Geeta Nair

Articles By Geeta Nair

311 Articles

LIC likely to grow by 20% in FY20, says chairman MR Kumar

LIC had sold around 2 crore policies in the last five years, he said. In the current year, the Indian life insurance business reported a new business premium of Rs 1.69 lakh crore of which LIC had garnered about Rs 1.2 lakh c

LIC, LIC growth, Life Insurance Corporation, economy news, NIA, National Insurance Academy News

Poonawalla Finance debuts in digital lending space

The company started lending operations in April 2019 with a focus on the retail segment with small-ticket size products under personal loan, unsecured business loan, and professional loan category.

prince pipe, prince pipe ipo, prince pipe anchor investment News

Mumbai and Pune lead in Rera registered properties

The deployment of Rera across India is increasing as around 46,480 projects and 36,671 real estate agents have been registered under Rera as on November 2019.

Rera registered properties, MahaRERA, Mumbai, Pune, Maharashtra, Rera implementation, Anarock Property Consultants News

GKN Aerospace opens 2nd unit

The Indian arm, GKN Fokker Elmo India, will manufacture electrical wiring interconnection systems at the new plant in Chakan.

Industry News

Exports & aftermarket sales help autocomponent makers withstand turbulence

The OEMs’ poor performance during the downturn has impacted autocomponent makers but the latter are still better off than the OEM industry.

Passenger vehicle retail sales jump 11 percent in Oct 2019 1on festive demand says FADA News

Piaggio to take swappable battery route for electric vehicles

Piaggio and SUN Mobility will be piloting the first of these electric product and charging infrastructure in Pune and Bengaluru. The network of quick interchange stations will enable electric three-wheeler drivers to swap bat

Car News

Google Pay grows 3x in India in 12 months

Google Pay now has 67 million active users who use it at least once a month.

Google Pay, Next Billion Users, Sajith Sivanandan, UPI, Google Pay transactions, Google Pay for Business, QR codes, digital payments News

Ratan Tata invests in EV start-up Tork Motors

Tork Motors sees the Tata investment as a milestone moment in its journey as it gears up for the launch of its flagship electric motorcycle in the next few months. Tata’s representative visited the plant, took a look at the

Bike News

GST may have flaws, will correct them: FM Sitharaman

On disinvestment plans, Sitharaman said that the IRCTC IPO got a good response and it indicated that the market was ready for good disinvestment proposals.

Economy News

Solar thermal players eye 10 per cent growth after GST rate cut

Solar thermal industry players are confident of getting back into the boom trajectory and expect the sector to clock a growth of 10% after the reduction of GST rate on inputs for solar components from 18% to 5%.

Economy News

Mercedes Benz wants 25% of India sales to be online by 2025

Mercedes started offering e-commerce solutions for pre-owned cars in India from Tuesday and plans to extend the facility to new cars from January 2020.

Car News

Serum Institute opens world’s largest vaccine facility

The facility, set up with an investment of Rs 3,000 crore, is getting ready to export Made in India vaccines to regulated markets like Europe and the US and will produce half-a-billion doses annually.

Spread across 2 million sqft, the facility will cater to 150 countries News

Torrent Gas acquires 3 firms to expand city gas distribution business

The fresh acquisitions take the company’s reach to 16 geographical zones in 32 districts and seven states.

Torrent Gas, Torrent Pharma Group, city gas distribution, Mahesh Gas Pune, Mahesh Group, Siti Energy Moradabad, Dholpur CGD Essel Group, Pune Natural Gas News

Amazon’s Pune delivery centre its largest in India

The Pune delivery centre will serve the IT hub that has a workforce of close to 4.5 lakh people who live within a radius of 20 km.

Amazon, Amazon Pune delivery centre, Maharashtra,  Hinjewadi, IT hub, News

Fashion enabled: Adaptive clothing for people with disabilities

An initiative in adaptive clothing for people with disabilities.

Lifestyle News

Vehicle test facility, engineering course add to electric vehicle ecosystem

Companies are working on their electric vehicles and it takes around a year to test and validate a vehicle, he said, adding that ARAI has already started certifying electric vehicles.

Vehicle, test facility, engineering course add to electric vehicle, EV, electric vehicles, eV, FAME, FAME scheme, auto sector, auto industry, india, EV in india, EV   charger, EV   charging,  News

Thermax to shut manufacturing facility, exit China

China accounted for half of the world market for these chillers and there was significant cost arbitrage of manufacturing so the company ventured into that market.

Thermax, Thermax manufacturing facility, china, vapour absorption systems, Chinese imports, industry news

Pune-based Maxlink in a joint venture with South African firm to make microlight aircraft

The two-seater Bat Hawk light aircraft runs on a Rotax engine that can be run on petrol (16 litre per hour) and has six hour flying capability.

Maxlink, Pune comapnies, Maxlink joint venture, South African firm, Maxlink microlight aircraft, Micro Aviation News

Nagpur Metro giving infra projects a good name

The `8,680-crore project has two lines – the North-South Orange corridor (19.6 km) and the East-West Aqua corridor (18.5 km)

Nagpur Metro, infra projects in maharashtra, Maharashtra Metro Rail Corporation Ltd, Brijesh Dixit, Maha Metro, Devendra Fadnavis, Union Road Minister Nitin Gadkari, nagpur infrastructure News

Half of Maharashtra farmers unhappy with PMFBY: Report

About 50% of Maharashtra farmers are unhappy with the performance and implementation of the Pradhan Mantri Fasal Bima Yojana (PMFBY), says a report.

Economy News

Health and tech: Why sleep matters in the digital age

Snoozfit, a sleep disorder diagnostics and management firm, has developed a non-contact device to get insights into one’s daily sleep and body recovery patterns.

Health News

Quick Ride makes carpooling a hit; redBus joins the party

While Quick Ride has more than 2 m users, rPool, from redBus, has started operations in Pune, Bengaluru and Hyderabad.

Industry News

Bajaj Auto Q1 PAT up a tad at Rs 1,126 crore

The company ended Q1FY20 with an 18.3% market share.

Bajaj Auto Q1 PAT, Bajaj Auto, three wheeler EV, motorcycle sales News

Bajaj Finance posts highest ever quarterly profit

Net interest income increased 43% to Rs 3,695 crore from Rs 2,579 crore in Q1FY19.

Bajaj Finance, Bajaj Finance quarterly profit, Gross NPA, NBFC, DHFL, Bajaj Finserv PAT News

Why online brands are going offline to tap fast-growing used car market

At a time when new car sales are down, used car sales are growing.

automobile sector, automobile industry News

Ujjivan Small Finance Bank forays into EV financing

Banks and financial institutions have long been reluctant to finance electric vehicles (EV). Manufacturers of EV have struggled with this and it has impacted their growth as well as adoption.

Sensing a gap and need in the market, Ujjivan Small Finance Bank has entered the space. (Website image) News

Rasna Buzz marks brand’s entry into non-alcoholic bar business

Rasna’s very first mocktail bar, Rasna Buzz, has started serving people in Pune. More such bars will come up in Mumbai over the next few months.

On the menu will be soda-based drinks, milkshakes, sundaes and specially created mocktails with emphasis on Indian ingredients News
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