Month: October 2023

31Oct By editor3No Comments

Feature, National News, Sports News

Shri Dharmendra Pradhan leads the ‘Run for Unity’ on Rastriya Ekta Diwas

Cuttack, October 31st, 2023. Union Minister of Education and Skill Development & Entrepreneurship, Shri Dharmendra Pradhanlead the‘Run for Unity’ from the statue of Netaji Subhash Chandra Bose today at College Square, Cuttack, Odishaon the occasion of the 148thbirth anniversary of former Deputy Prime Minister of India, Sardar Vallabhbhai Patel. Around 4000 peopleparticipated with zeal and enthusiasmin the 2 kilometer long run at 6:45amtoday to honor his visionary leadership. Under the guidance of Hon’ble Prime Minister Shri Narendra Modi, Run for Unity was being conducted in diverse cities. The run aims to instill a feeling of pride and respect among the youth belonging to diverse religious and cultural backgrounds for becoming a part of the nation building initiative. His rem...

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31Oct By editor3No Comments

Business News, Feature, National News

IDFC First Bank Q2 Results: Net profit jumps 35% YoY to Rs 751 crore

Jaipur, October 2023. IDFC First Bank reported a net profit of Rs 751 crore for the quarter ended September 30 which was up 35% year-on-year versus Rs 556 crore reported by the company in the corresponding quarter of the previous financial year. The standalone core operating profit grew 38% YOY from Rs 1,052 crore in Q2FY23 to Rs 1,456 crore for Q2FY24. The net interest income (NII) grew 32% YoY from Rs 3,002 crore in Q2FY23 to Rs 3,950 crore in Q2FY24. The net interest margin was 6.32% in Q2FY24 as compared to 5.83% in Q2FY23 and 6.33% in Q1FY24. The fee and other income grew by 46% YoY from Rs 945 crore in Q2FY23 to Rs 1,376 crore in Q2FY24. The retail fees constitute 93% of the overall fees for the quarter Q2FY24. The consolidated net profit was up over 2% quarter on quar...

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31Oct By editor3No Comments

Business News

India Mobile Congress 2023  forum witnessed 620 use-cases across Technology & Telecom, Govt and Startups Sector

New Delhi, October 2023. Over 1.5 lakh record number of participants from 67 countries participated in the 7th Edition of Indian Mobile Congress (IMC) 2023, the largest telecom, media and technology forum in Asia, jointly organized by the Department of Telecommunications (DoT) and the Cellular Operators Association of India (COAI). The 3-day exhibition-cum-forum held from October 27-29 under the theme of Global Digital Innovation was inaugurated by Hon’ble Prime Minister Shri Narendra Modi in the presence of Shri Ashwani Vaishnav, Union Minister for Communications and Shri Devusinh Chauhan. It was also attended by industry stalwarts Shri Akash M Ambani, Chairman of Reliance Jio Infocomm Ltd, Shri Sunil Bharti Mittal, Chairman of Bharti Enterprises and Shri Kumar Mangalam Birla, Chairman...

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30Oct By editor3No Comments

Feature, National News

Optum partners with NGOs across Delhi NCR as part of G.I.V.E, their annual Geographically Inclusive Volunteer Event

New Delhi, October, 2023. Optum team members volunteered at multiple NGOs across Delhi NCR to connect with local communities and to help make a positive difference. This was part of the annual Geographically Inclusive Volunteer Event (G.I.V.E.) at Optum, taking place between October 3-15, 2023. Optum is a leading health solution and care delivery organization, part of UnitedHealth Group (UHG), a Fortune 5 company. The volunteers from Optum partnered with NGOs including, CanSupport, to engage with and bring smiles to the faces of patients receiving palliative care for cancer treatment Maxvision Social Welfare Society, to interact with the children, women and the elderly and to engage them with performative arts. Saint Hardyal Educational and Orphans Welfare Society (SHEOWS) ...

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30Oct By editor3No Comments

Business News, Feature

India 5G rollout fastest in world but revenues not picked up: COAI DG

New Delhi, October 30, 2023. Rollout of 5G network in India has been the fastest in the world but revenue has not picked up as apps that are generating 80 per cent of the traffic are not paying for the network, a top official of the telecom industry body COAI said. While speaking with PTI at India Mobile Congress, Cellular Operators Association of India (COAI) Director General S P Kochhar said telecom players do not want to burden consumers but someone has to bear the cost of investment being made in the network. "The 5G rollout has been very good. It has set world records with the fastest 5G rollout. But having said that, I'm a little constrained to say that the revenues for the telecom industry have not picked up," Kochhar said.

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30Oct By editor3No Comments

Entertainment News, National News

Celebrating a Saga of Acting Prowess and Beauty

Mumbai, October 2023. In a uniquely curated film memorabilia auction, DeRivaz&Ives is coming up with a tribute to the ‘Feminine Icons’ of Indian cinema that will give an opportunity to cinephiles in acquiring vintage memorabilia of their favourite actresses. The auction celebrates iconic actresses down the years – from Madhubala to Madhuri – and including Fearless Nadia, Jayashree, Devika Rani, Noor Jahan, Suraiya, Nargis, Geeta Bali, Bina Rai, Madhabi Mukherjee, Mala Sinha, Suchitra Sen, Shashikala, Sharmila Tagore, Meena Kumari, Hema Malini, Zeenat Aman, Rekha, Jaya Bhaduri and Sridevi to name a few.  Titled Feminine Icons of Indian Cinema and scheduled from 23rd to 25th November, the lots to go under the hammer include iconic film posters, lobby cards, photographs and ...

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30Oct By editor3No Comments

Feature, National News

8 dead, 32 injured as 2 passenger trains collide in Andhra Pradesh

New Delhi, October 30, 2023. 08 people were killed and 32 injured after two trains collided on the Howrah-Chennai line in Vizianagaram district of Andhra Pradesh on Sunday evening, police said. A senior official of the East Coast Railway (ECR) said the Palasa passenger train hit the Rayagada passenger train from behind at Kankatapalli, causing three coaches to derail. According to the information provided by Vizianagaram Collector S Nagalakshmi, 32 people were injured.

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29Oct By editor3No Comments

Feature, National News

MSDE organizes a day-long workshop on Implementation of Skilling component under PM Vishwakarma Scheme

New Delhi, October 2023. In line with the government’s commitment to enhance the livelihoods of traditional artisans and craftsmen by equipping them with skill training in modern tools pertinent to their specific trades, the Ministry of Skill Development and Entrepreneurship (MSDE) organized a day long workshop focused on implementing the skill development component under the PM Vishwakarma Scheme. The workshop focuses on the multidisciplinary approach to streamline and expedite the identification and onboarding of training institutions to impart skilling component under PM Vishwakarma Scheme. Further, the emphasis would be to engage experienced and respected artisans from SAMAJ to become master trainers and trainers as per Guru-Shishya Parampara for imparting training. Senior Off...

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27Oct By editor3No Comments

Business News, Feature, National News

Telecom Industry Talent demand-supply gap to jump to 3.8 times by 2030, says TSSC – Draup Report

New Delhi, October 2023. The Telecom Sector Skill Council (TSSC), India's premier skill development institution for the telecom sector today launched the report “Telecom Talent in 5G Era: Demand Supply Skill Gap Report 2023-24”,in association with Draup, charting out the job opportunities in the Indian telecom sector, the demand supply gap, convergence of telecom with the technology sector, and the potential of talent in India across various job roles.The report was launched at the panel ‘Unlocking the power of Telecom: Skilling for a Connected World’ at India Mobile Congress with Industry leaders like Atul Kumar Tiwari, MSDE; Dr. Nirmaljeet Singh Kalsi, NCVET; Pankaj Mohindroo, ICEA; Priyanka Anand, Ericsson;Carsten S. Schröder, DADB and Arvind Bali, CEO, Telecom Sector Skill Council.T...

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27Oct By editor3No Comments

Business News, Feature, National News

OPTIEMUS INFRACOM ANNOUNCES ITS FORAY INTO DRONE  MANUFACTURING FOR INDIA AND GLOBAL MARKETS

New Delhi, October 27th, 2023. Optiemus Infracom Limited (OIL), one of India’s leading electronics and telecommunications manufacturing companies, announced its foray into Unmanned Systems with the launch of technologically-sophisticated, high-precision drones that have been designed and manufactured in India. The diverse range of drones have been showcased at the India Mobile Congress 2023. The products showcased by Optiemus Infracom carry cutting-edge technology, including advanced sensors, secure communication systems, and stringent safety protocols. Optiemus Infracom will be investing ₹250 Million in Optiemus Unmanned Systems (OUS) – a new division of the company. The company ...

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26Oct By editor3No Comments

Business News, Feature, National News

Reserve Bank of India grants in-principle authorisation to ‘Zaakpay’ to act as online payment aggregator

Gurugram, October 26, 2023. Zaakpay, a reliable and secure payment gateway arm of MobiKwik, has received in-principle authorisation from the Reserve Bank of India (RBI)to operate as a payment aggregator. RBI’s in-principle authorisation will enable Zaakpay to onboard new merchants onto its platformfor quick and easy processing of online payments. Zaakpay operates and works with leading brands across sectors such ase-commerce, mobility,bill Payments and more. Zaakpay is a trusted payment gateway partner for multiple merchants and offers 100+ different payment methods across UPI, Debit andCredit cards, Net Banking, and mobile wallets options. Zaakpay offers multiple levels of encryption, system-level firewalls and aims to abide by all PAPG compliancessuch as PCI DSS, PA DSS, Tokenis...

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26Oct By editor3No Comments

Feature, National News

Over 60 lakh lives positively impacted by Tata Motors’ CSR initiatives in the past decade

Mumbai, October, 2023. Tata Motors, India's leading automobile company, today released its 9th Annual CSR Report, highlighting its extensive efforts towards addressing some of India’s most critical and social challenges across the domains of Health (Aarogya), Education (Vidyadhanam), Employability (Kaushalya) and Environment (Vasundhara). Collectively, these efforts have benefitted more than 60 lakh lives over the past 10 years, with a significant percentage of beneficiaries belonging to the marginalised communities. In 2014, Tata Motors designed and adopted a comprehensive 4-pillar approach to harmonise its CSR initiatives across the country. Capabilities, experience and expertise acquired by individual units and teams in each identified fields led to the creation and execution of f...

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26Oct By editor3No Comments

Business News, Feature, National News

Kotak Mahindra Bank partners with National E-Governance Services Limited to issue electronic Bank Guarantee

Mumbai, October 2023. Kotak Mahindra Bank Limited (KMBL/Kotak) today announced that it has partnered with National E-Governance Services Limited (NeSL) to issue its first electronic Bank Guarantee (e-BG) on the latter’s platform. The tie-up enables the digitisation of Trade, thus helping eliminate paper-based issuance of Bank Guarantees. The digitisation includes issuance, amendment, closure, digital stamping and signing, significantly reducing the Guarantee turnaround time (TAT) to a few hours compared to 2-3 working days for the paper-based process. The e-BG also mitigates the authentication risks. Paritosh Kashyap, President & Head Wholesale Banking, Kotak Mahindra Bank said, “Kotak Mahindra Bank has been at the forefront of providing our customers convenience and ease of b...

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26Oct By editor3No Comments

Business News, Feature, Rajasthan News

Federal Bank opens7 New Branches on its Founders’ Day

Sri Ganganagar, October 2023. Federal Bank opened a new branch in Sri Ganganagar- Rajasthan, among 6 other new branches across different regions in India as part of its Founders’ Day celebrations. Other branch location includesDelhi, Karnataka, Maharashtra, Telangana and Madhya Pradesh. These strategic expansions are part of the Bank's commitment to providing enhanced financial services to serve its customers better in diverse regions across the country and fostering economic growth in the communities.  The new branches will offer a comprehensive range of banking products and services, including personal banking, business banking, loans, savings and current accounts, investment solutions, and much more. Federal Bank's dedicated team of experienced professionals will be avai...

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26Oct By editor3No Comments

Business News, Feature, National News

Tech Mahindra Q2’24 Revenue Rs 12,864 crores

Mumbai, October 26 2023. Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarterended September 30th, 2023. Financial highlights for the quarter (USD)Financial highlights for the quarter (₹)₹ 12,864 crores; down 2.2% QoQ, down 2.0% YoY₹ 1,072 crores; down 19.9% QoQ, down 46.0% YoY₹ 494 crores; down 28.7% QoQ, down 61.6% YoYOther Highlights                                                            CP ...

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25Oct By editor3No Comments

Feature, National News

NSDC onboards upGrad as its Digital Learning Partner to support the Skill India initiative

New Delhi, October 2023. The National Skill Development Corporation (NSDC) has solidified a significant partnership with upGrad, Asia's largest learning, skilling, and workforce development company. Together, they have signed a Memorandum of Understanding (MoU) to deliver high-quality higher education and skilling programs to India Youth, aiming to boost the country's skill-ability. This collaboration is poised to transform the educational landscape, fostering skill enhancement. Additionally, it will open doors for a broader range of aspirants from non-metro areas and regional pockets, encouraging them to pursue study abroad programs, and ultimately positioning India as a talent hotspot on the global stage. The MoU was formally exchanged last Friday at NSDC office, New Delhibetwee...

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25Oct By editor3No Comments

Business News, Feature, National News

Kotak White Credit Card to present a ‘Perfect’ evening with Ed Sheeran

Mumbai, 25th October, 2023. Building on the recent successes of Backstreet Boys’ DNA World Tour– India; Trevor Noah’s Off The Record Tour– India; and WestLife’supcoming The Wild Dreams Tour - India. Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) will present a ‘Perfect’ evening at pop music sensation, Ed Sheeran’s much-awaited ‘+ - = ÷ x’ Mathematics Tour – India. The India leg of this best-selling tour will be the final stop in the Asia Tour and will be held at the Mahalaxmi Racecourse in the heart of Mumbai on March 16th, 2024. The special guest for the show will be singer-songwriter Calum Scott. Kotak White Credit Card is the official sponsor of the show. The bank today announced an exclusive 48-hour access to the pre-sale of the tour’s tickets for Kotak Credit Card customers sta...

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25Oct By editor3No Comments

Feature, National News

It is important for technology to reach farmers along with knowledge: RG Agarwal

Jaipur, October 25, 2023. To double the income of farmers and make the country the world's leading economy by 2047, farmers will have to be exposed to new technologies and new experiments every day. RG Aggarwal, Chairman of Dhanuka Agritech Limited, said this at an agricultural fair organized recently. He said that to give economic impetus to the country, farmers will have to be made aware of new technology. Also, the government will also have to work at a fast pace in this direction. Commenting on agricultural innovation and government initiatives, he said that the government should focus on increasing the technical knowledge of farmers in the changing environment. It is noteworthy that rapid changes are taking place in the agricultural sector across the world. People are now l...

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24Oct By editor3No Comments

Automobile News, Business News, Feature, National News

Tata Motors unveils state-of-the-art facilities for development of Hydrogen propulsion technologies

Pune, October 2023. Tata Motors, India’s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions.The unveilings constitute of engine test cell for development of Hydrogen Internal Combustion Engine and the necessary infrastructure for storage and dispensing of Hydrogen fuel for the Fuel Cell and H2ICE vehicles. These facilities are yet another step forward from the company towards carbon neutrality, while tapping the strong potential of Hydrogen as a clean energy source. Speaking on the occasion, Mr. Girish Wagh, Executive Director, Tata Motors, said, “Tata Motors has been leading the global megatrend of sustainable, connected and safer mobility in India. We believe Hydrogen to be...

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23Oct By editor3No Comments

Business News, Feature, National News

Anushka and Virat’s New Venture ‘Nisarga’

New Delhi, 23 October 2023. Anushka Sharma and Virat Kohli have announced their first everforay into promoting events and experiences through theirnew venture “Nisarga”. Nisarga will associate with like-minded partners to promote high impact events and IPs. The initiatives will undertake curation of special segments in existing IPs as well as develop and create new platforms. As a first step, Nisarga has tied up withElite Octane, a specialist motorsports and entertainment eventscompany with cult IPs like The Valley Run. As a partner Elite Octane will be instrumental in executing various activities and creating new platform segments, especially in the domains of motorsportsand entertainment.The calendar of events currently comprises of 3 motor sporting events, expos and one music conc...

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21Oct By editor3No Comments

Business News, Feature, National News

Kotak Mahindra Bank to Appoint International Banker, Ashok Vaswani as MD & CEO

Mumbai,21stOctober2023:Kotak Mahindra Bank (‘Kotak’ or ‘the Bank’) today announced that theReserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the Bank’s next Managing Director &Chief Executive Officer (MD & CEO). This is for a period of three years from date of taking charge which shall not be later than January 1, 2024.The appointment is subject to shareholders’ approval. Ashok has a proven track record spanning three and a half decades, initially at Citigroup and more recently, at Barclays, of building and growing global businesses at scale,nurturing winning teams, establishingtransformational partnerships, leveraging forward leaning technology,with a compelling business vision to deliver strong bottom-line growth. He brings with him significant execu...

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20Oct By editor3No Comments

Automobile News, Feature, National News

‘HERO PREMIA’ DEBUTS IN CALICUT

New Delhi, October 20, 2023 Heralding a new era of premium customer experience, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters,today inaugurated its first premium dealership ‘Hero Premia’ in the vibrant city of Calicut, Kerala. Situated in the Auto hub in Calicut, Hero Premia will play an instrumental role in creating an unrivalled premium sales and service experience for its discerning customers. Promising a fresh automotive experience to all visitors, Hero Premiafeatures modern architecture, appealing design, and engaging new-age digital technologies.Delivering the best-in-class premium ownership experience, a team of professionally trainedsales consultantswill offer valued customerspersonalized sales advice as per their mobility needs. Hero Premia w...

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19Oct By editor3No Comments

Automobile News, Feature, National News

Tata Motors signs Definitive Agreement to acquire 27% stake in ‘Freight Tiger’

Mumbai, October 19, 2023. Tata Motors and Freight Commerce Solutions Private Limited (‘Freight Tiger’) have today signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of 26.79% stake in ‘Freight Tiger’ for a consideration of Rs 150 Crores. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 Crores over the next two years, at the then prevailing market value. ‘Freight Tiger’ is a digital platform that provides end-to-end logistics value chain solutions for cargo movement in the country. The platform connects shippers, carriers, logistics service providers and fleet owners to a single digital marketplace, making it easy to find, book and manage freight whilst offering a variety of Software as a Service (SaaS...

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