Business

27 Jul

ICICI Pru Life’s strong financial performance

Business Correspondent0 CommentsBusiness

ICICI Prudential Life Insurance has posted a strong financial performance for Q1-FY2023. The VNB for Q1-FY2023 grew by 31.6% year-on-year to 4.71 billion. The VNB margin for Q1-FY2023 stood at 31.0%, up from 28.0% for FY2022. Annualised Premium Equivalent grew by 24.7% year-on-year to 15.20 billion in Q1-FY2023. Annuity APE registered a strong growth of 69.0% year-on-year to 0.98 billion in Q1-FY2023. Protection APE grew by 22.2% year-on-year to 3.30 billion in Q1-FY2023. New Business Sum Assured grew by 24.9% year-on-year to 2.21 trillion in Q1-FY2023. The Company’s market share, based on Total New Business Sum Assured, increased from 13.4%…

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27 Jul

Bandhan Bank registers strong business growth in Q1FY23

Business Correspondent0 CommentsBusiness

Bandhan Bank announced its financial results for the first quarter of financial year 2022-23. The Bank’s total business (deposits and advances) grew 20.3% year-on-year to reach around Rs.1,89,707 crore as on June 30, 2022. The Bank serves 2.69 crore customers through 5640 banking outlets across 34 of the 36 states and union territories in India. The total number of employees working at Bandhan Bank stands at 61,247. During the first quarter of the current financial year, the Bank’s deposit book grew 20% over the corresponding quarter of the previous year. The total deposits now stand at Rs.93,057 crore. In this…

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27 Jul

Samsung Solve for Tomorrow – an Innovation Competition

Business Correspondent0 CommentsBusiness

Over 10,000 youth from across towns, cities and rural India have already registered for Samsung’s Solve for Tomorrow innovation and education program, showcasing the growing desire among Indian youth to find innovative technology solutions to solve real-world problems. At road shows that Samsung conducted in cities such as Bengaluru, Hyderabad, Delhi, Guwahati and Bhubaneswar, young students said they want to solve problems around safe collection of waste for recycling, job security for daily wagers, language barriers that young students from remote areas face during e-learning, safe disposal of sanitary napkins, mental health of school students, reusing agricultural waste as well…

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27 Jul

Global Unveil of Maruti Suzuki Grand Vitara

Business Correspondent0 CommentsBusiness

Maruti Suzuki is celebrating NEXA’s 7th anniversary by unveiling its game-changer SUV, The Grand Vitara. Grand Vitara is the latest entrant in the NEXA portfolio to feature its signature design language, ‘Crafted Futurism’. A work of art inspired by the future, the design language is exclusively crafted to match the refined tastes of NEXA customers. The Grand Vitara is a multi-product offering that is set to disrupt the SUV market in the country. Featuring NEXA’s signature design language– Crafted Futurism, the premium SUV features a distinct exterior design, sophisticated interiors, segment-leading features and an industry redefining fuel-efficiency powered by its…

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27 Jul

10,000 cleft surgeries under Smile Train Cleft Program

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Ashraya Hastha Trust a Bangalore based charitable organization have announced a five-year partnership with an aim to boost the cleft care ecosystem in India. The partnership will focus on supporting cleft treatment in the seven identified states include Madhya Pradesh, Bihar, Assam, Meghalaya, Arunachal Pradesh, Uttarakhand and Jammu & Kashmir, while also strengthening safety and best practices in cleft care. In India, an estimated 35,000 babies are born with a cleft lip and/or palate every year, and hundreds of thousands of children with untreated clefts live in isolation and face difficulties with eating, breathing, hearing and speaking. Ashraya Hastha Trust…

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27 Jul

10,000 cleft surgeries under Smile Train Cleft Program

Business Correspondent0 CommentsBusiness

Ashraya Hastha Trust, a Bangalore based charitable organization funded by Infosys’ Co-Founder K. Dinesh and his family and Smile Train India, the country’s largest cleft focused NGO have announced a five-year partnership with an aim to boost the cleft care ecosystem in India. The partnership will focus on supporting cleft treatment in the seven identified states, while also strengthening safety and best practices in cleft care. Ashraya Hastha Trust will support 10,000 cleft surgeries, five capacity building trainings and safety medical equipment at Smile Train treatment centers across seven states to include Madhya Pradesh, Bihar, Assam, Meghalaya, Arunachal Pradesh, Uttarakhand…

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27 Jul

Ashraya Hastha Trust to support 10,000 cleft surgeries

Business Correspondent0 CommentsBusiness

Ashraya Hastha Trust a Bangalore based charitable organization have announced a five-year partnership with an aim to boost the cleft care ecosystem in India. Ashraya Hastha Trust will support 10,000 cleft surgeries, five capacity building trainings and safety medical equipment at Smile Train treatment centers across seven states to include Madhya Pradesh, Bihar, Assam, Meghalaya, Arunachal Pradesh, Uttarakhand and Jammu & Kashmir. Ashraya Hastha Trust is funded by Infosys’ Co-Founder K. Dinesh and his family and Smile Train India, the country’s largest cleft focused NGO. All cleft surgeries at the Smile Train Cleft Program at Srishti Hospitals & Research Centre,…

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27 Jul

Godrej Magic Bodywash – India’s First Ready-To-Mix Bodywash

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Godrej Consumer Products Limited (GCPL), unveiled Godrej Magic Bodywash, India’s first ready-to-mix bodywash at just INR.45. This innovation encourages the habit of reuse and reduce wastage. Actor Shah Rukh Khan has been roped in as the brand ambassador for Godrej Magic Bodywash and will feature in a mass awareness campaign. India generates 3.5 million tonnes of plastic waste annually. Skin and body care products contain high water content. Godrej Magic Bodywash requires just 16% of the plastic in packaging and only 19% of the energy to manufacture, and just 10% of the total energy required to make a soap bar.…

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27 Jul

PwC India Foundation continues to support young girls

Business Correspondent0 CommentsBusiness

PwC India Foundation has been supporting project Nanhi Kali since 2019, with the objective of empowering 500 underserved schoolgirls in Darjeeling. The project is jointly managed by the K.C. Mahindra Education Trust and the Naandi Foundation. Every year, PwCIF distributes kits for the young girls involved in the project. This year, Satyavati Berera, Chief Operations Officer, PwC India, joined PwCIF in Kalimpong for a ceremony to hand over the kits which contained school bags, stationery, a pullover/raincoat and menstrual hygiene products. Through this initiative, PwC reaches out to students from standards 1 to 5, most of whom are first-generation learners…

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26 Jul

LPU Graduate Gets Rs Three Crore Package

editor0 CommentsBusiness, Education

By getting a grand placement package of INR three Crore, LPU category of 2018 passout Yasir M. has created a new placement record. Hailing from Kerala, Yasir, a B.Tech. CSE graduate from Lovely Professional University, will be working for a world-renowned multinational company, which has contributed notably to the world at some point of the pandemic, at a whopping package of Rs. three crores. He did now not pursue any other degree after graduating from LPU and attributes this success to the robust fundamentals he acquired while analyzing at the LPU campus. While at LPU, he emerged as a vivid…

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