IIFL Finance Gets Approval to Open Branches in J&K

27 May 2025 CW Team

IIFL Finance Limited, a leading retail-focused non-banking financial company (NBFC), has received regulatory approval to open branches in the Union Territory of Jammu & Kashmir. The expansion is aimed at promoting financial inclusion in unbanked and underbanked areas, particularly those affected by livelihood disruptions.

This move aligns with the company’s broader mission of delivering formal credit access to underserved communities. IIFL plans to offer tailored credit solutions to help revive small businesses and support households in the region. The expansion also complements IIFL’s long-standing Corporate Social Responsibility (CSR) efforts in Jammu & Kashmir.

Through the IIFL Foundation, the company has been active in community initiatives such as education, healthcare, and skill development in Kupwara, Baramulla, and Srinagar. Collaborations with the Indian Army have enabled skill-building programmes benefiting over three hundred local youth across retail, hospitality, and digital trades. Recently, the foundation also donated an ambulance to the remote Lolab Valley.

With over eight million customers and a network of more than 4,900 branches, IIFL Finance continues to strengthen its footprint across India by combining physical reach with digital access.

Source:Press release issued by IIFL Finance Limited

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..