Apollo Munich and Dena Bank Enters Into Bancassurance Tie-Up

Standalone health insurer Apollo Munich Health Insurance expanding its footprint across the country with bancassurance tie-up with state-owned Dena Bank.

Under the tie-up the bank will distribute customized Apollo Munich Health insurance and personal accident policies to the bank's 20 million customers nationwide. 

Apollo Munich Health has developed specialized health insurance solutions with distinctive benefits and an uncomplicated application process, exclusively for Dena Bank customers.

Bharat Financial launches instant microloan facility

Hyderabad based non-banking finance company Microfinance institution Bharat Financial Inclusion Ltd launched an instant loan approval at a village near Bassi in Jaipur district, Rajasthan.

The objective of this initiative to help rural areas embrace cashless transactions. The loan amount will be deposited directly to the loanees bank account.

The loan facility based on a three-step verification process of Aadhar-based eKYC, credit bureau authentication and eSign and non collateral loans up to Rs 60,000 for one year to rural women. It will be rolled out by June 2017 in all microfinance companys nationwide network with several being in Rajasthan, Bihar and Delhi.

EDII wins International Mercury Award 2016-17

The Ahmedabad-based Entrepreneurship Development Institute of India (EDII), an acknowledged national resource institute for entrepreneurship education, research, training and institution-building, has received the prestigious International Mercury Awards (IMA) for the year 2016-17 for the best overall presentation of its 2015-2016 annual report.

Instituted by MerComm Inc. the world's only independent awards organization, the International Mercury Awards honor outstanding achievement in professional communications in around 80 countries, EDII Director Dr. Sunil Shukla stated.

Fabindia removes ‘Khadi’ brand name from its products

Fabindia has started removing the brand name ‘Khadi’ it uses to promote its cotton products after a legal notice by Khadi India that the use of the word amounted to unfair trade practice and misusing its trade name.

The Khadi & Village Industries Commission (KVIC) had sent a legal notice to Fabindia Overseas Pvt Ltd, a chain of ethnic wear retail outlet, asking it to immediately stop using the word Khadi from all its cotton products and remove display banners from its showrooms.

Indian Navy inducts first all-women global circumnavigation vessel 'Tarini'

The Indian Navy's second sailboat 'Tarini' was inducted into service at a ceremony in Goa. The vessel is slated to be the platform for the first Indian all-women global circumnavigation by the Indian Navy to begin in August.

The Indian Navy is operating four sailing vessels capable of open ocean deployments - Tarangini, Sudarshini, Mhadei and Tarini, all four of which have been built in shipyards at Goa.

Sumitra Mahajan inaugurated 2-day South Asian Speaker’s summit at Indore in Madhya Pradesh

Lok Sabha Speaker Sumitra Mahajan inaugurated the two-day South Asian Speaker’s summit at Indore in Madhya Pradesh.

Speakers of six countries will deliberate on ways to achieve sustainable development goals. Summit is organized by the Indian Parlianment and Inter-Parliamentary Union which is focused on Achieving Sustainable Development Goals in member countries. 

Representive from Afganistan, Bangladesh, Bhutan, India, Maldives, Nepal and Sri lanka are attending the summit. Representatives from Pakistan and Myanmar are not attending the sumit due to their personal reasons.

Vetiver Network launched

India Vetiver Network (INVN) has been launched at Tamil Nadu Agricultural University.

INVN is a not-for-profit scientific network to promote vetiver in India. Vetiver has worldwide application to tackle many environmental issues like soil erosion, mitigation of soil and water pollution. 

The mission of INVN is environmental protection using vetiver. Promotion of research in vetiver identification of varieties, improved production technologies and distillation techniques.