Business - The Purbottar

16 Nov

UTI Mutual Fund to launch new financial centre in Coochbehar

Business BureauBusiness

UTI Asset Management Company (UTI AMC) is expanding its reach by opening a new UTI Financial Centre (UFC) in Coochbehar, West Bengal. The new centre, located at Ground Floor, Bani Mahal, Silver Jubilee Road, Ward No 6, Dharmatala More, aims to provide seamless access to UTI's wide range of mutual fund offerings. This is part of UTI’s plan to inaugurate 19 new UFCs across South, East, and Northeast India on November 18, 2024. Speaking about the initiative, Mr. Imtaiyazur Rahman, MD and CEO of UTI AMC, highlighted the company's commitment to financial inclusion. "The growth in participation from individual investors…

16 Nov

UTI Mutual Fund expands in Northeast, opens financial centre in Dibrugarh

Business BureauBusiness

UTI Asset Management Company (UTI AMC), a top player in India’s asset management industry, has announced the opening of its new UTI Financial Centre (UFC) in Dibrugarh. Located at 1st Floor, House of Subhas Chandra Jain, New Market, H S Road, near Hotel East End, this expansion is part of a broader push to enhance financial inclusion across South, East, and Northeast India, with 19 new centers set to launch on November 18, 2024. Highlighting the significance of this expansion, MD and CEO Mr. Imtaiyazur Rahman remarked, “We are strategically opening new UTI Financial Centers to ensure seamless access to…

15 Nov

60% of Indian parents give milk to kids for calcium, reveals Godrej jersey’s milk report

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A new survey by Godrej Jersey has revealed that 60% of Indian parents prioritize milk for their children to ensure adequate calcium intake. The report, titled Bottoms Up…India Says Cheers to Milk!, highlights diverse reasons why parents across the country include milk in their child’s diet, with many emphasizing its role in maintaining overall health, weight management, and providing essential nutrients. The survey, conducted by YouGov, involved responses from cities including Delhi, Lucknow, Mumbai, Pune, Hyderabad, Chennai, Bangalore, and Kolkata. Notably, Hyderabad-based parents showed the highest preference for milk at 66%, while cities like Lucknow and Kolkata recorded the lowest…

15 Nov

Toyota Launches Special Variants of Glanza, Taisor & Hyryder with Irresistible Year-End Promotions

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Toyota Kirloskar Motor (TKM) is excited to make this year-end memorable for car buyers with the launch of the Special Limited Edition across its popular models—Glanza, Urban Cruiser Taisor, and Urban Cruiser Hyryder. Following the overwhelming response to the recently introduced Festival Limited Editions, the Special Limited-Edition takes Toyota’s commitment towards customer centricity a step further by offering Toyota Genuine Accessory (TGA) packages. Apart from the special limited edition, Toyota is offering exclusive year-end offers above Rs 1 Lac in Toyota Glanza, Urban Cruiser Taisor & Rumion (except CNG models). Awesome consumer benefits will continue up till 31st Dec 2024.…

15 Nov

Jio Financial Services shares growth 7 on inclusion in F&O contract

editorBusiness, News

Shares of Jio Financial Services rose 7 to an intraday high of Rs 320.50 after NSE included the company in F&O contract.NSE released that futures and options contracts on 45 stocks, including Jio Financial Services, will start trading from November 29.In a indirect, NSE said, “ Members are advised to note that predicated on the stock selection criteria laid down by SEBI vide indirect no. SEBI/ HO/ MRD/ MRD- POD- 2/ P/ CIR/ 2024/116 dated August 30, 2024 and upon receipt of approbation from SEBI, members are hereby notified that futures and options contracts on the following 45 fresh securities…

14 Nov

HAL Q2 net profit upgrade by 22 percent to Rs 1,510 crore, shares appreciate by more than 2 percent

editorBusiness, News

The HAL Q2 Results saw a marginal PBT growth close to 8 percent.On November 2030, Hindustan Aeronautics Limited published an announcement alleging a consolidated net profit of close to Rs 1510.49 crores that compounded year on year by 22.14%. It was lesser the PBT of Rs 1236.67 crores registered by the company in the July September quarter of the year beginning the fiscal year March 2024, the document mentions.Revenue for the second quarter reached Rs 5976.3 crores growing 7 percent from Rs 5635.4 crores for July- September quarters a year ago. There as a growth exhibited for earnings before interest…

13 Nov

PM dedicates major energy initiatives worth Rs 4,027 crore to boost cleaner fuel and economic growth in Bihar

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In a significant move towards sustainable energy and industrial growth, Prime Minister inaugurated several initiatives in the petroleum and natural gas sector worth ₹4,027 crore on November 13. These projects, aligned with the Make in India vision, aim to provide cleaner energy solutions and foster domestic production capabilities in Bihar, enhancing local infrastructure and economic potential. Among the key projects is Bharat Petroleum Corporation Ltd.'s (BPCL) City Gas Distribution (CGD) network across Darbhanga, Madhubani, Supaul, Sitamarhi, and Sheohar. With an investment of ₹3,638 crore, the CGD network will deliver piped natural gas (PNG) to households and industries, promoting cleaner energy…

13 Nov

Bajaj Allianz Life reports strong Q2FY25 growth, achieves 34% surge in IRNB

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Bajaj Allianz Life Insurance has posted impressive results for Q2FY25, with a robust 34% growth in Individual Rated New Business (IRNB), reaching INR 1,895 crores, compared to INR 1,415 crores in the same period last year. The company's Gross Written Premium (GWP) saw a significant 23% increase, rising from INR 5,338 crores in Q2FY24 to INR 6,544 crores in Q2FY25, further highlighting its strong performance in the insurance sector. The company also reported an increase in Assets Under Management (AUM), which surged by 25% to INR 1,23,178 crores as of 30th September 2024. In terms of market share, Bajaj Allianz…

13 Nov

Almonds: A smart snack for managing blood sugar levels this World Diabetes Day

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As World Diabetes Day approaches on November 14, experts are urging people to prioritize mindful food choices to manage rising diabetes rates in India, often dubbed the "Diabetes Capital of the World." With 101 million Indians living with diabetes and 136 million pre-diabetic, adopting dietary changes is critical for effective diabetes management. One such change is incorporating almonds, known for their 15 essential nutrients, including protein, unsaturated fats, and dietary fiber, which support healthy blood sugar levels. Studies, including research led by Dr. Anoop Misra, have demonstrated that almonds help maintain blood sugar control and reduce the impact of carbohydrate-rich…

13 Nov

Minister Jayant Chaudhary highlights MESC’s role in empowering India’s media sector

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In a significant step toward boosting India’s media and entertainment industry, Hon’ble Minister of State for Skill Development and Entrepreneurship, Jayant Chaudhary, chaired a vital meeting with the Media and Entertainment Skills Council (MESC). Under the theme “Skill India to Build India,” the gathering emphasized MESC’s role in equipping young talent for an increasingly competitive global market. Industry luminaries like Mohit Soni, CEO of MESC, and Oscar-winner Dr. Resul Pookutty, joined the event, focusing on aligning skill development with international standards. Minister Chaudhary underscored MESC's mission to address the skill demands in media, broadcasting, and the AVGC (Animation, Visual Effects,…