Business

Utkarsh Small Finance Bank Limited (Utkarsh SFBL) proudly announces the inauguration of 900th outlet of the Bank at Khunti, Ranchi, Jharkhand. This milestone is part of a broader expansion, which includes 7 new outlets launched today across Bihar, Jharkhand and UttarPradesh. With this, the Bank now operates 81 banking outlets in Jharkhand and a total of 903 outlets nationwide. The Bank has expanded its product and service offerings to customers in Khunti, Ranchi. These include various types of accounts, including savings, current, fixed, recurring, and loan products like housing, business, property, credit, insurance, and investment products. The Bank's extensive infrastructure, digital banking capabilities, and ATM network aim to provide integrated customer service. Mr. Govind Singh, ...

The Ministry of Human Resources and Emiratisation made an announcement of the Midday Break - prohibiting work under direct sunlight and in open-air areas across the UAE - between 12:30 and 15:00, from 15th June until 15th September, 2024. The Midday Break takes into consideration the need to keep regularity in certain jobs that affect the community as a whole. Jobs which are required to be done without uninterruption are exempted from implementing the decision for technical reasons. These include laying asphalt or pouring concrete if it is inconvenient to postpone these tasks until after the Break. Also on the list are works required to maintain hazards or repair damages that affect the community, such as interruptions to water supply or electricity, cutting off traffic, and other m...

Leading telecom operator Vi, announced its partnership with the global streaming service provider - Netflix, further strengthening its entertainment offerings for its customers. This partnership will offer users a world-class streaming experience on mobile, television, and tablet devices. The company is also introducing prepaid Netflix plans and plans to launch bundled postpaid plans. Netflix in India has announced its 2024 lineup, featuring a diverse range of films and series, including local and global hits like Heeramandi: The Diamond Bazaar, Amar Singh Chamkila, The Great Indian Kapil Show, Laapataa Ladies, Animal, Fighter, Dunki, Squid Game, Bridgerton, and Mamla Legal Hai. However, Vi has introduced two new Unlimited prepaid packs, which include unlimited calls and data bundled w...

Akasa Airline has started direct flights connecting Gorakhpur with Delhi and Bengaluru. Apart from Gorakhpur, the airline, which began flying in August 2022, flies to four other cities in Uttar Pradesh -- Ayodhya, Varanasi, Lucknow, and Prayagraj. The inaugural flight from Gorakhpur to Delhi started on Wednesday(May 29), the airline said in a release on Thursday. Recently, Akasa Air started international services and at present, it has flights to Doha and Jeddah.

Amazon is actively empowering communities by implementing various initiatives, affecting over 7.8 million people nationwide. The company utilizes its resources and innovative capabilities to provide essential education and skills training to underserved populations. Amazon is dedicated to providing essential education and skills training to underserved populations, including through programs like Amazon Future Engineer, which aim to bridge the gap in computer science education for young students from diverse backgrounds. Additionally, numerous scholarship programs are available to ensure financial accessibility. Amazon has started pre-positioning disaster relief materials, including shelter and hygiene kits, to provide them to communities in need within 72 hours. The company will use i...

The insurer's total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.Insurance giant LIC on Monday reported a marginal 2 % rise in net profit to Rs 13,763 Crore for the fourth quarter ended March 2024.The insurer had made a profit of Rs 13,428 Crore in the same quarter a year ago.The insurer's total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.LIC's incomes from first-year premium also increase to Rs 13,810 Crore in the latest January to March quarter from Rs 12,811 Crore in the same period previous financial. Income from revitalization premium increased to Rs 77,368 Crore...

This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime peak of 23,108.Domestic stocks made strong gains in Monday's trade to touch their new all-time high. This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime peak of 23,108. Domestic stock markets surged so much that it generated nearly Rs 1.5 lakh Crore of BSE market capitalization (M-cap). Here's a look at the rise in market numbers today: Investors' wealth improved by Rs 1.5 lakh CroreInvestor we...

ICICI Prudential Life Insurance introduces ICICI Pru Platinum, the company's first unit-linked product (ULIP), aligns distributor payouts with customers' fund value, with distributor commissions linked to their assets under management. This unique product incentivises distributors to encourage their customers to stay invested for the entire policy tenure. Notably, it offers customers a cost and tax-efficient route to build wealth over the long-term. ICICI Pru Platinum provides unlimited free switches between asset classes, without any cost or tax implications. This product offers customers 21 funds, comprising 13 equity and four each in the debt and balanced categories, besides offering an option of four portfolio strategies. Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential...

Amidst the hustle and bustle of India's stock market, a momentous event unfolded on May 23, 2024, as the National Stock Exchange (NSE) soared past the elusive USD 5 trillion market capitalization milestone. The air was electric with excitement as the Nifty 50 Index reached an unprecedented high of 22,993.60, igniting dreams and aspirations across the nation. The journey to this extraordinary achievement has been a testament to perseverance and determination. From humble beginnings at USD 2 trillion in July 2017, the market capitalization climbed to USD 3 trillion by May 2021, and then USD 4 trillion by December 2023, showcasing India's unwavering resolve in the face of adversity. At the heart of this soaring success lie the stories of everyday Indians, whose hopes and dreams are int...