Business

04 Oct

Indusind Bank Q2 business update: Advances upsurge 13%, deposits grow 15%

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IndusInd Bank on Friday (October 4) released its business update for the quarter ended September 30, 2024. The bank reported a 13% year-on-year (YoY) growth in net advances to ₹3.57 lakh crore from ₹3.15 lakh crore in the corresponding quarter last year.On a quarter-on-quarter (QoQ) basis, net advances grew 3%, standing at ₹3.48 lakh crore in June 2024.Deposits as of September 30, 2024 grew by 15% to Rs 4.13 lakh crore as compared to Rs 3.60 lakh crore in the same period last year.The bank also reported a 4% quarterly growth in deposits, which stood at ₹3.99 lakh crore in…

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04 Oct

Vi launches tournament to boost eSports in India

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Vi launches its first ever gaming competition to provide an international stage for budding eSports enthusiasts. In the run-up to the India Mobile Congress 2024, leading telecom operator Vi, has announced the launch of its first ever grassroot eSports tournament – ‘Vi Game to Fame’.  India is among the top markets for gaming, accounting for approximately 20% of the world’s total mobile game downloads. Vi Game to Fame aims to bring together amateur esports enthusiasts from across the country to compete, collaborate, showcase their skills and earn an opportunity to shine at not only national, but also at an international…

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04 Oct

METRO Shoes unveils fashion-forward campaign featuring Triptii Dimri & Vijay Varma

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METRO Shoes has launched its Autumn Winter 2024 campaign, starring Bollywood actors Triptii Dimri and Vijay Varma as brand ambassadors. The campaign brings a festive flair, blending METRO’s latest collection with a focus on rediscovering the joy of dressing up. Triptii Dimri shines with her contemporary femininity, featuring signature pieces like the Metallic High-Heel Sandals and Mesh Block-Heels, while Vijay Varma exudes sophistication with styles like Leather Chelsea Boots and Croc-Effect Moccasins. The collection focuses on versatility, high fashion, and comfort. Alisha Malik, President of METRO Brands Ltd., said, "Triptii and Vijay exemplify our audience's authentic sense of style. This…

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04 Oct

ICICI Prudential Life achieves 99.35% claim settlement ratio in Q1-FY2025

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ICICI Prudential Life Insurance has reported an impressive claim settlement ratio of 99.35% for the first quarter of FY2025, the highest in the Indian life insurance industry. The company settled death claims worth ₹381.24 crore, with an average turnaround time of just 1.2 days. Mr. Amish Banker, Chief Operations Officer of Customer Service, stated, “Life insurance is essential for ensuring the financial security of families. We handle every claim with the utmost sensitivity and efficiency.” This outstanding ratio reflects the company's ongoing commitment to policyholders, with a consistent track record of high settlement ratios, including 97.94% in Q1-FY2024 and 99.17%…

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04 Oct

Bingo! Tedhe Medhe releases pujo special song ‘Rockanjali’ to honor 50 years of Bangla rock

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Bingo! Tedhe Medhe has unveiled a special tribute to Bengali rock music this Durga Puja with the release of the song ‘Rockanjali.’ Composed and performed by iconic Bengali rock musicians Siddhartha Sankar Roy (Siddhu), Avijit Burman (Pota) from Cactus, Gaurab Chatterjee (Gabu) from Lakkhichara, and Anindya Chatterjee from Chandrabindoo, the song celebrates the 50-year legacy of Bengali rock while emphasizing friendship and bonding, themes central to the Puja festivities. In addition to the song, Bingo! Tedhe Medhe launched the ‘Rockanjali’ contest, inviting young musicians to showcase their talent. Over 120 students from Kolkata’s colleges entered, with 15 finalists set to…

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04 Oct

Empowering Northeast’s youth: A step toward economic transformation

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The Ministry of Skill Development and Entrepreneurship (MSDE) has successfully organized the “Northeast Skill Development and Entrepreneurship Conclave 2024” at IIM Shillong. This event is a significant leap towards fostering entrepreneurship and skill development in the northeastern region of India.  Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship and Minister of State, Ministry of Education, Govt of India, was the Chief Guest at the event alongside other prominent leaders from various northeastern states, industry experts, and academicians, all engaged in discussions on strengthening the region and unlocking new opportunities. The conclave included fostering…

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03 Oct

IREDA H1 Business Update: Disbursements jump 56%, loan book nears ₹65,000 crore

editorBusiness, News

State-run Indian Renewable Energy Development Agency (IREDA) Ltd. reported its business update for the April-September period in an exchange filing on Monday evening.For the first half of the current financial year, which ended on September 30, the loans sanctioned by IREDA increased by 303% from last year to ₹17,860 crore from ₹4,437 crore worth of loans that it sanctioned during the same period last year. In terms of disbursements, IREDA disbursed 56% more loans in the period that ended on September 30, compared to the same half last year. The company disbursed loans worth ₹9,787 crore, compared to ₹6,273 crore…

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03 Oct

Jawa Yezdi Motorcycles launches the striking Jawa 42 FJ in Guwahati

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Jawa Yezdi Motorcycles has officially launched the all-new 350 Jawa 42 FJ, the latest addition to its popular "42 Life" series, in Guwahati. Priced starting at Rs. 1.99 Lakh (ex-showroom Delhi), the 42 FJ promises to deliver a compelling blend of design, performance, and affordability, setting a new benchmark in the neo-classic motorcycle segment. The 42 FJ features a bold road presence with a longer wheelbase and enhanced ground clearance, complemented by segment-first brushed aluminum tank panels. It is powered by the new 350 Alpha2 engine, offering class-leading performance with 29.2 PS and 29.6 Nm of torque. The motorcycle also…

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03 Oct

LEGACY COLLECTIVE celebrates Nakshi Kantha art at Kolkata’s Durgotsav

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LEGACY COLLECTIVE, the Bacardi brand synonymous with the Spirit of India, has launched a remarkable Nakshi Kantha art piece in collaboration with the renowned NGO She Kantha at the prestigious Ahiritola Sarbojanin Durgotsav. This initiative aims to preserve the centuries-old tradition of Nakshi Kantha, celebrated for its intricate craftsmanship and rich storytelling rooted in Eastern India. The event featured a captivating live demonstration on two 100-foot-long Kantha cloths, hand-painted by local artisans, highlighting the exquisite artistry of Nakshi Kantha. LEGACY COLLECTIVE also pledged a donation to support She Kantha's efforts in promoting and preserving this traditional art form. Ayaesha Gooptu,…

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03 Oct

BSA Gold Star 650 in North-East India

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BSA Motorcycles, the legendary British brand, celebrated a milestone with the delivery of the first BSA Gold Star 650 in North-East India to Mr. Oken Tayeng, Member of the Legislative Assembly (MLA) from Arunachal Pradesh. Mr. Tayeng, known for his contributions to infrastructure development and adventure tourism in the state, praised the iconic motorcycle for its blend of heritage and performance. The Gold Star 650, launched in India on August 15, 2024, showcases BSA's classic British design and modern engineering. Mr. Tayeng expressed excitement about owning a piece of motorcycling history, stating, "The BSA Gold Star 650 perfectly suits Arunachal's…

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