Business

20 Sep

Retail inflation plunge to 5.96% for agricultural workers, 6.08% for rural workers

Priyanka RoyBusiness, News

Retail inflation for agricultural workers and rural labourers declined to 5.96 percent and 6.08 percent, respectively, in August, from 6.17 percent and 6.20 percent in July this year.The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) recorded a rise of 7 points each in August 2024, reaching the levels of 1297 and 1309, respectively.The CPI-AL and CPI-RL in July were 1290 points and 1302 points, respectively.A labour ministry statement said that, "The year-on-year inflation rates based on CPI-AL and CPIRL for this month (August 2024) were recorded at 5.96 percent and 6.08 percent as against 7.37…

20 Sep

Bandhan Bank offers up to 8.55% interest on 1 year FD

Business BureauBusiness

Bandhan Bank has announced a significant increase in its Fixed Deposit (FD) interest rates, offering up to 8.55% for a 1-year tenure, positioning itself among the top in the banking industry. The highest rate of 8.55% is exclusively available for senior citizens, while other customers can avail an interest rate of 8.05% for the same tenure. The bank is also offering a competitive rate of 7.75% for senior citizens on long-term deposits under five years, with others earning 7.25%. In addition, customers with savings account balances exceeding Rs.10 lakh will receive an interest rate of 7%. Bandhan Bank has made…

20 Sep

Bandhan Bank offers up to 8.55% interest on 1 year FD

Business BureauBusiness

Bandhan Bank has announced a significant hike in its Fixed Deposit (FD) interest rates, offering up to 8.55% for a 1-year tenure. The bank increased its FD rate by 80 basis points, providing one of the highest returns in the banking sector. Senior citizens will benefit the most, earning 8.55% on 1-year deposits, while other customers will receive 8.05%. For long-term deposits of less than five years, senior citizens will earn 7.75%, while others can secure 7.25%. The bank is also offering 7% interest on savings accounts with balances above Rs.10 lakh. Here’s a breakdown of the FD rates: For…

19 Sep

Topcem Cement, in association with GSMGOA organised the “Old Sri Sri Biswakarma Idol Biswarjan Avijan”

Business BureauBusiness

Topcem Cement, in association with Guwahati Scooter Motorcycle Garage Owners Association (GSMGOA), organised the “Old Sri Sri Biswakarma Idol Biswarjan Avijan” today. This annual initiative aims to promote cleanliness in the city by collecting Mand immersing leftover Lord Biswakarma idols Since 2014, Topcem Cement and GSMGOA have jointly conducted this activity, demonstrating their dedication to social responsibility. Dr. Anil Kapur, President-Sales & Marketing, Meghalaya Cements Ltd., flagged off the event, emphasizing the importance of cleanliness. “Cleanliness is vital for our daily lives. We’re committed to continuing this initiative,” said Dr. Kapur. Last year’s event saw the collection of over 1,000…

19 Sep

BLS E-Services has teamed up with ABHICL to provide essential health insurance products across Assam

Business BureauBusiness

BLS E-Services and Aditya Birla Health Insurance (ABHICL), the health insurance collaboration of Aditya Birla Capital Ltd. (ABCL), a leading diversified financial services company in India, have entered into a strategic partnership aimed at providing access to critical health insurance solutions across Assam. This collaboration will harness BLS E-Services' extensive network as a master policyholder by providing ABHICL’s Group Hospital Cash and Group Personal Accident policies, marking a significant stride towards enhancing financial protection for millions. The partnership's flagship offering, the Group Hospital Cash benefit, is designed to alleviate the financial burden of hospitalization. This partnership exemplifies a commitment to…

19 Sep

India’s trade deficit widens to nearly $30 billion, exports downfall by 9.3%

Priyanka RoyBusiness, News

The Union Ministry of Commerce and Industry has released a data, according to which India's merchandise trade deficit has increased to $ 29.65 billion in August. According to the data, the trade deficit was $ 29.65 billion, while it was $ 23.5 billion in July and $ 20.98 billion in June.According to data released on Tuesday, India's merchandise exports in August fell 9.3 per cent to $34.71 billion from $38.28 billion in the same month last year. However, imports rose 3.3 per cent to $64.36 billion in August from $62.3 billion in the same month last year.Commerce Secretary Sunil Barthwal…

18 Sep

Wholesale inflation reduction for the second consecutive month to 1.31% in August

Priyanka RoyBusiness, News

New Delhi: Wholesale inflation plunged for the second consecutive month to 1.31 percent in August due to cheaper vegetables, food articles and fuel, according to government data released on 17 sep.Inflation based on the Wholesale Price Index stood at 2.04 percent in July. In August last year, it was (-) 0.46 percent."The positive rate of inflation in August 2024 is mainly due to the expansion in prices of food articles, processed food products, other manufacturing, textile manufacturing and manufacturing of machinery and equipment, etc," the Ministry of Industry state in a statement.According to the data, inflation in food items stood…

18 Sep

The flim Sikaar’s music is directed by the music icon Zubeen Garg

Business BureauBusiness

Get ready for the most popular upcoming Assamese film 'Sikaar' . The flim Sikaar’s music is directed by the music icon Zubeen Garg . This movie is produced by London-based producer Sam Bhattacharjee and Mitra Bhattacharya, and scripted and directed by Debangkar Borgohain and Screen and Dialogue by Bishnujyoti Handiquy. This flim is going to be release in the theaters on 20th September 2024 . The story revolves around the lives of tea plantation workers, particularly women, who face unimaginable hardships and atrocities, and their unwavering spirit to overcome. Get ready to see heart throbbing Zubeen Garg in a never-seen-…

18 Sep

Agartala’s new FIH-certified hockey field set to boost local sports market

Business BureauBusiness

In a major boost to Agartala's sports infrastructure, the city has inaugurated its first FIH-certified hockey field. Developed under the Khelo India Scheme by the Agartala Sports Department in partnership with Gallant Sports, this cutting-edge facility is designed to meet international hockey standards. The project, which began in December 2023, faced significant challenges, including an uneven ground level. Gallant Sports meticulously addressed these issues to deliver a top-tier facility. Nasir Ali, CEO of Gallant Sports, highlighted the project's importance, stating, “This ground will not only serve as a training hub for future hockey stars but also inspire a new generation…

17 Sep

Bajaj Housing IPO: GMP downturn ahead of stock listing today; is it still a multibagger in the making?

Priyanka RoyBusiness, News

Bajaj Housing Finance IPO was open for bidding between September 9-11, with shares offered in the price band of Rs 66-70 per share with a lot size of 214 shares.Shares of Bajaj Housing Finance are set to hit Dalal Street on Monday, September 16. The issue saw historic investor interest during the three-day bidding process, and is likely to be a multibagger listing on the stock markets. However, its premium has declined in the informal market recently.The grey market premium (GMP) on Bajaj Housing Finance shares before listing was Rs 73-75 per share, indicating a 104-105 per cent upside for…