india

Jio launches JioBharat V2 Phone in India for Rs 999
04 Jul

Jio launches JioBharat V2 Phone in India for Rs 999

Priyanka BhowmickBusiness, BUSINESS, Entertainment, India,
Reliance Jio has launched its new Jio Bharat Phone, a smart feature phone designed to help India transition to a 4G-only future. The phone is priced at Rs 999 and comes with two new Jio Bharat plans, priced at Rs 123 and Rs 1234. Launched under the company's "2G Mukt Bharat" (2G-Mukt Bharat) vision, the Jio Bharat Phone is a basic-looking but smart feature phone that comes with all the essentials that will help users stay connected, especially in rural parts of India. It has a 1.77-inch display, a 0.3MP camera, a torch, an FM radio, a 3.5mm audio jack,…
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Shah Rukh Khan may not renew deal with crisis-hit Byju’s
04 Jul

Shah Rukh Khan may not renew deal with crisis-hit Byju’s

Priyanka BhowmickBUSINESS, Entertainment, India, ,
According to a media report, the troubled Indian ed-tech start-up Byjus, which many see as an administration crisis, may not renew its approval agreement with Bollywood actor Shah Rukh Khan when it ends in September. Meanwhile, since the edtech platform is in serious trouble, Shah Rukh Khan's team is also hesitant to continue the relationship with the brand, according to a report, quoting someone familiar with the matter. The actor's association with the edtech platform began in 2017. The Indian edtech start-up signed up the Bollywood actor for an annual remuneration of around Rs 4 crore. This is not the…
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Fastrack Smart ropes on Ranveer Singh as brand ambassador
03 Jul

Fastrack Smart ropes on Ranveer Singh as brand ambassador

Priyanka BhowmickBusiness, Entertainment, India,
Ranveer Singh, the epitome of talent and brilliance in the Indian film industry, proudly announces his association with Fastrack Smart as the brand ambassador. Known for his daring fashion choices, electric energy, and magnetic charm, Ranveer Singh embodies everything that Fastrack Smart stands for. With his larger-than-life personality, he fearlessly pushes style boundaries and sets new fashion benchmarks with every look. Fastrack has collaborated with Smart to mark a significant milestone for the dynamic and versatile performing brand, leading it to become the largest fashion-tech brand in India. Expressing his enthusiasm about this new initiative, Superstar Ranveer Singh said, “Fastrack…
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Sebi imposes Rs 30 lakh penalty on Vedanta Ltd 
03 Jul

Sebi imposes Rs 30 lakh penalty on Vedanta Ltd 

Priyanka BhowmickBusiness, India,
The Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 30,00,000 on Vedanta Ltd for violating listing and disclosure norms. Vedanta will have to pay within 45 days of receiving the order, the regulator said. Sebi fines mining major for misrepresentations related to plans to enter the semiconductor business. On February 14, 2022, news began circulating that Vedanta had partnered with Foxconn to manufacture semiconductors in India. Following this, the stock exchange sought an explanation from Vedanta, to which the company replied that the said business would be managed by the holding company Vulcan Investments Limited.…
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PAN-Aadhaar linking deadline expired, check step-by-step guide
01 Jul

PAN-Aadhaar linking deadline expired, check step-by-step guide

Priyanka BhowmickBusiness, India,
The last date for linking PAN with Aadhaar is Friday, June 30, as per the latest notification from the Revenue Department of the Finance Ministry. To link the two cards, users will have to pay Rs 1,000. The central government had earlier set the deadline for linking PAN and Aadhaar as March 31, 2023 However, the date was later extended to June 30 After today, if someone fails to link their two cards within the deadline, their PAN will become inactive. It is mandatory for all taxpayers to link their PAN number with Aadhaar. Capital markets regulator Sebi has also…
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BigBasket loss widens to Rs 1,535 cr in 2022-23
30 Jun

BigBasket loss widens to Rs 1,535 cr in 2022-23

Priyanka BhowmickBUSINESS, Business, India,
Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, widened its loss to Rs 1,535 crore for 2022-23, according to details shared by Toffler.Toffler said BigBasket's losses increased by 89%, which means that the company posted a loss of around Rs 812 crore in 2021-22. The company's revenue rose 5% to Rs 7,462 crore. “The company reported a net loss of Rs 1,535 crore in the same fiscal. This is an increase of 89% over the last fiscal year. The total expenditure of the company during the financial year was reported as Rs 8,998 crore,” the report said.
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7 including 2 children die of electrocution during Rath yatra in Tripura
29 Jun

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

Priyanka Bhowmickaccident, India, 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…
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HDFC invests in Bonito Design, Relata
29 Jun

HDFC invests in Bonito Design, Relata

Priyanka BhowmickBusiness, 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…
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Just Herbs names Athiya Shetty as brand ambassador
28 Jun

Just Herbs names Athiya Shetty as brand ambassador

Priyanka BhowmickBusiness, 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…
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RBI imposes Rs 26 lakh penalty on TransUnion CIBIL
28 Jun

RBI imposes Rs 26 lakh penalty on TransUnion CIBIL

Priyanka BhowmickBusiness, 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…
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