Business - The Purbottar

25 Sep

LIC Mutual Fund launches LIC MF manufacturing fund to tap growth potential

Business BureauBusiness

LIC Mutual Fund has announced the launch of its LIC MF Manufacturing Fund, an open-ended equity scheme focused on the manufacturing sector. The New Fund Offer (NFO) is now open for subscription from September 20 to October 4, 2024, with units allotted on October 11, 2024. Managed by Mr. Yogesh Patil and Mr. Mahesh Bendre, the scheme aims to achieve long-term capital appreciation by investing in equity instruments related to various manufacturing industries, including automobiles, pharmaceuticals, and metals. Mr. R K Jha, Managing Director & CEO of LIC Mutual Fund, highlighted that India's GDP growth, urbanization, and government initiatives like…

25 Sep

New program offers lifeline to Life Insurance policyholders

Business BureauBusiness

To prevent the common practice of surrendering life insurance policies during financial crises, ACESO has launched its innovative Assignment of Life Insurance Policies (ALIP) program. This initiative allows policyholders to access their full surrender value while retaining life cover benefits, ensuring financial security for themselves and their families. Many policyholders, facing monetary difficulties, often surrender their policies after years of premium payments, leaving their nominees with nothing in case of their untimely death. ALIP addresses this issue by enabling policyholders to maintain their life insurance coverage even after accessing funds. Founded in 2018, ACESO has already facilitated over Rs 400…

24 Sep

Gulf Oil revives ‘Chai-Pakoda’ ride in Guwahati, unite bikers in celebration

Business BureauBusiness

Gulf Oil Lubricants India Limited returns to Guwahati with the second annual 'Chai-Pakoda' Ride, enhancing its partnership with India Bike Week (IBW) 2024. This year's event, held on September 23, attracted over 100 bikers from various backgrounds who embarked on a thrilling 32-kilometer journey from the Assam Public Service Commission Office to PRP Valley, Chandrapur. The ride not only celebrated motorcycling camaraderie but also prioritized safety. Participants attended a 'safety riding' session before the ride, led by IBW Marshals, with Gulf Oil providing fluorescent safety jackets to all riders. The event culminated in a fun push-up and burpee challenge, energizing…

24 Sep

U.S. Polo Assn. announces royal collection in collaboration with Sawai Padmanabh Singh

Business BureauBusiness

In an exclusive collaboration, U.S. Polo Assn. has partnered with His Highness Sawai Padmanabh Singh of Jaipur to launch the U.S. Polo Assn. x His Highness Sawai Padmanabh Singh Collection. This premium capsule collection, set to debut in Autumn-Winter 2024, blends Jaipur’s royal heritage with modern sports fashion. Featuring luxurious fabrics and intricate Zardosi detailing, the line reflects the regal essence of Jaipur, inspired by the City Palace and the iconic Panchranga flag. The collection is expected to attract significant attention in Kolkata, known for its discerning taste in fashion. The fusion of cultural heritage and contemporary elegance is anticipated…

24 Sep

Home loan disbursements lapse 9% in June quarter: Report

editorBusiness, News

Home loan originations declined 9 per cent in the June quarter, according to a report released on Monday.Credit information company TransUnion CIBIL said in a report that home loan volumes in value terms were at par with the same period a year ago.The report said outstanding amounts on home loans grew by only 14 per cent during the quarter, making it the slowest growth among all categories that constitute retail loans.Interestingly, the decline in principal volumes and sluggish growth in outstanding balances have come at a time when the incidence of loan defaults has declined during the quarter, the report…

24 Sep

HP launches new Color LaserJet Pro Printers for Indian businesses

Business BureauBusiness

HP announces its new Color LaserJet Pro 3000 series, designed for small and medium businesses in India. The series, featuring TerraJet toner technology, offers enhanced print speed, vivid colors, and energy efficiency. The two models—HP Color LaserJet Pro 3203dw and 3303sdw—provide up to 25 pages per minute, with quick first print times and duplex printing as standard. The HP Color LaserJet Pro 3303sdw includes multifunction capabilities, Wi-Fi connectivity, and HP Wolf Pro Security, ensuring top-notch security and convenience. HP’s emphasis on sustainability is highlighted with its low-energy usage and TerraJet technology. In Guwahati , this printer series is expected to…

23 Sep

Kaushal Mahotsav in Bijnor offers 20,000 jobs across industries

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) is set to host the Kaushal Mahotsav on September 24, bringing over 50 companies from various sectors, including electronics, automotive, IT, hospitality, and food processing, to participate in a mega recruitment drive. With 13,000 candidates already registered, the event is poised to offer over 20,000 job opportunities. Organized in collaboration with the National Skill Development Corporation (NSDC), the Mahotsav aims to bridge the gap between skilled local youth and industry employers. Companies from nearby areas, including Noida, Haridwar, and Gurgaon, will be present, with offer letters to be handed out to successful…

23 Sep

Tata STRIVE and Airbus launch skill development centres in Delhi and Bengaluru

Business BureauBusiness

Shri Jayant Chaudhary, Minister of State (I/C), Ministry of Skill Development and Entrepreneurship, inaugurated two skill development centres in Delhi and Bengaluru under a partnership between Tata STRIVE and Airbus India. The centres aim to equip youth with future-ready skills in sectors like IT, electronics, and aviation, offering courses such as AWS Cloud Computing, Junior Full Stack Developer, and Cyber Security. Addressing the event, Shri Chaudhary emphasized the importance of aligning skilling programs with industry needs, stating, “This collaboration marks a significant step in equipping our youth with skills aligned to critical sectors like aerospace and defense. By tailoring our…

23 Sep

NSDC launches ‘Centre for Future Skills’ to upskill workforce in emerging technologies

Business BureauBusiness

The National Skill Development Corporation (NSDC), in partnership with Ethnotech Academy and Cambridge University Press & Assessment, has launched the "Centre for Future Skills," aimed at equipping India's workforce with cutting-edge technology skills. This initiative, launched under the Ministry of Skill Development and Entrepreneurship, seeks to provide a platform for higher education institutions to access expert guidance and advanced tech infrastructure. The Centre will focus on technologies such as Artificial Intelligence, Data Analytics, Cloud Computing, Cyber Security, and Robotics, preparing students for the rapidly evolving job market. Key discussions at the launch revolved around fostering collaborations between academia, industry, and…

23 Sep

MSDE launches special campaign 4.0 to enhance Swachhata and administrative efficiency

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) is spearheading the Special Campaign 4.0 from October 2 to October 31, 2024, aimed at reinforcing Swachhata and reducing bureaucratic delays. This initiative, announced by the Government of India, emphasizes both field and outstation offices, alongside various Ministries and Departments, under the oversight of the Department of Administrative Reforms and Public Grievances (DARPG). The campaign will focus on institutionalizing cleanliness, finalizing campaign sites, and improving record management. MSDE has been proactive in prior campaigns, addressing 2,305 public grievances and conducting approximately 2,000 cleanliness drives. This campaign will unfold in two phases: a…