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16 Nov

UTI Mutual Fund expands footprint with new financial centre in Birbhum

Business BureauBusiness

UTI Asset Management Company (UTI AMC) is set to enhance its presence in India with the opening of a new UTI Financial Centre (UFC) in Birbhum, West Bengal. Located at Pankajini Lodge, Ground Floor, Shantiniketan Road, Bhubandanga, Bolpur, the new centre will be inaugurated on November 18, 2024, as part of the company’s initiative to open 19 UFCs across South, East, and Northeast India. This strategic expansion is aimed at fostering financial inclusion and making mutual fund investments more accessible to investors in smaller cities and towns. Speaking about the expansion, Mr. Imtaiyazur Rahman, Managing Director and CEO of UTI…

16 Nov

UTI Mutual Fund expands reach, opens new financial centre in Aizawl

Business BureauBusiness

UTI Asset Management Company (UTI AMC), a prominent player in India’s mutual fund industry, is set to enhance its regional presence by inaugurating a UTI Financial Centre (UFC) at A 57, Zote Bakery, Lower Zarkawt, Chanmari, Aizawl, on November 18, 2024. The new centre is part of UTI’s plan to establish 19 UFCs across South, East, and Northeast India, aiming to bring the benefits of mutual fund investments closer to underserved areas and B30 cities. UTI AMC’s MD and CEO, Mr. Imtaiyazur Rahman, emphasized the company’s commitment to accessibility, saying, “Our goal is to ensure seamless access to our services…

15 Nov

LG launches new XBOOM series for powerful and portable sound experiences

Business BureauBusiness

LG Electronics has launched its latest XBOOM audio series in India, featuring models XG2T, XL9T, and XO2T, designed to deliver immersive sound with durability and stylish design for both indoor and outdoor settings. This line, aimed at audio enthusiasts, combines powerful sound, enhanced bass, and customizable lighting, making it suitable for a variety of settings, from family gatherings to outdoor adventures. Brian Jung, Director of Home Entertainment at LG Electronics India, emphasized LG’s commitment to innovation in audio technology. “Our new XBOOM series merges convenience with technology, providing powerful audio, lighting features, and portability to elevate our customers’ listening experiences…

15 Nov

Toyota Kirloskar Motor launches the Special Limited Edition across its popular models

Business BureauBusiness

Toyota Kirloskar Motor (TKM) is excited to make this year-end memorable for car buyers with the launch of the Special Limited Edition across its popular models — Glanza, Urban Cruiser Taisor and Urban Cruiser Hyryder. Following the overwhelming response to the recently introduced Festival Limited Editions, the Special Limited-Edition takes Toyota’s commitment towards customer centricity a step further by offering Toyota Genuine Accessory (TGA) packages. By allowing customers to personalize their vehicles, the Special Limited-Edition allows buyers to own a special upgraded version of their preferred Toyota model with a blend of style and enhanced functionality. Mr. Sabari Manohar –…

15 Nov

Jio Financial Services shares jump 7 on inclusion in F&O contract

Business CorrespondentBusiness, News

Shares of Jio Financial Services rose 7 to an intraday high of Rs 320.50 after NSE included the company in F&O contract.NSE released that futures and options contracts on 45 stocks, including Jio Financial Services, will start trading from November 29.In a indirect, NSE said, “ Members are advised to note that predicated on the stock selection criteria laid down by SEBI vide indirect no. SEBI/ HO/ MRD/ MRD- POD- 2/ P/ CIR/ 2024/116 dated August 30, 2024 and upon receipt of approbation from SEBI, members are hereby notified that futures and options contracts on the following 45 fresh securities…

14 Nov

HAL Q2 net profit inflation by 22 percent to Rs 1,510 crore, shares appreciate by more than 2 percent

Business CorrespondentBusiness, News

The HAL Q2 Results saw a marginal PBT growth close to 8 percent.On November 2030, Hindustan Aeronautics Limited published an announcement alleging a consolidated net profit of close to Rs 1510.49 crores that compounded year on year by 22.14%. It was lesser the PBT of Rs 1236.67 crores registered by the company in the July September quarter of the year beginning the fiscal year March 2024, the document mentions.Revenue for the second quarter reached Rs 5976.3 crores growing 7 percent from Rs 5635.4 crores for July- September quarters a year ago. There as a growth exhibited for earnings before interest…

14 Nov

HDFC ERGO launches Pradhan Mantri Fasal Bima Yojana for Tripura’s farmers in Rabi 2024 Season

Business BureauBusiness

HDFC ERGO General Insurance, a leading private sector insurer in India, has been authorized by the Government of Tripura to implement the Pradhan Mantri Fasal Bima Yojana (PMFBY) for farmers in the state's eight districts. This initiative will cover both loanee and non-loanee farmers for the Rabi 2024 season. The scheme insures farmers against yield losses due to external risks such as drought, floods, and pests. Crops eligible for coverage include Boro Paddy, Potato, Cauliflower, Brinjal, Tomato, and Watermelon, across districts like Dhalai, Gomati, Khowai, and others. The premium rates and sum insured vary by crop and district, with deadlines…

14 Nov

PMI reinforces commitment to combat illicit tobacco trade in India

Business BureauBusiness

In a concerted effort to combat the growing menace of illicit tobacco trade in India, Philip Morris International (PMI) has reiterated its commitment to strengthen government-to-government collaborations and enhance intelligence sharing on transnational networks. Speaking at a recent industry event, IPM India’s Managing Director, Navaneel Kar, highlighted that illicit tobacco trade has surged dramatically, now constituting nearly 25% of the cigarette market in India, with significant implications for public health and the economy. The Tobacco Institute of India (TII) reports that the illegal cigarette trade, encompassing both internationally smuggled and locally manufactured tax-evaded products, has reached alarming levels. With an…

13 Nov

Tata Motors launches ‘Customer Care Mahotsav’ to enhance commercial vehicle experience

Business BureauBusiness

Tata Motors has launched its nationwide "Customer Care Mahotsav 2024," a pan-India engagement program aimed at enhancing the after-sales experience for commercial vehicle customers. The event, which runs from 23rd October to 24th December 2024, is being hosted at over 2,500 authorized service outlets across the country, offering a range of benefits to fleet owners and drivers. The Customer Care Mahotsav provides customers with comprehensive vehicle check-ups conducted by trained technicians, alongside access to Tata Motors’ value-added services. Drivers will also receive specialized training in safe and fuel-efficient driving, as part of the Sampoorna Seva 2.0 initiative, which is designed…

13 Nov

Ujjivan Small Finance Bank observes Vigilance Awareness Week, promotes integrity-driven banking

Business BureauBusiness

Ujjivan Small Finance Bank has kicked off its annual 'Vigilance Awareness Week' from November 11 to 16, 2024, to highlight the importance of vigilance and ethical banking practices. This year’s campaign, titled “Watch Out for Each Other,” aligns with the Government of India’s theme, “Culture of Integrity for Nation’s Prosperity.” The event was inaugurated by Chief Guest Dr. M. A. Saleem, IPS, Director General of Police (CID), Karnataka, who lit a ceremonial lamp and delivered a keynote emphasizing that individual integrity contributes to institutional integrity. Dr. Saleem stressed the need for vigilance among bank employees, warning that negligence could expose…