logo
T.N. and SBI sign MoU for salary packages

T.N. and SBI sign MoU for salary packages

The Hindu20-05-2025

The State Bank Of India has signed an Memoranda of Understanding with the Tamil Nadu government for State Government Salary Package (SGSP) and Police Salary Package (PSP) in the presence of Chief Minister M.K.Stalin, Finance Minister Thangam Thennarasu, Chief Secretary N.Muruganandam, Finance Secretary Udhayachandran and Director of Treasuries and Accounts T.Charusree and DMD Parminder Singh, M.V.R Murali Krishna.
The State Bank of India provides various other facilities too which includes personal accident insurance cover, group term life insurance cover of Rs.10 lakh, family savings account SBI Rishtey, (based on net salary), concession in processing charges on home loan, car loan and SBI Personal loan among others.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers
Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers

Time of India

time28 minutes ago

  • Time of India

Peak XV trims stake in Zinka Logistics in Rs 302 crore bulk deal; ADIA, MIT among buyers

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Bengaluru-based logistics tech company Zinka Logistics Solutions , popularly known as BlackBuck, witnessed a block deal on Tuesday. A group of marquee institutional investors picked up stakes, while existing investor Peak XV Partners pared down its holding. The total block deal value is around Rs 302 to data from the stock exchanges, nearly 59 lakh shares changed hands. Among the buyers were global institutional names such as Abu Dhabi Investment Authority (ADIA), ICICI Prudential Mutual Fund, and Massachusetts Institute of Technology (MIT).ADIA purchased 23,02,574 shares at a price of Rs 420 per share. ICICI Prudential Mutual Fund acquired 11,42,856 shares at the same price, while MIT picked up the largest chunk -- 24,65,945 shares -- at Rs 420 per the sell side, Peak XV Partners Investments VI offloaded 12,10,588 shares at a higher price of Rs 444.71 per share, likely booking gains on their earlier of the latest available data, promoters held 27.7% of Zinka, while the public held 72.3%. Foreign investors made up a large chunk of the public shareholding, with several high-profile names such as Tribe Capital, Sands Capital, Accel, and B Capital featuring on the largest public shareholder was Quickroutes International, holding over 9% stake. Among mutual funds, SBI Technology Opportunities Fund held 6.62%, while Bandhan Core Equity Fund and Invesco India Contra Fund held smaller Logistics is one of India's leading tech-driven logistics platforms specializing in full-truck load (FTL) freight. Founded in 2015, the company has transformed the traditional trucking ecosystem by digitizing operations for both fleet owners and its mobile and web-based solutions, Zinka connects truckers with businesses in real-time, offering seamless booking, GPS-based tracking, digital payments, and documentation. The platform serves a wide range of industries including FMCG, manufacturing, and e-commerce, providing reliable long-haul transportation across company also assists truckers with services like fuel cards, insurance, and toll management, aiming to improve their efficiency and reduce idle time.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Siddharth Nigam's mother reveals he was replaced by Ajay Devgn's nephew Aaman Devgan in Azaad with Rasha Thadani: 'Both of them were star kids...'
Siddharth Nigam's mother reveals he was replaced by Ajay Devgn's nephew Aaman Devgan in Azaad with Rasha Thadani: 'Both of them were star kids...'

Time of India

time37 minutes ago

  • Time of India

Siddharth Nigam's mother reveals he was replaced by Ajay Devgn's nephew Aaman Devgan in Azaad with Rasha Thadani: 'Both of them were star kids...'

Siddharth Nigam, an outsider in Bollywood, faced disappointment when he was replaced in the film *Azaad* by star kids Aaman Devgan and Rasha Thadani. Despite initial consideration and script narration, Nigam waited two years only to discover the film proceeded with the newcomers. While acknowledging the industry's realities, Nigam focused on moving forward after the emotional setback. In an industry where star power often outweighs merit, the struggles of outsiders continue to echo. Actor Siddharth Nigam's journey is the latest reminder. His mother has now revealed that Siddharth was originally in line to debut in Azaad—until he was replaced by star kids Aaman Devgan and Rasha Thadani . In conversation with Instant Bollywood, Siddharth's mother opened up about the challenges of being an outsider in the film industry, highlighting a personal experience with Azaad. She shared that Siddharth was initially considered for the film and even had the script narrated to him. However, after waiting for nearly two years, they discovered through a poster that the movie had been made—with Ajay Devgn 's nephew Aaman Devgan and Raveena Tandon's daughter Rasha Thadani in the lead. She admitted it was a tough moment, especially as a mother, and felt the final casting decision may have been influenced by the star lineage of the newcomers. Siddharth also reflected on the situation, acknowledging the realities of the industry. Without placing blame, he shared that it's part of the business, and those involved likely had their own reasons for the decision. For him, it was more about the emotional toll—waiting with hope for a year, only to find out through the teaser that someone else had been cast. In the end, he said, it became a moment of quiet acceptance and simply moving on. The period action drama, directed by Abhishek Kapoor and produced by Ronnie Screwvala and Pragya Kapoor, marked the debut of Aaman Devgan and Rasha Thadani, starring alongside Ajay Devgn and Diana Penty. Despite the high-profile cast and production, the film opened to mixed-to-negative reviews and failed to make a mark at the box office, earning just Rs 8 crore worldwide. Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . Don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .

Elon Musk's Starlink to get licence to operate in India soon, says Jyotiraditya Scindia
Elon Musk's Starlink to get licence to operate in India soon, says Jyotiraditya Scindia

The Print

time37 minutes ago

  • The Print

Elon Musk's Starlink to get licence to operate in India soon, says Jyotiraditya Scindia

'Currently, two companies—OneWeb and Reliance—have received licences for satellite connectivity. The process for Starlink is also nearly complete. The LOI has been issued. And I believe it (Starlink) will get the licence soon,' Scindia said. In an exclusive interview with ThePrint on Tuesday, Scindia said that the Department of Telecommunications (DoT) earlier issued a Letter of Intent (LOI) to Starlink. The final approvals are pending from the Indian National Space Promotion and Authorisation Centre (IN-SPACe). New Delhi: Elon Musk's satellite internet venture, Starlink, is 'almost licensed' to operate in India, Union Minister of Communications and Minister for Development of North Eastern Region Jyotiraditya Scindia has said. 'The next step involves securing approval from IN-SPACe. All three licence holders must undergo this process before beginning operations,' he added. In the meantime, Scindia said, OneWeb and Reliance received spectrum allocations on a 'minimal exploratory basis' to begin testing their services. Once licensed, Starlink will likely follow a similar path. 'After this, TRAI (Telecom Regulatory Authority of India) will provide policy norms for administrative spectrum allocation, which will govern commercial rollout,' Scindia said. The minister emphasised that satellite internet would be vital to bridging India's last-mile connectivity gap, particularly in remote areas, where laying fibre optic cables or installing towers remained unviable. 'In India, there are many regions where no telecom tower can reach and laying OFC is impossible. Satellite is the only option there,' Scindia said. 'It is not about platform competition; it is about giving consumers a choice.' 'As the minister of communications, it is my responsibility to provide a bouquet of services to consumers. The choice of which to use must lie with them,' he added. Also Read: Airtel and Jio are welcoming Starlink to India. Is it a bid to get on Trump's good side? BharatNet 2.0: Expanding ground connectivity Scindia said the Modi government's Rs 1.39 lakh crore BharatNet 2.0 programme, which aimed to connect 2.5 lakh village panchayats and an additional 3.8 lakh villages on demand, would complement the space-based rollout. Key upgrades in the new phase include a shift from a linear to a ring topology, network downtime, and ensuring service redundancy. The project includes a 10-year OPEX (operating expenses) component alongside capital expenditure to ensure long-term sustainability. 'We have moved away from just CAPEX-focused design. Under the ring topology, even if one connection fails, the network reroutes itself. And with OPEX, maintenance becomes the service provider's responsibility,' he explained. 'BharatNet will now connect not just rural India to the nation but also to the world.' Operation Sindoor & national security On matters of national security, Scindia referenced recent military actions in Jammu and Kashmir under Operation Sindoor, asserting the prerogative to give a firm response to threats. 'Those who thought of wiping off the 'sindoor' of our sisters and mothers have been, themselves, wiped out,' he said, underscoring the assertive posture taken by the Modi government. India, he further said, had never believed in initiating conflict. 'But if innocent citizens are targets, the response to a brick will be with a stone,' he stated. Also Read: Musk's 'small man' spat with Polish minister bares widening US-Europe rift over Russia-Ukraine war Shashi Tharoor & 'India First' Doctrine Asked about the criticism of MP Shashi Tharoor within the Congress for his participation in an all-party delegation representing India abroad, Scindia said everyone should view the role of the delegation through the lens of national unity. 'Every person on that delegation went as an Indian. Difficulties arise when the country is not the priority. For some elements, their interests come first. In such cases, neither you nor I need to say anything—the people of India already have,' he said. Revival of BSNL & 5G roll-out Scindia credited the turnaround of BSNL (Bharat Sanchar Nigam Limited) to the leadership of Prime Minister Modi, along with the hard work of the BSNL employees. According to Scindia, the installation of 93,000 4G towers, out of a target of 1,00,000, is already complete. Once stabilised, these towers, using the same software core, will be upgraded to 5 G. 'I take no personal credit. The Prime Minister showed the vision, and the BSNL family delivered,' he said. Meanwhile, as of 1 January this year, MTNL was fully merged into BSNL and will now function as a shell entity for debt resolution and asset management. 'Operationally, MTNL (Mahanagar Telephone Nigam Limited) is under BSNL. We will negotiate and settle its debt with banks,' he said. Spam calls, cybersecurity & consumer protection The Union minister also outlined ongoing efforts to curb cyber fraud, spam calls, and mobile misuse. Scindia highlighted the blocking of 1.3 crore spoof calls in a single day over the last few months, along with the deactivation of more than three crore fake mobile connections and 25–30 lakh WhatsApp-linked numbers suspected of misuse. He also reported the launch of a new telecom consumer portal and app to report stolen phones, SIM misuse, and cloned accounts. 'Our responsibility is to ensure both connectivity and safety. Technology must empower—not endanger—our citizens,' Scindia added. (Edited by Madhurita Goswami) Also Read: How should India respond to Trump tariff? Raghav Chadha has an idea involving Starlink

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store