Business Sphere Magazine

06/06/2026

The June 2026 edition of Business Sphere showcases a cover story on Trump's New Green Card Rules, paired with an exclusive conversation with Mr. Amit Bajaj, Director of Vezlay Foods Pvt Ltd, a leading soy-based food processing company. It also includes a feature on Vikas Mittal, Managing Director of Nova Formworks Pvt Ltd, and a special report titled 'Top 10 CNC Machine Manufacturers of India.'
Vezlay Foods Pvt. Ltd.

03/06/2026

Illegal Encroachments in Indirapuram,Ghaziabad being demolished by GDA Authorities today morning.
I Suppose a Good Job after a killing in Khoda Colony.

27/05/2026

Hon’ble Finance Minister launches key SIDBI initiatives for
MSME growth and Modernisation of Rural Industries

SIDBI’s 37th Foundation Day Celebrations

National, 25th May 2026: Smt. Nirmala Sitharaman, The Hon’ble Union Minister for Finance and Corporate Affairs, speaking at the 37th Foundation Day Celebrations event of Small Industries Development Bank of India (SIDBI) today in Mumbai said that the MSME sector remains central to India’s growth trajectory, employment generation, and export competitiveness. Hon’ble Finance Minister also highlighted various measures taken by the Govt of India for the sectors affected by West Asia War situation, including ECLGS 5.0 which will also support MSMEs in these difficult times. Hon’ble Finance Minister also outlined the vision for SIDBI and its role as market-maker, especially with regard to the capital infusion of Rs.5000 crore by the Govt of India. On this occasion, Hon’ble Finance Minister also launched a set of strategic portals / initiatives designed to strengthen the MSME ecosystem, enhance last-mile credit delivery, and accelerate modernisation of rural industries.

Various new initiatives / portals launched during the event are SIDBI RRB Co-Lending Portal, a platform to operationalise partnerships between SIDBI and Regional Rural Banks (RRBs), improving credit flow in rural and underserved geographies, SIDBI MachFin Mart (www.machineryportal.sidbi.in), a digital platform enabling MSMEs to access machines through a structured marketplace, supporting price discovery, standardisation, technology adoption and embedded loan sanction and MoRE (Modernisation of Rural Enterprises), a focused initiative to provide transformational support to 10,000 rural micro and artisanal units over next 3 years, through cluster-based interventions in such rural / artisanal clusters. Credit Cards for Micro Enterprises programme of DFS, Govt of India was also launched at the event. These credit cards with a limit of `5 lakh for Udyam registered micro enterprises have been designed with an objective to enable credit access on easier terms and through a faster process for financing their working capital requirements.

On the occasion, Shri Sanjay Lohiya, Special Secretary, Department of Financial Services acknowledged the contribution of SIDBI’s leadership and staff in building an institution that commands credibility across the financial sector and that DFS looks forward to SIDBI continuing to play a proactive and constructive role in strengthening MSME finance and supporting India’s broader development objectives. In this evolving context, SIDBI’s future role is not only that of a financier, but of an institution that sets benchmarks, builds confidence and strengthens the architecture of MSME finance.

Shri Manoj Mittal, Chairman & Managing Director, SIDBI said on the occasion that these initiatives mark a significant step in SIDBI’s ongoing efforts to transform MSME financing through digital enablement and partnerships. The focus is on improving credit access, credit delivery efficiency and promoting technology adoption through digital platforms and collaborative partnerships. Our approach is also anchored on supporting modernisation of rural enterprises, thereby making them more competitive, productive and future-ready, apart from enabling inclusive and broad-based economic development.

About SIDBI: SIDBI is the principal financial institution for the promotion, financing, and development of the MSME sector in India. Since its formation in 1990, SIDBI has been touching the lives of citizens across various strata of society through its integrated, innovative and inclusive approach. SIDBI has directly or indirectly impacted the lives of Micro, Small and Medium Enterprises (MSMEs) through various credit and developmental measures whether they are traditional, domestic small entrepreneurs, bottom-of-the-pyramid entrepreneurs, or high-end knowledge-based entrepreneurs.

For more information, please visit: https://www.sidbi.in/

27/05/2026

Bank of Baroda introduces Biometric Payments, IoT-based Payments and UIDAI Face Authentication on bob इ Pay

Bob इ Pay is a universal UPI app available for customers of any bank

Mumbai, May 27, 2026: Bank of Baroda, India’s International Bank, today announced the launch of three new features on its UPI payments app, bob इ Pay – Mobile OS-Native biometric authentication for payments, UIDAI-based face authentication for setting/resetting UPI PIN and Internet of Things (IoT)-based payments. bob इ Pay is a universal UPI app that is open to customers of any bank.

Speaking about the initiative, Shri Sanjay Mudaliar, Executive Director, Bank of Baroda said “Customers today expect digital payments to be seamless, intuitive and secure. With these new capabilities on bob इ Pay, we are simplifying and enhancing the user experience while strengthening security. These innovations reflect our continued focus on delivering future-ready digital banking solutions for our customers.

Mobile OS (Operating System) Native Biometric Authentication for UPI Payments
With the Mobile OS-Native biometric authentication feature, customers can now authorise UPI transactions up to ₹5,000 using fingerprint or face ID registered on their mobile device, enabling faster, seamless and more secure payments on bob इ Pay. This feature enables PIN-free transactions, eliminating the need to remember multiple PINs and making everyday payments quicker and more intuitive. It also strengthens security by ensuring that only the registered device owner can approve transactions through device-level biometric authentication, significantly reducing the risk of fraud or misuse.

Customers will have the flexibility to choose between UPI PIN and biometrics for transaction authorisation. This feature supports both Person-to-Person (P2P) and Person-to-Merchant (P2M) transactions, as well as balance enquiries, delivering a frictionless user experience.

UIDAI-based face authentication for setting/resetting UPI PIN
The Bank has also introduced Aadhaar-based face authentication to set or reset UPI PINs, reducing reliance on debit cards and OTP-based Aadhaar verification. The UIDAI Face Authentication feature allows users to verify their identity through facial recognition and securely set or reset their UPI PIN using Bank OTP.

Internet of Things (IoT)-based UPI payments
Bank of Baroda has also enabled UPI payments through IoT devices on the bob इ Pay UPI Payments app), expanding the scope of digital payments beyond smartphones. Customers can now link supported connected vehicles and smart appliances to bob इ Pay and conveniently make UPI payments directly through them.

IoT-based payments are an extension of the Delegate Payments framework and allow a primary user to delegate payment authority to a secondary user or device to execute transactions within pre-defined limits set by the primary user. Each IoT device can be linked to only one primary user at a time, ensuring exclusive ownership, transaction accountability and enhanced security.

With these additions, bob इ Pay further reinforces Bank of Baroda’s commitment to driving innovation in digital payments while enhancing customer convenience and security.

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About Bank of Baroda
Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of over ~180 million through around 65,000 touch points spread across 15 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank.
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Visit us at

Bank of Baroda, India's International Bank offers Net Banking Services & Personal banking services like Accounts & Deposits, Cards, Loans, Insurance & more to meet your banking needs.

02/05/2026

MSME must provide more employment

When a variety of experts in different domains meet, ideas fly back and forth till they find a soft landing.
Soft but not always comfortable,
As the organisers of the conclave titled ‘Strengthening the role of MSMEs in Generating Sustainable employment for Skilled youth in India’ at India Habitat Centre discovered on Thursday April 29,2026.
This program was the latest in the series of conversations organised by the Prayas JAC Society led by Mr Amod K Kanth Founder and Mentor and India Habitat Centre led by the dynamic director Dr KG Suresh.

The participants included Government officials, NGOs, leaders of MSMEs,entrepreneurs and experts from banks, the ILO and others who had somethimg to talk about their own experiences.

Addressing the gathering Mr Amod K Kanth emphasized the linkages between the MSMEs that provide skills to the youth prepatimg them for employment and fhe civil society organisations numbering 3.7 million that are in touch with ground realities which can help in providing scalable and demand led ivelihood models.

One of the panelits Ms Jaya Awasthi, Head and Principal COE on Skills and Livelihood with the Confederation of Indian Industries (CII) empahised the need for brandimg of the MSMEs, better integration with industry stronger HR support as key to better employment and self entrepreneurship.

Mr Deepak Khattar, Director Business Sphere Magazine said that it was the MSMEs that were driving the GDP growth of the country, exports and employment, especially in rural India. He said that addressing the gaps between finance, skill and technology were the key to a successful employment generation ecosystem.
The tone for the engrossing and hugely relevant program had been set up Nishant Sharma,Additional Director Prayas Institute of Economics Empowerment who stated that the country's demographic strength must translate into livelihoods in which MSMEs played a huge role but there were gaps between the industry linkages and policy convergence that must be addressed.
Speaking as the expert from the ILO, Ms Bharti Birla, Enterprise Development Specialist asserted that MSMEs were providing 66 per cent jobs globally but most of it remained informal. She said that finance access, apprenticeships and inclusion of women and youth were the key to getting desired results.

Supporting her Ms Mamta Gandhi, Senior Consultant RBI said that strengthening credit flow, cluster finance, and positive government schemes were helping MSMEs to grow.
Striking a discordant note, Mr Vikas Pal, CEO Aranya Advertising and Startup stories said that everyone talked only of sucess stories but stories of failures of a large number of startups creating mental stress and depression among the youth was never talked about.
Mr Nadeem Akhtar, representing AV Baliga Turst said that NGOs must go beyond vocational training to provide entrepreneurship and life skills for sustainable MSME growth.
Ms Gargi, from UNICEF said that low awareness about government schemes and opportunities in states like Bihar limited the options for MSMEs in providing employment opportunities and this gap must be filled up.
Having listened to all the speakers patiently for over two houurs Mr RK Rai, Additional Development Commissioner, Ministry of Micro , Small and Medium Enterprises (MSME) explained that a proper registration with the MSME Ministry was the magic key to most of the problems raised at the convention. He said that low grassroot awareness called for stronger outreach and collaborations.

Prayas JAC Society

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30/04/2026

Mr R.K.Rai,Additional Development Commissioner,Govt of India,MSME speaking at the Discussion on 'India Habitat Centre' on 29th April 2026.

30/04/2026

Mr Deepak Khattar,Editor,Business Sphere Speaking at the discussion on Strengthening the Role of MSMEs in Generating Sustainable Employment for Skilled Youth in India at India Habitat Centre on 29th April 2026 with Business Sphere being the Knowledge Partner.
Mr R.K .Rai ,Additional Development Commissioner ,MSME.while addressing said PM Vishwakarma Scheme supporting Traditional Artisans & Workers & CGTSME scheme providing Collateral Free Loans have been very successful in implementation.Miss Jaya Awasthi,Head-Skill Development & Policy Advocacy ,CII(Confederation of Indian Industry) also gave her Views on the Occasion.

30/04/2026

Shri Amod Kanth,Founder & Mentor ,Prayas JAC society,Shri R.K.Rai,Additional Development Commissioner,MSME,Govt. Of India,Miss Jaya Awasthi,Head-Skill Development & Policy Advocacy,CII addressing the audience at Convlave - 'Strengthening the Role of MSME's in generating Sustainable Employment for Skilled Youth in India on 29th April at 2026 in India Habitat Centre.

Prayas JAC Society

30/04/2026

Shri Amod Kanth,Founder Prayas JAC Society speaking at the Conclave 'Strengthening the Role of MSME's in Generating Sustainable Employment for Skilled Youth in India.' at India Habitat Centre on 29th April 2026 with Business Sphere being the Knowledge Partner.

Prayas JAC Society

25/04/2026

PREMIER

Premier Irrigation Adritec Rebrands as Premier Irrigation Technologies, to Reflect Tech-Led Vision, Sustainability Focus
In New Delhi, April 20, 2026:

Premier Irrigation Adritec, a long-standing player in India’s irrigation sector, has announced its rebranding to Premier Irrigation Technologies Private Limited, marking the end of its joint venture phase and the beginning of an independent growth journey.
With over six decades of experience, the company’s new identity reflects a broader vision—expanding beyond traditional irrigation into technology-led water management and allied sectors. The rebrand includes a new logo and positioning aimed at strengthening its relevance across both domestic and global markets.
At the core of the new identity is the concept of water as a driver of life and growth. The redesigned logo, shaped as a continuous droplet, represents continuity, connectivity, and scalability across applications—from small farms to large agricultural enterprises.
“Our vision is to harmonize people, land, and water through modern, scalable solutions,” said Shrikant Goenka, Managing Director, Premier Irrigation Technologies. “We are focused on advancing sustainable water management while supporting farmer prosperity and environmental balance.”
As part of its sustainability roadmap, the company has committed to planting 100 trees in every district where it operates. It is also strengthening its capabilities in smart irrigation, digital agriculture, and data-driven water management solutions.
The rebranding further signals Premier’s intent to diversify into adjacent sectors, positioning itself as a technology-led solutions provider for agriculture, infrastructure, and environmental sustainability.

Founded in 1965, Premier has played a key role in shaping India’s irrigation ecosystem. With this transition, the company aims to build on its legacy while aligning with future demands of efficiency, sustainability, and innovation. Premier Irrigation Technologies Private Limited

Premier is a technology-driven water management company focused on enabling sustainable growth across agriculture and allied sectors. With a legacy spanning over 60 years, the company delivers solutions that empower farmers, improve resource efficiency, and contribute to environmental resilience.
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