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Yes Bank shares upgrade on credit rating upgrade, see details
24 Aug

Yes Bank shares upgrade on credit rating upgrade, see details

Priyanka RoyBusiness, News
Yes Bank Share Price Today: Yes Bank stock has increased by 45 percent in a year and declined by 6 percent in 2024.Shares of private sector lender Yes Bank Ltd were trading 1% higher today after credit rating firm Crisil Ratings upgraded the bank's long-term ratings on tier-II bonds (under Basel III) and infrastructure bonds. The ratings were upgraded to 'CRISIL A+/Stable' from 'CRISIL A/Positive'. CRISIL Ratings also affirmed its short-term rating 'CRISIL A1+' on the bank's certificates of deposits (CDs).Shares of Yes Bank rose 1.09% to Rs 24.84 on BSE from its previous close of Rs 24.58. Yes Bank…
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Flipkart samarth marks 5-year milestone
23 Aug

Flipkart samarth marks 5-year milestone

Business BureauBusiness
Flipkart’s Supply Chain Operations Academy (SCOA) exchanged an MoU with the Ministry of Skill Development and Entrepreneurship (MSDE) to upskill thousands of employable youth across India. Flipkart, India’s homegrown e-commerce marketplace, celebrated its 5-year journey milestone through an event dedicated to Empowering India’s Artisans, Weavers, SHGs, Women & Rural entrepreneurs. The event was attended by over 250 industry leaders, sellers, artisans, weavers, craftsmen and SHGs, aimed to celebrate and elevate the rich cultural heritage of India, which witnessed the presence of esteemed dignitaries, including the Shri Jayant Chaudhary, Hon'ble Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship…
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Tata AIA launches Sampoorna Raksha promise: A new era in term insurance
23 Aug

Tata AIA launches Sampoorna Raksha promise: A new era in term insurance

Business BureauBusiness
Tata AIA Life Insurance has unveiled its latest term insurance offering, Sampoorna Raksha Promise, featuring groundbreaking benefits designed to meet contemporary needs. This new plan stands out with its promise of immediate financial relief and flexible terms. The Sampoorna Raksha Promise ensures an instant payout of INR 3 lakhs upon claim notification to help families manage urgent expenses. It also offers a significant benefit of 50% of the base sum assured in the event of a terminal illness diagnosis, with all future premiums waived while policy benefits continue. Additionally, policyholders can defer premiums by up to 12 months once every…
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Bandhan Bank launches new savings account and loyalty program on foundation day
23 Aug

Bandhan Bank launches new savings account and loyalty program on foundation day

Business BureauBusiness
Bandhan Bank has marked its Foundation Day with the debut of Avni, a dedicated savings account for women, and a new customer loyalty initiative, Bandhan Bank Delights. Avni is designed to cater to female customers with benefits such as a 25% discount on locker rentals, 50% off on gold loan processing fees, and personal accident coverage of ₹10 lakh. The account also features an exclusive debit card providing free airport lounge access and various milestone-spends-based offers. In addition, the Bandhan Bank Delights program introduces Delight Points, which customers can earn through a range of activities including account transactions and fund…
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Pernod Ricard India launches Seagram’s Royal Stag Double Dark, targets evolving consumer preferences
22 Aug

Pernod Ricard India launches Seagram’s Royal Stag Double Dark, targets evolving consumer preferences

Business BureauBusiness
Pernod Ricard India has launched Seagram’s Royal Stag Double Dark, a category-first peaty whisky, on August 20, 2024. This innovative offering expands the Royal Stag portfolio, catering to the growing demand for differentiated and premium spirits among Indian consumers. The Double Dark whisky is crafted using selected peated malt, Scotch malt concentrate, and fine Indian grain spirit, all matured in dark charred oak barrels, delivering a distinctively smoky flavor. Kartik Mohindra, Chief Marketing Officer at Pernod Ricard India, highlighted the significance of the launch, stating, “Royal Stag Double Dark is crafted for the young, experimentative whisky enthusiast. This new offering…
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NESFB announce a hiring drive to recruit Branch Heads across the Northeast
22 Aug

NESFB announce a hiring drive to recruit Branch Heads across the Northeast

Business BureauBusiness
North East Small Finance Bank (NESFB) is set to make a profound impact on the Northeast with its latest recruitment drive, aiming to hire over 30 Branch Heads in key regions including Assam, North Bengal, Arunachal Pradesh, and Meghalaya. This initiative is more than just a hiring effort; it is a testament to NESFB's dedication to social change and community development. The drive seeks to empower individuals with banking experience to take on leadership roles, reflecting NESFB’s commitment to not only strengthening its operations but also to fostering local talent. Applicants can easily apply through NESFB's recruitment page, where the…
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Paytm share price increase over 5%, Zomato shares rise 2% on ticketing business deal
22 Aug

Paytm share price increase over 5%, Zomato shares rise 2% on ticketing business deal

Priyanka RoyBusiness, News
Paytm share price surged over 5% after the fintech giant announced the sale of its entertainment and ticketing business to food delivery app Zomato for ₹2,048 crore. Paytm shares rose 5.47% to ₹604.45 on BSE, while Zomato shares also rose 2.71% to ₹267.00.Fintech giant Paytm's parent company, One97 Communications, entered into a definitive agreement for the sale of its entertainment ticketing business, which includes movies, sports and event ticketing, to Zomato for ₹2,048 crore.Paytm's movie and event tickets will remain available on its app during the transition period for the next 12 months. After that, users will be redirected to…
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Due to investor enthusiasm, Ola Electric shares upsurge by 90%, market cap crossed $ 7 billion
21 Aug

Due to investor enthusiasm, Ola Electric shares upsurge by 90%, market cap crossed $ 7 billion

Priyanka RoyBusiness, News
Ola Electric Mobility Ltd. has seen its shares surge nearly 90% within two weeks, taking the company's market capitalization to more than $7 billion. Bloomberg reported that this rapid growth vindicated founder Bhavish Aggarwal's decision to take the company public, despite initial doubts about its valuation.The company's initial public offering (IPO), the largest in India in the last two years, attracted wide interest from investors. The surge in the share price has allowed Aggarwal to reach his target valuation earlier than anticipated, driven by strong demand in India's thriving IPO market. Ola Electric, India's largest e-scooter maker, had gone ahead…
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Itanagar triumphs in LG’s All India K-POP Contest 2024 regional round
21 Aug

Itanagar triumphs in LG’s All India K-POP Contest 2024 regional round

Business BureauBusiness
LG Electronics has announced the winners of the Itanagar regional round for its All India K-POP Contest 2024, celebrating exceptional local talent. In a spirited competition held in collaboration with the Korean Cultural Centre India (KCC), Dorothi Hazarika emerged victorious in the Vocals category, while The Trend group won in the Dance category, delivering performances that captured the essence of K-POP with remarkable flair. This year’s contest, marking its 3rd edition, has garnered impressive engagement, with over 10,500 participants registering online. Regional rounds are being held from July 27 to September 1 across 11 locations, including Bengaluru, Kohima, Kolkata, and…
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Block deal: Zomato shares decrease 2% amid high turnover; ANTFIN POTENTIAL SELLER
20 Aug

Block deal: Zomato shares decrease 2% amid high turnover; ANTFIN POTENTIAL SELLER

Priyanka RoyBusiness, News
Zomato shares fell 1.98 percent to an intraday low of Rs 257.10 on BSE, with the counter logging volume of 19.86 crore shares - 44.5 times its two-week average volume; And turnover was Rs 5,115.21 crore.Shares of Zomato Ltd decrease nearly 1 percent in Tuesday trade amid high turnover as China's Antfin Singapore Holdings sold 1.54 percent stake in the food delivery platform through a block deal. Zomato stock fell 1.98 percent to an intraday low of Rs 257.10 on BSE, with the counter logging volume of 19.86 crore shares - 44.5 times the two-week average volume; And turnover was…
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