Thursday, November 12

Business

Northeast unleashed: 30 new centres ignite entrepreneurship and skill development
Business

Northeast unleashed: 30 new centres ignite entrepreneurship and skill development

The Northeast region of India is set to experience a transformative shift in entrepreneurship and skill development with the inauguration of 30 Entrepreneurship Development Centres (EDCs) by Hon’ble Minister Jayant Chaudhary at the Northeast Skill Development and Entrepreneurship Conclave 2024, hosted at IIM Shillong. This event marks a milestone in the "Act First for Northeast" initiative, aimed at harnessing the region’s potential through collaborative efforts. Minister Chaudhary articulated a vision of resurgence, stating, “Our North-Eastern States have experienced a resurgence, reclaiming their position of prominence.” The conclave brought together leaders, industry experts, and academicians to discuss pathways for regional cooperation and innovation, focusing on upgrading Indu...
Toyota Kirloskar Motor takes the lead in sustainability on World Environment Health Day
Business

Toyota Kirloskar Motor takes the lead in sustainability on World Environment Health Day

Marking the World Environment Health Day, Toyota Kirloskar Motor (TKM) has reaffirmed its long-standing commitment to environmental sustainability. Over the years, TKM has consciously adopted sustainable business practices and transformed from a carmaker to a mobility company. Keeping with its principle of ‘Respect for the Planet’, Toyota globally announced the ‘Toyota Environmental Challenge 2050’ (TEC 2050) in October 2015, comprising six environmental challenges. The first set of 3 challenges focuses on achieving carbon neutrality from our products and its entire value chain, including the manufacturing activities. The company’s eco-conscious efforts not only focus on positively contributing to the environment but also promote sustainable living among various stakeholders to ena...
Ola Electric shares drop 4%; plunge below Rs 100 for first time since listing
Business, News

Ola Electric shares drop 4%; plunge below Rs 100 for first time since listing

Shares of Ola Electric Mobility declined over 4 per cent on September 30, pushing the stock below the Rs 100 mark for the first time since its listing on the bourses. Moreover, the stock has been in the red in 12 of the last 14 sessions.According to this, it has fallen by more than 16 percent in the last one month. At 12.22 pm, Ola Electric Mobility shares were trading at Rs 98.80 on NSE.The company recently launched its 'Network Partner Program' to expand EV penetration in tier-2 and tier-3 cities. Ola Electric has already onboarded 625 partners to expand its sales presence across India, and plans to reach 1,000 partners before the upcoming festive season.Brokerage firm HSBC pointed out in a recent note that it visited several Ola service stations and found many were overwhelmed with ser...
PNB inflation Rs 5,000 crore through QIP issue
Business, News

PNB inflation Rs 5,000 crore through QIP issue

New Delhi: Public sector Punjab National Bank (PNB) has raised Rs 5,000 crore by issuing equity shares to qualified institutional investors.PNB said in a statement that, The bank allotted around 48.19 crore equity shares at an issue price of Rs 103.75 per share, which was at a discount of 4.96 percent to the floor price of Rs 109.16 per share.The bank said its QIP issue is open for subscription from September 23 to 26, 2024.The bank said that "The Bank received bids of Rs 41,734 crore for the QIP issue from qualified institutional buyers (QIBs), including mutual funds, foreign portfolio investors (FPIs), insurance companies, etc., which is 16.7 times the base issue size of Rs 2,500 crore and 8.3 times the total issue size of Rs 5,000 crore".He said the capital raised through the QIP issue...
Boost Your Retirement Savings with ICICI Prudential’s New Signature Pension Offering
Business

Boost Your Retirement Savings with ICICI Prudential’s New Signature Pension Offering

ICICI Prudential Life Insurance has launched ‘ICICI Pru Signature Pension’, a market linked pension product enabling customers to build a cost and tax efficient retirement fund. Retirement planning is a crucial activity and a must for all customers to be financially independent. This unique product helps customers to effectively plan for both the accumulation and income generation phases of retirement planning. Announcing the launch Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “We are happy to offer ICICI Pru Signature Pension, a market linked product which provides customers the opportunity to participate in the India growth story to build their retirement corpus. Importantly, the product allows customers to make a tax-free withdrawal of...
Toyota Kirloskar Motor’s modified Hilux: A game changer at Himtech 2024
Business

Toyota Kirloskar Motor’s modified Hilux: A game changer at Himtech 2024

Toyota Kirloskar Motor (TKM) has showcased special-purpose Hilux (modified with the support of an authorized external vendor) at the Himtech 2024 symposium, organized by the Indian Army jointly with FICCI (Federation of Indian Chambers of Commerce & Industry). Moving towards the national goal of “Raksha Atamanirbharta’, and to provide the defense forces with access to the best equipment and solutions available, these two organizations (Indian Army & FICCI) have collaborated for "HIMTECH 2024" with an emphasis on utilizing military technology for high altitude areas (HAA). The event, held at the Rinchen Auditorium Grounds, Leh, Ladakh, on 20th and 21st September 2024, witnessed the presence of senior officials from the Army Commands, Air Force, ITBP (Indo-Tibetan Border Poli...
Nothing announces unprecedented festive discounts on Flipkart Big Billion Days
Business

Nothing announces unprecedented festive discounts on Flipkart Big Billion Days

As the festive season approaches, London-based tech company Nothing has announced jaw-dropping discounts on its Nothing and CMF product lines for Flipkart's Big Billion Days sale. Shoppers can snag the Nothing Phone (2a) for ₹18,999 (with a ₹1,000 bank discount) and the Nothing Phone (2a) Plus at ₹23,999 (with a ₹2,000 bank discount)—their lowest prices ever. The CMF Phone 1 will also be available at ₹12,999, while the CMF Watch Pro and CMF Buds Pro will sell for ₹2,499 each. The Nothing Ear is priced at ₹7,999, and the newly launched Power 100W Charger will retail at ₹3,499. Shillong, a hub for savvy smartphone users, is set to embrace these deals with enthusiasm. Known for its trend-conscious tech buyers, the city is likely to witness a surge in demand, especially with the com...
Tata Motors shares upgrade 2% on JLR’s £500 million electric SUV investment plan
Business, News

Tata Motors shares upgrade 2% on JLR’s £500 million electric SUV investment plan

Shares of Tata Motors Ltd rose more than 2 per cent to Rs 986.4 in the afternoon on September 26 after its British arm, Jaguar Land Rover, announced plans to spend 500 million pounds ($669 million) on rebuilding one of its factories in England, which is set to start building electric SUVs.Jaguar Land Rover (JLR), maker of Range Rover and Land Rover vehicles, has announced plans to double its investment at its Halewood plant near Liverpool, taking total spending to £500 million over the coming years. The company has invested £250 million in the facility over the past 12 months, aiming to make it JLR's first fully electric plant.Despite its increased investment, JLR warned that the cost of its transition to electric vehicles (EVs) will be higher than initially estimated, because of waning c...
Bandhan Bank shares downgrade after chief audit executive resigns
Business, News

Bandhan Bank shares downgrade after chief audit executive resigns

Shares of private lender Bandhan Bank Ltd fell on September 25 after its chief audit executive resigned to "explore alternative opportunities".In a stock exchange filing on September 24, Bandhan Bank said chief audit executive Ravi Lahoti has resigned and his last working day at the bank will be December 21, 2024."Ravi Lahoti, Chief Audit Executive of the Bank, has decided to explore alternative opportunities and has accordingly tendered his resignation from the services of the Bank vide a letter dated September 23, 2024," Bandhan Bank said in a stock exchange filing.At 10:55 am on September 25, Bandhan Bank shares were trading lower by 1.3 per cent at Rs 205.06 per share.Lahoti said in his resignation letter, "I have worked in the internal audit and AML domain for over 20 years, includin...
Utkarsh Small Finance Bank innovates for inclusion: 15 new outlets mark a milestone
Business

Utkarsh Small Finance Bank innovates for inclusion: 15 new outlets mark a milestone

Celebrating 15 years of service, Utkarsh Small Finance Bank Limited (Utkarsh SFBL) has inaugurated 18 new banking outlets across India, increasing its total to 966. This expansion highlights the bank's unwavering commitment to financial inclusion, with new branches strategically located in states such as Bihar, Himachal Pradesh, and Madhya Pradesh. Chairman Parveen Kumar Gupta stated, “This milestone reflects our dedication to empowering communities with accessible banking solutions.” MD & CEO Govind Singh noted the bank's journey, emphasizing its focus on delivering customer-centric products. In Shillong, the introduction of new outlets is set to cater to the growing demand for financial services, particularly among local businesses and residents. By providing a diverse range o...