Tag: IDFC First Bank

  • NSE launches Ideabaaz to fuel India’s startup dreams and entrepreneurial spirit

    NSE launches Ideabaaz to fuel India’s startup dreams and entrepreneurial spirit

    MUMBAI: If stock markets run on bulls and bears, India’s newest marketplace is running on ideas. At the National Stock Exchange (NSE), where fortunes rise and fall by the tick, Ideabaaz, the country’s first integrated startup-investor marketplace and entrepreneurial reality show was officially launched, promising to turn kitchen-table dreams into boardroom deals.

    Ideabaaz pitches itself as more than just another startup show. It combines investor matchmaking, mentorship, professional services, and transparent tracking, all with a strong focus on growing Indian cities. Its mission: to empower a billion dreams and turbocharge India’s economic engine.

    “This is not just about entertainment,” emphasised the team. “It’s about access to capital, to mentors, to opportunities that were once out of reach for small-town innovators.”

    For Della Town founder & CME Jimmy Mistry  the platform resonated with his vision of building “Brand India” on the global stage. “When Subhash showed me the idea of Ideabaaz, he knew how much social impact and brand India meant to me. At Della Township, we’re building the world’s first self-generating townships. My dream is to create India’s first global metal luxury brand something that hasn’t happened in 78 years of our freedom.”

    Mistry called Ideabaaz a movement as irreversible as globalisation in the ’90s, “Every family in India should have one member aspiring to be part of the startup ecosystem. With Ideabaaz, the exponential growth in startups could be 10x. India will never be the same again.”

    Sharrp Ventures managing partner, Rishabh Mariwala praised the grit behind the show itself. “I wouldn’t have imagined something like Ideabaaz happening at NSE. But here we are, it started as an idea, and today it’s a reality. In venture capital, we invest in founders, and what I’ve seen here is grit and determination. From a seed stage, this idea has gone on to an IPO. That’s timeless.”

    He also tipped his hat to the unsung backstage crew: “The titans get the praise, but the team Raj, Mudit, Jeet, Kailash are the heroes. Two years of hard work made this happen.”

    IDFC First Bank head of retail liabilities Ashish Singh spelt out why it was backing the platform financially. “At IDFC First Bank, we believe India’s true strength lies in the aspirations of ordinary men and women with extraordinary dreams. Ideabaaz gives middle-class Indians with ideas the wings to fly. For us, it’s not just about banking, we don’t just provide banking, we provide belief.”

    He laid out how the bank plans to power entrepreneurs “from idea to enterprise”: “Through zero-balance current accounts, digital-first cash management, lending products and an ecosystem of mentors and investors, we want to walk with startups from the earliest stage. Together, we’re not just launching a programme, we’re unlocking the Bharat of our dreams.”

    Adding glamour to grit was Wizcraft co-founder & director Sabbas Joseph who joined as an investor and mentor. His presence underlined the show’s crossover appeal, blending entrepreneurial drama with real-world impact.

    The launch also welcomed IIT Madras Research Foundation CEO Madhav Narayan who brings decades of global tech leadership to the startup fold, and Devostat, global CEO Venkat Raju known for incubating ventures in AI, fintech, healthtech and EVs.

    Rounding out the ecosystem voice was ISBA (Indian STEPs and Business Incubators Association) CEO Prasad Menon who reminded the gathering that: “In India there has never been a deficit of ideas, nor of money. The deficit has been of empathy and compassion. Incubators, like Ideabaaz, exist to bridge that gap. We’re not-for-profit, we’re enablers and when the intent is strong, success is inevitable.”

    From luxury brands to self-generating townships, from Tier 3 innovators to legacy business leaders, the voices at NSE agreed on one thing: Ideabaaz is not just a show, but a movement.

    The platform hopes to democratise entrepreneurship in a way that India has never seen before. As Jimmy Mistry put it, the herd will follow once the first few succeed and Ideabaaz wants to ensure the runway is long enough for everyone to sprint.

    Liberty Shoes executive director Anupam Bansal admitted his initial hesitation, “When Raj (Nayak) first called me about Ideabaaz, I was nervous. We’re real businesspeople, not actors. But when I came to the show, I saw it was about real people and real startups.”

    He added, “Coming from a legacy business, I’ve learnt so much from the youth here, their innovation, their energy. We’ve even started collaborating with engineering institutes thanks to the ideas sparked. Supporting the ‘Made in India’ ecosystem is an honour. Our campaign ‘Mera Joota Hindustani’ aligns perfectly with this spirit.”

    Perhaps the most heartfelt reflection came from V3 Ventures co-founder & managing partner Arjun Vaidya who said: “When I returned to India in 2013, the dream was to leave. Today, the dream is to build here. In 2016, only 500 startups were funded annually. I myself pitched to 75 investors and failed every single time. That’s why platforms like Ideabaaz matter, they give founders validation, not just valuation.

    He recalled a standout moment, “On the show, we saw the largest deal in Indian TV history. But the best moment for me was when a founder’s mother quietly sat in the audience, then broke down in tears as her son won a deal. That’s what entrepreneurship is, it’s about families, sacrifices, and dreams taking flight.”

    The tagline of Ideabaaz “Idea aapka, paisa hamara” summed up the mood. For some, it was about investments. For others, mentorship. For all, it was about creating a democratic platform where every founder, from a village kitchen innovator to a tech disruptor, could showcase their vision.

    As Arjun Vaidya aptly put it, “Entrepreneurship is India’s new cricket, and founders are the new rockstars. Actors and athletes get fame, but every founder is putting in 14-hour days whether they’re doing Rs five lakh, Rs 50 lakh or Rs five crore a month. Ideabaaz finally gives them a stage.”

    The launch at NSE wasn’t just a ceremonial ribbon-cutting, it was a statement. India is no longer content with being a land of job seekers; it is a nation of job creators.

    With Ideabaaz, the bell has been rung. Now, it’s time to see which startups echo loudest across India’s entrepreneurial corridors.

  • GST set to star as Network18 reloads reforms with economic power summit

    GST set to star as Network18 reloads reforms with economic power summit

    MUMBAI: When it comes to India’s growth story, the script is being rewritten and Network18 is handing the nation a sneak peek. On 22 September 2025, Delhi will host Reforms Reloaded 2025, a high-impact summit designed to unpack the country’s most pressing economic questions. With GST 2.0, Aatmanirbharta, Make in India, and Vision 2030 taking centre stage, the event promises to bring together the sharpest minds from government, industry, and diplomacy to map India’s next big leap.

    The summit will feature sector-specific dialogues on how the latest GST reforms are reshaping industries from manufacturing and e-commerce to services and hospitality. At the same time, big-picture conversations will tackle themes like public relief, governance, and international cooperation.
    A star-studded line-up

    Network18 has assembled a heavyweight speaker list that reads like India’s economic Avengers. Among those taking the stage are:

    ●    V. Anantha Nageswaran, chief economic advisor, GoI

    ●    Rajesh Kumar Singh, IAS, defence secretary of India

    ●    Arunish Chawla, secretary, DIPAM

    ●    Ambassador Anil Sooklal, South African high commissioner to India

    ●    Benedikt Höskuldsson, ambassador of Iceland to India

    ●    Kimmo Lähdevirta, ambassador of Finland to India

    ●    Amitabh Kant, ex-G20 sherpa & former CEO, NITI Aayog

    ●    Rajiv Memani, president, CII & chairman & CEO, EY India

    ●    V. Vaidyanathan, MD & CEO, IDFC First Bank

    ●    Santosh Iyer, MD & CEO, Mercedes-Benz India

    ●    Nilesh Shah, MD, Kotak Mahindra Asset Management

    ●    Utpal Sheth, founder & mentor, Trust group

    ●    Atul Suri, CEO, Marathon Trends Advisory

    ●    Shashi Shekhar Vempati, co-founder, Deeptech for Bharat

    ●    Vivek Mishra, co-founder & CEO, Raphe Mphibr

    This eclectic mix of economists, policymakers, diplomats, and CEOs will explore everything from macro reforms to micro impact ensuring the conversation spans boardrooms, trading floors, and households alike.

    “Reforms Reloaded 2025 is a platform that brings together India’s top minds to discuss the next chapter of India’s economic journey,” said Network18 CEO for (broadcast) & MD, A+E Networks | TV18 Avinash Kaul. “Global shifts and tech disruption are transforming industries. This summit will highlight how inclusive reforms can empower a self-reliant India.”

    Echoing the sentiment Network18 group chief strategy officer Puneet Singhvi said: “The latest GST reforms have put the spotlight back on Make in India and Vision 2030. By uniting policymakers and business leaders, Reforms Reloaded will spark fresh thinking and deliver practical solutions to unlock opportunities across manufacturing, services, e-commerce, and beyond.”

    The day-long summit, starting 11:00 am onwards, will air live on Network18 channels, giving viewers a front-row seat to the ideas shaping India’s economic destiny. With GST spends and compliance challenges in focus, the summit aims to provide both vision and actionable roadmaps bridging policy intent with ground realities.

    For a nation chasing high growth while balancing global uncertainties, Reforms Reloaded 2025 promises not just a conversation but a compass: charting how India can move from reform to resilience, and from resilience to reinvention.

  • How Accurate Are Online Personal Loan EMI Calculators?

    How Accurate Are Online Personal Loan EMI Calculators?

    In today’s digital world, applying for a personal loan is quicker than ever. But before you commit to borrowing, it’s essential to know how much you’ll need to repay each month. This is where an EMI calculator becomes incredibly useful. It helps you get a quick estimate of your monthly payments, allowing you to budget better and plan your finances in advance.

    But how reliable are these online tools? Can you trust the results they provide? Let’s explore what goes into a personal loan calculator and how close it comes to real figures.

    Understanding What an EMI Calculator Does

    An EMI calculator is a free online tool that estimates your monthly Equated Monthly Instalment (EMI) based on three inputs—loan amount, interest rate, and tenure. Once you fill in these fields, it instantly shows how much you’ll need to pay every month to clear the loan over the selected time period.

    This helps you get clarity on affordability. Whether you’re borrowing for medical expenses, home renovation, or a planned purchase, knowing your potential EMI in advance keeps you informed and in control.

    What Makes a Personal Loan Calculator Useful?

    The following are key reasons to use personal loan:

    Instant Results

    One of the biggest advantages is speed. A personal loan calculator gives you results within seconds. You don’t have to manually work out formulas or estimate monthly payments—it does all the math for you.

    Transparent Planning

    It provides a full breakdown of your EMI, including the principal and interest components. You also get an idea of the total interest payable over the loan’s tenure. This allows you to compare loan terms and decide what works best for your budget.

    Helps with Comparison

    If you’re considering multiple offers, a calculator can help you compare them side by side. You can adjust interest rates and tenures to see how they affect your monthly outgo and total repayment.

    How Accurate Are These Tools?

    Most online personal loan calculators use a widely accepted formula to calculate EMIs. The accuracy depends on how closely your actual loan terms align with the values you input.

    EMI is calculated based on three key factors: the loan amount, the monthly interest rate (derived from the annual rate), and the loan tenure in months. For example, a ₹5,00,000 personal loan at 10.70% interest over 5 years results in an estimated EMI of around ₹10,829. Doing this math manually can be tedious and error-prone, which is why using an EMI calculator is a quicker and more reliable way to get accurate repayment estimates instantly.

    If the details you enter match the final loan offer you receive, then the EMI estimate will likely be very close to your actual repayment amount.

    Variables That Can Affect Accuracy

    While the tool itself is precise in calculation, it does not account for extra fees like processing charges, late payment penalties, or insurance costs that some loans might include. These hidden costs can affect the overall amount you pay, even if the EMI itself stays the same.

    Also, if the interest rate is floating or changes over time, the calculator won’t be able to predict those fluctuations; it works only with the values you enter at that moment. For a more detailed estimate, you can enter the details in the eligibility calculator on IDFC FIRST Bank’s website. You might also find that platforms like FIRSTmoney Instant Personal Loan offer integrated tools that provide more comprehensive insights, potentially factoring in these additional costs for a clearer overall picture of your loan liabilities.

    Conclusion

    An online EMI calculator is an effective way to estimate your monthly payments and get a better understanding of what a personal loan might look like. While the figures it provides are based on standard calculations and are generally accurate, the final numbers could vary slightly depending on the exact terms offered to you.

    To get the best results, make sure the inputs you provide, especially the interest rate and tenure—are realistic and as close to your loan offer as possible. Think of the calculator as a guide, not a guarantee. Used wisely, it can help you borrow with clarity and confidence.

  • iPhone 16e arrives in India with A18 chip & big offers

    iPhone 16e arrives in India with A18 chip & big offers

    The iPhone 16e has arrived, and Ingram Micro is making sure it’s more accessible than ever. With breakthrough battery life, the blazing-fast A18 chip, and a powerful 48MP 2-in-1 camera system, Apple’s latest innovation is now available at 7,200 plus retail locations across India backed by exciting bank offers, exchange deals, and easy loan options.

    For those looking to snap up the iPhone 16e at a steal, Ingram Micro is rolling out a Rs 4,000 cashback offer on ICICI Bank, Kotak Mahindra Bank, and SBI credit cards (EMI and non-EMI), as well as ICICI debit card EMI transactions. Additionally, the iPhone for Life plan allows ICICI Bank credit card holders to pay 75 per cent of the device cost over 24 months, with the remaining 25 per cent payable at the end of the term.

    Customers opting for loan financing can choose from Bajaj Finance Ltd, HDFC Bank, HDB Financial, ICICI Bank, IDFC FIRST Bank, and TVS Credit, offering flexible EMI plans such as 13 per cent-0-21 (24/3) and 0-0-18 (18/0), along with short-term loan options. Exchange deals sweeten the deal further, with a bonus of up to Rs 6,000 available on transactions made through bank cards, loans, or the iPhone for Life programme.

  • Kaun Banega Crorepati season 16 attracts top sponsors

    Kaun Banega Crorepati season 16 attracts top sponsors

    Mumbai: Kaun Banega Crorepati (KBC) continues to captivate audiences across India with its unique blend of knowledge, entertainment, and life-changing opportunities. As season 16 unfolds, the show’s enduring popularity is evident in the impressive lineup of top-tier sponsors it has attracted.

    With 12 sponsors onboarded there has been 100 per cent growth over the last year, Leading the way are ACKO and Aditya Birla Group as co-presenting sponsors, IDFC First Bank returns for the third consecutive year as the exclusive banking partner with Atomberg, Vimal and Sensodyne as co-powered sponsors, Veeba as the taste partner, Ultratech Cement and Kalyan Jewellers as partners. Raymond as the wardrobe partner, and Godrej Locks as the safety partner.

    The show’s innovative features, such as the real-time interactive KBC Play Along on Sony LIV, continue to enhance viewer engagement. The KBC Play Along feature allows audiences from across the globe to participate in real-time continues to offer advertisers unique and valuable opportunities to reach a highly engaged audience.

    KBC offers unique opportunities for deep and diverse in-show integrations. By embedding themselves within the show’s narrative, brands can forge meaningful connections with viewers and achieve measurable outcomes, making KBC a powerful platform for brand storytelling and engagement. 

    . ACKO: Partners with the KBC LIFELINES, leveraging contextual moments within the show to integrate the insurance category effectively.

    .  Aditya Birla Group: Sponsors the education of children equivalent to the number of questions asked, aligning with their corporate social responsibility.

    . IDFC First Bank: Acts as the banking partner with a presence across winning moments throughout the show.

    .  Atomberg Fans: First-time sponsor that rewards winners with hampers, enhancing the viewer experience.

    .  Sensodyne: Takes ownership of the “Expert Question of the Day” moment, aligning its brand with expertise and trust.

    .  Raymond: Onboarded as the wardrobe partner, contributes to the show’s style and presentation.

    .   RBI: Integrates the message “Jankar Baniye Satark Rahiye” within the bonus questions, promoting awareness and caution.

    .  Godrej Locks: Rewards contestants at the crucial ₹25 lakh “padav” and integrates their brand message around safety at the right moments.

    These points highlight how various brands are strategically integrating themselves within KBC, enhancing both their visibility and viewer engagement.

    The current season of KBC has already set new benchmarks for viewership and engagement.

    Kaun Banega Crorepati Season 16 is now streaming on Sony LIV, offering viewers and sponsors another season of extraordinary experiences.

    Sony LIV head ad sales revenue Ranjana Mangla said, “Large-scale reality shows like Kaun Banega Crorepati spanning across 142 days of activity (100 episodes) have finally been acknowledged to deliver value at scale in the digital ecosystem creating a paradigm shift in the market. Kaun Banega Crorepati stands as one of India’s most iconic shows, providing an unparalleled platform for brands to connect with audiences. We are thrilled to welcome esteemed 12 sponsors, whose commitment to KBC on Sony LIV  underscores the immense value of this collaboration. With growing advertiser interest, we are confident that KBC Season 16 will once again deliver exceptional benefits to both our viewers, sponsors and partners.”

    ACKO EVP marketing Ashish Mishra said, “KBC occupies an iconic position in the Indian reality show landscape, making ACKO’s decision to continue with our partnership a natural fit. The show’s widespread popularity across ACKO’s core target audience enhances the value of this collaboration. Additionally, we recognized a unique synergy between KBC’s lifelines and our insurance offerings. Just as lifelines offer crucial support to contestants, ACKO provides protection solutions for life’s uncertainties, spanning life, health, car, travel insurances and more.”

    Atomberg Technologies founding member & chief business officer Arindam Paul said, “As a home-grown Indian consumer durables brand started by two IIT-ians, being a co-sponsor of India’s leading entertainment show- Kaun Banega Crorepati, is a massive feat.  Atomberg has always been a brand that’s stood at the intersection of innovation and customer delight; solving unseen, unstated consumer problems, such as introducing energy efficient BLDC fans to India and more. KBC is a show driven by curiosity – as is our  brand, and so this seemed like an organic fit for us.”

  • ET NOW celebrates the spirit of entrepreneurship at the 11th Season of Leaders of Tomorrow Awards

    ET NOW celebrates the spirit of entrepreneurship at the 11th Season of Leaders of Tomorrow Awards

    Mumbai: ET NOW hosted the 11th Season of Leaders of Tomorrow Awards in New Delhi on Saturday, 13 January 2024. India’s largest entrepreneurship platform dedicated to empowering, enabling and celebrating the entrepreneurship spirit, Leaders of Tomorrow Awards in its latest edition themed, “Innovate to Elevate” emphasized the pivotal role of innovation in driving the success and progress of enterprises and the role it plays in driving India’s economic progress.

    Championing the success stories of India’s most innovative and resilient MSMEs and start-ups, Leaders of Tomorrow Awards recognized India’s most promising entrepreneurs and showcased upcoming and enterprising small businesses across 20 categories shortlisted through an exhaustive pan-India screening process and duly evaluated by an esteemed panel of jury (See Annexure for complete list of Winners and Jury Members). The selection process involved benchmarking across a range of quantitative and qualitative parameters such as Business Model, Innovation & Disruption, Clarity of Thought and Business Vision.

    Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, Textiles Piyush Goyal delivered the keynote address at the event on ‘Innovation as a Catalyst for Growth’ and felicitated the winners.

    Delivering the opening remarks, MK Anand, MD & CEO, Times Network CEO & MD MK Anand said, “For over a decade, Leaders of Tomorrow, India’s largest entrepreneurship platform has enabled and empowered the spirit of enterprise. Besides contributing to GDP and employment, SMEs, MSMEs and startups fortify the Industrial base through their pivotal role in economic cycles and supply chains. As we mark our latest edition, “Innovate to Elevate,” we proudly recognize 20 remarkable Entrepreneurs for their trailblazing products and ingenious strategies. These champions have not only shown resilience but an unwavering commitment to innovation. From pioneering revolutionary solutions to reshaping entire sectors, they are paving the way for sustainable economic growth on India’s path to being an Economic Superpower. We are thrilled to witness and cheer the rise of this new generation of entrepreneurs. I am confident that these Awards and our commitment to showcasing such entrepreneurial talent will continue to inspire countless individuals to script their own stories of entrepreneurial triumph.”

    Goyal said, “I congratulate ET Now for recognising and honouring India’s entrepreneurs and spirit of innovation. It is the only platform that recognises the unsung heroes, the leaders of tomorrow. There is great excitement about India globally. We are at the cusp of our nation’s history that will catapult India into a high growth economy. As we celebrate Swami Vivekananda’s birthday as National Youth Day, we must recall his call for action. He inspires every youth in the country. Earlier today, Prime Minister Narendra Modi inaugurated India’s longest Atal Sea Link bridge, which will transform Mumbai’s future. It has come up in record time due to PM’s vision and drive, and a state government aligned with it.”

    Goyal highlighted India’s pivotal position poised for transformative growth, stating, ‘India stands at a crucial juncture, ready to catapult into a $35 trillion economy in the next 24 years, marking an era of unprecedented growth.’ Goyal proudly pointed out Atal Setu, highlighting the collaborative efforts between the Modi government and the Maharashtra government, forming a double-engine government, and fostering self-sufficiency through Gati Shakti. Emphasising India’s stature not just as a large economy but a trusted one, he commended the global interest in investing, citing a meeting with a US investment house planning to double their $13 billion investment.

    During a fireside chat, IDFC FIRST BANK MD & CEO V. Vaidyanathan shared insights on the Indian economy and the transformative impact of digital infrastructure for Leaders of Tomorrow.  Regarding India’s digital infrastructure, Mr. Vaidyanathan expressed optimism, stating, “The impact cannot be overstated. With digital connectivity, including Aadhaar and Bharat’s optic network, India has achieved a remarkable feat, formalising the economy, notably for MSMEs. Over 100 million merchants now deal digitally through QR codes, facilitating trade and enabling micro-businesses. The optimistic MSME outlook stems from collective efforts of the government, RBI, and banks, coupled with robust asset quality, digitisation, and ongoing infrastructure investments, empowering micro-entrepreneurs in India.”

    A melting pot of Enterprising Visionaries, Start-up Gurus, Business Icons, Domain Experts, Next-Gen Entrepreneurs and Disruptors, the event witnessed a distinguished line-up of speakers. Leaders in the entrepreneurial space like Sanjeev Bikhchandani, Co-founder-Info Edge(Naukri.com, Jeevansathi.com, 99acres.com & more), Prasiddhi Singh, Founder-Prasiddhi Forest Foundation, Nav Agarwal, Founder- One Step Greener and Advait Thakur, Founder – Apex Infosys engaged in an inspiring panel discussion igniting the spirit of entrepreneurship.

    The ‘Leaders of Tomorrow’ Awardees are:

  • SugarBox’s Naarayan TV joins IDFC First Bank as CMO

    SugarBox’s Naarayan TV joins IDFC First Bank as CMO

    Mumbai: SugarBox’s marketing head Naarayan TV has joined IDFC First Bank as chief marketing officer (CMO), as per his LinkedIn profile.

    “As I begin my new innings at IDFC FIRST Bank in the marketing team, I feel energised at the opportunity to work with some of the best minds in the BFSI industry,” Naarayan wrote in a LinkedIn post.

    In his eight-month stint at SugarBox, Naarayan had set up the marketing and communications team across brand, digital, creative, PR and partnership marketing. “To my friends at SugarBox Networks and my incredibly talented marketing team, grateful to have worked with you. As always, I will cheer for your success,” he further said.

    In a career spanning over 16 years, Naarayan worked with companies like HSBC, Standard Chartered Bank and PayPal among others. He has completed B-Tech in civil engineering from Calicut University and an MBA in marketing from PSG Institute of Management.

  • Wondrlab ropes in Jateen Kore as digital head

    Wondrlab ropes in Jateen Kore as digital head

    MUMBAI: Martech start-up Wondrlab has appointed Jateen Kore as its digital head. He will be based in Mumbai and report to Wondrlab co-founder & managing partner – content platform Rakesh Hinduja.

    Kore joins from IDFC First Bank where he was the head – digital marketing. At Wondrlab, he has been tasked with setting up the digital practice and bringing forth the agency’s platform-first approach to help brands win on digital.

    “Jateen’s experience straddles the entire digital funnel; his key focus area is to apply a platform-first approach for our brands to win across social, performance marketing, influencer marketing, e-commerce and martech best practices. His diverse skill-set and deep understanding at top digital-first brands like Vodafone and IDFC First Bank will help us deliver tangible creative solutions to our client partners,” Hinduja said.

    “The opportunity to work with a dynamic start-up like Wondrlab is a great chance to augment my experience and contribute to the success of brands across categories. I completely believe in its platform-first strategy and I can contribute significantly to furthering their approach thanks to my digital-first experience. I look forward to an exciting and fruitful inning here,” Kore added.