Business

31 May

UAE ANNOUNCES MIDDAY WORK BREAK FROM JUNE 15

Business CorrespondentBUSINESS

The Ministry of Human Resources and Emiratisation made an announcement of the Midday Break - prohibiting work under direct sunlight and in open-air areas across the UAE - between 12:30 and 15:00, from 15th June until 15th September, 2024. The Midday Break takes into consideration the need to keep regularity in certain jobs that affect the community as a whole. Jobs which are required to be done without uninterruption are exempted from implementing the decision for technical reasons. These include laying asphalt or pouring concrete if it is inconvenient to postpone these tasks until after the Break. Also on the…

31 May

India Q4 GDP data live updates: FY24 expansion likely to reach 8%, Q4 print moderate on agriculture slowdown

Priyanka RoyBusiness, Economy, News

India Q4 GDP data live updates: India's gross domestic product (GDP) for the January-March quarter (Q4FY24) and full year (FY24) of the financial year 2023-24 (Q4FY24) will be released on Friday, May 31. The macroeconomic data will come only days before the high-stakes Lok Sabha election results 2024 on Tuesday, June 4.In the last October-December quarter (Q3FY24), the economy grew at the fastest pace in six quarters at 8.4% remaining the fastest-growing major economy in the world.In the current economic scenario, the International Monetary Fund (IMF) has raised India's GDP growth forecast by 30 basis points to 6.8% in FY2024,…

31 May

Fortis Bannerghatta leads with Karnataka’s first Edwards Sapien 3 Ultra Valve surgery

Business BureauBusiness

Fortis Hospital Bannerghatta Road has set a new benchmark in cardiac care by performing Karnataka's first Edwards Sapien 3 Ultra valve replacement surgery. This landmark Transcatheter Aortic Valve Replacement (TAVR) procedure was successfully completed on a 75-year-old patient from Mizoram in just 45 minutes.Under the expertise of Dr. Srinivas Prasad BV, Senior Consultant - Interventional Cardiology, the procedure restored mobility to Mr. Vanlalzaunga, who had been wheelchair-bound for four months. Remarkably, he walked unassisted within four hours post-surgery. Dr. Prasad highlighted the benefits of this advanced technology: “The Edwards Sapien 3 Ultra valve offers improved sealing and reduced complications, enabling…

31 May

Desh Bhagat University Elevates Educational Excellence and Empowerment in North East

Business CorrespondentBusiness

Desh Bhagat University, Mandi Gobindgarh, Punjab, recently accredited with NAAC A+ Grade, organized a press conference in Guwahati, Assam, dedicated to advancing educational reform and organizing an Educators Meet in association with International Education Consultancy,Assam for promoting Programs/Courses in different domains after 10+2 for getting admission in Higher Education.DBU has taken this initiative as a part of Corporate social responsibility. The press conference was held today at Hotel Taj Vivanta, Guwahati and Dr.Sandeep Singh, President of Desh Bhagat University, Punjab addressed the media persons on the university’s commitment to championing the New Education Policy 2020 (NEP 2020) and celebrating educational…

30 May

RBI balance sheet to progress 11.07% to Rs 70.47 lakh Crore in FY2024

Priyanka RoyBusiness, News

The balance sheet of the Reserve Bank of India increased by 11.07 percent to Rs 70.47 lakh Crore in the financial year ending March 31, 2024, compared to Rs 63.44 lakh Crore in the financial year 2022-23.The growth on the asset side was led by growth in foreign investment, gold and loans and advances by 13.9 per cent, 18.26% and 30.05% respectively, the RBI said in its annual report for 2023-24.As of March 31, 2024, domestic assets stood at 23.31%, while foreign currency assets, gold (including gold and gold deposited in India) and loans and advances given to financial institutions…

30 May

Akasa Air starts direct flights from Gorakhpur to Delhi, Bengaluru

Business CorrespondentBusiness

Akasa Airline has started direct flights connecting Gorakhpur with Delhi and Bengaluru. Apart from Gorakhpur, the airline, which began flying in August 2022, flies to four other cities in Uttar Pradesh -- Ayodhya, Varanasi, Lucknow, and Prayagraj. The inaugural flight from Gorakhpur to Delhi started on Wednesday(May 29), the airline said in a release on Thursday. Recently, Akasa Air started international services and at present, it has flights to Doha and Jeddah.

30 May

NSDC forms a strategic partnership with ILO

Business BureauBusiness

The National Skill Development Corporation (NSDC) and the International Labour Organization (ILO) have announced a strategic partnership to advance skill development and lifelong learning in India and globally, furthering the Skill Mission. This collaboration aims to empower individuals across the globe, by equipping them with essential competencies and qualifications, thereby enhancing employability and sustainable economic growth. The MoU was signed by Mr. Ved Mani Tiwari, CEO, NSDC and MD, NSDC International, and Mr. Sangheon Lee, Director, Employment Policy, Job Creation and Livelihoods Department, ILO, reaffirming both organizations' commitment to leveraging their strengths and expertise in talent development. Speaking on the…

30 May

Religare Enterprises luminary Dr. Rashmi Saluja honored with International Buddha Peace Award

Business BureauBusiness

Dr. Rashmi Saluja, the Executive Chairperson of Religare Enterprises and Chairperson of GTTCI (Global Trade & Technology Council India), has been conferred with the prestigious International Buddha Peace Award. The accolade was presented during the 'Mahasaddhammajotikadhaja' Title conferring Ceremony at the Myanmar Embassy in New Delhi, a testament to Dr. Saluja's outstanding contributions to fostering peace and global harmony. The award ceremony, graced by the presence of His Excellency Mr. Moe Kyaw Aung, Ambassador of the Republic of the Union of Myanmar to India, underscored the significance of Dr. Saluja's endeavors in promoting peace amid the complexities of our modern…

29 May

Samsung introduces design thinking workshops for school students under ‘Solve for Tomorrow’ initiative

Business BureauBusiness

Samsung has launched design thinking workshops in select schools across the nation. This initiative, a key component of Samsung's acclaimed ‘Solve for Tomorrow’ program, aims to instill crucial skills such as critical thinking and creativity in students through the Human-Centered Design Thinking framework. Led by SP Chun, Corporate Vice President of Samsung Southwest Asia, the workshops seek to integrate design thinking education into the academic curriculum. Chun emphasizes the importance of nurturing innovation from an early age, stating that the workshops provide students with a unique opportunity to identify real-world issues and propose tech-based solutions. The workshops, tailored for students…

29 May

Jawa Yezdi Motorcycles accelerates customer care with mega service camp in Tinsukia

Business CorrespondentBusiness

Jawa Yezdi Motorcycles is gearing up to provide a turbocharged service experience to motorcycle enthusiasts in Tinsukia, Assam, with its upcoming Mega Service Camp. Scheduled to unfold over two days, from May 31st to June 1st, the event is tailored exclusively for owners of 2019 and 2020 Jawa models in the area. Hosted at Shyam Automobiles on Gela Pukhri Road, Tinsukia, the camp promises an exhaustive vehicle health check-up and complimentary replacement of specific components for qualifying owners. The presence of leading original equipment manufacturers such as Motul, Amaron, and Ceat Tyres will ensure top-tier support and assistance for attendees.In…