Business

29 Jul

Tata AIA tops India in MDRT rankings for 3rd year, rises to 4th globally

Business BureauBusiness

Tata AIA Life Insurance has once again secured the top spot in India for the highest number of Million Dollar Round Table (MDRT) members, achieving this milestone for the third consecutive year. The company has also climbed to the 4th position globally, up from 6th last year, with a record 2,871 MDRT-qualified advisors — an 11% increase from 2024. Notably, Tata AIA also ranked 7th worldwide for women MDRT members, with 1,343 female advisors — an 8.5% rise — reflecting the company’s strong focus on gender inclusion and diversity in the financial advisory sector. The MDRT qualification is globally recognized…

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28 Jul

Gold futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Gold prices rose by Rs 206 to Rs 98,025 per 10 grams in futures trade on Monday as speculators created fresh deals due to strong spot demand. At the Multi Commodity Exchange, the price of gold contracts for August delivery rose by Rs 206, or 0.21 percent, to Rs 98,025 per 10 grams in a business turnover of 5,831 lots. Analysts said fresh buying by participants led to the rise in gold prices. Globally, gold futures in New York rose 0.14 percent to $3,397.30 an ounce.

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28 Jul

AM/NS India secures landmark license for steel slag roads, pioneers waste-to-wealth in infrastructure

Business BureauBusiness

ArcelorMittal Nippon Steel India (AM/NS India) has become the first company in the country to secure a license from CSIR–Central Road Research Institute (CRRI) for a breakthrough technology that processes steel slag aggregates for road construction. The license, issued under the Ministry of Science & Technology, empowers AM/NS India to apply the CSIR-CRRI’s scientifically validated method at its Hazira, Gujarat plant. This strategic move aligns with the government’s ‘Waste to Wealth’ vision and supports India’s net-zero goals by promoting circular economy practices. AM/NS India’s specially designed product, ‘AM/NS Aakar’, already meets CRRI’s stringent quality standards and has been used in…

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28 Jul

MakeMyTrip launches global tours booking platform to simplify overseas travel for Indians

Business BureauBusiness

MakeMyTrip, India’s leading online travel platform, has launched its new Tours and Attractions Booking Platform, giving Indian travellers access to over 200,000 experiences in 1,100 cities across 130 countries. The platform offers a wide array of bookable global activities — from cultural tours and theme parks to adventure sports and iconic landmarks. The new offering addresses a long-standing pain point for outbound Indian tourists: fragmented booking tools, foreign currency hassles, and scattered information. With INR pricing, seamless integration into the ‘MyTrips’ section, and 24/7 assistance, the platform ensures a unified travel planning experience. “This launch aligns with our vision of…

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28 Jul

Honda drives road safety awareness among 2,300 students in Contai schools

Business BureauBusiness

Honda Motorcycle & Scooter India (HMSI) conducted a large-scale educational campaign at Narayana School and Contai Public School in Contai, West Bengal. The initiative reached over 2,300 students and staff members, aiming to instill a sense of responsibility and safety among the region’s future road users. As two-wheeler usage surges across India, HMSI’s interactive sessions covered critical aspects like helmet usage, situational awareness, and safe driving behavior. With trained instructors leading the charge, the campaign combined theory with practical learning using simulators and danger prediction training (Kiken Yosoku Training), making road safety both engaging and impactful. The Contai market responded…

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26 Jul

SBI Cards Q1 results: Net profit decrease 6%, revenue rises 12%; asset quality stable

Business CorrespondentBusiness, News

SBI Cards on Friday, July 25, reported a net profit of ₹556 crore for the current financial year (Q1 FY26), down 6.4% from ₹594 crore in the same period last year. SBI Cards' total income from operations rose 12% to ₹4,877 crore as against ₹3,683 crore in the same period a year ago. The company's interest income grew 11% year-on-year to ₹2,493 crore and income from fees and commissions grew 14% to ₹2,191 crore. The company's cards-in-force (CIF), i.e. the total number of credit and debit cards currently active and being used by cardholders at a financial institution, grew 10%…

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25 Jul

Coriander futures prices increase on higher demand

Business CorrespondentBusiness, News

New Delhi: Coriander prices rose by Rs 30 to Rs 7,670 per quintal in futures trade on Friday as speculators raised their bets in anticipation of a firm trend in the spot market. At the NCDEX, coriander contracts for August delivery rose by Rs 30, or 0.39 percent, to Rs 7,670 per quintal in a business turnover of 14,710 lots. Market analysts said coriander prices rose on a firm trend in the spot market and restricted supplies from producing regions.

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25 Jul

Ujjivan SFB Q1 net rises 24% QoQ to Rs 103 cr; secured loan share jumps to 46%

Business BureauBusiness

Ujjivan Small Finance Bank reported a net profit of ₹103 crore for Q1FY26, marking a 24% quarter-on-quarter rise, driven by strong secured loan growth and stable asset quality. The bank’s gross loan book stood at ₹33,287 crore, up 11% year-on-year, with secured loans growing 63% YoY to ₹15,162 crore—constituting 46% of the total book. Total disbursements for the quarter reached ₹6,539 crore, up 24% YoY, while deposits grew to ₹38,619 crore, reflecting a 19% annual growth. CASA deposits rose 13% YoY to ₹9,381 crore. The bank's RoA and RoE improved to 0.8% and 6.7% respectively. Collection efficiency remained high at…

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24 Jul

Gold futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi, Gold prices rose marginally to Rs 1,00,330 per 10 grams in futures trade on Wednesday as speculators created new deals due to strong spot demand. Gold contracts for August delivery rose by Rs 1 to Rs 1,00,330 per 10 grams on the Multi Commodity Exchange, with 16,073 lots traded. Analysts said gold prices rose as participants created new deals. Globally, gold futures in New York fell 0.11 percent to $3,427.74 an ounce.

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24 Jul

For the West Bengal market, ITC Mangaldeep introduces new variants of Anushri

Business BureauBusiness

ITC Mangaldeep, one of India’s leading incense brands, has unveiled refreshed and new variants of its popular Anushri agarbatti line, specifically tailored for the West Bengal market. The launch event, held in Kolkata, brought together over 100 key trade partners, underscoring the brand’s growing reach and strong regional partnerships. The revamped Anushri Yellow pack now features a new fragrance, while two new variants—Lily Blossom and Deluxe—have been introduced to cater to evolving consumer preferences. To enhance value, ITC Mangaldeep has added 20% extra sticks per pack, offering 60 sticks to meet monthly devotional needs. “Anushri has been a cornerstone of…

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