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Bajaj Allianz Life logs Rs 457cr net for 9 months

Feb 24, 2024

Chennai, Feb 23 (IANS) Private life insurer Bajaj Allianz Life Insurance Company Ltd on Friday said it had earned a net profit of Rs 457 crore and earned a gross premium of about Rs 14,860 crore for the nine-month period ended December 31, 2023. According to Bajaj Allianz Life Insurance, the gross premium for the period under review stood at Rs…

India to power Apple’s growth over the next decade: Industry analysts

Feb 23, 2024

New Delhi, Feb 23 (IANS) There has been a strong impetus for high-tech electronic manufacturing in India and the country will power tech giant Apple’s growth over the next decade, industry analysts said on Friday. Apple's revenue in India…

Business

NTPC’s first solar project begins commercial ops

Feb 23, 2024

New Delhi, Feb 23 (IANS) The first solar project of NTPC Renewable Energy Ltd. (NTPC-REL) at Chhattargarh in Rajasthan has started commercial operations of 70 MW capacity, according to an official statement issued on Friday. The slated…

Business

Gurugram civic body to seal tax defaulter’s property

Feb 23, 2024

Gurugram, Feb 23 (IANS) The Municipal Corporation of Gurugram (MCG) has launched a drive against those who have not paid property tax for a long period, officials said on Friday.Under the campaign, the civic body's taxation wing will…

Business

RBI asks NPCI to ensure seamless migration for UPI users of Paytm Payments Bank

Feb 23, 2024

New Delhi, Feb 23 (IANS) The Reserve Bank of India (RBI) on Friday asked the National Payments Corporation of India (NPCI) to ensure alternative arrangements for customers using the Unified Payments Interface of Paytm Payments Bank Ltd…

Business

Low turnout at investors’ EGM, any resolution unenforceable, claims Byju’s

Feb 23, 2024

New Delhi, Feb 23 (IANS) Embattled edtech major Byju’s on Friday claimed that the resolutions passed during the investors' extraordinary general meeting (EGM) are "invalid and ineffective" and the passing of the "unenforceable resolutions"…

National

BHARAT TEX 2024 to be India’s Largest Global Textiles Mega Event: Textile Secretary

Feb 23, 2024

With over 22 lakh sq ft exhibition area spread across 2 venues at Bharat Mandapam and Yashobhoomi, participation of buyers from 100 countries and over 100 international speakers, Bharat Tex is set to be India’s largest Global Textile Event.…

Business

Nifty closes at day’s low on profit booking

Feb 23, 2024

Mumbai, Feb 23 (IANS) Nifty opened higher but failed to sustain the morning momentum, leading to a closing at the day's low due to profit booking on Friday, said Rupak De, Senior Technical Analyst at LKP Securities.The Nifty 50 closed at…

Business

Apple’s India revenue up 42% to $8.7 bn in 2023: Morgan Stanley

Feb 23, 2024

New Delhi, Feb 23 (IANS) Apple's revenue in India rose nearly 42 per cent (on-year) last year to $8.7 billion, foreign brokerage Morgan Stanley said in a report on Friday. According to the report, iPhone shipments grew about 39 per cent to…

Business

Bank deposits losing attractiveness as govt savings schemes see strong growth

Feb 23, 2024

New Delhi, Feb 23 (IANS) Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as it loses its attractiveness.It has cited head winds like strained financial savings, the rise of alternatives such…

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