Author: News Desk
A viral loan approval letter claiming to offer ₹50,000 under the Pradhan Mantri Mudra Yojana (PMMY) in exchange for ₹2,750 as documentation charges has been flagged as fake. What’s the Claim? The letter looks official and claims to offer a Mudra loan of ₹50,000 , but only if the applicant pays ₹2,750 for documentation or processing fees. Many people have reported receiving similar letters or messages online and offline. Fact-Check Findings Channeliam Fact Check has confirmed that the letter is completely false. Here’s what the official clarification says: Where to Apply Safely To apply for a real Mudra loan, you should: You should never pay upfront…
India’s shift to electric vehicles (EVs) is picking up speed—but in different ways across states. A recent report by BNP Paribas shows Kerala and Delhi as standout performers in two different EV categories. In March 2025, Kerala recorded the highest electric car penetration in India at 9.1%, way above the national average of 2.9%. The state’s rising EV numbers are driven by several factors: people in Kerala have higher disposable incomes, a strong preference for premium products, and live mostly in individual homes—making EV charging at home easier. Power costs are also lower than in big cities like Mumbai. These…
Matcha is a powdered green tea made from specially grown and processed tea leaves. Unlike regular green tea, matcha involves consuming the entire leaf, offering higher nutritional value. It originated in Japan but is now gaining popularity worldwide, including in India. Rising Popularity in India Matcha has moved from niche health circles to Indian cafés and homes. Its recent appearance on Shark Tank India and the growing number of local brands embracing it reflect rising demand. The Indian matcha market is expected to grow steadily, with projections suggesting it could reach $167 million by 2030. What Makes It Special? Matcha…
YatriKart, a startup building a tech-powered convenience retail network for transit locations, has raised fresh funds from MMG Group, the Indian partner of McDonald’s and Coca-Cola, at a valuation of ₹100 crore. Existing investors—Artha Venture Fund, Fox Software Ventures, She Capital, and Shuru Up—also participated in the round. Founded by Gaurav Rana and Shivangee Sharma, YatriKart operates smart kiosks and stores at busy transit points like metro stations, airports, and highways, helping small retailers grow with better margins and tech support. The startup also allows travellers to order essentials through its app and pick them up on the go. With the new…
FOLO (Family of Loved Ones) is a new Indian startup transforming how individuals and families organize their finances. As India’s first real-time NetWorth tracking app, FOLO offers a comprehensive, user-friendly platform to manage and monitor all financial assets and liabilities in one place. Organize Everything in One App FOLO helps users get a complete snapshot of their finances by consolidating data from 70+ financial sources. These include bank accounts, investments, property, insurance, loans, and credit card dues. The app securely pulls this information with the user’s consent, ensuring accuracy while maintaining privacy. Designed for Families The platform is not just…
The future of the Pataudi Trophy, awarded to the winner of the Test series between India and England, is now in question. According to recent reports, the Board of Control for Cricket in India (BCCI) and the England and Wales Cricket Board (ECB) are discussing the possibility of retiring the historic trophy. While no official confirmation has been made, the news has stirred strong emotions, particularly among those closely tied to the Pataudi legacy. A Legacy That Spans Generations Introduced in 2007, the Pataudi Trophy marked 75 years since India played its first Test match against England in 1932. Named…
Savitri Jindal, the chairperson of the OP Jindal Group, has been named India’s richest woman in the Forbes Billionaire List 2025. With a net worth of $35.5 billion, she is also the third richest person in India, behind Mukesh Ambani and Gautam Adani. Beyond her business empire, she is a prominent political figure, serving as an MLA in Haryana. Continuing the Jindal Legacy Born into a business family, Savitri Jindal took over the OP Jindal Group after the tragic death of her husband, Om Prakash Jindal, in 2005. Despite challenges, she successfully expanded the company, which operates in steel, power, cement, and infrastructure. Under her leadership, the group has continued to…
In a world where food transparency is becoming increasingly important, iD Fresh Food has taken a significant step forward. To reinforce its commitment to fresh, natural, and preservative-free food, the company has unveiled limited-edition packaging as part of its TransparenSee campaign. This special packaging, available for two weeks, is designed with a clean, minimalist aesthetic that puts key messages at the forefront—No Soda, No Preservatives, and Untouched by Hand. With this, iD Fresh ensures that consumers can easily identify and trust the quality of their products. Bringing Consumers Inside the Factory iD Fresh Food has always believed in complete transparency…
M.A. Yusuff Ali, Chairman and Managing Director of the LuLu Group International, has emerged as the wealthiest Malayali in the world, according to Forbes’ 2025 list of global billionaires. With a net worth of $5.5 billion (approximately ₹47,000 crore), Yusuff Ali ranks 32nd among Indian billionaires and 639th globally. A Journey from Kerala to Global Retail Leadership Born in a small village in Kerala, Yusuff Ali moved to Abu Dhabi in 1973 to assist in his uncle’s trading business. What started as a modest venture gradually expanded into one of the largest retail empires in the Gulf region. Today, LuLu…
MilkLane, the dairy and cattle feed division of agritech firm Innoterra, has signed a three-year agreement to supply 100,000 litres of premium milk daily to Milky Mist, a leading dairy brand in South India. The deal is valued at over Rs 400 crore. This partnership aims to support over 10,000 farmers by ensuring fair pricing and access to high-nutrition cattle feed. Milky Mist is also preparing for a Rs 2,000 crore IPO, with a valuation of Rs 20,000 crore, according to its founder, T Sathish Kumar. MilkLane will leverage its farmer network and quality control systems, while Milky Mist will…