New business premium collections of life insurance companies grow by 15.15% in the month of May 2024 compared to the same month last year, boost by strong demand for improved insurance protection from both corporate and individual consumers. According to the Life Insurance Council, new policy issuances grew by 12.45% in the same period, reflecting…
According to the latest survey by the Reserve Bank of India (RBI), Indian consumers are expected to increase spending over the next one year, with both essential and non-essential items increasing.RBI’s Consumer Confidence Survey (CCS) showed that the rise in consumer confidence has stalled for the current period as sentiments have declined slightly on all…
Bajaj Housing Finance IPO: Bajaj Housing Finance has filed preliminary draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds of ₹7,000 Crore through its upcoming public offering.The total public issue of up to ₹7,000 Crore includes a new issue of equity shares up to ₹4,000 Crore and an…
Bisleri International, India’s leading mineral water company along with the TERI School of Advanced Studies has started an innovative study titled ” Water Credits: Impact-Adjusted Virtual Water Footprint”. This joined effort sets a benchmark for the beverage industry’s commitment to water conservation. The study aims to set up a framework for water credits, akin to…
RBI MPC Meeting June 2024: With the RBI keeping the repo rate constant, all external benchmark lending rates linked to the repo rate will not increase, providing relief to borrowers as their EMIs will not increase. RBI Monetary Policy Meeting June 2024: The Monetary Policy Committee (MPC) of the Reserve Bank of India, which began…
A day after witnessing the worst trading session in four years, benchmark indices Sensex and Nifty recovered almost half of their losses on Wednesday after gaining over 3% each. The 30 share BSE Sensex closed at 74,382.24, up 2,303.19 points or 3.2 per cent. Nifty closed at 22,620.35, upturn 735.85 points or 3.36%. Sensex fell…
Amazon.in today announced two groundbreaking programs, Creator University and Creator Connect, aimed at bolstering the success of content creators on its platform. These initiatives form part of Amazon’s broader commitment to supporting influencers and fostering a thriving creator ecosystem. Creator University is an educational program designed to equip content creators with comprehensive tools and knowledge…
A day after the announcement of Lok Sabha elections, domestic stock market indices Sensex and Nifty, which opened nearly 1 percent higher on Wednesday (May 5), gained in morning trade. At 11:30 am, the Sensex rose 2.46% or 1,772.04 points to 73,851.09. The index opened at 73,027.88, up 1.32% compared to its previous close of…
Toyota Kirloskar Motor (TKM) accelerates its sustainability agenda with the launch of ‘Environment Month’, coinciding with World Environment Day. Under the theme “Unite for Responsible Resource Consumption Towards Becoming Global No.1,” TKM embarks on a month-long journey aimed at fostering eco-awareness and advocating for a greener future. Aligned with the Toyota Environmental Challenge 2050 (TEC…
Mumbai: Gross goods and services tax (GST) revenue for May 2024 stood at ₹1.73 lakh crore. This represents a 10 percent year-on-year increase, driven by strong growth in domestic transactions (up 15.3%) and a slowdown in imports (down 4.3%). After accounting for refunds, the net GST revenue for May 2024 is ₹1.44 lakh crore, showing…
