Business

16 Jul

CMF launches Phone 1, Buds Pro 2 and Watch Pro 2 in India

Business BureauBusiness

CMF, a sub-brand of the London-based tech giant Nothing, has launched its latest devices: CMF Phone 1, CMF Buds Pro 2, and CMF Watch Pro 2, with sales beginning today at 12 PM IST. The CMF Phone 1 stands out with its MediaTek Dimensity 7300 5G processor, offering unparalleled performance. It features a 5000 mAh battery for two days of use, up to 16 GB RAM, a Sony 50 MP rear camera, and a 16 MP front camera. The 6.67” Super AMOLED display with a 120 Hz adaptive refresh rate ensures a smooth user experience. The CMF Watch Pro 2…

16 Jul

Indus Towers partners with ASDMA for distribution of flood-relief materials

Business BureauBusiness

Indus Towers, one of the world’s largest telecom infrastructure companies has partnered with Assam Disaster Management Authority (ASDMA) for distribution of flood-relief materials. Indus Towers’ team is continuously working towards ensuring connectivity, with the ground team reaching difficult locations with boats. 50 field employees and 378 technicians are working around the clock to restore digital access. 50 employees of Indus Towers, Northeast are on the field to deliver the relief packages across 18 camps sites -Dhubri, Silchar, Karimganj, Dhemaji, Lakhimpur, Dibrugarh, Morigaon, Bokakhat, Hojai, Boko, and Nalbari. The relief packages include water, milk, ready –to-eat food items, instant food, torches…

16 Jul

SBI, BOB expansion MCLR by 5-10 bps

Priyanka RoyBusiness, News

Public sector lenders including State Bank of India and Bank of Baroda have growth their marginal cost of funds based lending rates (MCLR). The move is likely to be followed by other lenders as well, resulting in an increase in the equated monthly installments (EMIs) of borrowers.The country's largest lender State Bank of India (SBI) has increased MCLR by between 5 to 10 basis points (bps) on various tenors, effective Monday (July 15). One basis point is 100th⁸ of one percentage point.The bank has revised its one month MCLR by 5 bps from 8.3 percent to 8.35 percent. According to…

15 Jul

Bandhan Bank launches Enhanced Trade Products

Business BureauBusiness, North East

Bandhan Bank has announced an array of enhanced trade products designed to streamline and secure global business transactions. This strategic launch aims to meet the growing needs of businesses engaged in international trade, offering solutions such as Remittances, Letters of Credit (LCs), Bank Guarantees (BGs), Export Import Collection bills, and bill/invoice discounting. Rajinder Babbar, Executive Director and Chief Business Officer of Bandhan Bank, stated, “We are committed to supporting our customers in navigating the complexities of international trade. With these enhanced trade products, we aim to provide robust financial tools that empower businesses to expand their global footprint with confidence.…

15 Jul

Deepinder Goyal became a billionaire due to the rise of Zomato; The stock has increased 83% so far in 2024

Priyanka RoyBusiness, News

Zomato's share price rose more than 4% to its fresh 52-week high in Monday's session, a day after the food delivery aggregator said it is increasing its platform fee from ₹5 to ₹6. It is anticipated that the new platform fees, which will be implemented in certain areas like Bengaluru and Delhi, will have a somewhat beneficial impact on business profitability. On Monday, Zomato became a member of the elite group of companies with a market capitalization (m-cap) of ₹2 trillion. Zomato share price opened at an intraday low of ₹225 on BSE, the stock touched an intraday high of…

15 Jul

Chanakya IAS Academy introduces SUPER 20 batch for UPSC 2025 in Guwahati

Business BureauBusiness

Chanakya IAS Academy, Guwahati, is revolutionizing UPSC exam preparation with its pioneering 'SUPER 20 Batch'. This advanced program leverages technology to offer aspirants an unparalleled educational experience, blending traditional mentorship with modern learning tools. Scheduled to commence on August 20, 2024, the SUPER 20 Batch introduces a dynamic hybrid learning model integrating offline, online, and recorded classes. This approach not only accommodates diverse learning preferences but also enhances accessibility and flexibility for students. Coupled with a low teacher-student ratio of 1:20, the program ensures personalized attention and comprehensive guidance throughout the 8-month curriculum covering Prelims, Mains, and Interview stages. Mrs.…

13 Jul

Industrial production growth to 7-month high of 5.9% in May: Government data

Priyanka RoyBusiness, News

India's industrial output rose to a seven-month high of 5.9 percent in May 2024, mainly due to good performance by the power and mining sectors, according to official data released on Friday. Factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5 percent in April, 5.4 percent in March, 5.6 percent in February and 4.2 percent in January 2024.IIP was 4.4 percent in December and 2.5 percent in November 2023. The previous highest level of IIP was recorded at 11.9 percent in October 2023. During the April-May period this financial year, IIP growth was 5.4…

12 Jul

HCL Tech Q1 results: Net profit for FY2025 upgrade 20.45%, revenue from operations up 6.69%

Priyanka RoyBusiness, News

HCL Tech Q1 results: HCL Technologies Ltd (HCLTech) on Friday, July 12, announced its Q1 results for the financial year 2024-25 with a 20.45 per cent rise in net profit at ₹3,534 crore as compared to ₹ An increase of Rs 4,257 crore was recorded also same quarter of last year.The company's revenue from operations increased by 6.69 per cent to ₹28,057 crore in Q1FY2025, compared to ₹26,296 crore in Q1FY2024. The results were better than market expectations as the company's net profit and revenue increased in the April to June quarter.“HCLTech delivered INR revenue jump of 6.7% YoY, which…

12 Jul

Swagat Introduces Groundbreaking Hernia Repair Technique with Fasciotens

Business CorrespondentBusiness

Swagat is proud to announce the introduction of an innovative hernia repair technique, Fasciotens, pioneered by the esteemed Dr. Gereon Hill from Germany. This revolutionary method addresses the challenges faced by surgeons in treating complex abdominal wall defects, which often cannot be closed using traditional methods. A hernia, defined as any weakness in the abdominal wall, has historically presented significant challenges to surgeons. Over the past two decades, the medical field has seen a significant shift towards minimally invasive procedures, with keyhole surgery becoming the standard for most hernia treatments. However, complex hernias, where the abdominal wall defect is extensive,…

12 Jul

ICICI Pru iProtect Smart launches ‘Life Continuity’ option, enhances financial security nationwide

Business BureauBusiness

In a significant move aimed at bolstering financial security for families across India, ICICI Prudential Life Insurance has introduced the ‘Life Continuity’ option as part of its flagship term insurance plan, ICICI Pru iProtect Smart. This innovative feature ensures that beneficiaries receive the insurance claim amount as a steady monthly income, providing essential stability during unforeseen circumstances. Acknowledging the unpredictable nature of life, ICICI Pru iProtect Smart not only covers outstanding liabilities but also supports long-term financial goals, such as children’s education and retirement planning. The plan’s critical illness benefit, covering 34 major ailments like cancer and kidney failure, offers…