Business

18 May

As per the Bloomberg Billionaires Index the number of billionaires with over $100 billion wealth has reached 15 for the first time

Ashish MajumderBusiness

Recently the number of billionaires with over $100 billion wealth has reached 15 for the first time, as per the Bloomberg Billionaires Index. In fact the list includes Bernard Arnault, Jeff Bezos, Elon Musk, Mark Zuckerberg, Larry Page, Bill Gates, Sergey Brin, Steve Ballmer, Warren Buffet, Larry Ellison, Michael Dell, Mukesh Ambani, Carlos Slim, Gautam Adani and Francoise Bettencourt Meyers. This is actually very good news as people are becoming rich and creating new records. Today India is very big economy and has a great importance in whole world. Due to this reason India has many rich people who came…

18 May

Samsung introduces enhanced Samsung Care+ program, redefines customer support standards

Business BureauBusiness

Samsung has introduced a significant enhancement to its acclaimed Samsung Care+ program, aimed at redefining industry benchmarks for customer support. This strategic move underscores Samsung's ongoing commitment to prioritizing consumer needs and elevating service excellence to new heights. The upgraded Samsung Care+ program now offers users unparalleled benefits without any additional charges, allowing them to make two claims annually covering screen protection, accidental, or liquid damage protection plans. This enhancement reflects Samsung's proactive approach to enhancing customer experience and satisfaction.As the exclusive authorized program for Galaxy devices, Samsung Care+ guarantees 100% coverage without depreciation, along with convenient walk-in services and…

18 May

India’s economic flourish forecast for 2024 has been revised by the United Nations to about 7%

Priyanka RoyBUSINESS

The United Nations has revised India's growth projections for 2024, with the country's economy now projected to grow about seven percent this year, driven mainly by strong public investment and resilient private consumption.“India's economy is projected to grow by 6.9% in 2024 and 6.6% in 2025, driven mainly by strong public investment and resilient private consumption,” said the World Economic Situation and Prospects to mid-2024 released on Thursday. "Even though weak external require will continue to weigh on merchandise export growth, exports of pharmaceuticals and chemicals are expected to expand strongly". The mid-year update projected economic growth of 6.9% for…

17 May

Endurance Technologies’ share price flourish more than 14% on strong Q4 results. Time to sell, buy or hold?

Priyanka RoyBusiness

Endurance Technologies' share price rose more than 14% in Friday's session following the company's strong Q4 results. The company's consolidated profit after taxes (PAT) for the quarter ended March rose 54% year-on-year to ₹210.2 crore from ₹136.5 crore, according to exchange filings. Endurance Technologies' consolidated total income grew 20% year-on-year to ₹2,255.2 crore from ₹2,711.3 crore. Share price of Endurance Technologies opened at ₹2,202.25 on BSE today, the stock touched an intraday high of ₹2,317.55 and an intraday low of ₹2,166.45.According to Ruchit Jain, Principal Research Analyst at 5paisa, the share price of Endurance Technologies is forming a higher top…

17 May

Nepal bans Indian spice brands Everest and MDH, starts test for ethylene oxide

Business CorrespondentBUSINESS

After Singapore and Hong Kong, Nepal has also took a decision to ban the consumption and sale of spices made by Everest and MDH amid concerns over traces of harmful chemicals in the products. Nepal's Department of Food Technology and Quality Control has began testing the spices from the two Indian brands for ethylene oxide, a cancer-causing pesticide, ANI reported. "Everest and MDH brand spices have been banned from import... we also have banned the sale of them on the market. This comes after the news about traces of harmful chemicals in the spices," Mohan Krishna Maharjan, spokesperson of Nepal's…

17 May

12th death anniversary of Justice Dr B P Saraf in Guwahati

Business CorrespondentBusiness

On the occasion of 12th death anniversary of Justice Dr B P Saraf , International Human Rights Council , Guwahati Chapter and Marwari Yuwa Manch , Abhayapuri, Balipara, Goreswar, Guwahti Amrit, Guwahati Uday Amrit, Hailakandi, Lakhipur, Makum, Nagaon, Roha, Silapathar, Silchar Titans , Branches took out various programs to mark the occasion and pay tribute to the departed noble soul . Food & beverages were distributed at – Monalisa Society- Guwahati, Pramod Talukdar old age home- Beltola, Missionary of Charity – Jhalukbari & Shantipur, Moksha old age home Maligaon , TRP Road, Bhootnath, Jail Road, Railway Station, Paltan Bazar &…

17 May

Samsung Introduces Three New Refrigerators with Next-Generation AI Inverter Compressors

Business BureauBusiness

Samsung, India's largest electronics brand, has launched three new refrigerators to enhance smarter living in homes by allowing consumers to customize their choices. The new refrigerators feature Samsung’s next generation Artificial Intelligence-powered Inverter Compressor. The AI Inverter Compressor, the heart of Samsung’s new refrigerators, transforms the traditional internal design by optimizing motor and energy efficiency while saving electricity costs. Samsung’s eighth generation compressor brings AI to the fore - marking a revolutionary change from its first compressor introduced 27 years back. The AI Inverter Compressor is backed by a 20-year warranty, ensuring its long-term performance and energy efficiency. The new…

17 May

IndiaSkills Competition 2024 commences and will go on till 19th May 2024

Business BureauBusiness

The IndiaSkills Competition 2024, the largest skill competition in India, has begun and will continue until May 19th, 2024. The Ministry of Skill Development and Entrepreneurship (MSDE) held an inauguration ceremony in Yashobhoomi, Dwarka, attracting over 900 candidates from 30+ states and Union Territories and 400+ industry experts. The National Skill Development Corporation (NSDC) is organizing a national competition to showcase 61 skills, from traditional crafts to cutting-edge technologies. The event will be held on 47 onsite and 14 offsite in Karnataka, Haryana, Uttar Pradesh, and Gujarat. Additionally, participants will participate in 9 exhibition skills like drone-making, textile-weaving, leather-shoemaking, and…

16 May

PhonePe & LankaPay to strengthen UPI payment acceptance in Sri Lanka

Business CorrespondentBUSINESS

PhonePe on Wednesday(15, May 2024) joined hands with LankaPay to allow its users to pay using UPI across Sri Lanka. To mark the partnership, PhonePe said its app users traveling to Sri Lanka can do payments using UPI across LankaPay QR merchants. The transactions will be promoted by the UPI and LankaPay National Payment Network. Users can now scan LankaQR code to make secure and quick payments without carrying cash or calculating currency conversions. The amount will be debited in INR, displaying the currency exchange rate. PhonePe's CEO, International Payments, Ritesh Pai, said the partnership with LankaPay offers unparalleled convenience…

16 May

LIC will get 3 more years to sell stake up to 10%

Priyanka RoyBusiness, Economy

Mumbai: SEBI has extended the deadline for LIC to acquire 10% public shareholding by three years. The decision, which was communicated through a letter dated May 14, 2024, gives LIC time till May 16, 2027, to meet this requirement.LIC was listed on stock exchanges on May 17, 2022, following a Rs 21,000 Crore IPO, which resulted in the government's stake being reduced to 95%.Rule 19(2)(b)(iv) of the Securities Contracts (Regulation) Rules, 1957 requires that companies initially sell at least 5% of their shares to the public. Additionally, public shareholding will have to increase to at least 10% within two years…