Day: 24 May 2024

Electrosteel Castings-Srikalahasthi Works provides financial support to students through ‘UbharteSitare’ Program

Vijay Raman

Electrosteel Castings Limited (ECL), a leading manufacturer of Ductile Iron Pipes and Fittings globally, has introduced a pioneering initiative under its Corporate Social Responsibilityportfolio, the ‘UbharteSitare’ program. The UbharteSitare program aims to provide financial support andresources to deserving students in schools as well as junior colleges. The program is specially designed to assist those who have exhibited consistent performance and talent not only in academics but also in extracurricular areas such as sports, music, and singing. ‘Education is a fundamental right for everyone. Our goal is to ensure that financial…

Read More

India’s Hinterlands Take to the Skies: Regional Air Travel Revolutionizes Accessibility

Vijay Raman

India’s vast geographical expanse often poses significant connectivity challenges to communities with limited access to essential services.This is particularly true for those living in remote regions. In this context, regional air connectivity assumes high significance. flybig, India’s leading regional airline has been successfully connecting the country’s far-flung regions. With its unwavering commitment to serving communities in need, flybig is not just connecting destinations; it’s bridging the gap between necessity and accessibility. The vision for regional connectivity in India is not confined to the efforts of individual companies like flybig; it…

Read More

Philippines in a landmark education policy opens doors for Indian medical aspirants

Vijay Raman

  Indian students who complete their Doctor of Medicine degree from a Philippine College of Medicine, will be eligible to register and practice medicine in the Philippines. Philippines has opened its doors to global medical education aspirants too. In a landmark move, the Philippines has announced a policy change that will significantly benefit Indian medical students pursuing their MBBS degrees. A recent amendment to the Philippine Medical Act of 1959 has been approved by the House of Representatives, paving the way for Indian students, including those from foreign, to register and practice medicine…

Read More

New India Assurance reports 128.4% growth in profit after tax in Q4FY24

Vijay Raman

Commenting on the results, Executive Director Mr. Titus Francis said, “New India Assurance” has delivered excellent results in FY24 despite adverse impact of several catastrophic claims during the year. The gross written premium grew by 8.3% during the year to Rs.41,996 Cr and profit after tax increased by 7% during the year to Rs.1,129 Cr. The PAT for the fourth quarter more than doubled as it increased by 128.4% to Rs.354 Cr. The solvency ratio remained healthy at 1.81x and the company continues to be the market leader in the…

Read More

Unsold Housing Inventory – NCR Down 57%, South 11%, West 8% in 5 Years

Vijay Raman

  In the North, Delhi-NCR's unsold inventory declined from approx. 2 lakh units by Q1 2018-end to approx. 86,420 units by Q1 2024-end In the South, Bengaluru, Hyderabad & Chennai saw collective unsold stock decrease by 11% in this period; Bengaluru saw a 50% decline; in Hyderabad, inventory rose almost 4X amid increased new supply In the West, MMR & Pune saw collective inventory decline by 8%; in the East, Kolkata saw a 41% decline in unsold inventory   Going by a region's prevailing unsold housing inventory as an indicator of its…

Read More