Business - The Purbottar

04 Sep

ICICI Pru Life Insurance crosses Rs 3 Lakh Crore AUM milestone

Business BureauBusiness

ICICI Prudential Life Insurance Co. Ltd. has achieved a significant milestone by surpassing Rs 3 lakh crore in Assets Under Management (AUM). As of July 31, 2024, the company's AUM stood at Rs 3.14 lakh crore. Anup Bagchi, MD & CEO of ICICI Prudential Life Insurance, expressed his delight at this achievement, attributing it to customer preference for their products and trust in their ability to help achieve long-term financial goals. The company's focus on simplifying products and processes has been a key driver of this growth. ICICI Prudential Life Insurance emphasizes its role as a trustee and custodian of…

04 Sep

Launch of Bandhan Nifty Midcap 150 Index Fund

Business BureauBusiness

Bandhan Mutual Fund has introduced the Bandhan Nifty Midcap 150 Index Fund, an open-ended index fund that tracks the Nifty Midcap 150 Index. This index comprises the top 150 companies beyond the Nifty 100, offering investors exposure to established midcap companies with strong growth potential. The New Fund Offer (NFO) will be available from 03 September 2024 to 13 September 2024. According to Vishal Kapoor, CEO of Bandhan AMC, the fund provides diversified exposure to midcap companies, which are positioned for significant growth, often outperforming both large-cap and small-cap indices. The index is rebalanced semi-annually to reflect market dynamics and…

04 Sep

India gears up for WorldSkills 2024 in France with final preparations in New Delhi

Business BureauBusiness

India is poised to make a significant mark at the WorldSkills 2024 competition in Lyon, France, with a contingent of 60 participants ready to compete in 61 skill categories against contenders from 70 countries. This global event, often dubbed the "Olympics of Skills," will see Indian competitors demonstrate their expertise across sectors including construction, manufacturing, IT, and creative arts. The selected team, having undergone rigorous training under the guidance of 52 WorldSkills experts and with the support of over 100 industry and academic partners, will arrive in New Delhi on 1st September. Their final preparations will include yoga sessions, psychological…

03 Sep

Saudi Arabia targets Indian market with ‘Spectacular Saudi’ campaign, offers tailor-made packages

Business BureauBusiness

Saudi Arabia has launched its first-ever integrated consumer campaign for the Indian market, titled 'Spectacular Saudi,' under its national tourism brand 'Saudi Welcome to Arabia.' The campaign, designed to captivate Indian travelers, showcases the Kingdom's unique blend of ancient heritage and modern marvels, highlighting its warm hospitality that resonates with Indian culture. The 'Spectacular Saudi' campaign, rolling out across India in English on various platforms including social media, TV, and OTA channels, invites Indian tourists to explore Saudi Arabia’s iconic landscapes and rich history. From the mud-brick architecture of Diriyah’s At-Turaif to the historic streets of Al Balad in Jeddah…

03 Sep

Nissan Magnite surges past 1.5 lakh sales milestone with record monthly figures

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Nissan Motor India has achieved a significant milestone with the Nissan Magnite surpassing 1.5 lakh cumulative sales as of August 2024, since its debut in December 2020. The company reported its highest monthly wholesale figure for FY24, with 10,624 units dispatched in August, including 8,361 units for export—a record high for the past five years. Domestic sales also showed robust performance, with 2,263 units sold, reflecting a 12.5% month-on-month growth. Nissan’s success is marked by a remarkable 336% year-on-year and 91% month-on-month increase in exports, aligning with its 'Make in India, Make for the World' philosophy. This growth underscores Nissan’s…

03 Sep

CEAT ISRL sees 20% surge in registrations for Season 2, promises exciting new talent

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The CEAT Indian Supercross Racing League (ISRL) is revving up for its highly anticipated second season, with registrations showing a significant 20% increase. A total of 145 riders from around the globe have signed up, setting the stage for a competitive and dynamic season. The impressive roster includes athletes from the USA, Spain, France, Germany, and several other countries, reflecting the league's growing international appeal. Season 2 will feature fan favorites such as 9x Australian Champion Matt Moss and MxON World Champion Jordi Tixier, alongside new stars like AMA Pro Motocross Champion Mike Alessi and French Supercross Champion Greg Aranda.…

03 Sep

Moonjyoti Saikia: The business mind shaping Assam’s media future

Business BureauBusiness

The media industry is one of the most challenging businesses to succeed in. It’s a field full of challenges, Where generating revenue and meeting return on investment (ROI) is challenging and staying profitable is tough. This profession is not easy, especially when it involves learning an entirely new set of skills. To achieve success, one must work hard and make many sacrifices. Over time, experience and expertise grow, and those who persevere often become leaders and inspirations for future generations. Assam has its share of such successful individuals, and one of them is Moonjyoti Saikia. Moonjyoti Saikia has been the…

03 Sep

TKM has announced the signing of a MOU with Union Bank of India to enable comprehensive and accessible vehicle financing solutions

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Toyota Kirloskar Motor (TKM) and Union Bank of India have announced a groundbreaking partnership that promises to revolutionize vehicle financing across India. This dynamic collaboration introduces up to 90% financing on the on-road price of Toyota vehicles for private use, removing traditional barriers such as foreclosure or part-payment charges. The new financing initiatives, including the Union Vehicle Scheme and the Union Parivahan Scheme, are designed to enhance accessibility and affordability. The Union Vehicle Scheme offers flexible tenures up to 84 months with competitive interest rates starting at 8.80% per annum, while the Union Parivahan Scheme provides financing options for commercial…

02 Sep

TRC bolsters team with renowned eye surgeons Dr. Anamika Nath and Dr. Pranamee Das

Business BureauBusiness

The Retina Centre (TRC) in Guwahati has proudly announced the addition of two distinguished eye surgeons, Dr. Anamika Nath and Dr. Pranamee Das, to its esteemed medical team. This significant development underscores TRC’s ongoing commitment to enhancing its eye care services and providing top-notch treatment to the community. Dr. Anamika Nath, a Vitreo Retina Surgeon with an MS in Ophthalmology, brings a wealth of experience to TRC. She earned her master's degree from the Regional Institute of Ophthalmology, Guwahati Medical College and Hospital, and completed her fellowship at ARAVIND Eye Hospital, Pondicherry. Dr. Nath joins TRC to collaborate with her…

02 Sep

Dynamic Services & Security Limited to acquire Bharat Battery for Rs 45 crore; stock hits upper circuit

Business BureauBusiness

Dynamic Services & Security Limited (DSSL) has secured a deal to acquire Bharat Battery MFG Co Private Limited for ₹45 crore, sending its stock to the upper circuit in today’s trading session. The acquisition, formalized through a Memorandum of Understanding (MoU), is anticipated to significantly boost DSSL's earnings per share (EPS) starting from the current financial year. Bharat Battery MFG Co, with a legacy since 1941, posted a revenue of ₹22.82 crore and a Profit after Tax of ₹4.78 crore for FY 2023-2024. The company, an approved supplier for Indian Railways, enhances DSSL’s strategic portfolio with its established market presence.…