Wednesday, May 6

Business

Shopsy sets new benchmark; surpasses 330 million downloads in 3 years
Business

Shopsy sets new benchmark; surpasses 330 million downloads in 3 years

Shopsy, India's pioneering hyper-value e-commerce platform, has achieved a groundbreaking milestone with over 330 million app downloads within just three years of its launch. Known for its innovative approach to affordable shopping, Shopsy offers a vast array of products across 1,300 categories, serving customers in more than 19,000 pin codes nationwide. The platform supports a robust community of 1.4 million sellers, including integration from Flipkart, leveraging advanced technology to enhance user experience and streamline operations. Prathyusha Agarwal, Business Head at Shopsy, highlighted, "Our success stems from continuous innovation and a commitment to providing unparalleled value to our customers and sellers alike. We are dedicated to leveraging cutting-edge technology to furth...
Vi unveils new REDX plan for postpaid users, offering Netflix and premium benefits
Business

Vi unveils new REDX plan for postpaid users, offering Netflix and premium benefits

Vi, the leading telecom operator, has introduced an enhanced REDX plan that goes beyond connectivity to enrich the lives of its postpaid users. Priced at Rs 1201, this plan is more than just a telecom service; it’s a gateway to a world of entertainment, security, and convenience. At the heart of the new REDX plan is its partnership with Netflix, offering subscribers unrestricted access to the latest shows and movies, whether on their mobile devices or at home on their TVs. This collaboration brings together Vi's robust network with Netflix’s acclaimed content library, ensuring seamless entertainment for all.Beyond entertainment, Vi enhances the everyday experiences of its users. With a six-month Swiggy One membership, subscribers can enjoy hassle-free food deliveries and significant di...
Times Now Doctors Day Conclave Urges ‘Risk-Grading’ of Tobacco Products
Business

Times Now Doctors Day Conclave Urges ‘Risk-Grading’ of Tobacco Products

The Times Now Doctors Day Conclave brought together top medical professionals to commemorate Doctors' Day and tackle India's pressing health issues, including the devastating impact of tobacco use. While existing policies aim to curb tobacco consumption, the human and economic cost remains significant. Dr. Sequeira, a prominent public health expert, emphasized the need to differentiate between nicotine and tobacco. He argued that while nicotine is addictive, it is not directly responsible for the cancer, lung, and heart diseases that kill millions of Indians annually. Instead, other chemical compounds in tobacco and the smoke from burning tobacco contribute to these illnesses and deaths.  The current national tobacco control policies in India have not yielded desired results, r...
Dyson launches revolutionary Airstrait™ Straightener: Wet to dry styling with air
Business

Dyson launches revolutionary Airstrait™ Straightener: Wet to dry styling with air

Dyson has unveiled the Dyson Airstrait™ straightener, setting a new standard in hairstyling technology by eliminating hot plates and heat damage.Engineered for diverse hair types, the Dyson Airstrait™ straightener achieves a natural straight look directly from wet hair. Its design includes two arms with high-pressure air jets that emit precisely angled airflow, drying and straightening hair simultaneously. This innovative approach not only saves time but also maintains hair strength and health, delivering a smooth, shiny finish. James Dyson, Founder and Chief Engineer, emphasized the breakthrough: "Our expertise in manipulating powerful airflow over decades has led to the Dyson Airstrait™ straightener. It combines the convenience of traditional straighteners with high-velocity air blad...
Shipping Corporation of India stock up 40% in 3 sessions, increase 16.5%
Business, News

Shipping Corporation of India stock up 40% in 3 sessions, increase 16.5%

Shipping stocks continued their impressive rally for the second consecutive session on Friday, with Shipping Corporation of India (SCI) rising 16.40% to hit a record high of ₹384.20 per share. In the previous trading day, the stock had touched the upper circuit limit of 20% due to positive developments. This recent rally in the stock has propelled it upturn 40% in 3 sessions and 113% so far in the current year.Indian Oil Corporation Limited (IOCL), the country's largest oil marketing company and refiner, is being considered as the preferred partner for this joint initiative with SCI.India currently accounts for less than 1% of the global shipbuilding market, which is dominated by China, South Korea and Japan, and has never produced an oil tanker before. The proposal is in line with the go...
SBI upgrade Rs 10,000 Crore through long-term infrastructure bonds
Business, News

SBI upgrade Rs 10,000 Crore through long-term infrastructure bonds

State Bank of India (SBI) on Wednesday said it has raised Rs 10,000 Crore through its sixth infrastructure bond issue offering a coupon of 7.36 percent. The bank said the issue received bids worth over Rs 18,145 Crore and was oversubscribed by about 3.6 times against the base issue size of Rs 5,000 Crore. The total number of bids received from investors from various sectors including provident funds, pension funds, insurance companies, mutual funds and corporate was 120. The lender said the proceeds of the bonds with 15-year maturity will be used to raise long-term resources to finance infrastructure and affordable housing sectors. "This issuance will help evolve the long-term bond curve and encourage other banks to issue long-term bonds," SBI Chairman Dinesh Khara said. Wi...
IIMB’s new online BBA program targets Digital Business and Entrepreneurship
Business

IIMB’s new online BBA program targets Digital Business and Entrepreneurship

Indian Institute of Management Bangalore (IIMB) has launched a pioneering online undergraduate programme in Digital Business and Entrepreneurship, starting in September 2024. This initiative, delivered through IIMB's digital learning platform IIMBx, marks the institution's foray into undergraduate education.The three-year Bachelor of Business Administration (BBA) programme, directed by Prof. Suresh Bhagavatula, will blend digital technology, business management principles, and entrepreneurial skills. It aims to equip students with the necessary tools to thrive in a competitive business environment, offering internships and practical projects to enhance real-world learning experiences.IIM Bangalore's reputation for excellence in education and leadership in Massive Open Online Courses (MOOC...
Toyota Kirloskar Motor’s ‘Green Wave Initiative’ blossoms with Miyawaki afforestation
Business

Toyota Kirloskar Motor’s ‘Green Wave Initiative’ blossoms with Miyawaki afforestation

Toyota Kirloskar Motor (TKM) is cultivating a greener tomorrow with its ambitious 'Green Wave Initiative' during this year's Environment Month. Aligning with the Toyota Environmental Challenge 2050, TKM has distributed over 7,000 saplings to employees, emphasizing their commitment to 'Establishing a Future Society in Harmony with Nature'. Employees are actively participating in planting and nurturing these saplings, fostering community engagement and environmental stewardship. Since adopting the Miyawaki Method of Afforestation in 2009, TKM has transformed 112 acres of its Bidadi facility into a thriving ecosystem hosting 790 native species. Notably, this method has been pivotal in sequestering 30.86 tons of carbon per acre, showcasing TKM's dedication to environmental conservation and...
Employment rate provisionally araise to 6% in FY2024 from 3.2% in FY2023: RBI data
Business, News

Employment rate provisionally araise to 6% in FY2024 from 3.2% in FY2023: RBI data

According to Reserve Bank of India data, the country's employment rate grew by 6 percent in the financial year ending March 31, 2024, up from 3.2 percent in 2022-23.Employment in the country improved by 4.67 crore to 64.33 crore (provisional) in the fiscal year 2023-24, from 59.67 crore in 2022-23, the RBI’s Measuring Productivity at the Industry Level-The India KLEMS [Capital, Labour, Energy, Material and Services] database showed.RBI data shows that employment in the country stood at 57.75 crore in the year ending 2022-23, while it was 56.56 crore in 2021-22.The database covers 27 industries covering the entire Indian economy. The database also provides these estimates at broad sectoral levels (agriculture, manufacturing and services) and at the all India level.It includes measures of g...
Thailand’s Response to E-Cigarettes: Committee Offers Three Policy Recommendations
Business

Thailand’s Response to E-Cigarettes: Committee Offers Three Policy Recommendations

Mr. Niyom Wierathandithakul, Phrae MP of the Party for Thailand & the chairperson of the Special Parliamentary Committee tasked with studying laws and measures to control e-cigarettes in the country, proposed three approaches:1). Continue the ban on e-cigarettes and toughen existing laws, 2). Regulate heated tobacco products (HTPs) while maintaining the e-cigarette ban, 3). Regulate both e-cigarettes and HTPs. The committee, consisting of 35 members from various state agencies, civil organizations, relevant offices, and individuals with e-cigarette experience, aims to address the issue of e-cigarettes. The committee has invited experts and examined multi-facet impacts, including on health, society, children and youth, the economy and law enforcement. The committee in Thailand pr...