Business

16 May

Limca Book of Records Commemorates Indian Athletic Triumphs on World Athletics Day

Business BureauBusiness

On World Athletics Day, the Limca Book of Records reverently pays homage to the exceptional achievements of Indian athletes, commemorating their unparalleled feats etched in the annals of sports history. The 33rd edition of the Limca Book of Records, under the theme 'India at her Best', stands as a testament to the indomitable spirit and relentless pursuit of excellence displayed by athletes across diverse disciplines. Among the illustrious names highlighted in this edition, Neeraj Chopra's historic gold medal win at the World Athletics Championship takes center stage, marking a monumental throw of 88.17 meters in the men's javelin final. Jyothi…

16 May

AR Rahman’s ‘Le Musk’ Embroiled in Copyright issues

Business BureauBusiness

Koshayojan Services Limited and MAI Labs LLC, entities under the MAI Group, known for their cutting-edge innovations in immersive experiences, have initiated legal proceedings against acclaimed music composer, A.R Rahman, along with other entities such as Positron, LLC, Intel Corporation, and The Feelies Limited who were involved in the production of a short cinematic sensory experience film titled 'Le Musk'. 'Le Musk' reportedly incorporates elements reminiscent of MAI Group's pioneering technology, raising questions about intellectual property rights and creative ownership in the entertainment industry. AR Rahman's 37-minute cinematic sensory experience, a unique virtual reality piece, utilizes scents and haptics for…

16 May

ExxonMobil commemorated 30 years of successful partnership with Mercedes-Benz India

Business BureauBusiness

ExxonMobil, a global leader in synthetic motor oils, recently commemorated 30 years of successful partnership with Mercedes-Benz India. The milestone event held at the Mercedes Benz India facility at Chakan, Pune, highlighted the enduring collaboration between the two pioneers, and their commitment to furthering innovation and mutual growth in the sector. ExxonMobil has worked closely with Mercedes Benz in order to produce and deliver synthetic motor oils that satisfy the changing demands of Mercedes Benz's expanding luxury range in India, which includes SUVs like the GLE and GLS, as well as the A-Class limousine and Mercedes Maybach S 580 limousines.…

16 May

Bajaj Allianz Life makes history with record-breaking bonus announcement

Business BureauBusiness

In a significant move, Bajaj Allianz Life has revealed its highest-ever bonus declaration for the fiscal year 2024. The company has earmarked an impressive Rs. 1,383 crores to be distributed among over 11.66 lakh policyholders invested in its participating products. This announcement marks a historic moment for the insurer, as it signifies the largest bonus payout in its 23-year history of such declarations. The bonus, derived from the surplus generated under the participating (with-profits) funds, is exclusively available to policyholders with traditional participating (with-profit) policies. All participating policies active as of March 31, 2024, qualify for this generous bonus scheme,…

15 May

Gold Rate Today: Price of 22 karat, 24 karat gold increased

Priyanka RoyBusiness

On Wednesday (May 15), MCX gold futures for June running out inch rose 0.13% to Rs 72,390 per 10 gram, while MCX silver futures for July expiry fell 0.04% to Rs 85,386.00 per kg.According to Good Returns, gold prices rise by Rs 40 to Rs 6,715 per gram for 22 karat gold and Rs 7,325 per gram for 24 karat gold (also known as 999 gold).

15 May

Cairn Oil & Gas Experiences Strong 19% Growth in Reserves & Resources

Business BureauBusiness

India's Cairn Oil & Gas, the largest private oil and gas exploration company, has reported a 19% year-on-year increase in its Reserves and Resources (R&R) portfolio, reaching 1.4 billion barrels of oil equivalent, bolstered by its expertise in resource evaluation and development planning. In addition to this robust portfolio, Cairn has a promising exploration portfolio that holds over 5 Bboe of prospective resources, to help drive India’s energy self-reliance. Cairn's Gross Proved Plus Probable (2P) reserves reached 250 million barrels of oil equivalent. Cairn's Reserve and Resource additions have exceeded production, resulting in a 533% Resource Replacement Ratio, a five-fold…

14 May

NSDC and IIT Guwahati Unveil Daksh Gurukul Skill Academy to Equip Youth with Modern Skills

Business BureauBusiness

The National Skill Development Corporation (NSDC) and Indian Institute of Technology Guwahati, has launched the Daksh Gurukul Skill Academy to offer credit-linked programs in new-age skills. The event was graced by Dr. B Kalyan Chaudhary, Principal Secretary, Skill Development, Government of Assam; Prof. Rajeev Ahuja (Director, IITG) and Prof. Gaurav Trivedi (Associate Dean- Faculty Affairs, Coordinator- Daksh Gurukul-IITG). Mr. Abhinav Mishra from NCVET, Mr. Pravesh Dudani, Academic Advisor-NSDC and Chancellor Medhavi Skills University, Dr. Mohan V Aware, Director, NIT Arunachal Pradesh, Prof. Eshankur Saikia from Guwahati University. Speaking on the occasion, India’s education and skilling ecosystem is witnessing one of…

14 May

On this Mothers Day, Johnson’s Baby unveils new digital film called ‘The Long Wait for Day 1

Business BureauBusiness

Johnson's Baby, a leading baby skincare company, has released a digital film titled 'The Long Wait for Day 1', which pays tribute to mothers and their journeys. On Mother’s Day, Johnson’s Baby’s latest film conceptualised by DDB Mudra celebrates the different journeys of mothers, including adoption, in vitro fertilization (IVF), or preterm and reinforces the brand’s commitment to supporting motherhood in all its forms. The film 'The Long Wait for Day 1', part of Johnson's Baby #PromisePehlePalSe campaign, follows the stories of Neha, Maya, and Geet, each embarking on their unique journeys to motherhood. Neha, who conceives through IVF after…

14 May

On Mother’s Day, Care Health Insurance Initiates Fight Against Rising Breast Cancer Rates in India

Business BureauBusiness

The Mother's Day Care Health Insurance underscores the significance of raising awareness about breast cancer, a significant global health concern for women. In the Southeast Asia region alone, breast cancer deaths are projected to rise to 61.7% by 2040, underscoring the imperative for proactive steps to tackle this illness. Recognizing the need of early detection, Care Health Insurance endeavours to work towards safeguarding the health and well-being of Indian women. With breast cancer incidence on the rise, particularly among women aged 25 to 59 years and risk factors across generations, it has become a necessity to make quality healthcare easily…

14 May

‘Lubricants market will boost well, EVs both an opportunity and a challenge’:

Priyanka RoyBusiness, Economy

Petroleum-based lubricants used in internal combustion engines (ICEs) are being threatened by the growing trend of electric vehicles (EVs), which run on batteries instead of engines. Gulf Oil Lubricants India Limited, part of the Hinduja Group-owned Gulf Oil International, is a leading player in the domestic lubricants market and is valued at around Rs 4,500 crore on the stock exchanges. In conversation with Aggam Walia, Ravi Chawla, Managing Director and CEO, Gulf Oil India, talks about tackling the EV threat, Gulf's acquisitions in the EV sector and the role of lubricants in improving fuel economy.The lubricants market, at least in…