Business - The Purbottar

27 May

ICICI Prudential launches ICICI Pru Platinum: A First-of-its-Kind ULIP with Fund Value-Based Distributor Payouts

Business BureauBusiness

ICICI Prudential Life Insurance launched ICICI Pru Platinum, the Company’s first unit-linked product (ULIP) which aligns distributor payouts to their customers’ fund value – the distributor commissions are linked to their customers’ Assets under Management. This unique product incentivises distributors to encourage their customers to stay invested for the entire policy tenure. Notably, it offers customers a cost and tax-efficient route to build wealth over the long-term. The company offers value-based distributor payouts to encourage long-term investment behavior and unlimited free asset class switches without cost or tax implications. It offers various Protection and Savings products based on customers' life…

27 May

Here some tips on managing diabetes during summer’s scorching heatwaves

Business BureauBusiness

India experienced unusually scorching temperatures in April, with both small and large swathes experiencing heatwave conditions, according to the India Meteorological Department (IMD). Unfortunately, it seems 2024 is gearing up to be even hotter, building on last year's record-breaking temperatures. This trend isn't just a local issue; it's part of a global pattern that saw 2023 rank as the hottest year ever recorded. So, as the mercury climbs, staying cool and safe becomes more crucial than ever. Increased summer temperatures and heatwaves come with a unique set of challenges for people living with diabetes. Warm temperatures at times result in…

27 May

NSE Listed Companies Hit Landmark: Market Cap Surpasses USD 5 Trillion

Business BureauBusiness

The market capitalization of Indian listed companies on NSE surpassed USD 5 Trillion (Rs 416.57 trillion) on May 23, 2024. On the same day, the Nifty 50 Index touched an all-time high of 22,993.60 The Nifty 500 index also touched an all-time high of 21,505.25 today indicating that growth in equity market is not restricted to only the large, capitalized stocks. Indian listed companies' market capitalization increased from USD 2 trillion in July 2017 to USD 3 trillion in May 2021, USD 3 trillion to USD 4 trillion in December 2023, and the latest USD 1 trillion addition in just…

26 May

Israel’s Labour Shortage: Over 2,200 Telangana workers Answer The Call, 900 Selected

Business CorrespondentBusiness

In response to Israel's urgent need for skilled labor amid the ongoing war with Palestine's militant organization Hamas, Telangana workers have come forward to fill the gap. Following a 4-day recruitment camp in Hyderabad, 2,209 workers volunteered for construction jobs in Israel. Among them, 905 workers have been chosen to join Israel's foreign labor force. Organised by the Telangana state government in partnership with the National Skill Development Corporation International (NSDCI), the recruitment drive focuses to address Israel's pressing demand for skilled workers. The recruited workers, comprising ceramic tilers, plasterers, carpenters and iron benders, are drawn by the lucrative pay…

25 May

ICICI Prudential Life settles death claims in just 1.27 days on average

Business BureauBusiness

ICICI Prudential Life Insurance has demonstrated exceptional prowess in the insurance sector, achieving a stellar claim settlement ratio of 99.17% for the fiscal year 2024. This remarkable feat solidifies the company's position as a leader in the industry, setting a new gold standard for claim settlement efficiency.One of the most impressive aspects of ICICI Prudential Life's performance is its swift turnaround time for settling genuine death claims, averaging just 1.27 days. This rapid response underscores the company's unwavering commitment to providing timely and reliable financial assistance to policyholders' families during their most challenging times. Throughout FY2024, the company maintained a…

25 May

TTTI students showcased exceptional performance at the IndiaSkills Competition 2024

Business BureauBusiness

In a significant step towards supporting the "Skill India Mission” and “Viksit Bharat 2047,” Toyota Technical Training Institute (TTTI) announced the exceptional performance of its students at the IndiaSkills Competition 2024, organized by the National Skill Development Corporation (NSDC). Prem V won a gold medal in Additive Manufacturing, while Mohit M U, Harish R, and Nelson V won gold in the Manufacturing Team Challenge. Darshan Gowda C S and Bhanu Prasad S M won gold in Mechatronics, while Hemanth K Y and Uday Kumar B won silver in the same category. Rohan A S received a silver medal, and Mr.…

25 May

Eicher Trucks and Buses Partners with STAR Cement, Delivers 50 Pro 2119 Trucks

Business BureauBusiness

Eicher Trucks and Buses, a division of VECV Limited, has delivered 50 Eicher Pro 2119 trucks to STAR Cement and its associates in Guwahati. This is one of the largest single haulage orders received in the Northeast region for Eicher and underscores the company's commitment to providing reliable and efficient transportation solutions tailored for the cement industry in the region. Eicher Pro 2119 trucks with a GVW of 18.5Texcel in secondary distribution operations, making them ideal for the rigorous demands of last mile transporting cement. These robust vehicles will ensure efficiency and reliability, thereby offering a best-in-class performance. Eicher is…

25 May

DBS Foundation Awards grants to 24 impactful businesses, including Zerund Manufacturing from Guwahati

Business BureauBusiness

DBS Foundation, in its continued commitment to fostering social and environmental change, has announced the recipients of its prestigious DBS Foundation Grant Award. Among the 24 businesses recognized for their impactful endeavors is Zerund Manufacturing, hailing from Guwahati, India.The Business for Impact (BFI) initiative not only provides financial support but also extends comprehensive assistance such as preferential banking packages and mentorship. This year's awardees represent a diverse array of ventures dedicated to addressing pressing global challenges while uplifting communities. Zerund Manufacturing stands out for its innovative solutions in the construction materials industry, emphasizing eco-friendly alternatives. Alongside Zerund, four other Indian…

24 May

Comet Drive, a smart and sustainable vehicle, reached Siliguri

Business BureauBusiness

MG (Morris Garages), a renowned British automobile brand, continues its legacy of innovation and sustainability with the introduction of the MG Comet EV in Siliguri. As part of its nationwide drive to promote green mobility, the Comet EV arrives in the city, showcasing its commitment to providing practical and environmentally friendly transportation solutions. With a starting price of INR 6.98 Lakh, the MG Comet EV offers a range of variants tailored to meet the diverse needs of consumers. The range includes the Exclusive, Excite, and Executive variants, each equipped with advanced features such as i-SMART infotainment, offering over 55 connected…

24 May

MAI Labs launches MayaaVerse, transforms future of immersive tech

Business BureauBusiness

MAI Labs announces the launch of MayaaVerse, an immersive tech platform embedded with AI. Designed to revolutionize human interaction and creativity in digital spaces, MayaaVerse promises unparalleled virtual immersion. According to a report by McKinsey, the immersive tech sector is projected to generate up to $5 trillion by 2030 across various applications. MAI Labs, backed by global investors with over $17.5 million in funding and an upcoming $50 million raise, is poised to significantly impact this burgeoning field. "MayaaVerse represents a milestone in our mission to redefine human-computer interaction and unlock creativity within immersive environments," stated Tapan Sangal, Lead Visionary…