ConnectBiz Team 
Three out of four firms participating in an industry survey said the current economic environment is favorable for private investment. The interim results of the survey conducted by the Confederation of Indian Industry (CII) on investment, jobs and wages show that more than 97 percent of the firms can increase employment in the financial years … Read more
At a time when personal loans are easily available to people, EMI or monthly installment calculator has emerged as an essential digital tool. This has made the decision of taking loan easier for millions of people. Such features now feature prominently on banks’ websites and other financial platforms, changing the way borrowers plan and manage … Read more
Electric vehicle (EV) maker OPG Mobility (formerly Okaya EV) is planning to raise Rs 400 crore in the next 18 to 24 months to fund its growth plans. Managing Director of the company, Anshul Gupta said that the company intends to expand its portfolio and network. OPG Mobility MD said that the company has recently … Read more
The real effective exchange rate (REER) of the Indian rupee fell to 107.20 in December from a high of 108.14 in November. According to the latest data of Reserve Bank of India, REER in January 2024 was 103.66. In the year 2024, the rupee had declined by 2.8 percent against the dollar, whereas so far … Read more
Super Car Club Garage (SCCG), a car restoration service provider invested by Gautam Singhania, Chairman and Managing Director (CMD) of Raymond, is in talks with the Central Government for restoration. . The company is trying to get a license from the government to import foreign vehicles, refurbish them and then export them. Currently, Indian regulations … Read more
The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic partnership with ITC Limited, a diversified conglomerate, to support startup units in the manufacturing sector. “Under this partnership, ITC intends to bring startup solutions in key areas such as digital platform for Manufacturing Execution Systems (MES), centralizing renewable energy opportunities … Read more
Soon you will be able to withdraw money from your Provident Fund (PF) account through ATM. The government is going to make such arrangements from this month i.e. January itself. Labor Ministry Secretary Sumita Dawra has made such an announcement recently. He said that such a scheme has been designed to ease access to PF … Read more
India’s startup landscape has seen tremendous change and progress in the last decade. The sector has grown rapidly due to reforms like Startup India initiative, removal of angel tax and simplification of reverse flipping rules. Today, India has become the third largest country in the world with 1.59 lakh DPIIT-recognized startups and 110 unicorns. Startup … Read more
Dublin-headquartered AI-security startup Inspec AI on Thursday announced its entry into the Indian market by opening its first office in Bengaluru. According to the company statement, there are 25 employees in the office. There are plans to hire an additional 50 employees in engineering (software and services), operations and customer-facing roles over the next few … Read more
Sovereign Gold Bond 2019-20 Series VIII premature redemption: 35th in the country (SGB 2019-20 Series VIII) Bond holders are getting the opportunity to sell Sovereign Gold Bond before maturity today on Tuesday (January 21, 2025). This bond will mature on 21 January 2028. However, only bond holders who have applied for it can redeem this … Read more