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Maldives to launch India’s RuPay service
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Maldives to launch India’s RuPay service

New Delhi, May 23, 2024.Notwithstanding the turbulence in their bilateral ties, the Maldives will soon launch India’s RuPay service, which a senior minister has said "will bolster the Maldivian Rufiyaa."RuPay, a product of the National Payments Corporation of India (NPCI), is the first of its global card payment network in India, with wide acceptance at ATMs, POS devices, and e-commerce websites across India.Minister of Economic Development and Trade Mohamed Saeed while announcing how both India and China have agreed to use local currency in bilateral trade, spoke about the upcoming launch of India’s RuPay.
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IndiGo to introduce business class in flights this year
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IndiGo to introduce business class in flights this year

New Delhi, May 23, 2024.After flying for nearly 18 years, the country's largest airline IndiGo on Thursday announced it will introduce business class in flights this year, as the carrier seeks to provide more options for passengers amid rising economic growth.The airline will launch a "tailor-made business product", the details of which will be unveiled around August that will also mark the 18th anniversary of the carrier.The latest announcement also comes less than a month after the profitable carrier said it would buy 30 wide-body aircraft.
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The BMW 220i M Sport Shadow Edition debuts in India
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The BMW 220i M Sport Shadow Edition debuts in India

Gurugram, May 23, 2024.The BMW 220i M Sport Shadow Edition has been launched in India today. Locally produced at BMW Group Plant Chennai, the limited edition is exclusively available at the BMW Online shop from today onwards.The BMW 220i M Sport Shadow Edition is available at an attractive ex-showroom price of INR 46,90,000.Price prevailing at the time of invoicing will be applicable. Ex-showroom prices inclusive of GST (incl. compensation cess) as applicable but exclude Road Tax, Tax Collected at Source (TCS), RTO statutory taxes/fees, other local tax cess levies and insurance. Price / options are subject to change without prior notice. For further information, contact an authorised BMW dealer. The BMW 2 Series Gran Coupé is available in two exciting colours - Alpine White (no...
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Jakson Group Unveils Next-Generation CPCB IV+ Compliant Gensets
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Jakson Group Unveils Next-Generation CPCB IV+ Compliant Gensets

New Delhi, May 23, 2024.Jakson Group, a leading Energy and Infrastructure solutions company, unveiled a groundbreaking advancement in its pursuit of innovation with the introduction of their CPCB IV+ Compliant Genset. This state-of-the-art product introduces cutting-edge features, setting new benchmarks for excellence and innovation in the power generation sector.Reflecting Jakson Group's 77+ years of commitment to quality and reliability, the CPCB IV+ Compliant Gensets epitomize innovation, offering cost savings and reduced environmental impact through superior fuel efficiency. Its compact structure coupled with remarkable load capacity ensures versatile use cases without sacrificing performance.On the launch of this advanced back-up energy solution, Mr. Sameer Gupta, Chairman...
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Fastrack Launches Fleek: The Party-Ready Watch Collection that Turns Heads
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Fastrack Launches Fleek: The Party-Ready Watch Collection that Turns Heads

Bengaluru, May 23, 2024.India’s iconic watch and accessories brand, Fastrack, unveils its electrifying new collection, ‘Fastrack Fleek’ with a campaign film that bursts with energy and attitude. The collection features 17 watches which fuse different eye catching elements, adding a dash of style and flair to every look. The campaign film is set in a surreal world, with dynamic visuals inspired by the shapes and facets of the watches. The video is a visual feast, featuring a mix of life size props, dynamic camera movements and a lively choreography that reflects the brand's ‘Seriously Playful’ attitude. It features the protagonists interacting with the bold shapes and each other in a fresh way while making a serious style statement. The Fastrack Fleek watches...
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ITC Q4 profit marginally down to Rs 5,191 cr, revenue up 2 pc at Rs 19,446 cr
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ITC Q4 profit marginally down to Rs 5,191 cr, revenue up 2 pc at Rs 19,446 cr

New Delhi, May 23, 2024.Diversified entity ITC Ltd on Thursday reported a marginal decline in consolidated net profit at Rs 5,190.71 crore for the fourth quarter ended March 31, 2024.The company had posted a net profit of Rs 5,242.59 crore in the same period previous fiscal, ITC said in a regulatory filing.Revenue from operations in the fourth quarter was at Rs 19,446.49 crore as against Rs 19,058.29 crore in the year-ago period, up 2 per cent, it added
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Max Life Partners with Yuvaa, for groundbreaking financial literacy initiative with a focus on Gen Z
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Max Life Partners with Yuvaa, for groundbreaking financial literacy initiative with a focus on Gen Z

New Delhi, May 23, 2024.Max Life Insurance Company Ltd. ("Max Life" / "Company") today announced a pioneering partnership with Yuvaa, India's first youth-driven content platform, to launch a multi-part video series focused on India's financial empowerment, with a primary focus on Gen Z. This strategic collaboration seeks to address the financial empowerment needs of differentiated cohorts within the Gen Z segment, including women, as well as the often overlooked segments, such as the LGBTQIA+ community.The initiative draws from the insights of Max Life's India Protection Quotient 6.0, a comprehensive study on the financial needs and priorities of demographics across urban India. This data-driven approach ensures the content series resonates with the younger audiences and ...
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IIFL Home Finance becomes India’s leading affordable housing finance company with AUM crossing ₹ 35,000 crores and PAT increasing by 32% YoY
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IIFL Home Finance becomes India’s leading affordable housing finance company with AUM crossing ₹ 35,000 crores and PAT increasing by 32% YoY

Mumbai, May 23, 2024. IIFL Home Finance Limited (IIFL HFL) has seen its Asset Under Management (AUM) swell from ₹ 28,512 cr in FY23 to ₹ 35,499 cr in FY24, witnessing a 25% YoY growth, making the company India's largest affordable housing finance company with an average ticket size of ₹ 14.26 lac.Basis the exchange reporting on May 6, 2024, the company with over 20% shareholding of Abu Dhabi Investments Authority (ADIA), saw its the revenue from operations rise from ₹ 2,712 cr in FY23 to ₹ 33,17 cr in FY24, recording a 23% YoY growth. The Profit After Tax saw a 32% jump from Rs 768. cr in FY 23 to Rs 1017 cr in FY 24. The NIM's saw an improvement of 80 bps and strengthened from 6.5% in FY 2223 to 7.3% in FY24, with capital adequacy ratio of 42.7%. The Gross NPA  also saw ...
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Bandhan Life Insurance Products Now Available on Bajaj Markets
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Bandhan Life Insurance Products Now Available on Bajaj Markets

New Delhi, May 22, 2024.Bajaj Markets, a digital financial marketplace, has partnered with Bandhan Life Insurance Limited (Formerly known as Aegon Life). This helps individuals access life insurance plans conveniently on Bajaj Markets. On this marketplace, individuals can explore life insurance policies offered by Bandhan Life Insurance Limited, such as:•  iTerm Comfort: Affordable term insurance with tax benefits and add-ons for comprehensive protection. Premiums start at Rs. 493/month.•  iTerm Prime: Customisable term insurance with flexible premiums and coverage amounts to tailor protection to individuals’ needs. Premiums start at Rs. 404/month.•  iGuarantee Max Savings: Combines life insurance with savings, offering enhanced financial security an...
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MAI Labs Unveils MayaaVerse, Bets Big onImmersive Tech
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MAI Labs Unveils MayaaVerse, Bets Big onImmersive Tech

New Delhi, 22nd May 2024.MAI Labs, a leader in the deep tech known for its innovative,immersive,and regulatory technologies, proudly announces the launch of MayaaVerse. This state-of-the-art immersive tech platform is embedded with AI and engineered to revolutionize human interactions and creativity within digital realms, offering unparalleled virtual immersion.According to a report by Mckinsey, the immersive tech domain presents a vast opportunity, projected to generate up to $5 trillion by 2030 across consumer and enterprise applications. With significant investments already pouring in, it is poised to revolutionize both commercial and personal spheres, impacting our lives profoundly.MAI Labs is backed by global investors who have committed over $17.5 million at a valuation o...
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Shriram General Insurance’s Q4 Results
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Shriram General Insurance’s Q4 Results

Jaipur, May 2024.Shriram General Insurance Company (SGIC) has announced that its Gross Written Premium (GWP) during Q4 FY24 has increased by 30% to Rs 876 crore, over the same period last year.  For the fiscal year ended March 2024, the insurer witnessed a 34% growth in GWP, surpassing the industry growth of 12.8%. The company wrote 1474981 policies in Q4FY24 and earned a net profit of Rs. 121 crore during the fourth quarter of FY24. Profits for the year rose 22% YoY at Rs 455 crore. The company has settled 55997 claims during Q4 FY24, compared to 42442 in the year ago period. The solvency ratio was 4.02 as of March 2024 against the regulatory requirement margin of 1.5. The number of live policies has gone up from 52.95 l...
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Intellect launches eMACH.ai-composed Intellect Digital Core for Cooperative Banks 
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Intellect launches eMACH.ai-composed Intellect Digital Core for Cooperative Banks 

Mumbai, May 2024.Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, announces the launch of the Intellect Digital Core for Cooperative Banks in India. This comprehensive, enterprise-grade banking technology solution is composed of eMACH.ai, the world’s largest open finance platform engineered by the ‘First Principles’ Thinking for financial institutions to design future-ready technology solutions. Drawing on the composable and contextual core banking technology that runs some of the world’s largest banks, Intellect brings the same expertise for cooperative banks as a Digital India initiative. With three decades of domain expertise and ‘Design Thinking’ at our core, we have ...
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Gentle Monster: Grab TECNO CAMON 30 Series with massive 512GB ROM on May 23rd
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Gentle Monster: Grab TECNO CAMON 30 Series with massive 512GB ROM on May 23rd

New Delhi, May 22, 2024.The wait is finally over! TECNO, the global smartphone, just announced the sale of the smartphone that brings the photography revolution. The TECNO CAMON 30 Series sets new standards in mobile photography, emphasizing TECNO's commitment to capturing in style. Starting at an incredible price of ₹19,999, the highly awaited lineup includes the CAMON 30 5G available in two storage variants and the CAMON 30 Premier 5G.With features such as India's first 100MP OIS Mode with 50MP AF Front Camera, Super Night Mode, and AI enhancements, CAMON 30 Series encourages users to "See what's never been seen" allowing users to capture the best possible video and photography effortlessly, turning every moment into a true masterpiece.Get ready to embrace the extraordin...
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Motorola edge 50 Fusion Goes on Sale
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Motorola edge 50 Fusion Goes on Sale

New Delhi, May 22, 2024.Motorola, India’s fastest-growing Android brand recently launched the motorola edge 50 Fusion, disrupting the sub 25K smartphone segment with its numerous segment best features. The motorola edge 50 Fusion comes with the segment’s most advanced Sony-LYTIA™ 700C sensor in its primary camera, the segment’s only IP68 underwater protection with Smart Water touch technology, and segment’s brightest 144Hz 10-bit pOLED 3D curved display with Corning® Gorilla® Glass 5 protection. It goes on sale today at 12 PM onwards on Flipkart, Motorola.in and leading retail stores across India at an incredible limited period offer price starting just at Rs. 20,999 including all offers.The motorola edge 50 Fusion is equipped with a 50MP 2.0µm Ultra Pixel Main OIS Camera with...
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TATA AIG’s Student Travel Insurance: Safeguarding Your Dreams Abroad
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TATA AIG’s Student Travel Insurance: Safeguarding Your Dreams Abroad

Mumbai, May 22, 2024.TATA AIG General Insurance Company Limited, one of the leading insurance providers of India, offers Student Guard- Overseas Travel Insurance specifically designed to address the students pursuing their education abroad. This comprehensive plan empowers students to focus on their academic pursuits with peace of mind, knowing they are financially protected against unforeseen circumstances such as: •  Accident & Sickness Medical Expenses•  Accidental Death and Dismemberment•  Emergency Medical Evacuation•  Repatriation of Remains•  Loss of Passport•  Baggage Delay / Loss (Common Carrier)•  Trip Delay Some of the key features of the policy include:Unforeseen Medical Expenses:...
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Nippon India Mutual Fund Launches Industry-First Sonic Identity: The Sound of Freedom
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Nippon India Mutual Fund Launches Industry-First Sonic Identity: The Sound of Freedom

New Delhi, May 22, 2024.Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), proudly announces the unveiling of its groundbreaking sonic identity — a powerful soundscape symbolizing financial freedom.NIMF is the first asset management company (AMC) in India to launch its own brand sound. This innovative initiative underscores the company's commitment to innovation and fostering deeper connections with investors.Inspired by the trust of NIMF's investors, the brand sound embodies the essence of reliability and establishes a distinct brand identity in the competitive financial landscape. It serves as a testament to the company's gratitude towards its investors.Crafted by BrandMusiq, India's leading specialist in sonic id...
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Cleartrip adds a host of travel benefits to Flipkart’s and Myntra’s Reward Programs
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Cleartrip adds a host of travel benefits to Flipkart’s and Myntra’s Reward Programs

Bengaluru, May 2024.With its customer-centric approach, Cleartrip, a Flipkart company, will now extend unique flight and hotel booking benefits to members of Flipkart Plus and Myntra Insiders (loyalty programs for Flipkart and Myntra). This strategic move reflects the commitment to enhancing customer satisfaction and fostering loyalty across the Flipkart Group of companies and its ecosystem of brands, including Cleartrip and Myntra.The program will help maximize user benefits with each transaction. Cleartrip will now provide an array of Value-Added Services (VAS), which will also be extended to loyalists of the Flipkart group companies.Key Features of the Flipkart Group Companies Benefits Program:Flipkart VIP: Members enrolled in the VIP tier can access ClearChoice Max (Fr...
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Vivo Y200 Pro 5G smartphone launched in India
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Vivo Y200 Pro 5G smartphone launched in India

Jaipur. May 21, 2024.Chinese smartphone brand Vivo has launched the Y200 Pro 5G smartphone in its Y-series portfolio in India. The Y200 Pro 5G smartphone is the slimmest smartphone with 3D curved display in the segment, Vivo said in a press note. Offered in Silk Green and Silk Black colours, the Vivo Y200 Pro 5G smartphone is now available for purchase with introductory offers on Flipkart, Vivo India e-store, and select retail stores.The Vivo Y200 Pro smartphone sports a 6.78-inch 3D curved AMOLED display with FHD resolution and 120Hz refresh rate. The smartphone weighs 172g and has a silk cloud texture design. Vivo said the smartphone has a 2.3mm narrow frame and an ultra-slim body. For imaging, the smartphone has a 64-megapixel main camera with optical image stabilisation. The ca...
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Infinix GT 20 Pro launched in India
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Infinix GT 20 Pro launched in India

Jaipur, May 21, 2024.The Infinix GT 20 Pro has been announced in India and it is a new entrant in the sub-Rs 25,000 segment. Some of the key features of the mid-range device are a 144Hz display, a Dimensity 8200 Ultimate SoC, a 5,000mAh battery, a triple rear camera setup, and more. It will be seen competing with OnePlus Nord CE 4, Nothing Phone 2a, iQOO Z9 and other devices. Here is a look at the top specs, key features and India price of the new Infinix phone.The Infinix GT 20 Pro comes with a starting price of Rs 24,999 for the 8GB RAM + 256GB storage model. The 12GB RAM + 256GB storage configuration will cost you Rs 26,999. There is a discount offer of Rs 2,000 on SBI, ICICI, and HDFC bank cards. This will effectively bring down the price to Rs 22,999. The mid-range device will...
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New BMW S 1000 XR launched in India at Rs 22.50 lakh
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New BMW S 1000 XR launched in India at Rs 22.50 lakh

New Delhi, May 21, 2024.The new BMW S 1000 XR was launched in India today at Rs 22.50 lakh (ex-showroom). Available as a completely built-up unit (CBU), this motorcycle can be booked at all BMW Motorrad India-authorised dealerships.Available in three colour options (Blackstorm metallic, Gravityblue metallic with Style Sports and Lightwhite solid paint/Motorsport with M Package), the BMW S 1000 XR employs a reworked in-line 4-cylinder engine, which generates a peak output of 170hp and a maximum torque of 114Nm. The motorcycle sprints from 0-100kmph in 3.25 seconds and can achieve a maximum speed of 253kmph.
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Domestic air passenger growth in April slows to over two-year low of 2.4% YoY
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Domestic air passenger growth in April slows to over two-year low of 2.4% YoY

New Delhi, May 21, 2024.The growth in India’s domestic air passenger traffic slowed to 2.4 per cent year-on-year (YoY) in April, the lowest level of YoY growth in 26 months, mainly due to the high base of last year when the domestic aviation sector made a full recovery from the pandemic, indicates the data from the country’s civil aviation regulator. A few other factors constraining capacity deployment and ramp-up by Indian carriers have also been adding to the downward pressure on passenger growth over the past few months.The country’s total domestic air passenger pie expanded to 1.32 crore in April, up from 1.29 crore in the year-ago month, as per data from the Directorate General of Civil Aviation (DGCA). Sequentially, the domestic air passenger traffic in April was 1.3 per cent...
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Audi India launches Audi Q7 Bold Edition
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Audi India launches Audi Q7 Bold Edition

Mumbai, May 2024.Audi, the German luxury car manufacturer, today announced the launch of the Audi Q7 Bold Edition featuring a striking black design that radiates elegance and sophistication.The Bold Edition boasts a gloss black grille, black Audi rings in the front and rear, black window surrounds, black ORVMs and black roof rails. Priced at INR 97,84,000, this Bold Edition is certain to be coveted by Audi enthusiasts seeking an individualistic expression. With limited units available, the Audi Q7 Bold Edition will be offered in four exterior colors: Glacier White, Mythos Black, Navarra Blue & Samurai GreyCommenting on the launch, Mr. Balbir Singh Dhillon, Head of Audi India said, “The Audi Q7 has been an icon in Audi's Q family, merging remarkable driving dynamics with inc...
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