SBI launches online quick loan solution for MSMEs

Delhi is expected to witness another significant rise in electricity demand this summer. According to the State Load Despatch Centre (SLDC), last year, Delhi's peak power demand had clocked 8442 MW. This year, it is likely to cross 9000 MW. The expected peak of over 9000 MW represents an increase of over 300 per cent compared to the 2879 MW recorded in 2002. Current trends suggest that Delhi's peak power demand is likely to cross the 10,000 MW mark by 2028-2029.

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

Mumbai (Maharashtra) [India], March 12: As artificial intelligence and advanced analytics reshape credit decisioning across India's lending ecosystem, financial institutions are now increasingly combining advanced analytics with organisational capability to deliver faster credit access and scalable growth.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Bengaluru (Karnataka) [India], March 12: Swiggy, India's pioneering on-demand convenience platform, and HDFC Bank, India's largest private sector bank, today announced the expansion of their co-branded credit card portfolio with the launch of two new variants: the Swiggy BLCK HDFC Bank Credit Card and the Swiggy Ornge HDFC Bank Credit Card. The Swiggy BLCK and Ornge HDFC Bank Credit Cards are designed to maximize value across food, quick commerce, lifestyle, and travel. Card members will enjoy enhanced, category-leading cashback on Swiggy and premium partner platforms, alongside exclusive instant discounts on Cleartrip and Nykaa. The expanded portfolio offers up to ₹48,000 in annual savings, bringing elevated, everyday benefits to a wider segment of consumers.

Due to the current West Asia geopolitical situation and blockade on LPG imports, available supplies are being carefully rationed to ensure wider coverage, with domestic households being the top priority. The three major state-run oil marketing companies (OMCs) have initiated a judicial distribution strategy to manage the available Liquefied Petroleum Gas (LPG) stocks.

Indian Potash Limited (IPL) has signed a Memorandum of Understanding (MoU) with the Government of Odisha for modernization and expansion of Badamba Sugar Mill with an estimated investment of Rs 360 crore, the state-owned company said in a statement.

Singapore, March 11: Princeton Digital Group (PDG), Asia's leading data center operator, today announced a plan to raise up to USD 5 billion in debt financing this year to fund its contracted capacity across the region.

Singapore, March 11: Globe Teleservices Pte. Ltd. (GTS), a global telecom solutions provider, announced its partnership with Myanma Posts and Telecommunications (MPT Myanmar), Myanmar's state-owned telecommunications operator, to strengthen secure messaging services for subscribers both locally and globally.