Insights

MSME Credit Surges In Sept 2023, Over INR 21 Lakh Crore Allocated

Opportunity India Desk Nov 06, 2023 - 3 min read

Scheduled commercial banks extended INR 21.69 lakh crore in credit to micro, small, and medium enterprises (MSMEs) as part of priority sector lending in September 2023, an increase of 17.2 per cent compared to the INR 18.50 lakh crore deployed in September 2022, as per the Reserve Bank of India's (RBI) latest sectoral ...

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Cautiously Incorporating AI Into Healthcare: A Conversation With AI4Rx

Opportunity India Desk Nov 06, 2023 - 5 min read

In a rapidly evolving healthcare landscape, the integration of artificial intelligence (AI) has emerged as a transformative force. The World Health Organization (WHO) has recognized the immense potential of AI in healthcare and recently outlined key regulatory considerations to ensure its responsible implementation. Transparency and documentation, risk management, data validation and clear communication ...

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Infosys Bags Multi-year Deal With EV Maker Smart Europe GmbH

Opportunity India Desk Nov 03, 2023 - 2 min read

IT services company Infosys has bagged a five-year deal with electric vehicle (EV) maker smart Europe GmbH to transform their Direct-to-Customer (D2C) business model in Europe. Under the deal, Infosys is also expected to provide enhanced customer experience, data-driven personalisation and engagement for the existing model smart. Jasmeet Singh, EVP and ...

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Raymond Forays Into EV Components Biz, Picks Stake In MPPL

Opportunity India Desk Nov 03, 2023 - 3 min read

Raymond Group on Friday announced its foray into aerospace, defence and electric vehicles (EV) components business and acquired 59.25 per cent stake worth INR 682 crore in Maini Precision Products Limited (MPPL). Raymond expects the transaction to be completed in the ongoing financial year, the company said in a stock exchange ...

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Govt Reserves 75% Of Defence Procurement Budget For Strengthening MSMEs: Rajnath Singh

Opportunity India Desk Nov 03, 2023 - 3 min read

In order to strengthen the country's micro, small, and medium enterprises and make them ‘Aatmanirbhar’ through purchases, the government has reserved 75 per cent of the defence capital acquisition budget, which amounts to nearly INR 1 lakh crore, said Defence Minister Rajnath Singh. The Minister highlighted various steps taken for the ...

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PURE Launches Diwali Special-Vehicle Exchange Programme

Opportunity India Desk Nov 03, 2023 - 2 min read

PURE, a leading E2W manufacturing company on Friday launched Vehicle Exchange Programme pan India with inviting all dealers to conduct vehicle exchange camps at their outlets from November 6 to 9 based on the region. Customers will embark on a journey of extraordinary savings, with an unprecedented Referral Scheme showering INR 40,000 in ...

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CBSE To Set Up Office In UAE Soon, Says Education Minister Dharmendra Pradhan

Opportunity India Desk Nov 03, 2023 - 2 min read

Union Education Minister Dharmendra Pradhan has said that the Central Board of Secondary Education (CBSE) will soon open an office in the UAE. Minister made this announcement on his three-day visit to Abu Dhabi. Speaking to media, Pradhan said, “UAE-India relations are in a good state today. In a strategic partnership, ...

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TPEM And JLR Share Platform To Accelerate Development Of ‘Avinya’ Series

Opportunity India Desk Nov 03, 2023 - 3 min read

The Tata Passenger Electric Mobility and Jaguar Land Rover have signed MoU for the licensing of JLR’s Electrified Modular Architecture (EMA) platform for a royalty fee for the development of TPEM’s ‘premium pure electric’ vehicles series ‘Avinya’ on the EMA platform. According to the company, JLR’s EMA platform will underpin JLR’s ...

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OP Jindal Global University, Pace University Sign Agreement For Short-Term Study Abroad Programme

Opportunity India Desk Nov 02, 2023 - 4 min read

OP Jindal Global University and US based University on Thursday signed an agreement for a short-term study abroad programme for its students followed by the visit of a delegation from Pace University, New York, led by Professor Marvin Krislov. This much-anticipated visit emphasized the commitment of both institutions to nurture long-term ...

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GeM Services Procurement Sees Nearly 8X Surge, Value To Reach INR 1.5 Trillion This Fiscal

Opportunity India Desk Nov 02, 2023 - 3 min read

The procurement of services from the Government e-Market (GeM) portal is anticipated to reach INR 1.5 lakh crore during this fiscal year, primarily driven by increased acquisitions by government ministries and departments. As per an announcement from the Ministry of Commerce, the value of services procured through GeM has witnessed a ...

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