India

Gold remains resilient amid heightened global uncertainty
05 May

Gold remains resilient amid heightened global uncertainty

Business Correspondent0 CommentsBusiness, India,
The global gold market saw a solid start to 2022 with first-quarter demand (excluding OTC) up 34% year-on-year, thanks to strong ETF flows, reflecting gold’s status as a safe-haven investment during times of geopolitical and economic uncertainty.Geopolitical crises weighed heavily on the global economy and reinvigorated investor interest, pushing the gold price briefly to US$2,070/oz in March. The World Gold Council’s latest Gold Demand Trends Report reveals gold ETFs had their strongest quarterly inflows of 269t since Q3 2020. Gold bar and coin demand were 11% above its five-year average at 282t. However, renewed lockdowns in China and high prices…
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India’s Economy witnesses Massive Boost
04 May

India’s Economy witnesses Massive Boost

Business Correspondent0 CommentsBusiness, India,
Foreign Secretary Harsh Vardhan Shringla stated that India is one of the world's fastest-growing economies. He praised India's economic policy and stated that the country's upcoming presidency of the G20 group is both an acknowledgement of our enhanced global standing and an opportunity to project our perspectives and highlight our priorities. Lauding PM Narendra Modi's initiative of "Aatmanirbhar Bharat", Shringla stated that it had transformed India's economic diplomacy. India will become a more prominent hub for resilient and dependable supply chains and global value chains and it’s democracy dividends in foreign policy and strategic affairs are growing. Shringla also stated…
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13 year Old UP Girl Allegedly Raped By Cop When She Went To File Rape Case
04 May

13 year Old UP Girl Allegedly Raped By Cop When She Went To File Rape Case

editor0 CommentsIndia,
A 13-year-old rapist was allegedly raped again by the in-charge of a police station in Uttar Pradesh's Lalitpur, after she took a long time to register a complaint.The girl alleged that she was raped by 4 men, after which she went to the police station to complain along with a relative. The accused officer, Station House Officer Tilakdhari Saroj, was dismissed and a crooked case was registered against him. According to a top police official in Lalitpur, he is absconding and three police teams are looking for him. Three accused have been arrested. All policemen posted at the police station…
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Panasonic inaugurates new manufacturing unit in Andhra Pradesh
04 May

Panasonic inaugurates new manufacturing unit in Andhra Pradesh

Business Correspondent0 CommentsBusiness, India,
A wholly owned subsidiary of Panasonic Corporation Panasonic Life Solutions India announced the opening of its new manufacturing facility in Sri City, Andhra Pradesh. The facility aims to develop market synergies by providing swift material deliveries and customer delight. The factory also aims to produce more than 200 mil pieces of switches per year in the next 5 years. The ‘highly automated’ unit is spread over 133,584 sq.mt and currently covers a floor area of 37,025 sq.mt. This will be the company’s first electrical equipment manufacturing base in Southern India and seventh in India followed by facilities in the North…
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Flipkart launches its largest fulfillment center in Haringhata
04 May

Flipkart launches its largest fulfillment center in Haringhata

Business Correspondent0 CommentsBusiness, India, ,
Flipkart, India’s homegrown e-commerce marketplace, announced the inauguration of India’s largest fulfillment center (FC) in Haringhata, West Bengal. The tech-enabled facility that will create more than 11,000 job opportunities and will support around 20,000 sellers from the state and North-East region, was inaugurated (virtually) during the Bengal Global Business Summit (BGBS) 2022 by the Chief Minister, Mamata Banerjee in presence of Principal Chief Advisor to Chief Minister Amit Mitra, Industries Minister Partha Chatterjee, Minister of Transport and Housing Firhad Hakim, and Chief Secretary H.K. Dwivedi. Located 50 km from Kolkata, the facility has an integrated supply chain management spread across…
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Northeast India’s first Best Sound Centre
04 May

Northeast India’s first Best Sound Centre

Business Correspondent0 CommentsBusiness, India,
Signia, a leader in the hearing aid industry, announced the launch of Best Sound Centre, the first store of its kind in Aizawl, where consumers can experience hearing live with hearing aids. The BestSound Centre is set to showcase the finest from Sivantos’ premium hearing care brand, Signia. BestSound Center is one of the largest networks of hearing care professionals with over 290 centers spread across the country and aims at providing quality services to people. Mr Mohan Swamy, Director, Sivantos India said, “Sivantos India, along with Nawka Speech & hearing, is excited to announce the launch of Northeast India’s…
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Strong financial results for FY2022
04 May

Strong financial results for FY2022

Business Correspondent0 CommentsBusiness, India,
ICICI Prudential Life Insurance has delivered another strong financial performance leading to a 33% year-on-year growth in the Value of New Business (VNB) for FY2022. The VNB margin expanded to 28% and absolute VNB stood at Rs 21.63 billion. This was led by a robust growth of 25% in new business sum assured and 20% in Annualised Premium Equivalent for the same period. During FY2022, Annuity and protection new business premiums grew by 29% and 35% year-on-year respectively. New Business Sum Assured of the Company grew to Rs 7,731.46 billion for FY2022 making ICICI Prudential Life Insurance the leader in…
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Amazon.in announces ‘Summer Sale’
03 May

Amazon.in announces ‘Summer Sale’

Business Correspondent0 CommentsBusiness, India,
Amazon.in is excited to announce its ‘Summer Sale’ kickstarting from May 04, 2022. Amazon is introducing ‘Countdown Deals’ for the first time that will be open for all customers and the selected offers will give them early access to a wide array of products across categories until May 3. Customers can explore and shop for a wide selection offered by small and medium businesses, Indian direct-to-consumer start-ups, neighborhood stores & women entrepreneurs across India. They can also explore sustainable, handcrafted products from artisans and weavers of different states across from popular crafts. The offers including 16 new launches from Top…
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Pradhan Mantri National Apprenticeship Mela
03 May

Pradhan Mantri National Apprenticeship Mela

Business Correspondent0 CommentsBusiness, India, ,
The Union Minister of Education, Skill Development and Entrepreneurship Shri Dharmendra Pradhan digitally inaugurated the launch of the National Apprenticeship Mela across 700+ locations in the country. Over 4000 organisations from more than 30 industries participated in the event. Individuals having a 5th–12th grade pass certificate, a skill training certificate, an ITI Diploma or a graduate degree were eligible to participate. The main objective was to encourage the hiring of approximately 1 lakh apprentices and to assist employers in identifying and developing their potential through training and practical skill sets. The young and aspiring workforce was given a choice of…
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PM Modi meets German Chancellor Scholz in Berlin
03 May

PM Modi meets German Chancellor Scholz in Berlin

editor0 CommentsIndia,
Prime Minister Narendra Modi held a meeting with German Challancer Olaf Scholz in Berlin as the two leaders look forward to expanding India-Germany cooperation. PM Modi, who arrived in Germany on the first leg of his three-day Europe visit, got a rousing welcome from the Indian diaspora in Berlin. The Prime Minister greeted members of the Indian community, who were awaiting his arrival at Hotel Adlon Kempinski in Berlin. Many children along with their parents were present at the hotel, waving their hands at the Prime Minister’s arrival. The people chanted “Vande Mataram” and “Bharat Mata ki Jai” on seeing…
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