NewsBizkoot.com

Blog

  • Singapore to welcome Pope Francis in September during pontiff’s South-East Asia journey

    Pope Francis, non secular chief of the worldwide Catholic Christian inhabitants, will embark on an Apostolic Journey throughout elements of South-East Asia from September 2 to 13 this 12 months, and Singapore is on the papal itinerary. The different locations he’ll go to are Indonesia, Papua New Guinea, and Timor-Leste.

    Pope Francis
    Pope Francis is coming to Singapore on a three-day go to in September 2024. Photo courtesy: Instagram/vaticannews

    Announcement of the journey was made on Instagram on Friday by the official ‘Vatican News’ account. Responding with pleasure, Singapore Minister for Culture, Community and Youth and Second Minister for Law Edwin Tong additionally posted on Instagram that he had met Pope Francis in January 2022 they usually had mentioned a papal go to to the island nation.

    “So I’m very pleased to hear that Singapore will likely be welcoming Pope Francis this September,” wrote minister Tong on the social community.

    Giving particulars of the South-East Asia go to, Vatican News posted: “Pope Francis will make an Apostolic Journey to Indonesia, Papua New Guinea, Timor-Leste, and Singapore on September 2-13, 2024.

    “The Holy See Press Office made the announcement on Friday, saying the Pope had accepted the invitation of the Heads of State and native Church authorities.

    “The Pope is scheduled to depart Rome on his forty third Apostolic Journey overseas on September 2, travelling first to Jakarta, the capital of Indonesia, the place he’ll land on September 3 and stay till September 6. Indonesia is the world’s largest Muslim-majority nation, and Catholics quantity over 8 million, or 3.1 per cent of the inhabitants.

    “He will then fly east to go to Port Moresby, the capital of Papua New Guinea, and Vanimo on September 6-9. Around 32 per cent of Papua New Guinea’s inhabitants are Catholic, numbering round 2 million.

    “His subsequent cease will likely be in Dili, the capital of Timor-Leste, on September Sept. 11. Timor-Leste is overwhelmingly Catholic, accounting for round 96 per cent of the inhabitants, counting over 1 million individuals.

    “From there, the Pope will journey to Singapore for a 3-day go to on September 11-13. Some 395,000 Catholics reside in Singapore, representing round 3 per cent of the inhabitants.”

    Minister Edwin Tong recollects “heat and kindness” of Pope Francis

    Describing his assembly with the Pope, the Singapore minister wrote on Instagram: “Two years in the past, in January 2022, I had the honour of being granted a quick Audience with His Holiness Pope Francis during a piece go to to Vatican City.

    “During our transient however illuminating chat, we spoke about points which struck a deep mutual curiosity: the significance of concord, social cohesion and multi-religiosity in a group.

    “His Holiness welcomed us, the Singapore delegation, with honest heat and kindness. We additionally spoke briefly about having a chance for Singapore to host His Holiness for a go to.”

    Pope Francis with Singapore minister Edwin Tong
    Pope Francis with Singapore minister Edwin Tong in January 2022, when the latter visited Vatican City. Photo courtesy: Instagram/edwintong

    Expressing happiness in his put up that the current pontiff’s go to to Singapore would lastly happen, Tong continued: “It has been 38 years for the reason that late Pope John Paul II visited us in November 1986, kissing the bottom upon his arrival at Changi. Then, 70,000 individuals thronged the nationwide stadium to attend mass celebrated by the Pope, the primary Catholic Pope to go to Singapore.

    “Pope Francis’s go to will likely be a historic go to that Catholics in Singapore will likely be eagerly trying ahead to.

    “The Catholic group in Singapore has made robust contributions to strengthening our social cloth as a multicultural and various society. His Holiness’ teachings in his third Encyclical, Fratelli Tutti, promote a common aspiration towards fraternity and social friendship, themes which resonate drastically with our multicultural and religiously various [society] in Singapore.

    “I look ahead to exhibiting Pope Francis our Singaporean hospitality, variety and concord, come September. We will work intently with the Church to plan a significant go to.”

  • Max Financial Services H1FY23 Consolidated Revenue^ Rises 12 percent to Rs. 9,720 Crore, Profit After Tax Grows 56 percent to Rs. 130 Crore

    Max Life Results Highlights H1FY23

    • New Business Premium*: Rs. 3,378 Crore, Up 9%, Proprietary channels grew 23%

    • Gross Written Premium: Rs. 9,904 Crore, Up 12%.

    • Embedded Value at Rs. 14,704 Crore; Operating RoEV at 15.7%.

    • New Business Margin (NBM) at 26.7%, Up 140 bps

    • Value of New Business at Rs. 586 Crore, Up 7%.

    • Total Assets Under Management (AUM): Rs. 1,13,152 Crore, Up 13%

    Max Financial Services Limited (MFSL) at this time introduced its monetary outcomes for the second quarter (Q2) and H1 (first half) of the monetary yr FY23. In the primary half of the FY23, MFSL Consolidated Revenue^ of Rs. 9,720 Crore, with development of 12% and Consolidated PAT at Rs. 130 Crore, up 56%, due to decrease tax bills than corresponding earlier half yr. In Q2FY23, Consolidated Revenue^ at Rs. 5,718 Cr, Up 9% and Consolidated PAT at Rs, 62 Cr, Up 29%.

    During H1FY23, Max Life New Business Premium* grew 9% to Rs. 3,378 Cr and Annualised Premium (*12*) (APE) Up by 2% to Rs. 2,200 Cr pushed by sturdy development in proprietary channels. Proprietary channels new enterprise premiums grew by 23% year-on-year to Rs. 773 Crore as outcome contribution of Proprietary channels to complete new gross sales elevated from 29% to 33% in H1FY23. Further, the renewal premium earnings (together with group) rose 14% to Rs. 6,526 Crore, taking the gross written premium to Rs. 9,904 Crore, a rise of 12% over the half yr of the earlier monetary yr.

    Max Life achieved New Business Margin (NBM) of 26.7% in H1FY23, a rise of 140 bps. Further NBM expanded to 31.4% in Q2FY23, improved 230 bps over corresponding earlier quarter primarily pushed by improve in product profitability. Value of New Business (VNB) grew by 7% to Rs. 586 Crore in H1FY23. Max Life working bills (policyholders) to gross premium ratio improved from 15.5% in H1FY22 to 15.1% in H1FY23 due to efficient price administration efforts and better enterprise development. Max Life reported an Embedded Value of Rs. 14,704 crore, whereas the Operating Return on EV (RoEV) over H1FY23 stood at 15.7%.

    During H1FY23, Max Life delivered a robust efficiency, and deal with retirement led to development of 86% in Annuity enterprise in H1FY23. Max Life Pension Fund Management Limited commenced enterprise operations in Q2FY23.

    Max Life’s belongings below administration (AUM) have been Rs. 1,13,352 crore as on September 30, 2022, Up 13% over the earlier yr.

    Max Life has secured a brand new banca partnership with Tamilnad Mercantile Bank (TMB) for time period of 5 years. Also entered into partnership agreements with main brokers similar to Turtlemint, Bluechip, NJ Brokers, Muthoot Insurance Brokers and Vkover.

    Mr. Mohit Talwar, Managing Director, Max Financial Services Limited, mentioned, “By introducing new progressive merchandise, secular development throughout proprietary channels and steadiness product combine, we’ve registered a robust development in H1FY23. Our focus lies in steady development via strategic partnerships, speed up partnership channels development and enhance market share.”

    About Max Financial Services Limited

    Max Financial Services Limited (MFSL) is a part of India’s main enterprise conglomerate – the Max Group. Focused on Life Insurance, MSFL owns and actively manages an 81.83% majority stake in Max Life Insurance, India’s largest non-bank, personal life insurance coverage firm.

    The firm is listed on the NSE and BSE. Besides a 14.7% holding by Analjit Singh and sponsor household, a number of the different group shareholders embody MSI, Ward ferry, New York Life, GIC, Baron, Vanguard, Jupiter, Blackrock, and the Asset Management Companies of DSP, Nippon, HDFC, ICICI Prudential, UTI, Motilal Oswal, Canara Robeco, Sundaram, (*56*) Birla Sun Life, Mirae, and Kotak.

    About Max Life Insurance Company

    Max Life is the only working subsidiary of Max Financial Services Limited. Max Life – part of the $4-Bn Max Group, an Indian multi-business company – is India’s largest non-bank personal life insurer and the fourth largest personal life insurance coverage firm.

    On April 6, 2021, Axis Bank Limited, India’s third-largest personal sector financial institution, along with its subsidiaries Axis Capital Limited and Axis Securities Limited (collectively referred to as “Axis Entities“) turned the Co-promoters of Max Life. This was after completion of the acquisition of 12.99% stake collectively by the Axis Entities in Max Life.

    Max Life gives complete safety and long-term financial savings options, via its multichannel distribution together with company and third distribution companions. Max Life has constructed its operations over virtually twenty years via a need-based gross sales course of, a customer-centric method to engagement and repair supply and educated human capital. It has 346 department items throughout India.

    ^Excluding Max Life funding earnings

    *New enterprise premium = First yr premium + Single premium

  • Income Tax Rules: Taxpayers can save tax even on income of Rs 10.50 lakh, know how

    Income Tax Rules: Taxpayers can save tax even on income of Rs 10.50 lakh, know how
    Income Tax Rules: Taxpayers can save tax even on income of Rs 10.50 lakh, know how

    Income Tax Rules: People need to pay tax on greater income as per the tax slab. Under the outdated tax regime, the Income Tax Rule says that no tax must be paid on annual income as much as Rs 2.5 lakh.

    – Advertisement –

    The season of tax saving has arrived. People incomes extra have began struggling to save tax. The central authorities has given tax exemption on income as much as Rs 7 lakh beneath the brand new tax regime, whereas annual income as much as Rs 5 lakh has been exempted beneath the outdated tax regime. But in case your annual income is greater than these two limits then you’ll have to pay tax.

    People need to pay tax on greater income as per the tax slab. Under the outdated tax regime, the Income Tax Rule says that no tax must be paid on annual income as much as Rs 2.5 lakh. There is a provision of 5% tax on income of Rs 2.5-5 lakh. Whereas 20% tax is charged on annual income of Rs 5-10 lakh. There is a 30% tax slab on annual income of Rs 10 lakh and above.

    Tax can be saved even on income of Rs 10.50 lakh

    According to this, in case your annual income is Rs 10 lakh then you’ll have to pay 30% tax. However, if you need, you’ll not need to pay even a single rupee tax. Not solely this, even in case your wage is Rs 10.50 lakh, you can save the whole quantity of tax by investing and taking benefit of exemptions.

    How can you save tax on income of Rs 10.50 lakh?

    1. A rebate of as much as Rs 50 thousand is on the market as customary deduction. In such a scenario, tax will now be levied on Rs 10 lakh.

    2. By investing in schemes like PPF, EPF, ELSS, NSC, you can save tax of Rs 1.5 lakh beneath Section 80C of Income Tax. Now if we subtract Rs 1.5 lakh from Rs 10 lakh, Rs 8.5 lakh will come beneath tax.

    3. Similarly, in the event you individually make investments as much as Rs 50,000 yearly within the National Pension System (NPS), then beneath Section 80CCD (1B), you get assist in saving income tax of extra Rs 50 thousand. Now if we subtract Rs 50 thousand extra, Rs 8 lakh will come beneath the tax internet.

    4. If a house mortgage can be taken, then tax saving of as much as Rs 2 lakh can be achieved on its curiosity beneath Section 24B of Income Tax. If you subtract one other Rs 2 lakh from Rs 8 lakh, the full tax income will likely be Rs 6 lakh.

    5. By taking a medical coverage beneath Section 80D of Income Tax, you can save tax as much as Rs 25 thousand. Your identify, your spouse and kids’s names needs to be there on this medical health insurance. Apart from this, in the event you purchase medical health insurance within the identify of your dad and mom, you can get an additional low cost of as much as Rs 50,000. In this case, if we subtract 75 thousand from Rs 6 lakh, the full tax legal responsibility will likely be Rs 5.25 lakh.

    6. If you donate to any group, you can avail tax profit of as much as Rs 25,000. Under Section 80G of Income Tax, you can declare tax deduction as much as Rs 25,000 on the quantity given as donation. After deducting Rs 25 thousand, your income will now come within the tax slab of Rs 5 lakh. According to Income Tax guidelines, no tax must be paid beneath the outdated tax regime on income as much as Rs 5 lakh.

    Best FD Rates: This financial institution is giving greater than 9 % curiosity, these individuals have good incomes alternative

    – Advertisement –

  • Andhra Pradesh-born US entrepreneur Gopi Thotakura to become first Indian space tourist

    Gopi Thotakura, an entrepreneur and a pilot, is ready to become the first Indian to enterprise into space as a tourist. Born within the southern Indian state of Andhra Pradesh and now primarily based within the United States, he’s a part of the NS-25 flight mission, to be executed by Blue Origin, the corporate owned by Amazon founder Jeff Bezos.

    Entrepreneur Gopi Thotakura
    Indian-origin aviator and US-based entrepreneur Gopi Thotakura to become first Indian space tourist. Photo courtesy: X/@sudhakarudumula

    Thotakura was chosen as one of many six crew members for the mission, making him the first Indian space tourist and the second Indian to enterprise into space after the Indian Army’s Wing Commander Rakesh Sharma in 1984.

    In between, American astronaut Kalpana Chawla had become the first Indian-origin girl to fly to space in 1997. She died in 2003 together with six fellow astronauts on board the shuttle Columbia, which was destroyed upon re-entry into Earth’s environment.

    For the mission that features Thotakura, the flight date is but to be introduced, in accordance to Blue Origin.

    This mission would be the seventh human flight for the New Shepard programme of Blue Origin, and the twenty fifth in its historical past. To date, the programme has flown 31 people above the Karman line, the proposed standard boundary between Earth’s environment and outer space.

    Blue Origin rocket
    The New Shepard rocket operated by Blue Origin, an aerospace firm owned by Amazon founder Jeff Bezos. Photo courtesy: X/@sudhakarudumula

    New Shepard is a completely reusable sub-orbital launch automobile developed for space tourism by Blue Origin.

    The aerospace firm mentioned: “Gopi is a pilot and aviator who discovered how to fly earlier than he might drive.”

    The Indian-born entrepreneur is the co-founder of Preserve Life Corp, a centre for holistic wellness and utilized well being, situated close to Hartsfield-Jackson Atlanta International Airport. He is a graduate of Embry-Riddle Aeronautical University.

    In addition to flying jets commercially, Thotakura pilots bush, aerobatic, and seaplanes, in addition to gliders and scorching air balloons, and has served as a world medical jet pilot.

    A lifelong traveller, his most up-to-date journey took Thotakura to the summit of Mt Kilimanjaro in Tanzania.

    New Shepard space programme

    Other crew members of the NS-25 spaceflight embody Mason Angel, Sylvain Chiron, Kenneth L. Hess, Carol Schaller, and former Air Force Captain Ed Dwight, who was chosen by President John F Kennedy in 1961 because the first black astronaut candidate of the United States, however by no means bought the chance to fly to space.

    During the flight, every astronaut will carry a postcard to space on behalf of Blue Origin’s basis, Club for the Future. This programme provides college students entry to space on Blue Origin’s rockets, together with an all-digital technique to create and ship postcards.

    The Club’s mission is to encourage and mobilise future generations to pursue careers in STEAM (science, know-how, engineering, arts, and arithmetic) for the good thing about Earth.

    From an environmental standpoint, practically 99 per cent of New Shepard’s dry mass is reused, together with the booster, capsule, engine, touchdown gear, and parachutes.

    New Shepard’s engine is fuelled by extremely environment friendly liquid oxygen and hydrogen. During the flight, the one byproduct was water vapour with no carbon emissions, the corporate mentioned.

  • Radio City Delivers a Strong EBITDA Growth Led by Operating Leverage

    Music Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its Financial Results for the quarter and half-year ended September 30th, 2022.

    • Key Highlights – H1FY23:

    • H1 FY23 Top line of Rs 92.8 Crores; 48% Growth YoY

    • Maintained a robust Position with 18% Volume Market Share

    • EBITDA* at Rs. 17.6 Crores; EBIDTA Margin at 19.0%

    *Includes different revenue

    • Key Highlights – Q2FY23:

    • Q2 FY23 Top line of Rs 48.6 Crores; 16% Growth YoY

    • Maintained a robust Position with 18% Volume Market Share

    • EBITDA* at Rs. 8.9 Crores; EBIDTA Margin at 18.3%

    *Includes different revenue

    Commenting on the outcomes Mr. Shailesh Gupta, Director mentioned, “The return of promoting volumes witnessed during the last quarter continued within the present quarter as effectively, with the business rising by 20% YoY. Our resilience by way of the robust occasions has paid off, as we stand on a robust footing each when it comes to market share and a robust omni-channel presence which helps us leverage our deep networks and relationships and provide most worth to our clients. In line with our steerage over the quarters, a few of the prices saved had been everlasting in nature, nonetheless, some business-related prices have come again as a results of resumption in regular course of enterprise, which have led to slight discount in EBITDA Margins.

    On a sectoral stage, the core sectors of Real Estate and Pharma continued to indicate promise, whereas Education got here again in a huge manner. Finance too contributed a good portion of the overall volumes. Government and Auto had been the laggards through the quarter, degrowing marginally, nonetheless, we do count on to see that flip round within the subsequent quarter owing to imminent elections and the festive season spending.

    On the digital entrance, we now have achieved substantial development, owing to our robust presence and attain throughout a number of platforms and leveraging our unimaginable in-house expertise to ship top quality content material and higher engagement with our audiences. This is in step with our ‘Radigitalization‘ technique i.e., digital integrations with Radio at its core, and we see sustainable advantages accruing over time.

    With new income efforts accounting for 35% of income this quarter, they’ve begun to signify a sizable part of our general prime line and exhibit each indication of being sustainable and persevering with to assist regular development shifting ahead. As of September 30, 2022, the corporate has money reserves totaling Rs. 284 crores, staying true to its fundamental ideas of sustaining a robust liquidity place as a warfare chest to climate any storm and grasp new alternatives.

    Regarding the bonus subject of the non-convertible non-cumulative redeemable desire shares, the assembly of the Equity Shareholders and Unsecured Creditors of the Company was held on Thursday, June 23, 2022, whereby the Shareholders and Unsecured Creditors have authorized the scheme and thereafter the Company has filed the petition with NCLT for additional plan of action. We will hold you posted on the developments as they unfold.”

    About Radio City

    Radio City, a a part of Music Broadcast Limited (MBL) is a subsidiary of Jagran Prakashan Ltd. Being the primary FM radio broadcaster in India with over twenty years of experience within the radio business, Radio City has constantly been the No.1 radio station in Bengaluru with 25.1% and No.2 in Mumbai with 14.6% common listenership share respectively. (Source: RAM Data, TG: 12+ Period: Week 1, 2013 to Week 26, 2022). Radio City Delhi ranks #3 with 11.9% common listenership share (Source: RAM Data, TG: 12+ Period: Week 1, 2019 to Week 26, 2022).

    Music Broadcast Limited presently has 39 stations throughout 12 states, comprising 62% of the nation’s FM inhabitants. Radio City reaches out to over 69 million listeners throughout India lined by AZ Research 2019 (Source: AZ Research Report). The community supplies terrestrial programming together with 17 web-stations, by way of its digital interface, www.radiocity.in.

    Radio City has spearheaded the evolution of FM radio by providing content material that’s distinctive, path-breaking and invokes metropolis ardour amongst listeners with its model philosophy of “Rag Rag Mein Daude City“. The community launched humour and the idea of agony aunt on radio with Babber Sher and Love Guru respectively. It additionally initiated Radio City Freedom Awards, a platform to acknowledge unbiased music and supplied a launch pad to budding singers with Radio City Super Singer, the primary singing expertise hunt on radio. This yr, the group launched its first worldwide property ‘Radio City Business Titans‘ to acknowledge Indian companies for his or her enterprise excellence.

    Radio City has bagged over 130 awards throughout nationwide and worldwide platforms equivalent to New York Festival, ACEF Awards, Golden Mikes Radio Advertising Awards, India Radio Forum, and so on. within the latest previous. Recently, Music Broadcast Limited has acquired ‘Indias Best Company of the Year 2022‘ Award by Berkshire media. Radio City has constantly featured for the seventh time in ‘India’s Best Companies to Work For‘ research performed by Great Place to Work Institute. The firm has additionally been acknowledged in ‘India’s Best Workplaces for Women – 2019‘ and has ranked amongst the Top 75 organizations on the listing. In 2020, Radio City ranked 4th in ‘Best Large Workplaces in Asia‘, in line with the GPTW survey.

    Safe Harbor Statement

    Statements on this doc referring to future standing, occasions, or circumstances, together with however not restricted to statements about plans and aims, the progress and outcomes of analysis and improvement, potential product traits and makes use of, product gross sales potential and goal dates for product launch are forward-looking statements primarily based on estimates and the anticipated results of future occasions on present and growing circumstances Such statements are topic to quite a few dangers and uncertainties and are usually not essentially predictive of future outcomes. Actual outcomes could differ materially from these anticipated within the forward-looking statements. The firm assumes no obligation to replace forward-looking statements to replicate precise outcomes, modified assumptions or different elements.

  • EPFO PF Transfer New Rule : EPFO gave big news in April, made this important change, these people will get the facility

    EPFO PF Transfer New Rule : EPFO gave big news in April, made this important change, these people will get the facility
    EPFO PF Transfer New Rule : EPFO gave big news in April, made this important change, these people will get the facility

    EPFO PF Transfer New Rule: The automated switch course of permits current EPF members altering jobs to switch their PF stability from their outdated employer to the new employer with out the want for any on-line or offline request. This implies that EPF account switch occurs robotically, eliminating the problem for members.

    – Advertisement –

    EPFO PF Transfer New Rule: Employees Provident Fund Organization (EPFO) has began a handy facility for its members. This new change will robotically switch EPF accounts on change of job.

    That means, for those who transfer from one firm to a different, you do not want to switch your first cash your self. He himself will be added to the account of the new firm. However, regardless of this, how and to whom will this facility present comfort?

    What is the automated switch course of?
    The automated switch course of permits current EPF members altering jobs to switch their PF stability from their outdated employer to the new employer with out the want for any on-line or offline request. This implies that EPF account switch occurs robotically, eliminating the problem for members.

    Who can avail this facility?
    However, it’s important to notice that this facility is obtainable solely to these EPF members whose EPF accounts, each outdated and new, are maintained by EPFO. Exempt PF Trusts aren’t lined below this automated switch course of.

    How to avail the good thing about automated switch facility?

    • The UAN and Aadhaar quantity offered by the new employer ought to match the data out there with the UAN.
    • The Aadhaar variety of the EPF member needs to be linked and verified with the UAN at the earlier place of employment.
    • Information like date of becoming a member of, date of leaving and cause for leaving the firm needs to be out there from the outdated employer.
    • EPF member’s UAN needs to be lively and their cellular quantity needs to be lively.

    Income Tax Rules: Taxpayers can save tax even on revenue of Rs 10.50 lakh, know the way

    – Advertisement –

  • Transport Corporation of India Ltd. Announces Results for Q2 and H1 FY'23

    • Company’s standalone income Growth over H1: 23%

    • Net revenue development at standalone over H1: 14.5%

    India’s main built-in provide chain and logistics options supplier, Transport Corporation of India Ltd., introduced its monetary outcomes at the moment for the Q2 and H1 FY’23.

    Standalone

    Performance Highlights: H1 FY2023 vs. H1 FY2022

    • Revenue from operations of Rs. 1658 Crores, development of 23% y-o-y

    • EBITDA of Rs. 214 Crores in comparison with Rs. 186 Crores in H1 FY2022

    • EBITDA margin at 12.92% in comparison with 13.82% in H1 FY2022

    • PAT of Rs. 134 Crores in comparison with Rs. 117 Cores in H1 FY2022

    Consolidated

    Performance Highlights: H1 FY2023 vs. H1 FY2022

    • Revenue from operations of Rs. 1836 Crores, development of 21% y-o-y

    • EBITDA of Rs. 236 Crores in comparison with Rs. 198 Crores in H1 FY2022

    • EBITDA margin at 12.86% in comparison with 13.02% in H1 FY2022

    • PAT of Rs. 151 Crores in comparison with Rs. 124 Cores in H1 FY2022

    Commenting on the outcome, Mr. Vineet Agarwal, Managing Director TCI acknowledged, “In Q2 & HY FY23, the corporate demonstrated constant efficiency. Focus on core enterprise fundamentals coupled with rising demand within the vehicle and consumption sectors enabled all enterprise segments to ship passable outcomes regardless of inflationary stress.”

    The firm stays uniquely positioned in tapping excessive development segments by way of its intensive multimodal community, personalized service choices, investments in proper expertise and automation.

    Further, the launch of the National Logistics Policy together with earlier introduced PM Gati Shakti framework could be instrumental for a push in direction of seamless multimodal transportation and fashionable connectivity, elevated digitization and standardization to make our nation’s logistics environment friendly and aggressive. TCI continues to speculate strongly on all these themes for sturdy development through the years.

    About Group TCI
    Group TCI, with revenues of over Rs. 5000 Cr. is Indias main built-in provide chain and logistics options supplier. TCI Group with experience developed over 6 a long time has an intensive community of firm owned workplaces, 13 mn. sq. ft. of warehousing area and a powerful workforce of educated workers. With its customer-centric method, world class sources, state-of-the-art expertise and skilled administration, the group follows sturdy company governance and is dedicated to worth creation for its stakeholders and social tasks. TCI was the primary to launch a number of options within the logistics subject. Its product providing consists of:

    TCI Freight: India’s main floor transport entity. This division is totally geared up to supply complete transport options for cargo of any dimension or product section. It transports cargo on FTL (Full truck load) / LTL (Less than truck load) / Small packages and consignments / Over Dimensional cargo.

    TCI Seaways: TCI Seaways is nicely geared up with six ships in its fleet and caters to the coastal cargo necessities for transporting containers and bulk cargo. Being the pioneers in multimodal coastal transport and container cargo motion and transportation companies, TCI Seaways connects India with its western, jap, and southern ports.

    TCI Supply Chain Solutions: TCI SCS is a single window enabler of built-in provide chain options proper from conceptualization and designing the logistics community to precise implementation. The core service choices are Supply Chain Consultancy, Inbound Logistics, Warehousing / Distribution Centre Management & Outbound Logistics.

    TCI Chemical Logistics Solutions: A subdivision of TCI which supplies storage of chemical compounds – liquid, dry and gases in compliant warehouses and motion in ISO tank containers, gasoline tankers and flexi tanks by Rail, Road and Coastal.

    TCI Cold Chain Solutions Ltd.: Integrated chilly chain service supplier to fulfill the wants of temperature-controlled warehousing and distribution companies. The facility caters to the wants of varied industries similar to agriculture merchandise, processed meals, life sciences, healthcare, specialty chemical compounds, amongst others.

    TCI CONCOR Multimodal Solutions Pvt. Ltd.: An end-to-end multimodal logistics options supplier, it’s a three way partnership between TCI and Concor. This section synergises the strengths, infrastructure and capabilities of TCI Group with rail infrastructure of Concor. It establishes a cheap built-in rail-road service.

    Transystem: Complete logistics answer supplier from inbound to outbound logistics. Transystem is a logistics companion for Toyota Kirloskar and different Japanese corporations in India. It includes Completely Built Units (CBUs) and spare components administration, warehousing and distribution.

    TCI Express Ltd.: A number one specific distribution specialist that gives a single window door-to-door & time particular answer for clients’ specific necessities. It serves throughout 40,000 areas in India and 202 nations overseas.

    TCI Developers Ltd.: It undertakes growth of giant fashionable Warehouses, Logistics Parks and so on.


    TCI Foundation: As the group’s social arm, TCIF fulfils company social duty and runs charitable hospitals and faculties for the under-privileged within the rural areas. It has additionally collaborated with the Bill & Melinda Gates Foundation & National Aids Control Organization to run packages on AIDS interventions and schooling among the many weak trucking neighborhood.

  • FD Interest Rate: These banks are giving more than 7 percent interest on FD, see complete list

    FD Interest Rate: These banks are giving more than 7 percent interest on FD, see complete list
    FD Interest Rate: These banks are giving more than 7 percent interest on FD, see complete list

    While investing in FD, one ought to at all times evaluate the interest charges of all of the banks. Its benefit is that you just get most interest on your funding. Today on this article we are going to inform you concerning the interest charges of all the large banks of the nation.

    (*7*)

    – Advertisement –

    FD interest charges in huge banks
    SBI: SBI is providing 7 percent interest on FDs of two years to a few years. At the identical time, 6.75 percent interest is being given on FD of three to five years. At the identical time, 6.5 percent interest price is being given by SBI on FD for tenure of more than 5 years.

    PNB: The highest interest price of 7.30 percent is being given by PNB on 400 days FD. Apart from this, the financial institution is giving interest price of 7.10 percent on 300 days FD. The interest price being given is 6.8 percent on one 12 months FD, 6.85 percent on two 12 months FD and 7.05 percent on FD of two to three years.

    HDFC Bank: HDFC Bank, the nation’s largest personal sector financial institution, is providing traders an interest price of 7.25 percent on FDs of 18 to 21 months. The financial institution is providing 7.15 percent interest on FDs of two years, 11 months to 35 months. At the identical time, traders are being given 6.60 percent interest on FDs of 1 12 months to fifteen months, and 7 percent interest on FDs of two years to 2 years and 11 months.

    ICICI Bank: The financial institution is providing 6.7 percent interest on FDs of 1 12 months to fifteen months. At the identical time, 7.20 percent interest is being given on FD of 15 months to 2 years. At the identical time, interest price of 7 percent is being supplied on FD of two years to five years.

    Kotak Mahindra Bank: Kotak Mahindra Bank is providing 7.4 percent interest on FDs of 390 days to 391 days. At the identical time, 7.3 percent interest is being given on FDs of 23 months to much less than 2 years. At the identical time, 7.15 percent interest is being given on FD of two to three years, 7 percent on FD of three to five years and a couple of.75 percent to six.50 percent interest is being given on FD of different tenures.

    Income Tax Rules: Taxpayers can save tax even on earnings of Rs 10.50 lakh, understand how

    (*7*)

    – Advertisement –

  • US CPI Pours Water on Gold Bulls. Are We in for Pullback?

    Facts You Should Know About Investing in Gold

    Gold costs have been rallying for the reason that begin of the 12 months. It is up by greater than 13% YTD. Saqib Iqbal, a monetary analyst at Trading.Biz, predicted gold costs would go above $2300 in April 2024 and has now set a brand new goal for the bullion.

    • Gold costs, up by 13% YTD, may dip under $2300 if the Fed maintains a cautious method, following stress from the newest CPI information.

    • Fed coverage drives the gold rally, however robust inflation favours the greenback over bullion.

    • A slew of things can push the valuable metallic costs by the 12 months’s finish.

    He says, “March US CPI information has put the brakes on the disinflation story. The constructive shock of CPI information has put stress on gold costs and it was anticipated because the Fed charge cuts are the primary drivers of bullion rally this 12 months. To see costs rise additional, we’d like a charge lower by the Fed. If the US Fed continues its cautious method to easing, gold costs danger a pullback under $2300 in May.”

    Gold costs have been largely pushed by Federal Reserve coverage for the previous 12 months, and confidence that the Fed will pivot sooner fairly than later has fueled the valuable metallic’s rally.

    However, robust inflation information has raised considerations that US rates of interest could stay excessive for an prolonged interval. This is a constructive scenario for the US greenback however a destructive for bullion.

    Still, Saqib anticipates gold costs to rise this 12 months as safe-haven demand stays robust amidst international uncertainty as a result of persevering with wars and the forthcoming US election.

    He forecasts a mean of $2250 with a excessive of $2400 and a low of $2200 in 2024, on condition that the Fed begins to decrease charges in the second a part of the 12 months, in addition to greenback and treasury yield falling, whereas geopolitical uncertainties persist.


    Neel Achary

  • Kia Sonet Introduces My Convenience Plus Package

    New Delhi, 12th April 2024: Kia, one of many main premium carmakers, has prolonged its extremely trusted aftersales flagship program, My Convenience Plus, to the not too long ago launched Sonet. Already trusted by over 2 Lakh clients, the great Aftersales flagship program is now accessible to Sonet house owners, guaranteeing top-notch help and repair for his or her automobiles.

    Image - Kia Sonet

    Under this program, Sonet house owners can take pleasure in a bundled package deal of important providers, together with Prepaid Maintenance (PPM), Extended Warranty (EW), and Roadside Assistance (RSA). Additionally, the programme provides inflation safety, shielding them from any value hike of components and labour. Furthermore, complimentary Wheel Alignment, Balancing & Rotation, Tyre Alloy safety and Scratch Care are included within the programme. The My Convenience Plus for Sonet clients will price as low as 75 paise per kilometre, relying on the bought plan. With already one of the best upkeep price amongst its friends, the Sonet now presents an much more compelling proposition, additional enhancing its value-for-money providing.

    Commenting on the new improvement, Mr. Myung-sik Sohn, Chief Sales Officer, Kia India, stated, “Kia is repeatedly setting new trade benchmarks, and introducing ‘My Convenience Plus’ to Sonet clients underscores our dedication to enhancing the aftersales expertise. With trade analysis recognizing Sonet’s lowest upkeep prices, coupled with the introduction of this program, Kia’s aftersales applications stand out as among the many greatest on this section. We are devoted to delivering utmost comfort, affordability, and premium high quality, guaranteeing peace of thoughts for our clients and setting new requirements in buyer satisfaction.”

    The key options of the My Convenience Plus Kia possession program embrace:

    • Pre-paid Maintenance (PPMs), Extended Warranty (EW), and Roadside Assistance (RSA)
    • scheduled upkeep together with add-on providers like wheel alignment, balancing and tyre rotation
    • Extended guarantee (EW) protection as much as 4th & fifth Year as per chosen plan
    • RSA contains an preliminary one-year tyre alloy safety, guaranteeing a worry-free driving expertise, thereby extending the RSA protection as much as 4th/fifth Year as per the chosen plan
    • Offers peace of thoughts for patrons for 4-5 years together with financial savings of as much as INR 7,000
    • PAN India protection and validity
    • Scratch Care program for the New Sonet house owners (retailed until thirtieth Ap’24). Customers can avail of 1 scratch restore (with out dent) freed from price in an possession interval of 12 months from the date of sale. T&C apply.
    • Available in two choices: Premium (4 years) and Luxury (5 years), guaranteeing clients can select the plan that most accurately fits their wants.

    My Convenience Plus program particulars:

    Fuel Type Program My Convenience Plus (INR)
    Total Price (price/Yr)
    Gasoline Premium (4 Year) 29,996 (7,499/Yr)
    Luxury (5 Year) 39,995 (7,999/Yr)
    Diesel Premium (4 Year) 33,596 (8,399/Yr)
    Luxury (5 Year) 45,995 (9,199/Yr)

    My Convenience Plus program might be bought on-line by way of the MyKia app from the consolation of your own home or offline at any approved Kia seller inside 60 days of supply.


    Mansi Praharaj