Sodexo

Sodexo on Monday said it has joined hands with Adani to offer a comprehensive skill development programme for the youth in remote locations. The collaboration is aimed at skilling, training, and placement opportunities for the youth in remote locations, Sodexo said in a statement. The programme will pilot at Mundra and Bhuj in Gujarat comprising a batch of over 150 youth, it added. "Both organisations look forward to witnessing the positive transformation of the youth involved in the programme. "Based on the success of this initiative in Mundra and Bhuj, Adani Skill Development Centre intends to scale similar initiatives in more tier-II and III cities and remote locations with a target to upskill over 500 youth by 2024," Adani Skill Development Centre Operations Head Amitkumar Thakker said. Sodexo will lead the training initiative with the course module development, coaches and guides, on-the-job training and certification, while the Adani Skill Development Centre will recruit the

The Reserve Bank of India (RBI) has imposed a total fine of over Rs 5.78 crore on six entities, including PNB, Sodexo and PhonePe, for violating regulatory guidelines. In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the RBI has imposed monetary penalty on these entities for non-compliance of regulatory guidelines, it said in a release. Except Punjab National Bank (PNB), the remaining five entities are non-bank prepaid payment instrument (PPI) issuers. RBI imposes the penalty on Sodexo SVC India Pvt Ltd, Muthoot Vehicle & Asset Finance Ltd, QwikCilver Solutions Pvt Ltd, Phonepe Pvt Ltd, Delhi Metro Rail Corporation Ltd, and Punjab National Bank, said the release. Sodexo is slapped with the highest fine of Rs 2 crore; PNB and QwikCilver Solutions Rs 1 crore each; PhonePe Rs 1.39 crore; Muthoot Vehicle & Asset Finance Rs 34.55 lakh; and Delhi Metro Rail Corporation Rs 5 lakh.

It will use the funding to expand its business in the US, UK, Europe and Southeast Asia

Sodexo partners with Grofers to ease payment on delivery process