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Can You Get a Loan Against Your Fixed Deposit

Fixed deposits (FDs) are a popular investment option due to their predictable returns and stability compared to other market-linked investment products. However, there may be instances when you need immediate liquidity, even before your FD matures. Fortunately, many financial institutions offer loans against fixed deposits.

Loan Against Your FD

A loan against your FD can help you access the required funds quickly, with minimal documentation and typically at competitive interest rates. Therefore, if you do not prefer opting for traditional loans, like a personal loan, or have urgent financial requirements, a loan against your FD can be a great choice.

How Does a Loan Against Fixed Deposit Work

A loan against a fixed deposit allows you to borrow funds using your FD as collateral, without breaking the deposit. Here’s how it typically works:

  1. Eligibility and Application: You are most likely to be eligible for a loan against FD if you hold an FD account with a bank or NBFC that offers this facility. You can apply online or at a branch.

  2. Loan Amount: The loan amount is usually a percentage of the FDs value, often around 75-90%. The exact limit depends on the institution’s policies and the FD amount.

  3. Interest Rate: The interest rate on this loan is generally 1-2% above the FD’s interest rate. This makes it a lower-cost option compared to unsecured loans since your FD acts as collateral.

  4. Repayment Tenure: The repayment term often aligns with the FD’s remaining tenure, meaning you must repay the loan before the FD matures. Some institutions offer flexible repayment terms.

  5. Zero to Minimal Processing Fee or Penalty for Prepayment: Many banks and NBFCs charge little or no processing fee, and some waive prepayment penalties, making this a convenient loan option if you repay it early.

  6. No Impact on FD: Your FD remains intact, continuing to earn interest as usual. You’ll only face consequences on your FD if you default on the loan repayment, in which case the financial institution may liquidate your FD to recover the outstanding amount.

Things to Keep in Mind before Applying for a Loan Against Fixed Deposit

Before you apply for a loan against FD, keep the following points in mind:

  • Understand the Terms and Conditions: Carefully review the terms and conditions of the loan, including interest rates, processing fees, and repayment terms.

  • Compare Offers: Explore offers from different financial institutions to find the best deal.

  • Consider the Impact on Returns: While a loan against FD can provide immediate liquidity, it may impact your overall returns on the FD.

By understanding the nuances of this type of loan, you can make informed decisions and leverage this financial tool to meet your immediate needs without compromising your long-term investment goals.

Why Open Shriram Unnati Fixed Deposit

Shriram Unnati Fixed Deposit is a dependable choice of investment with a range of compelling features and benefits. It is designed to meet the wide spectrum of financial goals and aspirations of investors.

  • Compelling Interest Rates: Shriram FD offers an interest rate of up to 9.40%* p.a. (inclusive of 0.50%* p.a. for senior citizens and 0.10%* p.a. for women depositors), making it a wise choice of investment for people from different demographics.

  • Affordable Minimum Investment Amount: Investors can start their journey with Shriram Fixed Deposit with an investment amount as low as ₹5000 increasing in multiples of ₹1000. This makes it accessible to a wide range of investors with different financial profiles.

  • High Credit Ratings: Shriram Finance is rated “[ICRA]AA+ (Stable)” by ICRA and “IND AA+/Stable” by India Ratings and Research, making its FD a reliable investment tool in the market.

  • Cumulative and Non-Cumulative Schemes: Investors can opt between a cumulative or non-cumulative FD scheme, enabling them to have more control over their payout options. With a non-cumulative scheme, investors can choose from monthly, quarterly, half-yearly and yearly payout options and enjoy a steady flow of income. A cumulative scheme can help investors maximise their returns on maturity.

  • Flexible Tenure and Easy Liquidity: Shriram Finance offers a variety of tenure options on Shriram Unnati Fixed Deposit, allowing investors to choose terms that best suit their short-term or long-term financial goals. Investors also enjoy easy liquidity on their FD with a diverse range of payout options.

Conclusion

Opting for a loan against FD is a smart, flexible solution for individuals seeking immediate funds without disrupting their investment portfolio. This form of secured loan is an ideal choice for those who need temporary liquidity while maintaining their savings strategy. With its ease of access and minimal documentation, a loan against FD stands out as a valuable financial tool for both planned and unplanned expenses.

About Shriram Finance
Shriram Finance is a leading diversified financial services company in India, offering a wide range of financial products and services across consumer, wholesale, and business finance segments. The company has a strong presence pan India with a network of 3,149 branches and an employee strength of 77,764 with an AUM of Rs. 2,430,40 crores. With a focus on financial inclusion and customer-centricity, Shriram Finance continues to empower individuals and businesses to achieve their financial goals.

Disclaimer

With regards to deposit-taking activity of Shriram Finance Limited (‘SFL‘), viewers may refer to detailed information and T&C provided in our application form available at www.shriramfinance.in/downloads. The Company is having a valid Certificate of Registration dated 31st January 2023 issued by the Bank under section 45-IA of the RBI Act. However, the Reserve Bank of India does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

Somaiya Vidyavihar Hosts Somaiya All Alumni Meet (SAAM) 2025

Somaiya Vidyavihar, a legacy institution rooted in excellence and service since 1942 continues to emphasize the transformative power of education in nurturing individuals who lead with integrity and responsibility. Reflecting this ethos, Alumni Relations Department of the Somaiya group hosted the grand Somaiya All Alumni Meet (SAAM) 2025 on January 18, 2025, in the vibrant campus of Somaiya Vidyavihar University in Mumbai. The alumni meet was graced by the presence of Shri Samir Somaiya, President, Somaiya Vidyavihar, Dr V N Rajsekharan Pillai, Vice Chancellor of Somaiya Vidyavihar University, Lt. Gen. H S Kahlon, Secretary, Somaiya Trusts, Dr. Raghunath Shevgaonkar, Provost, Somaiya Vidyavihar, Ms. Durga Rani Sinha , Director Alumni Relations and other dignitaries from the multitude of educational institutions of the Somaiya group. Over 2500 alumni from across the globe reunited to celebrate shared memories, strengthen connections, and honor Somaiya’s growth and achievements.

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SAAM 2025 – Felicitation of Distinguished Alumnus

The event showcased the diversity and scale of Somaiya Vidyavihar’s educational initiatives, spanning a wide array of disciplines and institutions. Under the banner of Somaiya Vidyavihar University (SVU) are institutions such as K. J. Somaiya School of Engineering, K. J. Somaiya Institute of Management, Somaiya School of Design, K J Somaiya Institute of Dharma Studies, and the Maya Somaiya School of Music and Performing Arts. Additionally, other prominent institutions like K. J. Somaiya College of Science and Commerce, K. J. Somaiya College of Arts and Commerce, S K Somaiya College of Arts, Science and Commerce, K J Somaiya Medical College & research Center, K J Somaiya Physiotherapy College, K J Somaiya College of Nursing come under the larger umbrella of Somaiya Vidyavihar. All these institutions and many more reflect the group’s enduring commitment to holistic learning and societal impact. Together, these institutions foster an environment where students and alumni alike continue to thrive.

SAAM 2025 organised by Somaiya Alumni Relations is a pan-Somaiya effort to realise the immense benefit of uniting the efforts of all the alumni groups of all the individual institutes while retaining the individual strengths of each. In this, Somaiya only reflects the spirit of our great nation of Unity in Diversity.

The alumni meet featured performances by legendary Bollywood playback singer Sudesh Bhosle and renowned stand-up comedian Sahil Shah, who captivated the audience with their stellar performances. A special highlight of the event was the felicitation of below listed 13 illustrious alumni, recognized for their exceptional contributions to their respective fields and their commitment to excellence, reflecting the Somaiya ethos of nurturing impactful leaders.

List of Distinguished Alumnus:

  • Mr. Sachchidanad Shukla, Group Chief Economist, Larsen & Toubro Ltd. from K J Somaiya College of Arts & Commerce, Batch 1995.

  • Dr. G S Rao, Former Director, Symbiosis International University, from K J Somaiya College of Science & Commerce, Batch 1977.

  • Ms. Kinnari Kotecha, Founder, Kites Education and Skill Training from K J Somaiya School of Education, Somaiya Vidyavihar University, Batch 2010.

  • Mr. Manoj Kotian, Physical Educator, Cathedral and John Connon School, Mumbai, from K J Somaiya College of Arts & Commerce, Batch 1998.

  • Mr. Mayank Shukla, Team Lead, Schaeffler from K J Somaiya Institute of Technology, Batch 2013.

  • Dr. Rajnikant Gadekar, Doctor (B.H.M.S CCMP) from Somaiya Vidyavihar Mandir – Laxmiwadi, Nashik, Batch 1996.

  • Dr. Riddhi Manojkumar Goradia, Assistant Professor in Community Physiotherapy Department, Joint Secretary of KJSCOPT Alumni Association from K J Somaiya College of Physiotherapy, Batch 2015.

  • Dr. Pravin R. Patil, Lecturer in Mechanical Engineering, K. J. Somaiya Polytechnic from K. J. Somaiya Polytechnic, Batch 1999.

  • Mr. Motichand Ghongde, General Manager, Petro India Pvt. Ltd from K J Somaiya Private Industrial Training Institute, Batch 2006.

  • Mr. Apurva Turakhia, Owner, Invictus International from K J Somaiya School of Engineering, Somaiya Vidyavihar University, Batch 2000.

  • Mr. Vikram Bhatt, Founder and Director – Growth & Strategy, Enrich Salon from K J Somaiya Institute of Management, Somaiya Vidyavihar University Batch 1997.

  • Dr. Abhidha Shah, Associate Professor, Seth G.S. Medical College and K.E.M. Hospital from K J Somaiya Medical College & Research Centre, Batch 1997.

  • Mr. Mayur Dhumasia, Assistant Professor in Dept of Accountancy, K C College of Arts, Commerce & Science, Mumbai from S K Somaiya College of Arts, Science & Commerce, Batch 2012.

Addressing the attendees, Shri Samir Somaiya, President of Somaiya Vidyavihar, stated, “Our alumni are the heart of Somaiya Vidyavihar. Each of you carries forward the values, vision, and spirit of this institution, impacting lives and shaping communities. This reunion is not just about reconnecting; it is a celebration of the shared legacy we continue to build. As we innovate, grow, and extend our reach globally, your achievements remind us of why we do what we do – to create leaders who inspire and bring change.”

Somaiya All Alumni Meet (SAAM) 2025 was a testament to the enduring legacy of Somaiya Vidyavihar, celebrating its transformative impact on generations of learners and its commitment to fostering a connected and supportive alumni community.

For SAAM 2025 link it to the www.alumni.somaiya.edu/e/somaiya-all-alumni-meet-saam-2025.

Malabar Group Announces Scholarships for Over 3,900 Girl Students, Reinforces its Vision for Women Empowerment

Malabar Group, a leading Indian business conglomerate and the parent company of Malabar Gold & Diamonds, announced its Educational Scholarships for girl students in Telangana for the 2024-2025 academic year. The announcement was made during an event at The Telangana State IAS Officers Institute in Somajiguda, Hyderabad. This announcement marks a significant milestone in the Groups flagship CSR initiative, the Malabar Scholarship Programme, which underscores its commitment to supporting girls education. The event was inaugurated by Smt. D Anasuya Seethakka Garu, Minister for Panchayat Raj & Rural Development (including Rural Water Supply), Women & Child Welfare, Government of Telangana. The Group’s top leadership, including, Mr Asher O, MD – India Operations – Malabar Group, Mr. Siraj PK, Retail Head – Rest of India – Malabar Gold & Diamonds, Mr. Mohammed Shareej K, Zonal Head, Malabar Gold & Diamonds, Mr. Shanib K, Zonal Head, Malabar Gold & Diamonds were also present at the event along with other management team members of Malabar Gold & Diamonds, customers, well-wishers and students. This year, the scholarship program in India has earmarked a budget of Rs. 16 crore to support the education of over 21,000 girl students. In Telangana, a total of Rs. 3.14 crore has been allocated to assist the education of more than 3,900 girl students across 116 colleges in the state.

Malabar Group Announces Scholarships for Over 3,900 Girl Students, Reinforces its Vision for Women Empowerment

Speaking about the initiative, MP Ahammed, Chairman of Malabar Group, said, “Education is the most powerful tool to change the world. Our scholarship programme is a direct reflection of Malabar Group’s deep-rooted belief that education unlocks opportunities and transforms lives. We are committed to removing barriers for young girls so they can fulfil their educational aspirations and contribute meaningfully to society.”

Since its inception, Malabar Group has demonstrated a strong commitment to inclusive growth through its social welfare activities. In 1999, the Malabar Charitable Trust (MCT) was created to structure and expand these efforts. The group allocates 5% of its profits to CSR initiatives, which span education, healthcare, environmental sustainability, and poverty alleviation, focusing on empowering marginalized communities.

The Malabar National Scholarship Programme, launched in 2007, is a flagship initiative under its CSR framework. To date, over Rs. 60 crore has been contributed to support the programme, providing financial aid to more than 95,000 girl students across India & over Rs. 13.74 crore has been contributed to the support of more than 22,400 girl students in Telangana State. By focusing on girls education, Malabar Group aims to uplift not just individuals but entire communities, ensuring future generations are equipped with the tools for social and economic progress.

In addition to the scholarship programme, the Malabar Groups Hunger-Free World Project provides nutritious meals to the underprivileged across the country. Supported by a strong network of volunteers and partnerships with local NGOs, the initiative is committed to eradicating hunger and ensuring food security for all. Currently, over 60,000 food packets are distributed daily in 81 cities across 17 states in India. Additionally, 10,000 food packets are provided every day to school students in Zambia. Malabar Group aims to scale the project to serve 100,000 people daily at 200 centres. The Hunger-Free World Project is being implemented in collaboration with Thanal, a voluntary organisation, which is active in social service.

The Malabar Group has also launched the Grandma Home project, which provides free, fully equipped accommodation for destitute women, offering them protection and care. Currently, homes are operational in Hyderabad and Bengaluru, with plans to expand to major cities in Kerala, as well as Chennai, Kolkata, Delhi, and Mumbai.

We have also established 581 micro-learning centers across 12 states, dedicated to educating dropout students. To date, we have supported over 25,800 students. The Group’s CSR initiatives aimed at uplifting marginalized communities include medical aid for the underprivileged, support for housing construction, and financial assistance for the marriages of women in need. To date, the Malabar Group has invested over Rs. 282.29 crore in various social responsibility projects, reflecting its commitment to sustainable development.

Malabar Groups continued focus on impactful initiatives such as education and hunger relief exemplifies the companys belief that sustainable growth is only possible when communities are empowered and supported in every way possible. This dedication will remain at the heart of all future endeavours as the Group continues to expand both its business and social responsibilities.

Malabar Charitable Trust (MCT) founded in the year 1999 is the CSR wing of Malabar Group of Companies. The group allocates up to 5% of its profits towards CSR and philanthropic initiatives. MCT activities have been channelised through the Malabar Gold & Diamonds (MGD) Showrooms, the flagship company of Malabar Group, across the country and also with operational support from grassroots organisations working in local communities.

World University of Design and IIT Delhi Together Host the First Functional Clothing Contest and Show

World University of Design (WUD), India’s first university dedicated to education in the creative domain, in collaboration with the Textile & Fiber Engineering Department of IIT Delhi, hosted the 4th edition of International Conference on Functional Textiles and Clothing (FTC 2025) at IIT Delhi, New Delhi. The event also featured for the first time a Functional Clothing contest and Fashion Show, where participants from various universities in India & abroad, besides students of the World University of Design, showcased their creativity, innovation ability and skills. The contest was judged by an independent jury comprising of three top fashion professionals – Payal Jain, Ruchi Tripathi and Sartaj Mehta.

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Dr. Sanjay Gupta, Vice-Chancellor of World University of Design with the jury members and the winners of functional fashion show

The 4th Functional Textile and Clothing Conference organized together with IIT Delhi was the most successful yet, with 342 walk-ins over the three most-packed days, from 45 Indian and 10 International Universities, 109 oral presentations in 15 sessions, 40 poster presentations, 3 plenary sessions with 9 keynote addresses, 27 Functional Clothing Contestants, one Fashion Show, 4 Global FTC Excellence Awardees, and a Trailblazers session with 3 first-generation FTC entrepreneurs sharing their experiences, giving unlimited networking opportunities.

12 WUD faculty presented papers, 4 chaired sessions, and WUD student teams won all the 3 prizes of the clothing contest. The first-place prize was awarded to Manya Goel, Mehek Maheswari, and Anjani for their innovative designs. The second position was claimed by Palak Kamboj, Jailakshmi, and Nishita, while Gauri Hans and Rupanshi Singh secured the third position. Global FTC Excellence Awards 2025 were presented across several categories. Yogesh Kusumgar, Chairman of Kusumgar Corporates in Mumbai, was honored with the Lifetime Achievement award. Tushar Ghosh, Distinguished Professor at Wilson College of Textiles, NCSU, USA, received the Leadership in Research award. Ashish Kansal, CEO of SMPP Industries in Delhi, was recognized for his Industry Impact, while Samrat Som, Creative Strategist and former Head of the Creative Studio at Royal Enfield, Eicher Motors Ltd., was honored as the Emerging Innovator.

Prof (Dr.) Sanjay Gupta, Co-Chair of the organizing industry and Vice Chancellor of World University of Design, said, ” The textile industry stands as a vibrant testament to human ingenuity, seamlessly weaving together scientific innovation and technical mastery while serving as a cornerstone of Indias economic strength. The governments enhanced 5F Framework-from Farm to Fibre to Factory to Fashion to Foreign-has revolutionized our approach to Make in India, particularly in the crucial factory-to-fashion transition. Whats particularly exciting is how were moving beyond pure aesthetics to embrace functionality as a core value driver across the entire supply chain. Through this remarkable collaboration with IIT Delhi, weve created not just a conference, but a dynamic ecosystem where designers and researchers can cross-pollinate ideas with industry veterans. This synergy is precisely whats needed to propel Indias textile sector into its next phase of innovation and global leadership. At WUD, were proud to facilitate these vital exchanges that will shape tomorrows textile landscape.”

Held biannually at IIT Delhi this conference brings together top scientists, researchers, designers, and professionals from the textile and apparel industries. The conference facilitates discussions on the latest scientific advancements, design innovations, cutting-edge technologies, emerging trends, challenges, and opportunities in the field of Functional Textiles and Clothing.

Inflow Technologies Announces Strategic Partnership with Ensurity to Enhance Cyber Security Solutions in India

Inflow Technologies, a leading distributor of technology products and solutions, is excited to announce a strategic partnership with Ensurity, a renowned provider of innovative cyber security technology. This collaboration appoints Inflow Technologies as Ensurity’s value-added distributor for India.

Inflow Technologies X Ensurity Strategic Partnership

This partnership will leverage Inflow Technologies’ extensive channel network and market expertise to bring Ensurity’s cutting-edge cyber security solutions to a broader audience. Businesses across India will now have access to enhanced security measures, ensuring seamless protection and empowering them to excel in today’s digital era.

At Ensurity we have been solving enterprise human identity security for a decade. AI adoption by enterprises is multi-dimensional applications, workloads, chat bots at scale. We at Ensurity are getting ready for Identity to be central to all these to mitigate against Identity vector cyber-attacks.

We are very excited to partner with Inflow Technologies to help evangelize the solutions in the market with their expertise in channel enablement- Amit Mathur, COO, Ensurity.

Rajesh Kumar, Sr. Vice President of Inflow Technologies, states – “Partnering with Ensurity allows us to offer our customers the latest in cyber security technology. This collaboration aligns with our mission to provide top-notch IT solutions that meet the evolving needs of businesses in the region.”

Founded in 2005, Inflow Technologies is a leading Value Added Distributor in the ICT distribution services industry focused on niche technologies in Networking, Cyber Security, Unified Communications and Collaboration, AIDC, Surveillance, Server & Storage related Products & Services. Headquartered in Bangalore, Inflow operates across 50+ locations in India & Rest of South Asia (RoSA), enabling resellers to design, deploy and adopt IT Infrastructure solutions to facilitate their customer needs. This initiative, supported by a strong technical team of 150+ certified resources, assists channel partners throughout their sales cycle. Inflow has an annual run-rate revenue of USD 700+ Million.

Learn More: www.inflowtechnologies.com

Apollo Heart Valve Clinic at Indraprastha Apollo Hospital (New Delhi) Combines Innovation and Expertise for Better Patient Outcomes

Indraprastha Apollo Hospitals proudly announces the launch of its Heart Valve Clinic, a dedicated facility designed to provide world-class care for heart valve disorders. This advanced clinic combines cutting-edge technology, comprehensive diagnostic tools, and the expertise of a multidisciplinary team to deliver personalized and effective treatment solutions.

The Apollo Heart Valve Clinic includes a panel of renowned specialists, including interventional cardiologists (Dr Gautam Naik, Dr Pradeep Jain, Dr S K Modi, Dr Vipul Roy, Dr N N Khanna, Dr Vanita Arora, Dr Vivek Kumar, Dr Vivek Gupta), imaging cardiologists (Dr P K Ghosh, Dr Rekha Mishra, Dr Birendra Pawar), cardiac surgeons (Dr Mukesh Goel, Dr Niranjan Hiremath, Dr Varun Bansal), consultant cardio-thoracic radiologist (Dr Nidhi Goyal) and valve clinic coordinator (Dr Neha Wadhera) – all of whom bring decades of experience in their respective disciplines. Their collaborative approach ensures that every patient receives a thorough evaluation and the most appropriate treatment plan tailored to their unique needs.

The clinic offers a range of services, including advanced imaging, minimally invasive procedures, and traditional surgical options. By leveraging innovative techniques such as Transcatheter Aortic Valve Replacement (TAVR), MitraClip, and advanced surgical methods including minimally invasive and robotic cardiac surgery, the clinic is equipped to handle even the most complex heart valve conditions with precision and care.

Dr. Gautam Naik, Senior Consultant Interventional and Structural Cardiologist, Clinical Lead – Structural Heart Intervention Program, stated, “The Apollo Heart Valve Clinic represents a significant step forward in addressing heart valve disorders. Our integrated approach, supported by state-of-the-art technology, ensures that patients receive top-tier care, improving both outcomes and quality of life. The revolutionary and unique multi-disciplinary team meeting (MDT) approach, wherein very complex valvular heart disease cases are discussed comprehensively and with a patient-centric approach, is the strength of the Apollo Heart Valve Clinic. This MDT meeting helps us address even the most complex heart valve disorders, and is a one of its kind in the region. This elevates our hospital’s heart center to a ‘center of excellence’ for treating patients with heart valve disease, comparable to other similar centers worldwide.”

Since its inception about a couple of months ago, the Heart Valve Clinic has successfully leveraged the power of the MDT approach, and so far, has had a 100% success rate in terms of clinical outcomes. This highlights the clinic’s expertise in providing exceptional care and treatment for heart valve disorders.

Indraprastha Apollo Hospitals has consistently been at the forefront of healthcare innovation, and the launch of the Heart Valve Clinic further underscores its commitment to providing excellence in cardiac care. The clinic’s patient-centric model ensures a seamless and supportive experience from diagnosis to recovery.

Notable cases

Case 1: A 66 year-old male patient with diabetes and hypertension for over 20 years sought a second opinion for coronary artery disease on the basis of a CT coronary angiogram. He had visited other reputed hospitals in the region, where he was recommended an invasive coronary angiogram. On detailed evaluation which included detailed physical examination, echocardiography and CT aortogram, it was revealed that he had severe calcific bicuspid aortic valve stenosis and a dilated ascending aorta. The very first Apollo Heart Valve MDT meeting recommended surgical aortic valve replacement (SAVR) with aortic root replacement and coronary artery bypass grafting (CABG) as the best option. This culminated in him undergoing the country’s first Resilia Konect (Edwards LifeSciences) composite tissue Bentall implantation. He is doing very well on clinical follow up.

Case 2: A 65 year old diabetic gentleman with severe obstructive sleep apnea (OSA) on CPAP (breathing machine) and high BMI (36), who had diffuse coronary artery disease, underwent TAVR with a 29 mm balloon expandable Edwards Life Sciences S3 Sapiens valve after extensive Apollo Heart Valve MDT discussion. His breathing had significantly improved soon after TAVR, and he has been doing well on follow up.

These 2 cases showcase the strength of the ‘Apollo Heart Valve Team‘, and how world class expertise and teamwork can translate in to better clinical outcomes for patients.

About Indraprastha Apollo Hospitals

Indraprastha Apollo Hospitals, Indias first JCI accredited hospital, is a joint venture between the Government of Delhi and Apollo Hospitals Enterprise Limited. Commissioned in July 1996, it is the third super-specialty tertiary care hospital set up by the Apollo Hospitals Group. Spread over 15 acres, it houses 57 specialties with more than 300 specialists and more than 700 operational beds, 19 operation theatres, 138 ICU beds, round-the-clock pharmacy, NABL accredited laboratories, 24-hour emergency services and an active air ambulance service. Apollo Hospitals Delhi has the leading programme in kidney and liver transplant in the country. The first successful paediatrics and adult liver transplants in India were performed at Indraprastha Apollo Hospitals. The hospital is at the forefront of medical technology and expertise. It provides a complete range of latest diagnostic, medical and surgical facilities for the care of its patients. The Hospital has introduced the most sophisticated imaging technology to India with the introduction of 64 slice CT and 3 Tesla MRI, Novalis Tx and the integrated PET Suite.

In a groundbreaking advancement, Indraprastha Apollo Hospitals has recently introduced the ZAP-X Gyroscopic Radiosurgery Platform, revolutionizing brain tumor treatment across South Asia. This state-of-the-art technology offers a non-invasive alternative to traditional brain surgery, promising improved patient outcomes and comfort. Backed by the experience and expertise of Radiation Oncologists and technical team, Indraprastha Apollo also brings the revolutionary RADIXACT – X9 that combines imaging and treatment delivery to precisely target a wide variety of Cancers.

Indraprastha Apollo has pioneered the concept of preventive health check programmes and has created a satisfied customer base over decades. The Hospital has been consistently ranked amongst the best 10 hospitals in India by The Week survey for the past few years.

Hospital website – www.apollohospdelhi.com | Twitter: @HospitalsApollo.

Modulus Alternatives’ India Credit Opportunities Fund II Awarded CARE AIF 1 Grading

  • CARE AIF 1 is the highest grading assigned to AIFs and denotes that the asset selection ability and asset management capabilities of the scheme is expected to be Excellent

  • India Credit Opportunities Fund II is the second performing private credit fund of Modulus Alternatives

India Credit Opportunities Fund II (ICOF II), the second performing private credit fund of Modulus Alternatives has been awarded CARE AIF 1 grading by CareEdge Analytics & Advisory, a subsidiary of CARE Ratings Ltd.

This recognition underscores the Fund’s robust investment processes, asset management capabilities, and commitment to delivering value to its investors. The grading further reinforces ICOF II as an investment opportunity for institutional and individual investors seeking risk adjusted returns and steady income generation.

A CARE AIF 1 is the highest grading assigned to AIFs by CareEdge. It reflects that the asset selection ability and asset management capabilities of the scheme is expected to be Excellent across key parameters, including the sponsor’s financial and business strength, portfolio monitoring, and risk management capabilities, amongst others.

ICOF II is a Category II AIF and is the second private credit fund of Modulus Alternatives. Currently in fund raise period, the Fund is targeting a fund size of INR 750 crore and a green shoe option of INR 500 crore. ICOF II is focussed on performing private credit opportunities in sectors with tailwinds, such as healthcare, pharmaceuticals, industrials and clean energy. With a residual tenor of ~ 4.5 years (ending in August 2029), the Fund has deployed more than INR 800 crore across six investments.

In January 2025, Modulus Alternatives successfully exited its maiden private credit fund, Centrum Credit Opportunities Fund (Fund I), which invested INR 1,790 crore across 15 investments. The Fund consistently delivered mid-teen returns, maintained stable credit quality, and provided regular income distributions with zero delinquencies, achieving a Gross IRR of 17.01%.

About Modulus Alternatives Investment Managers Limited

Modulus Alternatives is an established private credit platform currently managing it’s second private credit fund – India Credit Opportunities Fund II. Since its inception in 2018, the firm has deployed over INR 2,500 crore across 21 investments.

Modulus Alternatives is held by Centrum Group and Alok Agarwal, former CFO of Reliance Industries Limited. The Board of Modulus is chaired by Mr. Vinod Rai, former Finance Secretary and CAG of India and includes independent Director, Mr. Raman Uberoi, a senior advisor for Government & Regulatory Relations at CRISIL Limited and is a member of SEBI’s Market Data Advisory Committee.

Disclaimer

CareEdge Advisory’s AIF Grading is not a recommendation to purchase, sell, or hold a security / fund. It neither comments on the current market price, suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation, volatility of net asset value (NAV), or yield of the fund. The AIF grading does not address the fund’s ability to meet the payment obligations to the investors.

The AIF Grading is based on current information furnished to CareEdge Advisory by the fund or obtained by CareEdge Advisory from sources it considers reliable. CareEdge Advisory does not, however, guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CareEdge Advisory does not perform an audit in connection with any grading and may, on certain occasions, rely on. The grading may be changed, suspended, or withdrawn as a result of changes in, or unavailability of, such information, or based on other circumstances. Funds graded by CareEdge Advisory have paid a grading fee.

Budget 2025 A Game-Changer for India’s Economy: Sudha Reddy Lauds Finance Minister Nirmala Sitharaman

The Union Budget 2025, presented today by Finance Minister Nirmala Sitharaman, has received widespread appreciation from industry leaders, including philanthropist and business leader Sudha Reddy. She hailed the budget as a game- changer for India’s economy, emphasizing its focus on infrastructure, clean energy, industrial expansion, and MSME growth.

Mrs. Sudha Reddy, Director, MEIL – Leading with Vision, Inspiring with Action

The budget has allocated Rs. 1.5 lakh crore in loans for state governments to accelerate capital expenditure. This is expected to drive massive growth in roads, water supply, and energy projects, areas where Megha Engineering and Infrastructures Limited (MEIL) has played a significant role. The extension of the Jal Jeevan Mission until 2028 further reinforces the government’s commitment to water supply projects.

“This budget reflects a strong push toward infrastructure-led economic growth. The increased capital allocation will unlock new opportunities for industries, creating jobs and enhancing the nation’s development,” said Sudha Reddy.

A major highlight of the budget is the Nuclear Energy Mission, which aims to generate 100 GW of nuclear power by 2047, marking a significant leap in India’s clean energy transition. Additionally, the government has introduced policy support for solar, wind, and EV battery production, ensuring a stronger push for sustainable manufacturing.

“The emphasis on clean energy is a testament to India’s commitment to a greener future. Incentives for clean technology manufacturing will drive innovation, attract investments, and contribute to a sustainable economy,” Sudha Reddy stated.

With a focus on improving urban infrastructure, the finance minister announced:

  • Rs. 1 lakh crore Urban Challenge Fund to develop growth hubs in cities.

  • 120 new airports to enhance connectivity across the country.

  • Rs. 25,000 crore Maritime Development Fund to boost the port and shipping industry.

Sudha Reddy highlighted that these initiatives would accelerate urbanization, improve logistics, and enhance India’s global competitiveness.

Recognizing the role of MSMEs and start-ups in economic growth, the government has doubled the loan limits for:

  • MSMEs from Rs. 5 crore to Rs. 10 crore

  • Start-ups from Rs. 10 crore to Rs. 20 crore

These measures are set to enhance financial support and create a thriving ecosystem for innovation and entrepreneurship.

A Progressive and Growth-Oriented Budget

Sudha Reddy stated that Budget 2025 is a bold step toward a self-reliant and future- ready India.

“This budget is a well-balanced mix of economic expansion, sustainability, and industry support. With increased investments in infrastructure, clean energy, and technology-driven sectors, India is poised for long-term growth and global leadership,” she said.

The Union Budget 2025 sets a strong foundation for Indias economic transformation, positioning it as a leader in industrial innovation, sustainability, and global trade.

BSNL Launches BiTV for Mobile Users in Partnership with OTTplay

Bharat Sanchar Nigam Limited (BSNL), in collaboration with OTTplay, Indias leading streaming platform aggregator, has introduced BSNL Intertainment-an innovative Internet TV service. This service provides BSNL mobile users all over India with free access to over 450+ live TV channels, including premium channels.

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L to R: CGM BSNL Maharashtra – Mr. Harinder Kumar, Ishwak Singh – Actor, Robert J Ravi I T S – CMD BSNL, Avinash Mudaliar – Co-founder & CEO, OTTPlay

Following the launch of pilot in Pondicherry, BiTV is now being launched pan India as part of BSNLs vision to bring world-class entertainment to its users. With BSNL Intertainment, BSNL customers can access OTTs like Bhaktiflix, Shortfundly, Kanccha Lannka, STAGE, OM TV, Playflix, Fancode, Distro, Hubhopper and Runn Tv along with 450+ live TV channels, blockbuster movies, and web series.

Speaking at the launch event, BSNL CMD Robert J Ravi I T S, stated, “With BiTV, through our partners, BSNL is giving every customer the power to access entertainment on the go, ‘anytime, anywhere’, free of cost, irrespective of the plan they are on. BiTV is a testament to BSNL’s commitment to digital inclusion and BSNL will be one of the first telecom service provider to revolutionize through this groundbreaking service.”

Echoing this vision, Avinash Mudaliar, Co-founder & CEO of OTTplay, shared, “We are incredibly excited to announce our partnership with BSNL for the launch of BiTV. Through this partnership, BSNL users will gain exclusive access to an extensive library of premium content, offering a truly elevated viewing experience. Whether its movies, TV shows, or exclusive content, were committed to delivering world-class entertainment. Together with BSNL, we aim to set a new standard for entertainment services in the region, ensuring that users can enjoy high-quality, on-demand content anytime, anywhere.”

Why Choose BSNL Intertainment

  • Unlimited Entertainment – Apart from live TV, enjoy movies, web series, and documentaries in multiple languages, all at no cost.

  • Seamless Streaming – Powered by BSNL’s secure mobile internet, BiTV ensures uninterrupted streaming with exceptional video quality.

  • Ultimate Combo – BSNL users now enjoy high-speed internet plus a complete entertainment package.

How it works for BSNL Mobile users

  • Login to FMS portal – www.fms.bsnl.in/iptvreg

  • Select your state, select BiTV provider (OTTplay).

  • Enter your Registered Mobile No. (RMN) and submit the OTP received on RMN to activate your service.

  • Download OTTplay app from the link received in your SMS or directly from Google playstore or App Store

  • Login using your registered mobile number and enjoy endless entertainment.

Through this partnership, BSNL and OTTplay are driving digital inclusion by making quality entertainment accessible to all, irrespective of location or financial constraints. By combining BSNL’s extensive telecom network with OTTplay’s vast content library, this initiative aims to bridge the digital divide and revolutionize entertainment consumption in India.

About OTTplay
OTTplay is India’s OTT super app and a pioneering OTT aggregator that uses AI-based recommendations to revolutionize content discovery and consumption. With the introduction of OTTplay Premium, the platform now offers a curated selection of content from 40 premier OTT platforms which are personalized based on each user’s unique preferences.

GI Outsourcing’s Managing Director, Vikas Chadha, Honored with the ‘Glory of India’ Award 2024-25

GI Outsourcing proudly announces that our Managing Director, Mr. Vikas Chadha, has been awarded the prestigious Glory of IndiaAward 2024-25 by the Indian Achievers Forum. This recognition celebrates his outstanding professional achievements and significant contributions to nation-building.

Mr Vikas Chadha – MD GI outsourcing winsGlory of India Award 24-25

Under Mr. Chadha’s visionary leadership, GI Outsourcing has experienced transformative growth, achieving an impressive 200% increase in organizational performance over the last three years. The company has expanded its service portfolio to address evolving client needs and significantly broadened its geographical presence, establishing a strong foothold not only in India but also in South Africa. These strategic advancements have created numerous opportunities and jobs for talented accountants, empowering them to deliver best-in-class services on a global scale.

Mr. Chadha’s commitment to innovation and excellence has been instrumental in advancing the fields of automation and training, ensuring GI Outsourcing’s talent pool remains competitive and future-ready. By fostering a culture of continuous learning, GI Outsourcing has equipped its team to meet the dynamic demands of the global Knowledge Process Outsourcing (KPO) and Global Capability Center (GCC) industries.

Beyond business excellence, GI Outsourcing has upheld its responsibility to society under Mr. Chadha’s stewardship. Through impactful Corporate Social Responsibility (CSR) initiatives, the company has extended its support to marginalized communities by aiding street children, blind schools, orphanages, and old age homes. These efforts reflect the organization’s deep commitment to making a meaningful difference in the lives of those in need.

Mr. Chadha is not just a leader but a thought pioneer, advocating for the growth and recognition of the KPO and GCC sectors. As an active contributor to industry forums such as Assocham and as a member of the Regional Council at Nasscom, he has played a pivotal role in shaping the industry’s future.

Expressing gratitude for this honor, Mr. Chadha remarked, “This award is a testament to the collective effort of the entire GI Outsourcing team, whose dedication and passion drive our success. I am deeply humbled by this recognition and remain committed to advancing our mission of delivering excellence, creating opportunities, and contributing to society.”

As GI Outsourcing continues its journey of growth and innovation, the recognition of Mr. Vikas Chadha’s leadership reinforces the company’s position as a trailblazer in the global outsourcing industry.

GI Outsourcing has entered strategic partnerships with renowned accounting institutes such as the Institute of Chartered Accountants of India. It already holds gold partnerships with ACCA, UK, and the Chartered Institute of Management accountants and CPAs. GI Outsourcing is renowned for its best employee practices, ensuring a positive work environment, the highest levels of customer satisfaction, and a strong commitment to training and skill development for its employees.

GI Outsourcing has been recognized as the “Dream Company to Work For” by Times of India publications for three consecutive years and Mr. Vikas Chadha personally received the prestigious “Udyog Bharti Award.” Vikas Chadha expressed his confidence that these strategic endeavors will solidify GI Outsourcings position as a preferred employer and continue to drive the companys success in the UK Accounting Knowledge Process Outsourcing industry.

About GI Outsourcing

Based in the UK, GI is an outstanding outsourcing solution for accountants and business owners. Drawing from a wide range of industry experts and accounting specialists to fill in the gaps and help businesses transform unprofitable clients into profitable ones. With over 25 years of experience, they are one of the most trusted leading financial services & and accountancy firms to deliver the highest quality of work, on time, every time. They provide all aspects of financial services including Management Accounting, Bookkeeping, taxation, cloud computing, virtual CFO, and controllerships. GI has a presence in India, South Africa, and the UK with offices in Mumbai, Delhi, Ahmedabad, Johannesburg, and London and a pool of nearly 400 plus finance and accounting professionals working diligently to provide impeccable service to valued customers across the UK, Ireland, USA, UAE, and Canada and planning to further expand into Australia working diligently to provide impeccable service to valuable customers. GI Outsourcing today works with all the major cloud accounting software suppliers, including Xero, Sage, QuickBooks, CCH, CaseWare, and Iris as well as many of the large ERP systems, such as Dynamics, SAP, and Oracle.

For more information, please visit us at: (www.gioutsourcing.com)