Bright News

The Life Insurance Corporation of India (LIC) has taken note of the USTR’s recent remarks regarding the favourable treatment extended to LIC by the Government of India. LIC wishes to clarify that LIC is treated like any other insurance company by the Government and Regulators. The guarantee—provided at the time of its establishment in 1956—is a statutory provision designed to build public confidence in the early years of nationalisation. It has never been invoked or used as a marketing tool or provided any undue advantage to LIC. For the past 25 years, LIC has operated in a fully competitive market alongside 24 private life insurance companies. It is regulated by IRDAI and SEBI and receives no special treatment from the Government or any regulatory authority. LIC’s leadership in the insurance sector is entirely due to the trust of its policyholders, its commitment to service excellence, and its financial strength and transparency. With a legacy of over 69 years, LIC conti...

Mumbai, 3rd April 2024: The 31st edition of the GD Birla Memorial Masters Inter-Club Badminton Tournament will be played at the Bombay Gymkhana from April 4-6 and 8-12.  Regarded as the premier veteran badminton tournament in the circuit, the event continues to grow in prestige, drawing top veteran players from across several districts. The event, promoted by Badminton Gurukul, has garnered over 20 teams and more than 150 individual entries, reinforcing its reputation as a marquee competition for veteran players. "We at Badminton 45 are very happy to present the 31st edition of the GD Birla Badminton Tournament," said Ayaz Bilawala, Organizing Secretary. "As an addition to the bouquet of events we already offer to the veteran circuit, this tournament has now become the most sought-after event, thanks to the active veteran badminton community. It is a privilege to have Bombay Gymkhana co-host the event, and we have witnessed the tournament grow in leaps and bounds over th...

Jaipur-based Advance Agrolife Limited, an agrochemical company engaged in manufacturing a wide range of agrochemical products that support the entire lifecycle of crops, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO). The IPO, with a face value of Rs 10, is entirely a fresh issue of shares up to 19,285,720 with no offer-for-sale component. It includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation portion. The proceeds from the fresh issue to the extent of Rs. 135 crores for funding working capital requirements and general corporate purposes. The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-ins...

India –  April 03, 2025  – Goa’s glistening coastline and vibrant nightlife have made it one of India’s most sought after travel destinations. However, beyond the bustling beaches lies a world waiting to be explored, rich in heritage, artistry and local traditions — where colonial-era mansions, serene spice plantations, and vibrant markets tell the story of Goa’s deep-rooted cultural legacy. To bring this lesser-known side of Goa into the spotlight, Airbnb, in collaboration with the Goa Tourism Department, proudly launches   ' Goa Unseen ' —a digital guidebook that takes travelers beyond the obvious, uncovering  the very soul of the state through its hidden cultural treasures and heritage gems. As a part of Airbnb and Goa Tourism Department’s  Rediscover Goa  campaign, the  ‘ Goa Unseen ’  guidebook is designed to encourage travelers to explore the state’s hidden gems. The guidebook was launched in the presence of  Shri Rohan Khaunte, Hon’ble...

With #HyperDelivery, Ola Electric has completely transformed the vehicle purchase & delivery experience in the automotive segment Pilot of #HyperDelivery has started in Bangalore, and will be scaled up across India during this quarter Company implemented AI to automate many steps through the registration process and removed middlemen to make the registration & delivery process smoother and more efficient Bengaluru,  April 3, 2025 :  Ola Electric, India’s largest pure-play EV company,  today  announced #HyperDelivery, offering same-day registration and delivery of vehicles. Pilot of #HyperDelivery has started in Bangalore, and would gradually be scaled up across India during this quarter in a phased manner. Customers can now complete their purchase online or at an Ola Electric Store and ride home on their fully registered vehicles in just hours. This industry-first purchase and delivery transformation has been made possible due to the company’s strategic decision ...

Office space transaction volume at historic quarterly high of 3.5 mn sq ft in Q1 2025 Mumbai constituted 28% of the entire residential sales in the country   Mumbai, April 3 rd , 2025 :  Knight Frank India’s  latest report,  India Real Estate: Office and Residential (January - March 2025) Q1 2025   highlights Mumbai’s dominance as the largest residential market in the country.  The city recorded 24,930 primary residential unit sales in Q1 2025, marking a historic high since Q1 2018 with a 5% YoY growth. Developers leveraged this strong momentum by launching 25,706 new units, a 2% year-on-year (YoY) increase. Average residential prices surged by 6% YoY to reaching INR 8,360/sq ft in Q1 2025, reinforcing Mumbai’s position as a high-demand market. Mumbai’s unsold inventory saw a marginal dip from 166,915 units in Q1 2024 to 166,454 units in Q1 2025. The Quarters to Sell (QTS) metric improved, dropping from 7.7 quarters to 7.1, signalling strong absorption rate...