Inclusion Financial News

It didn’t take long for Nellie Borrero to encounter racism in 1986 when she joined a major consulting firm that was the predecessor to Accenture

Muthoot Microfin, one of the few listed pure-play microfinance lenders, said that its assets under management grew 32% year-on-year while loan collection efficiency improved leading to improvement in profitability. The NBFC-MFI's (non-banking finance company-microfinance institution) AUM stood at Rs 12,194 crore at the end of March compared with Rs 9,208 crore a year ago. Loan disbursement during FY24 also rose 32% to R. 10,662 crore over the preceding fiscal. Its collection efficiency, a meric to assess the extent of loan repayment from ground-level borrowers, stood at 98.4%. The numbers are according to the provisional data submitted to stock exchanges.

₹20 crores for the period of October 2016 to March 2017 and APril to June 2017.In an exchange filing, the company said it has received a notice, "Confirmation of demand of Service Tax / reversal of Cenvat Credit Aggregating to ₹ 19,33,79,337/- inclusive of applicable cess on account of non-payment/short payment of service tax pertaining to the period of October 2016 to March 2017 and April to June 2017, along with interest thereon at applicable rate and imposition of Penalty aggregating to equivalent amount".The company said, its subsidiary Securitrans India will appeal against this decision in the applicable forum.Stock Market Today Live : Wipro, L&T, Adani Green, Vi, Cochin Shipyard, ZEEL, Titan, are a few stocks likely to be in focus on Monday, April 8.Stock Market Today Live : Godrej Properties informed the exchanges today that it has sold over 1,050 homes with over 2 million square feet area in its project in Gurugram, Haryana.The company said its project, Godrej Zenith, located in Sector 89, Gurugram has proven to be its most successful launch in terms of the value and volume of sales achieved.Stock Market Today Live : The local equity market is anticipated to start off on a positive note on Monday, mirroring the uptrend seen in global counterparts.Most Asian markets exhibited an upward trend, and the US stock market experienced a surge on Friday following an impressive jobs report. The trajectory of the market this week will be influenced by several crucial corporate and macroeconomic data releases.Joseph Thomas, Head of Research at Emkay Wealth Management, commented, "The past week saw the domestic markets making gains, buoyed by robust macroeconomic data, particularly PMI numbers.

Indonesia, following its recently concluded elections, wants to usher in new socio-economic initiatives under President-elect Prabowo and has approached India to adopt best practices in mid-day meal scheme and digital inclusion. Notwithstanding the Ramadan period and election process in India, Mochammad Firman Hidayat, Deputy Coordinating Minister of Maritime Resources, Coordinating Ministry of Maritime Affairs and Investment, Indonesia led a high-level delegation on a visit to India last week. The working visit was aimed at fostering collaboration in the field of biotechnology, digital inclusion, agriculture, and to study the world’s largest free school lunch programme with the objective of implementing a similar programme to provide quality meals to school students in Indonesia, officials said. The proposal for mid-day meal schemes in schools is mentioned in Prabowo’s election manifesto.

The net outflow came after a staggering investment of Rs 35,000 crore in March and Rs 1,539 crore in February, data with the depositories showed.

Lok Sabha Elections 2024: The Election Commission of India's Suvidha platform has seen a surge of activity since the announcement of the 2024 Lok Sabha Elections and enforcement of the model code of conduct (MCC), the body has said in a press release on April 7. Suvidha has got more than 73,000 applications from political parties and candidates, of which 44,600 requests have already been approved, the ECI added.

₹110,000 to ₹144,000, ex-showroom, inclusive of government incentives, the Ather Rizta has a proportioned seat to accommodate two passengers, and a spacious flat floorboard. The company's TVS iQube, meanwhile, is priced at ₹136,000 and higher. “When we launched the Ather 450S, we thought price was the big hiccup preventing us from selling more," Mehta said.

Lok Sabha elections scheduled to take place in seven phases beginning from April 19. The chief minister, on the sidelines of a Lok Sabha election rally in Jorhat constituency, condemned the Congress poll promise document, calling it a politics of appeasement. “In India, no one wants the revival of triple talaq or support child marriage or polygamy.

IPL. However, his unbeaten 113 was all in vain as Bengaluru’s 183/3 in 20 overs was not enough to stop Rajasthan Royals (RR) at home. Jos Butler became the second player in IPL history, after KL Rahul, to score a century in his 100th appearance.

Wipro Limited on Saturday announced Srinivas Pallia as its Chief Executive Officer and Managing Director, effective immediately, according to the exchange filing on BSE. Pallia will succeed Wipro's former CEO Thierry Delaporte, who stepped down from the post after four years “to pursue passions outside the workplace". Srinivas Pallia will be based in New Jersey and will report to Wipro's Chairman, Rishad Premji.

India Inc. As television viewership for the first ten games of IPL jumped to a historic high of 35 crore, a clutch of organisations like Milagrow, Manipal Hospitals, Olyv, Lendbox, and Revfin are bringing the tournament's excitement to the workplace with more than just match screenings. This season of the Indian Premier League commenced on March 22 and will wrap up on May 26.

Leh district, restricting any processions, rallies or marches, ahead of climate activist Sonam Wangchuk's 'border march' on April 7. As per the new order, the following directions were issued: 1. No procession/rally/march etc shall be taken out by anyone without the prior approval of the District Magistrate, Leh, in writing. 2. No one shall use the vehicle mounted or other loudspeaker without prior approval from the competent authority.

NEW DELHI : Nestle India’s board has approved a staggered increase in royalty payout to the company’s Swiss parent Société des Produits Nestlé S.A. The consumer goods company will hike its payout to Nestlé S.A.

Defence Staff (CDS), General Anil Chauhan, delivered a significant address to future leaders of the armed forces at the Defence Services Staff College in Wellington, Tamil Nadu. He emphasized the critical need for military leaders to adapt to the evolving character of warfare, underlining the importance of «inter-services synergy.» General Chauhan highlighted the need for military leaders to adapt to the «changing character of war» and underscored the importance of «inter-services synergy» During his visit, General Chauhan was briefed by the Commandant on the ongoing training activities at the college, with a focus on fostering jointmanship and inter-services awareness. He also discussed the transformative reforms implemented in the Indian military in response to emerging security challenges.

Mr. Abhay Soi, Chairman & Managing Director, Max Healthcare Institute Limited, as its new President for FY 24-25. Mr.

₹10,000 crore towards the AI mission highlights the importance of leveraging cutting-edge technologies to drive inclusive growth. By providing support for AI research, the government is paving the way for startups to harness the power of AI to tackle complex challenges across sectors. The initiative to open India’s mutual fund industry to small-ticket investments marks a significant milestone in financial inclusion and saving.

AI offers a unique chance to meld cultures, ideas and knowledge into a unified canvas of innovation. With AI poised to inject $15.7 tn into the global economy, its role extends beyond mere economic growth to being a pivotal force of societal transformation. This potential has captured the focus of policymakers worldwide, as we witness several national laws, multilateral guidance and global summits to ensure effective regulatory oversight. However, the pace of AI innovation will surpass the speed at which new regulations can be developed. While regulatory frameworks are indispensable, they are not sufficient to navigate advancements and complex dynamics of the AI sector. A broader, more inclusive approach to governance that transcends conventional regulatory strategies is essential. This approach demands the cultivation of an AI ecosystem rooted in openness and transparency, a fertile ground where deliberation, diversity and even dissent are not just welcomed but are incentivised pathways towards achieving consensus on ethical and responsible AI training, development and deployment.

Nazara Technologies will acquire intellectual property rights pertaining to Ultimate Teen Patti from Games24x7 for Rs 10 crore, the company said in a regulatory filing. Launched in 2015, Ultimate Teen Patti (UTP) is a free casual card game for entertainment purposes only and does not offer any real money to the players. «Next Wave Multimedia Private Limited, a subsidiary of the company, at their meeting held today i.e. on April 04, 2024, has approved the acquisition of all the Intellectual Property rights pertaining to the 'UTP — Ultimate Teen Patti' casual freemium card game software and associated trademarks,» the filing said.

salary thresholds for overseas workers, including Indians, applying for the UK's Skilled Worker visas kicked in on Thursday, as part of tough new measures announced earlier to cut Britain's overall migration figures. For those applying under the Skilled Worker visa route, the salary threshold for an application will rise from GBP 26,200 to GBP 38,700 — an increase of 48 per cent. The UK Home Office said it forms part of a «robust and fair package of measures», which will mean 300,000 people who arrived in the UK last year would now not be able to and also prevent undercutting of domestic workers by cheap overseas labour. «It's time to turn off the taps and end the flow of cheap workers from abroad. Mass migration is unsustainable, and it's simply not fair. It undercuts the wages of hard-working people who are just trying to make ends meet,» said UK Home Secretary James Cleverly.

United States and its Western allies are feuding with Russia over its diamond production, but they joined forces Wednesday to keep supporting the Kimberley Process, which aims to eliminate the trade in "blood diamonds" that helped fuel devastating conflicts in Africa. At a U.N. General Assembly meeting, its 193 member nations adopted a resolution by consensus recognizing that the Kimberley Process, which certifies rough diamond exports, «contributes to the prevention of conflicts fueled by diamonds» and helps the Security Council implement sanctions on the trade in conflict diamonds.

Also Read: From premiums to claims process: Decoding key terms in insurance policies | 8 points The Memorandum of Understanding (MoU) was signed in Mumbai, with Rajive Kumaraswami, MD & CEO of Magma HDI General Insurance, Baskar Babu Ramachandran, MD & CEO of Suryoday Small Finance Bank, and other prominent figures from both organizations in attendance. Speaking on the occasion, Rajive Kumaraswami stated, “Our partnership with Suryoday Small Finance Bank marks a significant milestone in the company’s journey, strengthening our reach and distribution through the corporate agency.