BUSINESS

06 Aug

ICICI Pru Life to partner with NPCI

editor0 CommentsBusiness, BUSINESS

Aiming to provide Unified Payments Interface (UPI) AUTOPAY facility to its customers, ICICI Prudential Life Insurance has tied up with the National Payments Corporation of India (NPCI). Customers can enable the UPI AUTOPAY feature on their favoured UPI apps such as Paytm, BHIM etc. This would enable customers to buy insurance policies and make premium payments from the safety and comfort of their homes. ICICI Prudential Life has become the first life insurance company to provide its customers with the UPI AUTOPAY facility as part of its efforts to simplify processes and thereby provide convenience to customers. At the time…

05 Aug

Sensex gives up gains after touching new high

editor0 CommentsBusiness, BUSINESS

The key Indian equity indices gave up gains on Thursday after touching record highs during the initial trade. The BSE Sensex touched a new high of 54,576.64, and the Nifty50 on the National Stock Exchange hit a record 16,294.65 points. Around 10.25 a.m, Sensex was trading at 54,284.73, lower by 85.04, or 0.16 per cent from its previous close of 54,369.77. It opened at 54,576.64 and has so far touched an intra-day low of 54,243.97 points. The Nifty50 on the National Stock Exchange was trading at 16,231.20, lower by 27.60 points or 0.17 per cent from its previous close. Analysts…

05 Aug

IndiGo launches special fares on 15 yr anniversary

editor0 CommentsBUSINESS, Business, India

To celebrate its 15 years of operations, airline major IndiGo on Wednesday announced a three-day special sale offering all-inclusive fares starting from Rs 915 on its domestic and international connections. Accordingly, the offer will be live from August 4-6, 2021 and will be applicable on travel between September 1, 2021 till March 26, 2022. “Additionally, the ‘6E’ add-ons including ‘Fast Forward, 6E Flex, 6E Bagport’ are being offered at Rs 315 while the ‘Car Rental’ service will start at Rs 315.”

03 Aug

Nissan India’s highest domestic wholesales

editor0 CommentsBusiness, BUSINESS

Nissan India experienced a wholesale of 4259 vehicles for July’21 for the domestic market. It is its highest monthly sales in the last 3 years on the strength of the successful launch of all-new Nissan Magnite. Exports of 3897 units came on the strength of addition of Nissan Magnite in the export markets. The all-new Nissan Magnite comes with the best ever, lowest-in-class maintenance cost with a warranty of 2 years (50,000kms). A pioneer in electric vehicles globally, Nissan recently launched the Nissan LEAF electric vehicle in Nepal, adding to the strength of its product portfolio after the successful launch…

03 Aug

HDFC Mutual Fund announces New Fund Offer

editor0 CommentsBusiness, BUSINESS

Investment Manager to the schemes of HDFC Mutual Fund, HDFC Asset Management Company Limited launched New Fund Offer (NFO) – HDFC NIFTY50 Equal Weight Index Fund. The NFO will open on August 4 and will close on August 13. The Fund will re-open for continuous sale and repurchase within 5 business days from the date of allotment of units under NFO. HDFC NIFTY50 Equal Weight Index Fund will aim to track the performance of constituents forming part of the parent index, the NIFTY 50 Index, where each company in the index shall be assigned equal weights as per the under…

31 Jul

Jewellery and investment demand to continue

editor0 CommentsBusiness, BUSINESS

World Gold Council’s latest Gold Demand Trends report revealed that consumer investment in gold increased in the second quarter of 2021 but some investors were less bullish. The two forces helped create a gold demand of 955.1t over the quarter, a 9% rise from Q1 2021, and in line with the equivalent period last year (960.5t). Consumer gold purchasing were positive between April and June. Bars and coins overwhelmingly bought by retail investors that witnessed a fourth consecutive quarter of year-on-year gains, with 243.8t purchased over the 3-month period. Meanwhile, consumers bought gold jewellery with a combined weight of 390.7t…

31 Jul

OPPO Reno6 5G sale starts from 29th July

editor0 CommentsBUSINESS, Business

After the successful launch of the Reno6 Pro 5G on 14th July, OPPO has announced the sale of OPPO Reno6 5G, starting from 29th July, on Flipkart and mainline retailers. OPPO Reno6 5G that features India’s first MediaTek dimensity 900 chipset with 8GB RAM, 128GB ROM and support for internal RAM expansion by OPPO. The new Reno flagship features OPPO’s exclusive Reno Glow design and five-layer gradient process. The sleek and stunning performance powerhouse is just 7.59mm thin and weighs only 182g while including 65W Super VOOC 2.0, which can charge its powerful 4300mAh battery to 100% in about 28…

30 Jul

Pepsi salutes Bravehearts of India

editor0 CommentsBusiness, BUSINESS

Beverage brand Pepsi launched a set of limited-edition cans and a heartwarming ode as homage to ‘SherShaah’ of Kargil, Captain Vikram Batra and many other bravehearts, who led India to victory during one of country’s toughest battles. The limited-edition cans are in rich hues of blue and gold featuring Pepsi’s iconic ‘Yeh Dil Maange More’ slogan which was immortalized by Capt. Vikram Batra. The valiant soldier had chosen this slogan to signify his mission’s success and with this latest tribute, Pepsi commemorates Capt. Batra and his team who eternalized the brand tagline and cemented it in Indian history. The limited-edition…

27 Jul

Vedanta’s net profit zooms to Rs 4,280 cr for Q1FY22

editor0 CommentsBUSINESS, Business, India

Vedanta’s consolidated net profit for the quarter ended June 30 of the current financial year (2021-22) rose exponentially on a year-on-year basis. After taxes, the consolidated net profit of the natural resources company, non-controlling interests, and share in the profit of jointly controlled entities and associates but before exceptional items rose to Rs 4,280 crore. Besides, the profits attributable to owners of Vedanta rose to Rs 4,224 crore from Rs 1,033 crore reported for Q1FY21. Vedanta had reported Rs 1,033 crore during the same period of the previous financial year. The company’s Net Debt also came down to Rs 20,261…

27 Jul

Axis Bank buys 5.55 pc stake in fintech firm IBBIC

editor0 CommentsBusiness, BUSINESS, India

Axis Bank said it has bought 5.55 per cent stake in financial technology firm IBBIC. The bank has subscribed to 50,000 equity shares of face value of Rs 10 each fully paid up of IBBIC Private Ltd (IBBIC) for a consideration of Rs 10 per equity share constituting 5.55 per cent of the issued and paid-up capital of IBBIC, Axis Bank said in a regulatory filing. Incorporated in May this year, IBBIC platform offers distributed ledger technology (DLT) solutions to the Indian financial services sector. “Equity ownership of IBBIC is aimed at providing DLT solutions for the financial services sector,”…