Business Correspondent

Flipkart has announced the fourth edition of the Flipkart Samarth ‘Crafted by Bharat’ event which will be held from January 26-27 this year in honor of India’s 74th Republic Day. The event will celebrate India’s rich culture of handicrafts and handlooms by featuring over 100,000 products from more than 300 art forms across the country. The products available as part of this event exemplify both art and history, and support the artists who earn a livelihood from selling their products. Flipkart will also have a dedicated storefront on the platform for the event, under which products by women sellers will…

Bajaj Allianz General Insurance, one of the leading private general insurers of India today announced the launch of its modular health insurance product ‘My Health Care Plan’. My Health Care Plan is filed as an umbrella product under which customizable packages are offered. The company has announced Plan 1 under the umbrella product that consists of mandatory and optional coverages. My Health Care Plan product consists of mandatory coverages like In-patient hospitalization expenses and pre and post-hospitalization expenses. Under Maternity Package section, the plan covers maternity expenses for the insured member as well as the surrogate mother. Under Home Nursing…

Kotak Mahindra Bank Limited (“KMBL”/Kotak) has announced the launch of "Aadhaar on Wheels" Van in Bengaluru – a mobile AadhaarSeva Kendra that will provide convenient Aadhaar services to citizens including senior citizens, the differently abled, and pregnant women, among others. “Aadhaar on Wheels” was flagged off by ShriAnup Kumar, Deputy Director General, UIDAI RO – Bengaluru and Mr. Hemal Vakil, Joint President, Kotak Mahindra Bank Ltd. The “Aadhaar on Wheels” will provide all key services offered by a conventional AadhaarSeva Kendra such as enrolling for Aadhaar and updation of Aadhaar details – at doorstep of citizens residing in the city.…

Counterfeit activities are impacting the sustainable growth of the major industry in India, including Pharmaceuticals, FMCG, Automotives, Apparel, Consumer Durables/Electronics, and Agri products. The report is based on an independent survey conducted with consumers and retailers covering twelve Indian cities like Delhi, Agra, Jalandhar, Mumbai, Ahmedabad, Jaipur, Indore, Kolkata, Patna, Chennai, Bangalore, and Hyderabad) to gauge their perception of counterfeiting in several key sectors. Consumer perception pegged the extent of counterfeiting at 25-30% of the market, higher than the general industry expectations. Almost 89% of consumers acknowledge the presence of fake products in the market, and 31% willingly purchase counterfeit…

The JITO Premier League has started in Kolkata on 26th January and it will continue till 29th January. It is one of the much-awaited events for the Jain community members. This year the Premier League is taking place at the grounds on Bangur Avenue, D Block. This is the Fourth Season to the JITO Premier League and is probably one of the biggest day-night cricket tournaments happening in Kolkata. There are 180 players playing in the tournament representing 14 Teams. The selection process was extremely exciting and took about 2 months with 1 mega option day with the bidding reaching…

SBI Life Insurance has registered a New Business Premium of Rs. 21,512 crores for the period ended on 31st December, 2022 vis-a-vis Rs. 18,791 crores for the period ended December 31, 2021. Regular premium has increased by 22% over the corresponding period ended on 31st December, 2021. Establishing a clear focus on protection, SBI Life’s protection new business premium stood at Rs. 2,545 crores for the period ended December 31, 2022 marking a growth of 25%. Protection Individual new business premium registered a growth of 12%. Individual New Business Premium stands at Rs. 15,242 crores with 31% growth over the…

The Tata Motors Group global wholesales records  Q3FY23, including Jaguar Land Rover were at 3,22,556nos. And the rate is higher by 13%, as compared toQ3FY22. The  global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3FY23were at 97,956nos., lower by5%, over Q3FY22. Global wholesales of all passenger vehicles in Q3FY23 stood at 2,24,600nos., Again the rate is higher by 23% as compared to Q3FY22. Global wholesales for Jaguar Land Rover were 92,345 vehicles (*JLR number forQ3FY23 includes CJLR volumes of 12,754 units). Jaguar wholesales for the quarter were 16,275 vehicles, while Land Rover wholesales for the…

Glenmark Pharmaceuticals Ltd. (Glenmark), an innovation‐driven, global pharmaceutical company, is the first to launch in India a unique I.V. injection formulation, AKYNZEO® I.V., for the prevention of chemotherapy-induced nausea and vomiting (CINV), under an exclusive licensing agreement with Helsinn, a Swiss biopharma group company. AKYNZEO® I.V. is a fixed-dose combination off osnetupitant (235 mg) and palonosetron (0.25 mg). The drug is already being marketed in the EU, the US, and Australia. It is administered as a single infusion 30 minutes prior to the start of each chemotherapy cycle. Glenmark is the first and only CINV prevention therapy to prevent both…