Business - The Purbottar

30 May

Shopsy dives into kids’ fashion, ride the wave of style and convenience

Business BureauBusiness

Shopsy has taken a decisive step into the bustling world of children's fashion and essentials. Their latest move comes in response to a surging trend where style seamlessly intersects with convenience, particularly in the realm of kids' wearables and accessories.The newly launched Kids' Collection by Shopsy promises a budget-friendly assortment, catering to children aged from 0-2 years up to 12+ years. This expansion brings forth an extensive selection ranging from clothing to toys, fashion, school necessities, and more. Since its inception, the kids' wear category has witnessed a remarkable uptick in sales, with a notable surge anticipated during the impending…

30 May

Franklin Industries Ltd Initiates Rs. 38.83 Crore Rights Offering from May 24

Business BureauBusiness

Franklin Industries Ltd, a Gujarat-based agricultural commodity trading and contract farming service provider, has launched a Rs. 38.83 crore rights issue for subscription on May 24, 2024. The funds will be used for expansion plans, working capital requirements, and general corporate purposes. Right issue of the company are offered at a price of Rs. 3.58 per share as compared to closing share price of Rs. 7.50 per share on 24 May, 2024. Rights Issue will close on 11 June, 2024. The company plans to issue 10,84,50,000 fully paid-up Equity Shares of face value of Rs. 1 each for cash at…

30 May

Amazon empowers 7.8 million lives through extensive community engagement initiatives

Business BureauBusiness

Amazon is empowering communities through various initiatives, positively impacting over 7.8 million people nationwide. The company uses its resources and innovative capabilities to provide essential education and skills training to underserved populations. Programs like Amazon Future Engineer aim to bridge the gap in computer science education, offering young students from diverse backgrounds the chance to acquire crucial skills for their future careers. These educational efforts are complemented by numerous scholarship programs designed to ensure that financial barriers do not become a challenge for access to quality education. Amazon has started pre-positioning its disaster relief material, including shelter and hygiene kits,…

30 May

Samsung’s ‘Solve for Tomorrow’ Workshops Introduces to Local Students of Dimapur

Business BureauBusiness

Samsung, India's largest consumer electronics brand, has launched the first-ever design thinking and training workshop in select schools of Dimapur, in Nagaland. Samsung's 'Solve for Tomorrow' initiative in Dimapur, Nagaland, focuses on enhancing students' problem-solving, critical thinking, probing, and creativity through the Human-Centered Design Thinking framework. Solve for Tomorrow is a national education and innovation competition, which aims to foster a culture of innovation amongst the next generation. Samsung Solve for Tomorrow School Track at a Glance invites 14-17 year-olds to submit ideas in the "Community & Inclusion" theme. Semi-finalists will receive INR 20,000 for prototype development and Samsung Galaxy…

29 May

Solving Tomorrow’s challenges today: Samsung empowers young innovators to drive change

Business BureauBusiness

Samsung's 'Solve for Tomorrow' initiative is more than just a competition; it's a catalyst for the next generation of innovators to address pressing global issues. With a mission to harness innovation for a sustainable future, Samsung invites young minds to lead the charge in finding practical solutions.The platform offers two distinct tracks – the School Track and the Youth Track, each dedicated to specific themes and targeted towards different age groups. This ensures equal opportunity for all participants, regardless of their background or experience. Participants are encouraged to dream big and think outside the box, tackling issues ranging from environmental…

29 May

MASSH to Bring Urology Camp to Siliguri on June 1st

Business BureauBusiness

MASSH Super Specialty Hospital is set to bring renewed hope to patients in and around Siliguri with a specialized kidney stone and urology camp at Vanya Healthcare Clinic scheduled for 1st June, 11am onwards. This camp, organized by New Delhi's prestigious MASSH Super Specialty Hospital, will offer medical advice, affordable testing, and treatment for urology, andrology, uro-oncology, and kidney stone-related issues. To alleviate financial and logistical barriers, MASSH is offering travel assistance and discounted rates, ensuring high-quality medical care is within reach for all attendees. Dr. Ankit Goel, Head of the Department of Urology, Andrology & Uro-Oncology at MASSH Super…

28 May

LIC Q4 net profit up 2% to Rs 13,763 Crore

editorBusiness, News

The insurer's total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.Insurance giant LIC on Monday reported a marginal 2 % rise in net profit to Rs 13,763 Crore for the fourth quarter ended March 2024.The insurer had made a profit of Rs 13,428 Crore in the same quarter a year ago.The insurer's total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.LIC's incomes…

28 May

Future Generali boosts life insurance awareness in Sikkim with local partnerships and outreach initiatives

Business BureauBusiness

Future Generali India Life Insurance Company Ltd, recently appointed as the lead insurer for Sikkim by the Insurance Regulatory and Development Authority of India (IRDAI), has launched a comprehensive strategy to boost insurance penetration in the state. The initiative focuses on engaging Sikkim's diverse communities through a blend of on-ground and digital outreach efforts aimed at enhancing financial literacy and inclusion, particularly among the youth. https://vimeo.com/951492872?share=copy Future Generali's strategy includes forming partnerships with reputable NGOs to conduct workshops and awareness camps, complemented by digital campaigns and educational initiatives targeted at students. Activities such as interactive sessions, lectures, and essay competitions…

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…