Business

20 Jun

SBI to raise ₹20,000 crore through long-term bonds in FY2025

Priyanka RoyBusiness, News

State Bank of India (SBI) announced board approval to raise up to ₹20,000 crore through long-term bonds in FY 2024-25. The central board meeting on June 19, 2024, approved raising funds through public issue or private placement.At the time of writing, SBI shares are trading at ₹846.65 which is 0.70% lower than its previous close. The stock has seen a total rise of 49% in the past year and 32% since the beginning of the year.In January, SBI raised ₹5,000 crore through perpetual bonds at a coupon rate of 8.34%. In the last financial year, SBI had issued 15-year infrastructure…

20 Jun

Galaxy AI redefines communication privacy and convenience, says Samsung

Business BureauBusiness

Samsung has ushered in a new era of mobile artificial intelligence with the launch of the Galaxy S24 series, the company's first AI-powered smartphones. At the forefront of this innovation is the hybrid AI approach, blending on-device and cloud-based AI to offer seamless, personalized experiences while maintaining robust privacy protections. "Mobile devices are essential in our daily lives, and AI unlocks unprecedented possibilities," said Won-Joon Choi, EVP & Head of Mobile R&D Office at Samsung Electronics. "Our hybrid approach ensures instant responsiveness and extra privacy, combining the best of on-device AI with the versatility of cloud-based solutions."A standout feature of…

20 Jun

5 benefits of Tata Magic Bi-Fuel for your daily commute

Business BureauBusiness

Tata Motors has introduced the Tata Magic Bi-Fuel, a groundbreaking addition to its commercial vehicle lineup, aiming to revolutionize last-mile transportation across India. The new model combines trusted performance with advanced features to meet the diverse needs of drivers and passengers from Uttar Pradesh to Kerala. Key Highlights of Tata Magic Bi-Fuel: Innovative iCNG Technology: Tata Motors' iCNG technology allows seamless switching between CNG and petrol, enhancing fuel efficiency and reducing consumption by starting in CNG mode by default. High Fuel Efficiency: Equipped with a 60-litre CNG tank and a 5-litre petrol tank, the Magic Bi-Fuel offers an impressive 300-kilometer…

19 Jun

Tata Nexon commemorates its 7th anniversary with 7 lakh unit sales

Business BureauBusiness

In a significant milestone for Tata Motors, the Tata Nexon, India's top-selling SUV for three consecutive years, has surpassed 7 lakh unit sales in its seventh year since inception. Launched in 2017, the Nexon quickly gained acclaim for its pioneering safety features, becoming India's first vehicle to achieve a 5-star safety rating from Global NCAP in 2018. The latest generation of Nexon continues to lead with recent 5-star ratings from both GNCAP and Bharat-NCAP. With over 41 awards to its name, the Nexon has seen rapid sales growth, particularly in the last two years, with more than 3 lakh units…

19 Jun

RGL Labs will stay in Assam; ONGC is fully committed to supporting local development

Business BureauBusiness

In response to the recent news items published in few newspapers regarding shifting of ONGC’s Regional Geosciences Lab (RGL) out of Assam, ONGC reiterates that there is no such plan to shift the present RGL from Sivsagar. ONGC reaffirms continued presence of Regional Geosciences Lab (RGL) in Assam. A new RGL with advanced technology has been constructed in Jorhat to meet the increasing operational needs of the entire North East Region, particularly Assam. It will also play a significant role towards providing access to resources fostering a conducive environment for learning, skill development and research works for students of NE…

19 Jun

Direct tax collections upturn 21% to Rs 4.62 lakh crore from higher corporate advance tax

Priyanka RoyBusiness, News

The first installment of advance tax, which was due on June 15, saw accumulation inflation 27.34% to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT) of Rs 1.14 lakh crore and Personal Income Tax of Rs 34,470 crore.Net direct tax collections have jumped by 21 percent to over Rs 4.62 lakh crore so far this financial year due to higher advance tax payments by corporates.The first installment of advance tax, which was due on June 15, saw collections inflation 27.34% to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT) of Rs 1.14 lakh crore and Personal…

19 Jun

Since its launch in 2017, the Nexon has consistently been India’s best-selling SUV for three consecutive years from 2021 to 2023, the company stated

Business CorrespondentBusiness

Launched in 2017, the Nexon has secured its position as India's top-selling SUV for three consecutive years from 2021 to 2023, the company said. Tata Motors, India's prominent automotive manufacturer, is celebrating the remarkable achievement of selling 7 lakh units of its leading SUV, the Nexon, in seven years. Launched in 2017, the Nexon has secured its position as India's top-selling SUV for three consecutive years from 2021 to 2023. To celebrate this landmark achievement of 7 lakh sales in 7 years and to express our sincere gratitude to the growing Nexon family, we are passing on exciting price benefits…

19 Jun

Care Health Insurance is urging individuals to prioritize the health of their fathers this Father’s Day

Business BureauBusiness

This Father’s Day, Care Health Insurance is urging individuals to prioritize the health of their fathers by proactively getting regular health check-ups and maintaining an exercise routine. This is so because, hypertension commonly known as high blood pressure, is a major risk factor for cardiovascular diseases and often goes unnoticed due to its asymptomatic nature. Hypertension, a lifestyle ailment linked to poor diet, insufficient physical activity, high stress levels, and poor lifestyle choices, has increased the risk of heart attacks, strokes, and other serious health conditions. Regular monitoring and management are crucial to prevent its severe consequences. Care Health Insurance’s…

19 Jun

Blue Star announces 100+ new AC models, targets expansion amid rising demand

Business BureauBusiness

Blue Star Limited has announced its ambitious plans for the upcoming summer season with the launch of an extensive lineup comprising over 100 new models of room air conditioners. This diverse range includes a mix of affordable and premium options across inverter, fixed speed, and window AC categories, strategically priced to appeal to a broad spectrum of consumers. The company's strategic move comes amidst a significant uptick in demand for air conditioning units, driven by a burgeoning middle-class with increasing disposable incomes. Blue Star is particularly eyeing first-time buyers in Tier 2, 3, and 4 markets, as well as customers…

18 Jun

BREAKING: Jio Down? Network Outage Disrupts Thousands of Users Across India

Business CorrespondentBusiness

Jio, a leading telecom provider, experienced a huge network outage, impacting thousands of users across the country on Tuesday(18th of June 2024), with widespread complaints about the inability to use essential social media applications such as YouTube, WhatsApp, Snapchat, Instagram and Google. Downdetector, a platform monitoring real-time outages, recorded complaints from 2,437 individuals facing connectivity issues with their Jio services. The problem turned worst around 1:42 PM, resulting in widespread disruption for users who depend on the network for important communication and internet access. Several users took to X (formerly Twitter) to address their grievances. A user wrote, "#Jio network…