Business

07 Oct

Bandhan Bank Q2 business growth: 24.6% upsurge

Priyanka RoyBusiness, latest

Kolkata, Oct 06 (PTI) Private sector Bandhan Bank's total business grew 24.6 per cent in the second quarter of the current financial year. The bank gave this information in a regulatory filing to the stock exchanges.Total turnover reached Rs 2,73,163 crore by the end of September 30, 2024, as against Rs 2,19,712 crore in the previous corresponding period, registering a growth of 24.6 per cent.The bank's loans and advances stood at Rs 1,30,652 crore at the end of the current second quarter, while deposits reached Rs 1,42,511 crore, the bank said.The collection efficiency ratio across all business lines of the…

05 Oct

Seagram’s Royal Stag Drinking Water launches festive campaign with cricketing icon Surya Kumar Yadav

Business BureauBusiness

Kicking off the festive fervour in India, Royal Stag Packaged Drinking Water has unveiled a new campaign #CelebrateLarge. The campaign showcases how today’s youth want to infuse different festive celebrations with their unique style and energy. The campaign tagline, ‘Generation Large ka Celebration Large,’ elegantly weaves this desire of the young generation with the brand's Live It Large philosophy. The campaign features India’s T20 cricket captain Surya Kumar Yadav and is an engagement-led 360 campaign, including an interactive AI film, an innovative AR-enabled festive canvas, and a chance to celebrate with the Indian cricket superstar himself, Surya Kumar Yadav. The…

05 Oct

India’s forex reserve bank becomes the becomes the forth in reaching $700 billion

Sonakshi SarkarBusiness

India's foreign reserves surpassed $700 billion for the first time, rising by $12.6 billion during the week ending September 27, according to Reserve Bank of India (RBI) figures. India becomes the fourth economy in the world to reach $700 billion in foreign reserves, following China, Japan, and Switzerland. The $12.6 billion boost is the highest weekly addition since July 14, 2023. In comparison, the total reserves increased by $2.8 billion to $692.3 billion in the preceding reporting week. Stable oil prices & country's stocks flows and bonds have increased foreign exchange reserves to $705 billion. India's reserves first reached $100…

05 Oct

ICICI Prudential Life Insurance posts record 99.35% claim settlement ratio in Q1-FY2025

Business BureauBusiness

ICICI Prudential Life Insurance has set a benchmark in the life insurance sector by announcing a remarkable claim settlement ratio of 99.35% for the first quarter of FY2025, the highest among all life insurance providers in India. The company efficiently settled death claims totaling ₹381.24 crore during this period, with an impressive average turnaround time of just 1.2 days for non-investigative claims. Mr. Amish Banker, Chief Operations Officer of Customer Service, emphasized the company’s commitment to ensuring financial security for families. He stated, “We process every claim with utmost sensitivity and quickly. Our claim settlement ratio is the best in…

05 Oct

Apache Indian performs at Royal Global University in Assam

Business BureauBusiness

International music icon Apache Indian is set to make his much-anticipated debut performance at Royal Global University, Assam, on 25th October. To announce the same, the Big Films Media held a press conference at the Aideo Cinema Hall in Panjabari. The press conference was attended by Sam Bhattacharjee, Debangkar Borgohain, RJ Gaurav, Dr. Saumen Bharatiya and others. Apache Indian known worldwide for his chart-topping hits like Boom Shack-A-Lak, Apache Indian’s upcoming performance has already stirred excitement among fans and the university community. His appearance marks a historic moment for music lovers in Assam, as they prepare to welcome the Don…

05 Oct

Vedanta shares grew as company records highest ever aluminium production in second quarter

Priyanka RoyBusiness, latest

Vedanta said it recorded aluminium production of 1,205 kilotonnes in the first half of FY25, while its alumina production grew 21 per cent during the same period.Shares of Vedanta Ltd rose marginally in Friday's trade after the Anil Aggarwal-led company said it recorded its highest ever quarterly and half-yearly aluminium production for the period ended September 30. Zinc India recorded its highest ever mined and refined metal production in the second quarter, the metals and mining major said.Following the development, the stock was trading 0.05 per cent higher at Rs 512.05 in early deals. At its meeting on Tuesday, October…

04 Oct

HDFC Bank Q2 update: Gross advances upsurge 7% to Rs 25.19 lakh crore, deposits grow 15%

Priyanka RoyBusiness, latest

The country's largest private sector lender HDFC Bank on Friday reported gross advances growth of 7% to Rs 25.19 lakh crore as of September 30, 2024, as against Rs 23.54 lakh crore as of September 30, 2023.HDFC Bank's advances under management, which include inter-bank participation certificates, bill rediscounting and advances for securitisation/assignment, stood at Rs 26.33 lakh crore as of September 30, a growth of about 8% from Rs 24.37 lakh crore in the same quarter last year.Advances under management of the bank grew 2.3% to Rs 25.75 lakh crore as of June 30.Retail loans grew by about Rs 33,800…

04 Oct

4 new apple retail store is going to open in India

Sonakshi SarkarBusiness

Apple plans to open four more retail outlets in India, one each in Bengaluru, Pune, Delhi-NCR, and Mumbai, the US multinational electronics company revealed on Friday. In April 2023, Apple established its first two stores in India: in Delhi and Mumbai. Apple announced that the iPhone 16 Pro and Pro Max, which are built in India, will be available soon for local users as well as export to "select countries" around the world. Apple began producing iPhones in India in 2017. It now has more than 3,000 employees in India. Apple now manufactures the full iPhone 16 family, including the…

04 Oct

Minister Jayant Chaudhary launches 30 entrepreneurship centres at Northeast Skill Conclave 2024, calls for regional cooperation

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) has successfully organized the “Northeast Skill Development and Entrepreneurship Conclave 2024” at IIM Shillong. This event is a significant leap towards fostering entrepreneurship and skill development in the northeastern region of India. Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship and Minister of State, Ministry of Education, Govt of India, was the Chief Guest at the event alongside other prominent leaders from various northeastern states, industry experts, and academicians, all engaged in discussions on strengthening the region and unlocking new opportunities. The conclave included fostering…

03 Oct

BSA Motorcycles delivers the first BSA Gold Star 650 in North-East India

Business BureauBusiness

BSA Motorcycles, the iconic British brand, has proudly delivered the first BSA Gold Star 650 in North-East India to Mr. Oken Tayeng, Member of the Legislative Assembly, Arunachal Pradesh. Known for his contributions to the development of the state, particularly in improving infrastructure and welfare in his constituency, Mr. Tayeng is now a proud owner of the legendary Gold Star 650. Launched in India on August 15, 2024, the BSA Gold Star 650 is a remarkable combination of classic British design and modern engineering. With a legacy dating back to 1903, the BSA brand has long been a symbol of…