Business

08 Oct

Garuda Construction & Engineering IPO finally debut today

Banasree SarkarBUSINESS

Garuda Construction and Engineering Ltd made its primary market debut today. On October 7, the company that provides civil construction services received ₹75 crore from anchor investors in preparation for its first public offering. Garuda Construction and Engineering's IPO price band is set at ₹92-95 per share, with a total offer value of ₹264.10 crore. Investors can subscribe to the initial share offering from today until October 10. Half of the issue size has been assigned to qualified institutional buyers, 35% to retail investors, and the remaining 15% reserved for NIIs. Interested investors may bid for a minimum of 157…

08 Oct

Akasa Air brings Bengali festivity to the skies with special Dussehra meal

Business BureauBusiness

In a remarkable blend of culinary tradition and modern air travel, Akasa Air is set to elevate the passenger experience with its Dussehra special meal offered through Café Akasa. This innovative initiative features authentic Bengali delicacies, including Hinge Aer Dal Kochuri, a spiced lentil-stuffed flatbread, Kaju Fulkopi, a savory cauliflower dish, and a Baked Rasgulla for dessert. Passengers can pre-book this exclusive meal throughout October 2024 via the Akasa Air website or mobile app, showcasing the airline's commitment to leveraging technology for enhanced customer service. As the festival of Dussehra symbolizes the victory of good over evil, Akasa Air's initiative…

08 Oct

Natco Pharma shares upgrade 4% on settlement order in US patent case on generic Ozempic

Priyanka RoyBusiness, News

Natco Pharma rallied 4 percent in morning trade on October 7 following the issuance of a settlement order in the United States patent case on generic Ozempic products. The stock price witnessed a strong rally and touched an intraday high of Rs 1,408.70 per share on the NSE.Mylan Pharmaceuticals Inc. and Novo Nordisk have reached a settlement of US patent litigation relating to generic Ozempic (semaglutide), the company announced in an exchange filing.NATCO and Mylan have partnered on the development of generic Ozempic products.The stock has registered a rise after falling for three consecutive days.As per data available on the…

07 Oct

MMTC-PAMP announces its strategic decision to expand its footprint in Guwahati

Business BureauBusiness

MMTC-PAMP, India's only LBMA-accredited gold and silver refinery, announced its strategic decision to expand its footprint in Guwahati, the gateway to North East India. Since time immemorial, Guwahati residents have had a cultural affinity towards Gold and Silver products. Building on this familiarity, the company introduces its ‘Brand Experience Store’, reinstating its promise of unmatched trust, purity and authenticity. Guwahati's inclusion marks a strategic step in MMTC-PAMP's mission to fortify its nationwide footprint and elevate the overall customer journey with the FinestSwiss Craftsmanship, made in India. MMTC-PAMP products in Gold (24k) and Silver boast India’s leading 99.99%+ standard of purity.Guwahati…

07 Oct

Samsung India empowers young innovators in ‘Solve for Tomorrow 2024’ competition

Business BureauBusiness

Samsung India has announced the winning teams, Eco Tech Innovator and METAL for the 3rd edition of ‘Solve for Tomorrow 2024’, the company’s flagship national education and innovation competition. While Eco Tech Innovator from Golaghat, Assam was declared the Community Champion in the School Track, METAL from Udupi, Karnataka was announced as the Environment Champion in the Youth Track, demonstrating the reach of the programme outside major Indian cities. Eco Tech Innovator, which developed an idea around equitable access to non-contaminated potable drinking water, received a seed grant of INR 25 lakh for prototype advancement. METAL, which developed technology for…

07 Oct

Bandhan Bank Q2 business growth: 24.6% upsurge

Priyanka RoyBusiness, News

Kolkata, Oct 06 (PTI) Private sector Bandhan Bank's total business grew 24.6 per cent in the second quarter of the current financial year. The bank gave this information in a regulatory filing to the stock exchanges.Total turnover reached Rs 2,73,163 crore by the end of September 30, 2024, as against Rs 2,19,712 crore in the previous corresponding period, registering a growth of 24.6 per cent.The bank's loans and advances stood at Rs 1,30,652 crore at the end of the current second quarter, while deposits reached Rs 1,42,511 crore, the bank said.The collection efficiency ratio across all business lines of the…

05 Oct

Seagram’s Royal Stag Drinking Water launches festive campaign with cricketing icon Surya Kumar Yadav

Business BureauBusiness

Kicking off the festive fervour in India, Royal Stag Packaged Drinking Water has unveiled a new campaign #CelebrateLarge. The campaign showcases how today’s youth want to infuse different festive celebrations with their unique style and energy. The campaign tagline, ‘Generation Large ka Celebration Large,’ elegantly weaves this desire of the young generation with the brand's Live It Large philosophy. The campaign features India’s T20 cricket captain Surya Kumar Yadav and is an engagement-led 360 campaign, including an interactive AI film, an innovative AR-enabled festive canvas, and a chance to celebrate with the Indian cricket superstar himself, Surya Kumar Yadav. The…

05 Oct

India’s forex reserve bank becomes the becomes the forth in reaching $700 billion

Sonakshi SarkarBUSINESS

India's foreign reserves surpassed $700 billion for the first time, rising by $12.6 billion during the week ending September 27, according to Reserve Bank of India (RBI) figures. India becomes the fourth economy in the world to reach $700 billion in foreign reserves, following China, Japan, and Switzerland. The $12.6 billion boost is the highest weekly addition since July 14, 2023. In comparison, the total reserves increased by $2.8 billion to $692.3 billion in the preceding reporting week. Stable oil prices & country's stocks flows and bonds have increased foreign exchange reserves to $705 billion. India's reserves first reached $100…

05 Oct

ICICI Prudential Life Insurance posts record 99.35% claim settlement ratio in Q1-FY2025

Business BureauBusiness

ICICI Prudential Life Insurance has set a benchmark in the life insurance sector by announcing a remarkable claim settlement ratio of 99.35% for the first quarter of FY2025, the highest among all life insurance providers in India. The company efficiently settled death claims totaling ₹381.24 crore during this period, with an impressive average turnaround time of just 1.2 days for non-investigative claims. Mr. Amish Banker, Chief Operations Officer of Customer Service, emphasized the company’s commitment to ensuring financial security for families. He stated, “We process every claim with utmost sensitivity and quickly. Our claim settlement ratio is the best in…

05 Oct

Apache Indian performs at Royal Global University in Assam

Business BureauBusiness

International music icon Apache Indian is set to make his much-anticipated debut performance at Royal Global University, Assam, on 25th October. To announce the same, the Big Films Media held a press conference at the Aideo Cinema Hall in Panjabari. The press conference was attended by Sam Bhattacharjee, Debangkar Borgohain, RJ Gaurav, Dr. Saumen Bharatiya and others. Apache Indian known worldwide for his chart-topping hits like Boom Shack-A-Lak, Apache Indian’s upcoming performance has already stirred excitement among fans and the university community. His appearance marks a historic moment for music lovers in Assam, as they prepare to welcome the Don…