Bright News

Mumbai, 23 rd  July 2024 : GSK   today   announced the launch of its new multichannel campaign   'Ab India Banega 7 Star .' The campaign shows parents that the future of India is in their hands. It encourages them to secure their children’s future with 7 essential vaccinations* against 14 diseases**, which include chickenpox, hepatitis A, hepatitis B, meningitis, measles, mumps, rubella, pneumonia, influenza, diphtheria, tetanus, pertussis, HiB infection, and polio. The Indian Academy of Pediatrics (IAP) recommends 7 vaccinations for children aged 1 to 2 years: two doses of chickenpox and hepatitis A, second dose of meningitis #  and MMR, booster doses of PCV and DTP Hib IPV and annual dose of flu. Although, immunisation coverage in the first year is high in India, drop-out rates after 1st birthday increase. Hence, a significant number of children in the country remain partially vaccinated. Dr. Shalini Menon, Medical Director, GSK,  said,  "After a chi...

Mumbai, 22nd July 2024:  Allied Blenders and Distillers Limited, the 3rd largest spirits company in India in terms of annual sales volumes between FY14 and FY24, has announced its audited financial results for the fiscal year ended 31st March, 2024 A snapshot of Consolidated Financial Results: Total Income up 7.8% to Rs. 7,675 crore in FY24 as against Rs. 7,117 crore in FY23 Income from Operations up 5.6% to Rs. 3,334 crore in FY24 as against Rs. 3,158 crore in FY23 EBITDA grew by 26.7% to Rs. 248 crore in FY24 as compared to Rs. 196 crore in FY23 EBITDA margin improved to 7.5% in FY24 as compared to 6.2% in FY23 Profit After Tax grew by 14.3% to Rs. 1.8 crore as compared to Rs. 1.6 Crore in FY23 Reporting the first set of annual consolidated numbers after the successful IPO this month which was subscribed 24.78 times. The company is now listed on BSE and NSE. In a run-up to go public, the company embarked upon a transformational journey and undertook multiple initia...

  Entries for both Competitive and Non-Competitive categories are open Mumbai,  July 22, 2024 :  The Brahmaputra Valley Film Festival, Northeast India’s most renowned film extravaganza, has returned and will be held for a ninth time. The eagerly awaited film festival, as part of the countdown, invites entries from across the country in both the competitive and non-competitive categories.   The deadline for filmmakers to send in their entries for the 9th Brahmaputra Valley Film Festival (BVFF), is September 30, 2024. Akin to previous editions, the 9th BVFF will be held in Guwahati.   Organised by Tattva Creations and Brahmaputra Foundation, BVFF has emerged as a destination for cinema lovers, combining both untold stories and finesse to create an enriching experience for all attendees. A melting pot of creativity and meaningful cinema, BVFF has enriched the cultural landscape of cinema in the region and has consistently witnessed an average of 25,000 visitors per...

~ Announces finalists from across EU, UK, APAC and India jury sessions, who will compete to win the prestigious award ~ ~ The 6 th  edition of R|ElanTM Circular Design Challenge will culminate at the upcoming season of Lakmē Fashion Week in partnership with FDCI this October in New Delhi, India ~ National, 22 nd  July 2024:  Since its inception in 2018, the R|Elan TM  Circular Design Challenge (CDC) has become a leading platform for emerging talent in sustainable fashion to showcase their circular innovations globally. This year, CDC's worldwide edition spans the Asia-Pacific, European Union, and United Kingdom regions, culminating at Lakmē   Fashion Week in partnership with FDCI, this October, in New Delhi, India. Presented by R|Elan™, the next gen fabric brand of Reliance Industries Limited (RIL), in collaboration with the United Nations in India, CDC is committed to promoting a greener and more sustainable future by fostering eco-cons...

Pune, July 20, 2024:  The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC, focusing on consumer and MSME finance,  today  announced its unaudited financial results for the quarter ended June 30, 2024. The Company continued to register consistent growth in AUM & profitability, superior asset quality and customer engagement during this period. Key Highlights – Q1FY25:   Assets: Ø           Assets Under Management (AUM)  stood at ₹26,972 crore, up 52% YoY and 8% QoQ Ø           AUM Mix  consist of 35% MSME finance, followed by 28% personal and consumer finance, 17% loan against property and 14% pre-owned car. Asset Quality: Ø           Gross NPA  at 0.67%, lower 75bps YoY and 49bps QoQ Ø           Net NPA  at 0.32%, low...

Srinagar,  July 22, 2024 :  A delegation from the Gem & Jewellery Export Promotion Council (GJEPC), led by Chairman Shri Vipul Shah, engaged in productive discussion with key members from the Kashmir Chamber of Commerce & Industry (KCCI) and All Kashmir Gold Dealer Association and local gem and jewellery trade members. Also, in attendance from GJEPC were Mr. Kirit Bhansali, Vice Chairman; Mr. Nirav Bhansali, Convener of National Exhibitions Sub-committee; Mr. Ashok Seth, Regional Chairman – North; Mr. Sabyasachi Ray, Executive Director, and other Board members of Council.From the Kashmir gem and jewellery fraternity, following members were present at the meeting: Javed Ahmad Tenga, President, KCCI; Ashiq Hussain, Senior Vice President; Faiz Ahmed Bakshi, Secretary General; Zahoor A, Past President; Shaheen Gajwan, Member, KCCI; Bashir Ahmad Rather, President, All Kashmir Gold Dealer Association; Hilal Ahmad Zargar, Member, All Kashmir Gold Dealer Association; A S Rehma...

For the life insurance sector, we expect the Union Budget to consider the following to bridge the protection gap and promote life insurance as a financial product for protection and long-term savings:   Providing a separate tax deduction for life insurance premiums. Reducing GST on term insurance plans and considering "zero rating" for PMJJBY and Micro Insurance products, to make them more affordable and accessible for the masses. Extending the 10(10D) benefit to annuities to encourage retirement planning and provide tax relief to senior citizens. Introducing composite license for insurers to empower them to sell life, non-life, health insurance products. Facilitating economies of scale and encouraging employees of life insurance companies to distribute other financial service products for a fee. Allowing related value-added services, such as wellness programs, health screenings, telemedicine, roadside and legal aid, claim support, etc... to be sold along with insurance. Elim...