Business

13 Dec

SWITCH Mobility launches new electric buses, expands global footprint in sustainable urban transport

Business BureauBusiness

SWITCH Mobility Ltd, subsidiary of Ashok Leyland and part of the Hinduja Group, and a leading manufacturer of electric buses and light commercial vehicles, has unveiled its contemporary electric bus platform SWITCH EiV12—the low-floor electric city bus for the Indian market.  It is India’s first low-floor city bus with chassis-mounted batteries, featuring a scalable battery capacity of over 400+ kWh.  The vehicle was launched by Shri Nitin Gadkari, Hon’ble Minister for Minister of Road Transport and Highways of India, in the presence of Ashok P. Hinduja, Chairman of Hinduja Group Companies (India), other dignitaries, and industry leaders. Mr. Ashok P.…

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12 Dec

Credit card defaults have progress by 110 basis points, the study said

Business CorrespondentBusiness, News

RBI data shows that the number of credit cards issued by banks has also increased sharply to 10.61 crore by September 2024 from 9.3 crore in September 2023, 7.36 crore in March 2022 and 6.20 crore in March 2021.Credit card repayment defaults are on the rise, reflecting growing stress and debt burden among customers. Credit card repayment defaults or portfolio risk (PAR) in banking parlance for credit cards with 91-180 days past due (DPD) have increased by 110 basis points to 7.6 per cent by June 2024 from 6.5 per cent in June 2023, a study said.This means that defaults…

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12 Dec

Aviva India’s New Era: A new approach to life insurance for customers, partners and the organization

Business BureauBusiness

Aviva Life Insurance India has transformed the life insurance landscape with a groundbreaking commitment to customer wellness, transparency, and accessibility. Guided by a forward-thinking vision, Aviva has introduced innovative products and initiatives that set a new standard in the industry, aligning with the Insurance Regulatory and Development Authority of India’s (IRDAI) “Insurance for All” mission. At the core of Aviva’s approach is a focus on comprehensive wellness for its customers, anchored in five key pillars: Physical Fitness, Mental Well-being, Proactive Health Checks, Balanced Nutrition, and Financial Security. “As a life insurance provider, we believe that true security is about more…

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11 Dec

Cement prices may jump by 4%, which is good news for the sector

Business CorrespondentBusiness, News

According to CLSA, the Indian cement sector may see a price increase of 4% in the second half of FY25 and this will be good news for companies that have been affected by low prices across India for the last several quarters. However, the sustainability of these price increases remains a key monitorable factor, according to the brokerage. Cement prices increased by Rs 10-30 per bag in early December. The increase was the highest in the eastern and central regions of India at Rs 20-30 per bag, while the rest of the regions saw an increase of Rs 10.This means…

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11 Dec

Family and friends surpass YouTube as top financial guides for 64% of Asansol’s youth

Business BureauBusiness

Fin One, a digital-first initiative by Angel One Limited (NSE: ANGELONE; BSE: 543235), has released its Fin One Young Indians’ Saving Habits Outlook 2024, shedding light on the evolving financial behaviours of Millennials and Gen Z across India. The data for the report was compiled by the leading research firm, Nielsen Media. The report examines saving patterns, investment preferences, and the influence of technology on financial habits among Asansol’s young residents. Findings reveal a strong savings culture, with 96% identifying as consistent savers, and fixed deposits ranking among the most popular savings options. Asansol’s youth demonstrate a high awareness of…

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10 Dec

Retail vehicle sales jump 11.2 percent in November

Business CorrespondentBusiness, News

According to data compiled by the Federation of Automobile Dealers Association, retail sales of vehicles across categories in India rose 11.21 percent to 32,08,719 units in November as against 28,85,317 units in the same month last year. Retail sales of two-wheelers rose to 26,15,953 units in November as against 22,58,970 units in the same month last year. This shows a robust growth of 15.8 percent.

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10 Dec

Aster CMI Hospital partners with Arunachal government for affordable liver transplant services

Business BureauBusiness

Aster CMI Hospital has entered into a collaboration with the Government of Arunachal Pradesh to provide affordable liver transplantation services for patients with end-stage liver disease. This groundbreaking initiative aims to support patients, especially children suffering from congenital liver conditions such as biliary atresia, by offering life-saving treatment at a fraction of the typical cost. Liver transplantation, with a 95% success rate when performed with a living donor, is often unaffordable due to the high cost of the procedure, typically ranging between ₹20-25 lakh. In response, Aster CMI Hospital, in collaboration with CSR initiatives and crowdfunding platforms, has developed India’s…

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09 Dec

Oil prices upsurge as China eases monetary policy to boost economic growth

Business CorrespondentBusiness, News

Oil prices rose more than 1% on Monday, as top importer China took its first step toward easing monetary policy for the first time since 2010 to boost economic growth, state media reported, citing a politburo meeting. Brent crude futures rose $1, or 1.4%, to $72.12 a barrel at 1356 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $1.09, or 1.6%, to $68.29. "Oil prices are likely to jump as monetary policy easing in China has boosted risk sentiment," said UBS analyst Giovanni Stauno. China's growth has stalled, as a slowdown in the property market has hit confidence and…

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09 Dec

40 students from varied higher education institutions from Rajasthan reach IIEST

Business BureauBusiness

A delegation of 40 students from varied higher education institutions from Rajasthan has reached IIEST, Shibpur, West Bengal, as a part of the fifth phase of the Govt’s. ambitious cultural and educational endeavor, the ‘Ek Bharat Shreshtha Bharat YuvaSangam’ programme. While IIT Jodhpur is the nodal institute from Rajasthan, IIEST Shibpur is the nodal institute from West Bengal. The delegate members will stay in IIEST Shibpur from 4th-9th Dec 2024. Through this visit, the emphasis will be on increasing the exchange of rich culture, tradition and ideas between the two states. As part of the itinerary, the student delegate will…

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09 Dec

United Breweries Limited ushers in a new era of premium beer in the country

Business BureauBusiness

United Breweries Limited (UBL), the country's largest beer manufacturer, part of the HEINEKEN Company, has launched its iconic premium beer, Amstel Grande, in West Bengal. This marks the beginning of a new chapter in India's premium beer segment, blending UBL's brewing expertise with Amstel's 150-year heritage from Amsterdam. Amstel Grande promises to offer Indian consumers an unparalleled beer experience, thanks to its secret ingredient: time. The beer is slow brewed and matured longer, allowing its flavors to fully develop, resulting in a rich, smooth taste. Crafted using the finest quality barley, unique Dutch yeast, and carefully selected hops, each sip…

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