Business - The Purbottar

09 Jun

ICICI Pru Life: Bonus reflects a commitment to policyholders

editor0 CommentsBusinessicici pru life, insurance, Life Insurence

An annual bonus of Rs 867-crore has been announced by ICICI Prudential Life Insurance for all eligible participating policyholders for FY2021. The bonus declared is the highest ever by the Company till date and is also 10% higher than the bonus announced in the last fiscal. This is the 15th consecutive year the Company has declared a bonus, underscoring its customer-centricity and long-term investment approach to deliver superior risk-adjusted returns to policyholders. All participating policies in-force as of March 31, 2021 are eligible to receive this bonus. A total of 9.8-lakh participating policyholders will benefit from this. "We are delighted…

09 Jun

Airtel’s new brand campaign reinforces India’s preference for network quality

editor0 CommentsBusinessairtel, INDIA, TECHNOLOGY, Telecom

Bharti Airtel (“Airtel”), India’s leading communications solutions provider, today rolled out a new brand campaign to showcase the disproportionate customer preference for its world-class network and differentiated services. Watch the TVC here- https://youtu.be/hGuqEavJPVU As per data published by the Telecom Regulatory Authority of India (TRAI), 2 in every 3 new mobile customers choose Airtel over other networks during September 2020 – February 2021. During this period, over 25 mn customers joined the Airtel network, underscoring the strength of brand. Shashwat Sharma, Chief Marketing Officer, Bharti Airtel said: “We have one and only one guiding principle – customer obsession. And it’s…

08 Jun

New Income Tax Website Faces Technical Glitches, Nirmala Sitharaman Tags Infosys, Nandan Nilekani on Twitter

editor0 CommentsBusinessBusiness, Indian government

The new e-filing website of the Income Tax Department was launched on Monday with a host of new features for taxpayers. The new URL http://incometax.gov.in replaced the long-existing http://incometaxindiaefiling.gov.in, and it went live at 8:45 pm, the tax department said in a tweet. However, some users complained on social media that certain features were taking longer than usual to load in the new portal. Taking note of the same, Finance Minister Nirmala Sitharaman today tagged IT giant Infosys and its co-founder Nandan Nilekani after receiving a large number of complaints from users on the new e-filing website of the Income…

08 Jun

Nissan Intelligent Ownership Subscription Plan

editor0 CommentsBusinessdatsun redi-go, nissan magnite, NISSANKICKS

Nissan India launches the first-of-its-kind ‘Nissan Intelligent Ownership Subscription Plan’, a new way to own the all-new Nissan MAGNITE, Nissan KICKS or Datsun redi-GO. Nissan in partnership with ORIX, introduces the unique Subscription Plan with USP of ‘White Plate’ and ‘Buy Back option’ with transparency of no hidden costs as the customer is paying only a nominal refundable security deposit at the start of the Subscription Plan and subsequently pay a fixed monthly fee basis of pre-selected tenure. The Nissan Intelligent Ownership Subscription Plan comes with Zero Down payment, Zero Service Costs, Zero Insurance costs, it covers Vehicle insurance, Registration…

08 Jun

HCCB distributes safety kits and ration to ‘SafaiSathis’

editor0 CommentsBusinessHCCB, SafaiSathis, UNDP, WORLD ENVIRONMENT DAY

Hindustan Coca-Cola Beverages (HCCB) and UNDP are celebrating this World Environment Day. They are celebrating the ‘will do’ spirit of the ‘SafaiSathis’ (sanitation workers who have been working continuously to keep the country clean by collecting and helping recycle plastic waste – even during the pandemic). SafaiSathis are the workforce behind Project Prithvi (the plastic waste management program) that HCCB and UNDP have been jointly running over the last 3 years with partner agencies and local government bodies. HCCB’s Plastic Waste Management program engages with informal sector SafaiSathis to integrate them into formal economy through self-help groups and facilitate their…

08 Jun

Vi Business launches Vi Cloud Firewall

editor0 CommentsBusinessvi, Vi Cloud Firewall

Aiming to secure the business risks of its customers, the enterprise arm of Vodafone Idea Ltd. (VIL), Vi Business has strengthened its security portfolio with the launch of Vi Cloud Firewall, a cloud-deployed security solution for enterprises. Vi Business has partnered with leading security technology provider Firstwave Cloud Technology to introduce Vi Cloud Firewall for the modern business needs. The Firewall solution is powered by Palo Alto Networks VM-Series Virtual Next-Generation Firewall (NGFW) technology, one of the market leaders. Vi Cloud Firewall comes with next generation firewall features. This cost-effective, flexible and network-based solution involves zero capex, zero touch and…

08 Jun

PNB: Net Profit in FY21 – Rs 2022-Cr

editor0 CommentsBusinessFY21, Punjab National Bank

Net Profit of Punjab National Bank (PNB) stood at Rs 2022-Crore during FY’21, according to its Financial Results for the quarter and Financial Year ended 31 March 2021. The Bank’s Operating Profit increased Y-o-Y by 28.4% to Rs 22980-Crore during FY21. Net Interest Income grew Y-o-Y by 1.9 % to Rs 6938-Crore during Q4FY21 and by 17 % to Rs 30477-Crore during FY’21. Total Income stood at Rs 22532-Crore during Q4 FY21 and at Rs 93562-Crore during FY’21. Total Expenditure declined by 27.5 % to Rs 16897-Crore during Q4 FY’21 and by 11.6 % to Rs 70582-Crore during FY’21. Gross…

07 Jun

ICICI Pru Life announces highest-ever annual bonus for policyholders in FY21

editor0 CommentsBusinessFY2021, icici pru life

ICICI Prudential Life Insurance declared its highest-ever annual bonus of Rs 867 crore for the policyholders in FY21. Bonus is the share of profits generated by the company’s participating policyholder’s funds. N S Kannan, MD and CEO, ICICI Prudential Life Insurance, said, “We are delighted to announce that the annual bonus for FY2021 is the highest ever in the history of the company. What gives us special satisfaction is the fact that it coincides with the 20th anniversary of our operations.” The stringent investment philosophy of the company has ensured zero defaults in its portfolio since inception and across market…

05 Jun

Ticked Off: After VP Naidu, Twitter Restores Blue Badge on RSS Chief Mohan Bhagwat’s Account

editor0 CommentsBusinessTwitter

Twitter restored the verified blue tick to Rashtriya Swayamsevak Sangh chief Mohan Bhagwat's Twitter handle on Saturday. It had been removed a few hours earlier. Twitter clarified that the blue badge and verified status could be automatically removed from an account if it is incomplete or inactive for six months as per its rules. The verified status of Vice President Venkaiah Naidu’s personal Twitter has also been restored hours after it was removed due to “prolonged inactivity". Apart from Bhagwat, his colleagues Suresh Soni, Arun Kumar, Suresh Joshi and Krishna Kumar had also the blue tick on Saturday. The blue…

05 Jun

Punjab National Bank posts a standalone profit of Rs 586 crore in Q4

editor0 CommentsBusinessPPNB, PSU, Punjab National Bank

Punjab National Bank posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March. Interest earned during the quarter raise 36 percent to Rs 18,789.53 crore from Rs 13,858.98 crore earlier. The second-largest PSU lender had reported a loss of Rs 697.20 crore in the January-March period of 2019-20. The financial numbers are not strictly comparable as Oriental Bank of Commerce and United Bank of India were merged with PNB effective April 1, 2020, the bank said. The PSU bank’s domestic net interest margin fell to 2.16 per cent in the fourth quarter of 2020-21 against 3.18…