Business

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...

In response to Israel's urgent need for skilled labor amid the ongoing war with Palestine's militant organization Hamas, Telangana workers have come forward to fill the gap. Following a 4-day recruitment camp in Hyderabad, 2,209 workers volunteered for construction jobs in Israel. Among them, 905 workers have been chosen to join Israel's foreign labor force. Organised by the Telangana state government in partnership with the National Skill Development Corporation International (NSDCI), the recruitment drive focuses to address Israel's pressing demand for skilled workers. The recruited workers, comprising ceramic tilers, plasterers, carpenters and iron benders, are drawn by the lucrative pay offered by Israel's construction industry, with each worker expected to earn between Rs 1.2 l...

Divi's Laboratories Q4 results: Divi's Laboratories on Saturday, May 25 announced January-March quarter results for the financial year 2023-24 (Q4FY24), reporting 67.6% rise in net profit to ₹538 crore. Whereas last year it was ₹321 Crore. Same period last year. The pharma major's revenue from operations grew 18% to ₹2,303 Crore in Q4FY24, compared to ₹1,951 Crore in the year-ago period. The company's board also declared a dividend of ₹2 (at 1,500 per cent) per equity share at face value of ₹30 for the financial year ending March 31, 2024.

ICICI Prudential Life revolutionizes claim settlement processes with unparalleled efficiency and transparency. The company's extraordinary performance in FY2024, boasting a remarkable 99.17% claim settlement ratio, has reshaped industry standards and cemented its reputation as a leader in customer-centric service.What sets ICICI Prudential Life apart is not just its impressive numbers but its commitment to expeditious and hassle-free claim settlements. With an average turnaround time of a mere 1.27 days for settling genuine death claims, the company has redefined the concept of prompt assistance during critical moments. Throughout the fiscal year, ICICI Prudential Life has maintained a consistent track record of excellence, with quarterly claim settlement ratios of 97.94% in Q1, 98.14%...

ITC Ltd on Thursday reported net profit of Rs 5,020.20 Crore for the March 2024 quarter, down 10% on year-on-year basis.The FMCG major had reported a net profit of Rs 5086.86 in the year-ago period. On a sequential basis, the bottom-line was marginally flat at Rs 5,572.07 in the December 2023, quarter.ITC's revenue from operations cut down 1.4% to Rs 17,571.72 Crore in the fourth quarter of financial year 2023-24. Its income in the same quarter of the previous financial year was Rs 17,506.08 Crore. Its income for the quarter ending December 31, 2023 stood at Rs 17,224 Crore.Ebitda for the quarter was down 0.8% at Rs 6,162.6 Crore, while Ebitda margin declined 70 basis points year-on-year to 37.2%. Its earnings were hit by inferior cigarette sales and turn down in FMCG margins.The company ...

Power Grid Corporation of India Limited (POWERGRID) on Wednesday announced its financial results for the fourth quarter (Q4) of the financial year 2024 (FY24) ending March 31, 2024.The state-owned company reported a nearly 4 per cent decline in its consolidated net profit to ₹4,166.33 Crore in the March quarter, mainly due to a marginal decline in income. Its consolidated net profit in the same quarter a year ago was ₹4,322.87 Crore.In a stock exchange filing, Power Grid said that its total income declined to ₹12,305.39 Crore in the fourth quarter, compared to ₹12,557.44 Crore in the same period a year ago.For the full fiscal year 2024, Power Grid’s consolidated net profit rose to ₹15,573.16 Crore from ₹15,419.74 Crore a year ago. POWERGRID said that its board of directors has recom...