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19 Dec

Accenture shares inflation 7% on higher guidance and strong quarter; Wipro, Infosys ADRs rise 2-3%

Business CorrespondentBusiness, News

Consulting major Accenture's higher guidance for the full year as well as the second quarter has led to a more than 7% rise in its share price in the US market in early trade, which also impacted ADRs of Indian IT majors Wipro and Infosys, which rose 2.3% and 3%, respectively, in early trade on the New York Stock Exchange on December 19. Currency market-related headwinds and concerns over government spending had dampened market expectations on revenue growth. However, the global IT major beat Wall Street estimates on the back of customer demand for AI-powered tools, as CEO Julie Sweet…

19 Dec

Durex’s ‘The Birds and Bees Talk’ makes waves at Hornbill Festival with Asia’s first Consent Café

Business BureauBusiness

The 25th edition of the iconic Hornbill Festival, famously known as the Festival of Festivals, has concluded with unprecedented enthusiasm, drawing a record-breaking footfall of 2.5 lakh visitors to the Kisama Heritage Village, Nagaland. Durex The Birds and Bees Talk (TBBT), a transformative life skills program by Reckitt, a global leader in health and hygiene, made its mark as the festival’s official Health Partner, driving impactful conversations around consent through groundbreaking initiatives. This year, Durex TBBT made history by launching Asia’s first-ever Consent Cafe, inaugurated by Shri Anoop Khinchi (IAS), Commissioner & Secretary, Health & Family Welfare, and Shri Thavaseelan…

19 Dec

ICICI Prudential Life Insurance achieves industry-high 99.04% claim settlement ratio in Q2-FY2025

Business BureauBusiness

ICICI Prudential Life Insurance has declared a claim settlement ratio of 99.04%, the highest in the industry, for the period from July 2024 to September 2024. Importantly, the average time to settle a death claim was just 1.2 days. Mr. Amish Banker, Chief Operations Officer, ICICI Prudential Life Insurance, said, “In Q2-FY2025, we had a claim settlement ratio of 99.04%, while our average claim settlement turnaround time for non-investigated claims from last document received date was just 1.2 days. Besides, we settled death claims totalling over Rs. 451 crore in the same period. Under our “Claim for Sure” initiative, we…

18 Dec

Vishal Mega Mart shares inflation 41% in market debut

Business CorrespondentBusiness, News

New Delhi: Shares of Vishal Mega Mart Ltd on Wednesday jumped 41 per cent in early trade against the issue price of Rs 78. The stock listed on the BSE at Rs 110, up 41 per cent from the issue price. Later, it rose 42.24 per cent to Rs 110.95. On the NSE, it listed at Rs 104, up 33.33 per cent from the issue price. Vishal Mega Mart's market valuation stood at Rs 48,644.57 crore. Vishal Mega Mart's Rs 8,000 crore initial public offering was subscribed 27.28 times on the last day of bidding on Friday. The initial public…

18 Dec

AkzoNobel India celebrates the milestone of three years of Project Revive

Business BureauBusiness

AkzoNobel India, the makers of Dulux paints and Coatings, has celebrated the milestone three years of Project Revive – it’s skill building program in decorative painting that has transformed the lives of over 800 drug-rehabilitated youth in Assam, Manipur and Arunachal Pradesh. Project Revive was piloted by AkzoNobel in Manipur in December 2021 in collaboration with the Department of Social Welfare (Government of Manipur) and its NGO partner Makers Foundation. Here, identified vulnerable youth in 21 Drug Rehabilitation Centers (DRCs) across five districts of Manipur participated in AkzoNobel’s vocational skill training course in decorative painting. Rohit Totla, Executive Director of…

18 Dec

Akasa Air celebrates Christmas with special festive meal on board

Business BureauBusiness

Akasa Air is spreading holiday cheer in the skies with the launch of its third edition of the Christmas special meal. Available from December 1-31, 2024, the meal features a mouth-watering Chicken Mince Cranberry Pie, paired with Christmas Pudding and a beverage of choice. This festive offering is available exclusively across the airline’s network and can be pre-booked via Akasa Air’s website or mobile app. Designed to bring the essence of Christmas to travelers, this meal combines savory and sweet flavors to create an unforgettable culinary experience. It is perfect for passengers looking to add a touch of celebration to…

17 Dec

Toyota launches All-New Camry Hybrid Electric Vehicle in India

Business BureauBusiness

Toyota Kirloskar Motor has unveiled the latest iteration of its Camry Hybrid Electric Vehicle, positioning it as a sophisticated, eco-friendly luxury sedan. The new model showcases Toyota's commitment to sustainable mobility and advanced hybrid technology. Key highlights of the All-New Camry include: (1) Powertrain and Performance: The vehicle features a 2.5L Dynamic Force Engine paired with a 5th Generation Hybrid System, delivering a total maximum power of 169kW (230 PS). It offers an impressive fuel efficiency of 25.49 km/l and multiple driving modes including Sport, Eco, and Normal. (2) Design and Comfort: The sedan boasts a sleek, futuristic design with…

17 Dec

A delegation of 39 students leaves for IIT Jodhpur as part of the government’s fifth phase

Business BureauBusiness

A delegation of 39 students from varied higher education institutions from West Bengal have left for IIT Jodhpur as a part of the fifth phase of the Govt’s. ambitious cultural and educational endeavour the ‘Ek Bharat Shreshtha Bharat YuvaSangam’ programme. An orientation session and a flag-off event were organized at IIEST Shibpur in the presence of Mr. Kazi Masum Akhtar, an educationist and Padma Shri Awardee. While the nodal institute from West Bengal is IIEST Shibpur, the nodal institute from Rajasthan is IIT Jodhpur. The delegate members will stay in IIT Jodhpur from 14th-18th Dec 2024. Through this visit, the…

17 Dec

TKM opens its first company-owned TUCO facility in Northeast India in Guwahati

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has launched its first Company Owned Toyota Used Car Outlet (TUCO) in Guwahati, marking the third such facility in India. The new 4,000-square-foot showroom can display over 15 certified pre-owned Toyota vehicles and represents the company's strategic expansion into the Northeast region. Each vehicle at the outlet undergoes a rigorous 203-point inspection by Toyota-trained technicians, ensuring high quality and reliability. The facility offers customers a transparent buying experience with features like online vehicle valuation and a comprehensive warranty of up to 30,000 kilometers or two years. Mr. Takashi Takamiya, Vice President of Toyota Kirloskar Motor, highlighted…

17 Dec

Home loan borrowers decrease 39%, disbursements rise 32%

Business CorrespondentBusiness, News

The housing finance market in Gujarat is facing a paradox – fewer people are borrowing, but those who are borrowing are borrowing in larger amounts. According to the latest State Level Bankers Committee (SLBC) report, the number of home loan borrowers saw a sharp decline of 39.6%, from 1.58 lakh accounts in the September quarter of FY24 to just 95,532 accounts in the same period of FY25. Despite the sharp decline in loan accounts, total disbursements grew by 32%, led by a remarkable 118% increase in loan ticket size – from Rs 6.82 lakh to Rs 14.93 lakh per account.…