Sunday, November 10

Business

Digital adoption key for MSME growth, Vi Business insights study highlights
Business

Digital adoption key for MSME growth, Vi Business insights study highlights

Vi Business has announced compelling findings from its 'ReadyForNext MSME Growth Insights Study Vol 2.0, 2024'. Released on World MSME Day, the study surveyed 1.6 lakh MSMEs across 16 sectors in India, highlighting that nearly 60% of these enterprises plan to digitize their operations by 2025. The study underscores significant strides in digital adoption across sectors such as IT-ITES, Financial Services, and Transportation. Despite challenges, including knowledge gaps and financial constraints, MSMEs are increasingly leveraging cloud computing, IoT, and advanced workspace tools to boost productivity and market reach. Notably, sectors like Retail and Construction are also witnessing notable digital advancements.In Guwahati, a burgeoning market in the Northeast, businesses are gearing u...
Vi expands entertainment horizons with Zee5 partnership and streamlined subscription plans
Business

Vi expands entertainment horizons with Zee5 partnership and streamlined subscription plans

Vi has bolstered its entertainment arsenal with the integration of Zee5 into its flagship Vi Movies & TV App, alongside the introduction of innovative subscription plans offering access to 17 leading OTT platforms.Vi’s renewed commitment to meeting the evolving demands of Indian consumers for affordable yet expansive entertainment solutions has been underscored by today's announcement. Following its successful rebrand earlier this year, Vi Movies & TV now stands as the only app to aggregate top-tier OTT players like Disney+ Hotstar, Sonyliv, and the newly added Zee5 under one comprehensive plan. Subscribers can now enjoy a vast library of content spanning movies, shows, and live TV channels, all accessible for just Rs. 248 per month. Avneesh Khosla, Chief Marketing Officer of V...
Zomato growth its ‘Restaurant Service Centers’ across India
Business, News

Zomato growth its ‘Restaurant Service Centers’ across India

Online food ordering and delivery platform Zomato on Thursday said it is expanding its 'Restaurant Service Centre', a one-stop solution to help restaurants expand across the country. Through its Restaurant Services Centre, Zomato currently provides services related to staffing and licensing in restaurants. Over the past six months, the Restaurant Service Center has already served over 3,200 restaurants and will be extended to all restaurants across India, irrespective of their arrangement with Zomato, the company said in a statement. The company seeks to provide assistance in overcoming the complexities of running a restaurant, from locating the ideal location and finding the ideal suppliers, to obtaining the necessary licenses and hiring the right staff. Rakesh Ranjan, CEO, F...
Reliance Industries shares inflation 4%; Market valuation increased by Rs 80,359.48 crore
Business, News

Reliance Industries shares inflation 4%; Market valuation increased by Rs 80,359.48 crore

The 30-share BSE Sensex closed at a new closing peak of 78,674.25, up 620.73 points or 0.80 percent.Shares of Reliance Industries surged 4 percent on Wednesday, taking its market valuation above Rs 20 lakh crore and helping benchmark indices close at record highs.The market bellwether stock closed 4.09 percent higher at Rs 3,027.40 on BSE. During the day, it rose 4.41 percent to hit a record high of Rs 3,037. It rose 3.87 percent to Rs 3,021.10 on NSE.The market valuation of the company increased by Rs 80,359.48 crore to Rs 20,48,282.28 crore. Reliance Industries is the most valuable company in the country in terms of market capitalization (MCAP). The sharp rise in the stock played a key role in lifting the equity markets.The 30-share BSE Sensex closed at a new closing peak of 78,674.25, ...
Helicopter service from Jammu to Vaishno Devi shrine begins
Business

Helicopter service from Jammu to Vaishno Devi shrine begins

In a major boost to pilgrimage centre, the Vaishno Devi shrine, the much-awaited helicopter service from Jammu to Vaishno Devi via Panchhi helipad started on Tuesday(26 June 2024) The service will offer a convenient and comfortable mode of transportation to the shrine. The direct helicopter service from Jammu to Vaishno Devi was confirmed by the Shri Mata Vaishno Devi Shrine Board at its 72nd meeting on April 3, 2024. To cost Rs 35,000 The shrine board has set up two packages as per the need of pilgrims, the same day return (SDR) package which costs Rs 35,000 while the next day return (NDR) package costs Rs 60,000. The first sortie which took off from Jammu Airport by 11 am was received at Panchhi helipad at about 11.20 am by Anshul Garg, the Chief Executive Officer of the boa...
IRCTC account holders can book e-tickets for others having different surnames: Railways
Business

IRCTC account holders can book e-tickets for others having different surnames: Railways

The Railway Ministry has issued a statement clarifying that any individual with an IRCTC account can book e-tickets for others, dismissing as false and misleading a social media claim suggesting restrictions based on differing surnames. A post on the social media platform X claimed that a person with an account on the website of the Indian Railway Catering and Tourism Corporation (IRCTC) will be not able to book tickets from his account for other people who carry different surnames. A spokesperson from the Railway Ministry denied the claim, saying the news doing rounds on social media about restrictions on booking e-tickets due to different surnames was not true. The spokesperson also mentioned that tickets are booked on the IRCTC website as per the guidelines of the Railway Board a...
Oriflame to empower 1 million Indian entrepreneurs by 2029
Business

Oriflame to empower 1 million Indian entrepreneurs by 2029

Oriflame, the leading Swedish beauty brand with a global presence, has announced India its being one of the top-priority market. Building on its current success, the premier cosmetic brand aims to on-board 1 million brand partners within the next five years (2029), thereby promoting micro-entrepreneurship and nurturing a dynamic start-up culture across the country. This ambitious target aligns perfectly with India's growth trajectory and the Government of India's emphasis on employment generation and self-reliance. Oriflame fosters an entrepreneurial spirit by empowering individuals to become brand partners, instilling ethical values, and providing flexibility in work schedules. This approach fosters a fulfilling career, prioritizing social and mental well-being, and paving the way for...
Oil progress on strong dollar and strong fuel demand; Brent crude at $85.77/bbl
Business, News

Oil progress on strong dollar and strong fuel demand; Brent crude at $85.77/bbl

Oil prices rose slightly on Monday as strong summer fuel demand and rising geopolitical tensions helped offset the impact of a stronger dollar.Brent futures for August delivery rose 53 cents to $85.77 a barrel, representing a gain of 0.6% by 11:38 a.m. EST (1538 GMT). Meanwhile, US crude futures rose 65 cents to $81.38 a barrel, representing a gain of 0.8%. Last week, both benchmarks recorded a 3% rise, their second consecutive weekly rise.“Crude oil prices witnessed significant volatility and declined from recent highs due to dollar index strength and mixed global economic data. The dollar index hit its highest level in nearly two months as hawkish comments from the Federal Reserve and mixed US economic data limited gains in oil prices. However, decline in US crude oil inventories last w...
India’s CAD decrease to 0.7% of GDP, records surplus of 0.6% in Q4: RBI
Business, News

India’s CAD decrease to 0.7% of GDP, records surplus of 0.6% in Q4: RBI

India recorded a current account surplus in the last quarter of the last financial year due to higher service income. Additionally, the Reserve Bank of India (RBI) on Monday said the overall current account deficit for FY2024 has narrowed due to decline in goods trade deficit. India's current account deficit (CAD) declined to 0.7 per cent of GDP or $23.2 billion in FY2024 from 2 per cent of GDP or $67 billion last year. “Sequential decline in CAD in Q4:2022-23 mainly due to narrowing in trade deficit with stronger services trade from US$71.3 billion in Q4:2022-23 to US$52.6 billion in Q4:2022-23 Went. Exports the bank said in a release. There was a net inflow of foreign portfolio investment of $44.1 billion in FY2024, following a net outflow of $5.2 billion in FY2023. In contrast...
Manufacturing PMI increment to 60.9 in June, job creation fastest in 18 years: Survey
Business, News

Manufacturing PMI increment to 60.9 in June, job creation fastest in 18 years: Survey

According to the HSBC survey, the final manufacturing, services and composite purchasing managers' index (PMI) figure rose 0.4 percentage points to 60.9 in June, compared with a revised figure of 60.5 in May.According to a survey, business activity in the country became stronger in June due to growth in manufacturing and services sectors and the pace of job creation became the fastest in 18 years.“The composite output index expansion further in June, supported by an grow in new orders, which led companies to rise hiring in both sectors. Input prices softened slightly in June, resulting in margin improvement, especially for manufacturing companies,” the survey said.It said that while strong demand conditions are keeping business activity high, the outlook for future activity has deteriorat...