Business

Vi launches ‘Super Pack’ at Rs 175: A technological leap in prepaid OTT services
Business

Vi launches ‘Super Pack’ at Rs 175: A technological leap in prepaid OTT services

India’s leading telecom operator Vi has introduced its latest offering for prepaid customers, the Vi Movies & TV Super Pack. The all-new avatar of Vi Movies & TV, launched in March earlier this year, is a one-stop entertainment destination for all Vi subscribers. Vi Movies & TV provides a vast range of entertainment to its users, with up to 17 OTT apps, 350 live TV channels, and complimentary access to several content libraries all under one app through thoughtfully designed packs across postpaid and prepaid. With the latest addition of the ‘Super’ pack, Vi prepaid users can access 15+ OTT platforms, including SonyLIV, ZEE5, ManoramaMAX, FanCode, PlayFlix, and more, along with 10GB data.  Vi Movies & TV Super Pack offers 15+ OTT benefits to prepaid users...
Rama Steel reports 42% YoY inflation in steel sales in Q2 
Business, News

Rama Steel reports 42% YoY inflation in steel sales in Q2 

 Rama Steel Tubes said it recorded sales of 50,921.67 tonnes in Q2 FY25, up 42% as compared to sales of 35,780.327 tonnes in Q2 FY24.On a sequential basis, the volume is higher by 36%. Sales volume for Q1 FY25 stood at 37,365.55 tonnes in Q1 FY25.The company has recorded sales of 88,287.22 tonnes in H1 FY25 as against 84,218.01 tonnes in H1 FY24, registering a growth of 5% over the same period last year.Rama Steel Tubes is engaged in the business of manufacturing steel pipes and related products.The company reported a 10% decline in consolidated net profit in Q1 FY25 at Rs 6.36 crore as against Rs 7.07 crore in Q1 FY24. Revenue from operations declined 30.7% year-on-year to Rs 216.64 crore during the quarter ended June 30, 2024.The stock is currently trading at Rs 13.84 on BSE, down ...
Samsung India honors next generation of problem solvers at ‘Solve for Tomorrow 2024’
Business

Samsung India honors next generation of problem solvers at ‘Solve for Tomorrow 2024’

Samsung India has unveiled the winners of its ‘Solve for Tomorrow 2024’ competition, highlighting groundbreaking technological innovations developed by young minds across the country. Team Eco Tech Innovator from Golaghat, Assam, was crowned the Community Champion in the School Track for their ingenious solution aimed at ensuring equitable access to potable water, earning a seed grant of INR 25 lakh. Meanwhile, Team METAL from Udupi, Karnataka, received the Environment Champion award in the Youth Track for their innovative technology designed to remove arsenic from groundwater, securing a grant of INR 50 lakh for incubation at IIT-Delhi. The event celebrated the creativity and problem-solving skills of the ten finalist teams, each of which received INR 1 lakh and certificates for their...
UCO Bank’s total advances upsurge 18.6% YoY in September quarter
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UCO Bank’s total advances upsurge 18.6% YoY in September quarter

PSU lender UCO Bank on October 4 said its total advances rose 18.56 percent year-on-year to Rs 1.98 lakh crore in the second quarter of the current financial year. Total advances of the bank were Rs 1.93 lakh crore in April-June quarter, and Rs 1.67 lakh crore in the year-ago period. In July-September quarter, domestic advances of the lender rose to Rs 1.74 lakh crore, as compared to Rs 1.67 lakh crore in a quarter ago period and Rs 1.43 lakh crore in the year-ago period. Domestic advances grew 21.68 percent on a yearly basis, and 4.19 percent on a quarterly basis. Total deposits of the bank in September quarter increased 10.84 percent to Rs 2.76 lakh crore from Rs 2.49 lakh crore a year ago. Domestic deposit in July-September quarter jumped 8.20 percent year-on-y...
ICICI Prudential Life Insurance Reports Record 99.35% Claim Settlement Ratio for Q1-FY2025
Business

ICICI Prudential Life Insurance Reports Record 99.35% Claim Settlement Ratio for Q1-FY2025

ICICI Prudential Life Insurance has set a new industry benchmark with a remarkable claim settlement ratio of 99.35% for the first quarter of FY2025, reaffirming its commitment to customer satisfaction in the Indian life insurance market. The company settled death claims worth ₹381.24 crore during this period, with an impressive average turnaround time of just 1.2 days for non-investigative claims. Mr. Amish Banker, Chief Operations Officer of Customer Service, emphasized the importance of trust in the insurance industry, stating, “Life insurance ensures financial security for families in the absence of an earning member. We process claims with sensitivity and speed, reflected in our leading ratio.” This achievement highlights ICICI Prudential's consistent performance, improving from a ...
Indusind Bank Q2 business update: Advances increase 13%, deposits grow 15%
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Indusind Bank Q2 business update: Advances increase 13%, deposits grow 15%

IndusInd Bank on Friday (October 4) released its business update for the quarter ended September 30, 2024. The bank reported a 13% year-on-year (YoY) growth in net advances to ₹3.57 lakh crore from ₹3.15 lakh crore in the corresponding quarter last year.On a quarter-on-quarter (QoQ) basis, net advances grew 3%, standing at ₹3.48 lakh crore in June 2024.Deposits as of September 30, 2024 grew by 15% to Rs 4.13 lakh crore as compared to Rs 3.60 lakh crore in the same period last year.The bank also reported a 4% quarterly growth in deposits, which stood at ₹3.99 lakh crore in June 2024.The bank's CASA (current account savings account) ratio fell marginally to 35.9% from 36.7% in the previous quarter and 39.4% a year ago.Despite the plunge, retail deposits and deposits from small business cust...
Vi launches ‘Game to Fame’ tournament, usher in a new era for eSports in India
Business

Vi launches ‘Game to Fame’ tournament, usher in a new era for eSports in India

In the run-up to the India Mobile Congress 2024, leading telecom operator Vi has announced the launch of its first ever grass-roots eSports tournament–‘Vi Game to Fame’. India is among the top markets for gaming, accounting for approximately 20% of the world’s total mobile game downloads. Vi Game to Fame aims to bring together amateur esports enthusiasts from across the country to compete, collaborate, showcase their skills, and earn an opportunity to shine at not only a national but also an international level.  Vi Game to Fame highlights the company’s commitment to enable exciting immersive digital experiences for its customers and foray into gaming with a comprehensive mobile gaming platform—Vi Games. Registrations for Vi Game to Fame opens from 1st October till 5th October ...
IREDA H1 Business Update: Disbursements upgrade 56%, loan book nears ₹65,000 crore
Business, News

IREDA H1 Business Update: Disbursements upgrade 56%, loan book nears ₹65,000 crore

State-run Indian Renewable Energy Development Agency (IREDA) Ltd. reported its business update for the April-September period in an exchange filing on Monday evening.For the first half of the current financial year, which ended on September 30, the loans sanctioned by IREDA increased by 303% from last year to ₹17,860 crore from ₹4,437 crore worth of loans that it sanctioned during the same period last year. In terms of disbursements, IREDA disbursed 56% more loans in the period that ended on September 30, compared to the same half last year. The company disbursed loans worth ₹9,787 crore, compared to ₹6,273 crore last year. At the end of the first half, IREDA's loan book outstanding stood at ₹64,500 crore, which is a 36% growth from the year-ago quarter, when the PSU's loan book sto...
Meghalaya Health Minister emphasizes cancer-free future, calls for affordable care
Business

Meghalaya Health Minister emphasizes cancer-free future, calls for affordable care

At the ‘FICCI Roundtable for the North-Eastern Region,’ Meghalaya Health Minister Dr. Lyngdoh emphasized the state’s vision of a cancer-free generation with access to affordable and accurate cancer care. "Our priority is cancer surveillance, and leveraging technology will allow us to save lives," she stated. The roundtable, hosted by FICCI under the aegis of the Ministry of Health & Family Welfare, addressed strategies to make cancer care more affordable across India. Raj Gore, Chair of FICCI’s Cancer Task Force, noted that the Northeast faces unique cancer challenges, with high tobacco consumption driving incidence rates. "The need for comprehensive prevention and early detection is critical," Gore added. Shillong stands to benefit from these efforts. Increased collaboration be...
Oriflame leads the charge in sustain- ability and women empowerment at Swedish Networking Reception
Business

Oriflame leads the charge in sustain- ability and women empowerment at Swedish Networking Reception

Oriflame, the renowned Swedish holistic well-being brand, highlighted its commitment to sustainability and women empowerment at the recent Swedish Networking Reception hosted by the Swedish Embassy. The event, featuring iconic brands such as Ikea, Volvo, H&M, and Tetra Pak, focused on the critical theme of sustainability and its role in enhancing India-Sweden relations. Oriflame made a significant statement with its 100% biodegradable stall, showcasing a close-to-nature approach. The company proudly reported that 80% of its brand partners are women, while 85% of its products sold in India are produced locally, illustrating its impactful contribution to the Indian economy. Edyta Kurek, Senior Vice President & Head of India, expressed, “We are committed to empowering m...