Business

01 Oct

Manufacturing jobs expansion 7.6% in FY23, salaries rose 5.5%: Government survey

Priyanka RoyBusiness, latest

New Delhi: The manufacturing sector has shrugged off the impact of Covid-19 and posted robust growth, leading to job creation and higher incomes of workers, according to a survey report released on Monday, prompting policymakers to say that overall economic growth could pick up in the coming months.The Annual Survey of Industries (ASI) for the financial year 2022-23 showed that the gross value added (GVA) in the manufacturing sector grew by 7.4% at current prices in 2022-23 compared to 2021-22 and industrial output grew by over 21%. GVA is a measure of economic activity, defined as the added value created…

30 Sep

Aluminium futures inflation on fresh deals – PTI

Priyanka RoyBusiness, latest

New Delhi, September 30 (Language) Aluminium prices on Monday rose by 0.84 per cent to Rs 239.50 per kg in futures trading as speculators created fresh positions amid positive sentiment in the spot market.At the Multi Commodity Exchange, aluminium for October delivery rose by Rs 2, or 0.84 per cent, to Rs 239.50 per kg in a business turnover of 3,328 lots.Analysts said fresh buying by traders amid demand from consuming industries supported aluminium prices in the futures market.

30 Sep

Jawa Yezdi Motorcycles Join Forces with Flipkart for E-commerce Expansion

Business BureauBusiness

Jawa Yezdi Motorcycles has announced collaboration with Flipkart, marking a significant step in the premium motorcycle market in India. This partnership makes Jawa Yezdi the first premium motorcycle manufacturer to offer its products on Flipkart's e-commerce platform, aiming to improve how enthusiasts access and purchase high-end motorcycles across the country. The collaboration is a key part of Jawa Yezdi Motorcycles' digital strategy, designed to improve the customer experience and increase the accessibility of its premium motorcycle range. By using Flipkart's platform with over 500 million users, Jawa Yezdi Motorcycles will reach a wider audience, allowing motorcycle enthusiasts from various parts…

30 Sep

Shikshagraha partners with AWS to transform one million public schools by 2030

Business BureauBusiness

Shikshagraha, a people’s movement focused on improving one million public schools in India by 2030, has announced a partnership with Amazon Web Services (AWS) to drive its tech-based improvement initiatives. Using AWS’s cloud computing services, Shikshagraha aims to enhance the quality of public education by empowering educators and stakeholders across 100 districts, impacting 40 million children. The movement, which is already active in states like Arunachal Pradesh, Assam, and Karnataka, will leverage AWS’s scalable and cost-efficient technology to host a repository of best practices, enhance teacher effectiveness, and enable real-time solutions using tools like AI and machine learning. In Itanagar,…

30 Sep

Board meeting of SEBI held for F&O trading

Sonakshi SarkarBusiness

Securities and Exchange Board of India (SEBI) meets today for F&O trading. Benchmark markets, Sensex and Nifty fell more than 1% in anticipation of these moves. The SEBI board is expected to approve proposals for a 'new asset class', mutual fund light restrictions, and a rights issue and preferential allotment of shares. The market regulator also had a consultation paper to introduce mutual fund light regulations for passively managed mutual fund schemes. This relaxed regulatory framework for passive MF schemes aims to reduce compliance requirements, increase penetration, diversify investments and encourage innovation. SEBI proposed several short-term measures in July this…

28 Sep

Gold futures price increased by Rs 38 to Rs 75,351 per 10 grams – News

Priyanka RoyBusiness, latest

New Delhi, September 26 (Language) Due to strong spot demand, speculators bought fresh deals, due to which gold rose by Rs 38 to Rs 75,351 per 10 grams in futures trading on Thursday.At the Multi Commodity Exchange, gold for October delivery rose by Rs 38, or 0.05 percent, to Rs 75,351 per 10 gram in a business turnover of 6,409 lots.Analysts said fresh deals by participants mainly led to the rise in gold prices.Globally, gold futures in New York rose 0.18 percent to $2,689.50 per ounce.

28 Sep

Tata AIA Life Insurance Co. Ltd. launches NIFTY Alpha 50 Index Fund

Business BureauBusiness

Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India's leading life insurers, has introduced Tata AIA NIFTY Alpha 50 Index Fund through its unit-linked insurance products, which is an open-ended New Fund Offering (NFO) with an alpha investing strategy to benefit from potential growth while securing their loved ones with the protection of a life insurance cover. The NFO will remain open until September 30th, 2024, with units offered at an NAV of Rs. 10 per unit during the NFO period. Commenting on the launch, Harshad Patil, Executive Vice President and Chief Investment Officer (CIO) of Tata AIA,…

28 Sep

GNRC Hospitals Leads Month-Long Initiatives for Heart Health Awareness on World Heart Day 2024

Business BureauBusiness

GNRC Hospitals, the first super-specialty hospital in Northeast India, renowned for its cutting-edge healthcare services since its inception in 1987, has taken a significant step towards improving heart health in the region. On the occasion of World Heart Day 2024, the GNRC Heart Institute, with its 26-year legacy, launched a series of initiatives aimed at raising public awareness about heart diseases, their symptoms, and prevention strategies. The GNRC Heart Institute, established in 1998 by the former Governor of Assam, Late Dr. S.K. Sinha, has been a pioneer in delivering extraordinary heart care across Northeast India. This year, to commemorate World…

28 Sep

Shopsy launches Big Billion Days trailer sale, ignites festive shopping in Bharat

Business BureauBusiness

Shopsy, Flipkart’s fastest-growing hyper-value e-commerce platform, is spreading festive cheer with its Big Billion Days Trailer Sale, live from September 20 to 26. This event follows the Grand Shopsy Mela, which recorded the highest user engagement in the platform’s history. The Big Billion Days Trailer offers attractive prices on over 10 million products, previewing the upcoming Big Billion Days. Customers can take advantage of discounts exceeding 50%, daily Re. 1 deals, and limited-time offers across various categories. Prathyusha Agarwal, Business Head at Shopsy, stated, “Our aim is to ensure that budget constraints don’t prevent families from enjoying the festive season.”…

28 Sep

ICICI Prudential launches Signature Pension to enhance retirement planning

Business BureauBusiness

ICICI Prudential Life Insurance has launched ‘ICICI Pru Signature Pension’, a market linked pension product enabling customers to build a cost and tax efficient retirement fund. Retirement planning is a crucial activity and a must for all customers to be financially independent. This unique product helps customers to effectively plan for both the accumulation and income generation phases of retirement planning. Announcing the launch Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “We are happy to offer ICICI Pru Signature Pension, a market linked product which provides customers the opportunity to participate in the India growth story…