Author: editor

 

Customers can avail incredible offers upon purchase of the popular OnePlus 12R, the recently launched Nord 4, Nord CE 4 and more

 

OnePlus, the global technology brand, has made an exciting announcement with a series of Diwali offers on its wide range of products. With the Diwali campaign themed #MakeItSpecial, the brand is set to introduce an incredible range of offers on its products across different price segments as a gesture of gratitude and celebration for the tremendous support from its expanding community. These offers will pan across its popular smartphones, tablets and audio products to make the signature OnePlus experience more accessible to consumers, bringing festive joy to the community.

The OnePlus Diwali offers will go live 26th September 2024 onwards, and will be available across oneplus.in, OnePlus Experience Stores, Amazon.in, as well as offline partner stores such as Reliance Digital, Bajaj Electronics, Croma, Vijay Sales, etc and others.

 

OnePlus Flagship Smartphones

OnePlus 12 Series

Earlier this year, OnePlus introduced the highly anticipated OnePlus 12 series. Powered by the Snapdragon® 8 Gen 3 mobile platform and proprietary Trinity Engine, the OnePlus 12 features a stunning 2K 120Hz ProXDR display, 100W SUPERVOOC fast charging, 50W AIRVOOC wireless charging, and the 4th Gen Hasselblad Camera for Mobile, delivering a seamless user experience with a perfect blend of power, speed, and innovation.

 

• Customers can purchase the OnePlus 12 from 26th September onwards and receive a complimentary pair of OnePlus Buds Pro 2, across all sales channels.
• Customers purchasing the OnePlus 12 can avail an instant bank discount of up to INR 7,000 and no-cost EMI for up to 6 months with select bank cards from 26th September onwards.
• Customers can enjoy a special price coupon of INR 2,000 when purchasing the OnePlus 12.

Meanwhile, the OnePlus 12R caters to gaming enthusiasts with its 6.78” AMOLED 120Hz display, LTPO 4.0 technology, and Cryo-Velocity Cooling System. Equipped with a 5,500mAh battery, it ensures extended gaming sessions with peak performance and durability. The OnePlus 12R also comes in special editions like the unique Sunset Dune colour variant.

 

• Customers purchasing the OnePlus 12R can avail an instant bank discount of up to INR 3,000 and no-cost EMI for up to 6 months with select bank cards from 26th September onwards.
• Starting 26th to 28th September, users will be able to enjoy a temporary price drop  of up to INR 5,000 on 8+256GB and 16+256GB variants.
• From 29th September onwards, buyers can enjoy a temporary price drop of up to INR 5,000 on 8+256GB and INR 3000 on 16+256GB variants.
• Red Cable Club members can avail a discount of INR 2000 on the purchase of the 8+256GB variant from oneplus.in
• Offers can be availed on OnePlus.in, Amazon.in, OnePlus Experience Stores & offline partner stores.

OnePlus Nord Smartphone Series

 

OnePlus Nord 4

Adding to its power-packed portfolio, OnePlus, recently  launched OnePlus Nord 4, the only metal unibody smartphone in the 5G era. With flagship-level capabilities, the smartphone features a 5,500mAh battery, Snapdragon 7+ Gen 3 processor, up to 256 GB of storage, and 100W SUPERVOOC technology.

• Customers purchasing OnePlus Nord 4 can avail an instant bank discount of up to INR 2,000 and no-cost EMI for up to 6 months with select bank cards from 26th September onwards.
• Customers can enjoy special price coupons of INR 2,000 on 8+128GB / 12+256GB and INR 3,000 on 8+256GB variants. 
• Offers can be availed on Amazon.in, OnePlus Experience Stores, OnePlus.in and offline partner stores.
• Students can avail a discount of INR 1000 on OnePlus Nord Buds 3 Pro, OnePlus Nord Buds 3, OnePlus Nord Buds 2 and OnePlus Nord Buds 2r when purchased with OnePlus Nord 4 on oneplus.in.

 

OnePlus Nord CE4

Featuring industry-leading hardware and powerful essentials, the OnePlus Nord CE4 is built on the core aspects of the Nord experience. Sporting a unique design, the smartphone packs a Snapdragon 7 Gen 3 chipset aided by 8GB RAM and up to 256GB storage. A powerful stunner, Nord CE4 features a 6.7-inch Full HD+ AMOLED display with a resolution of 2412 x 1080 pixels and a refresh rate of up to 120Hz.

 

• Adding to the festive joy, customers will get a pair of OnePlus Nord Buds 2R as part of a bundle deal, available across all sales channels.
• Customers will also enjoy a temporary price drop of INR 1500 on their purchase of OnePlus Nord CE4.
• Customers purchasing OnePlus Nord CE4 can avail an instant bank discount of up to INR 1,500 and no-cost EMI for up to 3 months with select bank cards from 26th September onwards.

 

OnePlus Nord CE4 Lite

 

OnePlus launched Nord CE4 Lite to deliver all-day entertainment and a smooth user experience. Introducing a revitalized aesthetic for 2024, the OnePlus CE4 Lite 5G presents a distinctive design. Maintaining Nord’s hallmark sleek, robust, and bold design, the smartphone is available in two colourways– Super Silver and Mega Blue.

 

• Adding a tune to the festivities, the customers can get a complimentary pair of the OnePlus Bullets Wireless Z2 upon purchase of the device
• Customers purchasing OnePlus Nord CE4 Lite 5G can avail an instant bank discount up to INR 2,000 and no-cost EMI for up to 3 months with select bank cards on Oneplus.in, Amazon, OnePlus Experience Stores, and as well as offline partner stores such as Reliance Digital, Bajaj Electronics, Croma, Vijay Sales, and more from 26th September onwards.
• Customers can enjoy a special price coupon of INR 1000 on the purchase of the OnePlus Nord CE4 Lite.

 

OnePlus Open

As OnePlus’s first foldable flagship, the OnePlus Open seamlessly embodies the brand’s iconic design philosophy — blending industrial minimalism with elegant sophistication. Available in three stunning colorways, Emerald Dusk, Voyager Black, and Apex Edition each offers a unique visual appeal that stands as a masterpiece. Here are some of the best Diwali offers you might not want to miss.

 

• Customers who purchase the OnePlus Open Apex Edition from 26th September onwards will receive a complimentary OnePlus Watch 2, available across all sales channels, along with the above mentioned offers.
• Customers purchasing select variants of the OnePlus Open can avail an instant bank discount of up to INR 20,000 and no-cost EMI for up to 12 months with select bank cards from 26th September onwards. Offers are applicable across oneplus.in, OnePlus experience stores as well as offline partner stores.
• Red Cable Club Members can avail an additional discount of INR 5000 on the purchase from oneplus.in

 

OnePlus IoT Devices

The OnePlus Pad 2 combines powerful performance with a sleek, refined design. Its Nimbus Gray all-metal unibody exudes elegance and durability, with the 12.1-inch 3K display with a 7:5 aspect ratio, 900 nits’ peak brightness, and Dolby Vision support ensures a stunning visual experience. Powered by a robust  9,510mAh battery, it provides up to 43 days of standby time and charges fully in just 81 minutes with 67W SUPERVOOC charging.

OnePlus Pad 2 & OnePlus Pad Go

• Customers purchasing the OnePlus Pad 2 can avail an instant bank discount of up to INR 3,000 and no-cost EMI for up to 9 months with select bank cards from 26^th September onwards.
• Customers can further enjoy additional INR 5,000 off by exchanging mobile/tablet during the purchase of the OnePlus Pad 2.
• Customers purchasing the OnePlus Pad Go can avail an instant bank discount of INR 2,000 through select bank card from 26^th September onwards.
• Customers who purchase the OnePlus Pad Go from 26^th September onwards will receive a complimentary folio case.
• Customers can further enjoy a temporary price discount of INR 2,000 when purchasing the OnePlus Pad 2 and OnePlus Pad Go during this festive season.
• Red Cable Club Members can avail an additional discount of INR 1500 on the purchase of the OnePlus Pad 2 and INR 1000 on OnePlus Pad Go from oneplus.in
• Students can also avail an additional discount of INR 1000 on the purchase of the OnePlus Pad 2 and OnePlus Pad Go from oneplus.in

OnePlus Watch 2 and OnePlus Watch 2R

• Customers purchasing the OnePlus Watch 2 can avail an instant bank discount of up to INR 3,000 and no-cost EMI for up to 12 months with select bank cards from 26^th September onwards.
• Customers can further enjoy a temporary price discount of INR 2,000 when purchasing the OnePlus Watch 2 during this festive season.
• Red Cable Club Members can avail a discount of INR 1000 on the purchase of the OnePlus Watch 2 from oneplus.in
• Students can enjoy a special discount of INR 1000 on the purchase of the OnePlus Watch 2 from oneplus.in
• Customers purchasing the OnePlus Watch 2R can avail an instant bank discount of INR 2,000 and no-cost EMI for up to 6 months with select bank cards from 26^th September onwards.
• Customers can further enjoy a temporary discount price of INR 3,000 when purchasing the OnePlus Watch 2R during this festive season.
• Red Cable Club Members can avail a discount of INR 500 on the purchase of the OnePlus Watch 2R from oneplus.in
• Students can enjoy a special discount of INR 500 on the purchase of the OnePlus Watch 2R from oneplus.in

 

OnePlus Audio Devices

OnePlus Buds 3 and OnePlus Buds 3 Pro offer an exceptional, impactful, and well-balanced sound through a dual-driver acoustic system. By combining the power of a woofer with the precision of a tweeter, the OnePlus Buds Pro 3 delivers enhanced sound with an 11mm dual-magnet woofer, ceramic-metal diaphragm, and 6mm tweeter, plus dual DACs for precision audio. While the OnePlus Buds 3 offers balanced sound with a 10.4mm woofer, 6mm tweeter, 49dB noise cancellation, and 7 hours of playback from a 10-minute charge.

Marking another milestone for the OnePlus Nord category, the Nord Buds 3 and Nord Buds 3 Pro offers active noise cancellation, a tailored Master EQ, and exclusive 3D Audio.

 

Customers can also avail discounts on OnePlus audio and wearables across oneplus.in, OnePlus Experience Stores, Amazon, Flipkart, Myntra, Blinkit and, as well as offline partner stores such as Reliance Digital, Bajaj Electronics Electronics, Croma, Vijay Sales, and more.

OnePlus Buds 3

• Customers purchasing the OnePlus Buds 3 can avail an instant bank discount of up to INR 500 with select bank cards from 26^th September onwards. Furthermore, customers can further enjoy a temporary discount price of INR 1,000.
• Red Cable Club Members can avail a discount of INR 500 on the purchase of the OnePlus Buds 3 from oneplus.in
• Students can avail an additional discount of INR 300 on the purchase of the OnePlus Buds 3 from oneplus.in
• Customers who purchase the OnePlus 12 or OnePlus 12R from oneplus.in can enjoy an additional INR 1000 discount on the OnePlus Buds 3.

OnePlus Buds Pro 3

• Customers purchasing the OnePlus Buds Pro 3 can avail an instant bank discount of up to INR 1000 and 12 months No Cost EMI with select bank cards from 26^th September onwards. Furthermore, customers can further enjoy a temporary discount price of INR 1,000.
• Red Cable Club Members can avail a discount of INR 1000 on the purchase of the OnePlus Buds Pro 3 from oneplus.in
• Students can avail an additional discount of INR 500 on the purchase of the OnePlus Buds Pro 3 from oneplus.in
• Customers who purchase the OnePlus 12 or OnePlus 12R from oneplus.in can enjoy an additional INR 2000 discount on the OnePlus Buds Pro 3.

OnePlus Nord Buds 3 and Nord Buds 3 Pro

 

• OnePlus Nord Buds 3 and OnePlus Nord Buds 3 Pro will be available at an instant bank discount of INR 200 and INR 300, respectively on purchases with leading bank cards. Additionally, customers get access to a temporary price drop offer of INR 500 from 26th September onwards.
• Students can get an additional discount of INR 200 on buying the OnePlus Nord Buds 3 or Oneplus Nord Buds 3 Pro from oneplus.in.
• Customers can avail a discount of INR 700 on the OnePlus Nord Buds 3 and INR 500 on the OnePlus Nord Buds 3 Pro when purchased with the Nord CE4 or Nord CE4 Lite on oneplus.in

 

Customers can avail exclusive offers and special deals on other popular audio products like the OnePlus Buds Pro 2, Nord Buds 2R, BWZ 2, and more. These deals will be available across various platforms like oneplus.in, OnePlus Experience Stores, Amazon, Flipkart, Myntra, Blinkit and, as well as offline partner stores, starting from 26th September onwards.

 

• Bookings for the BYD eMAX 7 start from Sep 21st, 2024 at INR 51,000
• Special offers & exciting benefits for the first 1000 bookings made upto Oct 8th, 2024
• Designed for progressive and environment-conscious Indian families, the BYD eMAX 7 packs enhanced performance, features, and overall aspects over its predecessor
•  

BYD India, a subsidiary of the world's leading New Energy Vehicles (NEV) manufacturer, announces the booking commencement of BYD eMAX 7 in India. Customers can pre-book their vehicle at an initial amount of INR 51,000 through BYD authorised outlets across India. Alternatively, customers can make inquiries on BYD India's official website, https://bydautoindia.com/. Designed especially for progressive and environment-conscious Indian families, the BYD eMAX 7 packs globally acclaimed BYD technology like Blade Battery and 8-in-1 electric powertrain.

 

Celebrating the success of India's first premium electric MPV – BYD e6 and the launch of its successor, BYD India is announcing exclusive limited-time offers on booking the upcoming BYD eMAX 7. For the first 1000 customers who book the BYD eMAX 7 by Oct 8^th , 2024, the company is providing exciting benefits amounting to INR 51,000 & complimentary 7 kW, 3 kW charger upon delivery. This limited-time offer is valid only for customers who book the vehicle by Oct 8^th, 2024 and take delivery before or by Mar 25^th, 2025.

 

Mr. Rajeev Chauhan, Head of Electric Passenger Vehicles (EPV) Business at BYD India, said, “The BYD eMAX 7 is more than just a vehicle; it is a testament to our relentless pursuit of innovation and excellence. Our unwavering commitment to sustainable luxury has driven us to design a car that not only meets but exceeds the expectations of our discerning customers, setting a new benchmark in India's electric MPV market. The BYD eMAX 7 is more than an electric MPV – It is a statement of style, performance, and environmental stewardship. Catering to the evolving needs of Indian families, it seamlessly blends elegant design, features, performance, and efficiency with sustainable technology for a greener tomorrow. We believe the BYD eMAX 7 will redefine the electric vehicle experience in India, setting new standards in the industry.”

 

Scheduled for its launch on Oct 8^th, 2024, the BYD eMAX 7 is poised to set a new benchmark in the electric MPV market. Designed for progressive and environment-friendly Indian families, the BYD eMAX 7 represents a significant generational leap from the highly acclaimed BYD e6. The vehicle combines cutting-edge technology and luxury with sustainability and is set to succeed in the BYD e6 – sharing the same pedigree but with advanced technology and rich features. The BYD eMAX 7 promises an extended driving range, ensuring long-distance travel without compromising on efficiency and assuring them of reliable performance. It is equipped with state-of-the-art safety systems that guarantee a secure and confident driving experience. Integrating the latest intelligent technology, the BYD eMAX 7 provides a personalised driving experience, while premium interior materials and ergonomic design in the cabin ensure maximum comfort for all passengers.

 

BYD has cemented its position as a global leader in the NEV market, with over 2.3 million new energy passenger vehicles sold worldwide YTD (Year till Date) in 2024. Leveraging its robust R&D capabilities, BYD has been at the forefront of the electric revolution, offering a diverse range of electric vehicles, including passenger cars, buses, trucks, and more. With a presence in over 94 countries, BYD continues to set new benchmarks in sustainability, innovation, and quality, making it a trusted name in the EV industry.

 

As a proud Fortune Global 500 company and the world's leading manufacturer of new energy vehicles (NEV) and power batteries, BYD has demonstrated its market strength and commitment to excellence. This year, BYD is celebrating its 11^th year in the electric segment in India. BYD will continue accelerating the transition towards a greener future and contribute to its vision to 'Cool the Earth by 1°C'.

Information, details, and terms and conditions of the product can be found at (https://bydautoindia.com)

Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has appointed Srinivas Rao Ravuri (Srini to friends and associates) as its Chief Investment Officer (CIO) where he will lead the Company’s Investment team andmanage the portfolio towards optimising its investment performance. In the leadership role, Srinivas will focus on allocating the Company’s assets towards building wealth for customers and profitability for all stakeholders, while managing risk and in line with the regulatory guidelines.

 

Srinivasis a seasoned investment professional with nearly three decades of experience in equity research and fund management across Indian financial markets. Starting of as an analyst in India's first boutique equity research firm, he spent over two decades covering sectors such as Real Estate, Infrastructure, Industrials, Telecom, and Power. Srinivas’ other stints as an investment expert were at organizations like PGIM India Asset Management and HDFC Asset Management, where he shaped their respective investment strategies to drive growth and build wealth. He joins Bajaj Allianz Life from PGIM India Asset Management, where he played a key role in transforming the Asset Management Company into one of the fastest growing in the industry.

 

Speaking on the appointment, Tarun Chugh, MD & CEO, Bajaj Allianz Life, said,“Srinivasjoins us at a pivotal point of our transformative journey. Further, our regulatory environment and the robust Indian economy are converging to further provide value to customers investing in life insurance towards their long-term financial goals. His extensive experience within the Indian financial markets will be of tremendous value as we continue to strengthen our capabilities.”

 

On his appointment as Bajaj Allianz Life’s Chief Investment Officer, Srinivassaid, “Life insurance, today, is emerging as one of the strongest financial tools for customers to invest towards their long-term financial goals due to its inherent advantages of disciplined investing and offering a safety net for the main bread winner of the household. I’m excited to now be able to play a pivotal part in this journey of customers with Bajaj Allianz Life. The Company’s reputation for excellence and innovation is well-established and I’m excited to join such a drivenand focussed team.”

 

Srinivas holds a Bachelor’s degree in Commerce and an MBA from Osmania University, Hyderabad.His interests include tennis and spending time outdoors. He is also an Indian classical music enthusiast.

 

·         Airtel SD-Branch will provide organisations with a unified, centralised platform for efficient network management across branch locations

·         Powered by Cisco Meraki, it will help enterprises to manage and scale complex network requirements with simplified provisioning and connectivity

 

Airtel Business, the B2B arm of Bharti Airtel (Airtel), andCisco, the worldwide leader in networking and security, today,launched Airtel Software-Defined (SD) Branch — a simple, secure, cloud-based, end-to-end-managed network solution for enterprises.

 

Powered by the Cisco Meraki cloud-first platform, Airtel SD-Branch will enable the unified management of networks across LAN, WAN, security and connectivity over multiple branch locations, helping enterprises to simplify their network management, enhance application performances and provide greater flexibility and control over the entire branch network infrastructure.

 

Sharat Sinha, CEO – Airtel Business, said, “We are thrilled to announce the launch of our revolutionary network solution for enterprises in the country, in partnership with ‘Cisco Meraki India Region’. The service is crafted to prioritise core business outcomes over IT management. This will provide customers with a simplified network solution that scales effortlessly, enabling users to access business applications with enhanced performance and security”.

 

Daisy Chittilapilly, President, Cisco India & SAARC, said, “We live in an environment where workplaces are dispersed and applications are distributed, making reliable and efficient network infrastructure a necessity. Our partnership with Airtel aims to empower enterprises with a platform solution that delivers a unified, agile and secure experience across multiple locations, enabling businesses to succeed in a hyper-connected world.”

 

Airtel SD-Branch is designed to meet the diverse network infrastructure needs of enterprises in sectors such as retail, education, banking and healthcare. It will transform how businesses manage their complex network requirements with simplified provisioning, helping build robust and efficient connectivity across branch locations. With Airtel's extensive connectivity solutions and advanced network management capabilities and Cisco’s expertise in secure networking, this solution delivers a unified, centralised platform for the network needs of organisations, making network management more efficient.

 

In today’s hybrid world, employees are working from multiple locations, using various connections and accessing information across diverse platforms. While this provides flexibility to employees, it has created a new set of challenges for business as they must connect and protect people and devices across customer-owned and unowned networks. According to Cisco’s Cybersecurity Readiness Index, 92% of companies in India have stated that their employees access company platforms from unmanaged devices, and 48% of those spend one-fifth of their time logged onto company networks from unmanaged devices. Additionally, 39% have reported that their employees hop between at least six networks over a week.

 

Powered with capabilities like central management of the network, intuitive dashboards, automated processes, advanced analytics and high-performance connectivity solutions that can be tailored to meet specific business requirements, the Airtel SD-Branch will help enterprises to gain more control of their branch networks. With subscription models that can be customised for each unique branch location, the Branch will also offer businesses the flexibility to scale their networks on demand. For more details, click here: https://www.airtel.in/b2b/sd-branch

 

 

The report exhibits an analysis of trends in key parameters such as portfolio growth, originations, and delinquencies across lender types and ticket size ranges till Q4 FY24

CRIF High Mark, a leading Indian credit bureau, launched the fourth edition of itsflagship report, How India Lends, today. The report deep dives into Consumption Lending, MSME Lending, and Microfinance Lending for the last five years (FY20 to FY24) with an emphasis on key insights into the industry and consumer trends.

Consumption Lendingincludes Home Loans, Personal Loans, Two-Wheeler Loans, Auto Loans, Consumer Durable Loans and Credit Cards. MSME lending includes Entity and Individual loans. Entity MSME Loans are defined based on entity-level credit exposure of up to ₹50 Crore. Individual MSME Loans include Business Loans, Property Loans, Commercial Vehicle Loans and Construction Equipment Loans.Corporate Loans refer to loans given to Mid and Large-size entities with credit exposure of more than ₹50 Crore and are reported to the Commercial Bureau.

Insights into Trends and Patterns Shaping Major Lending Product Categories in India 

Consumption Loans: Portfolio outstanding of Consumption Loans increased by 15.2% YoY to ₹90.3 Lakh Cr as of Mar’24, however, portfolio growth has decelerated(from 17.4% as of Mar’23) primarily driven by the slowdown in the Home Loans segment (40.1% of consumption loans portfolio by value)

·         Home Loans: 

–          Portfolio growth slowed down to 7.9% YoY (vs. 23% YoY as of Mar’23) due to muted growth in originations (9.2% in FY24 vs 18.2% in FY23)

–          Shift in Originations (by value and volume) from ticket size ₹ 5L – ₹ 35L to ₹ 35L +

–          Growth of 32% in Average Ticket Size (ATS) from ₹20.1L in FY20 to ₹26.5L in FY24

·         Personal Loans:

–          Robust Portfolio growth (26% YoY as of Mar’24) despite recent regulatory reforms

–          ₹10L+ Ticket Size loans continue to increase their share in originations by value, while <₹1L Ticket Size loans continue to dominate by volume

–          Banks dominate Originations (by value) and NBFCs dominate Originations (by volume)

·         Two-wheeler loans: 

–          Growth accelerated to 34% YoY (from 30% as of Mar’23)primarily driven bythe shift in originations to Higher Ticket Size loans, despite lower origination volume growth YoY (13% in FY24 vs. 32% in FY23)

–          Shift in Originations (by value and volume) with a 4.6x growth can be seen for₹75K+ from FY20 to FY24

·         Auto Loans: 

–          Marginal slowdown in Portfolio growth to +20% YoY (vs. 22% as of Mar’23) buoyed by Shift in Originations to ₹10L+ Ticket Size loans but dampened by lower growth in overall origination volumes

–          5% growth in Originations Volume (vs. 21% in FY23) and 12.5% growth in Originations Value (vs. 37.3% in FY23)

·         Consumer Durable Loans:

–          Robust portfolio growth of 34% YoY (vs. 26% YoY as of Mar’23) driven by the shift in originations to ₹25K+ ticket size loans, which offset the muted growth in originations volumes (8.5% in FY24 vs 38.2% in FY23)

–          21% growth in Originations by value, and 8.5% growth by volume in FY24

–          Private banks gained origination share from FY20 to FY23, however NBFCs regained some of their lost share in FY24

·         Credit Cards:  

–          16.5% growth in Active cardsfrom Mar’23 to Mar’24

–          Credit card balances reached ₹3.0 lakh crore, with 999.1 lakh cards in circulationas of Mar’24

MSME Lending: Individual MSME segment growth outpaces that of Entity MSMEs, both in terms of portfolio growth (28.9% YoY vs 6.6% YoY) and originations growth (12.6% YoY vs 3.1%).

Individual MSME Loans

·         Portfolio outstanding of Individual MSME Loans stands at ₹35.7 Lakh Cr as of Mar’24 with growth accelerating to 29% YoY (vs. 15% YoY as of Mar’23)

·         Witnessed Y-o-Y growth in Originations by value at 12.6%and by volume at 19.4%in FY24

·         Individual MSMEs witnessed improvement in delinquency across all Ticket sizes and Lender types

 

Entity MSME Loans

·         The Portfolio outstanding of Entity MSME Loans stands at ₹28.4 Lakh Cr as of Mar’24 with growth decelerating to 6.6% YoY (vs. 17.2% as of Mar’23)

·         The sector witnessed Y-o-Y growth in Originations by volume at 18.9%, while 3.1% by value, with the Micro Segment being the largest contributor

 

Microfinance Lending:

·         Portfolio growth accelerated to 27% YoY (vs. 21% YoY as of Mar’23) with the Microfinance Loans portfolio outstanding of ₹442.7 K Cr as of Mar’24.

·         The average ticket size for MFIs increased by 11% from ₹40.9K to ₹45.4K between FY23 and FY24

·         PAR 31-90% and PAR 91-180% were stable as of Mar’24 compared to Mar’23

 

Commenting on the report Mr. Sanjeet Dawar, Managing Director, CRIF High Mark, said, “The fourth edition of the report ‘How India Lends – FY2024’ provides a comprehensive overview of the evolving lending landscape in India. This year’s report highlights the continued dominance of Home Loans and the notable growth in Personal Loans and Two-Wheeler Loans. We also observe a significant rebound in NBFCs' market share and a marked expansion in the Microfinance sector. The stability in delinquencies and the strong performance across various lending categories underscore the ongoing resilience and vitality of the Indian credit market.”

 

Data from field experiments by reputed agricultural research institutes demonstrated 2.4% to 27% rise in yield as a result of using Nano DAP

Data from the field experiments conducted by several reputed Indian Council of Agricultural Research (ICAR) institutes and state agricultural universities across the country’s diverse agro-climatic zones have demonstrated that Nano DAP can enhance the yield of crops to the tune of 2.4% to 27% when applied at a recommended dose. This data showcases the unique advantage of Nano DAP in comparison to conventional DAP.

The experiments were held in farmers’ fields across India over 3,000 locations, led by a team of Agronomists who have studied the response of Gromor Nano DAP in a spectrum of crops, including rice, wheat, maize, moong, chickpea, red gram, groundnut, cotton, potato, onion, bottle gourd and cabbage, covering the states of Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, West Bengal, Gujarat, Uttar Pradesh, Madya Pradesh, Chhattisgarh and Punjab. The data depicted that farmers who have started using Nano DAP are convinced with the results and begin to benefit from the Nano fertilizers.

Gromor Nano DAP was tested across the country as part of the research, including several reputed Indian Council of Agricultural Research (ICAR) Institutes such as India Agricultural Research Institute (IARI) – New Delhi, Indian Institute of Rice Research (IIRR) – Hyderabad, Indian Institute of Millets Research (IIMR) – Hyderabad, Indian Institute of Pulses Research (IIPR) – Kanpur, Central Institute for Cotton Research (CICR) – Nagpur, Indian Institute of Horticultural Research (IIHR) – Bengaluru and Indian Institute of Vegetable Research (IIVR) –  Varanasi. It was also tested at various state agricultural universities such as Tamil Nadu Agricultural University – Coimbatore, Professor Jayashankar Telangana State Agricultural University (PJTSAU) – Hyderabad, Mahatma PhuleKrishiVidyapeeth (MPKV) – Rahuri, Dr. PanjabraoDeshmukhKrishiVidyapeeth (PDKV) – Akola and Punjab Agricultural University-  Ludhiana besides unequivocally demonstrated in farmers’ fields. 

The Indian agriculture faces a wide array of constraints such as decline in soil organic carbon, imbalanced fertilization, multi-nutrient deficiencies and less fertilizer response ratio besides impacts of climate change and huge sum of fertilizer subsidies. The scientists have started exploring cutting edge technologies like nanotechnology which enables atomic manipulation to achieve processes and products that are precise to deliver input without associated loss of nutrients synchronized with environmental issues. To resolve this, Coromandel International has been manufacturing Gromor Nano DAP since 2023.

In alignment with the national-level nanofertiliser recommendations, the recommended dose ofGromor Nano DAP at 500 ml per acre twice at 20-25 and 40-45 days after sowing or transplanting, along with 75% recommended dose of conventional phosphaticfertilisers for optimum output.

In order to gain insights, rapid absorption of Nano DAP in comparison to conventional DAP was assessed using high resolution electron microscopy, quick assimilation and turnover of amino acids using enzyme assays besides internalization in crops as stated by Dr K S Subramanian, Scientific Advisor, Coromandel International Limited and Former Director of Research, TNAU. Gromor Nano DAP was designed, developed and notified by Fertilizer Control Order (FCO) in 2023, at a time when the country is facing a phosphaticfertiliser availability crisis.

 

~ The centre in Delhi will enable the University to showcase its extensive educational offerings, cutting-edge research, and community engagement programs

 

The University of Melbourne opened its first Melbourne Global Centre in Delhi today, marking a significant expansion of its global presence. This milestone is part of a major delegation visiting India to enhance partnerships and engagement with local students, alumni, government officials, and educational partners.

 

The Melbourne Global Centre – Delhi is strategically located in the heart of India's central government district; close to businesses, international agencies, and the Australian High Commission.The Centre will facilitate collaboration and knowledge exchange across education, research, industry, and the community, serving as the University's central hub in India.

 

The Melbourne Global Centre – Delhi will enable the University to showcase its extensive educational offerings, cutting-edge research, and community engagement programs. The Centre will feature cultural performances, art exhibitions, and lecture series, serving as a platform to connect research with Indian corporations, industry partners and academic institutions.

 

The opening event brought together students, alumni, academics, and distinguished guests, including representatives from the Indian and Australian governments.

 

Professor Michael Wesley, Deputy Vice-Chancellor (Global, Culture and Engagement), University of Melbourne said, “Our Melbourne Global Centre in Delhi is a significant step in our longstanding commitment to fostering educational collaboration between India and our University. Building on institutional partnerships that span up to 16 years, we are dedicated to empowering and enhancing capacity within India, aligning with our mission to collaboratively benefit society through education and research”.

 

Professor Wesley added, “Our global strategy, which launched earlier this year, reinforces our commitment to become a knowledge hub for Asia and the Pacific, uniting educational excellence with international research collaboration. The Melbourne Global Centre – Delhi embodies our partnership model in India, fostering capacity building and collaboration through mutually beneficial relationships that address the educational needs of this region.”

 

 “The opening of the University of Melbourne’s Global Centre in Delhi marks a significant milestone that underscores the university’s long-term commitment to India. The centre will be a hub for strengthening educational and research ties and promoting collaboration. The centre is reflective of Australia and India’s shared vision for education and research as a key driver for economic growth and social impact. It will unlock new opportunities for students and researchers to come together to innovate and address shared challenges for the mutual benefit of both nations.”-  Philip Green, High Commissioner of Australia to India

 

The establishment of the Melbourne Global Centre – Delhi strengthens the University’s presence and engagement in India while supporting its broader global partnership model in key partner countries throughout Asia and the Pacific, the world’s most dynamic region.

 

The Melbourne Global Centre is not designed for teaching or as an offshore campus.Instead, it is focused on enriching current and future initiativeswithin India for greater sustainable impact, as determined by the University’s partnership model and informed byIndian governments and institutions.

As the University continues to deepen its ties within India, the Melbourne Global Centre in Delhi represents a firm commitment to supportIndia in its long-term academic and research aspirations. As a centralised hub for collaboration, the Centre will lay the foundations for future generations of scholars and researchers, forging new bilateral connections and facilitating meaningful educational and cultural exchanges well into the future.