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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102268) | |
21801. This woman entrepreneur’s online fitness training startup has grown by 4x in four years
- Jyoti Dabas (Gurugram) started the Institute of Nutrition and Fitness Sciences (INFS) in 2016 with an initial investment of Rs 3,000 and clocked revenues worth Rs 3 lakh in the first month. Four years later, it has grown by 4x, accelerated by the need for fitness during the pandemic.
- “I wasn't entirely sure of what I wanted to do in the fitness industry and so started a personal blog, answering common questions on fitness and weight loss. And I made sure to provide science-backed solutions from research papers,” she told HerStory.
- “The team is expanding in size phenomenally. We are adding more courses and I have to look and make sure we are addressing the right needs in the market,” Jyoti adds.
21802. [Funding alert] QSR startup Charcoal Eats raises Rs 16Cr from Lokmat Investments
- Mumbai-headquartered quick service restaurant (QSR) Charcoal Eats
- Founded in September 2015 by Anurag Mehrotra, Krishnakant Thakur, Mohammed Bhol, and Gautam Singh, Charcoal Eats is a tech-enabled, Indian QSR startup that delivers high-quality, modern Indian flavours to its patrons.
- It will use the fresh fund to strengthen its presence in different parts of the country, as well as invest in brand building.
21803. [Tech30 Special Mention] This spacetech startup is attempting to propel satellites in a cost-effective and sustainable manner
- “We Founded by IIT Bombay alumni Tushar Jadhav and Ashtesh Kumar in 2017, Manastu Space has developed a green satellite propulsion system that is 25 percent more powerful, and 60 percent cheaper than the conventional systems.
- “Satellites need small rocket engines also called thrusters to change their orientation or orbit while in space. The fuel that is used in these thrusters — hydrazine — is extremely noxious. In fact, the European Union, as well as a few other countries, are looking to ban it. So, we at Manastu worked towards building an efficient alternative for this,” Tushar Jadhav, Co-founder, Manastu Space, tells YourStory.
- Manastu Space’s I-Booster consists of an engine, fuel tank, catalyst, and other vital parts like thrusters. The propulsion system’s function revolves around the chemical compound of hydrogen peroxide, as well as a proprietary high-temperature catalyst.
21804. [Startup Bharat] How Jaipur-based iAssure is giving new life to people in smaller towns
- Abhishek Tiwari founded iAssure in 2015. The Jaipur-based startup aims to increase insurance penetration in semi-urban and rural areas
- The insurtech startup claims to have issued close to half a million policies so far, and has been able to scale up to Rs 9 crore turnover in five years. It will use the fresh fund to strengthen its presence in different parts of the country, as well as invest in brand building.
- “iAssure aims to solve the problem of lack of awareness, trust, digitisation, and distribution in semi urban and rural markets, which is home to eighty percent of the Indian population. iAssure also aims to bridge the deficit of trust by getting the transaction executed through a hyper local trusted resource who talks to the customer in his own language. It’s a sociable, sustainable, and scalable business model,” says Abhishek.
21805. Ashok Leyland to supply 200 trucks to Bangladesh govt
- Ashok Leyland, the flagship of Hinduja Group, has announced the supply of 200 trucks to the Bangladesh government. These trucks will be a part of a project from India under a $ 2 billion line of credit announced by Prime Minister Narendra Modi.
- Ashok Leyland had won the tender floated by Bangladesh government for 135 fully built trucks comprising three tonne trucks, hydraulic beam lifter and sewerage sucker which have already been handed over from India to the roads and highways department in the current financial year.
- Ashok Leyland is one of the leading commercial vehicle brands in Bangladesh and has more than 50 touch points across the nation. Apart from supplying many vehicles from India, the company also assembles their range of trucks, buses, and LCV vehicles locally at IFAD Auto Dhamrai plant in Bangladesh.
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21806. India exported $1.02 billion worth of tractors in Apr-Dec 2021
- India exported tractors worth USD1.025 billion during the first nine months of the current financial year, the Commerce and Industry Ministry said
- India’s export of tractors rose by more than 72 per cent to $1025 Million during April-December 2021 compared to $594 million during April-December 2013.
- The major destination for export of tractors is USA (25.2 per cent), Nepal (7.3 per cent), Bangladesh (6.5 per cent), Thailand (5.4 per cent) and Sri Lanka (5.3 per cent), according to data released by the Ministry of Commerce and Industry.
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21807. India signs deals to export 4.6 million tonnes sugar in 2021/22, says trade body
- Dalmia Bharat Sugar and Industries | The company clocked higher profit at Rs 56.58 crore in Q3FY22 against Rs 37.10 crore in Q3FY21, revenue rose to Rs 615.67 crore from Rs 605.78 crore YoY.
- Indian mills have signed contracts to export 4.6 million tonnes of sugar in the 2021/22 marketing year without government subsidies, a leading trade body said .
- Mills have already dispatched 3.7 million tonnes since the start of the marketing year on Oct. 1, but in the past few weeks they have struggled to dispatch on time owing to scarcity of railway freight trains, the All India Sugar Trade Association (AISTA) said.
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21808. Telangana: Rail coach factory established by private group ready for inauguration
- Telangana state will soon have one of the largest private rail coach factories in the country. State Industries Minister K Taraka Ramarao tweeted this stating that the rail coach factory established by a private group at Kondakal in Rangareddy district is ready for inauguration soon.
- The thousand-crore rupees project will manufacture rail coaches, locomotives, intercity train sets, metro trains and monorails.
- The facility has an annual capacity to manufacture 500 coaches of various types and 50 locomotives and provide over two thousand jobs.
21809. Union Bank Q3 net rises nearly 50% to Rs 1,085cr
- Union Bank of India reported a net profit of Rs 1,085 crore for the quarter ended December 2021, an increase of 49.3% over Rs 727 crore in the corresponding quarter of the previous year.
- Total deposits of the bank stood at Rs 9.4 lakh crore at the end of the December quarter, an increase of 6.2% over Rs 8.8 lakh crore at the end of the corresponding year-ago quarter. The low-cost current and savings account deposits grew faster at 11% to Rs 3.5 lakh crore. The bank’s advances rose 2.7% to Rs 6.7 lakh crore from Rs 6.5 lakh crore a year earlier.
- The profits rose on the back of an 8.9% increase in net interest income (NII) to Rs 7,174 crore in the third quarter, up from Rs 6,590 crore in the corresponding quarter of the previous year. NII grew faster than credit on the back of improved margins. The net interest margin was 3% in Q3FY22, up from 2.94% in Q3FY21.
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21810. Govt sanctions 26 crore rupees under Nai Roshni scheme in last three years: Mukhtar Abbas Naqvi in RS
- The Government has sanctioned 26 crore rupees under the Nai Roshni scheme in the last three years through which around one Lakh woman have been trained.
- Nai Roshni scheme is a Central Sector Scheme for women belonging to minority community in the age group of 18 to 65 years.
- The scheme aims to empower and enhance confidence in women by providing knowledge, tools, techniques for the Leadership Development of Women.