India

29 Jun

7 including 2 children die of electrocution during Rath yatra in Tripura

Priyanka Bhowmickaccident, India, Tripuraindia, Tripura

Seven people, including two minors, were killed and 18 injured when a chariot caught fire during a Rath Yatra procession after it touched a high-tension wire at Kumarghat in Tripura's Unokoti district on Wednesday evening. The condition of six of the injured is said to be critical. They have been referred to Agartala Government Medical College.The incident took place in Kumarghat area around 4:30 pm during the 'Ulta Rath Yatra' festival of Lord Jagannath. The festival marks the return of the deities – Lord Balabhadra, Goddess Subhadra and Lord Jagannath – to their sacred abode after a week of Rath…

29 Jun

HDFC invests in Bonito Design, Relata

Priyanka BhowmickBusiness, IndiaBusiness, india

Housing Development Finance Corporation (HDFC) announced on June 22 that it has made a new investment in home interior brands Bonito Design and Cognilements Pvt Ltd, also known as Relata, which provides technology solutions to the real estate business. HDFC said it has "executed definitive agreement for the subscription of 6,068 equity shares of Bonito". This gave the company a 3.86 percent shareholding and 5.13 percent voting rights, regulatory filings said. The stake in Bonito was acquired in an all-cash deal, at a price of Rs 41,196 per equity share resulting in a total consideration of Rs 25 crore, it…

28 Jun

Just Herbs names Athiya Shetty as brand ambassador

Priyanka BhowmickBusiness, IndiaBusiness, india

Ayurvedic beauty brand Just Herbs has named actress Athiya Shetty as the face for their natural makeup line. According to the company, Shetty will now be seen supporting Just Herbs products such as their ghee-based lipstick, lip gloss, foundation and other makeup products that the brand is set to launch across platforms including digital, print and point this year. -Sales closed. Speaking about the collaboration, Arush Chopra, CEO and Co-Founder, of Just Herbs said, “Athiya is a blend of traditional elegance with a modern aesthetic that fits perfectly with our philosophy of reimagining traditional Ayurvedic formulas in a modern-day beauty…

28 Jun

RBI imposes Rs 26 lakh penalty on TransUnion CIBIL

Priyanka BhowmickBusiness, IndiaBusiness, india

The Reserve Bank of India (RBI) has imposed a financial penalty of Rs 26 lakh on TransUnion CBIL Ltd for not complying with certain provisions of the act and rules governing credit information companies. A statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2021 and an examination of inspection reports, letters of supervision and all correspondence related thereto revealed that certain data relating to credit information maintained by the company was not accurate and complete, RBI said. "After receiving complaints from some borrowers, the company did not update the…

27 Jun

Infosys strikes $450-Million Deal with Denmarks Danske Bank

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

India's second-largest IT services firm Infosys on Monday said it has been selected by Denmark-based Danske Bank as a partner to accelerate the lender's digital transformation. The contract is worth $454 million for five years with an option to renew for up to three additional years, Infosys said in a statement. "This is supported by significant investments in digitalization and technology, including plans to further improve our customer-oriented digital solutions, and modernize our technology infrastructure to drive better customer experience and operational efficiency," said Frans Woelders, Chief Operating Officer of Danske Ban. Lenders provide banking services to individuals and businesses…

26 Jun

Elon Musk and Mark Zuckerberg agree to hold cage fight

Priyanka BhowmickBusiness, IndiaBusiness

Elon Musk said Saturday that he would start training for mixed martial arts cage fights if he provoked it with fellow billionaire media mogul Mark Zuckerberg. Twitter owner Musk tweeted Tuesday that he was in Las Vegas for a cage match with Facebook's original mater CEO Zuckerberg, who trains in jiu-jitsu. "I haven't started training yet. So if it happens, I will," Musk said in a Twitter chat with Ashley Vance, author of a book on Musk and the space race. The match "could actually happen," Musk said while attending a birthday party in Europe, adding that it could be…

26 Jun

Malabar Gold names NTR Jr as its brand ambassador

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

NTR Jr. will be present at the brand's upcoming consumer campaigns across print, television and digital media. With this association, Malabar Gold aims to further expand its customer base and build a strong customer connectivity in Andhra Pradesh and Telangana region. Commenting on the association with NTR Junior, Malabar Group Chairman, MP Ahmed said in a statement, "We are excited to renew our time-test association with NTR Jr. He has emerged as one of the most widely acclaimed film stars in India across the region. His impressive personality will further enhance our brand offerings and help accelerate global brand acceptance…

24 Jun

Janasya ropes in Rashmika Mandanna as its brand ambassador

Priyanka BhowmickBusiness, IndiaBusiness, india

Janasya, a clothing brand, has announced the appointment of actress Rashmika Mandana as its brand ambassador. Through this collaboration, Janasya aims to appeal to India's young consumers by offering fashionable products at reasonable prices. Vinay Kanodia, co-founder of Janasya said, “We are excited to embark on this extraordinary journey with Rashmika Mandanna. Her impeccable sense of fashion and fashion-forward approach perfectly encapsulates our brand spirit. Together, we want to design a collection that is unparalleled and pushes the boundaries of modern fashion while capturing the spirit of Indian history." Commenting on the association, Rashmika Mandanna, said, “I have been an…

23 Jun

OLX Group fires 800 employees after shutting down OLX Autos in several regions

Priyanka Bhowmickaccident, India, InternationalBusiness, india

In the last few years, many big and small companies around the world have retrenched employees. In this series, the online marketplace OLX Group has announced plans to reduce its workforce globally and has laid off a large number of employees. The group has laid off around 800 employees worldwide. Let us tell you that OLX Group has business in 30 countries, including India, and its headquarters are in Amsterdam. According to a report in TechCrunch, after searching for potential buyers and investors, the company has started winding down operations of its automotive unit, OLX Auto, in the market. A…

20 Jun

After Kathmandu, Nepal’s Pokhara bans all Indian films

Priyanka Bhowmickbollywood, Entertainment, IndiaBusiness, Entertainment, india

Ever since its release, Om Raut's film 'Adipurush' has been trolled on social media. The dialogue of this film has created a lot of noise on social media, which has also created controversy. Due to this, the screening of Indian films has been banned in Nepal's capital Kathmandu. Kathmandu Mayor Balendra Shah passed the order on Sunday. It comes to know that after the release of the movie 'Adipurush' starring Prabhas, the complications started. Because in the dialogue of this movie, Sita is called the daughter of India. Three days ago, the mayor requested the director to remove the dialogue…