Wednesday, February 4

Business

Courtyard by Marriott Shillong ushers in festivities with grand celebration
Business

Courtyard by Marriott Shillong ushers in festivities with grand celebration

Courtyard by Marriott Shillong welcomed the festive season with its Second Edition of the Cake Mixing and Tree Lighting Ceremony on December 8, 2024. The grand event combined tradition and innovation, uniting the city’s community, dignitaries, and hotel patrons for a memorable evening. Transformed into a winter wonderland, the venue featured a majestic Christmas tree and elaborate decorations. Dignitaries like East Khasi Hills Deputy Commissioner Smt. Rosette Kurbah, Archbishop Victor Lyngdoh, and MDC BajopPyngrope graced the occasion, enhancing its prestige. The Cake Mixing Ceremony, a beloved tradition, saw participants mix dried fruits, nuts, and spirits, symbolizing festive unity. This was followed by the Poolside Tree Lighting Ceremony, where attendees counted down to illuminate t...
Durex’s The Birds and Bees Talk launches Asia’s first Consent Café at Hornbill Festival, targets key youth demographics
Business

Durex’s The Birds and Bees Talk launches Asia’s first Consent Café at Hornbill Festival, targets key youth demographics

Durex's The Birds and Bees Talk (TBBT), an impactful life skills program by Reckitt, a global leader in health and hygiene, has proudly marked its third consecutive year as the official health partner of Northeast India's most iconic cultural celebration—the Hornbill Festival.  As the festival celebrates its milestone 25th edition, TBBT is set to launch Asia's first Consent Café, a pioneering initiative designed to spark meaningful conversations around consent, equity, and healthy relationships. The Hornbill Festival, expected to welcome over 150,000 visitors from December 1 to 10 at Kisama Heritage Village, Kohima, offers a unique platform to blend traditional heritage with modern values. The TBBT Consent Café aims to provide an immersive space combining light, music, and art ...
SBI has projected GDP upsurge at 6.3%, lower than RBI’s 6.6% estimate for FY25
Business, News

SBI has projected GDP upsurge at 6.3%, lower than RBI’s 6.6% estimate for FY25

The State Bank of India (SBI) has projected that India's gross domestic product (GDP) will grow at 6.3% during the current financial year (FY25), lower than the Reserve Bank of India's (RBI) forecast of 6.6%, which was revised upward from 7.2% earlier. "We believe GDP growth for FY25 will be lower than the RBI forecast and are pegging it at 6.3%," SBI said. On Friday, RBI governor Shaktikanta Das announced the central bank's revised estimate for GDP growth. This came after the country's economy grew at 5.4% in the July-September quarter of FY25, the lowest growth in seven quarters. This marked the first time in five years that the RBI revised its growth forecast upwards - in this case from 7% to 7.2% - but later lowered it. While such adjustments were common in previous years, th...
Shopsy’s Wow Winter Sale gains traction: A boost for winter shopping trends
Business

Shopsy’s Wow Winter Sale gains traction: A boost for winter shopping trends

Shopsy, India's leading hypervalue e-commerce platform, has announced the launch of its Wow Winter Sale, a dedicated seasonal campaign offering a wide range of winter essentials at prices starting as low as Rs. 99. This initiative underscores Shopsy’s commitment to catering to the diverse needs of Bharat, delivering affordable and high-quality products to consumers nationwide. The sale features categories including hoodies, jackets, biking gloves, caps, comforters, and kids’ winterwear, ensuring that families across the country can stay warm and stylish this winter. With Shopsy’s vast delivery network spanning over 19,000 pin codes, even consumers in the most remote locations can access these premium products effortlessly. In Shillong, the sale has garnered significant attention, wi...
IGL shares upsurge over 3% on bonus issue plan
Business, News

IGL shares upsurge over 3% on bonus issue plan

IGL share price jumped nearly 4 per cent in mid-day trade on December 5 after the city gas distributor announced that the board will consider a proposal to issue bonus shares on December 10. "It is notified that the Board of Directors is scheduled to meet on December 10, 2024 to consider a proposal to issue bonus shares in the prescribed proportion to the equity shareholders of the company, subject to the approval of the shareholders," a statement issued by the company on December 4 said. The company has not announced the bonus ratio and is likely to announce it on December 10. IGL stock reacted sharply to the announcement of the company's corporate action and the stock rose 3.82 per cent in morning trade to hit an intraday high of Rs 374 per share on the NSE. The stock opened...
Vi announces a significant step forward in protecting its users from spam
Business

Vi announces a significant step forward in protecting its users from spam

Vodafone Idea Limited (Vi) today announced the launch of its advanced AI and machine learning-powered Spam SMS Identification Solution to safeguard users against unsolicited messages and potential scams. Designed to provide real-time detection, the system tags suspicious messages as “Suspected Spam,” offering users instant alerts. The solution, which flagged over 24 million spam messages during testing, is a significant step toward creating a secure and seamless messaging experience. Jagbir Singh, Chief Technology Officer of Vodafone Idea Limited, said, “As digital communication grows, so does the risk of spam and phishing attempts. Our AI-powered technology delivers proactive, real-time protection, reaffirming our commitment to customer safety and innovation.” In Shillong, where bu...
Funding by MFs to NBFCs upsurge nearly 47% to Rs 2.33 trillion in October 2024
Business, News

Funding by MFs to NBFCs upsurge nearly 47% to Rs 2.33 trillion in October 2024

Funding raised by non-banking financial companies (NBFCs) from mutual funds (MFs) grew nearly 47 percent year-on-year (Y-o-Y) to Rs 2.33 trillion in October 2024. Sequentially, funding support by MFs to NBFCs increased by 0.3 percent compared to September, according to CARE Ratings. Mutual funds (MFs) credit exposure to NBFCs, which includes commercial paper (CP) and corporate debt, has remained above Rs two trillion for more than half a year now. Moreover, CP has remained above the one trillion mark for almost a year, currently at Rs 1.22 trillion. Banks' credit exposure to NBFCs stood at Rs 15.4 trillion in October 2024, showing a growth of 6.4 per cent year-on-year. On a month-on-month (m-o-m) basis, the amount increased by 0.5 percent. However, the proportion of NBFC exposure re...
Tata Power shares progress 4%, brokerages retain ‘buy’ rating after Q2 results
Business, News

Tata Power shares progress 4%, brokerages retain ‘buy’ rating after Q2 results

Shares of Tata Power surged over 4 percent following the release of its Q2FY25 results, with several brokerages reaffirming their 'buy' ratings.Elara Securities said 'buy' while raising its target price on the stock from Rs 463 to Rs 518 and upgrading its rating from 'accumulate'.Other brokerages including Motilal Oswal Financial Services, JM Financial and Nomura also retained their 'buy' ratings.Morgan Stanley also expressed optimism and maintained an 'highweight' rating on Tata Power and set a higher target price of Rs 577.In contrast, Nuvama expressed a cautious outlook citing high valuations and retained its 'reduce' rating on the stock. Similarly, Jefferies maintained an 'underperform' rating on Tata Power with a lower target price of Rs 340. At 1:45 pm, Tata Power was trading 3.6 pe...
Toyota Kirloskar Motor celebrates cultural bond with Northeast through Hornbill Music Festival sponsorship
Business

Toyota Kirloskar Motor celebrates cultural bond with Northeast through Hornbill Music Festival sponsorship

Toyota Kirloskar Motor (TKM) has announced its continued association with the prestigious Hornbill Music Festival, one of India’s most iconic cultural celebrations, for the third consecutive year through the title sponsorship. Held at the Naga Heritage Village, Kisama, in Kohima District, Nagaland, the festival runs from December 2 to December 10, featuring exciting performances, including a special opening act by Japan’s renowned drum ensemble, Drum Tao. This unique collaboration brings together traditional and contemporary musical experiences, showcasing a deep cultural bond. TKM’s ongoing partnership with the Hornbill Music Festival reflects the company’s deeper connections with the people of Nagaland and Northeast, and support to promote the rich cultural heritage. TKM is de...
NSE and Meghalaya sign a MoU for Student Skill Building Program
Business

NSE and Meghalaya sign a MoU for Student Skill Building Program

In a significant move to empower the youth of Meghalaya, the National Stock Exchange (NSE) and the Government of Meghalaya signed a Memorandum of Understanding (MoU) for a Student Skill Building Program. The MoU was signed by Meghalaya Chief Minister Shri Conrad Sangma, along with NSE’s Chief Business Development Officer Shri Sriram Krishnan, and Senior Vice President Shri Krishnan Iyer. This collaboration aims to equip students with skills and knowledge in the Banking, Financial Services, and Insurance (BFSI) sector, boosting employability and fostering self-employment opportunities across the state. The program aligns with the Union Budget 2024’s focus on skill development, a crucial driver for enhancing the workforce’s capabilities in India. Chief Minister Conrad Sangma emphasize...