Business

22 Jun

Shri Jayant Chaudhary advocates for blended learning at ITIs and NSTIs

Business BureauBusiness

Union Minister Jayant Chaudhary has initiated a transformative agenda for India's skill development landscape, following a rigorous evaluation of the Directorate General of Training (DGT) and its affiliated institutions. The review session, which included Industrial Training Institutes (ITIs), National Skill Training Institutes (NSTIs), and related bodies like the National Instructional Media Institute (NIMI) and Central Staff Training and Research Institute (CSTARI), highlighted the need for strategic upgrades to meet modern industry demands. Chaudhary praised the DGT's expansion efforts, adding over 5000 institutions in the past decade, but stressed the imperative for revitalization. He proposed a shift towards blended learning models…

22 Jun

Tata Motors introduces the One Million Plantation initiative in the tribal interiors of Maharashtra

Business BureauBusiness

Tata Motors has launched a transformative environmental initiative in Maharashtra's Palghar district, planting over one million trees to enhance the region's green cover. Spanning 13,000 acres of previously unused land, the One Million Plantation project aims to combat distress migration among local farmers while promoting biodiversity. Implemented under the Integrated Village Development Programme (IVDP), the initiative has already seen the successful establishment of 1.5 million fruit and forest saplings across eight blocks. This effort not only rejuvenates barren landscapes but also provides sustainable livelihoods to over 13,000 farmers. Through partnerships with the BAIF Institute for Sustainable Livelihoods and Development (BISLD)…

22 Jun

Hyundai India Launches ‘I Choose Hyundai’ Campaign

Business CorrespondentBusiness

Hyundai Motor India recently launched its new brand campaign titled 'I Choose Hyundai'. This comprehensive campaign focuses on Hyundai's wide range of products, popular among people across India, with the theme #IndiaDriveHyundai. The 'I Choose Hyundai' campaign shows why Indian customers prefer Hyundai, emphasizing the variety of models, transmissions, features, and fuel options available. To connect easily with regional audiences, the TV ads are available in six regional languages: Marathi, Bengali, Telugu, Kannada, Malayalam and Tamil ensuring a strong and enduring impact across different regions. Speaking about the campaign, Mr. Tarun Garg, COO, Hyundai Motor India Limited, said: "Our latest…

22 Jun

Tata AIA announces INR 1,465 crores, its highest -ever bonus payout

Business BureauBusiness

Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India's leading life insurers, has declared a bonus of INR 1,465 crores for Participating (PAR) policyholders for the financial year 2024. The bonus payout announced is the highest ever paid by the Company, showcasing an increase of 24%overthe INR 1,183 crore bonuses announced in FY23. Tata AIA's robust risk management practices and strong investment management capabilities have consistently led to higher bonuses for policyholders, thereby gaining the trust of consumers who renew their policies. During FY24, Tata AIA achieved industry-leading Persistency performance (based on premium), ranking #1in 4 cohorts -…

22 Jun

NESFB increases its FD rates to 9.75%, marking the highest interest rate in the country

Business BureauBusiness

North East Small Finance Banks (NESFB) has increased its fixed deposit (FD) rates to 9.75%, marking the highest interest rate in the country. This 50 basis-point increase demonstrates the bank's commitment to providing the most valued return to its customers. NESFB is altering the landscape of savings growth by offering rates as high as 9.25% for the general public and 9.75% for senior citizens. NESFB’s revised FD rates offer the highest rates across the banking sector. This increase in fixed deposit rates gives customers, particularly senior citizens, the potential to earn inflation-beating returns on their fixed deposits. Given the high…

22 Jun

Manufacturing PMI grew up to 60.9 in June, job creation fastest in 18 years: Survey

Priyanka RoyBusiness, News

According to the HSBC survey, the final manufacturing, services and composite purchasing managers' index (PMI) figure rose 0.4 percentage points to 60.9 in June, compared with a revised figure of 60.5 in May.According to a survey, business activity in the country became stronger in June due to growth in manufacturing and services sectors and the pace of job creation became the fastest in 18 years.“The composite output index expansion further in June, supported by an grow in new orders, which led companies to rise hiring in both sectors. Input prices softened slightly in June, resulting in margin improvement, especially for…

21 Jun

Vodafone Idea shares expansion more than 4%, up 26% in a month; What’s driving the rally here

Priyanka RoyBusiness, News

Shares of Vodafone Idea rose 3.51 percent after the telecom service provider reported it met its 5G rollout obligations across all circles. The company has 5G spectrum in 17 circles and has met the rollout needs for both spectrum bands.According to CNBC Awaaz, Vodafone Idea has completed network testing in both spectrum bands conducted by the Department of Telecommunications and has fulfilled its rollout obligations, incurring a fine of around ₹1 crore.In particular, it is mandatory to meet rollout obligations as per the license terms. Failure to complete the rollout on time could have resulted in action against the company,…

21 Jun

Rethinking India’s Tobacco policy: Calls grow to reassess ban on alternative products

Business BureauBusiness

India faces a significant burden of disease, with a significant percentage of deaths due to non-communicable diseases like heart disease, stroke, cancer, and diabetes. NCDs are largely preventable through healthy lifestyle choices, such as eating a healthy diet, getting regular exercise, and not smoking, or at least adopting responsible smoking choices. Nirupama Soundararajan and Arindam Goswami, in a recent article, put light on balancing health and choices. Nirupama and Arindam are both Partners at Policy Consensus Centre and are authors of the report “Re-evaluating the Ban on Alternatives to Conventional Smoking Tobacco Products”. India has implemented policies to promote a…

20 Jun

Blackberrys unveils a Father’s Day campaign featuring actor Randeep Hooda

Business BureauBusiness

Blackberrys, a leading contemporary Indian menswear brand known for its commitment to quality and innovation for over three decades celebrates Father's Day by recognizing the power of fathers in inspiring their children to #KeepRising despite all odd challenges. Celebrating this breed of fathers, Blackberrys, , has unveiled a touching Father’s Day campaign featuring actor-par-excellence Randeep Hooda and his father Ranbir Hooda. The brand values strong, confident fathers who drive their children to reach their full potential. The Indian menswear brand, known as India's 'fit expert', has launched a Father's Day campaign featuring an actor expressing gratitude to his father for…

20 Jun

Uber Green electric cabs launched in Calcutta, a step towards reducing carbon emissions

Business CorrespondentBusiness

Uber on Thursday(20th June 2024) announced the launch of its flagship electric vehicle service, Uber Green, in Kolkata, marking a step towards eco-friendly urban transportation. Now, Uber stands as the second ride-hailing service provider to offer EVs in the city, following Snap E, another brand operating with an all-EV fleet. "Enhancing the air quality in Kolkata is a shared duty we all must embrace. I commend Uber for introducing 'Uber Green' in Calcutta, a significant step towards reducing carbon emissions in our city," West Bengal Transport Minister Snehasis Chakraborty said. "This service allows residents to book zero-emission rides with ease…