Kotak Mahindra Bank Partners With Jyoti CNC To Empower MSMEs With Tailored Equipment Financing Solutions

Kotak Mahindra Bank Ltd. (KMBL) has announced a strategic arrangement with Jyoti CNC, one of India’s leading CNC machine manufacturers, to offer, on standalone basis, customized equipment financing solutions to MSMEs in the machine tool industry.

This collaboration aims to simplify and accelerate access to capital for businesses looking to invest in advanced CNC machinery. Under the arrangement, Kotak Mahindra Bank will offer equipment loans up to ₹3 crore digitally, enabling faster and more flexible financing.

 

Rohit Bhasin, President, Head – Business Banking, Affluent, NRI and Chief Marketing Officer, Kotak Mahindra Bank, said, "This arrangement reflects our commitment to supporting MSMEs at every stage of their growth. By offering tailored financing solutions, we aim to empower manufacturers to scale operations, adopt cutting-edge technology, and enhance productivity."

 

The initiative is designed to benefit a wide spectrum of MSMEs, including:

 

- OEM suppliers to large automobile manufacturers

 

- Job workers operating on a smaller scale with limited machinery

 

Parakramsinh G. Jadeja, Founder, Chairman and MD – Jyoti CNC Automation Ltd, said, "We are excited to collaborate with Kotak Mahindra Bank to provide our customers with seamless access to financing. This initiative will not only support their business aspirations but also strengthen the overall ecosystem of precision manufacturing in India."

 

This arrangement aligns with Kotak’s broader strategy to be the preferred banking partner for MSMEs, offering innovative financial solutions that drive growth and resilience across industries.

 

About Kotak Mahindra Bank Limited

 

Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Limited.

 

The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking, and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on 30th June 2025, Kotak Mahindra Bank Ltd has a national footprint of 2,154 branches and 2,927 ATMs (incl. cash recyclers), and branches in GIFT City and DIFC (Dubai).

Share.Market (PhonePe Wealth) Decodes Mutual Fund Investing Trends Of GenZ On International Youth Day

●        Approximately 48% of Share.Market’s mutual fund investors are under the age of 30

●        Nearly 92% of the young investors invest through SIPs on the platform

● Approximately 95% of young investors choose equity funds with a large majority investing in well-diversified funds

This International Youth Day, Share.Market, PhonePe’s wealth management platform, highlights the growing participation of India’s young investors in Mutual Funds. A recent analysis of over 6 lakh mutual fund investors between August 1, 2024 and July 31, 2025 reveals that approximately 48% of the mutual fund investor base is in the age bracket of 18 to 30 years, indicating a strong mindset shift of youth towards investing and long-term wealth creation.

The data spotlights that nearly 95% of Gen Zs begin their investment journey in mutual funds through Equity. This reflects a clear appetite for high risk-reward investment options over short-term savings options. Moreover, the young investors are showing a strong preference for disciplined and consistent investing behaviour.

This trend is evident in how they are choosing to begin and sustain their mutual fund journey:

●     Maharashtra (16%), Uttar Pradesh (11%), and Karnataka (8%) lead in youth investor participation, reflecting widespread adoption across regions.

●        Approximately, 81% of the young investors come from B30 (Beyond Top 30) cities such as Jodhpur, Raipur, Vishakhapatnam, Gorakhpur, Mysore, Jamshedpur and Kolhapur, indicating increased financial inclusion and awareness.

●        As a commitment to long term wealth creation and savings, 92% invest on a monthly basis through SIPs with an average transaction value of approximately Rs. 1000 which is 18% lower than above 30 age group.

●        Approximately 21% of the young investors opted for at least one lumpsum investment with an average transaction value of nearly Rs. 8000 that is 30% lower than the investors over 30 years.

●     Diversified equity fund categories such as Value / contra and Flexicap are among the most preferred categories for these under-30 investors, with 70% of them owning a fund from at least one of these categories. Midcap and small cap are the other popular categories among these investors.

Commenting on the trend, Nilesh D Naik, Head of Investment Products at Share.Market (PhonePe Wealth) said, “It is inspiring to see India’s youth take charge of their financial well-being so early in life. Inculcating a healthy investing habit will improve their long-term investment journey and help them become confident investors over time. Their inclination towards consistently investing in SIPs and diversified fund choices shows a level of maturity and financial literacy that is promising for the future. At Share.Market (PhonePe Wealth), we are committed to empowering young investors with the tools, education, and insights they need to make informed and impactful investing decisions.”

This data reaffirms Share.Market’s mission to democratise investing and make wealth creation accessible to all, especially the next generation of investors who are shaping India’s financial future, one SIP at a time.

About PhonePe Wealth Broking:

PhonePe Wealth Broking Private Limited, incorporated in April 2021 is a subsidiary of PhonePe Limited (Previously known as PhonePe Pvt Ltd) and is registered with NSE and BSE as a Stock Broker, with CDSL as a Depository Participant with SEBI as a Research Analyst and with AMFI as a Mutual Fund distributor. Launched in August 2023, Share.Market, a brand of PhonePe Wealth Broking and affiliates, is a wealth and investment platform (app & website), catering to investors and traders of all expertise levels. The platform offers a wide range of investment products, including Stocks, Mutual Funds, WealthBaskets, and more.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing. All investors are advised to conduct their own independent research into investment strategies before making an investment decision. Registration granted by SEBI, enlistment as Research Analyst with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Samsung Semiconductor India Launches ‘Samsung Skill Development Centre’ At The Government Polytechnic Kolar Gold Fields

Supports Five State-of-the-Art Labs to Advance AI/ML, Automation, Robotics, and Cybersecurity Learning 

Samsung Semiconductor India Research (SSIR) today inaugurated its first “Samsung Skill Development Centre” at the Government Polytechnic in Kolar Gold Fields (KGF), Karnataka. As part of its Corporate Social Responsibility (CSR) initiative, SSIR has supported the development of five cutting-edge laboratories aimed at fostering hands-on learning in Artificial Intelligence/Machine Learning (AI/ML), Cybersecurity, Automation, Robotics, and Core Engineering disciplines.

 

The initiative aligns with Samsung’s commitment to empower youth in remote parts of the country to become catalysts of change and future innovation, while nurturing a passion for engineering and innovation amongst students from all backgrounds. Through this association, Samsung is dedicated to empowering young minds, improving the quality of education, and fostering a nationwide culture of scientific curiosity and innovation.

 

The five newly inaugurated Labs have facilities equipped with modern tools. This will further enable an ecosystem of innovation for students to thrive and help them develop industry-capable skills as part of their learning curriculum. Under a multidisciplinary approach, students will be provided practical experience.

 

Balajee Sowrirajan, EVP & MD, SSIR, said, “This initiative marks a pivotal step in enabling a hands-on experience for students in rural Karnataka. We fully support the Government of India’s mission on skill development and are committed to bridging the digital divide. By empowering students with knowledge in AI, IoT, and other emerging technologies, we aim to create limitless opportunities and secure India’s place in the global digital economy.”

 

The inauguration ceremony was graced by Dr. Roopkala M Shashidhar, Chairperson, Karnataka State Handicrafts Development Corporation; Smt. Manjushree N, Commissioner, Department of Collegiate and Technical Education; Smt. Geethanjali S, Principal, Government Polytechnic KGF, along with over 500 students, faculty, and dignitaries from Samsung and the Government of Karnataka.

 

This initiative builds on SSIR’s earlier collaboration under the Samsung Innovation Campus (SIC), through which the company partnered with the Government of Karnataka to provide AI and IoT training to over 1,000 students and teachers across 37 polytechnic colleges. The SIC initiative included infrastructure support, hands-on kits, and curriculum-based training modules designed to strengthen foundational tech capabilities across the state.

 

Samsung Newsroom India: Samsung Semiconductor India Research launches ‘Samsung Skill Development Centre’ at the Government Polytechnic KGF

 

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, digital signage, smartphones, wearables, tablets, home appliances and network systems, as well as memory, system LSI and foundry. Samsung is also advancing medical imaging technologies, HVAC solutions and robotics, while creating innovative automotive and audio products through Harman. With its SmartThings ecosystem, open collaboration with partners, and integration of AI across its portfolio, Samsung delivers a seamless and intelligent connected experience. For the latest news, please visit the Samsung Newsroom at news.samsung.com/in/

VDart Digital Appoints Mohamed Irfan Peeran As Chief Executive Officer

VDart Digital, a global digital and technology consulting firm, today announced the appointment of Mohamed Irfan Peeran as its new Chief Executive Officer, effective immediately. Irfan steps into the role after serving as Managing Director, where he played a pivotal role in accelerating the company’s growth, driving strategic diversification, and spearheading its global expansion. He brings with him extensive leadership experience from previous roles at the State of Michigan, Ford Motor Company, and Peer Solutions Group Inc. Sidd Ahmed, Founder of VDart, will continue in his role as Group CEO, providing visionary leadership across the company’s broader portfolio.

 

"With a proven track record of driving both organic and inorganic growth, Irfan has been pivotal in transforming VDart Digital into a high-performance, innovation-led services firm," said Sidd Ahmed, group CEO of VDart. "Under his leadership, we expanded into new geographies, deepened our digital capabilities, and introduced strategy consulting as a new service line, enabling clients to achieve transformation at a fraction of the cost charged by traditional firms. His ability to balance strategic thinking with execution excellence makes him the right leader for this next chapter."

 

As managing director, Irfan led the successful expansion into emerging markets, including the United Arab Emirates, Malaysia, and India, positioning them as key growth and delivery hubs for the company. He also played a central role in building out VDart Digital's solutions portfolio, spanning AI, cloud, data, cybersecurity, and enterprise platforms, making it a trusted partner for global enterprises seeking end-to-end transformation.

 

Widely recognized for his customer-first mindset and problem-solving approach, Irfan has helped increase customer satisfaction, deepen relationships, and energize teams across the organization. His leadership style blends vision, discipline, and empathy, fostering a culture of innovation, collaboration, and impact.

 

"As I step into the role of CEO, my focus is clear: accelerate scalable and sustainable growth, strengthen customer relationships and value delivery, build a high-performance, future-ready talent engine, improve operational efficiency and margin resilience, and sharpen our global brand and positioning," said Mohamed Irfan Peeran, CEO of VDart Digital. At VDart Digital, we don't just deliver solutions, we solve real-world business challenges with purpose, speed and empathy. Whether its helping organizations embrace AI, modernize legacy infrastructure, or navigate digital disruption, we bring the right mix of strategy, technology and execution. Our strategy consulting offering has proven that exceptional value doesn't require an exceptional price tag. I believe in the power of people, innovation and partnerships, and I'm excited to lead our journey into the next phase of impact."

 

With this leadership evolution, VDart Digital is doubling down on its mission to help global enterprises navigate complexity and unlock business value through intelligent, scalable, and future-ready digital solutions. From AI and cloud to enterprise modernization and cybersecurity, the company remains committed to delivering transformative results at speed and scale.

Samsung Announces Exciting Offers On Galaxy Z Flip7 And Z Flip7FE In India

Samsung, India’s largest consumer electronics brand, today announced exciting limited-period offers on the recently launched – Galaxy Z Flip7 and Z Flip7 FE. With the new offers, a bank cash back or an upgrade bonus of up to INR 12000, the Galaxy Z Flip7 will be available at just INR 97999. Similarly, the Galaxy Z Flip7 FE will be available at just INR 85999, with the bank cash back or an upgrade bonus of up to INR 10000. 

Further sweetening the deal for consumers looking to buy Galaxy Z Flip7 and Z Flip7 FE, the bank cash back and upgrade bonus offers can be clubbed with a 24-month no-cost EMI option.

 

Samsung's seventh generation foldable smartphones have seen unprecedented demand in India, with the company securing over 2.1 lakh pre-orders for Galaxy Z Fold7, Z Flip7 and Z Flip7 FE in the first 48 hours since their launch in July, 2025.

 

Galaxy Z Flip7, a compact AI phone with multimodal capabilities, is powered by a new FlexWindow. Small enough to slip into a pocket, yet powerful enough to deliver the handiest assistance, it melds Galaxy AI with a new edge-to-edge FlexWindow, a flagship level camera and an ultra-compact and iconic design. From intuitive voice AI to the best selfie capabilities, Galaxy Z Flip7 is an intelligent pocket-sized companion built for seamless interaction and everyday reliability. Weighing just 188 grams and measuring only 13.7mm when folded, Galaxy Z Flip7 is the slimmest Galaxy Z Flip yet.

 

Galaxy Z Flip7 comes with a stunning FlexWindow display, which brings essentials front and center and makes it easy to type out quick messages. The 4.1-inch Super AMOLED FlexWindow is the largest ever on a Galaxy Z Flip7, with edge-to-edge usability that enables users to see and do more on the cover screen. With 2600 nits of peak brightness, the FlexWindow gets an upgrade with Vision Booster, enhancing outdoor visibility so users can stay connected wherever they are. The main display is a 6.9-inch Dynamic AMOLED 2X, built for an ultra-smooth, immersive experience.

 

The cover and back of Galaxy Z Flip7 are protected by Corning® Gorilla® Glass Victus® 2. The Armor FlexHinge is thinner than the hinge on the previous generation and features a restructured design and high-strength materials for smoother folds and long-lasting durability. A robust Armor Aluminum Frame provides a tough exterior for resilience. The 4300mAh battery is the largest ever on a Galaxy Z Flip delivering up to 31 hours of video play time on a single charge.

 

Galaxy Z Flip7 FE features a 6.7-inch Main Display for an immersive viewing experience. The 50MP FlexCam enables high-quality selfies and video in Flex Mode, letting users capture content hands-free, without even opening the device.

 

Galaxy Z Flip7 comes in three refreshing colours- Blue Shadow, Jet Black and Coral Red. Galaxy Z Flip 7FE comes in Black and White colours.

Air India Express Announces Freedom Sale With 5 Million Seats On Offer

 Bookings open until 15th August 2025 for travel from 19th August 2025 to 31st March 2026 

As India celebrates 79 years of independence, Air India Express, the country's fastest-growing airline, unveils its grand Freedom Sale, offering 5 million seats across its expansive domestic and international network. With fares starting at just ₹1279 for domestic and ₹4279 for international flights, this sale is a celebration of freedom, connectivity, and accessibility of a new India.

 

The sale opens exclusively on www.airindiaexpress.com and the Air India Express mobile app on 10th August and will be available across all major booking channels from 11th to 15th August 2025. Travel under this offer is valid from 19th August 2025 to 31st March 2026, covering India’s most vibrant festive season including Onam, Durga Puja, Deepawali, Christmas, and more.

 

Air India Express continues to redefine affordable air travel with fare options tailored to individual preferences. The airline’s unique zero check-in baggage fare, Xpress Lite, is available on its website and offers exceptional value. Xpress Value fares that include standard check-in baggage allowances start at ₹1379 for domestic and ₹4479 for international flights. For those seeking a premium experience, Xpress Biz, the airline’s business class equivalent, offers an industry-leading seat pitch of up to 58 inches and is now available on over 40 brand-new aircraft recently inducted as part of the airline’s rapid expansion. Loyalty members enjoy fab deals including 25% on Xpress Biz fares, 20% on additional baggage options, ‘Gourmair’ hot meals, seat selection, priority services, and upgrades. The airline also continues to offer special fares and advantages for students, senior citizens, armed forces personnel, and their dependents, ensuring inclusive access to affordable travel across India.

 

With a growing fleet of 116 aircraft and over 500 daily flights, Air India Express connects 38 domestic and 17 international destinations, playing a pivotal role in linking metros, non-metros, and emerging cities. The airline’s deep India connect is reflected not only in its expansive network but also in its commitment to celebrating the country’s cultural richness. Through its ‘Tales of India’ initiative, each aircraft tail features indigenous Indian textile patterns such as Bandhani, Ajrakh, Patola, Warli, Aipan, and Kalamkari, turning each aircraft into a tribute to India’s timeless traditions and vibrant modern spirit.

 

Air India Express stands as a smart enabler of freedom and mobility on the India - Middle East routes, which serve the largest Indian expatriate population. With comfortable seats, hot meals, and thoughtfully curated fare types, the airline continues to offer best-in-class value, and a travel experience infused with the unique warmth that is distinctly Indian. 

 

About Air India Express         

Air India Express is A Tata Enterprise and a subsidiary of Air India, operating over 500 daily flights, connecting 38 domestic and 17 international airports, with a fleet of 116 aircraft, comprising 76 Boeing 737s and 40 Airbus A320s. Air India Express invites guests with the proposition to ‘Fly As You Are', using thoughtfully considered technology to enable flyers to personalise their travel experience. The airline offers ‘Gourmair’ hot meals, comfortable seats, and a host of exclusive loyalty benefits with a sense of unique Indian warmth, and an award-winning digital experience on its mobile app and website, airindiaexpress.com.   

Five EV Scooters That Make’s The Perfect Raksha Bandhan Gift For Your Siblings

This Raksha Bandhan, celebrate the bond with a gift that’s thoughtful, stylish, and future-ready, an electric scooter for your sister. Whether she’s commuting to work, heading out with friends, or just enjoying a solo ride, an EV scooter offers her the perfect mix of independence, convenience, and sustainability. It’s more than just a ride it’s a gesture that says you care for her safety, comfort, and the planet. This year, tie the thread of love with something that truly moves her literally and meaningfully.

Zelio Eeva     Price: Rs. 69,000

The Zelio Eeva is crafted specifically for urban riders seeking a smart, affordable, and eco-conscious low-speed electric scooter. It’s powered by a 250 W BLDC motor paired with battery options ranging from 60 V to 72 V (gel or lithiumion), offering a range between approximately 60 km and up to 120 km per charge, depending on the variant, and charges in 4-10 hours based on battery type. This scooter is ideal for students, gig workers, or novice riders navigating city streets. Packed with practical features, it includes reverse gear, parking switch, central locking with antitheft alarm, USB charging port, digital speedometer, and underseat storageall adding to easeofuse and security.

 Odysse Hy-Fy            Price: Rs. 42,000/-

The Odysse HyFy is designed with city commuters in mind, offering a smart, affordable, and eco-conscious solution to urban mobility. This low-speed electric scooter is not only budget friendly but also features a 250W motor paired with either a 48V or 60V battery configuration, enabling a top speed with a top speed suitable for navigating city streets safely and efficiently. The HyFy is engineered to provide maximum ease of use, with thoughtful additions like large boot space, cruise control and various modes like city drive, reverse ride, and parking modes, giving riders complete control in any situation. Whether you're heading to work or running daily errands, HyFy ensures a smooth and confident ride.

Kinetic Green Zing           Price: Rs. 76,000/

The Kinetic Green Zing is made for urban riders seeking a smart, stylish, and eco-conscious ride. It houses a 250 W BLDC motor paired with a 1.4 kWh or 1.7 kWh lithiumion battery (Big B variant), delivering a range of 70 km and 100 km per charge, respectively, with a modest charging time of 3-4 hours. With a top speed of 25 km/h, the Zing skirts the need for a driving license or vehicle registration in many cities, simplifying daily commutes. Designed with urban practicality in mind, the Zing features a fully digital instrument cluster, cruise control, USB charging port, and a remote key system offering keyless start, anti-theft alarm, and “locate my scooter” functionality.

 Odysse Racer Neo   Price: Rs. 52,000/-

The Odysse Racer Neo is built for modern riders who value performance, style, and sustainability in their everyday commute. With a top speed of 25 km/h and an impressive range of up to 115 km per charge, this low-speed electric scooter combines power efficiency with long-lasting convenience. Powered by advanced Graphene and Lithium-ion battery options, the Racer Neo ensures a dependable ride with a charging time of just 4-8 hours. Designed to elevate urban mobility, it comes equipped with smart features like cruise control, adequate boot space, a LED digital meter, keyless start/stop, USB charging port, and versatile riding modes including City, Reverse, and Parking. Its sleek design is complemented by five dynamic color options: Fiery Red, Lunar White, Titanium Grey, Pine Green, and Light Cyan, making it a perfect expression of personal style and smart mobility.

Ampere Reo                Price: Rs. 59,900/-

The Ampere Reo is a smart and practical choice for everyday city travel, combining affordability with essential electric mobility features. Powered by a 250W motor and a lead-acid or lithium-ion battery, it offers a smooth ride with a top speed of 25 km/h makes perfect for navigating busy streets with ease. With features like a digital display, USB charging port, and comfortable seating, the Reo is built for convenience and reliability. Whether it’s daily commutes or short errands, the Ampere Reo delivers a hassle-free and eco-friendly ride.