Business - The Purbottar

06 Dec

Rotary Club of Siliguri Metropolitan celebrates Advocate’s Day

editorBusiness

The Rotary Club of Siliguri Metropolitan marked a momentous occasion on 5th December 2024 as it celebrated Advocate's Day during its 8th fortnightly meeting, hosted at the Highland Hotel. The gathering was a heartfelt tribute to the club's distinguished advocate members, recognizing their valuable contributions to the legal profession and the community. The ceremony was a blend of respect and appreciation, with members Rtn. Lalit Kumar Agarwal, Rtn. Vipul Kr. Sharma, Rtn. Rajesh Kumar Agarwal, and others being honored for their unwavering commitment. The club celebrated their service with a traditional Khada draping ceremony, the presentation of Appreciation Certificates, and…

05 Dec

SBI Mutual Fund launches awareness drive on Hybrid Funds’ versatility

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SBI Mutual Fund has unveiled its latest investor education initiative, Diversify Smartly: The Versatility of Hybrid Funds, to demystify hybrid funds and highlight their potential for balancing growth and stability in investment portfolios. The campaign aims to educate investors on the benefits of blending asset classes, such as equity, debt, and commodities, within a single fund. Hybrid funds, which strategically allocate assets across multiple classes, offer tailored solutions to diverse risk appetites. According to SBI Mutual Fund, they provide balanced risk-return, dynamic movement between asset classes, and easy diversification. These funds cater to both novice and experienced investors seeking simplified…

05 Dec

KL Deemed to be University celebrates XIV Convocation with distinguished guests and prominent achievements

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KL Deemed to be University marked a significant milestone at its XIV Annual Convocation, celebrating the academic achievements of 4,706 graduates, including 166 Ph.D. scholars, 604 postgraduates, and 3,936 undergraduates. The ceremony, held at the university’s Vijayawada campus, was graced by Shri Ram Nath Kovind, former President of India, who delivered a powerful address on the importance of education, innovation, and integrity in shaping the future. Chancellor Er. Koneru Satyanarayana and Vice Chancellor Dr. G. PardhaSaradhi Varma lauded the graduating class, emphasizing the transformative power of education and the university's commitment to fostering innovation. "Your degrees symbolize not just knowledge…

05 Dec

CoinSwitch translates Bitcoin Whitepaper into 10 regional languages to boost crypto awareness

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CoinSwitch, India’s largest crypto trading platform, has launched a groundbreaking initiative to promote cryptocurrency understanding by translating the Bitcoin Whitepaper into 10 Indian regional languages. The whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, originally authored by the pseudonymous Satoshi Nakamoto, is now accessible in Hindi, Bengali, Marathi, Telugu, Tamil, Gujarati, Urdu, Kannada, Odia, and Malayalam. The initiative comes at a time when Bitcoin has surged to an all-time high of approximately $99,500, fueled by a pro-crypto stance in the U.S. and growing institutional investments. Speaking about the project, Balaji Srihari, Business Head at CoinSwitch, said, “By making the Bitcoin Whitepaper…

05 Dec

Škoda Auto India’s Kylaq SUV: A gamechanger in the compact SUV market

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Škoda Auto India has officially launched its highly anticipated Kylaq SUV, positioning it as a major player in the sub-4m SUV segment. With a starting price of INR 7.89 lakh for the Classic variant, the Kylaq offers four trims and a range of attractive features, including a 1.0 TSI engine, six-speed manual and automatic transmissions, and over 25 safety features. The top-tier Prestige variant is priced at INR 14.40 lakh. Bookings for the Kylaq open today, with deliveries slated for January 27, 2025. In a limited-time offer, the first 33,333 customers will receive a complimentary 3-year Standard Maintenance Package (SMP),…

05 Dec

Vi launches AI-powered spam solution, strengthens market confidence

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Leading telecom operator Vi has announced a significant step forward in protecting its users from spam. Starting today, the company is introducing a spam management solution powered by AI and ML. This new solution is designed to proactively detect and flag potential spam messages through a machine-based automated solution, helping Vi users’ maintain a secure and clutter-free mobile experience. Since its initial testing phase, the solution has already flagged over 24 million spam messages. With spam messages on the rise, which are often used as a gateway to frauds, Vi’s Spam SMS solution will safeguard customers by identifying and managing unsolicited…

05 Dec

Funding by MFs to NBFCs gain nearly 47% to Rs 2.33 trillion in October 2024

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Funding raised by non-banking financial companies (NBFCs) from mutual funds (MFs) grew nearly 47 percent year-on-year (Y-o-Y) to Rs 2.33 trillion in October 2024. Sequentially, funding support by MFs to NBFCs increased by 0.3 percent compared to September, according to CARE Ratings. Mutual funds (MFs) credit exposure to NBFCs, which includes commercial paper (CP) and corporate debt, has remained above Rs two trillion for more than half a year now. Moreover, CP has remained above the one trillion mark for almost a year, currently at Rs 1.22 trillion. Banks' credit exposure to NBFCs stood at Rs 15.4 trillion in October…

04 Dec

Tata Power shares upgrade 4%, brokerages retain ‘buy’ rating after Q2 results

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Shares of Tata Power surged over 4 percent following the release of its Q2FY25 results, with several brokerages reaffirming their 'buy' ratings.Elara Securities said 'buy' while raising its target price on the stock from Rs 463 to Rs 518 and upgrading its rating from 'accumulate'.Other brokerages including Motilal Oswal Financial Services, JM Financial and Nomura also retained their 'buy' ratings.Morgan Stanley also expressed optimism and maintained an 'highweight' rating on Tata Power and set a higher target price of Rs 577.In contrast, Nuvama expressed a cautious outlook citing high valuations and retained its 'reduce' rating on the stock. Similarly, Jefferies…

04 Dec

Techno India Group’s Satyam Roychowdhury honored as honorary academician by Italy’s Albertina Academy

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Satyam Roychowdhury, Founder and Managing Director of Techno India Group and Chancellor of Sister Nivedita University, has been awarded the prestigious title of Honorary Academician of 2024 by the Albertina Academy of Fine Arts, Turin, Italy. The accolade, presented in Kolkata, makes Mr. Roychowdhury the first Indian to be honored by the renowned Italian state institution under the Ministry of University and Research (MIUR). The ceremony witnessed the presence of Chief Guest H.E. Riccardo Dalla Costa, Consul General of Italy in Kolkata, and distinguished representatives from the Albertina Academy. Mr. Roychowdhury’s four decades of contributions to education and the arts…

04 Dec

Shriram Finance launches #TogetherWeSoar campaign with Rahul Dravid to empower aspirations

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Shriram Finance Ltd. has launched its new campaign, #TogetherWeSoar, aimed at deepening its customer relationships and empowering individuals across India. Featuring cricket icon Rahul Dravid as the brand ambassador, the campaign promotes the idea that collective effort leads to shared success. Shriram Finance emphasizes that strong partnerships with customers are key to overcoming challenges and achieving financial goals, making the brand’s values resonate with a wide audience. The campaign, voiced by veteran actor Naseeruddin Shah for the Hindi version, and enriched by regional versions featuring prominent lyricists like K.S. Chandrabose and Madhan Karky, strengthens Shriram Finance's position in India’s diverse…