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  • PMJAY Document required: Your Ayushman card will not be made without this document, apply immediately

    Ayushman Card Document: Under the Ayushman scheme, beneficiaries are given main treatment up to Rs 5 lakh. But this document is required to get the Ayushman card made. Without this, the card will not be made.

    Health is a very important part of everyone’s life. Everyone is very conscious about their health. But it is impossible to tell when a disease or accident may occur. That is why many people also take health insurance. Because people spend a lot of money on treatment. But when there is health insurance, people do not have to worry.

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    Not everyone in India has the money to buy health insurance. The Government of India helps such people. For this, the government has started the Ayushman Bharat scheme in the year 2018.Under this scheme, beneficiaries are given main treatment up to Rs 5 lakh. This document is required to get Ayushman card made under the scheme.

    To apply for the scheme, the beneficiaries must have a government issued identity card. If you do not have it, you will not be able to apply for the scheme. If you want to apply for the scheme, you can go to the Common Service Centre with all the necessary documents including your identity card and apply.

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  • kpil awarded new orders of INR 1,241 crores

    Mumbai , Tuesday, 01 October 2024: Kalpataru Projects International Limited (KPIL), one of the largest Engineering & Construction companies listed in India, have secured new orders/notification of awards of ₹ 1,241 Crores.

    The details of the aforesaid new orders are as follows:

    · Orders in the Transmission & Distribution (T&D) business in India and overseas market

    · Residential and Commercial Building projects in India

    Manish Mohnot, MD & CEO, KPIL, said, “We are happy with the robust ordering momentum. These new orders has further strengthen our order book with YTD order inflows reaching over ₹ 11,000 Crores. More importantly, nearly 80-85% of the new order inflows including L1 are from our Transmission & Distribution (T&D) and Buildings and Factories (B&F) business, which gives us good confidence to deliver sustainable growth and profitably on back of our robust capabilities, strong track record and leading market position in these businesses.”


    Mansi Praharaj

  • A Premium Experience That Makes Full Galaxy AI Capabilities Attainable for More Users

    Galaxy S24 Series Expands With S24 FE: A Premium Experience That Makes Full Galaxy AI Capabilities Attainable for More UsersBengaluru, India 01st October, 2024: Samsung Electronics today unveiled the Galaxy S24 FE, the latest addition to the Galaxy AI ecosystem that delivers premium mobile experiences to more users.

    Powered by the AI-based ProVisual Engine and Galaxy AI’s Photo Assist features, Galaxy S24 FE showcases an enhanced camera setup that empowers users to be more creative. It’s the perfect device for gaming on the go with a 6.7-inch Dynamic AMOLED 2X display, a long-lasting 4,700mAh battery and a powerful Exynos 2400 series chipset. The Galaxy S24 FE offers premium Galaxy AI tools and ecosystem connectivity to enhance communication, productivity and creativity — all housed in an iconic design and protected by robust Samsung Knox security.

    “We want everyone to enjoy all the benefits of our latest mobile innovations,” said SeaYoung Lee, Corporate EVP and Head of the Smartphone Research and Development team at Samsung Electronics. “Galaxy AI opens so many new experiences for users, helping them communicate, and be more creative and productive. Galaxy S24 FE makes the powerful performance and premium Galaxy AI capabilities of the S24 series available to even more people.”

    Unlock Creativity With AI-Enhanced Camera and Editing

    Galaxy S24 FE makes it easy for anyone to shoot stunning photos and videos. Its premium camera setup features a 50MP wide lens and 8MP telephoto lens with 3x optical zoom — both supported by optical image stabilization (OIS) — plus a 12MP ultra-wide lens and a 10MP selfie camera.

    The camera system’s capabilities are further elevated by Samsung’s dynamic ProVisual Engine, an AI-driven camera engine that takes visual quality to incredible heights. Making its debut in the FE series, ProVisual Engine features vastly improved technology that leverages advanced AI algorithms to deliver breathtaking detail and remarkably subtle textures:

    • Nightography with AI image signal processing (ISP) to improve low light performance, enabling beautiful night portraits
    • Works with the wide camera’s 50MP Adaptive Pixel Sensor to enable optical-quality performance at zoom levels from 2x in addition to the optical 3x zoom. AI zoom also provides the enhanced image quality at distances between digital zoom lengths.
    • Object-Aware Engine to recognize scenes and optimize colors in Super High Dynamic Range (HDR), ensuring vibrant and lifelike photos and videos

    When it is time to edit, Photo Assist features breathe life into ideas. Since its introduction with the Galaxy S24 series devices, Galaxy AI has become invaluable for editing images and expressing creativity:

    • Generative Edit reassembles the world through object moving and removal capabilities, allowing more creative freedom
    • Portrait Studio reimagines selfies as cartoons, comics, watercolor paintings, or sketches to add flair to online profiles
    • Edit Suggestions quickly remove pesky flaws, such as reflections, with the press of a button
    • Instant Slow-mo immortalizes every second of life’s important moments in a snap

    The powerful Exynos 2400 series chipset enables an uncompromised gaming experience compatible with cutting-edge features such as Ray Tracing. In the world where every bit of speed and efficiency counts, the Galaxy S24 FE utilizes several key features to stay ahead of the competition:

    • A 1x larger vapor chamber improves cooling to maintain peak performance for longer durations
    • A bigger 4,700mAh battery allows for long, worry-free gaming sessions
    • A 7-inch adaptive Dynamic AMOLED 2X display — the largest display ever used in the FE series — with a up to 120Hz refresh rate provides a smooth and stunning viewing experience
    • Vision Booster optimizes color and contrast for clear and comfortable gaming even in sunlight
      Seamless Galaxy AI Experiences

    The Galaxy S24 FE incorporates the same advanced AI experience as the Galaxy S24 series. Designed to enhance work, simplify communication and increase connectivity, Galaxy AI on the S24 FE offers tools that unlock new possibilities:

    • Circle to Search with Google satisfies curiosity with unprecedented ease by offering instant search results with just a long press of the home button and circle
    • Interpreter instantly translates in-person conversations, lectures, or any other type of presentations, even when offline
    • Live Translate breaks down communication barriers on phone calls and is now being extended to a selection of popular third-party apps
    • Composer from Samsung Keyboard generates suggested text based on simple keywords for email and supported social media apps
    • Note Assist streamlines the note-taking process and automates formatting and translation. In Samsung Notes, you can get transcription, translation and summarizing of voice recordings directly. Texts in PDF files also can be translated and overlaid through PDF overlay translation

    Connecting and Securing the Samsung Galaxy Ecosystem

    Every Galaxy AI-enhanced experience becomes even more useful when the Galaxy S24 FE is connected to Samsung’s expansive mobile ecosystem. It seamlessly transfers files, quickly sets up extended displays and effortlessly executes complex creative ideas through intuitive inputs. In this hyper-connected Samsung Galaxy ecosystem, Galaxy S24 FE enables experiences that increase productivity, creativity and efficiency.

    Building on the innovative legacy of the S series, the Galaxy S24 FE is fortified with strong security. Samsung Knox, Galaxy’s multi-layer security platform that safeguards critical information and protects against vulnerabilities with end-to-end secure hardware, real-time threat detection and collaborative protection.

    As a continuation of the S24 series tradition of sustainable design, the Galaxy S24 FE has been made to do more with less when it comes to the planet’s resources. It features a wide variety of recycled materials, including recycled plastics, aluminum, glass and rare earth elements in both internal and external components. It also features seven generations of OS upgrades and seven years of security updates, and comes in a packaging box made from 100% recycled paper material.

    The Galaxy S24 FE will be available for order starting October 3, in the Blue, Graphite, Gray, Mint and Yellow colors.


    Mansi Praharaj

  • Bank of Baroda Organises Nationwide Cleanliness Drive as a part of ‘Swachhata Hi Seva’ 2024

    Bank of Baroda Organises Nationwide Cleanliness Drive as a part of ‘Swachhata Hi Seva’ 2024Mumbai, 01st October 2024: Government of India is observing ‘Swachhata Hi Seva’ 2024 campaign with theme “Swabhav Swachhata – Sanskar Swachhata” from 14th September to 1st October 2024 as a prelude to Swachh Bharat Diwas 2024 on 2nd October, 2024.

    Campaign is aimed to promote cleanliness with a particular emphasis on transforming difficult & dirty spots – Cleanliness Target Units (CTUs), reaffirming its commitment to contributing to a cleaner and greener environment. As a part of this nationwide campaign, the Bank of Baroda is organizing a series of plantation drives, walkathons and health & welfare camps for safai mitras, recognizing their invaluable contributions at its offices and branches across the country.

    As part of Bank’s commitment towards “Sampoorna Swachhata through Shramdaan” Bank is undertaking cleanliness drive across the country.

    During the said campaign Bank is arranging “SafaiMitra Suraksha Shivir” for single window health and welfare camps for preventive health care pan India. Bank organised a free Health Check-up Camp for sanitation workers at its Corporate Office in Mumbai.

    Shri Debadatta Chand, Managing Director & CEO of Bank of Baroda; Executive Directors Shri Lal Singh & Smt. Beena Vaheed, Chief Vigilance Officer, Shri Surendra Kumar Dixit, along with other senior executives and staff members started “Swabhav Swachhata – Sanskar Swachhata” campaign at Mumbai.

    As part of recognition for the contribution of sanitation workers towards “Sampoorna Swachhata” Bank felicitated team of the Solid Waste Management Department, Brihanmumbai Municipal Corporation (BMC), Mumbai.


    Mansi Praharaj

  • SEBI changed the rules for nomination in mutual funds and demat accounts

    SEBI changed the rules for nomination in mutual funds and demat accounts in the board meeting on September 30. Earlier, only 3 people were allowed to be nominated. Now an investor can appoint up to 10 nominees. The nominee has also been allowed to take decisions on behalf of incapacitated investors.

    SEBI has made changes in the nomination rules for mutual funds and demat accounts. This decision was taken in the meeting of SEBI’s board on 30 September. Now investors are allowed to make up to 10 nominees in mutual funds and demat accounts. The question is, aren’t 10 nominees too many? Experts say that this can complicate things. Some experts are calling it impractical. They believe that this can make things difficult instead of making things easier.

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    Too many nominees can cause problems

    Rajat Dutta, founder of Inheritance Needs Services, said that if one or say 10 nominees do not cooperate in implementing the terms of the will after the death of the investor, then it can create problems. SEBI has also said that the nominees of MF accounts or demat accounts will be the trustees and not the last owner. The Supreme Court had said this in its decision in a recent case. According to SEBI, the legal heir of the deceased will not get any legal rights.

    Nominee has the right to take decisions on behalf of the incapacitated investor

    SEBI has allowed the nominee to take decisions on behalf of incapacitated investors. However, some terms and conditions have been attached to it. Experts say that this is not the right step and it will not stand the scrutiny of the court. More information is still awaited in this regard. The role of a nominee begins when the investor dies. After the death of the investor, the bank, mutual fund or depository participant gives the ownership of the asset to the nominee, because as a trustee his role is that of a beneficiary.

    Fraud cases may increase due to new rules

    After getting the right to the assets, the nominee is expected to pass on the assets to the rightful heir as per the succession law or as per the will. Dutt says that SEBI has given the nominee the right to take decisions on behalf of the incapacitated investor, which can lead to fraud. This step is not in the interest of Indians who live abroad. There are many Indians living abroad whose parents or siblings live in India.

    Signatures of joint holders are not required to add the name of the nominee

    The rules for adding or changing the name of the nominee in the mutual fund folio have now become easier. For this, the signatures of the joint holders will no longer be required. This has increased the risk of fraud. Suppose an elderly woman lives alone in a city and the responsibility of taking care of her is on the caregiver. Her children live in another city. In such a situation, the caregiver can add his name as a nominee and withdraw the money.

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  • Innogress – IIT Gandhinagar Partners To Setup Quantum Tech. Park

    Ahmedabad, India 01st October 2024: Great moment to share that when Govt. of India backed National Quantum Mission (NQM) is progressing towards establishing four Quantum T (Thematic)-Hubs at various IITs/eminent institutions of India, Innogress, promoter of India’s first Quantum Tech. Park-GKQCTP (Greater Karnavati Quantum Computing Tech. Park), has partnered with IIT (Indian Institute of Technology) Gandhinagar to collaborate for developing futuristic technologies, including Quantum Technology ecosystem in India. A partnership MoU has been signed recently between Innogress Ventures and IIT Gandhinagar at Gandhinagar, Gujarat under which IIT Gandhinagar and Innogress shall be collaborating for setting up the proposed Quantum Technology Park, GKQCTP at Gujarat, which shall be incubated at IIT Gandhinagar.

    In addition, Innogress, its startup partners and IIT Gandhinagar also jointly participating in the National Quantum Mission (NQM) of Govt of India by jointly submitting innovative quantum technology development proposals.

    Commenting on the recent partnership of Innogress with IIT Gn Founder Director of Innogress Ventures, Mr Sumant Parimal said “Since we announced our plan to set up a Quantum Technology Park, GKQCTP, at Gujarat in last Vibrant Gujarat, we are in touch with IIT Gandhinagar, and getting consistent mentorship and support of its Director, Prof Rajat Moona and other faculties, now through our recent MoU we have formalized our partnership for jointly working towards development of emerging technologies ecosystems including Quantum Technology in India. Under this MoU we have envisaged strategic role of IIT Gandhinagar as key partner cum co-promoter for developing our proposed Quantum Technology Park, Greater Karnavati Quantum Computing Tech. Park, at Gujarat”.

    “Innogress, its startup partners and IIT Gn are also jointly participating in the prestigious NQM (National Quantum Mission) of Govt of India to collaborate for development of various Quantum Tech products, solutions, services and use cases. These products/solutions and various initial facilities proposed under the Quantum Tech. Park shall be incubated at IIT Gandhinagar as per our proposed plan” Mr Sumant Parimal said further.

    Key architect of this partnership between Innogress and IIT Gandhinagar, Mr Jai Shankar Sharma, who is mentoring and advising Innogress and also mentors IIT Kanpur’s Alumni Association, has hailed strategic role of IIT Gandhinagar in developing various indigenous Quantum Tech. solutions and use cases in collaboration with industry partners like Innogress, Qnu, SQube-Tabor, under visionary tech leadership of Director Dr Rajat Moona.

    “IIT Gandhinagar under visionary leadership of Dr Raja Moona is poised to deliver pioneering innovations in fast emerging Quantum technology. We are looking forward establishing IIT Gn as incubation hub for many innovative Quantum Tech products, solutions, use cases, services and processes for developing quantum technology for adoption in strategic sectors and critical missions of India like Gati Shakti Master Plan, Quantum Communication Satellite of ISRO, Defence/DRDO, DoT, life sciences and finance. And this partnership with Innogress shall enable large scale productization and commercialization of Quantum tech innovations getting incubated at IIT Gandhinagar” Mr. Jai Shanar Sharma said.

    Innogress partners, Qnu and S-Qube-Tabor also signed partnership MoU with IIT Gandhinagar for jointly working on various Quantum Tech solutions.

    Prof Amit Prashant, Dean of R&D, Prof Shanmuganathan Raman, Prof Anagh Bhaumik of IIT Gandhinagar were present during MoU exchange event along with Mr Sumant Parimal of Innogress and Ms Shweta Patel of S-Qube-Tabor, with other team members. Team also met Director of IIT Gandhinagar Prof Rajat Moona and updated him on ongoing and planned collaboration activities.


    Mansi Praharaj

  • Iceberg, India’s first organic ice cream brand is in an expansion mode

    Iceberg, India’s first organic ice cream brand is in an expansion modeHyderabad, October 01, 2024: Iceberg, India’s first organic ice cream brand and Telugu state’s homegrown decade-old product chalked out its ambitious expansion plans.

    Launched a Premium Brand ‘Organic Creamery’ in a press conference held on Tuesday in a city hotel.

    Planning to open a state-of-the-art, company-owned 73rd outlet in Kavuri Hills on Road No 36 this Dussehra. The store is being set up at an investment of INR 70 lakh. The company made a humble beginning in 2013 in Nellore from a small 200 sft outlet with outsourced material, steadily progressed and became a major brand to reckon with.

    64 out of 72 outlets are franchised and 8 company owned and the coming new outlet will be its 9th.

    Based in Hyderabad, it has manufacturing at Nellore. Currently, the company has a presence in 7 states—Andhra Pradesh, Telangana, Karnataka, Maharashtra, Gujarat, Rajasthan, and Goa. The turnover of the company is INR 14 crores. It provides direct employment to 100 people and indirectly to 350. It’s operating philosophy is to stay small and think big. It chalked out its ambitious growth plans to be a 100-crore company by the end of FY 2026.

    Iceberg is one of the well-known brands in a Rs 20,000 crore crowded Telugu states market that has the presence of over ten brands.

    Our growth will come from existing as well as 25 more new outlets—15 in 2025 in Hyderabad and 10 in 2026 elsewhere, which will come up in the next two years disclosed Dr Suhas B Shetty, Founder & CEO of RS Business Ventures LLP, who owns the brand, while addressing the media in Hyderabad on Tuesday.

    We will pump in about INR 11 crores on the expansion of the new outlets. The business models we are aiming for in our future growth plans are both—fully company-owned as well as franchised but operated by the company, Suhas added. We have a steady demand for franchise opportunities and we would not only like to explore but would like to make ambitious and aspiring IcePreneurs become part of our growth story, he added.

    The brand shot into fame for its innovative products and unique approaches. It participated in “Shark Tank India” Season 3 and has the unique distinction of being the first-ever company from AP to have participated. It owns a unique solar-powered manufacturing facility situated on two acre premises at Nellore in Andhra Pradesh with a manufacturing capacity of 12500 litres, further expandable up to 25000 litres.

    It has the unique distinction of being India’s first organic ice cream brand. It offers more than 36 flavours. It constantly innovates and introduces new products.

    The strong forte of the brand is its R&D. Suhas, the 34-year-old founder, and first-generation entrepreneur, known as ‘IcePreneur’, has a doctorate in Pharmacy and carries a legacy of research and health-friendly products.

    It was one of the early players to introduce Keto Ice Cream. And bagged orders to supply these products to Hritik Roshan Co-owned HRX Fitness brand.

    It has been giving tough competition to existing brands. It developed innovative flavours like charcoal, malai khurma, and gulab jamun among many others.


    Mansi Praharaj

  • SBI’s SBI Amrit Kalash & Amrit Vrishti Yojana has been extended to 31 March 2025

    SBI Bank : The country’s largest public sector bank, State Bank of India (SBI), has given a gift to its crores of customers. The government bank has extended the investment deadline in its 2 schemes.

    Recently, SBI has launched the Amrit Vrishti Yojana, in which the investment deadline has been extended to 31 March 2025. Apart from this, the investment period in SBI’s SBI Amrit Kalash Yojana has also been extended to 31 March 2025. Earlier the investment deadline in this scheme was 30 September. Know the advantages and disadvantages of both the schemes here.

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    7.60% interest is available on SBI Amrit Kalash

    Amrit Kalash Yojana of the country’s largest public sector bank SBI is a special FD scheme. The last date to invest in it was 30 September 2024, which has been extended to 31 March 2025. The bank is giving 7.10% interest on this. Senior citizens are getting 7.60 percent interest on this scheme. This is a special scheme of SBI in which more interest is being given than normal FD in 400 days.

    According to the bank’s website, anyone can invest in Amrit Kalash Special Scheme with a period of 400 days and get guaranteed returns. According to SBI Bank, investors of Amrit Kalash FD can get monthly, quarterly and half-yearly interest payments. According to the SBI website, on premature withdrawal of money in Amrit Kalash FD before 400 days of FD, the bank can deduct 0.50% to 1% less interest rate than the applicable rate as a penalty.

    SBI ‘Amrit Vrishti’ FD Scheme

    State Bank of India (SBI) has launched a special FD. The name of this new scheme of SBI is ‘Amrit Vrishti’. The new scheme has come into effect from 15 July 2024. Amrit Vrishti Yojana is offering an annual interest rate of 7.25% on deposits of 444 days. Apart from this, SBI will also give an additional 0.50% interest to senior citizens. Senior citizens are getting maximum interest. This special FD can be booked through bank branch, internet banking and YONO channel. You can invest up to Rs 3 crore in this FD. Investment can also be made in this scheme till 25 March 2025.

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  • Indian Stock Exchanges Revise Transaction Fees and TDS Rates [Details Here]

    Revised transaction fee on stock exchanges, TDS rates come into effect

    IANS

    The Indian stock exchanges, specifically the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), have announced a significant revision in their transaction fees for cash and futures and options trading. This change, which came into effect on October 1, 2024, is part of a broader set of fiscal measures introduced by the government in the Union Budget. The new transaction fee for the cash market on the NSE is now Rs 2.97 per lakh of traded value. For equity futures, the fee has been set at Rs 1.73 per lakh of traded value.

    The fee for equity options will be Rs 35.03 per lakh of premium value. In the currency derivatives segment, futures will incur a fee of Rs 0.35 per lakh of traded value. Options, which include interest rate options, will have a fee of Rs 31.10 per lakh of premium value. These changes reflect a broader shift in the Indian stock market as the NSE and BSE update their transaction fee structures. This shift follows a directive from the Securities and Exchange Board of India (SEBI), which mandated a uniform flat fee structure for all members of market infrastructure institutions.

    This uniform fee structure aims to eliminate disparities that existed under the previous slab-wise system, which often favored larger players with higher trading volumes. In addition to the revised transaction fees, the government has also announced changes to the Tax Deducted at Source (TDS) rates. From October 1, 2024, a 10 per cent TDS rate applies to certain Central and state government bonds, including floating rate bonds, with a threshold limit of Rs 10,000 above which the tax is deducted.

    Stock Market In The World

    IANS

    This change is expected to impact investors who hold these bonds. Furthermore, the TDS on rent payment by Hindu Undivided Families (HUF) or certain individuals has been reduced to 2 per cent from the previous rate of 5 per cent. This reduction is expected to provide some relief to these taxpayers. Similarly, under Section 194G, the commission on the sale of lottery tickets has been lowered to 2 per cent from 5 per cent.

    In the Union Budget, the government had announced an increase in the securities transaction tax (STT) on Futures and Options of securities to 0.02 per cent and 0.1 per cent, respectively. This increase is expected to impact traders who deal in these financial instruments. Zerodha, India’s largest brokerage firm, has announced that there will be no changes to its equity delivery charges, continuing to offer this service free of cost.

    However, starting October 1, 2024, notable adjustments will be implemented in the charges for options and futures trading. For options trading, the Securities Transaction Tax (STT) has increased from 0.0625% to 0.1%. Simultaneously, the transaction charge has decreased from 0.0495% to 0.035%. Zerodha CEO Nithin Kamath highlighted this adjustment, stating, Currently, we are not making any changes to our brokerage. For options, the STT has increased to 0.1% from 0.0625%, while the transaction charge has decreased to 0.035% from 0.0495%.

    The changes in the transaction fees and TDS rates are part of a broader set of fiscal measures introduced by the government in the Union Budget. These measures are expected to impact traders, investors, and taxpayers across the country. As the Indian financial market continues to evolve, these changes reflect the government’s commitment to ensuring a fair and transparent trading environment. The impact of these changes will be closely watched by market participants and analysts in the coming months.