Business - The Purbottar

06 Aug

ICICI Pru Life Insurance ties up with NPCI

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ICICI Prudential Life Insurance has tied up with the National Payments Corporation of India (NPCI) to provide Unified Payments Interface (UPI) AUTOPAY facility to its customers. This would enable customers to buy insurance policies and make premium payments from the safety and comfort of their homes. ICICI Prudential Life has become the first life insurance company to provide its customers with the UPI AUTOPAY facility as part of its efforts to simplify processes and thereby provide convenience to customers. At the time of purchasing a life insurance policy customers can link their bank accounts with UPI AUTOPAY and easily make…

05 Aug

Sensex gives up gains after touching new high

editor0 CommentsBusiness, IndiaINDIANECONOMY, sensex

The key Indian equity indices gave up gains on Thursday after touching record highs during the initial trade. The BSE Sensex touched a new high of 54,576.64, and the Nifty50 on the National Stock Exchange hit a record 16,294.65 points. Around 10.25 a.m, Sensex was trading at 54,284.73, lower by 85.04, or 0.16 per cent from its previous close of 54,369.77. It opened at 54,576.64 and has so far touched an intra-day low of 54,243.97 points. The Nifty50 on the National Stock Exchange was trading at 16,231.20, lower by 27.60 points or 0.17 per cent from its previous close. Analysts…

05 Aug

Supreme Court upholds Dream11 as ‘Game of Skill’

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The Hon’ble Supreme Court of India, by its order dated 30th July 2021, has dismissed a Special Leave Petition (SLP) that alleged that the Online Fantasy Sports (OFS) format offered by Dream11 amounted to gambling, wagering and betting and is not a ‘Game of Skill’. The Dream11 format of online fantasy sport is based on the format approved by the Federation of Indian Fantasy Sports Federation, currently the only judicially affirmed and industry-recognised format that is permitted under law. The Hon’ble Rajasthan court went on to narrate certain specific best practices from the Federation of Indian Fantasy Sports Federation (FIFS)…

05 Aug

Sony India Launches World of Film Campaign

editor0 CommentsBusinessBusiness, TECHNOLOGY

Sony India’s division company Sony South East Asia announced the World of Film, an initiative to celebrate Sony’s legacy and continued commitment to the movie making world. With this engagement of the filmmaking community, Sony hopes to encourage content creators to blossom through the power of Sony digital imaging equipment. Sony will be celebrating several unique filmmakers from a diverse range of genres. These include individual filmmakers to production houses crossing Asia Pacific. Their films will be showcased alongside exclusive behind the scenes production footage starting 2nd August 2021. Sony will be running a filmmaking competition as part of the…

05 Aug

Prevention of Counterfeiting and Smuggling Program by FICCI-CASCADE

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Despite various anti-counterfeiting strategies such as raids, use of multiple packaging technologies, consumer education and consultations with government agencies the menace of smuggling and counterfeiting is on the rise. In pursuance of its mandate, FICCI-CASCADE held a program on ‘Prevention of Counterfeiting and Smuggling’ (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy). The key recommendations of the program included, capacity building in terms of skill, infrastructure and technology amongst the law enforcement agencies in improving the detection and investigation of crimes. The capacity building program saw participation of several officers of West Bengal Police from Bankura, Islampur, Jagipur, Uttar…

05 Aug

IndiGo launches special fares on 15 yr anniversary

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To celebrate its 15 years of operations, airline major IndiGo on Wednesday announced a three-day special sale offering all-inclusive fares starting from Rs 915 on its domestic and international connections. Accordingly, the offer will be live from August 4-6, 2021 and will be applicable on travel between September 1, 2021 till March 26, 2022. “Additionally, the ‘6E’ add-ons including ‘Fast Forward, 6E Flex, 6E Bagport’ are being offered at Rs 315 while the ‘Car Rental’ service will start at Rs 315.”

05 Aug

Sunhearrt Group and Ajanta Oreva Group

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Sunshine Tiles Company Private Limited owns ‘Sunhearrt brand’. Sunhearrt has become the 6th youngest brand in the Indian ceramic industry today. Sunhearrt has maintained its position as the number one exporter in the Indian ceramic industry for consecutive five years along with the status of the first three-star export house in India. Now, Sunhearrt Group joined hands with Ajanta Oreva Group to form a joint venture for India’s biggest vitrified tiles plant. Mr. Bhudarbhai, Chairman, Sunhearrt Group said, “With this joint venture with Ajanta Oreva Group led by Mr. Jaysukhbhai Bhalodia and our mammoth plant at Samakhiyali, Gujarat, we are…

05 Aug

First Made-In-India Aircraft Carrier Vikrant Sets Sail For Maiden Trials

editor0 CommentsBusiness, India, TechnologyINDIA, TECHNOLOGY

Indigenous aircraft carrier Vikrant - the largest and most complex warship India has ever designed and built - set off on its maiden sea trials yesterday, 50 years after its namesake's key role in the 1971 war.A tweet from the Navy Spokesperson's handle hailed this "proud and historical moment for India", particularly since it represents another step in the government's quest for an 'Atmanirbhar Bharat' and the 'Make in India' initiative, and promised "many more will follow…" "India joins a select group of nations having niche capability to indigenously design, build and integrate a state-of-the-art aircraft carrier. Reaching this milestone…

04 Aug

Electricity derivatives are set to transform India’s power sector

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Electricity is a part of 91 commodities notified by the Government and the annual size of India’s electricity market is approximately Rs 500,000 crores, on which India consumes about 1,300 billion units on an annual basis. The government clearly intends to deepen and evolve India’s power market. The short-term power market is about 11-12% of India’s power sector accounting for 140 billion units of the total. As per the recent power market statistics by the central regulator – CERC dated November’20, the Exchange now represents 50% share of India’s short-term market and represents an immense potential for further growth and…

04 Aug

V-Mart Retail Ltd to enter South India

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V-Mart Retail Ltd. (V-Mart), India’s leading value fashion retailer, has signed definitive agreements to acquire the assets of all stores, warehouse, inventory as well as the store brand ‘Unlimited’ from Arvind Lifestyle Brands Ltd (ALBL), a wholly-owned subsidiary of Arvind Fashions Ltd (AFL) at their book value, with an estimated outlay of about Rs 150 Cr. Unlimited operates a chain of 74 value fashion retail stores across South and West India and V-Mart will acquire all of the existing running stores of ‘Unlimited’. V-Mart will be debuting in South India and helping customers meet their fashion aspirations through its vast…