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23 Oct

Stamp duty cut helps push home sales in Kolkata

editor0 CommentsBusinessPropTiger.com

Demand for housing in Kolkata seems to have improved after the West Bengal government announced a 2% cut in stamp duty and 10% reduction in circle rates for a limited period as part of this year’s Budget.According to Real Insight (Residential) – July-September (Q3)2021, a quarterly report by REA India-owned real estate company, PropTiger.com, builders sold 2,651 units in the West Bengal capital during the July-September period of 2021. This led to a 7% annual and 112% quarterly increase in sales numbers.Under the offer by the state government, which is valid till October 30, 2021, homebuyers in Kolkata pay only…

23 Oct

Castrol India Launches Forth Edition of Super Mechanic Contest

editor0 CommentsBusinessCastrol, Castrol Super Mechanic Contest

Castrol has launched the fourth edition of the country’s largest and most awaited mechanic skilling initiative, the Castrol Super Mechanic Contest (SMC). This year’s contest theme of #SeekhengeJeetengeBadhenge salutes the passion and the spirit of mechanics who keep India moving and will provide them an opportunity to upskill themselves with new technologicaladvancements in the automotive sector. Participating mechanics will test their skills with other mechanics across the country to emerge as the 2021 Castrol Super Mechanic. Amidst the ongoing pandemic, the Super Mechanic Contest2021 will leverage both physical and digital mediums to expand its reach across India’s mechanic community and…

23 Oct

LIC MF Balanced Advantage Fund

editor0 CommentsBusinessLIC MF Balanced Advantage Fund

LIC Mutual Fund has announced the launch of LIC MF Balanced Advantage Fund (“LICMF BAF”), an open-ended Dynamic Asset Allocation Fund, which would invest across equity and debt & money market instruments using several parameters like valuation and earning drivers.LICMF BAF is a Dynamic Asset Allocation Fund, would aim to generate return, largely through asset allocation strategy, thereby minimizing the impact of losses in adverse market conditions. LICMF BAF model would precisely use this relationship to determine optimum asset allocation level for the scheme. The model uses Interest rates, one year forward Price Earnings ratio and Earnings Yield, to arrive…

22 Oct

IndiaFirst Life Introduces ‘Saral Bachat Bima’ Plan

editor0 CommentsBusinessIndiaFirst Life Insurance

IndiaFirst Life Insurance Company Limited (IndiaFirst Life), promoted by Bank of Baroda and Union Bank of India has introduced IndiaFirst Life Saral Bachat Bima Plan, a savings and protection cover for the entire family. This non-linked, non-participating, individual, limited premium policy provides a shorter pay commitment of five or seven years while keeping you and your entire family protected for 12 or 15 years.IndiaFirst Life claims that the Saral Bachat Bima Plan is a competitively priced plan that helps in saving for future financial needs. It secures family’s future of the plan holder in case of an unfortunate event. Furthermore,…

22 Oct

World Gold Council Report on Demand of Gold in India

editor0 CommentsBusinessWorld Gold Council

The World Gold Council today launched a report titled ‘The drivers of Indian gold demand’, the first in a series of in-depth analysis on the Indian gold market. The econometric analysis shows that rising income is the most powerful driver of Indian gold demand in the long term, which bodes well for Indian gold demand as the economy is complemented by a strong demographic dividend. The report finds for each 1% increase in gross national income per capita, gold demand rises by 0.9%, For each 1% increase in the rupee- based price of gold, demand falls 0.4% and there are…

22 Oct

HDFC Mutual Fund announces HDFC NIFTY NEXT 50 INDEX FUND

editor0 CommentsBusinessHDFC Mutual Fund

HDFC Asset Management Company, has announced launch of New Fund Offer – HDFC NIFTY Next 50 Index Fund (“the Fund”), for investors looking for returns that are commensurate with the performance of NIFTY Next 50 Index, subject to tracking error. NIFTY Next 50 Index represents 50 companies from NIFTY 100 after excluding the constituents of NIFTY 50 Index. HDFC NIFTY Next 50 Fund is suitable for investors looking for simple yet cost effective way of investing in ‘Next Top 50’ companies on the listed universe of NSE. HDFC NIFTY Next 50 Index Fund is an open-ended scheme replicating/ tracking NIFTY…

22 Oct

PropTiger.com launches mega offline property expo “Right To Home”

editor0 CommentsBusinessPropTiger.com

India’s leading online real estate company PropTiger.com will unveil the gala offline annual property event, ‘Right to Home’, in Kolkata on 23th to 24th October, starting tomorrow onwards. To be held at the Fairfield, the annual event by the REA India-owned company would provide home buyers in the City of Joy a chance to be face to face with prominent developers in India to grab the best festive offers. The two-day event this year will feature housing projects by leading real estate developers in the city, including Godrej, Sriram, Emami, Ambuja, Merlin Siddha, Alcove and Shapoorji, among others. The REA-India-owned…

21 Oct

Vi Business offers Google Workspace

editor0 CommentsBusinessGoogle Cloud India, Vi

Vi Business, the enterprise arm of Vodafone Idea Limited (VIL), has partnered with Google Cloud India to offer collaboration solutions for SMEs and start-ups. Aiding the right balance between business objectives and employee flexibility, Google Workspace will equip Vi Business Plus customers with a set of productivity applications like Google Meet, Gmail, Drive, Sheets, Slides, Docs, and Calendar at no extra cost. The partnership is aimed at facilitating flexibility and connectivity to small businesses and their workforce, in an efficient and secure manner. Starting at a monthly rental of Rs 399, Vi Business Plus customers can mix and match plans…

21 Oct

Tata Motors launches annual customer-engagement program

editor0 CommentsBusiness‘National Customer Care Day’, Tata Motors

India’s largest commercial vehicle manufacturer, Tata Motors will celebrate ‘National Customer Care Day’ on 23 October to commemorate the day when the first truck was rolled out from Tata Motors Jamshedpur plant in 1954. The company will also launch its annual customer-engagement program, the Grahak Samvaad, from 20 to 28 October. The program aims to educate the customers about the company’s innovative service and product offerings. Executives from Tata Motors will interact with customers to collect feedback and understand their expectations, key pain points and suggestions to further streamline its after sales service and improve its product offerings. “Grahak Samvaad…

21 Oct

Schneider Electric bestows the ‘Prerna Award’

editor0 CommentsBusinessSchneider Electric

Schneider Electric, the global leader in energy management and automation, has a strong commitment towards Diversity, Equity and Inclusion. This is driven through a multi-pronged strategy towards education, enablement and action along key pillars of hiring, development, policies & processes, societal impact, and advocacy. Reaffirming its strong commitment towards driving Diversity, Equity and Inclusion, Schneider Electric India presented the 4th edition of the Prerna Awards. Institutionalized in 2015, Prerna Awards recognise and honour courageous women, who have challenged the status quo in society, faced all odds, and have made strong contributions to the society. The awards were preceded by a…