higher.Investors are also anticipating updates about tariffs and the US Fed's interest rate decision.
Published 18 Mar 2025 06:09 PM
How have portfolio managers performed in terms of returns when comparing mutual funds and PMS?
Current Market News Live Updates for Today: Watch the market wrap-up for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top winners and losers. See which sectors drove the growth (or drop) and how the US and Asian markets performed. Summary: For up-to-date information on your favorite businesses, follow Mint's market blog. This blog provides you with up-to-date information about global markets and Dalal Street.Late September 2024 saw the top of the Indian equity market, with many large-, mid-, and small-cap companies reaching all-time highs. But ever since, the market has been in a gloomy mood as investor morale has been affected by headwinds including high valuations, a slowdown in profitability, uncertainties around international trade, etc. As of February 21, 2025, the BSE Sensex has down 12.2%, the BSE Midcap has fallen 18.6%, and the BSE Smallcap index has fallen 20.5% from its peak.Based on 5-month returns, NAV decreases of 4–26% have been recorded for equity mutual funds across all categories as a result of the market's severe downturn.
Published 01 Mar 2025 07:41 PM
Highlights of the Budget and Economic Survey: As the budget session starts, FM Nirmala Sitharaman presents the Indian economy report.
Highlights of the Budget and Economic Survey: On January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey, which examines the Indian economy, governmental policies, and prospects for the future. It discusses socioeconomic problems including poverty and education as well as macroeconomic performance.Highlights of the Budget and Economic Survey: On January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey to Parliament, which will include a thorough examination of the Indian economy with an emphasis on a few important areas. Economic Survey: What Is It? The Indian economy's performance, governmental policies, and prospects for the next fiscal year are all summarized in the Economic Survey. It is separated into two sections: Part A examines economic performance, focusing on fiscal trends and macroeconomic statistics, while Part B discusses socioeconomic concerns like poverty, education, climate change, and the prospects for GDP growth, inflation, and trade.The Economic Survey is created by whom? The Department of Economic Affairs' economic section, led by Chief Economic Advisor (CEA) V Anantha Nageswaran, prepares the Economic Survey. The Economic Survey will be presented by whom? One day prior to the budget speech, on January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey to the Parliament.
Published 31 Jan 2025 10:22 PM
EUR/USD remains firm as Trump raises tariffs cautiously
As US President Donald Trump announced lower-than-expected tariffs on China, EUR/USD stayed strong above 1.0400. ECB's Lagarde cautioned that the Euro bloc should be ready for US tariffs, while ECB's Stournaras said that if the US imposes tariffs on the Eurozone, the pace of policy easing could quicken.In Wednesday's North American session, the EUR/USD maintains its rise above the crucial support level of 1.0400. As investors assess the United States' (US) clear tariff measures to construct new positions, the key currency pair continues to rise. Following a new two-week low of 107.75, the US Dollar Index (DXY), which measures the value of the US dollar relative to six major currencies, recovers intraday losses.United States (US) President Donald Trump is ready to hike 25% tariffs on Mexico and Canada and 10% on China, which will come into effect on February 1. Although he hasn't given specifics yet, Trump has also pledged to address trade imbalances with the Eurozone. Trump stated on Monday that he would either "raise tariffs or Europe buy more US oil and gas" to address the trade deficit. The US Dollar's (USD) demand as a safe haven is declining as a result of these tariff calls, which seem less alarming than what market players had expected from Trump's remarks during the election campaign.Traders may be forced to reduce their bets on the Federal Reserve (Fed) to maintain interest rates at their current levels for an extended period of time if Trump's tariff rises are less drastic than anticipated. Market investors currently anticipate that for the next three policy sessions, the Fed will maintain borrowing rates between 4.25% and 4.50%.
Published 22 Jan 2025 09:56 PM
Axar Patel leads DC to a decisive victory over Rishabh Pant's LSG on a night that contrasts for the captains.
Returning to Lucknow for the first time since his unsatisfactory dismissal from the team, KL Rahul ended the game with a spectacular six to go undefeated in a run-chase with a 42-ball 57.On a night full of stories at Lucknow's Ekana Stadium, the Delhi Capitals won by 8 wickets in a 160-run chase, solidifying their status as this season's title contenders. KL Rahul, who is making his first appearance in Lucknow after his unsatisfactory dismissal from the team, ended the game with a spectacular six to go undefeated in a run chase with a 42-ball 57. In the twelfth over of their respective innings, LSG and DC both lost their second wicket. Axar Patel entered when a composed Abishek Porel collapsed. At this point, DC was only under a little pressure to take a few wickets, but it might have grown complicated because new batters take time to get comfortable. With two sixes over the midwicket zone, his favorite hit against spin, Axar took out Ravi Bishnoi in the very next over after Avesh Khan had dismissed him after four dot balls.In the following over, facing Avesh once more after being outscored by a few deliveries, he decided to take a chance and hit a four to try to clear the fielder at mid-off. The most impressive stroke came from Shardul Thakur, who took up a not-so-short ball with the weight still on his backfoot and sent it over long on for a six.
Published 23 Apr 2025 08:56 PM
Nitish Rana on RR not selecting him for Super Over against DC despite 51 off 28: "One person never takes the call."
Despite hitting 51 off 28 balls against the Delhi Capitals, Nitish Rana was left out of the Super Over lineup as the Rajasthan Royals entered with Hetmyer and Riyan Parag.Nitish Rana remained in the middle until the 18th over of the chase after smashing 51 off 28 balls. At the Arun Jaitely Stadium in New Delhi on Wednesday, the Rajasthan Royals sent neither batsman to bat despite Yashasvi Jaiswal's 51 off 37 balls in the Super Over against the Delhi Capitals. Eyes were rolling when Shimron Hetmyer and Riyan Parag came out to bat in the Super Over. Rana wasn't even on the list of the three batters for the Super Over, but Jaiswal was chosen to bat following a wicket fall.RR's choice proved to be a poor one as Mitchell Starc of DC cramped the Hetmyer for space with yorkers and the reverse swing, allowing him to begin the Super Over with a dot ball. The Australian bowler was hit for four after missing his mark on the next delivery, but he recovered with another low full toss in the third ball. A single was taken by Hetmyer.Starc's low full toss was hit by Riyan Parag over third man for a boundary, sometimes known as a no-ball. After it appeared that RR would easily reach 15 with three balls left, the game took yet another sharp turn. RR was bowled out for just 11 as Parag and Jaiswal were ran out in the following ball.KL Rahul and Tristian Stubbs smash two sixes in the first three balls of Sandeep Sharma's Super Over to give DC a historic victory, so the total was insufficient. Following the game, Nitish Rana stated that the decision to send Riyan Parag and Shimron Hetmyer instead of him for the Super Over was made by the RR management. Rana said he didn't have an alternative response, adding that if Hetmyer had hit a couple of sixes in the Super Over, the questions would have been different."The call is answered by management, not a single individual. Along with two other senior players and coaches, the captain is present. You wouldn't be asking this question if Shimron Hetmyer had hit two sixes. I'll respond with the same response. I have no other response. Every choice we made was the right one. Everyone knows that Hetmyer is our finisher. During the press conference, Rana stated, "He has previously delivered."
Published 17 Apr 2025 09:05 PM
Who Won CSK vs. RR, Match 11 in Yesterday's IPL 2025 Match?
The outcome of yesterday's IPL 2024 match between CSK and RR: Watch the most recent IPL action as CSK and RR square off in the 2025 season's first game. Get all the match information and updates here, along with the results of the encounter.The highly anticipated Match 11 between the Chennai Super Kings (CSK) and Rajasthan Royals (RR) in the Indian Premier League (IPL) 2025 season was played at the Barsapara Cricket Stadium in Guwahati.Chennai Super Kings (CSK) lost against Rajasthan Royals (RR) by a margin of six runs. First to bowl, RR amassed 182 runs. Despite pursuing the objective, CSK ended up at 176 for 6 in 20 overs. The Rajasthan Royals (RR) defeated the Chennai Super Kings (CSK) by 6 runs in the March 30 IPL 2025 match. After two losses earlier in the season, this victory was RR's first. In contrast, CSK lost this game for the second time in a row.Highlights of the IPL 2025 match between the Rajasthan Royals and Chennai Super Kings: Wanindu Hasaranga takes four wickets to help the Royals overcome the Super Kings by six runs.
Published 31 Mar 2025 08:23 PM
India's bold strategy aids in a quick T20 reconstruction
The world champions are creating an environment where players perform well without worrying about keeping their spots in the squad or taking wickets.Kolkata: Although it's early, the process and outcomes give hope that India would successfully defend the T20 World Cup at home the following year. Despite the pessimism caused by the Test and ODI transition issues, India's T20 trajectory stands out thanks to series victories against South Africa, Bangladesh, Sri Lanka, Zimbabwe, and now England. Even more so when one considers that Kuldeep Yadav, Shubman Gill, Jasprit Bumrah, Rishabh Pant, and Yashasvi Jaiswal have not been parachuted in.This is most likely a greater accomplishment. However, they have approached it virtually undetected. No culture of stars. Verify. No set order for batting. Verify. Just a group of young, talented, and incredibly self-assured cricket players going about their business without worrying about career curves. By the way, all IPL linchpins.Captain Suryakumar Yadav acknowledges his lack of quality as he is left off the Champions Trophy roster. Abhishek Sharma thinks a ball is there to be struck, hence he doesn't count returns. As long as Tilak Varma is at the crease, the second Twenty20 match in Chennai demonstrated that no equation is too difficult. And the fact that India lost to 12/3 and then 79/5 at Pune on Friday, yet still managed to score 181, demonstrated that the previous game's disaster chasing in Rajkot was really a fluke. The realization that not everything can be managed lies at the core of this long-term upsurge. Earlier this week, Sitanshu Kotak, India's new batting coach, said it. "To achieve a score of 200 or 225, and if you are
Published 04 Feb 2025 04:28 PM
An account of the water battles between India and Pakistan by Jawaharlal Nehru and Mohd Ali Jinnah
Both leaders chastised Cyril Radcliffe for proposing to operate the Indus river-canal system as a joint Indo-Pak enterprise. His final effort to resolve the ongoing conflict that keeps coming up was that.Muhammad Ali Jinnah scolded Cyril Radcliffe a few weeks prior to his drawing the famous Line that separated India and Pakistan in August 1947. The Boundary Commission chairman was informed by Pakistan's founder that he preferred "deserts to fertile fields watered by courtesy of Hindus." Jawaharlal Nehru would then give a dressing-down as part of the "joint Hindu-Muslim rebuke."It was not Radcliffe's fault. His largest task in dividing the land was to assign control of the irrigation system, which was "built, with a good deal of British inspiration, largely by Sikh money, design, and sweat" to channel river waters through a system of intricate canals to the arid west, "turning the province into the granary of India" in order to combat the oppressive heat caused by a delayed monsoon in the soon-to-be divided Punjab. The majority of the land they irrigated was in the west, which would eventually become Pakistan, but the five rivers that provided the water were all in the east and would always fall under India. Radcliffe proposed to Jinnah and Nehru, via the Viceroy, that they administer this river-canal system as an Indo-Pakistan joint enterprise after realizing that Partition "vitally threatened" the vast watering network.
Published 07 May 2025 05:32 PM
Exclusive: As the BJP seeks caste balance in the AIADMK alliance, Annamalai may resign as TN chairman.
"Delhi sees a bright future for him," the youthful Annamalai, whose assertive position on issues has given the BJP publicity in Tamil Nadu, if not political success thus far, was informed.As coalition negotiations between the parties pick up steam, K Annamalai, who is regarded as a major factor in the 2023 split between the AIADMK and BJP, may resign as head of the BJP Tamil Nadu. However, according to BJP sources, caste equations will be the reason rather than "punishment." The BJP does not want a Gounder to represent both the party and the AIADMK in the 2026 state elections if the parties run together. Edappadi K. Palaniswami, the leader of the AIADMK, shares Annamalai's heritage as a member of the powerful backward community and the Gounder-dominated western Kongu region. According to BJP insiders, the first official moves for a reconciliation between the BJP and AIADMK were taken when Annamalai met with Union Home Minister Amit Shah in Delhi shortly after Shah's meeting with Palaniswami."Delhi sees a bright future for him," the youthful Annamalai, whose combative approach to issues has given the BJP visibility in Tamil Nadu, if not political success thus far, was told. The leadership responded by saying that Annamalai was expected to trust the party and adhere to its strategy.It is thought that Annamalai declared her total allegiance to the party. According to a top BJP leader, "he expressed that he has no regrets about his dedication to the party and is even willing to work as a mere cadre." "Annamalai remains a key figure in the party's long-term strategy for Tamil Nadu, whether or not he leaves his position as state president," stated another politician. It is unclear if he will assume a national function or a different state job.
Published 02 May 2025 09:50 PM
Congress leader Mallikarjun Kharge said, "Nothing in case...troubled unnecessarily" in reference to the ED's chargesheet in the National Herald case.
After the Enforcement Directorate (ED) issued a chargesheet against Rahul and Sonia Gandhi, the leaders of the Congress party, in relation to the National Herald case, Congress President Mallikarjun Kharge accused the central government on Wednesday of "unnecessarily troubling" Congress leaders.In an interview with ANI, Kharge claimed that the BJP was breaking the law and pledged to stage protests against the decision across the country. "The case contains nothing... Financial difficulties caused it to close for a while. Sonia Gandhi used donations and loans to try to bring it back to life. They now claim that taking out a loan is improper. The BJP is operating illegally. We will demonstrate that what is wrong is wrong. Our advantage. The Congress President stated, "It is his personal matter," in reference to businessman Robert Vadra's ED grilling in the Gurugram land case. He has the ability to respond. The party has no influence over it.Top Congressmen Rahul Gandhi and Sonia Gandhi were the targets of a prosecution complaint (chargesheet) submitted by the Enforcement Directorate (ED) a day earlier in relation to the National Herald money laundering case. Congressman Sam Pitroda, Suman Dubey, and a number of businesses are also named on the chargesheet.
Published 16 Apr 2025 07:41 PM
Why Gujarat was the subject of the first special resolution at the AICC session before the 2027 elections
The resolution lays out a plan for the Congress's 30-year absence from power in Gujarat, including resurrecting the organization, promising a caste census, and taking Gandhi and Sardar Patel's lead.Two days after the All India Congress Committee (AICC) session in Ahmedabad concluded with the passing of a Gujarat-specific special resolution outlining the party's agenda for the 2027 Assembly elections, Congress national president Mallikarjun Kharge sent a video message to Gujarati partymen saying, "Aap gharon se bahar nikaliye, badlav aapki pratiksha mein hai (Step out of your homes, change is waiting for you). "Kharge added that Ahmedabad's hosting of the first AICC session in the state since 1961 and an extended Congress Working Committee (CWC) meeting at Sardar Patel Smarak in Shahibaug on the banks of the Sabarmati river on April 8–9 "proved" his party's "active and combative" organization in Gujarat, where it has been out of power for roughly 30 years.Despite being pumped up, Congress leaders expressed doubts about the cadres' ability to stay motivated until the elections, especially party veterans and young leaders.In a sudden move, the party leadership on Saturday designated one AICC observer and four Pradesh Congress Committee (PCC) observers for each of the 41 DCCs. The DCCs will convene in Modasa, Aravalli district, on Monday to supervise the appointment of DCC presidents.
Published 14 Apr 2025 09:05 PM
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