Business Bureau

LIC Mutual Fund has launched its new scheme, the LIC MF Multi Asset Allocation Fund, aiming to offer investors a diversified investment option across equity, debt, and gold. The open-ended fund will be available for subscription through a New Fund Offer (NFO) from January 24 to February 7, 2025. The primary objective of the scheme is to generate long-term capital appreciation by investing in a mix of equity and equity-related instruments, debt and money market instruments, and units of gold Exchange Traded Funds (ETFs). The benchmark for the scheme combines 65% Nifty 500 TRI, 25% Nifty Composite Debt Index, and…

In a move to address the growing financial burden associated with Indian weddings, Tata AIA Life Insurance, a leading life insurer, has introduced 'Shubh Muhurat,' a novel life insurance solution. This product is designed to assist parents in systematically saving for their children's dream weddings while also providing financial security in unforeseen circumstances. Traditionally, Indian families have relied on gold, fixed deposits, and other conventional saving methods to accumulate funds for weddings. However, these options often lack flexibility or the potential for substantial wealth growth over time. Shubh Muhurat emerges as a solution, promoting goal-based saving through life insurance. The…

Air India has launched its groundbreaking AI-powered eZ Booking feature, promising a faster and more intuitive reservation experience for Maharaja Club loyalty program members. The feature, available on Air India’s website, eliminates complex navigation, allowing users to book tickets effortlessly by speaking or typing their travel needs. The innovative eZ Booking employs ‘Agentic AI,’ mimicking human travel agents by understanding natural language inputs and generating customized itineraries. Users can modify or finalize their plans with minimal commands, making the process seamless. “eZ Booking showcases our commitment to enhancing customer experience with intelligent digital solutions,” said Dr. Satya Ramaswamy, Chief Digital…

NHC Foods Limited, a leading exporter of spices and agricultural commodities, has reported a remarkable 384% growth in net profit for Q3-FY25, reaching ₹208.33 lakh compared to ₹43.03 lakh in the same period last year. Revenue for the quarter surged 58% to ₹7,352.97 lakh, driven by robust domestic and international demand. For the nine months ending December 31, 2024, net profit soared by 384% to ₹614.30 lakh, while revenue climbed 64% to ₹21,420 lakh, surpassing the company’s total FY24 profits. The performance underscores NHC Foods’ resilience and growth amid a challenging market landscape.To bolster growth, the company is investing in…

Flipkart, a leading player in India’s e-commerce sector, has partnered with the Industrial Training Institute (ITI) Kalyani, West Bengal, to establish a Center of Excellence (CoE) lab under its Supply Chain Operations Academy (SCOA). The initiative, outlined in a Memorandum of Agreement (MoA), aims to equip youth with industry-relevant skills for supply chain operations, addressing the growing demand in the e-commerce ecosystem. The CoE lab will provide free training, certifications, and a 45-day On-The-Job-Training (OJT) or Industry Exposure (IE) program at Flipkart facilities. SCOA’s curriculum covers key roles, including Picker, Putter, Packer, and Data Entry Operator. In 2024 alone, SCOA…

Flipkart, in collaboration with the Assam Project on Forests & Biodiversity Conservation (APFBC), hosted an orientation workshop focused on empowering self-help groups (SHGs) and cluster level federations (CLFs). The event, held at Aranya Bhawan, introduced participants to Flipkart’s 'Samarth' program, which aims to provide entrepreneurs with digital tools and PAN-India market access. Attendees, including artisans and weavers, gained insights on product listing and online business strategies. The workshop emphasized training and logistics support for sellers. Mr. Rajneesh Kumar, Chief Corporate Affairs Officer of Flipkart, highlighted the initiative's goal to foster economic opportunities and digital inclusivity for underserved communities. Launched in…

The Future Right Skills Network (FRSN), in partnership with the Directorate of Employment and Training, Assam, successfully hosted the ITI Ecosystem Summit in Guwahati, bringing together industry leaders, policymakers, and learners to discuss the future of skill development. The event, held at NEDFi House, emphasized the need to equip Assam’s Industrial Training Institutes (ITIs) with future-ready and green skills to prepare the youth for the rapidly evolving job market. The summit aimed to address the growing demand for skilled labor in sectors such as renewable energy, digital technology, and green construction. With sustainability and AI driving industrial change, the event…

Truecaller has unveiled its most significant update for iPhone users, bringing real-time caller ID and spam blocking to iOS 18.2 and newer versions. This development aligns Truecaller’s iOS experience with its Android counterpart, leveraging Apple’s Live Caller ID Lookup framework. This breakthrough, powered by homomorphic encryption, allows Truecaller to provide live caller identification while maintaining user privacy. Truecaller CEO Rishit Jhunjhunwala remarked, “We are excited to bring the full power of Truecaller to iPhone. This update fulfills our iPhone users’ long-standing request for parity with Android while preserving privacy.” Key features include automatic spam call blocking, searching through up to…

Care Health Insurance has launched Ultimate Care, a groundbreaking health insurance plan that sets a new benchmark in the industry by offering innovative features aimed at maximizing value for policyholders. The plan introduces several consumer-centric benefits designed to address unforeseen medical emergencies while rewarding policyholders for staying healthy. Ultimate Care combines extensive health coverage with a range of unique features. The MoneyBack feature offers policyholders a refund of their first year’s base premium after every five claim-free years. The Loyalty Boost adds an extra Sum Insured (SI) equivalent to the first policy year’s SI after seven claim-free years. Additionally, the…

Minister of State for External Affairs Pabitra Margarita concluded an eight-day diplomatic tour across the Philippines, the Republic of Palau, and the Federated States of Micronesia (FSM), marking a significant step in India's Indo-Pacific engagement. The visit, which began on January 14, included high-level discussions with the leadership of all three nations. In a landmark achievement, Margarita became the first Indian minister to visit Micronesia, where he met President Wesley W. Simina and Vice President Aren B. Palik. They explored avenues to bolster bilateral relations and discussed issues of mutual interest with Foreign Secretary Lorin S. Robert. In Palau, Margarita…