Wednesday, August 12

Business

Chanakya IAS Academy announces launch date for SUPER 20 batch in Guwahati, focus on UPSC 2025 success
Business

Chanakya IAS Academy announces launch date for SUPER 20 batch in Guwahati, focus on UPSC 2025 success

Chanakya IAS Academy in Guwahati has announced its highly anticipated 'SUPER 20 Batch' tailored for UPSC 2025 aspirants, marking a significant advancement in civil service exam preparation. This exclusive batch, characterized by a low teacher-student ratio of 1:20, promises personalized mentorship and comprehensive training over an intensive 8-month curriculum. Commencing on August 20, 2024, the SUPER 20 Batch integrates a dynamic hybrid learning model combining offline, online, and recorded classes to cater to diverse learning preferences. Students will benefit from access to a well-stocked 24x7 library and specialized guidance sessions led by past successful candidates of Chanakya IAS Academy, emphasizing main answer writing techniques and holistic exam preparation. Mrs. Kuranga N...
SBI has jump lending rates by 5-10 bps for most tenures from today
Business, News

SBI has jump lending rates by 5-10 bps for most tenures from today

State Bank of India (SBI) has increased its marginal cost of lending rates (MCLR) by 5 to 10 basis points (bps) for most tenures from today, July 15. Shares of State Bank of India, India's largest public sector bank (PSB), are trading at ₹868.00, up 0.97 percent from its previous close. SBI MCLR increase MCLR on overnight lending period increased by 5 bps to 8.10 percent.MCLR on loan tenure of one month increased by 10 bps to 8.35 percent.MCLR on loan tenure of three months increased by 10 bps to 8.40 percent.MCLR on loan tenure of six months increased by 10 bps to 8.75 percent.MCLR on loan tenure of one year increased by 10 bps to 8.85 percent.MCLR on loan tenure of two years increased by 10 bps to 8.95 percent.MCLR on loan tenure of three years increased by 5 bps to 9.00 percent.L...
As income tax overtook corporation tax, net direct tax collections upsurge by nearly 20 percent
Business, News

As income tax overtook corporation tax, net direct tax collections upsurge by nearly 20 percent

Personal income tax collections are overtaking corporate tax collections, with cumulative net direct tax collections rising by nearly 20 percent to Rs 5.74 lakh crore during the period April 1 to July 11 of the current financial year (2024-25), Income Tax Department said in a statement late Friday night. Personal income tax collections continue to exceed corporate tax collections, with Securities Transaction Tax (STT) collections more than doubling to Rs 16,634 crore in FY20. Direct taxes essentially include personal income tax and corporate tax. STT collections, which are counted in the overall personal income tax collections, have increased due to the sharp increase in stock market trading activity. In FY24, STT collection from April 1 to July 11 was Rs 7,285 crore.Personal income ta...
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...