Business

16 Sep

Adani Power, Adani Green shares increase 6% on power supply pact with Maharashtra discoms

Priyanka RoyBusiness, News

Adani Company shares, which were trading in the red last week as a result of the latest revelations by Hindenburg which claimed that funds linked to the company were frozen by Swiss authorities, have bounced back somewhat.Adani got a big dealThis is even more true in the case of Adani Green Energy and Adani Power shares. The company's shares rose more than 5 percent in the early hours of the intraday trading session on Monday. This development happened when Adani Energy received a letter of intent from Maharashtra State Electricity Distribution Company Limited for the supply of 6600 MW hybrid…

14 Sep

Oil India to invest Rs 25,000 crore to achieve net zero emissions by 2040

Priyanka RoyBusiness, News

Oil India to invest Rs 25,000 crore for net zero emissions by 2040 The net zero plans will go hand in hand with the target of raising crude oil and natural gas production to 9 million tonnes of oil and oil equivalent gas per day by 2025-26 from 6.5 million tonnes produced in the financial year ending March 31, 2024.State-run Oil India Ltd Chairman Ranjit Rath on Saturday said the company plans to invest Rs 25,000 crore in clean energy projects to help it achieve net zero carbon emission target by 2040.OIL's net zero plan includes reduction of gas burning…

14 Sep

Maruti Suzuki announces Swift S-CNG: India’s most fuel-efficient hatchback

Business BureauBusiness

Maruti Suzuki India Limited (MSIL) launched the Epic New Swift S-CNG, boasting an industry-leading fuel efficiency of 32.85 km/kg, making it the most fuel-efficient hatchback in its segment. The new Swift S-CNG is available in three variants: V, V(O), and Z, with prices starting from ₹8.19 lakh (ex-showroom). With over 67,000 units sold within four months of its launch, the Swift S-CNG is expected to gain traction in the Agartala, where demand for fuel-efficient vehicles is growing, especially as CNG infrastructure expands in the region. “The Swift brand has always been synonymous with performance and style. The Epic New Swift…

14 Sep

Tata AIA ranks 6th globally with record MDRT advisors leading India in female advisors

Business BureauBusiness

Tata AIA Life Insurance has achieved a notable milestone by securing the 6th position in the global Million Dollar Round Table (MDRT) rankings for 2024. The company registered 2,584 MDRT-qualified advisors, marking a substantial 30.64% increase over the previous year. Tata AIA stands out in India for having the highest number of female MDRT advisors, with 1,238 qualifying, placing it 7th globally among firms with female members. MDRT is recognized as the benchmark for excellence in the life insurance and financial services sector, celebrating advisors who excel in client service and ethical standards. This accolade reinforces Tata AIA's commitment to…

12 Sep

Granules India shares decrease 16% after USFDA inspection concludes with 6 observations

Priyanka RoyBusiness, News

Shares of Granules India tumbled over 16 per cent during intraday trading on Thursday, September 12, after the company announced that the inspection of its Gagillapur FD facility by the USFDA, conducted from August 26 to September 6, 2024, concluded with six observations.In response, the company issued a statement to reassure concerned investors, underscore its commitment to resolve the issues raised. "We acknowledge that many investors have sought clarifications, and we would like to assure them that we are actively addressing the comments and remain fully committed to resolving the issues raised," Granules India said in its stock exchange filing.The…

12 Sep

TCS launches 25th Edition of Rural IT Quiz to drive tech awareness across India

Business BureauBusiness

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, and the Department of Electronics, IT, BT, and Science and Technology, Government of Karnataka, have pleased to announce that registrations are now open for the 25th edition of the TCS Rural IT Quiz program. A part of the Bengaluru Tech Summit 2024, the quiz comprises a combination of online tests, virtual and physical quiz rounds. Students from Classes 8 to 12 from smaller towns and districts across India are encouraged to participate. The TCS Rural IT Quiz will focus on the application…

11 Sep

Equity fund inflow flourish by 3 percent to Rs 38 thousand crore in August

Priyanka RoyBusiness, News

Mumbai: Open-ended equity mutual fund inflows rose 3.03% to Rs 38,239 crore in August on the back of strong demand for small-cap and mid-cap funds, taking industry-wide assets under management past the Rs 66.7 lakh crore mark in the month under review from Rs 64.96 trillion in the previous month. The Nifty50 gained 1.14% during the month under review, while the benchmark Sensex rose marginally by 0.76%. Despite the muted performance of equity markets, investments surged led by large-cap funds, which attracted net inflows of Rs 2,636.86 crore in August, a 293% jump over July. Inflows into small-cap funds rose…

10 Sep

For flood affect vehicles across India Nissan extend comprehensive support

Business BureauBusiness

In view of the prolonged flooding across various regions in India, Nissan Motor India Pvt. Ltd. (NMIPL) has extended its comprehensive support measures for customers affected by the floods. The company is committed to helping its customers through these challenging times with a range of assistance services which will be available until 30th September 2024. Nissan has established a special helpdesk dedicated to assisting customers with flood-affected vehicles. The company will provide free Roadside Assistance (RSA) services, including towing of affected vehicles to the nearest authorized Nissan service workshop. In addition, Nissan is collaborating with its dealers to offer a…

10 Sep

Bandhan Bank enhances tax payment convenience with new GST collection service

Business BureauBusiness

Bandhan Bank has launched a new service enabling customers and non-customers to pay Goods and Services Tax (GST) seamlessly through its digital and branch channels. This initiative aims to simplify GST payments by allowing transactions via Retail Internet Banking, Corporate Internet Banking, and in-branch payments using cash, cheque, or demand draft. With a presence in 35 states and Union Territories and a network of over 6,300 branches serving more than 3.44 crore customers, Bandhan Bank is set to make GST compliance more accessible. Rajinder Babbar, Executive Director & Chief Business Officer, highlighted, “The introduction of GST collection services marks a…

10 Sep

Nitin Gadkari told lack of success in reducing road accidents is a failure

Priyanka RoyBusiness, News

Union Road Transport and Highways Minister Nitin Gadkari on Monday said the government was making all efforts to reduce road accidents but was not getting much success. Addressing the gathering at the annual meeting of the Automotive Component Manufacturers Association of India (ACMA), Gadkari urged the industry to use corporate social responsibility (CSR) funds to organise awareness programmes, especially in schools."We are trying our best, but we are not getting much success... I can admit that this is one of the failures," Gadkari said. He said around 5 lakh road accidents take place in India every year, of which 30,000…