Business

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…

22 Aug

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

Priyanka RoyBusiness, latest

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…

21 Aug

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

Priyanka RoyBusiness, latest

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…

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…

20 Aug

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

Priyanka RoyBusiness, latest

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…

20 Aug

Nagaland embraces future-ready disaster management with SBI General Insurance’s innovative parametric solution

Business BureauBusiness

In a pioneering advancement for disaster management, Nagaland has partnered with SBI General Insurance to deploy the cutting-edge Nagaland Disaster Risk Transfer Parametric Insurance Solution (DRTPIS). This innovative initiative is set to transform the state’s approach to managing natural calamities, marking a significant leap forward in risk management technology. The DRTPIS, outlined in a new three-year Memorandum of Understanding (MoU), integrates advanced parametric insurance technology to provide comprehensive coverage against extreme weather events, including excess and unseasonal rainfall. This tech-driven solution promises to expedite recovery processes and mitigate financial impacts from natural disasters, addressing the growing need for rapid and…

17 Aug

Gold decrease by Rs 400; Silver rises by Rs 800

Priyanka RoyBusiness, latest

According to the All India Bullion Association, the price of gold in the national capital fell by Rs 400 to Rs 72,750 per 10 grams on Friday.In the previous session, the precious metal had closed at Rs 73,150 per 10 grams.Commodity markets were closed on Thursday on the occasion of Independence Day. Silver prices rose by Rs 800 to Rs 84,000 per kg, from Rs 83,200 per kg at the previous close.Meanwhile, gold of 99.5 percent purity fell by Rs 400 to Rs 72,400 per 10 grams. In the last session it had closed at Rs 72,800 per 10 grams.On…

16 Aug

Free India from the menace of illicit tobacco trade

Business BureauBusiness, North East

This Independence Day, Philip Morris International’s (PMI) India affiliate, IPM India, reinforces its commitment towards illicit tobacco trade prevention to safeguard India’s economic interest & protect consumers. Illicit tobacco trade is a major threat and growing challenge worldwide. India has witnessed a significant rise in illicit in recent years and it only seems to rise with time. As per 2022 FICCI Cascade study, the overall market for illegal cigarettes in India is estimated to be at ₹22,930 crore. As per the reports, the total loss to the Govt. of India estimated for 2022, on account of the illicit markets in…

16 Aug

Itanagar hosts energetic K-Pop contest as regional rounds progress

Business BureauBusiness

The Itanagar regional round of the All India K-Pop Contest 2024 drew significant attention as K-Pop fans flocked to the Dorjee Khandu State Convention Hall. This event, part of a nationwide search for K-Pop talent, featured a vibrant display of performances from 77 participants selected from 415 online registrations. In the dance category, 'The Trend' stole the show with a captivating routine to Stray Kids' 'God’s Menu,' while Dorothi Hazarika emerged victorious in the vocal category with Ailee's 'I Will Go To You Like The First Snow.' Both winners will advance to the semi-finals in New Delhi on October 19.The…

16 Aug

State Bank of India inflation MCLR by 10 bps for all tenors

Priyanka RoyBusiness, latest

State Bank of India (SBI) has increased the marginal cost of lending rate (MCLR) by 10 basis points (bps), effective from today. The MCLR hike by SBI comes days after the Reserve Bank of India (RBI) left the repo rate unchanged at 6.5 percent. Overnight and one month MCLR have been increased to 8.2 percent and 8.45 percent respectively. The revised rate for six-month MCLR is 8.85 percent, which was earlier 8.75 percent. The bank will charge MCLR of 8.95 percent on one year loan. The revised MCLR on loans with tenures of two years and three years is 9.05…