July , 2019
12:46 pm

B.E. Bureau

Allahabad Bank opens 43 Kisan Pragati Kendras

Allahabad Bank has launched project “NAVODAYA” encom-passing several customer centric initiatives. One of these is establishment of “Kisan Pragati Kendra” (KPK) for hassle free processing and sanctioning of high value investment credit to boost the agriculture sector. The Bank has set up altogether 43 KPKs pan India with defined catchment area to handle agriculture investment proposal of `10 lakh and above. Through these KPKs the Bank shall implement uniformity in process of appraisal and sanction by competent and experienced manpower.

IFC leads $550 million ECB investment round in L&T Finance

L&T Finance Ltd. will receive $550 million in an ECB investment round anchored by IFC, a member of the World Bank Group and BNP Paribas, Citibank and DBS Bank Limited. In the first tranche, the investors have contributed $275 million. IFC is bringing in $125 million, which will be utilised by L&T Finance to expand its firm equipment. Dinanath Dubhashi, MD & CEO, L&T Finance Holdings said, “Lending scientifically and methodically to customers who do not have access to last mile credit is the next growth opportunity for NBFCs. We are investing in technology, data and analytics to lead this change.”

India’s Life Goals Preparedness Survey 2019 by Bajaj Allianz

Bajaj Allianz Life unveiled India’s first ever comprehensive study on the country’s life goals. India’s Life Goals Preparedness Survey 2019 is the company’s first flagship survey to identify the life goals, aspirations of India and how Indians are preparing to get them done. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance at the unveiling said, “Having embarked on the journey to become life goal enablers, the scientific and in-depth findings will play an essential role in our business strategy.”

Aashirvaad launches

Millet Flour under ‘Nature’s Super Foods’

Aashirvaad has announced the launch of a new range comprising Gluten Free Flour, Ragi Flour and Multi Millet Mix Flour under ‘Nature’s Super Food’. This new range will be available across leading metros including Kolkata, New Delhi, Mumbai, Bangalore, Hyderabad and Chennai. Hemant Malik, Divisional Chief Executive - Foods, ITC Ltd said, “The launch of Aashirvaad ‘Nature’s Super Foods’ comes at a time when consumers are looking for products that are healthier options, containing essentials nutrients needed for the growth and development of the human body.”

Esperer BioResearch addresses the Nutritional Deficiency in Cancer Patients

Esperer BioResearch, launched 2 health supplements Es- Fortitude (nourish, protect and recovery) and Es-Invigour (base formula) in Kolkata for strong research on the nutritional deficiencies in cancer patients in India. Raktim Chattopadhyay, Founder & CEO said, “It is our endeavour to work towards a better quality of life for cancer patients. We believe that ‘Personalised Medicine’ is our chance to revolutionise health care.” Manufactured at US-FDA approved nutraceutical plant at Bengaluru; the company has been researching and providing onco-nutrition therapy to cancer patients.

Dabur Odomos Pledges to #MakeIndiaDengueFree

Odomos from the House of Dabur announced the launch of its mega initiative, #MakingIndiaDengueFree. Under this, Odomos will be reaching out to over 10 lakh people across the country, educating them about prevention from mosquito bites. Flagging off the initiative in Kolkata, Dabur conducted an awareness session amongst more than 200 kids from Hira Lal Primary Government School in the city to educate the students, teachers and parents about effective prevention from Dengue. Vineet Jain, Dabur India Ltd Category Head-Home Care said, “We have taken up this social initiative to help build public awareness and protect them from falling prey to mosquito bites.”

Electrosteel Steels unveils rebranded steel product

Electrosteel Steels limited (ESL), part of Vedanta Limited, launched their rebranded steel portfolio - TMT Bars, Wire Rods, Ductile Iron Pipes, Billets and Pig Irons. The company plans to enhance its production capacity from 1.5 MTPA to 3 MTPA in Phase-1 of its expansion plan, over the next two years. On the occasion of unveiling of new brands, Pankaj Malhan, Deputy CEO, Electrosteel Steels limited said, “Our success is founded on a unique principle of thinking about environment and not just our business. I truly feel proud and humbled as a part of this illustrious journey, as we launch the three brands.”


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