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08 Oct

Ujjivan SFB report 17% increase in total deposits

Business Bureau0 CommentsBusiness

Ujjivan Small Finance Bank (USFB) has reported a significant 17% year-on-year (YoY) growth in total deposits for the quarter ending September 30, 2024, reaching ₹34,046 crore. This represents a 5% increase over the previous quarter (Q1 FY25), showcasing strong momentum in the bank’s deposit base. The CASA (Current Account Savings Account) book saw an impressive 26% YoY growth, now standing at ₹8,822 crore, contributing to a CASA ratio of 25.9%. The bank’s Gross Loan Book also recorded a 14% YoY growth, now at ₹30,344 crore. Affordable housing continued to be a key driver of growth, with disbursements in this segment…

08 Oct

The IPO of Garuda Construction and Engineering Ltd all sale on 1st day

Banasree Sarkar0 CommentsBusiness

Garuda Construction and Engineering Ltd made its primary market debut today. On October 7, the company that provides civil construction services received ₹75 crore from anchor investors in preparation for its first public offering. Garuda Construction and Engineering's IPO price band is set at ₹92-95 per share, with a total offer value of ₹264.10 crore. Investors can subscribe to the initial share offering from today until October 10. Half of the issue size has been assigned to qualified institutional buyers, 35% to retail investors, and the remaining 15% reserved for NIIs. Interested investors may bid for a minimum of 157…

08 Oct

Kangla Fort lights up for Smile Train’s Guinness record bid on World Smile Day®

Business Bureau0 CommentsBusiness

To raise awareness for children born with clefts, Smile Train India illuminated Imphal’s Kangla Fort on October 4 as part of its Guinness World Records™ attempt for World Smile Day®. This nationwide initiative, covering 13 heritage landmarks, highlighted the organization's 25-year commitment to providing life-changing cleft surgeries to children across India. Smile Train’s Senior Vice President, Mamta Carroll, expressed the emotional impact of the campaign, noting, "Every landmark that lights up signifies hope for children born with clefts, shining a spotlight on the life-transforming surgeries provided by Smile Train." Local partner, Shija Hospitals and Research Institute, played a key role…

08 Oct

Make Your Gifts More Auspicious with ITC Mangaldeep’s ‘Pujo Pujo Gondho’ Giftbox

Business Bureau0 CommentsBusiness

As the vibrant festivities of Durga Puja approach, ITC Mangaldeep has unveiled its limited-edition ‘Pujo Pujo Gondho’ gift box, designed specifically for the devotees of West Bengal. This aromatic gift box aims to enhance the auspiciousness of the celebrations, embodying the spirit of the festival. The ‘Pujo Pujo Gondho’ gift box features the sweet aroma of Anjali agarbatti, synonymous with the Pushpanjali rituals, and includes Dhuno Cups for the traditional Dhunachi dance, complemented by a miniature dhunachi holder. To evoke the emotions of Doshomi, the package also contains Bisarjan Agarbatti, reminiscent of the Bijoya Doshomi fragrance. Gaurav Tayal, Chief Executive…

08 Oct

Akasa Air embraces festive spirit with Dussehra special meal celebrating Bengali flavors

Business Bureau0 CommentsBusiness

Café Akasa, the onboard meal service of Akasa Air, embraces the joyous essence of the festive season with the launch of its third edition Dussehra special meal, celebrating the rich culinary traditions of Bengal. This unique meal features the flavourful Hinge Aer Dal Kochuri, a delightful combination of spices and lentils, complemented by Kaju Fulkopi, a local cauliflower dish and a decadent Baked Rasgulla for dessert, served with a beverage of choice. This specialty meal will be available throughout October 2024 across the Akasa Air network and can be easily pre-booked through Akasa Air’s website or mobile app. Durga Puja,…

07 Oct

Samsung India announces winners for ‘Solve for Tomorrow 2024’

Business Bureau0 CommentsBusiness

Samsung India has announced the winning teams, Eco Tech Innovator and METAL for the 3rd edition of ‘Solve for Tomorrow 2024’, the company’s flagship national education and innovation competition. While Eco Tech Innovator from Golaghat, Assam was declared the Community Champion in the School Track, METAL from Udupi, Karnataka was announced as the Environment Champion in the Youth Track, demonstrating the reach of the programme outside major Indian cities. Eco Tech Innovator, which developed an idea around equitable access to non-contaminated potable drinking water, received a seed grant of INR 25 lakh for prototype advancement. METAL, which developed technology for…

07 Oct

Ujjivan Small Finance Bank expands horizons with RBI AD 1 licence for forex services

Business Bureau0 CommentsBusiness

Ujjivan Small Finance Bank has embarked on an exciting journey of growth by securing an Authorised Dealer Category 1 (AD 1) licence from the Reserve Bank of India (RBI). This pivotal development allows the bank to roll out a diverse range of foreign exchange products and services, a move poised to reshape its offerings in the financial sector. With the new AD 1 licence, Ujjivan can now facilitate comprehensive forex transactions, enabling customers to buy, sell, and borrow in foreign currencies. The bank's services will span across retail banking, MSME/trade finance, and treasury operations, introducing remittances, FCNR/RFC deposits, Forex cards,…

07 Oct

ITC Mangaldeep announce its collaboration with the upcoming premier Bengali film ‘Bohurupi’

Business Bureau0 CommentsBusiness

ITC Mangaldeep, one of India's leading incense brands, has partnered with the much-anticipated Bengali film Bohurupi as its official devotional partner. In a dual role, Mangaldeep will also serve as the title sponsor for the movie’s music launch. Directed by renowned filmmakers Nandita Roy and Shiboprasad Mukherjee, Bohurupi features a star-studded cast including Abir Chatterjee, Ritabhari Chakraborty, and Koushani Mukherjee. The film is expected to be the biggest release during West Bengal’s Durga Puja festivities. This collaboration marks Mangaldeep's first foray into Bengali cinema, following its successful partnership with Pushpa 2 in the South. Mr. Gaurav Tayal, Chief Executive of…

07 Oct

Campus Activewear launchesnew collection at Retailer Meet in Muzaffarpur

Business Bureau0 CommentsBusiness

Campus Activewear Ltd., one of India’s largest sports and athleisure footwear brands, hosted its Annual Retailers’ Meet in Muzaffarpur in partnership with Tag Activewear. The event, attended by over 155 retailers, showcased the company’s commitment to providing footwear solutions for all daily activities, catering to diverse customer needs across genders and age groups. The brand introduced several new collections, including a youth-focused sneaker range, "Sneakers for Her," the Ultrawalk collection for walkers, and a revamped kids' line featuring light-up shoes. Campus Activewear’s Chief Marketing Officer, Prerna Aggarwal, emphasized the company's focus on celebrating “everyday moments” with products that combine style,…

07 Oct

Bandhan Bank Q2 business growth: 24.6% inflation

Priyanka Roy0 CommentsBusiness, News

Kolkata, Oct 06 (PTI) Private sector Bandhan Bank's total business grew 24.6 per cent in the second quarter of the current financial year. The bank gave this information in a regulatory filing to the stock exchanges.Total turnover reached Rs 2,73,163 crore by the end of September 30, 2024, as against Rs 2,19,712 crore in the previous corresponding period, registering a growth of 24.6 per cent.The bank's loans and advances stood at Rs 1,30,652 crore at the end of the current second quarter, while deposits reached Rs 1,42,511 crore, the bank said.The collection efficiency ratio across all business lines of the…