Business

29 Jun

Home loan: RBI data shows outstanding upsurge by Rs 3.4 lakh crore in last one year

Priyanka RoyBusiness, News

Home Loans: Recent data shared by the Reserve Bank of India showed that outstanding home loans grew at a faster rate in the last one year to May 2024. The credit growth is attributed to the housing sector, which represents the largest share of the personal loan segment. There was an increase of 16.9% in May 2024 by Rs 3.40 lakh crore, taking the total to Rs 23.49 lakh crore. Home loans increased by 13.8% in May 2024 compared to the previous year and totaled Rs 20.09 lakh crore.In comparison, personal loan growth slowed to 17.8% year-on-year in May 2024,…

29 Jun

Lisa releases a new single and video for her song “Rockstar”

Business BureauBusiness

LISA (Lalisa Manobal) releases her new single, “Rockstar,” via LLOUD Co./RCA Records. “Rockstar” showcases LISA’s ability to effortlessly flow between dexterous raps and high-energy pop vocals as she sings, “Gold teeth sitting on the dash she a rockstar. Make your favorite singer wanna rap baby lala.” The new single was produced by Ryan Tedder and Sam Homaee. Listen to “Rockstar'' HERE. LISA has released the official video for "Rockstar," directed by Henry Schofield and choreographed by Sean Bankhead. “Rockstar'' is LISA’s first solo single. The video, shot in Bangkok, showcases Lisa's authentic Thai culture and street life, showcasing her true…

29 Jun

Honest Tea introduces its #FindYourGood campaign in collaboration with Twinkle Khanna

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Honest Tea, a ready-to-drink beverage with organic green tea announces their newest #FindYourGood campaign in collaboration with celebrated author, columnist, and wellness enthusiast Twinkle Khanna. The newly launched film depicts Twinkle Khanna finding her calm amidst daily chaos, with #HonestTea, made from organic green tea, sourced from the famous Makaibari Tea estate. Honest Tea is launching a campaign to encourage people to define their own way of relaxation, offering two delicious flavors: Lemon-Tulsi and Mango. The campaign will be launched through social films and digital activations, with a campaign film created by WPP Open X. The film captures a relatable…

29 Jun

Classic Nokia 3210 Revived in Indian Markets with YouTube and YouTube Music Support

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HMD announced the relaunch of the legendary Nokia 3210, marking the 25 years’ anniversary of its original release. The iconic phone that defined a generation is back in the Indian markets, and is available in three bold and nostalgic colors: Scuba Blue, Grunge Black, and Y2K Gold. In a world where digital detoxing is becoming increasingly popular, the Nokia 3210 offers a perfect solution for those looking to disconnect from the endless stream of social media, internet, and apps. The Nokia 3210 is a modern phone with a retro design inspired by 1999, a 1450 mAh battery, and a classic…

28 Jun

RBI expresses concern over high default levels in personal loans below Rs 50,000

Priyanka RoyBusiness, News

The Reserve Bank of India (RBI) on Thursday expressed concern over the consumer loan segment, especially the personal loan segment below Rs 50,000, where delinquency levels remain high. RBI said more than half of the borrowers in the customer loan segment have 3 live loans running at the same time. “In the consumer credit sector, there are some concerns which require close monitoring. First, delinquency levels remain high among borrowers with personal loans less than Rs 50,000,” RBI's Financial Stability Report (FSR) said. At present, personal loans below Rs 50,000 constitute 0.4 percent of the total outstanding retail loans of…

27 Jun

Zomato jump its ‘Restaurant Service Centers’ across India

Priyanka RoyBusiness, News

Online food ordering and delivery platform Zomato on Thursday said it is expanding its 'Restaurant Service Centre', a one-stop solution to help restaurants expand across the country. Through its Restaurant Services Centre, Zomato currently provides services related to staffing and licensing in restaurants. Over the past six months, the Restaurant Service Center has already served over 3,200 restaurants and will be extended to all restaurants across India, irrespective of their arrangement with Zomato, the company said in a statement. The company seeks to provide assistance in overcoming the complexities of running a restaurant, from locating the ideal location and finding…

27 Jun

Experience the future of driving with the new Toyota Urban Cruiser Taisor

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Toyota Kirloskar Motor has introduced the Urban Cruiser Taisor, a compelling addition to its SUV lineup in India. Designed to blend Toyota’s SUV heritage with contemporary style and advanced technology, the Urban Cruiser Taisor aims to redefine the driving experience for Indian consumers. Highlighting its exterior, the Urban Cruiser Taisor features a distinctive front grille, sleek 16” alloy wheels, and dynamic All Black Painted Alloy Wheels on select variants, embodying both sophistication and sportiness. Engine options include the powerful 1.0L Turbo, efficient 1.2L Petrol, and eco-friendly E-CNG variants, catering to diverse customer preferences. Inside, the vehicle offers a spacious cabin…

27 Jun

Magenta Mobility and Tata Motors strengthen alliance with deployment of 100+ Tata Ace EVs

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Magenta Mobility, an integrated electric mobility solutions provider, solidifies its partnership with Tata Motors, India's largest commercial vehicle manufacturer, with the deployment of over 100 units of Tata Ace EV which include over 60 units of Ace EV and over 40 units of the recently launched Ace EV 1000. This deployment is part of the MoU inked between the two entities in October 2023, which targeted 500 units of the revolutionary Tata Ace EV. The Ace EV, powered by an EVOGEN powertrain, offers a 7-year battery warranty and a 5-year comprehensive maintenance package. It features a 27kW motor with 130Nm…

26 Jun

Reliance Industries shares jump 4%; Market valuation rose by Rs 80,359.48 crore

Priyanka RoyBusiness, News

The 30-share BSE Sensex closed at a new closing peak of 78,674.25, up 620.73 points or 0.80 percent.Shares of Reliance Industries surged 4 percent on Wednesday, taking its market valuation above Rs 20 lakh crore and helping benchmark indices close at record highs.The market bellwether stock closed 4.09 percent higher at Rs 3,027.40 on BSE. During the day, it rose 4.41 percent to hit a record high of Rs 3,037. It rose 3.87 percent to Rs 3,021.10 on NSE.The market valuation of the company increased by Rs 80,359.48 crore to Rs 20,48,282.28 crore. Reliance Industries is the most valuable company…

26 Jun

The next frontier of Galaxy AI is coming

Business BureauBusiness

The next frontier of Galaxy AI is coming. Prepare to discover the power of Galaxy AI, now infused into the latest Galaxy Z series and the entire Galaxy ecosystem. Get ready for a world of possibilities as we enter a new phase of mobile AI. On July 10, Samsung Electronics will host Galaxy Unpacked in Paris — where the iconic cultural nexus and trend epicenter becomes the perfect backdrop for the rollout of our latest cutting-edge innovations. The event will be streamed live on Samsung.com, Samsung Newsroom and Samsung’s YouTube channel at 3 p.m. CEST, 6 a.m. PDT, 9 a.m.…