Business

07 Aug

Technology investments improve ICICI Prudential Life’s cost efficiency

Business BureauBusiness

ICICI Prudential Life Insurance’s continued investment in technology and automation is translating into improved operational efficiency and lower costs, underscoring the growing role of digital transformation in enhancing productivity across India’s life insurance sector. The insurer reported that its savings cost-to-premium ratio declined to 13.6 per cent in the first quarter of FY2027, down 50 basis points from a year ago, reflecting gains from technology-led cost optimisation while maintaining business growth. The company attributed the improvement to increased adoption of artificial intelligence, analytics and digital platforms such as ICICI Pru Partner Stack and IPRU Edge, which have streamlined customer acquisition,…

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06 Aug

RBI holds rates steady, flags inflation risks as markets eye October hike

Business BureauBusiness

The Reserve Bank of India (RBI) has kept its key policy rate and monetary policy stance unchanged, a move that was widely anticipated by market participants. While maintaining status quo, the central bank underscored heightened risks on the inflation front, signalling that price pressures remain a key concern for policymakers. Reacting to the monetary policy decision, Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, said the RBI's decision was on expected lines but reflected growing caution over inflation. She said the central bank had highlighted amplified inflation risks and added that Kotak Mahindra Bank expects a cumulative 50 basis points…

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06 Aug

AM/NS India supplies specialised steel for Indian Navy’s newly commissioned INS Malvan

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Arcelor Mittal Nippon Steel India (AM/NS India) has supplied 100 per cent of the specialised naval-grade steel used in the construction of INS Malvan, the Indian Navy’s newly commissioned Anti-Submarine Warfare Shallow Watercraft (ASW-SWC), reinforcing its role in India’s defence manufacturing ecosystem. The vessel, commissioned on July 22 at Karwar in Karnataka, was built by Cochin Shipyard Limited with more than 80 per cent indigenous content under the Government’s Aatmanirbhar Bharat and Viksit Bharat initiatives. The specialised steel was manufactured at AM/NS India’s integrated steelmaking facility in Hazira, Gujarat. The company said it will supply the entire steel requirement for…

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06 Aug

Yezdi launches 2026 motorcycle range, expands dealer network ahead of festive season

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JawaYezdi Motorcycles has unveiled the 2026 Yezdi range, dubbed the "Untamed Trinity", as it kicks off its festive season strategy with a nationwide rollout beginning from Kerala during Onam. The company also announced a major retail expansion, opening more than 20 touchpoints in Kerala and targeting 500 touchpoints across India this year as part of its long-term plan to reach 700 outlets by FY28.The new line-up comprises the Yellow Falcon Adventure, Green Mamba Roadster, and Grey Panther Scrambler, each featuring new colour schemes and rider-focused upgrades. The Adventure model introduces tubeless cross-spoke wheels, a feature widely sought by touring enthusiasts,…

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06 Aug

Odisha AM/NS India Kho Kho centre marks two years with athlete honours, fresh intake

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The Odisha AM/NS India Kho Kho High Performance Centre (KHPC) in Puri celebrated its second anniversary on Wednesday by felicitating athletes for their achievements at national and international competitions while inducting a new batch of players through the Kho Kho Selection Trials 2026. A joint initiative of Arcelor Mittal Nippon Steel India (AM/NS India) and the Government of Odisha, the centre has emerged as a key training hub for Kho Kho talent and officials. Over the past two years, its athletes have competed in more than 30 national, regional and state-level tournaments, winning 48 medals across categories. The centre's trainees…

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05 Aug

Mahindra Launches 2026 Scorpio N Facelift, Adds Level 2 ADAS and Premium Features

sunnyBusiness

Mahindra has officially introduced the 2026 Scorpio N facelift in the Indian market at a starting price of ₹13.69 lakh (ex-showroom). The latest version of the SUV brings a host of technology, comfort and safety upgrades while retaining the design and powertrain of the outgoing model. The exterior of the updated Scorpio N remains largely unchanged, with Mahindra continuing to offer the signature double-barrel LED headlamps, chrome-accented front grille and fog lamp housing. The rear styling has also been carried over, with the most noticeable exterior update being a newly designed set of alloy wheels. Inside the cabin, the SUV…

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05 Aug

RBI Drafts New Lending Rate Norms to Improve Monetary Transmission

nanikaBusiness

The Reserve Bank of India (RBI) has proposed a comprehensive overhaul of the regulatory framework governing interest rates on advances to bring greater transparency and consistency across all regulated entities. Announcing the proposal, RBI Governor Sanjay Malhotra said the initiative aims to harmonise lending rate guidelines while strengthening consumer protection and improving the transmission of monetary policy. According to the RBI, the proposed framework seeks to standardise key operational aspects of the existing Marginal Cost of Funds-Based Lending Rate (MCLR) and External Benchmark Lending Rate (EBLR) systems. It also aims to address divergent market practices related to interest calculation, including…

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05 Aug

Yamaha bets on racing legacy and fresh styling to drive motorcycle sales

Business BureauBusiness

India Yamaha Motor Pvt. Ltd. has strengthened its premium motorcycle portfolio by reintroducing the popular Monster Energy Yamaha MotoGP Edition for the R15 V4 and MT-15 Version 2.0 while expanding the colour range of its FZ series, a move aimed at capitalising on strong customer demand and boosting sales in the performance and premium commuter segments. The company said the return of the MotoGP editions follows sustained demand from enthusiasts for Yamaha's racing-inspired motorcycles. The latest editions feature the brand's signature MotoGP livery across the tank shrouds, fuel tank and side panels, complemented by race-inspired graphics and premium styling elements…

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05 Aug

Tata Motors expands vehicle recycling network with new scrapping facility in Patna

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Tata Motors has strengthened its vehicle recycling network with the inauguration of a new Re.Wi.Re (Recycle With Respect) Registered Vehicle Scrapping Facility (RVSF) in Patna, Bihar. The facility, spread across 5.5 acres and operated by the KalahanuBothra Group, has the capacity to safely dismantle up to 15,000 end-of-life vehicles annually across all brands and segments, including two-wheelers, three-wheelers, passenger vehicles and commercial vehicles. The facility was inaugurated by Bihar Transport Minister DamodarRawat, who said the initiative aligns with the National Vehicle Scrappage Policy and will help phase out old and unfit vehicles scientifically while encouraging owners to shift to safer,…

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05 Aug

ICICI Prudential bets on affordable protection as demand for term insurance evolves

Business BureauBusiness

ICICI Prudential Life Insurance has expanded its protection portfolio with the launch of a 10-year life cover option under its ICICI PruiProtect Smart Plus plan, reflecting the insurance industry's growing focus on affordable and need-based financial protection. The offering is aimed at customers with defined financial obligations such as home loans, children's education goals and business loans, enabling them to secure higher life cover at lower premiums during periods of peak financial responsibility. The plan also includes complimentary health and wellness services worth up to ₹67,100, an instant claims payout of ₹3 lakh and a 100 per cent payout on…

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