For consumers of apparel, beauty products, and so on, Shoppers Stop and Axis Bank have partnered to launch a co-branded credit card – the Axis Bank Shoppers Stop Credit Card. The credit card offers benefits and features ranging from welcome benefits to accelerated rewards on shopping, coupled with the convenience of fuel surcharge waivers, dining privileges and many more.
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Private sector insurer HDFC Life Insurance on April 18 reported an 18.3 percent drop in its value of new business (VNB) margin, which is the present value of future profits associated with new business written during January-March quarter of financial year 2023-24. The total VNB margin for the quarter stood at Rs 1,234 crore.
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Finalising and implementation of the National Deep Tech Startup Policy (NDTSP) is likely to feature in the government's 100-day agenda after the elections. However, the long-pending review and expansion of the flagship production-linked incentive (PLI) scheme to ensure better utilisation may not be included, a senior government official said.
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