Insights

EV Manufacturers Granted INR 5,294 Crore Subsidy Under Phase-II Of FAME Scheme

Opportunity India Desk Dec 19, 2023 - 2 min read

The Ministry of Heavy Industries has granted a subsidy amounting to INR 5,294 crore to electric vehicle manufacturers. The initiative is part of the second phase of the 'Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India' program. According to a statement by Minister of State for Heavy Industries, Krishan Pal ...

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GoMechanic Launches EV Service For Fleet Aggregators

Opportunity India Desk Dec 19, 2023 - 2 min read

GoMechanic has announced its latest initiative, ‘Electric Vehicle Services’, catering to India's key fleet operators in the electric vehicle (EV) sector. As part of its expansive strategy, GoMechanic is broadening its service portfolio from Internal Combustion Engine (ICE) vehicles to Electric Vehicles, collaborating with leading industry fleet leaders. In the upcoming ...

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PURE EV Introduces Innovative Exchange Program For Countrywide EV Adoption

Opportunity India Desk Dec 18, 2023 - 3 min read

PURE EV has launched an Electric Vehicle (EV) Exchange Program, aimed at promoting the adoption of electric vehicles (EVs) across the nation. The initiative, designed to promote the transition from traditional internal combustion engine (ICE) two-wheelers to electric alternatives, has garnered substantial attention, drawing participation from over a thousand individuals. The ...

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OSM, ReadyAssist To Launch Roadside Assistance Program For Three-Wheelers

Opportunity India Desk Dec 18, 2023 - 2 min read

Omega Seiki has recently announced a strategic collaboration with ReadyAssist to roll out a comprehensive roadside assistance program for Omega Seiki's three-wheelers. In the inaugural phase, ReadyAssist's Roadside Assistance (RSA) initiative is set to cover all currently deployed Omega Seiki Mobility (OSM) vehicles. As the partnership progresses into its second year, a retail subscription plan ...

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RBI Regulations Spike NBFCs' Borrowing Costs

Opportunity India Desk Dec 18, 2023 - 3 min read

A month subsequent to the Reserve Bank of India's (RBI) announcement of stricter regulations governing credit to non-banking financial companies (NBFCs), the borrowing costs for these entities have surged significantly. Simultaneously, banks are also experiencing heightened expenses for funds amid tight liquidity conditions within the banking system. Data from the Clearing ...

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Exponent Energy Secures USD 26.4 Million Funding, Eyes Expansion To E-Bus Segment

Opportunity India Desk Dec 15, 2023 - 3 min read

Bengaluru-based energy-tech startup, Exponent Energy, has raised USD 26.4 million in its recent Series B funding round, headed by Eight Roads Ventures. This financing effort also saw a contribution from TDK Ventures, alongside continued support from existing investors such as Lightspeed, YourNest VC, 3one4 Capital, AdvantEdge VC, and the family office of Dr ...

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Google Plans Digital Push To Unlock Country’s MSME Potential

Opportunity India Desk Dec 15, 2023 - 2 min read

Google is set to make a strategic investment in digital payments, aiming to strengthen the micro, small, and medium enterprise (MSME) market in India, according to Sanjay Gupta, the country head and Vice President of Google India. Beyond payments, Google aims to enhance India's MSME potential through initiatives focused on financial ...

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Space Startups Attracted Over INR 1,000 Crore Pvt Investments Since April

Opportunity India Desk Dec 15, 2023 - 2 min read

India's space sector startups have attracted private investments exceeding INR 1,000 crore since April in the current financial year, said Union Minister Jitendra Singh, adding that the country's space economy currently stands at USD 8 billion, with projections indicating a manifold increase to USD 100 billion by 2040. Singh also highlighted ...

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Indian Banks Extend Global Reach With 417 Subsidiaries In 2022-23

Opportunity India Desk Dec 14, 2023 - 2 min read

In the fiscal year 2022-23, Indian banks expanded their global footprint through subsidiaries, reaching a total of 417 compared to 399 in the previous fiscal year, according to data released by the Reserve Bank of India (RBI). The RBI's survey on International Trade in Banking Services 2022-23 revealed a 0.5 per ...

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TAISI, Dreamtime Learning Partner To Revolutionize Futuristic Education

Opportunity India Desk Dec 13, 2023 - 2 min read

Dreamtime Learning founder Lina Ashar has joined The Association of International Schools of India (TAISI) as a distinguished board member. The collaboration includes a partnership with Dreamtime Learning, bringing innovative curriculum solutions to over 200 member schools associated with TAISI. As part of this strategic collaboration, TAISI has partnered with Dreamtime ...

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