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13 Feb

PM Modi announces ‘PM Surya Ghar: Muft Bijli Yojana’ to boost solar power

Business CorrespondentBusiness

PM Narendra Modi on Tuesday announced the 'Muft Bijli Yojana' in an effort to bolster sustainable development and ensure the welfare of people by providing free electricity. The union government has allocated a budget of Rs 75,000 crores for the project which aims to provide access to light to every household by offering up to 300 units of free electricity every month. To familiarise the scheme among Indians, the government will incentivise Urban Local Bodies and Panchayats to promote the establishment of rooftop solar systems in their jurisdiction, PM Modi said. The government will also ensure that there is no…

13 Feb

Deepika Padukone got engaged in a heartfelt conversation with Jay Shetty

Business CorrespondentBusinessBusiness

On Sunday, 11th February 2024, Deepika Padukone, Co-founder of 82ºE, took to social media to initiate a dialogue with renowned life coach, podcaster and author, Jay Shetty. The duo engaged in a heartfelt conversation, delving into the importance of "Self-Care for Men." The two powerhouses shed light on prevalent myths and misconceptions surrounding self-care for men, aiming to debunk stereotypes and foster a greater understanding of mental and emotional well-being. Deepika Padukone, a vocal advocate for mental health awareness, shared her personal journey and the founding of an organization dedicated to support individuals navigating similar challenges. Jay Shetty, esteemed for…

13 Feb

Bandhan Bank reported a 17% increase in its total business for Q3 2023-24

Business BureauBusiness

Bandhan Bank reported a 17% growth in its Q3 2023-24 financial results, reaching Rs.2.33 lakh crore, and holding a 71% share of retail to total deposits. The encouraging growth witnessed in the quarter has been driven by its expansion in distribution and the favorable operating environment. Bandhan Bank opened 26 branches during the quarter, serving over 3.26 crore customers through 6,250 outlets in country and employs over 75,000 people. The bank's total deposit book is Rs.1.17 lakh crore, with total advances at Rs.1.16 lakh crore. The current account and savings account (CASA) ratio is 36.1%, and the bank's Capital Adequacy…

13 Feb

Tata AIA appoints Venkatachalam H. as new Chief Executive officer and & Director

Business BureauBusiness

Tata AIA Life Insurance Company Limited, one of India’s fastest growing life insurance companies, announced that its Board has appointed Venkatachalam H. as the new Chief Executive Officer & Managing Director, subject to regulatory approval from IRDAI. Venkatachalam H. will take over from current Chief Executive Officer and Managing Director, Naveen Tahilyani who moves to another role in the Tata Group and has been elevated as a Non-Executive Director of Tata AIA Life Insurance Company Ltd. Venkatachalam H, with over 27 years of experience in Life Insurance, Asset Management, and Custodial Services, has led initiatives in marketing, strategy, analytics, and…

12 Feb

RBI rules out review of action taken against Paytm Payments Bank

Business CorrespondentBusiness

RBI Governor Shaktikanta Das on 12 of February 2024(Monday) said there will be no review of the restrictions imposed on Paytm Payments Bank (PPB) for regulatory violations, as the decision was taken in the best interest of customers. The Governor further said that the frequently asked questions (FAQs) on PPB will be issued later during the week to answer customer issues related to FASTags, wallet, and depositors. On January 31, the RBI imposed restrictions on PPB citing 'persistent non-compliance and continued material supervisory concerns'. The RBI previously ordered PPB to stop most of its business, including deposits, credit products and…

12 Feb

Assam Budget: To support 10 lakh girls’ education; levies no new tax

Business CorrespondentBusiness

A bundle of women-centric schemes were unveiled by the Assam government on 12th Feb 2024( Monday) in its Rs 2.9 lakh crore budget for 2024-25 which includes financial help to provide education to 10 lakh girls up to post-graduation level to do away with child marriage. In a year when the country will vote to elect the next central government, Assam Finance Minister Ajanta Neog did not levy any new tax on the common people or commercial establishments as well. In an attempt to bring every family in the government job's network, she framed a new law for giving 5%…

12 Feb

HIF unveils “Project Buniyaad Aathmanirbharta Ka Aadhar”

Business BureauBusiness

Honda India Foundation (HIF) along with the Manipur State Rural Livelihood Mission and Visan Foundation launched “Project Buniyaad-Aathmanirbharta Ka Aadhar” that aims at providing employment to the unemployed youth from the marginal sections of the society. The project aims to provide 100% job placements to North-eastern youth in the hospitality sector through four distinct collaborations: Honda India Foundation as funding partner, State Government as Infrastructure and Mobilization Support partner, Visan Foundation as training partner, and leading hotels and hospitals as placement partners. The project was inaugurated by the Hon’ble Chief Minister of Manipur, Shri NBiren Singh, in the august presence…

12 Feb

Royal Stag BoomBox: Where bollywood harmony meets hip-hop swagger

Business BureauBusiness

Seagram’s Royal Stag is gearing up to launch the second edition of its highly anticipated music festival, Royal Stag BoomBox. Following the unprecedented success of its debut, this year's event promises an unparalleled fusion of Bollywood melodies and hip-hop beats. With headlining acts featuring the likes of Badshah, Armaan Malik, Nikhita Gandhi, and more, Royal Stag BoomBox is set to be a musical extravaganza like no other. The festival, which celebrates the spirit of 'Living it Large,' aims to unite music enthusiasts from diverse backgrounds under one roof. In a unique twist, Royal Stag BoomBox will offer attendees two engaging…

12 Feb

Tata Motors announces the launch of the Tiago and Tigor iCNG AMT – India’s 1st AMT CNG Cars

Business BureauBusiness

Tata Motors, India’s leading automotive manufacturer, announced the launch of the Tiago and Tigor iCNG AMT - India’s 1st AMT CNG Cars. With an impressive mileage of 28.06 Km/kg, the cars will be available at a starting price of 7.89 lakhs for the Tiago iCNG and 8.84 lakhs for the Tigor iCNG (Ex-showroom, Delhi).Adding to the current color palate, the company will be introducing an interesting new Tornado Blue in the Tiago, Grassland Beige in Tiago NRG and a Meteor Bronze in the Tigor. Tata Motors has revolutionized the CNG segment with twin-cylinder technology, high-end features, and direct start in…

12 Feb

CEAT ISRL launches its Inaugural Season with Hon. Shri Bhupendrabhai Patel as Chief Guest of Ahmedabad Race

Business BureauBusiness

The CEAT Indian Supercross Racing League (ISRL) is set to revolutionize the Indian motorsports scene with its inaugural season. The league is excited about the participation of Shri Bhupendrabhai Patel, Honourable Chief Minister of Gujarat, as chief guest and will inaugurate the second race of Season One. The Ahmedabad race is scheduled to take place on the 11th of February 2024, promising an adrenaline-fueled spectacle of Supercross racing at this state-of-the-art multi-purpose stadium, EKA Arena (formerly The Arena/Transstadia Arena). Shri Bhupendrabhai Patel, Honourable Chief Minister of Gujarat, said, “Gujarat has implemented a dedicated sports policy aimed at nurturing talents in…