Category Archives: business

Mumbai Bank Launches 0% Interest Loans For Women Recipients Of Ladki Bahin Scheme; BJP Leader Pravin Darekar Supports Initiative

**Mumbai Bank Launches Zero-Interest Loans to Support Women Under Ladki Bahin Scheme**

Mumbai: As the Ladki Bahin scheme experiences a slight decline, Mumbai Bank has introduced a new initiative aimed at supporting women beneficiaries of the program. Under the vision of BJP leader Pravin Darekar, the bank is offering zero percent interest loans to women recipients of the Chief Minister’s Ladki Bahin Yojana, which was launched on September 4.

The rollout event took place at Mumbai Bank’s head office auditorium in Fort and was attended by the bank’s chairman and MLA Pravin Darekar. During the press conference, Darekar shared, “Chief Minister Devendra Fadnavis personally addressed the sisters present at the program where loans were provided at zero percent interest from Mumbai Bank. The Maharashtra government launched the Ladki Bahin Yojana to provide ₹1,500 per month to women in order to improve their financial condition and ensure their overall development.”

He further explained, “The women can use the monthly amount to invest in their businesses. This idea aligns with the vision of Honorable Chief Minister Devendra Fadnavis Saheb. I requested the Chief Minister to allow me to provide 1 lakh interest-free loans to these beloved sisters.”

### Key Details of the Loan Program

Under this initiative, Mumbai Bank will offer loans up to ₹1 lakh to Ladki Bahin beneficiaries at zero percent interest. According to a report by *Saamana*, approximately 5,000 women are expected to benefit from this program. At the launch event, loans were disbursed to the first 200 beneficiaries.

The event was also attended by Mumbai Bank Vice President Siddharth Kamble, along with other dignitaries including Shivajirao Nalawade, Prasad Lad, Nandkumar Katkar, Shilpa Sarpotdar, Tejaswini Ghosalkar, Kavita Deshmukh, and Sandeep Ghandat.

### Introduction of QR Code Service

In addition to the loan scheme, the bank also introduced a QR code service rollout at the same event, aimed at facilitating easier and more secure transactions for beneficiaries.

### Recent Updates on the Ladki Bahin Scheme

The Maharashtra government encountered controversy and audits in 2025 over irregularities in the scheme’s benefit disbursements. Minister Aditi Tatkare revealed in August that around 26 lakh women might be ineligible for the benefits.

In response, a physical verification drive was launched to confirm eligibility based on criteria such as age, income, and household status. The government temporarily paused payments in July 2025 to complete this verification process, with plans to resume payouts to eligible women subsequently.

An audit uncovered fraudulent enrollments, including over 14,000 men listed as beneficiaries, resulting in ₹21 crore being wrongly disbursed. Opposition leaders have demanded a CBI investigation into alleged scams worth ₹4,800 crore linked to the scheme.

Despite these challenges, the government disbursed the July installment of ₹1,500 on August 8 to the verified eligible beneficiaries.

Mumbai Bank’s new zero-interest loan program aims to revitalize support for women under the Ladki Bahin scheme, promoting financial empowerment and encouraging entrepreneurship among Maharashtra’s women.
https://www.freepressjournal.in/mumbai/mumbai-bank-launches-0-interest-loans-for-women-recipients-of-ladki-bahin-scheme-bjp-leader-pravin-darekar-supports-initiative

Most B-school faculty in India lack AI expertise: Survey

**Most B-school Faculty in India Lack AI Expertise: Survey**

*By Dwaipayan Roy | Sep 28, 2025, 04:49 PM*

A recent survey conducted by MBAUniverse.com has revealed that while Indian business schools are rapidly adopting artificial intelligence (AI) technology, the majority of faculty members still lack the necessary expertise to effectively utilize these tools.

The study surveyed 235 educators from prestigious institutions such as IIMs, IITs, ISB, XLRI, and SPJIMR. It found that only 7% of these educators consider themselves expert users of AI tools.

### Growing Acceptance of AI in Academia

Despite the low level of expertise, the survey highlighted a positive shift in attitudes towards AI. About 51% of faculty members expressed confidence in the positive impact of AI adoption on business school students. More than half anticipate an increased role for AI in teaching, curriculum design, and research over the next year. This shows a growing acceptance and readiness for deeper integration of AI into academic processes.

### Application Areas: Transformative Potential of AI in Management Education

According to the survey, faculty are primarily using AI for research and teaching purposes. However, AI’s role in curriculum development is also steadily increasing. Administrative tasks and student assessment are emerging areas for AI application, indicating opportunities for structured support and capacity-building programs.

This highlights AI’s potential to transform multiple aspects of management education beyond just classroom teaching.

### Faculty Perceptions and Tool Preferences

The survey also explored faculty perceptions regarding AI’s impact on student learning, skill development, and classroom engagement. It assessed the tools, training, and policy guidance educators consider most important for responsible AI adoption.

Notably, ChatGPT emerged as the most relevant AI tool for teaching-related activities among faculty members.

### Challenges and Concerns in AI Adoption

While many faculty members viewed AI’s impact on student learning positively, 21% felt it was too early to determine its effects. Meanwhile, 18% perceived an unfavorable impact, and nearly 10% reported no significant changes.

The main challenges cited in using generative AI for research included ethical concerns, followed by issues related to inaccuracies, unreliable outputs, and a lack of regulatory policies.

The survey underscores the urgent need for capacity building and policy frameworks to equip business school faculty with the skills and guidelines necessary to harness AI’s full potential responsibly and effectively.
https://www.newsbytesapp.com/news/science/ai-adoption-among-indian-b-school-faculty-what-we-know/story

WeWork India to launch ₹3,000cr IPO on October 3

**WeWork India to Launch ₹3,000 Crore IPO on October 3**

*By Dwaipayan Roy | September 28, 2025, 03:12 PM*

WeWork India, a leading player in the co-working space, is all set to launch its initial public offering (IPO) on October 3, 2025. The IPO is estimated to be worth around ₹3,000 crore. According to the red herring prospectus (RHP), bidding for anchor investors will open on October 1 for one day, and the IPO will close on October 7.

### Share Details and Offer for Sale (OFS)

The upcoming IPO from WeWork India is structured as an Offer for Sale (OFS) of up to 4.63 crore equity shares. The shares will be sold by Embassy Buildcon LLP, a promoter group firm, and Ariel Way Tenant Ltd, a subsidiary of WeWork Global. Since this is an OFS, WeWork India itself will not receive any proceeds from the listing.

### About WeWork India

Established in 2017, WeWork India operates under an exclusive license of the global ‘WeWork’ brand. The company is promoted by the Bengaluru-based real estate giant Embassy Group, which currently holds about 76.21% stake in WeWork India. WeWork Global owns the remaining 23.45%.

WeWork India operates across major Tier-1 cities, including Bengaluru, Mumbai, Pune, and Hyderabad, among others.

### Business Scale and Operations

WeWork India manages an extensive portfolio of over 77 lakh sq ft of commercial space, with 70 lakh sq ft currently operational. The company offers a desk capacity of more than 1.03 lakh and employs over 500 people nationwide.

In January 2024, WeWork India raised ₹500 crore through a rights issue aimed primarily at reducing debt and supporting its growth plans.

### Market Entry and IPO Goals

The company’s plan to list its equity shares on the stock exchanges in early October is intended to enhance its market visibility, provide liquidity to existing shareholders, and establish a public market for its shares in India.

With the IPO opening on October 3 and closing on October 7, WeWork India is expected to make its stock market debut by October 10.

Stay tuned for more updates on WeWork India’s IPO and its journey in the listed space.
https://www.newsbytesapp.com/news/business/everything-we-know-about-wework-india-s-ipo/story

1,869% rally in 5 years! Do you own this stock?

**1,869% Rally in 5 Years! Do You Own This Stock?**
*By Dwaipayan Roy | Sep 28, 2025, 04:49 PM*

**What’s the Story?**
Cupid Limited has delivered stellar returns of over 244% in just six months and an astounding 1,869% over five years. This remarkable performance is expected to draw heightened interest in the upcoming Monday trading session.

Aditya Kumar Halwasiya, the company’s Chairman and Managing Director, recently announced that Q2 FY26 is set to be the best quarter in Cupid’s history. This optimistic outlook is driven by new product launches, accelerating momentum in the FMCG vertical, and a strong pipeline of institutional orders.

**Financial Growth**
Cupid Limited reported a total income of ₹203.18 crore during the financial year, with a net profit of ₹40.89 crore. The company has witnessed rapid growth in its B2C FMCG segment, generating over ₹50 crore in revenue within just one year. This success is attributed to a vast distribution network spanning 1.2 lakh retail outlets across India, enabling robust consumer connections and expanding market presence.

**Strategic Shift**
Halwasiya’s Vision for Cupid’s Future
Halwasiya emphasized Cupid’s transformation from a contraceptive company to a consumer wellness and health-tech leader. He highlighted the company’s focus on sustainable growth, global expansion, and innovation—all while ensuring that personal care and preventive healthcare remain accessible to everyone.

This strategic shift, coupled with solid financials and expanding market reach, positions Cupid Limited as a compelling stock to watch closely in the coming quarters.
https://www.newsbytesapp.com/news/business/cupid-limited-to-report-best-ever-quarter-stock-up-244/story

Greggs has expanded far too fast, claim critics

Greggs is a staple of the High Street, serving up a diet of affordable pastries, sandwiches, and sweet treats. However, a series of profit warnings has knocked the stuffing out of the bakery chain’s share price, which has halved in the past year, leaving investors queasy ahead of this week’s trading update.

The latest alarm was sounded in the summer when chief executive Roisin Currie blamed the hot weather for stifling customers’ appetite for steak bakes and sausage rolls, both vegan and meat varieties.

Despite the setbacks, Greggs is pushing ahead with ambitious expansion plans. Up to 150 new stores are set to have opened by the end of this year as part of a wider drive to hit a total of 3,000 outlets. Greggs has also been extending opening hours across its stores and has rolled out more evening meals, including pizzas, chicken goujons, and hot baguettes.

In a new venture, Greggs opened its first pub yesterday in the Fenwick department store in Newcastle upon Tyne, serving local beers alongside 15 Greggs-inspired dishes.

“Questions as to whether Greggs has expanded too far, too fast and made its menu too complicated have added to wider worries over the state of the UK economy,” said Russ Mould, investment director at stockbroker AJ Bell.

The high street baker was a clear winner during the cost-of-living crisis, overtaking McDonald’s as Britain’s most popular breakfast venue. However, like other retailers, it has been hit by rising costs, especially from the employer National Insurance increase in last year’s Budget.

“The broader consumer spending environment remains fragile,” said Aarin Chiekrie, equity analyst at the investment platform Hargreaves Lansdown. “While Greggs has relied on price increases to support like-for-like sales growth, the company must be careful not to stretch customer tolerance too far,” he added.
https://www.thisismoney.co.uk/money/markets/article-15139501/Greggs-expanded-far-fast-claim-critics.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Jenna Bush Hager reveals what caused ‘big fights’ between her and dad George: ‘I’d cry myself to sleep’

Jenna Bush Hager opened up about a major cause of tension with her dad, former president George W. Bush, during her younger years.

“There was a period of time when I made bad grades,” the TV host revealed during Friday’s episode of *Today With Jenna & Friends*. When guest co-host Sheinelle Jones appeared skeptical, Hager doubled down, saying, “They were bad.”

Jones then asked the mother of three how her parents, George and Laura Bush, would handle it.

“My dad would sit with me at that kitchen table and try to teach me math, and we’d get in big fights and I’d cry myself to sleep,” Hager, now 43, laughed.

Jones called the confession relatable, adding that she thinks it’s typical of kitchen tables all over the country at night.

Hager did not elaborate on exactly when the kitchen table meltdowns occurred, but she and her fraternal twin sister, Barbara, were 19 when their father’s first term as president began in 2001.

Hager married her husband, Henry, in 2008, and they have since welcomed three children: Mila, 12, Poppy, 10, and Hal, 6.

Despite the past arguments, Hager’s relationship with her father, now 79, remains strong.

In September 2024, she admitted that she called the former president in tears over the news that her former co-host Hoda Kotb would be leaving the show after 26 years with NBC.

“I don’t know if you’re embarrassed to say this or not, but I think that we should [talk about how] you called your dad,” Kotb recalled at the time, referencing Hager landing the co-hosting job in 2019. “And I remember when you first started working together with me, you were afraid, so she called her dad.”

Hager jumped in, recalling that George was happy for her but jokingly reminded her that NBC veteran Kotb was the star.

“Then I called him last night,” Hager divulged. “At first, he thought something really awful [happened], like I lost a loved one, because of how emotional I was.”

Hager continued, recalling how her father comforted and encouraged her.

“And then, he said, ‘Oh, she’s leaving, because it’s time, and you’re going to be fine. It’s your turn. It’s OK.’”
https://pagesix.com/2025/09/27/celebrity-news/jenna-bush-hager-reveals-what-caused-big-fights-between-her-and-dad-george/

Meet Lisa Monaco, Microsoft executive Trump wants to see fired

**Meet Lisa Monaco, Microsoft Executive Trump Wants Fired**

*By Dwaipayan Roy | Sep 27, 2025, 11:36 AM*

**What’s the Story?**

US President Donald Trump has called on Microsoft to fire its head of global affairs, Lisa Monaco. Trump accused Monaco of being a “menace” to national security and linked his demand to ongoing legal cases against him.

Lisa Monaco was appointed as Microsoft’s head of global affairs in June 2025. Prior to this role, she served prominently in the Barack Obama and Joe Biden administrations.

**Accusations: ‘Corrupt and Totally Trump Deranged’**

In a post on Truth Social, Trump described Monaco as “corrupt and totally Trump deranged.” He argued that her previous government roles posed national security risks due to Microsoft’s extensive contracts with US government agencies.

Furthermore, Trump alleged that Monaco’s past actions led to the US government stripping her of all security clearances and access to national security intelligence.

**Background: A Look at Lisa Monaco**

Lisa Monaco has a notable career in public service. She served as Deputy Attorney General under President Biden and was a national security advisor during the Obama administration. She also played a key role in coordinating the Justice Department’s response to the January 6 Capitol attack.

Trump’s demand for her dismissal is consistent with his history of targeting perceived political opponents since returning to office in January 2025. His previous pressure campaigns include demanding the resignation of Intel’s CEO and influencing Disney’s ABC regarding Jimmy Kimmel’s show.

**Ongoing Scrutiny: Microsoft’s Contracts Under Review**

Lisa Monaco’s LinkedIn profile confirms her current position at Microsoft. However, as of now, there is no public indication that Microsoft will respond to Trump’s demand for her removal.

Microsoft itself is under intense scrutiny due to its contracts with US government agencies. The company recently made headlines for restricting certain cloud services to a unit of the Israeli military following concerns about alleged surveillance practices.

Meanwhile, Microsoft CEO Satya Nadella recently attended a White House dinner featuring Trump and other leading figures in the tech industry, highlighting the complex relationship between tech companies and government officials.

*Stay tuned for further updates on this developing story.*
https://www.newsbytesapp.com/news/world/trump-demands-microsoft-fire-global-affairs-head/story

Apple is using ChatGPT-like app to test new Siri features

**Apple is Using ChatGPT-like App to Test New Siri Features**

*By Akash Pandey | Sep 27, 2025, 01:21 PM*

Apple is reportedly testing a ChatGPT-style app, internally known as “Veritas,” as part of its ambitious plan to revamp Siri, according to Bloomberg. The tech giant aims to enhance its voice assistant’s capabilities to handle more complex tasks and provide a more intuitive user experience.

### Internal Testing with Veritas

The Veritas app—named after the Latin word for “truth”—is being developed by Apple’s AI division to experiment with new Siri features. Among its capabilities, Veritas can search through personal data such as songs and emails, as well as perform in-app actions like editing photos.

Much like other popular AI chatbots, Veritas allows users to manage multiple conversations simultaneously, reference previous chats, and engage in extended back-and-forth exchanges. This multi-turn conversational ability marks a significant upgrade from current voice assistant functionalities.

### Introducing the New ‘Linwood’ System

In addition to testing new features, Veritas is also being used to evaluate a new underlying system called “Linwood.” This innovative system combines Apple’s in-house large language models with third-party AI models to create a more powerful and responsive assistant.

Currently, Apple does not plan to release the Veritas app publicly. However, its development highlights the company’s serious commitment to advancing artificial intelligence technologies.

### Delayed Launch for New Siri

Apple initially aimed to launch the revamped Siri in spring 2025. However, technical challenges have delayed the release. Some features reportedly experienced failure rates of up to one-third during internal testing.

The updated Siri is now expected to debut as early as March 2026. Once released, it is anticipated to perform tasks beyond the current assistant’s scope, such as interacting with on-screen content and facilitating smoother navigation across Apple devices.

### Leadership Changes Amid AI Overhaul

Apple’s AI division has seen significant leadership shifts amid this overhaul. John Giannandrea, who previously led the company’s AI efforts, was sidelined earlier this year. Additionally, Robby Walker—former head of Siri—is set to leave Apple in October.

Walker’s newly formed AKI (Answers, Knowledge, and Information) team is now spearheading the effort to integrate AI-driven search into the next-generation Siri, signaling a fresh direction for Apple’s voice assistant strategy.

Apple’s continued investment in AI and voice assistant technology reflects CEO Tim Cook’s push for the company to excel in this rapidly evolving field. With innovations like Veritas and Linwood, Apple hopes to redefine how users interact with their devices in the near future.
https://www.newsbytesapp.com/news/science/apple-using-chatgpt-style-app-to-test-next-gen-siri/story

Farewell Amazon Fresh: the no tills thing was all a bit too awkward | Jason Okundaye

Amazon Fresh, the till-free grocery shop that uses just walk-out technology, is closing all 19 of its stores in London, just under five years after opening its first outlet. If that sounds weird and disorienting, then I can assure you, having visited an outlet out of pure curiosity and having left distressed, it truly is.

Among the reasons given for the venture’s failure—ranging from location choices to struggling to differentiate itself in the market—one financial analyst suggested that till-less technology always felt a little awkward. When I visited, I wasn’t totally clear on how to get in or, frankly, how to get out.

A sense of panic overwhelmed me as I wondered if the sensors would process me changing my mind about an item and putting it back on the shelf, or charge me for it. Would I be prosecuted if, say, a large box of cereal blocked the sight of a tin of sardines and thus escaped the sensors? Of course, every store has CCTV equipment, but the idea that sensors and cameras could be connected to my phone and track every item I touched felt like big tech overreach—surveillance on steroids.

The fact that you could just walk out of a shop without pressing pay seemed strangely incongruous with the direction of other grocery stores. Around two years ago, the big Sainsbury’s down the road installed scan-receipt-to-exit barriers, a technology I first saw in Paris and has since been rolled out to many other big supermarkets. It is truly a nightmare.

Not only does it feel like you’re going through an airport when you’re just picking up a meal deal, but the scanner is repeatedly faulty, often resulting in a pile-up of people trying to exit. Then, there is the failure of self-scan checkouts. These tills were meant to save time, but that possibility immediately collapses once there’s an unidentified item in the bagging area or the overwhelmed shop assistant has to approve someone’s age.

You might then think the idea of a till-free checkout would be a relief. But if anything, when you’re made to feel so distrusted and burdened by inconvenience, it feels far more like a setup. No till? Surely someone is waiting on the other side ready to bundle me into a police van over an unscanned pot of pesto pasta.

Mostly though, the failure of Amazon Fresh reveals that we are simply not ready for technology like this. It is the kind of futuristic development that you might have imagined would totally change the face of high street shopping, but shoppers have roundly rejected it. Like our reluctance to take up self-driving cars, it’s about a lack of trust in being totally at the whim of technology.

Some stores have been able to win over the public. The Japanese casual wear brand Uniqlo’s self-checkout technology is pretty frictionless and genuinely loved. But even then, as a frequent Uniqlo shopper, while the convenience is nice, it makes me feel strangely isolated.

We need, and maybe even like, other people. Whether it’s grocery or clothes shopping, having a little chat or a flirt with a store assistant makes the experience. Recently, after a frustrating and failed attempt to find a suit for a wedding, I soothed myself by spending far too much money on a lovely knitted jumper at Drakes on Savile Row. The shop assistant told me I looked good in it and, seeing how flustered I was, offered me an espresso. For that alone, I’ll be back to blow more of my money.

Of course, I don’t expect that treatment on the high street or in a grocery store, but I do find myself missing the small comments of “I love these crisps, my favourite” at a supermarket till. And queueing, though I’ll rue saying this during the post-work rush, is not all bad. One of my favourite things to do in a supermarket queue is peer into other shoppers’ baskets to make a guess about what kind of evening they’re having or what kind of life they live.

If you can simply walk out, you might save some time, but you’ll learn less about the people around you—while a computer gets to know it all.
https://www.theguardian.com/commentisfree/2025/sep/27/amazon-fresh-store-closing-technology-shopping

Mumbai Crime News: Police Book Investment Firm’s CFO For Allegedly Embezzling ₹1.18 Crore

Mumbai: The MIDC police have booked the chief financial officer of Marcellus Investment Managers Pvt Ltd for allegedly embezzling Rs 1.18 crore. Pankaj Gupta, 48, is accused of siphoning off the amount using the company’s HDFC Bank credit card and current account ATM card.

### About the Case

According to the FIR, Marcellus Investment Managers is an investment firm located in MIDC, Andheri East, employing around 100 staff members. Gupta, a resident of Kandivali East, had been serving as the CFO since 2022 and was responsible for handling all financial matters.

The suspicious transactions were noticed between December 2024 and July this year. Upon inquiry by the company, Gupta allegedly confessed to transferring funds to his personal accounts in Kotak Bank, Axis Bank, and HDFC Bank.

The firm requested him to provide a written admission on stamp paper. Following this, Gupta allegedly threatened to harm himself as disciplinary action was underway against him.

On behalf of the company, Parilmal Deuskar, 47, a legal consultant, filed a complaint at the MIDC police station, leading to the registration of the case.

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https://www.freepressjournal.in/mumbai/mumbai-crime-news-police-book-investment-firms-cfo-for-allegedly-embezzling-118-crore