Business

01 Oct

Board meeting held of Life Insurance Corporation of India about new policies

Banasree SarkarBUSINESS

Starting this month, a policyholder will receive a larger reimbursement if he cancels his life insurance coverage during the first few years. The Insurance Regulatory and Development Authority of India (Irdai) has directed insurance companies to offer greater special surrender values (SSVs) for traditional endowment contracts from October 1, 2024. This is likely to increase flexibility and liquidity for life insurance clients looking to swap plans. According to various reports, insurers, including the Life Insurance Corporation of India (LIC), have pushed Irdai to amend the surrender value regulations and extend the deadline for compliance. However, there has been no official…

01 Oct

Glenmark and API launch “National BP Screening Day” to address youth hypertension

Business BureauBusiness

Glenmark Pharmaceuticals Limited, in partnership with the Association of Physicians of India (API), launched the “Take Charge @ 18” campaign at the Gateway of India, designating the 18th of every month as “National BP Screening Day.” This initiative focuses on promoting early blood pressure monitoring, emphasizing that adults should start checking their blood pressure at 18. The campaign commenced with an engaging two-hour 3D video projection, effectively reaching over 100,000 healthcare professionals through live streaming. Glenmark aims to educate 10 crore Indians about hypertension, addressing the alarming rise of the condition among youth. An ICMR study highlights a 35.5% hypertension…

01 Oct

Flipkart’s Big Billion Days 2024 Kicks Off India’s Festive Season

Business BureauBusiness

Flipkart, India’s homegrown e-commerce marketplace, launched the 11th edition of its highly anticipated The Big Billion Days (TBBD) 2024 on September 27, with early access beginning on September 26 for Flipkart VIP and Plus customers. Over 33 crore user visits were recorded on Flipkart during Early Access and Day 1 combined, reflecting festive enthusiasm from shoppers from across India. Early trends suggest a promising festive season ahead, with growing demand being observed across mobiles, food & nutrition, and grooming categories. Speaking on the 11th edition of The Big Billion Days, Harsh Chaudhary, Vice President, Growth, Flipkart, said, "Every year, the…

01 Oct

Flipkart’s ‘Flipkart Reset for Business’ launch empowerssellers and communities

Business BureauBusiness

Flipkart, the prominent Indian e-commerce marketplace, has launched Flipkart Reset for Business, a dedicated mobile app designed to empower sellers of refurbished products across the country. This innovative platform offers a user-friendly interface and a wide range of quality-assured refurbished smartphones and accessories, aiming to enhance access for retailers from various backgrounds. As the demand for refurbished products surges, particularly in tier 2 and 3 cities, Flipkart Reset addresses challenges such as consumer skepticism and inconsistent supply. The app allows sellers to purchase products in any quantity, eliminating minimum order restrictions. It also features rigorous quality checks, warranties, and competitive…

01 Oct

Care Health Insurance promotes the importance of health coverage amid rising cardiovascular risk

Business BureauBusiness

The incidence of cardiovascular disease (CVD) among young adults in India has surged to alarming levels in recent years, underscoring the urgent need for heightened awareness and comprehensive health coverage. A recent report by The Lancet titled ‘The Burgeoning Cardiovascular Disease Epidemic in Indians,’ reveals that the country faces a significantly higher CVD burden compared to global averages, with an age-standardized death rate of 282 per 100,000—considerably higher than the global average of 233 per 100,000. Additionally, the age-standardized disability-adjusted life years (DALY) rate due to CVD in India is 1.3 times the global average. In response to this concerning…

01 Oct

Manufacturing jobs expansion 7.6% in FY23, salaries rose 5.5%: Government survey

Priyanka RoyBusiness, News

New Delhi: The manufacturing sector has shrugged off the impact of Covid-19 and posted robust growth, leading to job creation and higher incomes of workers, according to a survey report released on Monday, prompting policymakers to say that overall economic growth could pick up in the coming months.The Annual Survey of Industries (ASI) for the financial year 2022-23 showed that the gross value added (GVA) in the manufacturing sector grew by 7.4% at current prices in 2022-23 compared to 2021-22 and industrial output grew by over 21%. GVA is a measure of economic activity, defined as the added value created…

30 Sep

Aluminium futures inflation on fresh deals – PTI

Priyanka RoyBusiness, News

New Delhi, September 30 (Language) Aluminium prices on Monday rose by 0.84 per cent to Rs 239.50 per kg in futures trading as speculators created fresh positions amid positive sentiment in the spot market.At the Multi Commodity Exchange, aluminium for October delivery rose by Rs 2, or 0.84 per cent, to Rs 239.50 per kg in a business turnover of 3,328 lots.Analysts said fresh buying by traders amid demand from consuming industries supported aluminium prices in the futures market.

30 Sep

Jawa Yezdi Motorcycles Join Forces with Flipkart for E-commerce Expansion

Business BureauBusiness

Jawa Yezdi Motorcycles has announced collaboration with Flipkart, marking a significant step in the premium motorcycle market in India. This partnership makes Jawa Yezdi the first premium motorcycle manufacturer to offer its products on Flipkart's e-commerce platform, aiming to improve how enthusiasts access and purchase high-end motorcycles across the country. The collaboration is a key part of Jawa Yezdi Motorcycles' digital strategy, designed to improve the customer experience and increase the accessibility of its premium motorcycle range. By using Flipkart's platform with over 500 million users, Jawa Yezdi Motorcycles will reach a wider audience, allowing motorcycle enthusiasts from various parts…

30 Sep

Shikshagraha partners with AWS to transform one million public schools by 2030

Business BureauBusiness

Shikshagraha, a people’s movement focused on improving one million public schools in India by 2030, has announced a partnership with Amazon Web Services (AWS) to drive its tech-based improvement initiatives. Using AWS’s cloud computing services, Shikshagraha aims to enhance the quality of public education by empowering educators and stakeholders across 100 districts, impacting 40 million children. The movement, which is already active in states like Arunachal Pradesh, Assam, and Karnataka, will leverage AWS’s scalable and cost-efficient technology to host a repository of best practices, enhance teacher effectiveness, and enable real-time solutions using tools like AI and machine learning. In Itanagar,…

30 Sep

Board meeting of SEBI held for F&O trading

Sonakshi SarkarBUSINESS

Securities and Exchange Board of India (SEBI) meets today for F&O trading. Benchmark markets, Sensex and Nifty fell more than 1% in anticipation of these moves. The SEBI board is expected to approve proposals for a 'new asset class', mutual fund light restrictions, and a rights issue and preferential allotment of shares. The market regulator also had a consultation paper to introduce mutual fund light regulations for passively managed mutual fund schemes. This relaxed regulatory framework for passive MF schemes aims to reduce compliance requirements, increase penetration, diversify investments and encourage innovation. SEBI proposed several short-term measures in July this…