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<ul><li>The top 10 states contribute a substantial 85.2% to the <keyword id="1959744" type="General" weightage="20" keywordseo="gross-loan-portfolio" source="Orion">gross loan portfolio</keyword> (GLP).</li><li>Average balance per borrower for Bihar, Tamil Nadu, and Uttar Pradesh were ₹27,200, ₹26,600, and ₹26,300 respectively.</li><li>The <keyword id="401725" type="General" weightage="20" keywordseo="microfinance-sector" source="Orion">microfinance sector</keyword> is predominantly dominated by the Eastern region, accounting for 32.7% of the market.</li></ul> As of March 2023, the microfinance sector has a total outstanding portfolio of ₹337.6 thousand crore, which reflects a 6.6% quarter-on-quarter (Q-o-Q) growth and a 17.9% year-on-year (Y-o-Y) growth. Non-banking financial companies (NBFCs) remain the dominant players in the market, holding a portfolio share of 37.3%, followed by banks at 33.1%, and small finance banks (SFBs) at 16.6%, according to the MicroLend, the quarterly publication on microfinance lending by credit Bureau CRIF Highmark. There has been an improvement in the PAR 30+ DPD (Portfolio at Risk with 30 or more days past due) from 3.8% in December 2022 to 2.2% in March 2023, the report adds. How the states performed The top 10 states contribute a substantial 85.2% to the <keyword id="6838489" type="General" weightage="20" keywordseo="gross-loan" source="Orion">gross loan</keyword> portfolio (GLP), with Bihar surpassing Tamil Nadu to become the leading state in terms of GLP. Uttar Pradesh, and Bihar have recorded the highest growth rates of 15.9%, 14.6%, and 13.5% respectively. When considering the average balance per borrower, Bihar, Tamil Nadu, and Uttar Pradesh have figures of ₹27,200, ₹26,600, and ₹26,300 respectively. The microfinance sector is predominantly dominated by the Eastern region, accounting for 32.7% of the market, closely followed by the Southern region at 27.0%. In terms of market concentration, NBFC microfinance institutions hold a significant share of 48.0% in the Central region, while SFBs have a concentration of 22.3% in the South. Portfolio ticket size growth The portfolio consisting of ticket sizes ranging from ₹50,000 to ₹75,000 has experienced a Y-oY growth of 40.3%, and a Q-o-Q growth of 12.2% as of March 2023. On the other hand, the portfolio with ticket sizes less than or equal to ₹15,000 has witnessed a Y-o-Y degrowth of 28.2% and a Q-o-Q degrowth of 16.2% during the same period. As of March 2023, loans falling in the ticket size range of ₹30,000 to ₹50,000 have the highest share in terms of both value and volume on a Y-oY basis, accounting for 47.5% and 45.4% respectively.

Bihar surpasses Tamil Nadu to top average borrower loans in the country

Over 40 Indians were killed and more than 50 others injured after a devastating fire broke out at dawn in a building housing around 195 migrant workers in southern <keyword id="20078631" type="General" weightage="20" keywordseo="Kuwait" source="keywords">Kuwait</keyword>'s Mangaf area, officials said on Wednesday. The total number of people killed in the Al-Mangaf building was 49 and 42 of them are learnt to be Indians; the remaining ones are Pakistani, Filipino, Egyptian and Nepali nationals, they said. Prime Minister Narendra Modi, who described the fire incident as "saddening", reviewed the situation arising out of it at a meeting with External Affairs Minister S Jaishankar, NSA Ajit Doval, Foreign Secretary Vinay Kwatra and Principal Secretary to the PM PK Mishra among others. An official statement said Modi expressed deep sorrow at the "unfortunate incident" and extended condolences to the families of the deceased. He also announced an ex-gratia relief of Rs 2 lakh to each of the families of the deceased Indian nationals from the Prime Minister's Relief Fund. Minister of State for External Affairs Kirti Vardhan Singh is urgently travelling to Kuwait following a direction from the prime minister primarily to oversee assistance to Indians injured in the fire and to ensure early repatriation of mortal remains of those killed. The official statement said Modi wished speedy recovery of those injured and directed that the government of India should extend all possible assistance. "The fire mishap in Kuwait City is saddening. My thoughts are with all those who have lost their near and dear ones. I pray that the injured recover at the earliest. The <keyword id="19949899" type="General" weightage="20" keywordseo="Indian-Embassy" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian Embassy" meta.hostid="83" meta.entityid="Indian Embassy">Indian Embassy</keyword> in Kuwait is closely monitoring the situation and working with the authorities there to assist the affected," Modi said on X earlier. Jaishankar also expressed deep shock over the incident and said the Indian embassy in the Gulf nation will render the "fullest assistance" to all concerned. Officials said most of the Indian victims are from Kerala. The fire in Al-Mangaf building was reported to authorities in Al-Ahmadi governorate at 4.30 am and most of the deaths were due to smoke inhalation, Kuwaiti media reported, adding the fire started in a kitchen. Kuwait's Interior Ministry in a statement confirmed that the death toll reached 49. "Deeply shocked by the news of the fire incident in Kuwait city. There are reportedly over 40 deaths and over 50 have been hospitalized. Our Ambassador has gone to the camp. We are awaiting further information," Jaishankar said on X. "Deepest condolences to the families of those who tragically lost their lives. Wish early and full recovery to those who have been injured," he said. Indian ambassador to Kuwait Adarsh Swaika visited several hospitals including where the injured have been admitted. Construction firm NBTC group rented the building for stay of more than 195 workers, most of them Indians from Kerala, Tamil Nadu and northern states, the Kuwaiti media said. The NBTC group is partly owned by an Indian, officials said. Kuwait's Interior Ministry said criminal evidence department personnel are currently working on identifying the victims and revealing the cause of the fire. It said strict measures will be taken against building owners who violate laid down norms. "Unfortunately, we received a report of a fire at... exactly 6:00 am (0300 GMT) in the Mangaf area," Major General Eid Al-Owaihan, head of the interior ministry's General Department of Criminal Evidence said. Kuwait's health ministry said the injured were admitted to several hospitals, with 21 of them sent to Al-Adan Hospital, six to Farwaniya hospital, one to Al-Amiri and 11 to Mubarak hospital. Officials in Delhi said officials from the Indian embassy are going to the hospitals where the victims were taken to. The number of deaths and injured people will be known after they get the details, one of the officials said. "Amb @AdarshSwaika visited the Al-Adan hospital where over 30 Indian workers injured in today's fire incident have been admitted. He met a number of patients and assured them of full assistance from the Embassy," the Indian embassy said on 'X'. "Almost all are reported to be stable by hospital authorities," it said. Indian ambassador Swaika also visited the site of the fire. The Indian embassy said it is in touch with Kuwaiti law enforcement authorities, fire service and health department for necessary action. Interior minister of Kuwait Sheikh Fahad Al-Yousuf Al-Sabah ordered an investigation into the fire incident and issued directions to apprehend the owner and janitor of Al-Mangaf building. "What happened today is a result of the greed of the company and building owners," Al-Sabah was quoted as saying by Kuwait Times Kuwaiti authorities have started an investigation into the fire. Kuwait's Deputy Prime Minister Sheikh Fahad Yusuf Saud Al-Sabah visited the site of the fire and blamed violations of norms and greed by the real estate owners for the incident, reports from Kuwaiti said. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/ixigo-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110944526.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/ixigo-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110944526.cms" target="_blank">Ixigo IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/webstories/xiaomi-14-civi-vs-oneplus-12r-which-affordable-flagship-should-you-buy/slidelist/110939370.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/xiaomi-14-civi-vs-oneplus-12r-which-affordable-flagship-should-you-buy/slidelist/110939370.cms" target="_blank">Xiaomi 14 CIVI vs OnePlus 12R – which affordable flagship should you buy?</a><a href="https://www.businessinsider.in/tech/news/elon-musk-hits-out-at-apples-partnership-with-openai-threatens-to-ban-apple-devices/articleshow/110902477.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/elon-musk-hits-out-at-apples-partnership-with-openai-threatens-to-ban-apple-devices/articleshow/110902477.cms" target="_blank">Elon Musk hits out at Apple’s partnership with OpenAI, threatens to ban Apple devices</a>

Over 40 Indians among 49 killed in devastating fire in southern Kuwait

Around 40 per cent of Indians surveyed have been defrauded when shopping online during the festive season, finds a study. The study was conducted by The Harris Poll on behalf of <keyword id="179697" type="General" weightage="80" keywordseo="norton" source="Orion">Norton</keyword>, a global leader in Cyber safety, which released the Indian findings that explored attitudes toward cyber security and online shopping during the festive season. According to the findings, two-thirds of Indian adults surveyed were concerned about their personal details being compromised (78 per cent), being defrauded by a third-party retailer (77 per cent), buying or receiving a refurbished device as a gift (72 per cent), and a device they receive as a gift being hacked (69 per cent). "Recently, there has been an increase in the number of online shoppers, and with that the rise in online shopping scams, gift card frauds, postal delivery frauds," said <keyword id="2022067" type="General" weightage="50" keywordseo="ritesh-chopra" source="Orion">Ritesh Chopra</keyword>, Norton Director India and <keyword id="497507" type="General" weightage="80" keywordseo="saarc-countries" source="Orion">SAARC Countries</keyword> at NortonLifeLock. About 78 per cent of Indian adults surveyed agree that spending time online via their connected devices helps them feel more connected during the festive season, and 74 per cent say that it helps their mental well-being. Sixty-five per cent of Indian adults say their mental well-being would suffer if they could not access their connected devices during the festive season, the report mentioned. "Our Norton report also suggests that many Indian adults have been defrauded while doing online shopping, the average loss of those surveyed is Rs 6,216," he added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/heavy-rains-lashed-tamil-nadu-leading-to-school-closures-and-massive-traffic-jams/articleshow/95224686.cms">Heavy rains lashed Tamil Nadu leading to school closures and massive traffic jams</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/alcohol-loving-monkey-in-rae-bareli-steals-liquor-creates-nuisance-for-vendors/articleshow/95225962.cms">Alcohol loving monkey in Rae Bareli steals liquor, creates nuisance for vendors</a>

40% of Indian online shoppers surveyed said they were defrauded this festive season

<ul><li>Lockdown 4.0 has relaxed guidelines for all but 12 districts across Tamil Nadu — including the state capital for Chennai. </li><li>Transportation will be allowed in the other 25 districts in the state with special buses and a limited number of people per car. Taxis and cabs will only be allowed for essential services. </li><li>Industrial units across Tamil Nadu, expect within Chennai’s city limits, will also be allowed to start up again. </li></ul>The lockdown has been extended with relaxed guidelines till May 31 in Tamil Nadu, but 12 districts — including Chennai — will still have to strictly adhere to measures that were announced during the third phase. List of districts that will see no relaxations during Lockdown 4.0: <ol><li>Chennai </li><li>Kancheepuram </li><li>Thiruvallur </li><li>Chengalpattu </li><li>Villupuram </li><li>Cuddalore </li><li>Ranipet </li><li>Thirupattur </li><li>Kallakurichi </li><li>Thiruvannamalai </li><li>Ariyalur </li><li>Perambalur </li></ol>List of relaxations for other districts in Tamil Nadu For the other 25 districts in the state, transportation is going to open up but remain restricted to travel within the district, according to Tamil Nadu chief minister K Palaniswami. He announced that people who wish to commute will no longer need a TN e-pass, which gives individuals permission for travel. Special buses will be provided by the government or by individual companies to help employees travel to-and-from work. However, they may only carry 20 people at a time. For vans, the capacity is restricted to 7 people at a time. Aside from an Innova — where 3 people aside from the driver as allowed — only 2 additional people can travel in other cars. Cabs and taxi service have also resumed, however only for essential, emergency and agricultural purposes. The government has urged the public at large to not abuse the services for non-essential use. Industry opens up Aside from Chennai, industrial units across Tamil Nadu are now allowed to resume operations — even if they’re located outside of Special Economic Zones (SEZs). Companies that have less than 50 employees on their payroll can start up with 100% of their workforce. Likewise, those employing workers under the Mahatma Gandhi Rural Employment Guarantee Act (MGREGA) can also move ahead with 100% of their workforce. However, other units can’t have more than 100 employees coming into work at a time. All district collectors have been instructed to strictly follow the Standard Operating Procedures laid down by the government as long as the lockdown is in place. Nationwide lockdown restrictions that apply to Tamil Nadu during Lockdown 4.0 <ul><li>Containment zones will not be changed and existing restrictions will continue in those areas. </li><li>Schools, colleges, coaching centres and all educational institutions will remain shut. However, Palaniswami has allowed the evaluation of the Class 12 board exams to commence. </li><li>No train or air passenger services will be allowed aside from special trains and flights meant for transporting migrant workers after getting approval from both, the state and central government. </li><li>Temples, mosques, churches and all other places of religious worship will remain shut. </li><li>Theatres, liquor bars, gyms, tourist destinations, museums, public swimming pools, stadiums, and other areas of public gathering will remain closed. </li><li>There will no ‘special’ permission for any kind of public events — including religious gatherings, political and cultural programs, and processions — by the police or any other authority. </li><li>Autos, cycle rickshaws, metro rail, and local electric trains will not be allowed to operate. </li><li>Hotels, resorts and lodges will remain closed, except for those accommodating frontline workers of the coronavirus pandemic. </li><li>Existing restrictions will continue for people participating in funerals and marriages across the state. </li><li>Tourist locations will also remain shut. </li></ul>SEE ALSO:<a href="https://www.businessinsider.in/india/news/checkout-what-type-of-activity-allowed-and-not-allowed-in-punjab-during-lockdown-4-0/articleshow/75819169.cms">Punjab lockdown guidelines till May 31 — Shops, salons, offices and banks to resume operations</a><a href="https://www.businessinsider.in/india/news/telangana-lockdown-4-0-guidelines-what-is-allowed-and-what-is-not-allowed-during-this-lockdown/articleshow/75821535.cms">Telangana has allowed these activities during lockdown 4.0</a>

Tamil Nadu eases guidelines for lockdown 4.0 but not for Chennai — here's a list of activities allowed

The <keyword id="6355166" type="General" weightage="50" keywordseo="india-meteorological-department" source="Orion">India Meteorological Department</keyword> (<keyword id="6366970" type="General" weightage="80" keywordseo="imd" source="Orion">IMD</keyword>) has predicted isolated <keyword id="13195" type="General" weightage="20" keywordseo="Rain" source="Orion">rain</keyword> with thunderstorms in many parts of <keyword id="20154" type="General" weightage="100" keywordseo="tamil-nadu" source="Orion">Tamil Nadu</keyword> from Monday to Thursday. Meanwhile, heavy rain is likely to lash <keyword id="243513" type="General" weightage="80" keywordseo="kanniyakumari" source="Orion">Kanniyakumari</keyword>, Tirunelveli, Tenkasi, Theni, Erode, Nilgiris, Dharmapuri, and Salem districts. The IMD said that a cyclonic circulation over Tamil Nadu is the reason for the widespread rain in the state. Winds at a speed of 40-50 kph are likely to prevail over the Comorin area, Gulf of Mannar, South Tamil Nadu coast, and South West Bay of Bengal. On Tuesday, heavy to very heavy rains are likely to occur at isolated places over Kanniyakumari, Thoothukudi, Tenkasi, Nilgiris, Salem, Cuddalore, Dharmapuri, <keyword id="166382" type="General" weightage="50" keywordseo="tiruchirapalli" source="Orion">Tiruchirapalli</keyword> districts. Heavy rain is also likely in Virudhunagar, Theni, Dindigul, Namakkal, Vellore, Krishnagiri, and Ariyalur. The IMD has warned fishermen against venturing into the sea. Farmers are also worried as heavy rains would destroy the Kuruvai crops in the delta districts of <keyword id="259057" type="General" weightage="50" keywordseo="tiruvarur" source="Orion">Tiruvarur</keyword> and Thanjavur. However moderate rains are good for Kuruvai crops. Heavy rain in the past two days have led to water logging in <keyword id="6361828" type="General" weightage="50" keywordseo="coimbatore" source="Orion">Coimbatore</keyword> and Madurai. Sky condition is likely to be partly cloudy in Chennai with temperatures ranging from 27 degrees to 35 degrees Celsius.

IMD predicts rain in Tamil Nadu from Monday till Thursday

<ul><li>With ₹2,204 crores, <keyword id="194006" type="General" weightage="20" keywordseo="tata-technologies" source="Orion">Tata Technologies</keyword> to transform 71 <keyword id="127247" type="General" weightage="20" keywordseo="itis" source="Orion">ITIs</keyword>.</li><li>The transformation aims to give modern infrastructure and training facilities to meet the industry 4.0 standards.</li><li>Tata Technologies has collaborated with the <keyword id="20154" type="General" weightage="20" keywordseo="tamil-nadu" source="Orion">Tamil Nadu</keyword> government and 20 global industry partners to implement this project.</li></ul>The Tamil Nadu government and Tata Technologies Ltd have signed a five year agreement to transform 71 of the former's Industrial Training Institutes (ITI) into technology centres at an outlay of ₹ 2,204 crore. The revamped ITIs will have modern infrastructure and training facilities to meet the industry 4.0 standards. Along with the technology transformation of the ITIs, Tata Technologies will also be providing industrial support for trainers' training and ensuring maintenance of the new set-up, the company said. Tata Technologies is collaborating with the Tamil Nadu government and 20 global industry partners to implement this project by upgrading the overall facilities of these 71 technology centres, developing an Industry 4.0 course curriculum, conducting training programs, and providing equipment and software support at the new centres. "The industrial sector has always taken the center-stage in the economic development of Tamil Nadu as we host manufacturing facilities of several global OEMs. The collaboration with Tata Technologies is an effort to bridge the gap between demand and supply of skilled workforce requirements of the manufacturing industry," Chief Minister M.K. Stalin said. "The industrial ecosystem and its requirements have changed significantly over the last few years with a digital-first approach. To keep pace with these evolving technological trends and transition towards Industry 4.0, industries and manufacturers seek a skilled workforce with relevant expertise and experience," Subramanian Ramadorai, Chairman, Tata Technologies said. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/how-to-use-live-text-in-a-video-on-iphone/articleshow/92203366.cms">iOS 16: How to use Live Text in a video on iPhone</a> <a href="https://www.businessinsider.in/tech/enterprise/news/how-to-secure-cyber-attacks-on-supply-chain/articleshow/92202384.cms">Cyber breaches on supply chain are growing 37% every year - how to secure it against attackers</a>

Tata Technologies to help upgrade 71 ITIs in Tamil Nadu

The state government has decided to impose additional restrictions to curb the spread of COVID-19 virus in the state. In the last 24 hours, the state has seen 14,842 new COVID-19 cases, 9,142 recoveries and 80 deaths. Active coronavirus cases in Tamil Nadu now stands at over a lakh. The state government had recently announced several restrictions, including night curfew, ban on tourists at the hill stations and total lockdown on Sundays with essential services exempted. All that is open for business You can order in or take away food from restaurants at specified times. Food delivery from hotels/restaurants between 6 a.m. and 10 am, 12 noon and 3 pm, and 6 pm and 9 pm, according to IANS. No more than 50 people are allowed to gather at weddings and the maximum number of people allowed at funerals is 25. Technology services companies like <keyword id="6357150" type="ORGANIZATION" weightage="20" keywordseo="tcs">TCS</keyword>, <keyword id="6354512" type="COMPANY" weightage="20" keywordseo="Infosys">Infosys</keyword>, <keyword id="6370971" type="ORGANIZATION" weightage="20" keywordseo="accenture">Accenture</keyword> and others have been ordered to have at least 50% of their employees working from home. Continuous process industries are allowed to operate. These include units that are manufacturing medicines, sanitation materials, oxygen, and medical devices. Those who are into food processing including food for poultry, pets and animal husbandry are allowed to be open. Textiles and their raw material components, intermediates; units engaged in production of agricultural inputs including fertilisers, agricultural machinery and components can also remain open. All that will be shut Vegetable/meat/fish shops, movie theatres, shopping malls and commercial establishments will remain closed. Golf courses, tennis clubs and sports training academies will remain for shut for everyone except for national and international players who want to train. If you are going to Tamil Nadu, you need an E-pass. Starting monday, a maximum of three passengers are allowed to travel in taxis. Auto rickshaws can't carry more than two people at a time. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/covid-19-pandemic-has-thrown-the-spotlight-on-a-five-year-old-startup-with-emergency-ambulance-service/articleshow/82229745.cms">COVID-19 pandemic has thrown the spotlight on a five-year old startup with emergency ambulance service⁠</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indias-choked-and-chided-doctors-nurses-and-health-workers-are-also-crying-for-help/articleshow/82215106.cms">India's choked and chided doctors, nurses and health workers are also crying for help</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/india-covid-19-first-wave-versus-second-wave/articleshow/82216963.cms">'We're in a much better situation' claims India's Principal Scientific Advisor as the COVID-19 claims more lives than ever before</a>

Tamil Nadu COVID restrictions — what's open and what's shut

Timeshare resort major <keyword id="161607" type="General" weightage="20" keywordseo="mahindra-holidays-resorts-india-ltd" source="Orion">Mahindra Holidays &amp; Resorts India Ltd</keyword> closed the second quarter of FY23 with a lower net profit on a higher income. According to the company, for Q2FY23 it logged a profit of about Rs 30.90 crore (Q2FY22 profit of about Rs 40.55 crore) on an operational revenue of about Rs 283.60 crore (Rs 237.66 crore). The company's total expenditure for the period under review went up by about Rs 49.75 crore during Q2FY23 as compared to the same period the previous year. The company's Board that met on Wednesday also decided to shift the registered office from <keyword id="20154" type="General" weightage="80" keywordseo="tamil-nadu" source="Orion">Tamil Nadu</keyword> to <keyword id="13126" type="General" weightage="20" keywordseo="Maharashtra" source="Orion">Maharashtra</keyword> and the alteration to the <keyword id="251761" type="General" weightage="80" keywordseo="memorandum-of-association" source="Orion">Memorandum of Association</keyword> subject to the approval of the shareholders and the central government. The company's scrip after opening at Rs 286.15 went down and was changing hands at about Rs 279 per share. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/electric-mobility-platform-moeving-raises-2-5-million-from-jsw-ventures/articleshow/95252790.cms">Electric mobility platform MoEving raises $2.5 million from JSW Ventures</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/reliance-capital-bidders-flag-off-multiple-legal-issues-involving-rs-20000-crore-liability/articleshow/95248934.cms">Reliance Capital bidders flag off multiple legal issues involving Rs 20,000 crore liability</a>

You Searched For "tamil nadu lockdown 40" and got 8 results

Bihar surpasses Tamil Nadu to top average borrower loans in the country

Anagh Pal

Over 40 Indians among 49 killed in devastating fire in southern Kuwait

PTI

40% of Indian online shoppers surveyed said they were defrauded this festive season

IANS

Tamil Nadu eases guidelines for lockdown 4.0 but not for Chennai — here's a list of activities allowed

Prabhjote Gill

IMD predicts rain in Tamil Nadu from Monday till Thursday

IANS

Tata Technologies to help upgrade 71 ITIs in Tamil Nadu

IANS

Tamil Nadu COVID restrictions — what's open and what's shut

BI India Bureau

Mahindra Holiday & Resorts books lower net in Q2 shares down

IANS

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