Business

Amazon India Introduces First-Ever Floating Store on Dal Lake 
01 Aug

Amazon India Introduces First-Ever Floating Store on Dal Lake 

Priyanka BhowmickBusiness, India,
Amazon India on Thursday said it has entered its first floating 'I Have Space' store at Srinagar's Dal Lake.Murtaza Khan Kashi, owner of Houseboat Salek Town, will deliver daily packages to customers at the doorstep of their houseboat as part of onboarding, according to a release.Karuna Shankar Pandey, Director, Amazon Logistics, India, said it will provide fast and reliable delivery to customers across Srinagar, provide opportunities for small businesses and strengthen Amazon's delivery network. Launched in 2015, the 'I Have Space' programme has 28,000 neighborhood and Kirana partners in nearly 420 cities and towns in India. It partners with local…
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Sonam Kapoor joins Kérastase as brand ambassador
31 Jul

Sonam Kapoor joins Kérastase as brand ambassador

Priyanka BhowmickBusiness, Entertainment, ,
French luxury hair care brand, Kérastase is happy to announce Sonam Kapoor as their brand ambassador in India! The Bollywood star, known for her impeccable fashion choices, looks radiant in her new hair campaign with the brand! "For me, self-care is something I've always believed in! When you're traveling, working, and trying to play multiple roles at the same time, it's very important to make sure you're investing in the right kind of care. Kérastase is a brand with which I am deeply resonated. It's not just for innovative luxury hair products but also for the message they send to…
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Rashmika Mandanna named brand ambassador of Fiama
29 Jul

Rashmika Mandanna named brand ambassador of Fiama

Priyanka BhowmickBusiness, Entertainment, India, ,
ITC's Fiama launches a new brand film that showcases its new sandalwood oil and patchouli gel bar, recently launched. The brand has also roped in actor Rashmika Mandhana as its brand ambassador to promote the new product. Sameer Satpathy, Divisional Chief Executive, Personal Care Product Business Division, ITC Limited, said, "Fiama Sandal disrupts the segment with its innovative gel bar format and a unique blend of ingredients that are modern but preserve tradition. The product promises a new experience, and it, with the power of the rays, definitely makes Fiama sandals look a must-try. Conceived by Ogilvy, the launch film…
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Income Tax department raids Haier’s office premises
29 Jul

Income Tax department raids Haier’s office premises

Priyanka BhowmickBusiness, BUSINESS, Economy, Finance, India, North East,
The raids are linked to suspected "large-scale tax evasion," the same report said. The Chinese consumer durables company, which has a strong presence in India including refrigerators and washing machines, has set a target of Rs 6,000 crore in 2022 and Rs 10,000 crore in the next two years. In April, Satish NS, President, Haier India, said, "We have one of the largest manufacturing hubs for all domestic supplies in the country as well as expanding our export base. Product innovation and customer-centricity are rooted in the principles of our growth trajectory and so we are focused on bringing best-in-class…
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Sony India ropes on singer King as brand ambassador
28 Jul

Sony India ropes on singer King as brand ambassador

Priyanka BhowmickBUSINESS, Business, India, ,
Sony India today announced music icon King as the new brand ambassador for its audio product segment. The first campaign "King Meets The King" for Sony's SRS-XV800 discless party speakers goes live today. The collaboration with king comes at a time when Sony India is trying to strengthen its connect with the youth. Sunil Nayyar, Managing Director, Sony India said, "Sony India is committed to providing top-notch audio products that resonate with music enthusiasts across the country. We are thrilled to have King as our brand ambassador for the audio segment. This partnership is of immense significance as we both…
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LIC launches ‘Jeevan Kiran’ plan
28 Jul

LIC launches ‘Jeevan Kiran’ plan

Priyanka BhowmickBusiness, India,
Life Insurance Corporation of India (LIC) has introduced a new life insurance plan called 'LIC Jeevan Kiran', which provides both life cover and refund of premium. The plan caters to customers aged 18 to 65 years. Under this policy, policyholders have the freedom to choose policy tenures between 10 and 40 years based on their specific financial goals and requirements.Also, they have the flexibility to opt for a single premium payment or regular premium payments over the policy term. The minimum installment premium is ₹3,000 for regular premium policies and ₹30,000 for single premium policies. The policy has two optional…
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M&M picks up 3.5% stake in RBL Bank for Rs 417 cr
27 Jul

M&M picks up 3.5% stake in RBL Bank for Rs 417 cr

Priyanka BhowmickBusiness, India,
Mahindra and Mahindra on Wednesday said it acquired a 3.53% stake in RBL Bank Ltd for Rs 417 crore. M&M said it would consider further investment subject to regulatory compliance and required procedures but would not acquire a stake of more than 9.9%. "We have acquired a 3.53% stake in RBL Bank at a cost of Rs 417 crore. We may consider further investments subject to pricing, regulatory approvals and required procedures. However, under no circumstances will it exceed 9.9%," M&M said in a stock exchange filing. In a separate statement, RBL said it was not aware of any purchase…
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Shah Rukh Khan appointed as the brand ambassador of ICC World Cup 2023
25 Jul

Shah Rukh Khan appointed as the brand ambassador of ICC World Cup 2023

Priyanka BhowmickBusiness, India,
India is all set to host the prestigious ICC World Cup 2023, and with the announcement of Bollywood superstar, Shah Rukh Khan as the brand ambassador, the event has already become even more enjoyable. With this appointment, King Khan, popularly known, has added another feather to his cap. In his illustrious career, Shah Rukh Khan has mesmerized millions with his charisma on the big screen, but his love for cricket is equally well known. He is the owner of Kolkata Knight Riders, a prominent team in the Indian Premier League (IPL) and his presence in the cricket world is not…
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PhonePe launches new Income Tax payment feature
25 Jul

PhonePe launches new Income Tax payment feature

Priyanka BhowmickBusiness, BUSINESS, India,
Fintech chief PhonePe has 'pay income tax' features on its app so that Phonepe can self-assess and pay taxes in advance within the app, the company's Monday is a holiday. Users can now do so through their credit card or UPI. Users can pay taxes by tapping the 'Income Tax' icon on the homepage of the PhonePe app. In addition, they can select the type of tax they will pay, the year of assessment and the details of the PAN card. Users then have to enter the total tax amount and pay using their preferred mode of payment. The money…
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Jio financial demerger: RSIL listed at Rs 261.85 a share
20 Jul

Jio financial demerger: RSIL listed at Rs 261.85 a share

Priyanka BhowmickBusiness, India,
The share price of Jio Financial Services, the spin-off financial services unit of Reliance Industries, unexpectedly rose to Rs 261.85 during a special trading session dedicated to its parent company's stock on Thursday.On Thursday, Reliance's stock was trading at Rs 2,580 per share, against Wednesday's previous closing price of Rs 2,841.85. Market analysts had initially estimated the share price of the entity named Reliance Strategic Investments, which will now be known as Jio Financial Services, which will be priced between Rs 160 and Rs 190 per share.While JFS stocks have been included in major indexes, including India's benchmark Nifty 50,…
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