Stock Market News : Bharat Forge
Bharat Forge, a leading Indian multinational company, has recently launched its e-mobility subsidiary, Kalyani Powertrain.
Inaugurated its first e-bike manufacturing facility in MIDC Chakan-Pune on 8th March.
This state-of-the-art facility has the capacity to produce 60,000 e-bikes per year, which is scalable up to 100,000 units per year.
This move by Bharat Forge is significant as it shows the company’s commitment to sustainable and eco-friendly transportation solutions.
With the world shifting towards electric mobility. Bharat Forge aims to leverage its expertise in automotive technology and engineering to create innovative and high-quality e-bikes that cater to the Indian market.
Campa re-launched : Reliance brings back old iconic beverage brand
Reliance, one of India’s leading conglomerates, has recently announced the launch of the iconic beverage brand Campa in the country.
The Campa portfolio will include popular flavors like Campa Cola, Campa Lemon, and Campa Orange.
Campa has been a household name in India for several decades and has a loyal customer base.
With Reliance’s launch of the brand, it is expected to bring back nostalgic memories for many and introduce the iconic beverage to a new generation of consumers.
The launch of Campa by Reliance is a strategic move by the company to diversify its product portfolio and cater to the growing demand for premium beverages in India.
The company aims to leverage its strong distribution network to make Campa available across the country
Axis Bank joins hands with ITC to offer farmers easy access to rural lending products
In a bid to cater to the rural population and promote financial inclusion.
Axis Bank has partnered with ITC, a leading FMCG company, to offer lending products and services to farmers.
The alliance will enable Axis Bank to reach out to the unserved and under-served farmers located across the rural regions of India.
As part of the partnership, Axis Bank will provide a range of credit facilities, including Farmer Funding loans and Gold Loans, to farmers who are part of ITC’s agriculture ecosystem.
The lending products are designed to cater to the unique needs of farmers and offer them easy access to credit facilities.
With this collaboration, Axis Bank aims to leverage ITC’s extensive network and reach out to a larger segment of the rural population. The move is in line with the bank’s vision to promote financial inclusion and empower the rural economy.
Axis Bank has entered into a strategic partnership with ITC.
Whereby the bank will make use of ITCMAARS (Meta Market for Advanced Agricultural Rural Services) to extend lending products and services to farmers within ITC’s agriculture ecosystem.
This collaboration aims to provide farmers with the much-needed financial support and encourage their growth by addressing their unique financial requirements.
Furthermore, Axis Bank will offer a comprehensive range of lending products and services to farmers through its extensive network of rural-urban and semi-urban (RUSU) branches, spread across 656 districts in India.
The farmers will have access to credit facilities, such as Farmer Funding loans and Gold Loans, that are tailored to their specific needs.
Through this collaboration, Axis Bank will be able to leverage ITC’s advanced Agri-tech application to reach out to farmers in remote locations, who are often left underserved by traditional banking channels.
The partnership is expected to provide farmers with easy access to credit facilities and help them fulfill their financial requirements.
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