Business

Hyundai Motor India Limited (the “Company”), a part of the Hyundai Motor Group, which has the third largest auto OEM in the world based on passenger vehicle sales in CY2023, according to the CRISIL Report, has proposed to open its initial public offering of Equity Shares (“Offer”) on Tuesday, October 15, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Monday, October 14, 2024. The Bid/ Offer Closing Date is Thursday, October 17, 2024. The Price Band of the Offer has been fixed from ₹ 1,865 per Equity Share to ₹ 1,960 per Equity Share. Bids can be made for a minimum of 7 Equity Shares and multiples of 7 Equity Shares thereafter.   The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) R...

SBI General Insurance, one of India's leading General Insurance companies announces the launch of ‘SBIG Health Super Top-Up’, a health insurance top-up plan designed as an economical and affordable option supplementing over and above the basic health insurance policy. The product offers versatility for individuals seeking insurance to enhance their existing policy - by seamlessly complementing any existing health insurance policy from any provider, whether corporate or personal. It enables customers to customize their coverage to suit their specific needs, ensuring a convenient and hassle-free experience. With lifestyle diseases on the rise and medical inflation escalating at approximately 14% in the country, having sufficient coverage is imperative to effectively manage unexpected...

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...

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...

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 ...

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 ...