Business - The Purbottar

28 Aug

New Delhi event highlights importance of local action in protecting Indias commons

Business BureauBusiness

The 'Commons Convening,' a landmark three-day event at the Dr. Ambedkar International Centre, spotlighted the crucial role of community-led initiatives in conserving India's vast ecological Commons. Gathering stakeholders from over 20 states and union territories, the conference underscored the significance of these communal resources in achieving Sustainable Development Goals (SDGs) and climate objectives. Indias Commons span 205 million acresabout a quarter of the country's landmasssupporting over 350 million rural inhabitants. The opening plenary honored seven grassroots changemakers for their contributions to Commons conservation. Jishudan Dishari from Odisha shared his experiences in Barakutni, emphasizing community mobilization and urging broader societal involvement.…

28 Aug

Zee Entertainment shares jumped 14% today; here’s why

editorBusiness, News

ZEEL Share Price: The stock traded higher than the 5-day, 10-, 20-, 30-, 50-day and 100-day simple moving average (SMA), but lower than the 150-day and 200-day SMA.Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 14.26 per cent to hit the day's high of Rs 154.65 in Tuesday's trade. Today's sharp rise in share price came after the media firm settled its merger closing disputes with Sony Pictures."ZEEL, Culver Max Entertainment Pvt. Ltd., steering as Sony Pictures Networks India, together with its group company Bangla Entertainment Pvt. Ltd. have reached a comprehensive non-cash agreement, relating to “All disputes have been…

27 Aug

Tata AIA expands insurance awareness drive across West Bengal

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Tata AIA Life Insurance Co Ltd (Tata AIA), as the lead insurer in West Bengal, is actively supporting IRDAI's vision of ‘Insurance for All by 2047’ by undertaking several initiatives to increase insurance awareness and penetration in the state. The company recently organized Career Opportunity Presentations in Siliguri and Krishnagar, Nadia, to recruit Life Insurance Advisors, attracting approximately 70 attendees, many of whom opted to pursue careers with Tata AIA. Tata AIA has also launched other initiatives, including: (1) Bimarath: In collaboration with IndusInd Bank, Tata AIA conducted an on-ground campaign across 16 districts, reaching over 5,000 potential consumers through…

27 Aug

Bank of Baroda raises Rs 5,000 crore increase 10-year infra bonds at 7.3%

editorBusiness, News

State-owned Bank of Baroda on Monday inflation Rs 5,000 crore through 10-year infrastructure bonds at a coupon rate of 7.3 percent, according to sources aware of the development.The offering of the bonds, rated AAA by Crisil Ratings, had a base issue size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore and was fully subscribed.A dealer at a state-owned bank said yields on 10-year government securities have fallen, resulting in lower cut-off rates for BoB compared to State Bank of India (SBI), the country's largest lender. Generally, SBI is considered like a barometer for the Indian economy…

26 Aug

MG Windsor triumphs in Rann of Kutch, showcases unmatched performance

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JSW MG Motor India’s latest innovation, the MG Windsor, has successfully demonstrated its exceptional capabilities in the extreme conditions of the Rann of Kutch, Gujarat. As India’s first Crossover Utility Vehicle (CUV), the MG Windsor has proven its prowess in one of the world’s largest salt deserts, enduring temperatures exceeding 44°C. The latest promotional video highlights the Windsor’s robust design and advanced technology, showcasing its ability to handle the harsh, unforgiving terrain with remarkable resilience. This performance test not only underscores the vehicle’s durability but also establishes its dominance in real-world conditions. The MG Windsor features cutting-edge amenities such as…

26 Aug

Oriental Trimex Ltd announces major strategic moves to transform stone Industry

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Oriental Trimex Ltd (BSE: 532817) is set to make a groundbreaking impact on the stone industry with a series of strategic initiatives aimed at expanding its market presence and achieving financial stability. The company announced a major leap forward with the introduction of a cutting-edge wire-based gangsaw machine at its Gummidipoondi plant, revolutionizing stone processing in India. This advanced technology, sourced from Changsha Beto New Material Technology Co. Ltd., promises enhanced precision and efficiency, significantly reducing waste and increasing productivity. Additionally, Oriental Trimex is expanding its footprint with a new 21,000 sq. ft. showroom in Greater Noida, scheduled to open…

26 Aug

Vi launches ‘Artisans of India’ initiative, partners with NGOs to empower local craftsmanship

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Celebrating India, leading telecom operator Vi has launched its unique initiative, Artisans of India. This special initiative celebrated the craftsmanship and skills of local artisans, adding a vibrant touch across the country. Vi helped provide a platform to over 60 talented artisans across its stores in multiple States. Vi Stores in Maharashtra, Tamil Nadu, Uttarakhand, Uttar Pradesh, Kerala, West Bengal, New Delhi, Karnataka, Punjab, Andhra Pradesh, Telangana, and Gujarat collaborated with local NGOs to showcase artisans’ work to the public. These artisans, working with various crafts and traditions, showcased hand-painted bags, chikankari embroidery, paintings, toys, decorated diyas, and more. Some…

26 Aug

Bajaj Allianz Life posts strong Q1FY25 growth with 26% surge in IRNB

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Bajaj Allianz Life Insurance, a leading private life insurer in India, reported impressive growth in the first quarter of FY25, driven by robust performance across its distribution channels. The company’s Individual Rated New Business (IRNB) surged by 26%, reaching ₹1,294 crores, up from ₹1,028 crores in Q1 FY24. The firm’s market share continued to expand, solidifying its position as the fastest-growing private life insurer in the country on a three-year compound annual growth rate (CAGR) basis for FY24. The company’s distribution strategy, including its Agency, Institutional Business, and Proprietary Sales Force, played a pivotal role in achieving this growth, posting…

26 Aug

FIITJEE launches FTRE: A gateway to unmatched academic opportunities and scholarships

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FIITJEE, India’s leading institute for competitive exam preparation, has unveiled the FIITJEE Talent Reward Exam (FTRE), marking it as the year's most significant and eagerly awaited exam. Designed for students from Classes V to XI, FTRE offers a comprehensive evaluation of students' IQ, analytical abilities, and academic potential, helping them set realistic goals for future competitive exams. The FTRE serves as both an admission and scholarship test, providing students with a chance to enroll in FIITJEE’s various programs, including Classroom, Integrated School, and Live Interactive Online courses. This year, FTRE promises unprecedented rewards, with scholarships worth over Rs. 600 crores—an…

26 Aug

Aeron Composite Ltd plans Rs. 56.10 crore IPO, opens August 28

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Aeron Composite Ltd, a leading manufacturer of fiber glass reinforced polymer products, is set to raise up to Rs. 56.10 crore through its upcoming initial public offering (IPO). The public issue will open for subscription on August 28 and close on August 30, 2024. The company will issue 44.88 lakh equity shares with a face value of Rs. 10 each, priced between Rs. 121 and Rs. 125 per share. The funds raised will be directed towards setting up an additional manufacturing unit in Mehsana, Gujarat, and for general corporate purposes. Hem Securities Ltd is the book running lead manager for…