4th April 2025: CRIF Highmark a leading credit bureau released the thirtieth edition of ‘CRIF MicroLend Vol XXX – Dec 2024’. MicroLend is a quarterly publication from CRIF High Mark on Microfinance lending in India. The publication presents trends & analysis of key parameters such as Gross Loan Portfolio, Growth, Market Share, Borrower Leverage, Compliance and Portfolio Risks. The report also slices the data for major states and Urban/Rural geographies. Semi-urban portfolio is reported as part of urban split in the report.

Key Insights from the Report:

• As of Dec’24, the microfinance portfolio stood at ₹391.5K crore, marking a YoY decline of 4.0% compared to Dec’23 and a QoQ decrease of 5.4% since September 2024
• Originations faced additional pressure in Q3 FY25, with significant contractions of 34.9% YoY in value and 41.7% YoY in volume compared to Q3 FY24
• Active loans dropped from 15.7 Cr in Dec’23 to 14.6 Cr in Dec’24, indicating a decline in supply
• The live customer base showed a slight YoY increase initially but declined from 8.7 Cr in Mar’24 to 8.4 Cr in Dec’24, marking a reduction in the active customers
• NBFC MFIs and banks continued to dominate the market, collectively holding a 71.3% share
• While loans with a ticket size of ₹30k–₹50k remain the largest category in the portfolio, their share declined from 47.8% in Dec’23 to 43.3% in Dec’ 24
• Bihar leads the GLP, followed by TN and UP with the three states collectively accounting for 38% of the national total. Most states saw a YoY decline in GLP, with Kerala recording the sharpest drop at -15.8% YoY, as many players strategically reduced their portfolio exposure to microfinance loans in the region
• SFBs have seen notable declines, recording a YoY drop of -10.8% and a QoQ reduction of -8.9%
• While other ticket sizes saw a QoQ decline, the ₹1L+ segment continued to exhibit steady growth. YoY, originations for loans above ₹1L increased, whereas those under ₹1L decline

April 4^th, 2025: Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with ServiceNow to deliver next-generation broadband solutions tailored for Communication Service Providers (CSPs). The partnership offers a comprehensive vertical solutions stack that covers every aspect of a broadband CSP’s journey, including planning and building networks, managing operations, enhancing customer experience, and monetizing services.

The partnership leverages Tech Mahindra’s netOps.now platform, a pre-integrated end-to-end solution built on ServiceNow^® Technology, Media and Telecommunications (TMT) product suites, to unify customer care, operations, order management, and partner ecosystems for CSPs. Additionally, the solution provides AI-driven analytics, Network-as-a-Service (NaaS), Cloud-native Open Source Software (OSS) systems and intelligent automation to streamline operations and capitalize on the fast-growing “Everything-as-a-Service” opportunity. Through the solution, the CSPs will be able to improve operational efficiencies by up to 50%, ensuring accelerated time-to-market and scalable broadband rollouts.

Atul Soneja, Chief Operating Officer, Tech Mahindra, said, “The telco industry faces increasing pressure to modernize legacy systems, streamline network management, and enhance operational agility. Our partnership with ServiceNow will address these challenges and empower broadband providers to deliver high-speed connectivity, drive digital inclusion, and create value for communities globally. With an industry-leading zero-touch broadband operations platform, we will enable customers to seamlessly address connectivity challenges across rural, suburban, and urban markets.”

The partnership marks a significant step in Tech Mahindra’s continued expansion in the global broadband market, accelerating digital infrastructure and enabling CSPs to scale efficiently.

Erica Volini, Executive Vice President, Worldwide Industries, Partners, and Go-to-Market, ServiceNow said, “Partnerships succeed best when we lean into our unique skills and expertise and have a clear view into the problem we’re trying to solve. Tech Mahindra’s solutions with ServiceNow will help our customers provide the seamless experiences that their customers expect today. I am thrilled to see the continued innovation we will achieve together to help organizations succeed in the era of digital business.”

Recently, Tech Mahindra and ServiceNow successfully implemented this solution for a leading FibreCo in Germany, demonstrating its transformative impact. By leveraging the full ServiceNow TMT suite, Tech Mahindra streamlined the customer’s assurance experience, automated fulfillment processes, and enabled comprehensive end-to-end tracking of fiber rollout. This implementation on the ServiceNow Platform significantly improved operational performance, including a 20% reduction in fiber rollout time and major reductions in order fallouts. By consolidating 22 legacy systems into a single, unified platform, the solution has streamlined execution, enhanced efficiency, and accelerated service delivery.

As broadband demand continues to surge, this partnership positions Tech Mahindra and ServiceNow at the forefront of driving digital inclusion and seamless connectivity. This next-generation broadband solution will serve as a game-changer, unlocking new opportunities and driving sustainable growth across the global broadband market.

New Delhi, India –Smiling Tree, a leading environmental initiative, collaborated with Ramjas College, University of Delhi, for its 1st International Conference on “Global Perspectives of Medicinal Plants: From Traditional Systems of Medicine to Nanomedicine.” The prestigious event brought together eminent academicians, researchers, and policymakers to discuss the evolving role of medicinal plants in modern healthcare.

The conference was presided over by Prof. Yogesh Singh, Vice-Chancellor, University of Delhi, and witnessed the esteemed presence of Prof. Mahesh K. Dadhich, CEO, National Medicinal Plant Board; Prof. Ajay Kumar Arora, Principal, Ramjas College; and Prof. Dr. Suresh Kumar, Chairman, Department of Botany.

As a gesture of commitment to environmental sustainability, Smiling Tree planters were gifted to distinguished guests, students, and faculty members, symbolizing a collective effort towards a greener future. Dr. Mukesh Kwatra, Founder of Smiling Tree, emphasized the importance of integrating environmental consciousness with academic initiatives, stating, “Our collaboration with Ramjas College highlights the vital role of medicinal plants in sustainable healthcare and the environment. Through such initiatives, we hope to inspire a new generation to value and preserve nature’s resources.”

The conference successfully provided a platform for scholars to exchange insights on the integration of traditional medicinal systems with cutting-edge nanomedicine research. Smiling Tree remains committed to fostering environmental awareness and will continue to support initiatives that promote sustainability and scientific advancement.

4^th April 2025 – On March 27, Russian President Vladimir Putin visited the base of Atomflot FSUE in Murmansk, including the Headquarters of Marine Operations of the Northern Sea Route General Administration, Federal State Budgetary Institution (NSR General Administration FSBI).

The meeting was attended by Alexey Likhachev, Director General of Rosatom; Yakov Antonov, Acting Director General of Atomflot FSUE; Sergey Zybko, Director General of NSR General Administration FSBI; Alexander Skryabin, Captain of the lead nuclear icebreaker Arktika (via videoconference), and other officials.

Sergey Zybko reported that at the time of the visit, 50 ships were navigating the waters of the Northern Sea Route (the NSR), with a group of nine nuclear and non-nuclear icebreakers in operation. “I would like to point out that the headquarters’ operations are demonstrated using Russian software of a unified platform for digital services. Now, you can see satellite radar imagery being displayed on the screen. We have begun employing artificial intelligence to analyze these images. It is worth noting that the ice situation has been worsening in recent years. Despite widespread discussion about global warming, the current research by the Arctic and Antarctic Research Institutes does not prove it. According to these studies, no significant changes in ice cover are anticipated during winter and spring months until 2050.

From the waters of the Yenisei Gulf, Alexander Skryabin reported to Vladimir Putin on the operations of the vessel and the advantages of Project 22220 icebreakers. “Universal nuclear icebreakers are excellent vessels,” he noted. “I was the captain of the nuclear icebreaker Vaygach for more than 13 years. I may say that the new generation icebreakers are much better than the previous ones in maneuverability, and accordingly, in icebreaking capability. Project 22220 is unique. These icebreakers have better entrance lines. As mentioned, this results in a wider channel, which is crucial for the safe ice breaking assistance in the Arctic waters. I believe that these nuclear icebreakers will make the NSR a viable transportation route of Russia.”

Underway is the construction of the universal nuclear icebreakers Chukotka, Leningrad, and, in the Far East, of the lead nuclear icebreaker Rossiya. Additionally, another nuclear icebreaker under project 22220, Stalingrad, will also be laid down. Alexey Likhachev stated that two more universal nuclear icebreakers are required to maintain steady operations.

During his visit, Vladimir Putin also spoke with participants of the children’s scientific and educational expeditions “Icebreaker of Knowledge“, organized by Rosatom. 12 schoolchildren from different regions of Russia took part in the conversation with the head of state. They gave the president their impressions of the voyage to the North Pole and told him about the prospects that such projects and nuclear technologies offer to young talents. They pointed out the significance of the opportunity to participate in large-scale educational and scientific programs both in general and for children from smaller towns, in particular. These expeditions broaden young people’s horizons and help them understand their role in their country’s and world’s development. Participants spoke about their plans for the future and emphasized the importance of the work done by the expert mentors who accompanied them during this expedition.

A significant issue discussed at the meeting was the cultivation of patriotism among the youth. Pavel Yakushev, a veteran of the Special Military Operation and patriotic education advisor at Rosatom, shared his experience. He told the participants about his expedition to the North Pole as part of the “Time of Heroes” program, and the mission he has undertaken due to his involvement in Rosatom’s projects.

Speaking about the program, Dr. Raj Singh, Vice-Chancellor of JAIN (Deemed-to-be-University) said, “Digital transformation is reshaping businesses, driving the demand for skilled professionals in digital marketing and e-commerce. The Online MBA program in Digital Marketing and E-Commerce will equip learners with industry-relevant knowledge and practical expertise and prepare them for leadership roles in a competitive field. As job opportunities in these domains are set to expand globally in coming five years, the program following the same aligns with the growing need for expertise in performance marketing, AI-driven analytics, growth hacking, influencer marketing, and e-commerce management with a well-structured curriculum, exposure to essential tools, and engagement with industry experts.”

APRIL 4, 2025: ACME Solar Holdings, India’s leading renewable energy company and flagship business of the diversified ACME Group, has secured Rs 2,491 crore long term project finance facility for project life of 18- 20 years to refinance its existing debt facilities and reduce cost of financing of its 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan and Punjab.

This refinancing of state counterparty projects has been secured from SBI and REC at reduced weighted average interest rate of 8.8%. This has helped to improve the credit profile and obtain higher credit rating for Andhra Pradesh and Punjab entities under co-obligor structure. This aligns well with group’s goal of credit upgrade and bringing overall interest cost down for all operational projects. The operational track record for AP (160 MW) & Punjab (30 MW) Project is ~9 years and Rajasthan (300 MW)  is ~3 Years.

According to Purushottam Kejriwal, Chief Financial Officer of ACME Solar Holdings, “The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects’ credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.”

ACME Solar Holdings is at the forefront of India’s transition to clean energy with an operational capacity of 2540 MW capacity and a robust target of achieving 6970 MW capacity within the next three years.

April 4th, 2025:ebm-papst, the world’s leading manufacturer of fans and motors, is strengthening its commitment in India and investing in the expansion of its local production capacities. The official groundbreaking ceremony of the new plant in Chennai will take place on April 4^th with internal representatives. Due to its dynamic growth, India plays an important role in ebm-papst’s strategy for the Asia-Pacific, Middle East and Africa (APAC & MEA) region.

As part of the planned production expansion, ebm-papst has acquired a 57,600 m² (14.2-acre) plot of land in Chennai. The first phase of the upcoming construction project comprises an area of 23,000 m² and an investment of 36 million euros (INR 340 crore). The production plant, which is expected to be completed by end-2026, will enable the company to serve local customers in the APAC & MEA region quickly and flexibly, as well as to offer customized solutions.

“This investment reflects our long-term vision for India,” said Atul Tripathi, Managing Director of ebm-papst India, “By boosting local production, we are not only catering to the growing demand of our Indian customers but also creating sustainable employment opportunities that contribute to the country’s industrial development. Once fully operational, the plant will employ around 700 people.”

The new plant is an important step towards strengthening the resilience of ebm-papst’s supply chains and a further step in the “Local for Local” strategy

APRIL 4, 2025: On Day 1 of Startup Mahakumbh, as visitors entered the pavilion, they were awestruck by Moonrider’s electric tractor and Sarla Aviation’s flying taxi. Alongside that, the Mobility Pavilion unveiled game changing solutions, discussions and intentions for the future of mobility in India.

The day commenced with a fireside chat, Driven to Progress: The Importance of Mobility for Viksit Bharat. Moderated by Kunal Khattar, Partner, AdvantEdge Founders, it featured Vineet Aggarwal, Managing Director, Transport Corporation of India, who offered interesting insights on logistics and its importance in solving everything from last-mile delivery to intercity logistics.

Speaking about the opportunities for Indian companies to build capabilities from a global logistics point of view, Vineet Aggarwal explained, “If Indian companies have to expand, first, you develop your market here. You push the market here, grow the market here, and then start looking overseas based on how your clients are looking at it.”

An engaging panel discussion was also held, titled Viksit Bharat: Driving Investments to Accelerate Electrification across Auto, Logistics and Shared Mobility. This session was attended by Chirantan Patnaik, Director, British International Investment (BII), Aishwarya Kacchal, Senior Consultant, World Bank, Sanjay Sharma, Chief General Manager of Head Startup, Oil and Natural Gas Corporation (ONGC), Arpit Agarwal, Investment Partner, Bloom, and Sandeep Agarwal, Founder, Droom. It was moderated by Kunal Khattar, Partner, AdvantEdge Founders.

During the discussion, insights were offered on the rapid evolution of the mobility and logistics landscapes in India, highlighting major trends like multimodal transport, digitization, and alternative fuel adoption. Chirantan Patnaik highlighted the $350M+ investments in India’s EV logistics sector, emphasizing climate impact and income upliftment for gig workers. Meanwhile, Sandeep Agarwal flagged residual value uncertainty and financing hurdles for used EVs. He also stressed the need for standardized battery health data and predicted online dominance in used EV sales.

When asked how India’s EV transition compares globally, speaking at the panel, Aishwarya Kacchal said, “India dominates 2W/3Ws (80% global share with China) and leads in e-buses (~9,000 deployed). Policy ambition (30% EVs by 2030) and innovation stand out. Gaps: commercial vehicles and battery recycling. DFIs enable bankability – e.g., payment security mechanisms for e-buses.”

The panelists also identified high capital costs, fragmented financing, and supply-chain gaps as critical barriers, and called for passenger EV startups, tractor electrification, and circular economy solutions to unlock India’s $206B EV market by 2030.

A key highlight of the day was a panel on Powering the Future: The Importance of Integrated Manufacturing and Policy Incentives in EV Innovation. This panel was attended by Parminder Singh, Head, Design & Manufacturing, Media & Entertainment, India & SAARC at Autodesk, Wybren van der Vaart, Co-founder & CEO, BRIGHTBLU, Shri Ishtiyaque Ahmed, Program Director, NITI AAYOG, Rajesh Gaonkar, Founder & CEO, Sarla Aviation, Anoop Srikantaswamy, Founder, Moonrider. The panel was moderated by Swapna Gupta, Partner, Avaana Capital.

Shri Ishtiyaque Ahmed emphasized the government’s commitment to EV adoption. “There is urgency of the climate action. The temperatures are rising and there are extreme weather conditions. There is a significant responsibility on India with regard to reduction of the greenhouse gas emission also now when it comes to the transport sector. Transport sector contributes around 14% of the total carbon emission. As far as government of India’s vision is concerned, we have already committed that we would be net zero by 2070. As far as EV penetration is concerned, we are planning around 30% of the EV penetration by 2030. If you look at the figures of 2025 we have sold around 2 million EV units in the country. So EVs are very, very important.”

April 4, 2025: The Indian Public School (TIPS), one of the leading schools in the country which is part of globally renowned education network Globeducate Group, hosted the sixth edition of the South Indian Model United Nations (SIMUN) in Coimbatore, a three-day conference from March 31 to April 2, 2025. Centred on the theme of ‘Navigating a Changing World’, this year’s conference was the largest such MUN ever held in South India. The event brought together 1,135 delegates from 35+ schools around the country, engaged in thought-provoking debates and a true demonstration of student-led diplomacy.

The event was inaugurated with the ceremonial lighting of the lamp by Dr. S. Pandian IRS, Commissioner of Income Tax, Mr. Jairam Balakrishnan, CEO, Globeducate India, Mr. Sivasankaran S., Director, Globeducate India, and Dr. Sonali Geed, Chief Academic Officer, TIPS, signifying a commitment to fostering leadership, diplomacy, and global awareness among students.

Over the three days, students participated in discussions across 34 international committees, including G20, UNESCO, UNHRC, WHO, UNSC, NATO, and WHC. Through debates, moderated caucuses, and diplomatic negotiations, students explored solutions to contemporary global issues.

Beyond committee sessions, delegates had the opportunity to refine their analytical and leadership skills under the guidance of an esteemed executive board and subject matter experts. An interactive session with Ms. Padmashree Balaram, TEDx Speaker and Mentor at NSRCEL, IIM Bangalore, provided valuable insights into climate action and sustainability, encouraging students to think critically about global environmental challenges.

Reflecting on the event’s success, Jairam Balakrishnan, CEO of Globeducate India, stated, “SIMUN serves as a dynamic platform where students develop skills essential for leadership in an interconnected world. By participating in this conference, they not only strengthen their ability to think critically and collaborate across cultures, but also gain practical experience in diplomacy and problem-solving skills that are essential for success in higher education and beyond. We are glad to see the kind of participation that this edition of SIMUN received, making it one of the largest ever such student congregations in the country.”

Witnessing the students’ participation in the SIMUN with enthusiasm, Dr. S. Pandian, IRS, Commissioner of Income Tax, added, “Students form an intrinsic part of strong societies and it is critical to inculcate critical thinking in them through avenues such as this MUN. It is heartening to see so many students take part with passion and showcase their knowledge.”

SIMUN 2025 extended beyond traditional debates, incorporating team-building and social engagement activities to create a well-rounded learning experience. Social Night provided a platform for students to interact beyond formal discussions, fostering camaraderie and cross-cultural exchange. The SIMUN Spotlight allowed students to showcase their talents, reinforcing the event’s emphasis on creativity and collaboration.

The event concluded with an awards ceremony symbolising the ’ethos of excellence’, recognizing outstanding delegates across multiple categories, including Best Delegate, Honourable Mention, Best Speaker, Best Leadership Initiative, and Diplomatic Distinction.

India – Taboola, a global leader in delivering performance at scale for advertisers,  today announced a new report based on a survey conducted with Qualtrics, a leading company in experience management working with nearly 20,000 organizations worldwide. 

Performance advertising on social media is rapidly growing—industry forecasts predict that social media ad spend will reach $239 billion in 2025 and is projected to reach $273 billion in 2026. However, new research found that despite social media’s dominance in performance advertising, nearly 75% of performance marketers have noticed diminishing returns from their social media ad investments.

Additional key insights from The Pulse of Performance Advertising: Diminishing Returns include:

• Most of these performance marketers indicated that diminishing returns impact over 30% of their spend.

• Marketers focused on performance face diminishing returns on social media due to audience saturation, rising costs, and ad fatigue.

• Over 80% of performance marketers use multiple tactics to combat diminishing returns, with more than half expanding into additional digital channels beyond social media ads.

“While social media accounts for a large portion of performance advertising budgets, many marketers have hit a barrier in the form of diminishing returns,” said Adam Singolda, CEO of Taboola. “More spend just isn’t translating into better results. The findings in this report point to difficulty in sustaining performance over time, with marketers seeking solutions that can help them overcome that barrier.”

The Pulse of Performance Advertising: Diminishing Returns is based on a survey of more than 300 advertisers, from brands and agencies in the US.