The company experienced an 8% year-on-year increase in its Value of New Business (VNB) during the quarter. The Annualized Premium Equivalent (APE) rose by 34.4% to ₹1,963 crore, compared to ₹1,461 crore in the same quarter last year. This growth was largely driven by a 135% rise in the annuity business, albeit from a smaller…
Suzlon Group, India’s largest renewable energy solutions provider, announced its first quarter results for the financial year 2024-25 (Q1 FY25). Girish Tanti, Vice Chairman, Suzlon Group, said on the occasion, “We have consistently outperformed ourselves across all performance parameters for the last several quarters. This is a good indication of our readiness to meet industry demand and…
Madison Media, a unit of Madison World, today announced the return of Pallavi Patil as Vice President – Insights & Strategy. In her new role, Pallavi will report to Vikram Sakhuja, Group CEO of Madison Media & OOH. With over 19 years of experience in data science, insights, and strategic planning, Pallavi brings a wealth…
Pratap Singh, a senior bureaucrat and Principal Commissioner of Income Tax offered a glowing analysis of the Union Budget 2024, calling it a “futuristic, growth-oriented, and holistic” plan that lays the groundwork for a thriving India – a Vikasit Bharat. He is a respected figure within the Indian Revenue Service (IRS), highlighted the budget’s focus…
Ecom Express Limited, a technology-driven end-to-end logistics solutions provider, announces the appointment of two senior executives to bolster its leadership team. Mr. Jitendar Kumar joins the Ecom Express team as the Chief Business Officer, while Mr. Abhinav Imandi takes on the role of Senior Vice President – Operations, Process Excellence, and Alternate Channels. Speaking on…
MASH Project Foundation, an award-winning social enterprise creating a global ecosystem for social impact through cause-led marketing & communications, community-building, and capacity development, is thrilled to announce the addition of Andrew Schirmer, a distinguished executive leader in healthcare, marketing, and communications, to its Board of Advisory. Based in New York, Schirmer with his extensive experience…
NXTDIGITAL, the rapidly growing digital media division of technology-led customer experience company Hinduja Global Solutions Ltd. (HGS), with a presence in digital television via cable and satellite, broadband, enterprise services, OTT aggregation and content syndication has appointed Jaydeep Sampat as its Chief Technology Officer. Jaydeep, a communications industry veteran with over three decades of experience…
The National Payments Corporation of India (NPCI) has launched the ‘UPI One World’ wallet, a groundbreaking initiative aimed at providing inbound travelers from all nations with a seamless digital payment experience in India. This new service is designed to enhance the ease of exploring India’s cultural and natural attractions. Additionally, it will be available to…
As the Union Budget 2024 approaches, fintech leaders are voicing their expectations for measures that will foster innovation and support for the sector. Industry experts emphasize the need for enhanced tax incentives and regulatory clarity to boost digital financial services and improve financial inclusion. They advocate for policies that will facilitate the adoption of advanced…
Vedanta Limited has announced the successful completion of its maiden Qualified Institutional Placement (QIP), raising ₹8,500 crore. The QIP was launched on July 15, 2024, and closed on July 19, 2024, receiving applications for equity shares approximately 2.6 times the offer size from prominent domestic mutual funds, foreign institutional investors, large family offices, and multi-strategy…
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