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18 Sep

Wholesale inflation down for the second consecutive month to 1.31% in August

Business CorrespondentBusiness, News

New Delhi: Wholesale inflation plunged for the second consecutive month to 1.31 percent in August due to cheaper vegetables, food articles and fuel, according to government data released on 17 sep.Inflation based on the Wholesale Price Index stood at 2.04 percent in July. In August last year, it was (-) 0.46 percent."The positive rate of inflation in August 2024 is mainly due to the expansion in prices of food articles, processed food products, other manufacturing, textile manufacturing and manufacturing of machinery and equipment, etc," the Ministry of Industry state in a statement.According to the data, inflation in food items stood…

18 Sep

Zubeen Garg’s ‘Sikaar’ set to hit theatres on September 20

Business BureauBusiness

The highly anticipated Assamese film Sikaar, featuring music by Zubeen Garg, is set for release on September 20, 2024. Directed by Debangkar Borgohain and produced by Sam Bhattacharjee and Mitra Bhattacharya, the film tells the gripping story of tea plantation workers, focusing on the struggles and resilience of women in the community. Zubeen Garg, playing a young plantation worker, is joined by Urmila Mahanta in the lead, with Adil Hussain, Siddharth Sharma, and others in supporting roles. The film's shooting took place in both Assam and London, adding a unique cultural and cinematic flavor.

18 Sep

Agartala launches first FIH-certified hockey field

Business BureauBusiness

In a landmark development for sports in Agartala, the city's first-ever FIH-certified hockey ground was unveiled, marking a significant upgrade to the region’s sports infrastructure. Developed by the Agartala Sports Department in collaboration with Gallant Sports, this state-of-the-art facility is part of the Khelo India Scheme and promises to be a game-changer for local hockey enthusiasts. The project faced initial hurdles, including an uneven ground level, but Gallant Sports overcame these challenges to ensure the ground met international standards. Nasir Ali, CEO of Gallant Sports, emphasized the project's impact, stating, “We are proud to deliver a hockey ground that meets…

18 Sep

Mahindra launches Veero; revolutionares LCV <3.5 t platform with prices starting at ₹7.99 lakh

Business BureauBusiness

Mahindra & Mahindra Ltd. has unveiled the all-new Veero, redefining the light commercial vehicle (LCV) <3.5 t segment. Priced from ₹7.99 lakh, the Veero introduces the Urban Prosper Platform (UPP), India’s first multi-energy modular platform supporting diesel, CNG, and electric options. This groundbreaking platform ensures exceptional savings, with best-in-class mileage of 18.4 km/l for diesel and 19.2 km/kg for CNG. The Veero offers impressive performance with a 1.5-litre diesel engine or Turbo mCNG engine, delivering up to 67.2 kW of power. Notable features include a driver airbag, reverse parking camera, and a 26.03 cm touchscreen infotainment system. In Howrah, the…

17 Sep

Tata Motors decay 3% after block deal; stock down over 11% in a month

Business CorrespondentBusiness, News

Tata Motors Share Price NSE, Tata Motors Block Deal: Tata Motors shares fell by 2.87% to ₹ 959.70 per share on the BSE on Tuesday, September 17, amid reports that around 1.9 crore shares representing 0.4% stake in the company changed hands at ₹ 970 per share in the block deal window. The deal size was reported to be ₹ 1,758 crore.Pursuant to the scheme of arrangement, TML Securities Trust sold over 1.14 crore new ordinary shares (NOS) on the stock exchanges for distribution of fractional share entitlements as well as tax liabilities.Tata Motors shares have seen volatility recently. The…

16 Sep

ACKO ventures into life insurance with innovative flexi term plan

Business BureauBusiness

ACKO Tech, the parent company of ACKO General Insurance, has launched its new arm, ACKO Life Insurance, with a groundbreaking Flexi Term Life Insurance Plan. The introduction marks ACKO's entry into the life insurance sector, promising to transform how protection is approached. The Flexi Term Life Insurance Plan is designed to offer comprehensive coverage and adaptability. Key features include customizable coverage amounts, flexible policy durations, and the ability to modify riders such as critical illness or accidental death coverage. Notably, the plan introduces a Digital Will feature, enabling users to securely create and update their wills online. In Kolkata, the…

14 Sep

Maruti Suzuki launches epic new Swift S-CNG, set new standards in fuel efficiency

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Maruti Suzuki India Limited (MSIL) has launched the Epic New Swift S-CNG, offering an impressive fuel efficiency of 32.85 km/kg, making it the most fuel-efficient hatchback in its segment. The Swift S-CNG comes in three variants: V, V(O), and Z, all equipped with a 5-speed manual gearbox. This new model continues the Swift's sporty legacy with a bold design and a Z-series Dual VVT engine that delivers maximum torque of 101.8 Nm @ 2900 rpm. Agartalais expected to show strong demand for the Swift S-CNG, as the region has seen a growing preference for fuel-efficient, eco-friendly vehicles. The availability of…

14 Sep

Tata AIA achieves top 6 global MDRT ranking with record number of qualified advisors

Business BureauBusiness

Tata AIA Life Insurance has reached a significant milestone, securing the 6th position in the global Million Dollar Round Table (MDRT) rankings for 2024. With 2,584 MDRT-qualified advisors, the company has demonstrated exceptional growth, marking a 30.64% increase in the number of qualified advisors compared to the previous year. Notably, Tata AIA leads in India with the highest number of MDRT-qualified female advisors, totaling 1,238, placing it 7th globally among companies with female MDRT members.MDRT, renowned as the premier global association for financial professionals, acknowledges members who exhibit outstanding professional knowledge and ethical standards. This recognition underscores Tata AIA’s commitment…

13 Sep

Nothing expands service network in India ahead of festive season

Business BureauBusiness

London-based tech brand Nothing, India's fastest-growing smartphone company, has announced a major expansion of its service centre network ahead of the festive season. The brand, which saw a remarkable 567% growth in H1 2024, aims to enhance customer support nationwide. Nothing India will open two new exclusive service centres in Hyderabad and Chennai in October, bringing the total to five.The priority desks in Kolkata and Gurgaon are already operational and new priority desks are coming up in Cochin, Ahmedabad and Lucknow. This expansion aims to provide seamless and efficient service, with pickup and drop options available across 18,000 pin codes.Kolkata…

12 Sep

India’s retail inflation to upgrade to 3.65% in August 2024

Business CorrespondentBusiness, News

New Delhi, September 12 (Language) Retail inflation rose to 3.65 percent in August, according to official data released on Thursday, although the prices of vegetables and pulses recorded a double-digit increase.However, retail inflation based on the Consumer Price Index (CPI) remained below the Reserve Bank's average target of 4 percent for the second consecutive month. It was at a five-year low of 3.6 percent in July. Core inflation was 6.83 percent in August 2023."The year-on-year inflation rate (3.65 percent) based on the All-India Consumer Price Index (CPI) for the month of August, 2024 is the second lowest in the last…