Business - The Purbottar

28 May

TATA AIA Life Insurance offers Instant loan within a minute

Business BureauBusiness

Tata AIA Life Insurance, a prominent insurance company in India, has introduced a unique service proposition for its customers. The Policyholders can receive an instant loan of up to Rs. 1 lakh from their insurance policy without losing any coverage. The loan amount is credited to the consumer’s account within 1 minute via the insurer’s state-of-the-art MyDigiAccount portal. Since the launch, this digital-first initiative has already processed over 500 requests and disbursed around Rs. 5.5 crores, streamlining liquidity solutions for policyholders. The facility allows consumers to borrow against the surrender value of select life insurance policies, ensuring they can quickly…

28 May

BIMSTEC charter implementation: A milestone in regional cooperation

Business BureauBusiness

The recent implementation of the BIMSTEC Charter is set to significantly enhance regional cooperation among member states, marking a crucial milestone for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). The Charter, which came into force on May 20, provides a robust legal and institutional framework for improved coordination among the seven member countries: India, Sri Lanka, Bangladesh, Myanmar, Thailand, Nepal, and Bhutan. Foreign Minister Dr. S. Jaishankar emphasized the importance of this development on social media platform 'X', stating that the implementation reaffirms India's commitment to being a prosperous, peaceful, and sustainable neighbor. He highlighted…

28 May

EaseMyTrip soars to new heights with record-breaking EBITDA in FY24

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EaseMyTrip has announced its highest-ever EBITDA figures for the fiscal year 2024, hitting an impressive INR 2,282 million. This milestone solidifies EaseMyTrip's standing as a profitable leader in the tech-driven travel industry.Throughout the fourth quarter of FY24, EaseMyTrip demonstrated exceptional growth, with Revenue from Operations reaching INR 1,640 million, marking a notable 41% year-on-year increase. The company's EBITDA for Q4FY24 surged to INR 577 million, representing a commendable 24% growth compared to the same period last year. Moreover, the Profit Before Tax (PBT) for Q4FY24 soared to INR 551 million, showcasing a robust 24% year-on-year growth. A significant driver of…

28 May

Comfene announces revolutionary menstrual care solution on World Menstrual Hygiene Day

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Comfene has officially launched its groundbreaking range on World Menstrual Hygiene Day. Backed by Blue Ocean Labs, Comfene pledges to redefine the standards of effectiveness and comfort in menstrual care, heralding a new era of confidence and empowerment for women worldwide. The brainchild of Mr. Siddharth Bhavsar and Mr. Manjit Vishal, Comfene represents a culmination of extensive research and development aimed at revolutionizing menstrual wellness. With a focus on both performance and comfort, Comfene introduces a range of sanitary pads designed to cater to every woman's needs. The soon-to-be-launched Graphene-infused sanitary pad is particularly noteworthy, leveraging Nobel Prize-winning technology to…

28 May

Range Rover debuts local manufacturing in India, aims for luxury market expansion

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Range Rover has officially opened its first Range Rover House in India, marking a significant milestone with the local production of its iconic luxury SUVs. Located in the exclusive coastal town of Alibaug, this new establishment showcases the sophisticated Range Rover and Range Rover Sport models, now manufactured in Pune exclusively for the Indian market. This strategic move aims to cater to the growing demand for luxury SUVs in India, reducing wait times and enhancing the customer experience. The Pune facility will produce these models alongside the already locally manufactured Range Rover Velar, Range Rover Evoque, Jaguar F-PACE, and Discovery…

28 May

Nissan launches upgraded Qashqai with advanced tech from Sunderland plant

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Nissan's Sunderland plant has begun production of the new and improved Qashqai, the UK’s highest-volume vehicle and original crossover. Marking nearly 18 years since the first Qashqai launch, this latest iteration features significant technological enhancements and a bold new design, maintaining its status as a market leader. The new Qashqai, now equipped with Nissan’s unique e-POWER system, sees production commence following a £30 million investment in the plant, part of Nissan’s total £6 billion UK investment. The upgraded model, which can be ordered starting next month, comes with a starting price of £30,135.Adam Pennick, Nissan’s Vice President for Manufacturing in…

28 May

India and Nepal celebrate Buddha Jayanti with grand events in Lumbini

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The Embassy of India in Kathmandu marked Buddha Jayanti with a series of vibrant events in Lumbini, the birthplace of Lord Buddha. Collaborating with the Lumbini Development Trust and Lumbini Buddhist University, the celebrations featured an academic symposium on "Buddha Dharma and Global Peace," highlighting the enduring relevance of Buddha's teachings. The festivities included a captivating painting exhibition and a cultural evening. The centerpiece was the dance recital "Shweta Mukti – the Feminine Glory of Nirvana" by renowned Indian dancer Kavita Dwivedi and her troupe. Adding to the cultural tapestry, celebrated Indian vocalist Dr. Subhadra Desai performed soulful Bhajans and…

27 May

North Eastern States and IIT Guwahati partner with Japan to bolster disaster management skills

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A collaborative effort between Japan International Cooperation Agency (JICA), Centre for Disaster Management and Research (CDMR), and the Indian Institute of Technology Guwahati (IITG) is set to fortify the disaster management capabilities of State Disaster Management Authority (SDMA) officials in India's North Eastern Region. This initiative, under JICA's training program, aims to equip officials with the latest global techniques for disaster prevention and mitigation. The North East, renowned for its picturesque landscapes, faces significant vulnerability to natural disasters including floods, earthquakes, and landslides. The region has endured numerous calamities, resulting in substantial loss of life and economic damage over the…

27 May

PBPartners unveiled their signature ‘Pathshala Event’ in Agartala

Business BureauBusiness

PBPartners, Policybazaar’s PoSP arm and a leading player in the Indian insurance market, hosted a PBPathshala event in Agartala. The event unveiled the company’s commitment to fostering innovation, technological advancement, and financial inclusion among its agent partners. By giving new insurance PoSP agent partners the chance to learn from the finest in the business and obtain real-world experience through hands-on training, this Pathshala program offers unparalleled mentorship. Bajaj Allianz Life Insurance conducted a special product training session at the Agartala Pathshala event, showcasing their latest offerings. PBPartners also recognized the outstanding contributions of the top-performing agent partners at this event.…

27 May

Samsung introduces Galaxy F55 5G, featuring a sleek vegan leather design

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Samsung has announced the much-anticipated Galaxy F55 5G, marking a significant milestone in the Galaxy F series. This latest addition boasts a sophisticated vegan leather design, an immersive Super AMOLED+ display, and a robust Snapdragon processor, cementing its position as the pinnacle of smartphone innovation. The Galaxy F55 5G distinguishes itself with its sleek vegan leather finish back panel, a first in the F-Series portfolio. Designed for those with a taste for elegance, this smartphone combines aesthetics with functionality. Raju Pullan, Senior Vice President, MX Division, Samsung India, emphasized, "With Galaxy F55 5G, Samsung will be offering a classy vegan…