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Business Standard
2 days ago
- Business
- Business Standard
Torus Digital enters strategic partnership with Suryoday Small Finance Bank, launches 3-in-1 Savings & Investment Account
PRNewswire Mumbai (Maharashtra) [India], August 8: Torus Digital, an innovative wealth technology company, has established a strategic partnership with Navi Mumbai-based Suryoday Small Finance Bank (SSFB) to launch a 3-in-1 Savings and Investment Account. Key Highlights: - Deep-integrated banking, trading and demat account for seamless savings and investment experience - Aim to penetrate underserved segments with an affordable, digital-first approach - Key features like 'Invest your Interest' and 'Block Funds' facility designed to make investment easy for both passive and active investors Over the next 4 to 5 years, more than 100 million retail investors are expected to enter the Indian investment market. Already, nearly 2 million digital investment accounts are being opened every month across the country. In response to this growing demand, the 3-in-1 account offers a comprehensive financial solution tailored for this new wave of investors. Torus Digital has partnered with Suryoday Small Finance Bank to offer a unified approach to savings, trading, and demat services. This unified approach allows users to manage their finances with greater ease, transparency, and efficiency. Torus Digital offers a savings interest rate of up to 7.75% per annum, 88% higher than traditional Indian banks. The IYI feature includes three Nifty 50 ETFs, providing a safe investment avenue with a potential 15% CAGR. Users can open zero-balance savings accounts, trade across NSE and BSE at flat rates, and maintain a lifetime free demat account. Through this partnership, Suryoday Small Finance Bank, serving over 3.4 million customers through 710+ banking outlets across 15 states and Union Territories, aims to enhance its digital presence and expand access to a wider, more diverse customer segment. Commenting on the launch, Prakarsh Gagdani, Chief Executive Officer, Torus Digital, said, " We are building a future where personal finance is not fragmented but integrated. Our 3-in-1 account brings simplicity and intelligence into the everyday financial lives of our users. In partnership with SSFB, we're redefining the customer experience by making saving, trading, and investing accessible to everyone, especially in underserved segments of India. We are aiming to onboard over 1 million customers within the next 2 to 3 years." Commenting on the partnership, Vishal Singh, Chief Information Officer and Head - Digital Banking at Suryoday Small Finance Bank (SSFB), said, " At Suryoday, we've always aimed to deliver innovative banking experiences. Our strategic partnership with Torus Digital will allow us to bridge the gap between traditional banking and modern investing, offering a robust '3-in-1' account that caters to both savers and investors. Customers can now embark on their financial journey at no cost, with zero account opening charges, and seamlessly save, trade, and invest all in one unified platform." The account also features 'Invest Your Interest' (IYI), allowing users to automate their monthly interest investment into ETFs through SIPs starting at just ₹27, potentially increasing returns by up to 15%. The account is integrated with Torus Digital's broking platform, allowing seamless trading without the need to transfer funds. The account also provides unmatched liquidity and control with T+1 trade payouts credited directly into the same account. Torus Digital offers a Trading and Demat account with a variety of investment products, including equities, mutual funds, IPOs, derivatives, ETFs, and indices. Users can enjoy flat trading charges, zero account opening charges, 4x leverage with margin trading, chart-based execution, and advanced algo trading. The Demat Account, regulated by CDSL, offers lifetime free AMC, 100% digital onboarding, and low DP charges. Torus Digital's strategic partnership with SSFB aims to simplify investing and foster financial inclusion through digital innovation. They aim to build a robust retail investor base and target an AUM of ₹4,000-5,000 crore over the next 2 to 3 years. About Torus Digital Mumbai-based Torus Digital is a next-generation wealth technology platform spread across 10+ locations in India, offering a comprehensive suite of broking and digital banking services in partnership with Suryoday Small Finance Bank Ltd. Operating under the regulatory purview of the RBI, SEBI, and IRDA, Torus Digital provides users with seamless access to investment opportunities across NSE and BSE segments--including equities, mutual funds, IPOs, derivatives, ETFs, and indices, with the highest standards of transparency, security, and integrity. With a strong focus on accessibility and innovation, the Torus Digital mobile app is available for download on both the Google Play Store and Apple App Store, enabling users to manage their finances and investments anytime, anywhere. About Suryoday Small Finance Bank Suryoday Small Finance Bank Limited is a scheduled commercial bank. Commencing its operations as an NBFC and for over a decade, with a clear focus on serving customers in the unbanked and underbanked segments and promoting financial inclusion. Pursuant to receipt of the RBI Final Approval, Suryoday started its operations as an SFB on January 23, 2017. Suryoday is among the leading SFBs in India in terms of net interest margins, return on assets, yields and deposit growth and had the lowest cost-to-income ratio among SFBs in India in Fiscal 2020. The bank has a wide presence across 15 states and UTs across India through its 710 banking outlets, with a strong presence in Maharashtra, Tamil Nadu and Odisha. SSFB offers a wide array of services to customers, through its array of asset and liability products, via multiple delivery channels. Suryoday SFB is listed on NSE and BSE
Time of India
30-07-2025
- Automotive
- Time of India
Despite curbs, heavy vehicles ply during peak hours in Keonjhar dist, cause traffic jams
1 2 Keonjhar: Despite restrictions on movement of trucks on different roads in Keonjhar district, heavy vehicles continue to ply in Champua sub-division, causing severe traffic jams and at times leading to accidents. On June 19, the district collector had ordered restriction on movement of trucks at a meeting in Champua. "Exercising the power conferred by Section 115 of the Motor Vehicles Act, 1988, I have restricted the movement of heavy vehicles except those carrying essential commodities on the roads in Joda, Barbil and Champua areas," Keonjhar district collector Vishal Singh, who is also the chairman of district road transport authority, said. The roads where violations have been taking place include Rugudi to Beliepada, Bileipada to Tarini Chowk, Joda municipality, Barbil municipality and Champua NAC areas. Heavy vehicles are restricted from 8 am to 11 am and 3 pm to 8 pm on Rugudi to Beliepada and Bileipada to Tarini Chowk stretch, as well as Champua NAC area, while the restriction in Joda and Barbil municipality areas is from 6 am to 2 pm and 3 pm to 8 pm. According to the administration, tippers and trucks do not follow a proper line, causing congestion and create a lot of problems for the people, particularly school-going children and patients. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Advancing AATD-LD Medicine with Research Takeda WeConnect Learn More Undo "Traffic jams are common. Many times school buses and ambulances get stuck in the truck jam," said social activist Rasananda Behera. "Despite the restriction, many trucks, tippers and trailers are flouting rules and plying during the restriction period. The administration, truck association, and mining lessees are equally responsible for this man-made traffic problem. They must take a decision to check the problem," said Sushil Cainth, a human rights activist from Barbil.
Time of India
25-07-2025
- Health
- Time of India
Faecal coliform at Gaurikund, gateway to Kedar, way above safe limit: RTI
Dehradun: The faecal coliform (FC) level at a drain in Gaurikund, starting point of the Kedarnath trek, was found to be 4.9 million MPN/100ml, far exceeding the Central Pollution Control Board's (CPCB) permissible limit of 2,500 MPN/100ml. The data was disclosed by CPCB in response to an RTI filed by a Noida-based activist. Experts attributed the pollution to lack of a sewage treatment plant (STP) and a rise in pilgrim numbers in recent years. Over 14 lakh pilgrims have already visited Kedarnath this season, shows govt data. Vishal Singh, executive director of Centre for Ecology Development and Research called for capping visitor numbers to limit organic waste in the region. CPCB said there are two drains each in Kedarnath Dham and Gaurikund with two untapped drains flowing into the Mandakini and Saraswati rivers. "At the drain at the entrance of the pedestrian yatra, near the Gaurikund police post, the BOD (biochemical oxygen demand) was recorded at 184 mg/l (the limit for drinking water is less than 5, and for treated wastewater, up to 30), COD (chemical oxygen demand) at 362 mg/l (permissible limit: 250), and FC at 4.9 million (desirable limit: 500, permissible: 2,500)," stated the RTI reply in response to queries posed by Amit Gupta. "Pollution level at Gaurikund is dangerously high, suggesting heavy sewage inflow, untreated waste, and health-threatening pathogens. This kind of contamination not only harms river ecosystems downstream but also threatens spring sources, which supply potable water, support agriculture, and sustain tourism. Poor sewage management, coupled with warming in the high Himalayas, will affect biodiversity and increase disease risks by creating breeding grounds for vectors like mosquitoes," said Singh. He also stressed the need to prioritise sewage treatment infrastructure in such ecologically sensitive areas. "Strict regulations for solid and liquid waste management must be enforced, and water quality monitoring strengthened. Behavioural change is also key and awareness drives should be launched across the Char Dham route. Eco-sensitive pilgrim infrastructure is essential to protect these fragile high-altitude ecosystems and ensure clean water for communities," he said. The STP in Kedarnath, which was scheduled for completion before the 2025 yatra season, remains unfinished. Officials had earlier said it would be ready by May 30. In an affidavit to National Green Tribunal (NGT) in April, Rudraprayag district magistrate Saurabh Gaharwar said the original deadline was Dec 2024, later revised to Dec 14, 2025, for full system connectivity. Currently, all untreated sewage continues to be discharged into the Mandakini river due to the absence of a functional STP. NGT had pulled up both the Rudraprayag administration and the Uttarakhand Pollution Control Board (UKPCB) for failing to act on environmental violations. The DM's affidavit had claimed that 85% of STP construction was complete. Even if completed by year-end, environmentalists have raised concerns over the plant's limited capacity of 600 KLD (kilolitres per day). A petitioner pointed out that the design considered a permanent population of 5,000 and a floating population of 20,000 – a number regularly exceeded during the yatra. Following the RTI revelations, UKPCB has asked the public works department (PWD) to explore increasing the proposed STP capacity. "Construction is being carried out under the Kedarnath Dham masterplan…However, many toilets outside the masterplan boundary are also being used by pilgrims. The nodal department needs to address these as well," wrote Vinay Jhinkwan, executive engineer, PWD, in a letter to the officer at special duty (OSD) of the Kedarnath Charitable Trust.
Time of India
17-07-2025
- Time of India
IIEST research scholar undergoes 4-day digi-arrest, loses 27.6 lakh
Howrah: A PhD student at IIEST, Shibpur, fell victim to digital arrest fraud by accused, posing as CBI, and was forced to pay Rs 27.6 lakh to avoid the alleged detention. The gang kept the woman under constant video surveillance for four day, allowing her only brief breaks to use the washroom. Police arrested Vishal Singh (30), who had orchestrated the fraud, from Kanpur. He was presented in Howrah Court on Thursday and remanded in police custody. DC DD Bishop Sarkar said the woman had received a WhatsApp video call on April 15, in which a man, dressed as a police officer, claimed he was from the CBI and accused her of human trafficking. The man, who later turned out to be Singh, said he was placing her under "digital arrest" and instructed her to stay put at home and to keep the video call on throughout. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Over the next four days, Vishal and his gang kept a continuous watch on the woman, allowing her only short breaks to use the washroom. She was even forced to eat under the video watch. All the while, they plied relentless pressure, levelling multiple accusations, trumping up false charges and threatening her, before telling her that the only way to avoid an arrest was to pay for her bail. Intimidated, exhausted and disoriented, the woman buckled under the mental torture and transferred Rs 27.6 lakh to the fraudsters' bank account on April 19. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo It was only after she transferred the fund that the video call was disconnected. She soon realised she had been conned and lodged a complaint at the Howrah cybercrime PS. Police first traced the video call and the account to which the money had been transferred, which led them to Singh in Kanpur. Investigators said of the total money, they could recover only Rs 1.5 lakh from Singh's account.
Hindustan Times
05-07-2025
- Politics
- Hindustan Times
Mathura man supplied drones to Naxals to keep eye on security forces: NIA
A Mathura man, who was arrested in Delhi on June 29 by the National Investigation Agency (NIA) for his links with the banned CPI (Maoist), supplied drones to Naxalites and trained them to operate the equipment and keep watch on security forces' activities in the forest areas of Bihar, Jharkhand and Odisha, NIA officials privy to the investigation confirmed. For representation only During interrogation, the man identified as Vishal Singh revealed he had been supplying drones and providing operational training in dense forests for the past seven years, the officials said. The officials confirmed that Vishal Singh, the key accused in the revival of a CPI (Maoist) Northern Region Bureau (NRB), had delivered drones to leaders of the banned outfit in the Chhakarbanda- Pachrukhiya forest area of Bihar. Singh had imparted technical training to cadres of CPI (Maoist) and had also attended meetings with its central committee members deep in the forest areas of Bihar in 2019, the officials further said. NIA officials stated that Vishal Singh acted as a clandestine service provider, largely maintaining a normal life in Delhi. They added that Singh kept abreast of the latest technology while in the national capital and improvised it for the benefit of Naxalite groups operating in dense forest areas. The NIA is investigating the case and probing the extent of Vishal Singh's involvement with the CPI (Maoist). The agency is also examining the digital evidence seized during search operations to uncover more details about the organisation's activities and plans. The arrest highlights the ongoing efforts of the NIA to dismantle operations of banned terrorist organizations in the country. The NIA had confirmed that the agency seized digital devices, including hard drives, pen drives and mobile phones, as well as other incriminating material, during a search at Singh's West Delhi house. In August 2024, the NIA had arrested another accused, Ajay Singhal alias Aman, who was in charge of the Haryana and Punjab state organising committee of CPI (Maoist). The case relates to the terrorist organisation's conspiracy to revive its waning influence in the Northern Regional Bureau (NRB) area, officials said.
