Saturday, December 21

Month: November 2023

Nexus Celebration announces their sustainable festive campaign
Business News, Feature, Rajasthan News

Nexus Celebration announces their sustainable festive campaign

Udaipur, November, 2023. As the global community grapples with escalating challenges posed by increased carbon footprint, Nexus Select Trust, India’s largest retail platform remains firmly grounded on their commitment of building a world of inclusive and sustainable development. Reinforcing the promise of making environment friendly choices and encouraging others to so the same, India’s largest mall owner and operator has launched an innovative Sustainable themed Diwali campaign inviting people from all over the country to come forward and donate packaging waste, paper bags and old newspapers etc. The highlight of the campaign aretheDiwali installations at most of their malls, which are made mostly from recycled paper and corrugated sheets. This festive season, Nexus Celebration Mall...
Mondelez India Inks Pact with NSDC to bridge the Skill Gap for the youth of India
Feature, National News

Mondelez India Inks Pact with NSDC to bridge the Skill Gap for the youth of India

New Delhi, November 2023. Mondelez India proudly announces its partnership with the National Skill Development Corporation (NSDC) to empower India's youth through skill development, building on its decade-long commitment to community development through the ShubhAaramb program. The company has signed a Memorandum of Understanding (MOU) with NSDC to empower 660 young individuals across six unique job roles in the districts of Bhind (Madhya Pradesh) and Pune (Maharashtra). Commenting on this collaboration, Ophira Bhatia, Senior Director, India & Lead, AMEA, Corporate & Government Affairs at Mondelez International, stated, "We are excited to embark on this transformative journey, enabling young individuals to acquire essential skills and become valuable contributors to our na...
Shriram General Insurance HY1 FY24 Net Profit Rises 47%
Business News, Feature

Shriram General Insurance HY1 FY24 Net Profit Rises 47%

Jaipur, November 2023. Shriram General Insurance Company (SGIC) on Tuesday said it wrote 27,34,197 policies driven by growth in GWP and higher focus towards Electrical Vehicle segment (6.39%). The company earned a net profit of Rs 217 crores during the first half of FY24, a 47 % increase YoY. For the Q2 of FY24, the net profit was Rs 119 crores. The Board of Directors declared an Interim Dividend of Rs. 3/- per share. The insurer, jointly owned by Shriram Group and Africa’s Sanlam Group, said that 83% of all its policies were issued through digital mode. Its Gross Written Premium (GWP) stood at Rs 1310 crores, a rise of 32 % over the same period last year and the Company is hopeful of achieving a premium growth of around 40% in FY 2023-24. The company’s solvency at the end of Sept...
IBM Expands Relationship with AWS to Deepen Generative AI Innovation and Launch a New Innovation Lab in India
Business News, Feature, National News

IBM Expands Relationship with AWS to Deepen Generative AI Innovation and Launch a New Innovation Lab in India

Bangalore, November 07, 2023. IBM (NYSE: IBM) today announced an expansion of its relationship with Amazon Web Services (AWS)to help more mutual clients operationalize and derive value from the latest technologies, including generative artificial intelligence (AI). As part of this, IBM launched the Innovation Lab, in collaboration with AWS, at the IBM Client Experience Center in Bangalore. The lab is a first of its kind for the IBM-AWS collaboration and is open to clients from around the world to explore joint IBM-AWS solutions and test prototypes and proofs of value that aim to help accelerate innovation across industries such as Banking and Financial Services, Automotive, Manufacturing, Energy and Utilities, Travel and Transportation, and Healthcare, among others. The lab is div...
Launch of Training of Master Trainers & Assessors Program under the PM Vishwakarma Yojana
Feature, National News

Launch of Training of Master Trainers & Assessors Program under the PM Vishwakarma Yojana

New Delhi, November, 2023. –As a strategic step towards implememntation of the PM Vishwakarma scheme, the Ministry of Skill Development & Entrepreneurship (MSDE) today announced the commencement of the Training of Master Trainers & Assessors Program under PM Vishwakarma scheme,to empowerartisans and craftsmen community in identified trades. This five-day residential training program, being held at the National Institute for Entrepreneurship and Small Business Development (NIESBUD) from November 6th to 10th, 2023, is set to train 41 master trainers from 10 different states, including Delhi, Gujarat, Haryana, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, Uttrakhand, West Bengal, and Chhattisgarh. The first batch of master trainers will cater to the following trades: barb...
CNG cars poised to capture 25% of Indian automobile market by 2030: Tata Motors
Automobile News, Feature

CNG cars poised to capture 25% of Indian automobile market by 2030: Tata Motors

Mumbai, November 06th 2023. Tata Motors, India’s leading automobile manufacturer, has made a bold move by making CNG vehicles more desirable and practical. With its twin-cylinder technology, Tata Motors has ensured that CNG-powered vehicles are no longer a compromise. This strategic decision reflects Tata Motors' commitment to sustainability and its recognition of the burgeoning popularity of CNG vehicles in the country. Over the last three to four years, CNG cars have gained significant traction, especially in the personal vehicle segment. Two key factors have driven this remarkable surge are diverse model offerings and expanding infrastructure. The Indian market now boasts a diverse range of CNG models, with approximately 17-18 variants available across different body types and pri...
Standard Chartered Bank drives in financing access for Tata Motors’Passenger Electric Vehicle Dealers
Automobile News, Business News, Feature, National News

Standard Chartered Bank drives in financing access for Tata Motors’Passenger Electric Vehicle Dealers

Jaipur, November 06, 2023. Standard Chartered Bank, India, today announced that it has partnered with Tata Motors, India’s leading automobile manufacturer, for offering Supply Chain Finance Solutions to their passenger Electric Vehicle (EV) dealers. Currently Standard Chartered Bank offers inventory funding limitsto the ICE dealerships of Tata Motors, across its Passenger and Commercial Vehicle businesses. The Memorandum of Understanding (MoU) will enable the Bank to extend additional limits to the dealers exclusively for procurement of EVs from Tata Motors, through its subsidiary Tata Passenger Electric Mobility Limited (TPEML). Tata Motors has been dominating the Indian 4-wheeler EVmarket commanding a market share of over 73% andthis funding solution will further augment the com...
SNAP CELEBRATES AUGMENTED REALITY AT INAUGURAL APAC AR DAY
Feature, National News

SNAP CELEBRATES AUGMENTED REALITY AT INAUGURAL APAC AR DAY

Mumbai, November, 2023. Today Snap Inc. hosted its inaugural APAC AR Day in Mumbai, India, celebrating Snapchat’s leadership in Augmented Reality (AR), its thriving AR creator and developer community, and the company’s ongoing commitment to democratising AR for users and brands. The event saw Evan Spiegel, Snap CEO and Co-Founder, engage in a candid fireside chat with Snap APAC President Ajit Mohan as a part of Spiegel’s three-day trip to India. The discussion centered around the adoption of AR globally by consumers and brands, India's booming creative talent pool, the future of AR, and Snap's innovative approach to this transformative technology. “I love the energy of the young and vibrant Indian developer community. With over 200 million Snapchatters in India, we're seeing more ...
Costa Coffee launches its Diwali campaign, #CostaWaliDiwali in collaboration with Shivesh Bhatia
Business News, Feature, Food and Beverages, National News

Costa Coffee launches its Diwali campaign, #CostaWaliDiwali in collaboration with Shivesh Bhatia

New Delhi, 06 November, 2023. Costa Coffee, Coca-Cola’s leading coffee brand in the commercial beverage categories in India, is excited to launch the Diwali campaign of this year, #CostaWaliDiwali in collaboration with Shivesh Bhatia, the renowned baker and content creator. Together, they bring forth an unforgettable Diwali-inspired menu for coffee enthusiasts. This collaboration ensures a remarkable experience, seamlessly fusing the traditional Diwali essence with Costa Coffee's modern and innovative spirit. To embrace the vibrant flavours and festive spirit of Diwali, Costa Coffee proudly presents the Blisstachio Rose beverage family. Taking inspiration from traditional Indian mithai, this exceptional collection re imagines these timeless flavours in a contemporary avatar, crafting...
NSDC INTERNATIONAL AND DP WORLD’S WE ONE SIGN AGREEMENT TO UPSKILL AND ASSIST INOVERSEAS EMPLOYMENT FOR INDIAN YOUTH
Feature, National News

NSDC INTERNATIONAL AND DP WORLD’S WE ONE SIGN AGREEMENT TO UPSKILL AND ASSIST INOVERSEAS EMPLOYMENT FOR INDIAN YOUTH

India, November 2023. NSDC International, an enabler for global skilling solutions and We One, part of DP World, a global leader in providing smart end-to-end logistics solutions,today signed an agreement aimed at supporting the skill development and employment opportunities forthe front-line workforce. The agreement was exchanged between Honourable Union Minister for Education and Skill Development & Entrepreneurship of India,Shri Dharmendra Pradhan, and His Excellency, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World in the august presence of Shri Sunjay  Sudhir, the Honourable Ambassador of India to the UAE and Shri Satish Kumar Sivan, the Honourable Consul General of India to Dubai along with other officials. The signing event comes in continuation of a M...
Tendulkar to flag off Hyderabad Half Marathon on Sunday
Feature, Sports News

Tendulkar to flag off Hyderabad Half Marathon on Sunday

Hyderabad, November 03, 2023. Cricket great Sachin Tendulkar will flag off the Hyderabad Half Marathon here on Sunday. Close to 8,000 enthusiastic runners will gather at the Gachibowli Stadium at the break of dawn, underlining the running culture that is sweeping across the country. Organised by NEB Sports, the event boasts three categories -- the Half Marathon (21.1k), Timed 10K and the 5K Fun Run
Markets continue to rally for 2nd day on positive global trends
Business News, Feature, National News

Markets continue to rally for 2nd day on positive global trends

Mumbai, November 03, 2023. Equity benchmark indices Sensex and Nifty ended with gains on Friday in line with positive trends in global markets. Extending its previous day's rally, the 30-share BSE Sensex climbed 282.88 points or 0.44 per cent to settle at 64,363.78. During the day, it jumped 454.29 points or 0.70 per cent to 64,535.19. The Nifty went up by 97.35 points or 0.51 per cent to 19,230.60.
Air pollution may increase risk of type 2 diabetes
Feature, Health News, National News

Air pollution may increase risk of type 2 diabetes

New Delhi, November 03, 2023. Exposure to polluted air is associated with an increased risk of type-2 diabetes, according to a first study of its kind in India published in the BMJ Open Diabetes Research and Care journal. The study conducted in Delhi and Chennai found that inhaling air with high amounts of fine pollution particles (PM2.5) -- 30 times thinner than a strand of hair -- led to high blood sugar levels and increased type-2 diabetes incidence.
Sony LIV unveils musical thriller series ‘Chamak’, set for December 7 release
Entertainment News, Feature, National News

Sony LIV unveils musical thriller series ‘Chamak’, set for December 7 release

Mumbai, November 03, 2023. Streaming service Sony LIV on Friday announced its new series "Chamak", a musical thriller that takes a deep dive into the underbelly of the Punjab music industry. The show comes from creator-director Rohit Jugraj Chauhan, known for Punjabi films such as "Sardaarji" series and Diljit Dosanjh-Kriti Sanon-starrer "Arjun Patiala", and will start streaming on the platform from December 07. The story follows Kaala (Paramvir Singh Cheema), a young aspiring rapper who comes back to Punjab from Canada and unravels the death of Taara Singh - the legendary singer who was shot dead in the midst of a packed performance.
Celebrate Festive Glamour in Style with Modicare Limited’s Exclusive Festive Range, Urban Color London Gold Collection
Business News, Fashion & Lifestyle, Feature, National News

Celebrate Festive Glamour in Style with Modicare Limited’s Exclusive Festive Range, Urban Color London Gold Collection

New Delhi, November 03, 2023. Amidst the joyous festivities echoing across India, Modicare Limited; one of India’s leading direct-selling companies is delighted to unveil its limited-edition Urban Color London Gold Collection. Offering a range of vibrant and colorful cosmetics, this collection provides the perfect opportunity to radiate with brilliance and make this festive season truly unforgettable. The Gold Collection, launched under Modicare’s color cosmetics brand Urban Color London reflects the individuality of today's woman – strong, independent, intelligent, creative, and vivacious. Each product within the Gold Collection, from the striking Black Loyalty Kajal to the array of 6 vivid Creme Lipcolors and 6 dazzling Matte Lipcolors, has been carefully crafted to encapsulat...
Tata Motors Consolidated Q 2 FY2 4 Results: Automaker posts Rs 3,764-crore profit
Automobile News, Business News, Feature, National News

Tata Motors Consolidated Q 2 FY2 4 Results: Automaker posts Rs 3,764-crore profit

New Delhi, November 2023. Tata Motors Ltd. (TML) announced its results for quarter ending September 30, 2023.   Consolidated(₹ Cr Ind AS)Jaguar Land Rover(£m, IFRS)Tata Commercial Vehicles(₹Cr, Ind AS)Tata Passenger Vehicles(₹ Cr, Ind AS)FY24Vs. PYFY24Vs. PYFY24Vs. PYFY24Vs. PYQ2 FY24Revenue105,12832.1 %6,85730.4 %20,08722.3%   12,174(3.0)%   EBITDA (%)13.7400 bps14.9430 bps10.4540 bps6.5110 bpsEBIT (%)7.5510 bps7.3630 bps7.9 560 bps1.8140 bpsPBT (bei)6,110₹7,883 crs442£615m1,526₹1,234 crs296₹129 crsH1 FY24Revenue207,36436.8 %13,76042.4 %37,07813.4%   25,0133.8%   EBITDA (%)14.0540 bps15.6680 bps10.0480 bps5.910 bpsEBIT (%)7.8680 bps8.0950 bps7.2460 bps1.480 bpsPBT (bei)11,439₹18,175 crs877£1,574m2,462₹1,869 c...
TPEM and JLR announce platform-sharing partnership to accelerate development of TPEM’s ‘premium pure electric’ series ‘Avinya’
Automobile News, Business News, Feature, National News

TPEM and JLR announce platform-sharing partnership to accelerate development of TPEM’s ‘premium pure electric’ series ‘Avinya’

Mumbai, November 2023. Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover Plc (JLR), both 100% subsidiaries of Tata Motors Limited (TML),have enteredinto a Memorandum of Understanding (MoU) for the licensing of JLR’s Electrified Modular Architecture (EMA) platform for a royalty fee (including electrical architecture, electric drive unit, battery pack and manufacturing know-hows) for the development of TPEM’s ‘premium pure electric’ vehicles series ‘Avinya’ on the EMA platform.TPEM and JLR will also enter into an Engineering Services Agreement (ESA)to support TPEM’s change content requirements for the first vehicle development. JLR’s EMA platform will underpin JLR’s next generation of ‘pure electric’ mid-sized SUVs for international markets,to be launched from 2025 onwa...
Srinagar Smart City takes the green route with Tata Motors Ultra EV electric buses
Automobile News, Business News, Feature, National News

Srinagar Smart City takes the green route with Tata Motors Ultra EV electric buses

Srinagar,  November 2023. Tata Motors, India’s largest commercial vehicle manufacturer, announced that it has supplied the first batch of state-of-the art Ultra EV air-conditioned electric buses to Srinagar Smart City Limited, via TML Smart City Mobility Solutions (J&K) Pvt Ltd, a Tata Motors Group company. The delivery of the electric buses is a part of its larger order to supply, maintain and operate 100 electric buses in Srinagar and 100 electric buses in Jammu, for a period 12-years for Jammu and Srinagar Smart City projects. The collaboration is a part of an initiative of Housing and Urban Development Department, Government of Jammu & Kashmir to establish an environmentally and financially sustainable network of public transport for Srinagar. The zero-emission bus...
NSDC partners HCL Tech to transform job markets
Feature, National News

NSDC partners HCL Tech to transform job markets

New Delhi, November 02, 2023. Aligned with the vision of the Hon’ble Prime Minister, Shri Narendra Modi, to empower India’s youth through digital technology and Artificial Intelligence (AI), the National Skill Development Corporation (NSDC) has entered into a partnership with HCLTechto bridge the skills gap, particularly in the tech and engineering sectors. Under this collaboration, both the organizations will work together to promote the adoption of technology among learners from diverse backgrounds and explore new global markets and business opportunities. The agreement was exchanged by Ved Mani Tiwari, CEO, NSDC and C Vijayakumar, CEO & Managing Director, HCLTech. This partnership comes shortly after the recent G20's Digital Economy Working Group (DEWG) meeting, which achieved...
Kotak Mahindra Bank and Zurich Insurance Group Announce Strategic Alliance
Business News, Feature, National News

Kotak Mahindra Bank and Zurich Insurance Group Announce Strategic Alliance

Mumbai, November 02, 2023.  Kotak Mahindra Bank Limited (“Bank”), Kotak Mahindra General Insurance Company Limited (“Kotak General Insurance”) and Zurich Insurance Company Limited (“Zurich”) have entered into definitive agreements for a transaction wherebyZurich will invest(approximately)Rs 4,051croreto acquire a51% stake in Kotak General Insurancethrough a combination of fresh growth capital and share purchase. Further, Zurich will acquire an additional stake of 19% within a period of three years from its initial acquisition (“Transaction”). Zurich’s investment represents the single largest investment by a global strategic insurer in an Indian non-life insurer. Dipak Gupta, MD & CEO, Kotak Mahindra Bank Limited said, “The alliance brings together two trusted and respected b...
India and UAE Education Ministers sign an MoU to strengthen existing educational cooperation facilitating student and faculty mobility
Feature, National News

India and UAE Education Ministers sign an MoU to strengthen existing educational cooperation facilitating student and faculty mobility

New Delhi, November 2023. Union Education and Skill Development & Entrepreneurship Minister Shri Dharmendra Pradhan met Minister of Education UAE, H.E. Dr. Ahmad Al Falasiin Abu Dhabi. The Ministers signed an MoU to strengthen existing educational cooperation facilitating student and faculty mobility and various otherinitiatives. The Minister also visited 42 Abu Dhabi, a School for Disruptive Learning.The Minister is on a 3-day visit to UAE. The visit will be fostering collaboration, participation and synergy in critical areas of mutual interest in the education and the skill domain. During his meeting with his UAE counterpart, Shri Pradhan said that UAE being a Global Economic hotspot and India being a Global Talent hotspot, both sides should work together to build a knowledge b...
Tanishq Embraces the Spirit of Diwali
Business News, Fashion & Lifestyle, Feature

Tanishq Embraces the Spirit of Diwali

Bengaluru, November 01, 2023. As the enchanting festival of lights, Diwali, draws near, Tanishq, India's premier jewelry brand, embarks on a magical journey that delves deep into the heart of the glorious past. Introducing the 'Dharohar' collection, Tanishq pays a heartfelt tribute to the timeless charm of heirloom artifacts from an era long gone by, beautifully weaving a connection between the old and new legacies, bridging generations with a sense of heritage and nostalgia. ‘Dharohar' is more than just a collection, it is a celebration of the heart-warming narratives that have shaped the magnificent past. It is a testament to the traditions handed down through generations, from treasured family recipes to cherished memories that define who we are. With 'Dharohar,' Tanishq introdu...
New Delhi’s air quality sinks further into very poor category
Feature, National News

New Delhi’s air quality sinks further into very poor category

New Delhi, November 01, 2023. A layer of haze hung over Delhi and its surrounding areas on Wednesday, with the capital's air quality slipping deeper into the 'very poor' category primarily due to a dip in temperature and calm winds during the night. The city's Air Quality Index (AQI) was recorded at 372 at 10 am, the highest so far this season. The 24-hour average AQI was 359 on Tuesday, 347 on Monday, 325 on Sunday, 304 on Saturday and 261 on Friday. Several areas within the city such as Nehru Nagar (402), Sonia Vihar (412), Rohini (403), Wazirpur (422), Bawana (403), Mundka (407), Anand Vihar (422), and New Moti Bagh (435), experienced a drastic deterioration in air quality, plunging into the 'severe' category. The concentration of PM2.5 -- fine particulate matter which can pene...
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