Monday, June 30

Month: August 2023

Shri Dharmendra Pradhan launches DBT in NAPS to strengthen apprenticeship ecosystem in India
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Shri Dharmendra Pradhan launches DBT in NAPS to strengthen apprenticeship ecosystem in India

New Delhi, August, 2023.To bolster the participation of both industries and young individuals in apprenticeship training on a nationwide scale, Shri Dharmendra Pradhan, Union Minister for Education and Skill Development & Entrepreneurship launched Direct Benefit Transfer (DBT) in National Apprenticeship Promotion Scheme (NAPS). An amount of approx. 15 crores was disbursed to one lakh apprentice by the Minister marking the launch of DBT in NAPS.A total of 25 lakh youth have been engaged as apprentices since the inception of inception National Apprenticeship Promotion Scheme in 2016, till 31st July 2023. Around 2.6 lakh Apprentices have completed training in FY 23-24.The Government of India’s proactive efforts to promote quality training across sectors, led tothe number of ac...
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Tata Motors EV family is now 1 Lakh strong
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Automobile News, Business News, Feature

Tata Motors EV family is now 1 Lakh strong

Mumbai, 12th August 2023.Tata Motors, India’s leading automobile manufacturer and the pioneer of the EV revolution in India, today announced the achievement of an outstanding milestone of 1 Lakh Tata EVs.This momentous journey underscores Tata Motors' unwavering commitment to driving positive change and contributing to a sustainable future for India.Over the last three years, Tata Motors has had an extraordinary journey of leading the EV revolution in India. The journey from its first 10K to 1 Lakh EVs has constantly moved ahead with a narrowing gap,with the last 50K being achieved in just 9 months. To mark this special occasion, Tata Motors lit the skies with a spectacular drone show, showcasing its journey of a dream manifesting into reality.Commenting on this very special occasi...
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DHANUKA FAMILY ANNOUNCED THE LOKARPAN OF SMT TRIVENI DEVI DHANUKA HIGHER SECONDARY ADARSH VIDYA MANDIR AT SALASAR DHAM BY HIS EXCELLENCY 14TH PRESIDENT OF INDIA
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DHANUKA FAMILY ANNOUNCED THE LOKARPAN OF SMT TRIVENI DEVI DHANUKA HIGHER SECONDARY ADARSH VIDYA MANDIR AT SALASAR DHAM BY HIS EXCELLENCY 14TH PRESIDENT OF INDIA

Jaipur 11 August, 2023.Today, we gather at Jaipur to share information about our 17th & 18th CSR activities that include the historic occasion of the Lokarpan of a beacon of hope and knowledge – The Smt. Triveni Devi Dhanuka Higher Secondary Adarsh Vidya Mandir, celebrating the 100th birth anniversary of our beloved mother. The purpose of our today's press conference is not just to announce the beginning of an institution that possesses the power to transform lives and shape the destiny of future generations. The Lokarpan of Smt. Triveni Devi Dhanuka Higher Secondary Adarsh Vidya Mandir on 18 August at sacred place of Lord Balaji Shri Salashar Dham, is not just a moment of celebration but also a significant step towards empowering our society with...
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HERO MOTOCORP REPORTS REVENUE OF Rs. 8,767 CRORE IN Q1 FY’24
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Automobile News, Business News

HERO MOTOCORP REPORTS REVENUE OF Rs. 8,767 CRORE IN Q1 FY’24

New Delhi, August 2023.Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, todayreported its financial performance for the first quarter (April-June 2023) of the FY’ 2024.The company's Revenue from Operations for the quarter stood at Rs. 8,767 Crore, (vs Rs.8,393 Crore) and Total Income of Rs 8,989 Crore (vs Rs 8,446 Crore) Driven by softening of commodity costs, accelerated savings programs, and judicious price increases, EBITDA margin for the quarter stood at 13.8%, reflecting an improvement of 250 bps.The underlying EBITDA margin for ICE Business stands at 14.5%, excluding the impactof EV business.Profit Before Tax and exceptional item for the quarter was at Rs. 1,255 Crore, reflecting agrowth of 52% over Rs. 824 Crore reported in...
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Vidhu Vinod Chopra’s ’12th Fail’ books October 27 as release date
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Vidhu Vinod Chopra’s ’12th Fail’ books October 27 as release date

Mumbai, August 10, 2023.Filmmaker Vidhu Vinod Chopra's film "12th Fail" is set to hit the screens on October 27, the makers announced on Thursday. Based on Anurag Pathak's best-selling novel about the incredible journey of IPS officer Manoj Kumar Sharma and IRS officer Shraddha Joshi, the movie stars Vikrant Massey in the lead.Described as a glimpse into the journey of students who prepare for the prestigious UPSC exams, "12th Fail" is produced by Zee Studios.Chopra, known for films such as "Parinda", "1942: A Love Story", and "Mission Kashmir", said his new film stands as a tribute to the honest officers who safeguard the Constitution of India and the countless students who aspire to follow in their footsteps.
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Army chief Gen Manoj Pande receives ceremonial welcome in UK
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Army chief Gen Manoj Pande receives ceremonial welcome in UK

London, August 10, 2023.Army chief General Manoj Pande received a ceremonial welcome with a Guard of Honour at Horse Guards Parade in London at the start of his UK visit on Thursday.Gen. Pande was received by the UK’s Chief of the General Staff, Gen. Sir Patrick Sanders, before he inspected a Guard of Honour by the Number 7 Company Coldstream Guards, one of the oldest regiments in the British Army dressed in their iconic scarlet tunics and black bearskin caps.The UK Ministry of Defence (MoD) said the Band of the Grenadier Guards, conducted by Director of Music Captain Robert Smith, performed a bespoke programme of music in support of the occasion to illustrate the harmony between the two nations
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Women diplomats advocate the need for increased representation of women in key diplomatic positions globally at BRICS CCI WE Trailblazers Dialogues on Global Women Diplomats: Breaking Barriers; Shaping Global Affairs
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Women diplomats advocate the need for increased representation of women in key diplomatic positions globally at BRICS CCI WE Trailblazers Dialogues on Global Women Diplomats: Breaking Barriers; Shaping Global Affairs

New Delhi, 10th Aug 2023.New Delhi, 10 August 2023.Women diplomats from various geographies expressed the need for gender equality in global diplomatic roles at the inaugural BRICS CCI WE, Trailblazers Dialogues Roundtable on Global Women Diplomats: Breaking Barriers; Shaping Global Affairs held in the capital.BRICS CCI WE represents the women’s vertical of The BRICS Chamber of Commerce and Industry (BRICS CCI) which promotes commerce and industry in the BRICS and other friendly nations.  The Vertical focuses on women empowerment initiatives and policies across geographies.Historically, diplomacy has been the preserve of men.  However, research shows that when women have a seat at the table, the odds of reducing instability and conflict improve significantly. The ...
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Harmanpreet’s double knocks Pakistan out of ACT hockey, India emerge 4-0 winners
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Sports News

Harmanpreet’s double knocks Pakistan out of ACT hockey, India emerge 4-0 winners

Chennai, August 2023.Skipper Harmanpreet Singh scored twice as a dominant India beat arch-rivals Pakistan comprehensively by a 4-0 margin in their final round-robin league match to enter the semifinals on an unbeaten note here on Wednesday.Harmanpreet (15th, 23rd minutes) converted two penalty corners, while Jugraj Singh (36th) netted from another set piece. India's final goal came from the sticks of Akashdeep Singh from a field play in the 55th minute.The result meant India topped the standings with 13 points from four wins and one draw.
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MobiKwik becomes the First Indian Fintech to Post Profits
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MobiKwik becomes the First Indian Fintech to Post Profits

Gurugram, 10th August 2023.MobiKwik, leading digital banking platform, has recorded profitablegrowthinQ1ofFY23-24withanadjustedEBITDAofINR13.6crores-181%increase Y-o-Y. This is the second consecutive quarter when MobiKwik has registered a profitable growth.ThecompanyregisteredINR177croresinrevenuesinQ1FY23-24,agrowthof68%in the corresponding quarter last fiscal and its contribution margin rose by 108% to INR 73.9 crores.MobiKwik becomes the first fintech in the country to post PAT positive in Q1 of FY23-24 at INR 3 crores.InQ4FY2022-23MobiKwikgenerated160croresinrevenue,a38%contributionmarginand recordedanadjustedEBITDAofINR3crores.WithastrongperformanceinFY2022-23.,thecompanyisgearedfora2Xgrowthinthefiscal yeartoanestimatedINR1100coresinFY2023-24.Thecompanyalsoprojects...
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India Electric Mobility Council demands continuation of incentives for electric vehicle sector
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Automobile News, Feature, National News

India Electric Mobility Council demands continuation of incentives for electric vehicle sector

New Delhi, August 10, 2023.Industry body IEMC on Thursday demanded continuation of incentives given to electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from estimated 125 million.According to India Electric Mobility Council (IEMC), India Energy Storage Alliance (IESA) has estimated that on discontinuation of the demand incentives, the electric vehicles (EV) sales in India will reduce from estimated 125 million units to 37 million units by 2030.The central government launched the FAME (faster adoption and manufacturing of hybrid and electric vehicles) scheme in 2015, under which subsidies are given to electric vehicle manufacturers and the benefit is passed on to buyers. The second phase of the scheme FAME II was...
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RBI retains FY24 GDP forecast at 6.5 pc, raises inflation projection
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RBI retains FY24 GDP forecast at 6.5 pc, raises inflation projection

Mumbai, August 10, 2023.The RBI on Thursday retained the GDP growth projection for current fiscal year at 6.5 per cent and raised the inflation projection marginally to 5.4 per cent due to spike in vegetable prices, including tomatoes.Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said domestic economic activity is maintaining resilience.He also said the recovery in kharif sowing and rural incomes, the buoyancy in services and consumer optimism should support household consumption.
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Tiranga yatra in J-K’s Srinagar on August 13
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Tiranga yatra in J-K’s Srinagar on August 13

Srinagar, August 09, 2023.A ‘Tiranga’ yatra will be taken out here on August 13 to pay homage to the freedom fighters and soldiers who have sacrificed their lives for the nation, an official spokesperson said on Wednesday.Jammu and Kashmir Lieutenant Governor Manoj Sinha chaired a high-level meeting with the senior officers of civil administration, police and security forces to review the preparedness of the yatra here, he said.During the meeting, Sinha said we all should take special pride in saluting our beloved Tricolor and celebrating the occasion.
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Tata Motors ties up with Kendriya Police KalyanBhandar to offer its range of Passenger Electric Vehicles
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Automobile News, Business News, Feature

Tata Motors ties up with Kendriya Police KalyanBhandar to offer its range of Passenger Electric Vehicles

Mumbai,09 August, 2023.With the festivities of the Independence Day inching closer,Tata Motors, one of India’s largest automotive manufacturers, is proud tobecome the first EV manufacturer to join hands with the Kendriya Police KalyanBhandar (KPKB), to help Paramilitary Forces, Statepolice personnel and their families across the nation to go.ev.As a part of this coveted association, Tata Motors’EV portfolio consisting of the Tiago.ev, Tigor EV, and theNexon EV PRIMEand MAXwill be available at special rates to allbeneficiaries of the venture.As a measure of welfare for the currently serving and retired personnel of Railway Protection Force (RPF), the Intelligence Bureau (I.B), Special Protection Group (SPG), National Crime Records Bureau (NCRB), National Investigation Agency (NI...
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THREE HERO MOTOCORP BRANDS FEATURED IN THE TOP 10 BEST-SELLING MOTORCYCLESIN THE COUNTRY
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THREE HERO MOTOCORP BRANDS FEATURED IN THE TOP 10 BEST-SELLING MOTORCYCLESIN THE COUNTRY

New Delhi, August 09, 2023Iconic motorcycle Passion, from Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has become one of the top-10 best-selling motorcycles in the country. Reiterating the brand’s trust and reliability, Passion is a perfect combination of style, comfort and convenience making it an ideal choice for daily commute.The iconic Splendor – the world’s largest-selling motorcycle brand and HF, both have been among the top five best-selling motorcycles, thereby reaffirming Hero MotoCorp’s market leadership in the 100cc motorcycle category in India.With continued support from customers, Hero Passion has emerged as the third Hero MotoCorp motorcycle to join Hero Splendor and Hero HF in the top ten motorcycles of the country for the two cons...
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NSDC and Pearson Partner to Bring IT Specialist Certification Programs and English Language Programs to Indian Youth
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NSDC and Pearson Partner to Bring IT Specialist Certification Programs and English Language Programs to Indian Youth

New Delhi August 2023.The National Skill Development Corporation (NSDC) and Pearson, the world’s leading learning and assessment company, have forged a partnership aimed at enhancing the employability skills of Indian youth. This collaboration will bring Pearson VUE’s IT Specialist Certification and Pearson’s English Language Testing programs, namely Versant and Mondly, to NSDC’s eLearning Platforms.With a history of pioneering the computer-based testing industry for several decades, Pearson VUE administers over 19 million certification and licensure exams annually across various sectors including academia, IT, and healthcare. The IT Specialist Certification program from Pearson VUE comprehensively validates knowledge encompassing software development, networking, and security. Its...
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Smt. Parminder Chopra, Director (Finance) and CMD (Addl. Charge), PFC Honored with “Finance Leader of the Year” Award
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Smt. Parminder Chopra, Director (Finance) and CMD (Addl. Charge), PFC Honored with “Finance Leader of the Year” Award

New Delhi, August 2023.Smt. Parminder Chopra, Director (Finance) and CMD (Addl. Charge), has been conferred with the “Finance Leader of the Year" Award. This prestigious accolade was presented during the Felicitation Ceremony of the ‘ETPrime Women Leadership Awards’ (ETPWLA) 2023, held in Mumbai.The "Finance Leader of the Year"award celebrates Smt. Chopra's exceptional contributions to the finance industry, she served as an inspiring role model for aspiring finance professionals. Her outstanding achievements in financial management, strategic decision-making, and driving organisational growth have left an indelible mark on the world of finance.ETPrime Women Leadership Awards, India's most prestigious awards programme for women leaders, honours eminent personalities from India I...
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MSDE launches special initiative for North-East Region, targets 2.5 lakh candidates with an financial allocation of 360 crores
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MSDE launches special initiative for North-East Region, targets 2.5 lakh candidates with an financial allocation of 360 crores

New Delhi, August 08, 2023.To create a robust skill-centric and industry ready ecosystem in North-Eastern Region (NER), Shri Dharmendra Pradhan, Hon’ble Minister for Education and Skill Development and Entrepreneurship and Shri G. Kishan Reddy, Hon’ble Union Minister for Culture, Tourism & Development Of North Eastern Region (DoNER)today launched a special initiative called ‘Transforming Lives, Building Futures: Skill Development and Entrepreneurship in North-East. As part of the initiative, 2.5 lakhs talented youth of the NER will be provided with industry relevant skill training programmes through a wide array of schemes and initiatives, including Pradhan Mantri Kaushal Vikas Yojana (PMKVY), National Apprenticeship Promotion Scheme (NAPS) and Jan ShikshanSansthans (JSS).The G...
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Danube Properties launches INR 1800 Crore Elitz 3 ProjectAmidst High Demand from Indians
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Danube Properties launches INR 1800 Crore Elitz 3 ProjectAmidst High Demand from Indians

Mumbai, August 08, 2023.Danube Properties, the fastest-growing private real estate developer in the UAE, announces the launch of Elitz 3 at the Jumeirah Village Circle (JVC), with a development value exceeding INR 1800 Crore. The project will be in the same area as Elitz and Elitz 2 towers – which are currently under construction at the JVC – and help meet the growing demand from Indians for quality homes. Danube Properties is also witnessing an increased number of Indians opting for the famous 1% plan, where the monthly payment is set at just one percent per month while the balance payment is collected after the building is ready. Elitz 2 has witnessed over 42% of Indians investing in the project and 100 % of them opting for the one percent plan.“Dubai’s real estate market co...
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NCP chief Sharad Pawar removes MLA Thomas K Thomas from party working committee for ‘serious indiscipline’
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NCP chief Sharad Pawar removes MLA Thomas K Thomas from party working committee for ‘serious indiscipline’

New Delhi, August 08, 2023.Nationalist Congress Party (NCP) chief Sharad Pawar on Tuesday removed senior party leader and MLA Thomas K Thomas from its working committee citing "serious indiscipline".Thomas represents Kuttanad constituency in the Kerala Assembly. The NCP is a part of the ruling Left Democratic Front (LDF) in Kerala."In view of the serious indiscipline being committed by you, openly defying the authority of the All India President and state President and making irresponsible allegations against Party members, and filing false complaints using your party position is discrediting the image of the party in public and in the Left Democratic Front. I do hereby remove you from the Working Committee of the Nationalist Congress Party," Pawar said in a letter to Thomas.
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28% GST on face value in casinos, online gaming, horse racing will increase revenue collection: FM
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28% GST on face value in casinos, online gaming, horse racing will increase revenue collection: FM

New Delhi, August 08, 2023.Finance minister Nirmala Sitharaman on Tuesday said the 28 per cent GST on full face value of supplies in casinos, race courses and online gaming will result in higher revenues.The online gaming segment grew by 28 per cent in 2021 to reach USD 1.9 billion, as per NITI Aayog estimates referred in the Draft National Policy for Growth of Animation, Visual Effects, Gaming, Comic & Extended Reality sector in India prepared by the Information and Broadcasting Ministry.In a written reply to a question in the Rajya Sabha, Sitharaman said casinos are currently paying 28 per cent GST on Gross Gaming Revenue (GGR).
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Cashfree Payments’ Zecpe rebrands as Ecom360: Empowering D2C businesses with Growth Solutions
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Business News, Feature

Cashfree Payments’ Zecpe rebrands as Ecom360: Empowering D2C businesses with Growth Solutions

New Delhi, August 08, 2023. Cashfree Payments, India's leading payments and API banking company, has announced the rebranding of its subsidiary, Zecpe, to 'Ecom360'. Ecom360 caters to the end-to-end growth challenges faced by D2C businesses across their customer and product lifecycles. With Ecom360, businesses gain access to a comprehensive set of solutions built to elevate customer shopping experiences, prevent returns, streamline operations, and offer exceptional post-order support.In early 2023, Cashfree Payments acquired Zecpe, a one-click checkout solution which tackled the checkout conversion challenge, a core problem faced by D2C businesses. Keeping to the same mission, Ecom360 will address a broader set of core problems, unlocking value and facilitating exponentia...
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Red FM & The Indian Army Unite for Teen Rang Tawang
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Red FM & The Indian Army Unite for Teen Rang Tawang

New Delhi, August 08, 2023.93.5 Red FM, India’s leading private radio and entertainment network proudly presents “Teen Rang Tawang”, a salute to our soldiers of The Indian Army. This initiative aims to celebrate the 76th year of freedom at the second-highest place where the Indian flag is hoisted, in Arunachal Pradesh.Red FM RJs will embark on a journey to Tawang, Arunachal Pradesh to celebrate Independence Day and pay homage to our courageous soldiers. Heartfelt messages and wishes for our army, collected from every corner of the country by Red FM's spirited radio jockeys, like RJ Malishka, RJ Raunac, RJ Nilam, RJ Pallavi, RJ Swati, RJ Purab, and RJ Dhrumil will serve as tokens of appreciation for the selfless sacrifices made by our soldiers.During their stay in Tawang, t...
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HERO MOTOCORP RECEIVES MORE THAN 25,000 BOOKINGS FOR HARLEY-DAVIDSON X440
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Automobile News, Business News

HERO MOTOCORP RECEIVES MORE THAN 25,000 BOOKINGS FOR HARLEY-DAVIDSON X440

New Delhi, August 08, 2023Riding the wave of an overwhelming response, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has received 25,597 bookings for the Harley-Davidson X440, since opening the bookings on the 4th of July, 2023.The booking window has now been closed, and the new booking window will be announced soon.Hero MotoCorp will start production of the Harley-Davidson X440 in September 2023 and commence customer deliveries from October onwards.The introductory ex-showroom prices have now been revised and the revised prices for the Denim, Vivid and S variants will be INR 2,39,500/-, INR 2,59,500/- and INR 2,79,500/- respectively.Mr. Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, “We are delighted with the custome...
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