Articles for category: Business

Market News

Sanlam ventures into India’s wealth management, seizing growth amid economic transformation, as its profits soar on strategic partnerships.

Sanlam ventures into India’s wealth management, seizing growth amid economic transformation, as its profits soar on strategic partnerships.

Sanlam Ltd., Africa’s largest insurer, is set to expand into India’s rapidly growing asset and wealth management sector. Building on its initial partnership with Shriram Capital Group established in 2005, Sanlam plans to launch a joint venture that focuses on wealth and advisory services. CEO Paul Hanratty highlighted that many Indians are starting to save ...

Market News

Amidst the complexities of EV charging, unexpected delays turn a family road trip in Wyoming into a frustrating adventure.

Amidst the complexities of EV charging, unexpected delays turn a family road trip in Wyoming into a frustrating adventure.

Electric vehicle (EV) drivers often face unexpected challenges at charging stations, especially in places like Wyoming. A recent experience highlighted how advertised charging speeds can be misleading, as a Rivian SUV struggled to get a full charge from a station promising 350 kW, ultimately slowing a planned road trip by two hours. Factors like varying ...

Market News

Mercedes-Benz India unveils the Maybach EQS 680 SUV, aiming for top five luxury markets amid a growing electric vehicle landscape.

Mercedes-Benz India unveils the Maybach EQS 680 SUV, aiming for top five luxury markets amid a growing electric vehicle landscape.

Mercedes-Benz India is focusing on expanding its Maybach brand, aiming to position India among the top five markets for Maybach sales. Recently, the company launched the all-electric Mercedes-Maybach EQS 680 SUV, starting at Rs 2.25 crore. CEO Santosh Iyer emphasized the brand’s strategic importance and projected growth potential in the luxury segment, highlighting that they ...

Market News

Wells Fargo launches a Transgender Hiring Program in India, enhancing workforce diversity and promoting inclusion for marginalized communities.

Wells Fargo launches a Transgender Hiring Program in India, enhancing workforce diversity and promoting inclusion for marginalized communities.

Wells Fargo is strengthening its commitment to diversity by launching the Transgender Persons Hiring Program in India. This initiative aims to enhance representation and provide professional development for transgender individuals, following a successful pilot program that hired 13 candidates in 2022. The program, in collaboration with the community organization PeriFerry, currently sponsors 30 transgender individuals ...

Market News

Generative AI fuels TCS’s rapid growth in engineering and design, transforming product cycles and propelling India’s tech industry to new heights.

Generative AI fuels TCS’s rapid growth in engineering and design, transforming product cycles and propelling India’s tech industry to new heights.

Tata Consultancy Services (TCS) is leveraging generative AI to enhance its engineering research and design capabilities, leading to a 20% acceleration in product development cycles for major clients like Rolls Royce and Jaguar Land Rover. This sector is projected to grow significantly, with an expected value of $170 billion by 2030, nearly quadrupling from current ...

Market News

Rahul Gandhi demands an apology from PM Modi for insulting Shivaji Maharaj, igniting political tensions in Maharashtra over statue controversy.

Rahul Gandhi demands an apology from PM Modi for insulting Shivaji Maharaj, igniting political tensions in Maharashtra over statue controversy.

Congress leader Rahul Gandhi stated that Prime Minister should apologize not only to the legendary Shivaji Maharaj but also to the people of Maharashtra. This remark came after the unveiling of a statue to honor the late Congress minister Patangrao Kadam. In other news, Reliance Industries announced a 1:1 ratio issue of bonus shares. The ...

Market News

RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.

RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.

Shaktikanta Das, Governor of the Reserve Bank of India, affirmed that India’s economic growth story remains strong despite a slowdown in GDP during the first quarter. He highlighted that consumption and investment are both increasing. Das emphasized the need for new members in the Monetary Policy Committee to ensure timely meetings. He noted optimism in ...

Market News

Star Health launches a Braille insurance policy, empowering visually impaired individuals with tailored coverage and career opportunities for inclusivity.

Star Health launches a Braille insurance policy, empowering visually impaired individuals with tailored coverage and career opportunities for inclusivity.

Star Health and Allied Insurance has launched the “Special Care Gold” policy, a health insurance plan specifically designed for individuals with disabilities in India. This innovative policy, presented in Braille, aims to empower the visually impaired by providing them easy access to health insurance information. It covers essential medical treatments and support services for those ...

Market News

Delhi CM Arvind Kejriwal faces legal turmoil as the CBI’s arrest sparks a dramatic battle over corruption allegations in an excise policy scandal.

Delhi CM Arvind Kejriwal faces legal turmoil as the CBI’s arrest sparks a dramatic battle over corruption allegations in an excise policy scandal.

Delhi Chief Minister Arvind Kejriwal is seeking bail from the Supreme Court after being arrested by the CBI on June 26 related to an alleged excise policy scam. His lawyer argued that Kejriwal was not named in the CBI’s FIR and emphasized that he is not a flight risk, highlighting previous bail grants by the ...

Market News

Glenmark Pharmaceuticals agrees to a  million settlement over drug pricing misconduct, reflecting ongoing challenges in the pharmaceutical industry.

Glenmark Pharmaceuticals agrees to a $25 million settlement over drug pricing misconduct, reflecting ongoing challenges in the pharmaceutical industry.

Glenmark Pharmaceuticals has reached a settlement with the US Department of Justice, agreeing to pay $25 million due to a case involving the pricing of a generic drug. This payment will be made in six installments over five years, accruing interest at a rate of 4.25 percent from May 2024. The settlement, announced in a ...

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