Latest news with #AnilGupta
Economic Times
a day ago
- Politics
- Economic Times
RSS to organise Hindu Conferences nationwide to mark centenary year
The RSS will complete 100 years of its establishment on Vijayadashami this year. To mark this milestone, celebrations will begin on August 26 with a lecture series by RSS Sarsanghchalak Mohan Bhagwat, which will take place in Delhi, Mumbai, Bengaluru, and Kolkata. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Rashtriya Swayamsevak Sangh (RSS) has announced plans to organise Hindu conferences and public outreach programs across the country as part of its centenary year RSS will complete 100 years of its establishment on Vijayadashami this year. To mark this milestone, celebrations will begin on August 26 with a lecture series by RSS Sarsanghchalak Mohan Bhagwat, which will take place in Delhi, Mumbai, Bengaluru, and its centenary year, the RSS has set a goal to reach every block in every state across the country. The organisation considers its local branches (shakhas) its greatest strength and aims to increase the number of shakhas to over one lakh this information was shared by Anil Gupta, Delhi Prant Karyavah, Delhi RSS, during the Dev Rishi Narad Journalism Awards ceremony. He stated that the centenary year celebrations would be inaugurated on August 26 with a three-day lecture series by Mohan Bhagwat in the four major metros. Alongside this, nationwide outreach campaigns will also be the end of the year, the RSS plans to organise 1,500 to 1,600 Hindu conferences across India. The organisation was founded on Vijayadashami, which falls on October 2 this year, marking its 100th on Thursday, RSS Sarsanghchalak Mohan Bhagwat, speaking at the launch of the biography of late Ayurveda Practitioner and RSS leader Dada Khadiwale in Pune, emphasised that the core principle of RSS is "belongingness.""If the RSS were to be described in one word, it would be 'belongingness'," Bhagwat said, adding that this feeling must grow stronger in society."If the Rashtriya Swayamsevak Sangh (RSS) were to be described in just one word, that word would be 'belongingness'. What does the Sangh do? It organises Hindus. And this growing sense of belongingness should be further strengthened because the entire world is sustained by it," he said that real unity comes from recognising the common thread that connects everyone. Humans, unlike animals, have the ability to rise above selfishness, he explained. "The one who understands this belongingness is truly human," he said.
Time of India
12-06-2025
- Time of India
Jeweller gets security after extortion threats, attack outside residence
Kanpur: A jeweller in Govind Nagar police jurisdiction was provided security by deploying two constables at his residence after he filed a complaint of receiving extortion calls. Earlier, he was also attacked by two assailants on Sunday. Anil Gupta, former president of the Bilhaur Trade Association, and resident of Govindnagar area operates his shop in Bilhaur, visiting his establishment on Sundays, Tuesdays, and Fridays. On Sunday night, while returning home after closing his shop, he received a call from an unidentified number but couldn't respond. Later, around 9:30pm two unidentified motorcycle-borne assailants opened fire on him outside his house, however the trader escaped unhurt. The assailants fled after the attack. He later received an extortion call for Rs 50 lakh. The criminals called on the following day also after which the trader approached the police. A complaint as filed on Monday and investigation was initiated. ACP Babupurwa Dilip Kumar Singh confirmed that investigators have apprehended additional suspects from Unnao for questioning. The Sunday attack was recorded on a nearby CCTV footage. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
India.com
29-05-2025
- Business
- India.com
Meet Indian who used to earn Rs 1350 per month, now owns Rs 50000 crore business, not from IIT, IIM, VIT, he is..., his business is...
Meet Indian who used to earn Rs 1350 per month, now owns Rs 50000 crore business, not from IIT, IIM, VIT, he is..., his business is... Sometimes, where we begin has little to do with where we end up. While most individuals spend their lives blaming a lack of resources and opportunities for their stagnation, only a few turn challenges into stepping stones for success. Anil Gupta is one such example. He started his journey with a low-income job, but through determination, he built a thriving business. Not to forget, Anil Gupta is the mastermind behind two successful ventures: Microtek and Okaya. Hailing from Hansi, a small village in Haryana, Anil Gupta developed a deep fascination for electronics at a very young age. Anil Gupta took admission at the prestigious Birla Institute of Technology (BITS, Pilani) to study Electrical and Electronics Engineering. After completing his studies, he took up a job that offered him a monthly salary of just Rs 1350. However, driven by a desire to aim higher and do more, he decided to leave the job in 1980 to pursue greater ambitions. At the young age of 18, Anil decided to leave his job behind. His goal wasn't just to talk about innovation, but he wanted to bring it to life in India. His first groundbreaking step came in the early 1980s when he introduced optical fibre cables to the country, a revolutionary idea at a time when the technology was still unfamiliar to most. Next, he ventured into manufacturing computers and CPUs. However, constant power outages disrupted the production process and made operations unstable. While many would have seen this as a setback, Anil saw it as an opportunity. If electricity were the obstacle, then finding a solution to that problem would become his business. In 1989, Anil started sourcing electronic parts from Delhi's Lajpat Rai Market, a bustling hub for tech components. With vision, he co-founded Microtek, India's first brand to introduce mono monitors. But he didn't stop there. Microtek soon evolved, branching out into colour monitors, power solutions, and motherboards. Over time, it grew into a household name, earning the trust of millions and becoming a pillar of India's electronics industry. But Anil's ambitions went far beyond just putting components together, he was driven by a commitment to quality. Determined to raise the bar, he borrowed funds from his uncle and traveled to Taiwan to source advanced components firsthand. This bold step enabled Microtek to introduce India's first computer-controlled LED display, firmly establishing the brand as a pioneer in tech innovation. By 1993, Anil had set up a fully indigenous monitor manufacturing unit in Kundli, Haryana. The factory didn't just cater to local demand—it attracted major clients like IBM, Olivetti, Acer, and HCL, marking a significant milestone in India's electronics journey. In 2001, Anil launched Okaya. Reportedly, he owns owns Rs 50000 crore business. 'Born on 20th November 1962, Anil Gupta rising from a modest background to passing through prestigious BITS Pilani with a degree in Engineering and starting a career as a teacher of computers and electronics has come a long way in his illustrious business career. Way back in the late eighties, he introduced the first-ever electronic signboard in India, thereafter ventured into computer peripherals and subsequently manufacturing computers and CPUs. Frequent power cuts during those times compelled Anil to create Microtek Inverters and rampant unfair practices in trade, slackening customer care services all around in the industry, evolved an industry magnate who redefined the way business to be done,' reads his LinkedIn bio. At present, he is the Managing Director of Okaya Power Group.
Economic Times
23-04-2025
- Business
- Economic Times
RBI's new liquidity norms expected to boost bank lending by ₹3 lakh crore
The Reserve Bank of India's final liquidity coverage ratio norms for banks are expected to free up ₹2.7-3 lakh crore in funds for lending, economists is a significant boost for banks struggling to raise deposits and will support the economy though cheaper and more credit, they said. "With an estimated high-quality liquid assets (HQLA) of almost ₹45-50 lakh crore for the banking system, this could free up lendable resources by almost ₹2.7-3 lakh crore and support the credit growth of the banks," said Anil Gupta, ICRA's senior vice president and co-group head of financial sector has mandated banks to keep an additional 2.5% liquid assets against retail and small deposits raised through internet and phone banking. This ratio is called "run-off factor". The move is aimed at mitigating risk arising from a likelihood of substantial and quick online withdrawals. The draft norms had proposed an additional 5% run-off factor for retail deposits. This was over and above the existing 5% run-off factor for stable deposits and 10% run-off factor for less stable deposits raised through digital channels. According to RBI's calculations, the reported LCR of the banking system would improve by 6 percentage points as on December 31, 2024."This headroom can be equivalent to 1.4-1.5% of additional credit growth potential for the banking system," Gupta credit grew 11% year-on-year to Rs 18.2 lakh crore as on April 4, 2025. As LCR of banks would improve by 6 percentage points, intuitively this saving can be routed to credit, depending on the overall demand for loans, said Bank of Baroda chief economist Madan Sabnavis. "The final call will be taken by banks depending on their internal policies." Banks, which were looking to grow the share of medium-term to long-term deposits over the last couple of quarters in anticipation of stringent LCR from April this year, may now tweak their deposit mobilisation strategy in favour of raising short-term deposits, which has been the trend for several years, according to experts. "From an industry standpoint, the RBI's final circular strikes a pragmatic balance between liquidity and profitability. It enhances the robustness of the liquidity framework without unduly constraining banks' ability to lend or generate returns," said Virat Sunil Diwanji, Federal Bank's national head for consumer banking. "The revised framework also aligns better with the evolving deposit landscape, especially in light of rising digitalisation and changes in depositor behaviour." RBI data showed that 39.8% of total bank deposits for all scheduled banks combined were in the less-than-one-year bucket as of March 2024. Deposits with maturity between one year to up to three years constituted 24.7%, while 9.9% were in the three-to-five-year category, and 25.6% were of more than five-years maturity.
Time of India
23-04-2025
- Business
- Time of India
RBI's new liquidity norms expected to boost bank lending by ₹3 lakh crore
The Reserve Bank of India's revised liquidity coverage ratio norms are projected to unlock ₹2.7-3 lakh crore for banks, boosting lending capacity. This move aims to balance liquidity and profitability, mitigating risks from online withdrawals with a reduced run-off factor. Experts believe banks may adjust deposit strategies, favoring short-term deposits, while the framework supports credit growth potential. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Reserve Bank of India 's final liquidity coverage ratio norms for banks are expected to free up ₹2.7-3 lakh crore in funds for lending, economists is a significant boost for banks struggling to raise deposits and will support the economy though cheaper and more credit, they said."With an estimated high-quality liquid assets (HQLA) of almost ₹45-50 lakh crore for the banking system, this could free up lendable resources by almost ₹2.7-3 lakh crore and support the credit growth of the banks," said Anil Gupta, ICRA 's senior vice president and co-group head of financial sector has mandated banks to keep an additional 2.5% liquid assets against retail and small deposits raised through internet and phone banking. This ratio is called "run-off factor". The move is aimed at mitigating risk arising from a likelihood of substantial and quick online draft norms had proposed an additional 5% run-off factor for retail deposits. This was over and above the existing 5% run-off factor for stable deposits and 10% run-off factor for less stable deposits raised through digital to RBI's calculations, the reported LCR of the banking system would improve by 6 percentage points as on December 31, 2024."This headroom can be equivalent to 1.4-1.5% of additional credit growth potential for the banking system," Gupta credit grew 11% year-on-year to Rs 18.2 lakh crore as on April 4, LCR of banks would improve by 6 percentage points, intuitively this saving can be routed to credit, depending on the overall demand for loans, said Bank of Baroda chief economist Madan Sabnavis. "The final call will be taken by banks depending on their internal policies."Banks, which were looking to grow the share of medium-term to long-term deposits over the last couple of quarters in anticipation of stringent LCR from April this year, may now tweak their deposit mobilisation strategy in favour of raising short-term deposits, which has been the trend for several years, according to experts."From an industry standpoint, the RBI's final circular strikes a pragmatic balance between liquidity and profitability. It enhances the robustness of the liquidity framework without unduly constraining banks' ability to lend or generate returns," said Virat Sunil Diwanji, Federal Bank 's national head for consumer banking. "The revised framework also aligns better with the evolving deposit landscape, especially in light of rising digitalisation and changes in depositor behaviour."RBI data showed that 39.8% of total bank deposits for all scheduled banks combined were in the less-than-one-year bucket as of March 2024. Deposits with maturity between one year to up to three years constituted 24.7%, while 9.9% were in the three-to-five-year category, and 25.6% were of more than five-years maturity.
