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Category: Business

  • Fabindia Unveils Exclusive Svarnim Durga Puja Edit with Har Shringar

    Fabindia Unveils Exclusive Svarnim Durga Puja Edit with Har Shringar Fabindia celebrated Durga Puja with an exclusive “Har Shringar” event on 21st September at their Kolkata Experience Centre, located in a heritage building on Loudon Street. The event brought together fashion enthusiasts, social influencers, and notable personalities for an afternoon of Pujo styling tips. Moderated by Ex-Miss Universe India Ushoshi Sengupta, the engaging panel discussion centered on traditional attire, accessorizing, and blending cultural elegance with contemporary fashion. Esteemed dignitaries like Dr. Rajeev Agarwal, Esha Dutta, Charvi Jain, and Satabdi Bhattacharjee shared their insights on the significance of fashion during the festive season.

    Attendees had the opportunity to explore Fabindia’s latest Pujo collection, which showcased a mix of sarees, kurtas, and accessories designed for the season. The venue, adorned with traditional decor and surrounded by opulent home décor options, enhanced the festive atmosphere. The event concluded with a delightful selection of refreshments, reinforcing Fabindia’s commitment to promoting India’s rich heritage through fashion and lifestyle.


    Mansi Praharaj

  • PPF-SSY New Rules: The rules of PPF and Sukanya Samriddhi Yojana have changed from today, know what will affect you

    PPF-SSY New Rules: The rules of PPF and Sukanya Samriddhi Yojana have changed from today, know what will affect you
    PPF-SSY New Rules: The rules of PPF and Sukanya Samriddhi Yojana have changed from today, know what will affect you

    Public Provident Fund and Sukanya Samriddhi Scheme are both such schemes in which a good amount of funds can be created by investing for a long time. Any Indian citizen can invest in PPF, while in Sukanya Samriddhi, investment can be made only in the name of daughters up to 10 years of age.

    The government has prepared this scheme to secure the future of daughters. If you have also invested in any of these schemes, then this news is for you. Today, from October 1, new rules are going to be implemented regarding both these schemes. Investors must be aware of these rules.

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    PPF new rules

    First change- The first change in Public Provident Fund (PPF) is regarding the PPF account opened for minors. In the PPF account opened in the name of a minor, he will get interest at the post office savings account rate until the child turns 18 years old. After that, the interest rate applicable for PPF will apply. Maturity will be calculated from his 18th birthday.

    Second change- The second change in PPF is that if someone has opened more than one PPF account, then the current interest rate will be applicable on the primary account and the secondary account will be merged with the primary account. The excess amount will be refunded with 0% interest. More than two additional accounts will get 0% interest from the date of their opening.

    Third change- The third change in this scheme is regarding NRIs that such active NRIs whose PPF accounts were opened under 1968, where Form H does not specifically ask about the residential status of the account holder. Such account holders will get Post Office Savings Account (POSA) interest till September 30. After this date, the interest will be 0%.

    New rules of Sukanya Samriddhi

    Today, i.e. from October 1, the rules of the Sukanya Samriddhi Yojana scheme for daughters will also change. According to the new rules, if the Sukanya Samriddhi Account is opened by grandparents, then the account will be transferred to the guardian or biological parents. If more than two accounts have been opened, then the additional account will be closed.

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  • Hayo Expands Global Footprint to Meet Growing Demand for Digital Services Across Africa and South Asia

    Its new offices in Cameroon, Niger and Sri Lanka will enable more governments, enterprises and service providers to access innovative digital solutions in local markets.

    New York City, U.S., 1 October 2024 – Hayo, a global innovator in digital solutions, has opened new offices in Yaoundé (Cameroon), Niamey (Niger) and Dehiwala-Mount Lavinia (Sri Lanka) to meet growing demands for digital services in Africa and South Asia. The expansion further strengthens the company’s delivery of voice, messaging, IoT, security and other connectivity solutions to governments, enterprises, service providers and mobile operators in emerging markets.

    Hayo Logo Full Colour RGB (1)

    Hayo’s strategic move to Cameroon, Niger and Sri Lanka will provide additional on-the-ground support and expertise for customers in these countries. This will help to accelerate digital transformation for local businesses and governments, as well as support global businesses looking to meet surging demands for digital services across these dynamic markets. Hayo combines networking, technologies, and digital solutions to have a positive impact on businesses and communities alike, with more than three decades of experience.

    “Opening these new offices is a key milestone in our mission to bring on-the-ground innovation and advanced digital solutions to emerging markets which are often underserved and overlooked. We’ve seen growing demands for services like voice, messaging, IoT and cloud communications in Cameroon, Niger and Sri Lanka. It’s great to support more of our customers with digital solutions and innovative services in high-growth markets,” said Feraz Ahmed, CEO at Hayo. “We see huge potential in these areas, and we now have even more people and premises to serve local needs with world-class solutions.”

    Hayo has extensive coverage across Africa and the Middle East. It serves 100+ leading mobile operators and also connects customers on a global scale through its growing ecosystem of 500+ partners.

    “At Hayo we’re 100% customer-centric, with a track record of listening, collaborating and working to optimise processes, increase visibility and help businesses capture new opportunities in Africa and around the world,” added Ahmed. “We’re levelling the playing field by supporting underserved countries with digital transformation, and meeting their growing demands. This expansion is just the start.”

    Hayo’s new Cameroon, Niger and Sri Lanka sites add to Hayo’s existing office footprint in New York City (U.S.), Cape Town (South Africa) and Nairobi (Kenya). The news comes after Hayo’s recent launch of its global IoT platform for mobile operators and enterprises, which adds to its suite of solutions spanning voice, messaging, security, AI, cloud communications, connectivity, regulatory compliance and more.


    Neel Achary

  • Sensex, Nifty open positive, trade higher amid positive global cues

    Sensex closes up by 236 pts, NTPC and Kotak Mahindra Bank top gainers

    Indian equity indices opened in the green on Tuesday following positive cues from Asian peers and US markets.

    At 9:39 a.m., Sensex was at 84,461, up 161 points or 0.19 per cent and Nifty was at 25,858, up 47 points or 0.18 per cent. The market trend remained positive.

    On the National Stock Exchange (NSE), 1560 shares were in the green and 733 shares in the red. In the Sensex pack, Tech Mahindra, L&T, SBI, M&M, Bajaj Finserv, Power Grid, Wipro, Kotak Mahindra, Bharti Airtel, ICICI Bank and Tata Motors were the top gainers.

    Asian Paints, JSW Steel, HUL, Tata Steel, Maruti Suzuki, ITC, Sun Pharma and IndusInd Bank were the top losers.

    Hardik Matalia, Derivative analyst of Choice Broking, “After a flat opening, Nifty can find support at 25,750 followed by 25,650 and 25,500. On the higher side, 25,950 can be an immediate resistance, followed by 26,000 and 26,050.”

    Along with largecap, midcap and smallcap shares remain bullish. The Nifty Midcap 100 index was up 54 points or 0.07 per cent at 60,207 and the Nifty Smallcap 100 index was at 19,279, up 99 points or 0.52 per cent. In the global markets, Tokyo, Shanghai, Hong Kong, Bangkok and Jakarta are trading in the green. Only the markets of Seoul and Taipei are in the red. The US markets closed with gains on Monday.

    Sensex, Nifty close at all-time high, led by metal and auto shares

    Other market experts said, “FII selling is likely to be absorbed by DII buying and, therefore, it is unlikely to do serious long-term damage to the market. Since a significant part of FII holding is in banking stocks, this segment may continue to face downward pressure.”

    “This will provide opportunities for long-term investors to buy the frontline banking stocks. This segment is attractively valued and the sector is doing well. The worsening geopolitical situation in West Asia is becoming an area of concern,” they added.

    The foreign institutional investors (FIIs) extended their selling as they sold equities worth Rs 9,792 crore on September 30, while domestic institutional investors extended their buying as they bought equities worth Rs 6,645 crore on the same day.

    (With inputs from IANS)

  • Petrol Diesel Price: New prices of petrol and diesel released on the first day of the month, know the rates

    Petrol Diesel Price On 1 October 2024: There has been no change in the rate of petrol and diesel today in big cities like Delhi, Mumbai and Kolkata. However, in Chennai, petrol (Petrol Price Today) has become cheaper by 13 paise and diesel (Diesel Price Today) by 13 paise.

    Petrol Diesel Price Today October 01, 2024: With the beginning of the new month, new prices of petrol and diesel have been released in the country. Petrol and diesel prices in the country (Petrol and Diesel Rate Today in India) are updated daily. Today, on October 1, their prices have also been changed. Petrol and diesel have become cheaper in some cities, while in some cities their prices have also increased.

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    There has been no change today in big cities like Delhi, Mumbai and Kolkata. However, in Chennai, petrol (Petrol Price Today) has become cheaper by 13 paise and diesel (Diesel Price Today) by 13 paise.

    Here we are going to tell you at what price petrol and diesel are available in the major cities of the country today. So let’s know…

    Petrol-Diesel Rate in Major Cities of the Country (Petrol-Diesel Price Today)

    • The price of petrol in Delhi is Rs 94.72 and the price of diesel is Rs 87.62 per liter.
    • In Mumbai, the price of petrol is Rs 103.44 and the price of diesel is Rs 89.97 per liter.
    • In Kolkata, the price of petrol is Rs 104.95 and the price of diesel is Rs 91.76 per liter.
    • In Chennai, the price of petrol is Rs 100.85 and the price of diesel is Rs 92.43 per liter.

    Petrol and diesel became so cheap in UP-Bihar

    Talking about the price of petrol and diesel at the state level, today in Bihar petrol (Petrol Price in Bihar Today) is available at Rs 107.12 per liter, down by 9 paise, and diesel (Diesel Price in Bihar) is available at Rs 93.84 per liter, down by 8 paise. In UP, petrol is available at Rs 94.49 per liter, down by 8 paise, and diesel is available at Rs 87.55 per liter, down by 9 paise.

    Apart from this, the price of petrol in Maharashtra (Petrol Price in Maharashtra Today) has come down by 18 paise to Rs 104.35 per liter and diesel (Diesel Price in Maharashtra Today) has come down by 19 paise to Rs 90.87 per liter.

    Check petrol and diesel prices through SMS

    You can know the rates of petrol and diesel (Petrol and Diesel Rate Today in India) through SMS while sitting at home. For this, if you are a customer of Indian Oil, then you can write RSP along with the city code and send it to 9224992249. If you are a customer of BPCL, then you can know the latest prices of petrol and diesel by writing RSP and sending it to 9223112222. Whereas, if you are a customer of HPCL, then you can know the prices of petrol and diesel by writing HP Price and sending it to 9222201122.

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  • BeyondSquare Solutions and PwC India announce strategic alliance to help CFOs drive Digital Transformation in the Financial Consolidation, Analytics, and Reporting space

    BeyondSquare Solutions and PwC India announce strategic alliance to help CFOs drive Digital Transformation in the Financial Consolidation, Analytics, and Reporting space

    October 01, 2024,Bengaluru, Karnataka, India : BeyondSquare Solutions, a software products firm headquartered in Bengaluru and PwC India today announced a strategic partnership to drive adoption of digital transformation in the finance function for their clients. The alliance aims to focus on using the power of automation to help CFOs and their teams navigate the complex world of consolidation, analytics and reporting processes with confidence and agility.

    Speaking on the partnership, Ritu Rekha, Partner and Leader – Finance Transformation, PwC India said, “BeyondSquare’s flagship product, FinAlyzer is a great addition to our portfolio of digital alliances. Our combined value proposition with FinAlyzer will help us deliver sustained outcomes for our clients in the consolidation and reporting space. This will significantly enhance the accuracy, control, and efficiency of the finance function.”

    Co-Founder and CEO of BeyondSquare Solutions, Venkat PK said, “PwC India brings to the table not just a very strong digital transformation focus but also a strong examples of value creation for its clients. Our partnership with PwC India, we believe, will help us drive value for CFOs who want to harness the potential of process efficiencies and advanced analytics to unlock actionable insights, make informed decisions, and drive sustainable growth. We are very excited to be associated with PwC India as their strategic partner.”

    Vivek Belgavi, Partner & Leader – Alliances & Ecosystems, PwC India said, “We are excited to collaborate with BeyondSquare Solutions to help bring in greater digitalisation in the CFO function. We believe there is an opportunity for greater value creation and a stronger strategic role for CFOs, making the finance functions an enabler for the business of the future.”

    With increasing digital adoption in enterprises, the CFO function faces dynamic requirements and expectations from external and internal stakeholders. Today’s CFO function must be able to drive digital transformation and actively contribute to the change of an organisation. FinAlyzer provides a uniform platform for automation of all aspects of management and statutory financial consolidation and reporting. It reduces the financial close, consolidation and reporting cycles by as much as 65% to 85%, while significantly reducing compliance risk.


    Praveen

  • Green Giraffe Media Partners with BigCash for New TVC Starring Nawazuddin Siddiqui as Celebrity Brand Endorser

    1st Oct 2024 New Delhi, Delhi, India Green Giraffe Media proudly launches a dynamic TV campaign for BigCash, featuring renowned actor Nawazuddin Siddiqui as the celebrity brand endorser. With the tagline “Bade Kaam Ka Khel”, the campaign underscores ambition, strategy, and skill as the keys to success in India’s real-money gaming market.

    BigCash, a leader in skill-based games, empowers users to turn their gaming ambitions into reality within a secure, enjoyable environment. Nawazuddin Siddiqui, as the face of the campaign, reinforces the platform’s commitment to delivering simple, user-friendly gameplay in a safe, trusted space for its growing gaming community.

    BigCash’s new campaign, “Bade Kaam Ka Khel,” highlights that success is driven by skill, bold moves, and strategy—qualities mirrored in the platform’s games. Featuring Nawazuddin Siddiqui as its celebrity brand ambassador, BigCash aims to reach a broader national audience and strengthen brand trust. The campaign emphasizes BigCash’s multi-game offerings, showcasing how skill-based games provide real money opportunities. The main ad film presents a fresh take: “To achieve something big in life, you don’t need Blood and sweat; you need to play skill-based games on BigCash and win Big.”

    The first TVC, “Khoon-Pasina”, features Nawazuddin Siddiqui as a patient, who switches his role as a doctor, delivering a fun and humorous message that success demands smart, decisive actions—just like playing on BigCash. His charismatic performance strikes the right balance of humor and relatability. Two more films focusing on BigCash Poker and Rummy will follow, showcasing Nawaz’s versatility and reinforcing BigCash’s reputation as a trusted, aspirational brand in the gaming world.

    Ritesh Bhatnagar, Managing Director, Green Giraffe Media said, “Partnering with BigCash to launch this TVC featuring Nawazuddin Siddiqui marks a key moment for Green Giraffe Media. BigCash embodies trust and skill, and Nawazuddin’s presence amplifies that message. We’re excited to bring this dynamic campaign to life, deepening connections with our audience while pushing the boundaries of media innovation.”

    Ankur Singh, CEO of BigCash, commented, “Partnering with a Green Giraffe media is not just about enhancing our brand; it’s about leveraging innovative ideas and strategic insights to connect with our audience in meaningful ways to drive deeper engagements. Together, we can transform visions into reality, driving growth and engagement in today’s dynamic landscape.”

    Directed by Sumit Ghildiyal, the campaign masterfully blends humor with high production values, creating memorable moments that resonate with audiences across both metropolitan and non-metropolitan markets.


    Mansi Praharaj

  • PPF Calculator: Your money can double in this government scheme, know the method

    Public Provident Fund (PPF): Public Provident Fund (PPF) is a government savings scheme. Currently, the government is offering 7.1 percent interest rate to investors in PPF. In this scheme, compounding interest is calculated on an annual basis.

    This scheme has a lock-in period of 15 years. However, if needed, investors can extend this period for another 5 years. Today we will tell you about this government savings scheme…

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    The most important thing about PPF is that it is a tax-saving scheme. The amount deposited in PPF is exempted under Section 80C of the Income Tax Act. A maximum of Rs 1.5 lakh can be deposited in PPF annually. Apart from this, the interest received on the money and the amount received on maturity are not taxed, that is, PPF is a completely tax-free investment option.

    How is interest calculated in PPF?

    Interest on your PPF account is compounded annually and is credited at the end of the financial year. This calculation is based on the lowest balance available between the 5th and the last day of the month. Therefore, it is important that the PPF amount is credited to your PPF account before the fifth of every month to get maximum interest.

    How will the investment double?

    Let us explain to you with an example how investment in PPF can be doubled. Suppose that every month Rs 10,000 is deposited in your PPF account, that is, Rs 1.2 lakh is deposited in PPF in a year. The current interest rate in PPF is 7.1 percent and you deposit this amount continuously for 15 years. After 15 years, your total investment will be Rs 18 lakh. And at the current rate of 7.1 percent, you will get interest of Rs 13.56 lakh. That is, on maturity you will get more than Rs 31 lakh. This means that your amount will almost double and that too tax free.

    Returns will double in PPF

    The power of compounding works best when you start early
    . The longer the money stays in a PPF account, the higher the interest rate. If possible, start investing in PPF early in your career to get the most benefit of compounding.

    Invest more money:

    The more money you invest in the long term, the more funds will be collected on maturity.

    You can extend the limit after 15 years

    After the initial lock-in period of 15 years, you can extend your PPF account in blocks of 5 years. Extending the account not only adds additional money to your deposit, but interest on the existing balance will also continue to accrue.

    Deposit money regularly

    Make regular deposits in your PPF account and avoid fund withdrawals if possible. Money in PPF doubles with patience. With consistent and long-term investments, you can take full advantage of this tax-free investment option.

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  • What is BRAP 2024: A Game-Changer for India’s Business Landscape

    Make in India

    BRAP 2024 to enhance ease of doing business, boost ‘Make in India’ initiativeReuters

    The Indian government has unveiled a significant strategy, the Business Reforms Action Plan (BRAP) 2024, aimed at bolstering the ‘Make in India’ initiative and enhancing the ease of doing business. This strategic plan, according to the Ministry of Commerce and Industry, is set to establish a seamless business regulatory framework across the country. The Department for Promotion of Industry and Internal Trade (DPIIT) is leading the BRAP 2024, underscoring the government’s commitment to fostering a conducive business environment in India.

    The BRAP 2024 aligns with other key government initiatives such as the Reducing Compliance Burden (RCB) and Decriminalisation, ensuring a holistic approach to regulatory reform. It also integrates elements from the World Bank’s upcoming B-READY programme, expected to streamline regulatory processes, bolster economic growth, and foster greater investor confidence in India’s business landscape. The BRAP 2024 introduces an innovative assessment methodology that blends evidence and feedback-based evaluations. This comprehensive and dynamic approach is expected to enable the government to implement more effective reforms. A key feature of the BRAP 2024 is its focus on reducing approval times, a critical aspect of enhancing the ease of doing business as lengthy approval times can deter potential investors.

    The plan also aims to integrate online service delivery, making it easier for businesses to comply with regulatory requirements. It leverages initiatives like the National Single Window System and PM Gati Shakti, expected to further streamline the regulatory environment and make it more conducive for businesses. The BRAP 2024 aims to make India a preferred global investment hub, aligning with the government’s ‘Make in India’ initiative, which seeks to transform India into a global manufacturing hub. By streamlining processes, reducing compliance burdens, and implementing digital solutions, the BRAP 2024 is set to transform India’s business landscape.

    Make in India

    Indian government’s BRAP 2024 aims to bolster the ‘Make in India’ initiative and enhance ease of doing businessReuters

    The plan covers critical sectors such as labour, environment, taxes, land administration, utility permits, inspection and construction. It also incorporates new areas like ICT adoption and process reengineering, ensuring that the BRAP 2024 addresses the needs of a wide range of businesses. The BRAP 2024 emphasises transparent service delivery, ensuring that businesses have access to clear information on procedures, fees, and timelines. This transparency is expected to foster greater confidence among businesses and encourage them to invest in India.

    The BRAP initiative, first launched in 2014-2015, has been a transformative force in reshaping India’s business landscape. The BRAP 2024 builds on the successes of previous editions and introduces next-generation reforms that address the needs of both businesses and citizens. It aligns with Prime Minister Narendra Modi ‘s vision of creating an ecosystem where businesses can thrive, and citizens experience a more efficient and responsive governance system. As per the latest government data, the production-linked incentive (PLI) scheme under the ‘Make in India’ initiative has been a great success in terms of attracting investments and increasing exports. The actual investment is likely to reach Rs 2 lakh crore in the next year with 12 lakh jobs. Exports have exceeded Rs 4 lakh crore, with substantial contributions from key sectors such as electronics, pharmaceuticals and food processing.

    BRAP 2024 is a significant initiative that is set to enhance the ease of doing business in India and bolster the ‘Make in India’ initiative. By streamlining regulatory processes, reducing compliance burdens, and implementing digital solutions, the BRAP 2024 is set to transform India into a preferred global investment hub. This strategic plan is a testament to the government’s commitment to fostering a conducive business environment and making India a global manufacturing powerhouse.

  • Ola Electric share tanks 4 pc, trades below Rs 100 for 1st time

    Ola Electric's stock tanks to its lowest as market analysts warn investors

    Ola Electric’s stock tanks to its lowest as market analysts warn investorsIANS

    Shares of Ola Electric Mobility fell more than 4 per cent on Monday and slipped below the Rs 100 mark for the first time since its listing last month.

    During the intra-day trade, the Bhavish Aggarwal-run Ola Electric shares nosedived to Rs 97.84 apiece on the lower end and Rs 102.38 per share on the higher end.

    At 1:36 p.m., Ola Electric shares were at Rs 99.10, down 3 per cent. With this decline, the stock has now dropped about 36 per cent from its peak of Rs 157.4.

    Share of the electric two-wheeler maker has declined for ninth out of the last 11 trading sessions.

    This recent slump highlights a troubling trend for the company, which once experienced a significant surge following its IPO. Ola’s shares had gained over 107 per cent within two weeks from its listing before entering a consolidation phase.

    Ola Electric captures over 52 pc market share in EV 2-wheeler segment in April

    Ola Electric shares were at Rs 99.10, down 3 per centIANS

    According to recent reports, “Ola Electric’s flagship S1 series EV scooter has become a nightmare for hundreds of customers who are consistently facing issues like malfunctioning hardware and glitching software and spare parts are hard to come by, resulting in inordinate delays.”

    Ola Electric is based on a direct-to-customer model. The company owns and operates all 500 plus experience centres and 430 service centres across the country.

    Last Friday, the company announced to double its company-owned service network to 1,000 centres by the end of year.

    According to Rajesh Sinha from financial services firm Bonanza, after its initial public offering (IPO), the stock of Ola Electric Mobility has shown volatility due to challenges the company faces as well as rising competition, concerns of a potential EV slowdown and service-related issues.

    (With inputs from IANS)