Business

03 Oct

Oil prices continue to inflation as Israel threatens retaliation after Iran attack

Priyanka RoyBusiness, latest

October 03, 2024 (MLN): Oil prices jumped for a second day after Prime Minister Benjamin Netanyahu vowed to retaliate against Iran after it fired nearly 200 ballistic missiles at Israel, escalating the conflict in the Middle East.Global benchmark Brent rose 3% to near $75.79 a barrel after rising more than 5% on Tuesday.While the price of West Texas Intermediate Crude (WTI) rose by 3.29% to reach $72.13 per barrel.Although Israel and Iran have been at loggerheads since the war in Gaza against Tehran-backed Hamas began nearly a year ago, previous surges have been short-lived in the absence of any real…

02 Oct

GST collection upgrade by 6.5 percent to Rs 1.73 lakh crore in September

Priyanka RoyBusiness, latest

Domestic revenue grew 5.9 percent to Rs 1.27 lakh crore last month. Revenue from import of goods grew 8 percent to Rs 45,390 crore.GST Collection: According to government data released on Tuesday, the gross collection of Goods and Services Tax (GST) in the month of September grew by 6.5 percent year-on-year to around Rs 1.73 lakh crore. GST revenue was Rs 1.63 lakh crore in September last year. It was Rs 1.75 lakh crore in August 2024.Domestic tax revenue grew 5.9 per cent to about Rs 1.27 lakh crore in September, according to official data.At the same time, revenue from…

02 Oct

Johnson’s® baby launches its latest television campaign titled ‘Irresistible Cheeks’

Business BureauBusiness

Johnson’s® baby, a pioneer in baby skincare, has launched its latest television campaign titled ‘Irresistible Cheeks’ under the broader campaign 'Protection Pehle Din Se'*. Featuring Bollywood’s popular father-daughter duo Anil and Sonam Kapoor, the film highlights Johnson’s promise to protect from day 1 with its iconic moisturising cream designed with purposeful ingredients and tested by doctors. DDB's new film features Anil Kapoor as a doting grandfather, engaging in a playful acting face-off with a baby, who resists and performs an act every time his cheeks are pulled. Sonam Kapoor steps in revealing the secret to the baby’s soft and smooth…

01 Oct

TKM reaffirms its long-standing commitment to environmental sustainability

Business BureauBusiness

Marking the World Environment Health Day, Toyota Kirloskar Motor (TKM) has reaffirmed its long-standing commitment to environmental sustainability. Over the years, TKM has consciously adopted sustainable business practices and transformed from a carmaker to a mobility company. Keeping with its principle of ‘Respect for the Planet’, Toyota globally announced the ‘Toyota Environmental Challenge 2050’ (TEC 2050) in October 2015, comprising six environmental challenges. The first set of 3 challenges focuses on achieving carbon neutrality from our products and its entire value chain, including the manufacturing activities. The company’s eco-conscious efforts not only focus on positively contributing to the environment but…

01 Oct

Head to head business fight now becoming the headline

Banasree SarkarBusiness

Swiggy is preparing for an IPO of Rs 10,000 crore, which will be India's largest by a new-age business since Paytm. Swiggy's ambition to enter the Street marks a new chapter for the Bengaluru-based business, which aims to dominate India's fast developing quick commerce market. The company is soliciting cash not only to expand its meal delivery operation, but also to support the growth of its rapid commerce unit, Instamart. With Zomato well-positioned in the game following its acquisition of Blinkit, competition is expected to heat up as Swiggy attempts to strengthen its presence in the public market with more…

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…