World Economic Magazine India > Blog
16
Jan

Public Sector Banks: A Resurgent Force in India’s Financial Landscape

  • Wem India / 1 year
  • 0
  • 4 min read

Achieving Unprecedented Milestones with ₹1.41 Lakh Crore Net Profit and Improved Asset Quality Public Sector Banks (PSBs) in India have emerged as a beacon of resilience and progress, recording an unprecedented aggregate net profit of ₹1.41 lakh crore in the financial year 2023-24. This milestone reflects not only a robust turnaround in operational efficiency but […]

16
Jan

Fintech / INNOVATION UPI: Transforming India’s Payment Ecosystem and Driving Global Innovation

  • Wem India / 1 year
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  • 3 min read

Unified Payments Interface achieves a milestone with 16.58 billion transactions worth ₹23.49 lakh crores in October 2024. IntroductionIn a remarkable testament to India’s digital revolution, the Unified Payments Interface (UPI) processed a record-breaking 16.58 billion transactions in October 2024, amounting to a staggering ₹23.49 lakh crores. Introduced in 2016 by the National Payments Corporation of […]

16
Jan

Fintech Driving Innovation: FinTech’s Leap Towards a Global Standard

  • Wem India / 1 year
  • 0
  • 3 min read

A high-level meeting chaired by Shri M. Nagaraju brings together key stakeholders to shape the future of India’s fintech ecosystem. In a significant stride towards bolstering India’s fintech landscape, Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance, chaired a pivotal meeting in New Delhi. The gathering united senior officials from the […]

16
Jan

533 consumer complaints registered under food and beverages category in the consumer commissions during last two years

  • Wem India / 1 year
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  • 3 min read

Posted On: 03 DEC 2024 2:58PM by PIB Delhi Food Safety and Standards Authority of India (FSSAI) was established in 2008 under Food Safety and Standards Act, 2006 primarily for laying down science-based standards for articles of food and to regulate their manufacture, storage, distribution, sale and import to ensure availability of safe and wholesome […]

16
Jan

Volvo Group Partners with Indian Universities to Shape Future Automotive Talent

  • Wem India / 1 year
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  • 3 min read

Bangalore, Karnataka, India:  Volvo signs MoU with Amrita University and Thapar Institute to build a stronger industry-academia engagement and enhance the engineering industry readiness. Furthering its commitment to bridge the gap between academia and industry, Volvo Group India Pvt. Ltd. has signed a Memorandum of Understanding (MoU) today with Amrita University and Thapar Institute for engineering […]

16
Jan

Federal Bank’s Kaliyum Karyavum – a Boost to Kerala’s Cultural Economy

  • Wem India / 1 year
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  • 3 min read

Ernakulam, Kerala, India:  Federal Bank has launched an extraordinarily transformative initiative “Kaliyum Karyavum”, an event aimed at educating school children on essential life skills through captivating traditional art forms. With a history spanning over 90 years, Federal Bank, deeply rooted in Kerala, is leveraging its profound understanding of the state’s cultural legacy to make learning engaging […]

16
Jan

Wipro and Netskope Partner to Offer Cybersecurity Optimization Advisory Services

  • Wem India / 1 year
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  • 4 min read

Wipro CyberTransform℠ Optimization Service enhances business value by boosting cybersecurity performance and reducing costs East Brunswick, N.J., United States & Bengaluru, Karnataka, India:  Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced a partnership with Netskope, a Secure Access Service Edge (SASE) leader, to provide global enterprises with an […]

16
Jan

India’s Advancing Role in Global Trade Competitiveness

  • Wem India / 1 year
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  • 11 min read

Posted On: 03 DEC 2024 11:06AM by PIB Delhi India’s journey toward becoming a global economic powerhouse is marked by remarkable achievements in its export landscape. The nation has demonstrated significant progress in diverse sectors, ranging from petroleum oils and agrochemicals to semiconductors and precious stones. This growth reflects India’s ability to leverage advanced technology, […]

27
Dec

LambdaTest Unveils Next-Generation SmartUI Experience for Visual Testing

  • Wem India / 1 year
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  • 3 min read

Revolutionizing visual testing with a user-centric design, LambdaTest introduces powerful features for more efficient workflows. NOIDA, India & SAN FRANCISCO – LambdaTest, a leading cloud-based unified testing platform, has announced the general availability of its redesigned SmartUI screenshot page, promising to significantly enhance visual testing for developers and testers worldwide. This reimagined version of SmartUI […]

27
Dec

Federal Bank Wins “Bank of the Year (India)” Award by The Banker

  • Wem India / 1 year
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  • 2 min read

Innovation, customer-centric services, and cutting-edge technology secure Federal Bank’s place as a leader in Indian banking. Federal Bank has been honored as the “Bank of the Year (India)” by The Banker, a prestigious Financial Times-owned publication. This global accolade, awarded to banks across 120 countries, recognizes Federal Bank’s exceptional contributions to the banking sector, its […]

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