Tuesday, June 23

Business

Vi announces its exceptional 4G network experience in Assam and North East Circles
Business

Vi announces its exceptional 4G network experience in Assam and North East Circles

Vodafone Idea (Vi) has emerged as the leader in 4G network experience across Assam and North East Circles, according to Opensignal’s 4G Network Experience Report for November 2024. The report, which evaluates mobile network performance, ranks Vi at the top in delivering superior data, voice, video, and gaming experiences across the region. Vi’s performance stands out across the challenging terrains of the Seven Sisters—Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company boasts the highest data speeds, offering an unmatched video and gaming experience, and leads in voice call quality. With over 8,000 sites in operation, Vi ensures seamless connectivity through its extensive 4G coverage and higher internet speeds, supported by the L1800, L2100, and ...
Home loan borrowers lapse 39%, disbursements rise 32%
Business, News

Home loan borrowers lapse 39%, disbursements rise 32%

The housing finance market in Gujarat is facing a paradox – fewer people are borrowing, but those who are borrowing are borrowing in larger amounts. According to the latest State Level Bankers Committee (SLBC) report, the number of home loan borrowers saw a sharp decline of 39.6%, from 1.58 lakh accounts in the September quarter of FY24 to just 95,532 accounts in the same period of FY25. Despite the sharp decline in loan accounts, total disbursements grew by 32%, led by a remarkable 118% increase in loan ticket size – from Rs 6.82 lakh to Rs 14.93 lakh per account. This trend clearly indicates that affordable housing demand has lagged behind, while high-value properties continue to hog the limelight. While high-value properties are shining, the absence of affordable buyers indicates an...
UPI transactions upgrade to Rs 223 lakh crore in Jan-Nov
Business, News

UPI transactions upgrade to Rs 223 lakh crore in Jan-Nov

UPI achieved 15,547 crore transactions worth Rs 223 lakh crore this year, transforming India's financial landscape. It is now being accepted in seven countries, furthering financial inclusion and access to digital payments. The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, 'reflecting its transformational impact on financial transactions' in India, the Finance Ministry said on Saturday. The Finance Ministry also said that UPI is now accepted in seven countries, including France, UAE, Singapore, Sri Lanka, Mauritius, Bhutan and Nepal. The UPI system provides a cheaper and faster alternative to the available channels of cross-border remittances. UPI has succeeded in increasing financial inclusion ...
Gold, silver prices decrease as jewellers sell off
Business, News

Gold, silver prices decrease as jewellers sell off

New Delhi: Gold and silver prices fell in the national capital on Friday, with the precious metal sliding below the Rs 80,000 mark amid heavy selling by jewellers and stockists, according to the All India Sarafa Association. Besides, traders said a weak trend in international markets also put heavy pressure on bullion prices. The precious metal of 99.9 per cent purity fell by Rs 1,400 to Rs 79,500 per 10 gram. It had closed at Rs 80,900 per 10 gram in the previous session. Silver fell by Rs 4,200 to Rs 92,800 per kg, its biggest fall in the month of December. The white metal had closed at Rs 97,000 per kg in the previous trading session on Thursday. The price of gold of 99.5 percent purity also fell by Rs 1,400 to Rs 79,100 per 10 grams, while its price was Rs 80,500 per 10...
Bryan Adams Concert in Shillong elevates by Kingfisher
Business

Bryan Adams Concert in Shillong elevates by Kingfisher

Kingfisher Premium Packaged Drinking Water, the iconic "King of Good Times," added an extraordinary touch to Bryan Adams' So Happy It Hurts Tour 2024 at the Polo Grounds in Shillong. The highlight of the evening was an awe-inspiring drone show, which enhanced the concert's atmosphere. As fans gathered to celebrate the legendary artist, the drones illuminated the night sky with the message, "These are the best times of our lives," linking Kingfisher's essence of "Good Times" with Adams' timeless lyric from Summer of '69. The spectacle perfectly embodied the spirit of the event, bringing fans closer to the magic of music and memorable experiences. Kingfisher's involvement in the concert reinforced its dedication to celebrating joyous moments of togetherness and fun. In Shillong, this ...
Vodafone Idea share price upsurge 5% from intraday low; can it rise further?
Business, News

Vodafone Idea share price upsurge 5% from intraday low; can it rise further?

Vodafone Idea share price witnessed a sharp surge during intraday trading on Friday, December 13, rising as much as 5 per cent from an intraday low of ₹7.68 despite a volatile market environment. Vodafone Idea share price opened at ₹7.83 against its previous close of ₹7.87 and fell over 2 per cent to hit ₹7.68 levels. However, the telecom stock recovered sharply and touched ₹8.07 levels. Around 1 pm, the stock was trading 2.4 per cent higher at ₹8.06. Vodafone Idea NewsVodafone Idea shares surged after the company revealed details of an investor presentation that highlighted four key strategies for the company's future growth. In an exchange filing during market hours on December 13, the company said competitive and adequate spectrum would drive its growth. It said it has sufficient...
SWITCH Mobility’s electric buses: A transformative step toward sustainable urban transportation
Business

SWITCH Mobility’s electric buses: A transformative step toward sustainable urban transportation

SWITCH Mobility Ltd, subsidiary of Ashok Leyland and part of the Hinduja Group, and a leading manufacturer of electric buses and light commercial vehicles, has unveiled its contemporary electric bus platform SWITCH EiV12—the low-floor electric city bus for the Indian market.  It is India’s first low-floor city bus with chassis-mounted batteries, featuring a scalable battery capacity of over 400+ kWh. The vehicle was launched by Shri Nitin Gadkari, Hon’ble Minister for Minister of Road Transport and Highways of India, in the presence of Ashok P. Hinduja, Chairman of Hinduja Group Companies (India), other dignitaries, and industry leaders. Mr. Ashok P. Hinduja, Chairman of the Hinduja Group of Companies (India), observed while launching these vehicles “These buses are a tribute t...
Vi Business launches Easy+
Business

Vi Business launches Easy+

Vi Business has launched Easy+, a revolutionary new service for corporate post-paid users, allowing employees to conveniently purchase personal services like international roaming and OTT subscriptions directly through their existing corporate plans. Accessible via the Vi App, the service streamlines the process of adding services such as data packs, entertainment subscriptions, and roaming features without the need for separate approvals. Roerich Kaushal, Executive Vice President, Enterprise Mobility Business & Marketing, Vi Business, stated, "With Easy+, we are transforming the corporate post-paid experience by giving employees more control over their personal telecom needs, directly from their corporate plans." Easy+ offers a variety of services, including international roami...
Credit card defaults have jump by 110 basis points, the study said
Business, News

Credit card defaults have jump by 110 basis points, the study said

RBI data shows that the number of credit cards issued by banks has also increased sharply to 10.61 crore by September 2024 from 9.3 crore in September 2023, 7.36 crore in March 2022 and 6.20 crore in March 2021.Credit card repayment defaults are on the rise, reflecting growing stress and debt burden among customers. Credit card repayment defaults or portfolio risk (PAR) in banking parlance for credit cards with 91-180 days past due (DPD) have increased by 110 basis points to 7.6 per cent by June 2024 from 6.5 per cent in June 2023, a study said.This means that defaults or delays in repayment of credit card dues by customers even after 180 days have increased. The study conducted by CRIF High Mark, a credit information bureau registered with the Reserve Bank of India, said that credit card...
Cement prices may upgrade by 4%, which is good news for the sector
Business, News

Cement prices may upgrade by 4%, which is good news for the sector

According to CLSA, the Indian cement sector may see a price increase of 4% in the second half of FY25 and this will be good news for companies that have been affected by low prices across India for the last several quarters. However, the sustainability of these price increases remains a key monitorable factor, according to the brokerage. Cement prices increased by Rs 10-30 per bag in early December. The increase was the highest in the eastern and central regions of India at Rs 20-30 per bag, while the rest of the regions saw an increase of Rs 10.This means that cement prices across India have increased by 3.5% quarter-on-quarter so far in the third quarter. However, prices are still down 5% year-on-year. According to CLSA, cement demand remained weak throughout October, but it gradu...