Cover Feature – Ecostar Business

Union Bank of India: Digital bank-ability to harbinger a revolution

Ecostar Editor MagFebruary 15, 20212050 Views0

The digitization of small-loan processing and disbursement is a path- breaking step. The second-largest public sector lender to the MSMEs has set its focus on building three pillars, such as attractiveness, responsiveness and outreach. The lock-down in no way hindered the bank from making itself accessible to MSMEs as both the conventional and online channels were actively open for customers. Within seven months of government's announcement for amalgamation of two smaller public sector bank, Andhra Bank and Corporation Bank with Union Bank of India, everything fell in place for smooth transition. The final leg of amalgamation coincided with the worst crisis that India had ever seen, through the pandemic induced first phase of the strict lock-down. However, that did not impact the process o

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Telangana Industrial Health Clinic: Clinical solutions for small business sickness

Ecostar Editor MagNovember 17, 20201911 Views0

The fin-tech non-banking institution, TIHCL, already an expert in diagnostic study and curative solutions for small business sickness, supports troubled units' revival through combined strategies, which include handholding, mentoring, counseling and restructuring. The virtual “clinic” is widening its scope of solutions so that larger number of sick manufacturing micro and small enterprises can be brought to the phase of revival, says TIHCL management. No institution is meaningful or considered worthy until it tangibly proves what it boasts of. In an era when showmanship, spontaneous propaganda and hosting events and receiving awards determine credibility of institutions, which are supposed to be serving MSMEs, meaningful efforts for rescuing troubled business units are not visible. The...

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Aarogya Setu App: Controversy has no meaning

Ecostar Editor MagOctober 29, 20202272 Views0

Despite adequate information about AarogyaSetu App available and as Press Releases and Social Media posts on 2nd April 2020 at the time of its launch clarified, the App was developed in a public-private partnership. On every occasion, it was mentioned that the AarogyaSetu App was developed by NIC in collaboration with volunteers from industry and academia. However, someone’s passion for creating controversy never ends. The officers responsible for providing information also must have acted responsibly without passing the buck on to other offices and officers to respond to an RTI demand. After the orders passed by the Central Information Commission (CIC) on an RTI query about AarogyaSetu App, the government noted the issue. As per the orders, CIC, the Central Public Information Officer ...

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The New India Assurance Company: The Unbeatable Centurion

Ecostar Editor MagOctober 20, 20203581 Views0

Atul SahaiChairman & Managing Director The open-for-all 19 years general insurance history of India hasn'tchallenged the leadership of the oldest player of the country.The centurion has not only stayed with its admirable inheritance of the legendary Tatas but also built huge wealth for itsstake holders. With reserve position that is stunningly morethan the market capitalisation and investment income thatcould at least be four times the equity base ever and a strongmanagement capable of meeting every market challenge,NIAC is truly an insurance giant in size and power. A centurion naturally has better experience and knowledge of the market as well as the business it has been engaged in over the years. Decades long experience of the current management contributes to the stren...

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Jalaram Group Directors

Ecostar Editor MagOctober 20, 20202073 Views0

They don't believe in giving a sharper focus on one segment to be the best in the segment. "We can continue to give such sharper focus even while staying with a focus on diverse verticals, which are independently profitable if we are serious about every aspect of the business," he adds. Whatever one does, that must be done in the best possible way without wasting time and with any excuse, the entrepreneurs believe. Somehow, they find perfect synergy in all their current businesses of passenger car servicing, oil retailing, two-wheeler selling and the new water purifying chemical manufacturing businesses. The new business of manufacturing and exporting water purifying chemicals in the area where the partners have no previous experience. But they have enough knowledge of managing...

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Jalaram Group: Successful model of partners` synergy

Ecostar Editor MagOctober 19, 20202145 Views0

A perfectly synchronized team of four energetic entrepreneurs with a common business goal is racing successfully ahead. They show how a partnership can build multiple businesses and bring under one umbrella to tap the best possible value. Precisely calculated and calibrated diversification gives them stronger wing to fly in the world of business towards being a prudently diversified corporate entity. The Surat-based Jalaram Group stands up proudly to tell the young India a story of success out of a well-tuned partnership and hard work. One's flamboyant education is not a convincing metric for being a successful entrepreneur. Even without having big degrees and professional qualifications one can be a successful entrepreneur, provided there is a vision and desire for it. The Surat...

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Future Potential Corporate

adminJune 11, 20191941 Views0

POTENTIAL 101 ENTREPRENEURS Econostar Business Publications has more than two decades experience in covering SMEs. Its closer interactions with lenders and financial service institutions engaged in providing services to SMEs, nature of various companies located in industrial ones, etc helped it learn the core issues of the sector and also find potential entrepreneurs, whose capability cannot be ignored as they lay faraway from the media world.Since July 2018, Econostar Business Publications has been doing a survey on small and medium enterprises (SMEs). We have considered a company with turnover size between Rs 50 crore and 200 crore as small and Rs 201 crore and Rs 999 crore as medium size companies, beyond the definition made in the MSME Act. The primary aim of studying the compan...

Cover FeatureInsurance

General Insurance Corporation of India

adminDecember 17, 20182107 Views0

There is a huge leg space for GIC of India to expand its business and earn substantially in the years ahead. As a reinsurance market leader in India, which is the tenth largest life and fourth fifteenth largest non-life market, GIC, through its global strategy of focusing on better premium fetching business, can show wonderful results and make its shareholders cheer for their long term holding. Other than the home market, its focuses on the fast-growing Afro-Asian including Russia and CIS and Latin America ensure better quality business, thanks to its carefully chosen target. It has already shown remarkable achievement in cutting the combined ratio when the world average has been on arise in the last three years. Seven months after listing of India’s largest reinsurer’s stocks on the B...

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Goa Shipyard Ltd

adminDecember 17, 20182050 Views0

After the incredible turnaround, now a world-class shipyard What could be called a turnaround strategy that Goa Shipyard embarked on four years ago and the steps that ensured the sustainability of all new achievements, now have become a preparation for facing all future challenges. Once a barge builder, is now a world-class shipyard with many track records in history and laurels on its cap, GSL is set to build missile frigates and Mine Counter Measure Vessels, while it already has the capability to design and build tailor-made defence ships not only for India but also for foreign blue water Navies, besides various types of commercial vessels. Works on war footing basis at Goa Shipyard in the last four years have metamorphosed the shipyard to an integrated ship building conglomerate, c...

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Bharat Dynamics Ltd Builds Dynamic India on flourishing defence business at home

adminDecember 14, 20182036 Views0

Bharat Dynamics Ltd. (BDL) has built-in itself a world-class capability for manufacturing guided-arms and allied defence equipment beyond just being a contract base for manufacturing ATGM under India’s agreement with French, Russian or any other external organizations. It acquired a high level of technical prowess over the years it's working with various organizations for manufacturing sophisticated guided weapons, meeting the changing necessities of armed forces and also through understanding their next-generation battlefield challenges. In fact, it has succeeded not only in systematically upgrading its skill-sets as a contract manufacturer of guided arms, but also in R&D driven innovation in defence equipment making. Through discreet pooling of India’s scientific, technological and ...