Business

24 Oct

Federal Bank and News18 launch national cancer awareness campaign at ‘Sanjeevani’ convention

Business BureauBusiness

Federal Bank Hormis Memorial Foundation and News 18 Network have held a national convention on cancer awareness under the second phase of the ‘Sanjeevani: United Against Cancer’ programme, with Tata Trusts as knowledge partners. It brought together key stakeholders, industry leaders, and top bureaucrats who engaged in discussions around raising awareness and early detection of cancer. In India, cancer is estimated at nearly 15 lakh cases annually, making it the country with the third-highest number of cases after the US and China. To tackle India’s growing cancer epidemic, Sanjeevani over the years has been working through partnerships to push the…

24 Oct

SBI Life Q2 profit gain 39% to Rs 529 crore

Priyanka RoyBusiness, latest

SBI Life Insurance has reported an impressive 39% growth in consolidated net profit in Q2 FY25 to Rs 529 crore from Rs 380 crore in the same quarter last year. This growth reflects the strong financial performance of the company in the competitive insurance market.Despite the rise in profits, net premium income grew a marginal 1%, standing at ₹20,266 crore for the July-September 2024 period.First year premium income witnessed a growth of 6%, rising to Rs 4,915 crore from Rs 4,633 crore in the previous year.These results reflect SBI Life's continued growth in the insurance sector, driven by strategic premium…

23 Oct

PNB shares increase 1.63% as Sensex rises

Priyanka RoyBusiness, latest

Shares of Punjab National Bank traded at Rs 96.5 on BSE at 01:33pm (IST) on Wednesday, up 1.63 per cent from its previous close.The 52-week low price of this stock was Rs 67.34 and the highest price was Rs 142.9.Earlier, the stock witnessed a rise in the morning.A total of 1,881,735 lakh shares were traded on the counter till 01:33 pm (IST).The market value of Punjab National Bank stock is Rs 111021.83 crore.The stock traded at a price-to-earnings (P/E) multiple of 9.43, while the price-to-book value ratio stood at 1.34. The return on equity (ROE) stood at 8.92 per cent,…

23 Oct

Byatikram to celebrate Sachin Dev Burman’s legacy with Zubeen Garg Award in Guwahati

Business BureauBusiness

Byatikram, a prominent socio-cultural organization committed to fostering cultural ties in the North East, will honor the legacy of legendary music composer Sachin Dev Burman on October 28, 2024, at the Pragjyoti ITA Center in Machkhowa, Guwahati. The event, supported by the Information and Cultural Affairs Department of Tripura, will commence at 5 PM. A highlight of the evening will be the "S D Burman Memorial Byatikram Lifetime Achievement Award 2024," presented to renowned Assamese musician Zubeen Garg. Celebrating this recognition, Garg remarked, “Like Dr. Bhupen Hazarika, Sachin Dev Burman is the pride of the North East. It is an…

23 Oct

Avon India unveils “I Am Shakti” campaign; celebrates women’s strength and entrepreneurship

Business BureauBusiness

As Durga Puja transitions into Diwali, Avon India has proudly unveiled its “I Am Shakti” campaign—a tribute to the remarkable women who embody the divine strength of goddesses Durga and Lakshmi. This campaign celebrates the resilience, leadership, and determination of Avon representatives who, like these deities, possess qualities of strength and prosperity. Through “I Am Shakti,” Avon highlights the inspiring stories of women who have not only supported the brand but also transformed their own lives and communities. These women reflect the power of Durga’s courage and Lakshmi’s abundance, showcasing the impact of their journeys on others. Snigdha Suman, GM…

23 Oct

TKM announces the introduction of ‘Festival Limited Edition’ of Toyota Glanza

Business BureauBusiness

Marking the festive spirit, Toyota Kirloskar Motor has announced the introduction of ‘Festival Limited Edition’ of the Toyota Glanza. Customers can now enjoy exclusive dealer-fitted Toyota Genuine Accessory (TGA) packages, designed to elevate their driving experience with enhanced style, performance, and comfort of the Glanza during this festive period. Celebrated for its advanced technology, sleek design, and high fuel efficiency, since 2019, the limited-edition Toyota Glanza comes equipped with 13 exclusive TGA Package, worth ₹20,567. The vehicle features standout elements like premium chrome and black body side moulding, back door garnish chrome, and ORVM garnish chrome. Additional highlights include 3D…

22 Oct

India’s growth story continues: RBI bulletin projects GDP expansion at 7.2 percent for FY 2024-25

Priyanka RoyBusiness, latest

Confirming the strength of India's economic growth, the Reserve Bank of India's October bulletin projected real GDP growth at 7.2 percent for FY 2024-25. In the bulletin, the RBI highlighted that consumption and investment demand continue to grow at a rapid pace, with growth estimated at 7 percent in the second quarter and 7.4 percent in the 3rd and 4th quarters.The RBI Bulletin is authored by its Editorial Committee, chaired by Deputy Governor Michael Debabrata Patra. The Central Board of the Bank is not responsible for the interpretation and opinions expressed in the articles, which are the responsibility of the…

21 Oct

Mental wellbeing paradox uncovered; ITC’s survey reveals stigma and accessibility issues

Business BureauBusiness

With mental health conversations gaining traction, ITC’s ‘Feel Good With Fiama Mental Wellbeing Survey 2024’ has marked its 4th year by exploring the perceptions and realities of mental health in India. Commissioned with NielsenIQ, the survey unveils the awareness, attitude, and behavioural landscape for mental wellbeing in India. It reflects progressiveness in acknowledging the need for mental wellbeing while also indicating the persistent barriers in accessing professional support. While 83% of the survey participants believe mental health issues are nothing to be ashamed of, 81% feel ashamed of telling others that they are taking therapy. ITC Fiama, through its 'Feel…

21 Oct

HDFC Bank’s FY26 inflation to be slightly higher than market growth

Priyanka RoyBusiness, latest

HDFC Bank reported a net profit of Rs 17,600 crore, a 17.4 per cent year-on-year growth in advances for the quarter ended September 30, 2024. This came after a seven per cent year-on-year growth in advances, which stood at Rs 24.95 lakh crore. In an interaction with the media, the management, represented by HDFC Bank chief financial officer V Srinivasan, said they would not like to give any forward guidance. However, on the trajectory of loan growth, he indicated that FY25 loan growth for the bank will be lower than market growth and in FY26, the bank should grow slightly…

19 Oct

TKM announces the limited edition of its highly popular model – Urban Cruiser Taisor

Business BureauBusiness

Adding to the festive fervour, Toyota Kirloskar Motor (TKM) has announced the Limited Edition of its highly popular model - Urban Cruiser Taisor. This special edition, designed with a focus on enhancing style, and premium-ness, comes with a well-curated Toyota Genuine Accessories (TGA) package to elevate delight and excitement to customers. Commenting on the introduction of the festive edition, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “We are confident that our customers will find great value in this new addition.” Since its launch in April 2024, the Urban Cruiser Taisor has quickly become a…