State Bank of India (SBI), the largest bank in the country, is in discussion with dozens of new-age NBFCs, fintech and traditional NBFCs for co-lending. Hindustan Unilever (HUL) has begun discussions on possible alternatives to raw materials it imports from China in its bid to help the country become self-reliant. Kevin Mayer, CEO of TikTok, in an open letter, said the company is working with all stakeholders to address the related concerns after the app was banned in India. Read for more top stories from the world of business and economy:
The bank is in discussion with dozens of new age NBFCs, fintechs and traditional NBFCs for co-lending. Over half a dozen NBFCs have already been onboarded where the bank is lending based on the lead generated by these new players.
Speaking to shareholder at HUL's 87th annual general meeting, Mehta further stated that the company has initiated talks on the matter as it imports raw materials and packaging materials worth over Rs 400 crore from China.
Mayer, in his message, said that the company would do anything in its power to restore the positive experiences and opportunities that they can be proud of.
The spike in June could partly be due to the fact that returns of the month of April, March as well as some returns of February were filed in the month of June 2020.
Haryana has highest unemployment rate of 33.6 per cent, followed by Tripura at 21.3 per cent and Jharkhand at 21 per cent.