Business - The Purbottar

02 Mar

Bajaj Allianz Life Insurance records highest growth among top 10 private life insurers in FY2024

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Bajaj Allianz Life Insurance Company, a prominent private life insurer in India, is undergoing a transformative journey to enhance its business parameters. The 9MFY2024 results showcase its outstanding performance vis-à-vis the other private players in the Indian life insurance industry. Bajaj Allianz Life Insurance's Individual Rated New Business (IRNB) for 9MFY2024 grew by 24%, nearly three times the industry average. The company's three-year CAGR of 39% in IRNB from FY 2020 to FY 2023 further demonstrates its strong growth trajectory as a private life insurer. The Company’s GWP stood at INR 14,860 Crores for 9M FY24, on the back of…

02 Mar

Nissan set to launch autonomous-drive mobility services in Japan

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Nissan Motor Co., Ltd. has announced its plan to commercialize its autonomous-drive mobility services in Japan. Nissan's Nissan Ambition 2030 aims to improve mobility by addressing transportation service issues faced by local communities in Japan. Local communities have been facing several mobility challenges, such as driver shortages, which are a result of an ageing population. With this service, Nissan will provide a broad range of new services that enable free movement. Nissan has been conducting mobility service business models in Japan and abroad since 2017, focusing on Minato Mirai and Namie town, Fukushima Prefecture. Since 2021, Namie Smart Mobility operates…

01 Mar

DGCA Fines Air India Rs 30 Lakh Over Wheelchair Incident After Man’s Death

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The non-availability of a wheelchair at Mumbai's Chhatrapati Shivaji Maharaj International Airport took a life of an 80 year old man. The man was travelling alongwith his wife in Air India flight AI-116 from New York to Mumbai. The elderly man faced the unfortunate ordeal of walking approximately 1.5 km from the flight to the immigration desk due to the non availability of wheelchairs, despite both individuals having pre-booked the assistance, only the wife received one. After looking into the matter, the Directorate General of Civil Aviation (DGCA) has taken major step against Air India, imposing a significant financial penalty…

01 Mar

Google starts removing apps from Play Store for not paying service fee

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Google on March 1 (Friday) started an initiative of removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments. Google said that 10 companies in the country, including "many well-established" had skipped from paying fees despite benefiting from the platform. However Google has not mentioned the firms but a search on Play Store did not opened results for matrimonial apps such as Bharat Matrimony, Shaadi and Matrimony.com. Balaji Telefilms' Altt (formerly ALTBalaji), dating service Quack Quack, audio platform Kuku FM and Truly Madly also disappeared from the Play Store. The…

01 Mar

Air India unveiled ‘Safety Mudras’, the airline’s new inflight safety video

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Air India has launched 'Safety Mudras', an in-flight safety video that integrates safety instructions with the vibrant culture of India. The video captures the festive spirit and joy that Bihu brings to Assam, celebrating the cultural richness of the region. The safety video, composed by Grammy-winning Shankar Mahadevan, blends safety and culture, capturing India's essence in mesmerising locations. It will be accessible on Air India's A350 aircraft, equipped with advanced inflight entertainment screens, and will be gradually deployed on other aircraft in the fleet. Campbell Wilson, CEO & MD, Air India, stated, “Our guests will find this inflight safety video…

01 Mar

Toyota Hilux Sparks Thrill in ISRL’s Final Round of the Dirt Bike Race in Bengaluru

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Toyota Kirloskar Motor (TKM) proudly continues its exciting partnership with the Indian Supercross Racing League (ISRL), showcasing the iconic Hilux being its official vehicle partner. The ISRL, India's first franchise-based supercross league, has been a success, with TKM's partnership with the iconic Hilux setting new standards for motorsports and automobile enthusiasts. The league's third leg, held at Open Ground in Bengaluru, saw over7,000+ fans participate, highlighting the growing popularity and significance of off-roading engagements in India. The final round, held on February 25th, 2024, transcended conventional racing boundaries and set new standards for motorsports in India. The ISRL's dirt bike…

01 Mar

Smt. Annpurna Devi initiated Kaushal Rath’s to empower youth with industry relevant skills

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Smt. Annpurna Devi, Hon'ble Union Minister of State For Education, flagged off Kaushal Rath, a specialized bus providing skill training and certification to aspiring candidates in remote areas of Jhumri Telaiyain, Jharkhand's Koderma. The modern bus will enhance youth's skills and provide employment opportunities across various industries by providing access to advanced tools and technology. The initiative aligns perfectly with the vision of Hon’ble Prime Minister Shri Narendra Modi of uplifting backward regions to enhance their standard of living, promote inclusive development and create an impact on a large scale. Kaushal Rath promotes entrepreneurial mindset, digital literacy, and employment opportunities…

01 Mar

Tata Motors commence ‘White Revolution’ in Sanand

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Tata Motors, Ahmedabad District Co-operative Milk Producers Union Limited, and Gujarat Dairy Development Board have initiated a 'White Revolution' in Sanand, promoting socio-economic transformation, improved access to education and healthcare, and enhancing community status through a collaborative initiative. By leveraging technology and cooperatives, more than 1600 women from the distant regions of Sanand have brought about a remarkable change in the social and economic conditions of rural Gujarat. India, the world's largest milk producer, has a low per capita yield, leading to traditional dairy farming led by women from the Bharwar and Koli Patel communities in Sanand. Tata Motors introduced…

01 Mar

NSE opens Common ‘Investors Service Centre’ in Gangtok

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Stock exchanges play a crucial role in providing investor services, raising awareness, and ensuring protection. SEBI, along with NSE and BSE, has established an Investor Service Centre in Gangtok to meet the needs of investors in securities markets in Sikkim, operationalized on February 26, 2024.With a view to enhance access and reach to investors, Exchange has setup new Investor Service Centres. The centre services query resolution, complaint resolution and necessary assistance in filing complaints in SEBI Scores Portal and the Smart ODR Portal. The ISC centre in Gangtok will offer learning, interaction and knowledge sessions on various investment products and…

01 Mar

Škoda Auto announcesplans for new compact SUV as part of India-centric strategy

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Škoda Auto India is revving up its efforts in the Indian automotive market with the announcement of a brand-new compact SUV slated to hit Indian roads in the first half of 2025. This marks the company's third major product initiative tailored specifically for the Indian market, following the successful launches of the Kushaq and the Slavia. The upcoming SUV, built on the versatile MQB-A0-IN platform shared with its predecessors, underscores Škoda's commitment to the Indian market. Klaus Zellmer, CEO of Škoda Auto a.s, emphasized India's significance in the brand's global growth strategy, highlighting the country's role as a crucial market…