Business - The Purbottar

01 Aug

2nd North-East India Festival in Thailand

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The second edition of the North East Festival began on Friday with discussions starting from the very start, as top Thai tour operators interacted with tourism stakeholders from the North-East region. The meeting, organized at the Centara Grand Hotel, began with a presentation by the festival's chief organizer Shyamkanu Mahanta. Moderated by Meghalaya's Tourism Director Cyril Diengdoh. It also saw presentations on Arunachal Pradesh, Assam, Mizoram, and Nagaland. Ambassador of India to Thailand Suchitra Durai termed this as a pathbreaking initiative to promote the Indo-Thai relationship. Minister of State for External Affairs, Rajkumar Ranjan Singh was also present along with…

30 Jul

Sony announces BRAVIA XR OLED A80K series

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Sony India announced the new BRAVIA XR OLED A80K series powered by the Cognitive Processor XR. The newly launched OLED TV series takes vision and sound to the next level with the ingenious Cognitive Processor XR technology that also offers incredible sound with Sound-from-Picture Reality. It has XR OLED Contrast Pro which boosts colour and contrast in bright areas for exceptionally realistic pictures. XR TRILUMINOS Pro reproduces 3D colour depth with human intelligence for naturally beautiful colours. With OLED XR Motion Clarity technology, the series combats blur by detecting and cross analyzing key visual elements on successive frames. The series…

30 Jul

Akshaya Patra’s New Kitchen in Jorhat

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Hon’ble Chief Minister of Assam, Shri. Himanta Biswa Sarma inaugurated The Akshaya Patra Foundation’s centralised kitchen in Jorhat, Assam in the presence of Dr. Ranoj Pegu, Hon’ble Education Minister of Assam and Shri Hitendra Nath Goswami, Hon’ble MLA, Jorhat. There were many special guests presented. The kitchen, spread over an area of 3 acres, is built in partnership with Credit Suisse, the platinum donors of the project, as well as Apraava Energy Private Limited and ATE Chandra Foundation. Sarojini Trilok Nath Trust and Numaligarh Refinery Limited have also supported the endeavour. It is the 65th kitchen in the country and…

30 Jul

Deliveries begin for the 2023 Model Year Discovery Sport

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Jaguar Land Rover India, announced start of deliveries for the 2023 Model Year Discovery Sport in India. The Discovery Sport is available with a choice of 2.0 l Turbocharged Petrol or a 2.0 l Turbocharged Diesel. Available in the R-Dynamic SE model, the Discovery Sport comes with a 5+2 seat configuration. The Discovery Sport is built on Land Rover’s Premium Transverse Architecture. It comes with ClearSight interior rear-view mirror; and Meridian Sound System with 12 speakers, a dual-channel subwoofer and 400 W amplified power. With Pivi Pro2 passengers will be accompanied by the latest in-car artificial intelligence. Standard Features on…

30 Jul

Max Life Insurance declares highest-ever PAR Bonus

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Max Life Insurance Company Ltd has announced its highest-ever participating bonus of Rs. 1,420Cr. for eligible policyholders in FY21-22. Max Life has surpassed the milestone of Rs. 10,000Cr. of declared bonus for participating customers since inception. This is the Company's 20th consecutive annual bonus, 9.05% higher than the preceding fiscal year. The life insurer’s annual bonus has increased at a 5-year compound annual growth rate of more than 11%. The declared annual bonus will be added to approximately 21 lac eligible participating policyholder’s benefits, aiding their long-term financial goals. The life insurer has also strengthened participating propositions that made up…

29 Jul

MoS Ranjan Singh to visit North-East India Festival

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As India and Thailand celebrate 75 years of diplomatic relations, the two countries, through the upcoming North-East India Festival, being hosted in Bangkok will further look at boosting bilateral relations. Minister of State for External Affairs, Rajkumar Ranjan Singh will be gracing the festival as the Chief Guest alongside Thailand’s Deputy Prime Minister and Minister of Commerce, Mr. Jurin Laksanawisit. Chief Ministers of the eight North-East states will also be present. The Festival is also an important step to strengthen India’s Act East Policy, under which development of North-Eastern states can be made possible through cooperation and investments from Southeast…

29 Jul

Tata Motors joins hands with Axis Bank

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India’s leading automotive manufacturer Tata Motors has joined hands with Axis Bank, India’s third largest private sector bank, to offer an exclusive Electric Vehicle Dealer Financing solution to its authorized passenger EV dealers. Under this scheme, dealers can avail inventory funding over and above their ICE finance limit with attractive pricing linked to Repo Linked Lending Rate. The repayment tenure will range from 60 to 75 days. The bank will also offer additional limit to cater to high demand phases, which will be available to dealers 3 times in a year. The MoU for this partnership was signed by Mr.…

29 Jul

ICICI Pru Life posts strong performance for Q1-FY2023

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ICICI Prudential Life Insurance has posted a strong financial performance for Q1-FY2023. The VNB for Q1-FY2023 grew by 31.6% year-on-year to 4.71 billion. The VNB margin for Q1-FY2023 stood at 31.0%, up from 28.0% for FY2022. Annualised Premium Equivalent grew by 24.7% year-on-year to 15.20 billion in Q1-FY2023. Annuity APE registered a strong growth of 69.0% year-on-year to 0.98 billion in Q1-FY2023. Protection APE grew by 22.2% year-on-year to 3.30 billion in Q1-FY2023. New Business Sum Assured grew by 24.9% year-on-year to 2.21 trillion in Q1-FY2023. The Company’s market share, based on Total New Business Sum Assured, increased from 13.4%…

29 Jul

New scheme FOCUS+ launched to benefit all Households of Meghalaya

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Hon’ble Chief Minister of Meghalaya Shri. Conrad Sangma has launched FOCUS+ as an expansion to his flagship initiative FOCUS to benefit all households across Meghalaya. In its new format, FOCUS+ will provide an opportunity to families to take up additional activities and contribute towards agriculture value chain development. Under this scheme, a financial aid of Rs 5,000/- per household will be provided directly to the beneficiary’s bank account. Speaking at the event, Hon’ble Chief Minister of Meghalaya, Mr. Conrad K Sangma said, “FOCUS is very close to my heart, because it helped a large section of our farming community! And…

29 Jul

Amazon Prime Day 2022 in India drives strong membership growth

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Prime Day 2022 in India came to a successful close this weekend (July 23 and 24) with members across India discovering joy at the two-day celebration with the best deals, savings, new launches, blockbuster entertainment and more. Prime members from 95% of the pin codes in India purchased during this year’s Prime Day more than 32,000 sellers saw their highest ever sales day. 1.5x more customers signed up for Prime membership compared to last year’s Prime Day. Prime members from over 3800 Indian cities and towns and in over 230 countries and territories have watched India’s Prime Day releases on…