WEB NEWS

  Launch digital community called ‘Yes Moms’ to empower moms and return the joy of feeding  Marking International Year of Millets, Anushka Sharma emphasizes the importance of the supergrains and their role in setting children up for a healthy, happy future by Priya J National, January 23, 2023:  Millet-based children’s food brand Slurrp Farm today unveiled “Yes Moms”, a digital-first community of mothers to enable mothers to connect with, learn from, and support one another. Yes Moms was launched at a high-decibel event in Mumbai by mother, Bollywood actor, and Slurrp Farm investor, Anushka Sharma. The event saw the presence of over 150 mothers from across the country. Mothers are constantly thinking of and worrying about their kids, especially when it comes to feeding them. But what makes this journey easier is dialogue and support from others who are going through the same experiences. The sisterhood of moms is one of the biggest pillars of strengths for them to lean on...

by Priya J Consistent delivery across all key metrics – Private market share: 15.8%, VNB growth: 22%, PAT growth: 18% ·  Faster than industry growth in Q3 ·  Strong growth in protection on the back of 52% growth in credit protect business ·  68% growth in Annuity APE ·  Operating ROEV at 17.5% ·  18% growth in PAT to Rs. 1,001 crore New Delhi, January, 2023:  The Board of Directors of HDFC Life approved and adopted today the audited standalone and reviewed consolidated financial results for the nine month ended December 31, 2022. Below is the summary of our standalone results: Commenting on the 9M FY23 performance, Ms. Vibha Padalkar, MD & CEO said “While globally, headwinds persist from an economic perspective, India appears to be relatively better positioned. Insurance as a sector continues to be a beneficiary of a relatively robust economy, stable savings trends and favourable regulatory regime. Against this backdrop, we continue to maintain a steady...

by Priya J The  product range with the Latest BEE labels features Flexi-Control Technology to adjust cooling capacity and save energy  Rapid Cool feature, along with PowerX Inverter technology, provides an instant efficient cooling effect in 20 minutes, even at 55-degree celsius  The ACs are available in four capacities, starting from INR 28,499 onwards  Bengaluru – 20 January , 2023 : realme, the fast-growing technology brand, today announced the expansion of its air conditioner range in realme TechLife ecosystem on Flipkart to cater to the customers’ cooling requirements. The new range of realme’s energy efficient 4-in-1 Convertible Inverter air conditioner features Flexi Control technology  which allows consumers to operate the AC at different capacities based on the number of people in the room, thus resulting in significant power saving.  The new range of realme air conditioners will be available on Flipkart in 1.0 and 1.5- ton capacities with 4-5...

  by Priya J India’s biggest integrated Housewares & Home Appliances Trade Fair, Vibrant India 2023 has commenced from 20th to 22nd January, 2023 at Nesco Centre,Mumbai. More than 500+ exhibitors and over 30,000 visitors from India and across the world are expected to visit the three day exhibition. Vibrant India 2023 is the 9th Edition of one of India’s biggest integrated “HOUSEWARES & HOME APPLIANCES TRADE FAIR- 2023.” It is an international exhibition and conference on Houseware, Kitchenware, Tableware, Hotelware, Glassware, Plasticware, Thermoware, Utensils, Kitchen Appliances, Crockery, Home Appliances & Stainless-Steel Industry. The exhibition is organized by Vibrant India Event Solution i.e. Vibrant India Magazine. Celebrity Chef Mr. Harpal Singh Sokhi will inaugurate the VIBRANT INDIA 2023 exhibition. In the endeavor to build the Houseware, Kitchenware Industry like, Home appliances and Household segments Vibrant India is also inviting a few leading brands of th...

by Priya J With 900 member brokers, ANMI has conducted India’s largest survey on “The changing role of technology in broking”. Key highlights are: ●      Over 71.43% brokers are considering aggressive hiring in their IT team ●      1/3rd of investment of broking firms is expected to be made in technology ●      80% of their business process have now shifted from physical to digital Mumbai, 20 Jan 2023: The Association of National Exchanges Members of India (ANMI), India’s largest grouping of over 900 exchange brokers and members, released the StockTech survey report, which focused on financial market technologies. The event unveiled the results of the StockTech Survey, conducted by ANMI to provide insight into technological trends in the stock brokering industry and the extent of technology penetration in the capital markets. The survey found that 61% of companies did not face any IT-related issues in the past year, ...

  by Priya J   Profit After Tax (PAT) at Rs. 454 crore , up 39% Year-on-Year (YoY), with Retail PAT constituting 87% of the consolidated PAT Retail portfolio mix  of the company now stands at  64%  of the total loan book ‘ Single large lending entity ’ -  Proposed merger of its subsidiary lending entities: L&T Finance Ltd. and L&T Infra Credit Ltd. with itself, i.e., the non-lending, equity-listed holding company - L&T Finance Holdings Ltd. Powering up with digital technology towards becoming a  Fintech@Scale January, 2023, New Delhi:  L&T Finance Holdings Ltd. (LTFH), one of the leading Non-Banking Financial Companies (NBFCs), is scaling up on its journey towards becoming a customer-focused, retail financier and has recorded the highest-ever quarterly retail disbursements at Rs. 11,607 crore for the quarter ended December 31, 2022. This translates into a growth of 53 percent compared with the same quarter a year ago and a growth o...

by Priya J India is home to   over   60  unique ethnic and artisanal weaves With over   10 lakh+   sarees in its portfolio and   one saree bought every minute  during  The Big Billion Days ,   Flipkart   recorded a length of over   11,600km   of sarees, purchased during the flagship event Pink   and   red   are the most popular saree choices followed by black, blue, green and yellow in metro cities West Bengal  and   Odisha   top the charts in terms of the buying the most sarees on Flipkart, followed by cities including Bangalore, New Delhi and Hyderabad Diwali, Chhath Puja, Karvachauth, Navratri, Wedding Season   and   The Big Billion Days  are key peak seasons for purchasing the attire online Bollywood  has a high influence on saree purchases on Flipkart with celebrity styles such as Deepika Padukone leading customer searches With a heritage spanning over 5,000 years, the Indi...

Surpasses 99% benchmark of Claims Settlement Ratio third year in a row by Priya J New Delhi, January 10, 2023:  Max Life Insurance Co. Ltd  (“Max Life”/ “Company”), has announced that it disbursed 30,830 death claims worth INR 2,009 crore in the financial year 2021-22, attaining an  individual death claims paid ratio of 99.34% . With this, Max Life has surpassed the coveted 99% benchmark for three consecutive financial year Max Life has deployed predictive analytics-based underwriting models and robust fraud management, strengthened by digitized forensic controls, to ensure a seamless claims settlement process for its customers. With this, over the last five years, Max Life has consistently improved its claims paid ratio from 98.26% 1  in FY’18 to 99.34% in FY’22. Mr. Prashant Tripathy, MD & CEO, Max Life  said, “ The moment of truth for any life insurer comes at the time of ‘claims settlement’ – the most crucial juncture of the insurer-customer relationship...

by Priya J Monday, January 9, 2023 :  HSBC Mutual Fund today announced the launch of HSBC Multi Cap Fund – an open-ended equity scheme investing across large cap, mid cap and small cap stocks. The new fund offering (NFO) opens on 10 January 2023 and closes on 24 January 2023. The HSBC Multi Cap Fund aims to provide long-term wealth creation by investment in equity and equity related securities across market capitalization. The fund will have minimum weightage to large, mid and small caps (minimum of 25% in each) and flexible allocation of balance up to 25% to equity or debt securities and money market instruments. Given this structure, the fund has the potential to offer effective diversification. With HSBC Multi Cap Fund, the first NFO post the acquisition of L&T AMC and schemes of L&T Mutual Fund by HSBC Asset Management (India) Private Ltd (HSBC AMC), HSBC Mutual Fund now offers funds in most of the categories as per the Securities and Exchange Board   of   Ind...