Business

28 Aug

Zee Entertainment shares arised 14% today; here’s why

Priyanka RoyBusiness, latest

ZEEL Share Price: The stock traded higher than the 5-day, 10-, 20-, 30-, 50-day and 100-day simple moving average (SMA), but lower than the 150-day and 200-day SMA.Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 14.26 per cent to hit the day's high of Rs 154.65 in Tuesday's trade. Today's sharp rise in share price came after the media firm settled its merger closing disputes with Sony Pictures."ZEEL, Culver Max Entertainment Pvt. Ltd., steering as Sony Pictures Networks India, together with its group company Bangla Entertainment Pvt. Ltd. have reached a comprehensive non-cash agreement, relating to “All disputes have been…

27 Aug

Bank of Baroda surge Rs 5,000 crore through 10-year infra bonds at 7.3%

Priyanka RoyBusiness, latest

State-owned Bank of Baroda on Monday inflation Rs 5,000 crore through 10-year infrastructure bonds at a coupon rate of 7.3 percent, according to sources aware of the development.The offering of the bonds, rated AAA by Crisil Ratings, had a base issue size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore and was fully subscribed.A dealer at a state-owned bank said yields on 10-year government securities have fallen, resulting in lower cut-off rates for BoB compared to State Bank of India (SBI), the country's largest lender. Generally, SBI is considered like a barometer for the Indian economy…

26 Aug

Gold price relapse in India: Check 22 carat price in your city on August 25

Priyanka RoyBusiness, latest

Gold price in India today: On August 25, gold prices in India were around Rs 73,000 per 10 grams. The rate of 24 carat gold of highest purity was Rs 73,040 per 10 grams. For those considering jewellery, 22-carat gold, known for extra durability due to its light alloy mix, was priced at Rs 66,950 per 10 gram.In contrast, the price of silver was Rs 88,000 per kg. retail cost of gold in india The retail price of gold in India, which represents the final cost per unit weight to consumers, is shaped by many factors beyond its intrinsic value.

24 Aug

TKM reaffirms its steadfast commitment to advancing gender equality and empowering women within its workforce and beyond

Business BureauBusiness

In recognition of Women's Equality Day on August 26th, Toyota Kirloskar Motor (TKM) reaffirms its steadfast commitment to advancing gender equality and empowering women within its workforce and beyond. Aligning with the United Nations Sustainable Development Goals (SDGs), particularly SDG 5 (Gender Equality) and SDG 8 (Decent Work and Economic Growth), TKM has initiated a series of transformative measures aimed at fostering an inclusive and diverse workplace. As part of its long-term vision, TKM has set a target to increase the representation of women in its workforce to 30% by 2030. To achieve this, TKM has implemented a series of…

24 Aug

GNRC Hospitals, Sixmile is breaking new ground in spine surgery by offering day care procedures

Business BureauBusiness

GNRC Hospitals, Sixmile is breaking new ground in spine surgery by offering day care procedures that allow patients to walk home the very same day. This innovative approach to spine surgery is relatively unexplored in India, with only a few centres performing such surgeries in a day care setup. However, GNRC Hospital is leading the way, regularly performing these minimally invasive spine surgeries, which allow patients to return home without spending a night in the hospital. In a statement welcoming the press and citing the achievement, Dr Ram Kumar Goyal, Senior Neurosurgeon from GNRC Sixmile said, “In India, the mere…

24 Aug

Yes Bank shares upgrade on credit rating upgrade, see details

Priyanka RoyBusiness, latest

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…

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…

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…

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…

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…