Sunday, December 22

Month: February 2024

Coca-Cola Reports Fourth Quarter and Full-Year 2023 Results
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Coca-Cola Reports Fourth Quarter and Full-Year 2023 Results

New Delhi, February 2024. Global Unit Case Volume Grew 2% for the Quarter and 2% for the Full Year Net Revenues Grew 7% for the Quarter and 6% for the Full Year; Organic Revenues (Non-GAAP) Grew 12% for the Quarter and 12% for the Full Year India Highlights from the global release: Consolidated: For the full year, unit case volume grew 2%. Developing and emerging markets grew 2%, driven by growth in India and Brazil, partially offset by the suspension of business in Russia in 2022. Unit case volume grew 2% for the quarter. Developing and emerging markets grew 4%, driven by growth in Brazil and India. Asia Pacific: Unit case volume grew 2% for the quarter in the Asia Pacific region, primarily driven by growth in juice, value-added dairy and plant-based beverages ...
59% of Indian Enterprises have actively deployed AI, highest among countries surveyed: IBM report
Feature, National News

59% of Indian Enterprises have actively deployed AI, highest among countries surveyed: IBM report

New Delhi, February 15, 2024. New research commissioned by IBM (NYSE: IBM) found that about 59% of enterprise-scale organizations (over 1,000 employees) surveyed in India have AI actively in use in their businesses. The ‘IBM Global AI Adoption Index 2023’ found early adopters are leading the way, with 74% of those Indian enterprises already working with AI,having accelerated their investments in AI in the past 24 months in areas like R&D and workforce reskilling. Ongoing challenges for AI adoption remain, including hiring employees with the right skill sets and ethical concerns, inhibiting businesses from adopting AI technologies into their operations. Therefore, in 2024 addressing these inhibitors would be a priority, like providing people with the relevant skills to work with A...
20 nations come together to seek inspiration from India’s successful implementation of Skill India Digital
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20 nations come together to seek inspiration from India’s successful implementation of Skill India Digital

New Delhi, February 2024. In a remarkable display of global collaboration, representatives from twenty nations assembled in the Capital today for the 'India Summit on Education Knowledge Exchange' organized by the World Bank. The delegates were intrigued to hear the success story of Skill India Digital — its inception, operationalization and lessons derived from the functioning of the application. After getting inspired with the discussions on Skill India Digital, select ministers convened at the premises of National Skill Development Corporation (NSDC) for a meeting aimed at advancing educational and skill development initiatives with the use of technology. The gathering underscored a collective commitment to fostering educational excellence and equipping individuals with the necessary...
Lectrix EV launches India’s only 2WEV with 2.3KW Battery at Rs.79,999/-
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Lectrix EV launches India’s only 2WEV with 2.3KW Battery at Rs.79,999/-

New Delhi, February, 2024. Lectrix EV, one of the top 10 OEM's in the EV segment, launches LXS 2.0 with a range of 98kms@2.3KW battery and unparalleled quality with 1.25L km tested at the unbelievable price of Rs. 79,999 (lowest in the category). LXS 2.0 is the only EV in the 2W category that solves the 3 major problems for the consumers. It features the right range, the right quality and the right value for money. LXS 2.0 has opened bookings to magnanimous response with 10,000 units already being sold. The pre booking is open with deliveries beginning March 2024 onwards. K Vijaya Kumar, MD and CEO of SAR Electric Mobility, stated, "We understand the outlook of the value-conscious consumer in India. To further our contribution to the same and ensure a wider acceptance for EV2W,...
HERO MOTOCORP ANNOUNCES THE PRICE FOR MAVRICK 440
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HERO MOTOCORP ANNOUNCES THE PRICE FOR MAVRICK 440

New Delhi, February 14, 2024. Heralding a new era in the upper premium segment, Hero MotoCorp, the world’s largest manufacturer of scooters and motorcycles,will open the bookings for its flagship motorcycle – Mavrick 440 starting today, 14thof February 2024. Customers can book their motorcycles at specified Hero MotoCorp customer outlets as well as digitally by visiting www.heromotocorp.com. Deliveries of the motorcycle to customers will commence from April onwards. The much-awaited motorcycle of the year will be available in three variants – Base, Mid andTop at Hero MotoCorp dealerships across the country at an attractive price point of Rs199,000/- (Base), Rs 214,000/- (Mid) and Rs 224,000/- (Top)* respectively. *Prices are Ex-Showroom pan-India. The company is also launchi...
Norden Communication partners C-DAC to make thermal cameras used by security agencies
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Norden Communication partners C-DAC to make thermal cameras used by security agencies

New Delhi, February 14, 2024. Norden Communication on Tuesday announced it has tied up with Centre for Development and Advanced Computing (C-DAC) to develop AI-based general purpose thermal cameras, which are for security purposes and other industrial applications. C-DAC is a R&D (research & development) organisation under the Ministry of Electronics and Information Technology (MeitY). UK based Norden Communication is a manufacturing company. Itsreliable and tested products cater to different environments, including Telecommunications, Surveillance Systems and Public Address Systems.Company product line includes Norden Cabling System, Norden surveillance System, Norden Public Address systems, Norden Access Control Systems and Norden UPS Systems. Norden Communication has...
British Council Unveils GREAT Scholarships 2024
Feature, National News

British Council Unveils GREAT Scholarships 2024

New Delhi, February 2024. British Council, the UK’s international organisation for educational opportunities and cultural relations, has announced the GREAT Scholarships 2024, in partnership with the UK government’s GREAT Britain campaign. The GREAT Scholarships offer students from India the opportunity to undertake postgraduate taught studies in the UK from autumn 2024, across various fields of study. This year 25 UK universities are offering 26 postgraduate GREAT scholarships to Indian students as part of the programme, across a variety of subjects like Finance, Marketing, Business, Psychology Design, Humanities, Dance and more. Each GREAT scholarship is worth a minimum of £10,000 that will be paid towards tuition fees for a one-year postgraduate course in the UK for the 2024-...
New Nexon continues legacy of Safety – Scores 5-stars in GNCAP rating
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New Nexon continues legacy of Safety – Scores 5-stars in GNCAP rating

Mumbai, February 14, 2024. Tata Motors, India’s leading automobile manufacturer, today announced that the all-new Nexon (ICE), India’s bestselling SUV, has become the latest recipient of the 5-star rating (32.22/34 points) for adult occupant protection and 5-star rating (44.52/49 points) for child occupant protection from Global NCAP, the foremost global car assessment programme. This achievement underscores Tata Motors' steadfast dedication to safety, as all of its new SUV models have now earned a 5-star rating from Global NCAP. Commenting on this milestone, Mr. Mohan Savarkar, Chief Product Officer at Tata Motors Passenger Vehicles, said, "Safety is ingrained in our DNA, and we are proud to earn the prestigious 5-star rating from Global NCAP for the new Nexon as per the enhanc...
Tata.ev reduces EV prices up to Rs. 1.2 Lakh
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Tata.ev reduces EV prices up to Rs. 1.2 Lakh

Mumbai, February, 2024. Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors and the pioneer of India’s EV revolution, today announced an exciting reduction in prices of its bestselling EVs - Nexon.ev and Tiago.ev, with the objective of making EVs more accessible to Indian customers. Key highlights of the price reduction: India’s most feature rich EV, the Nexon.ev gets a price reduction of up to Rs. 1.2 Lakh  India’s fastest selling Tiago.ev gets a price reduction of up to Rs. 70,000, base model starts at Rs. 7.99 Lakh Inaugural prices of the recently launched Punch.ev remain unchanged as they already factor in reduction in battery price in the foreseeable future.  Speaking about this price reduction, Mr. Vivek Srivatsa, Chief Commercial Of...
Minister Dharmendra Pradhan Inaugurates NSTI Campus Agartala and Girl’s Hostel, Reinforcing Commitment to Women’s Empowerment
Feature, National News

Minister Dharmendra Pradhan Inaugurates NSTI Campus Agartala and Girl’s Hostel, Reinforcing Commitment to Women’s Empowerment

New Delhi, February 2024. On the auspicious occasion of Sarojini Naidu's birth anniversary which also recognized as National Women’s Day, Minister of Education and Skill Development & Entrepreneurship, Govt of India, Shri Dharmendra Pradhan, inaugurated the National SkillTraining Institute for Women Agartala and alsoinaugurated a girl’s hostel in Vadodara, Gujarat. These milestones signify a significant stride towards empowering #NariShakti, creating a conducive environment for female trainees pursuing skill development, marking a new era in skill development initiatives. The establishment of these institutes is a testament to our commitment to provide equitable access to skill training opportunities for women across the nation. By bringing quality vocational education closer to ...
Galaxy AI Features Come on Samsung Galaxy Buds with All-New Galaxy S24 Series
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Galaxy AI Features Come on Samsung Galaxy Buds with All-New Galaxy S24 Series

Gurugram, February 13, 2024. Samsung, India’s largest electronics brand, has announced the OTA (over-the-air) roll out of Galaxy AI features on Galaxy Buds2 Pro, Galaxy Buds2 and Galaxy Buds FE. Users will now be able to unlock the full potential of Galaxy AI features such as Live Translate on Galaxy Buds series through the ‘Made in India’ Galaxy S24 series. With the help of Live Translate, users can see real-time call translation on the screen of Galaxy S24 series, while they are talking via Galaxy Buds. Additionally, the new AI-driven interpreter feature on Galaxy S24 series provides a seamless two-way, face-to-face interpretation through Galaxy Buds interface. Users can directly speak into the Buds mic and their translated voice will now be available via the Galaxy S24 series e...
Tata Motors Partners with UN-Backed LeadIT Initiative to Accelerate Transition Towards Net-Zero Emissions
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Tata Motors Partners with UN-Backed LeadIT Initiative to Accelerate Transition Towards Net-Zero Emissions

Mumbai, February 12, 2024. Tata Motors, a global leader in the automotive industry, announces its partnership with the Leadership Group for Industry Transition (LeadIT), a global alliance launched by the governments of Sweden and India at the UN Climate Action Summit in September 2019.As a member of LeadIT, Tata Motors will be able to harness the power of global best practices, influence policy-making, and together with other members strengthen its climate action plans, thereby accelerating its transition towards net-zero emissions. Speaking on the development, SJR Kutty, Vice President and Chief Sustainability Officer, Tata Motors, said, “We are excited to join forces with LeadIT, a milestone that underscores our deep-rooted dedication to environmental sustainability. Our pledge to ...
Samsung Opens Pre-Reserve for Galaxy Book4 Series in India
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Samsung Opens Pre-Reserve for Galaxy Book4 Series in India

Gurugram, February 12, 2024. Samsung, India’s largest consumer electronics brand, today said that consumers can start pre-reserving Galaxy Book4 series in India from today. Pre-reserved customers will be eligible for early access and special offers on purchasing the Galaxy Book 4 Series. Customers can pre-reserve Galaxy Book4 series by paying a token amount of INR 1999 across Samsung.com, Samsung Exclusive Stores, leading retail outlets and select online portals. Consumers who pre-reserve will get benefit worth INR 5000 on the purchase of their Galaxy Book4 device.  The Galaxy Book4 series comes with a new intelligent processor, a more vivid and interactive display and a robust security system, beginning a new era of AI PCs that offers ultimate productivity, mobility and conn...
Tata Motors and Bandhan Bank sign MoU to offer attractive commercial vehicle financing solutions
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Tata Motors and Bandhan Bank sign MoU to offer attractive commercial vehicle financing solutions

Mumbai, 12th February, 2024. Tata Motors, India's largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Bandhan Bank, one of India’s fastest-growing private sector banks, to offer convenient financing solutions to its commercial vehicle customers. Under this collaboration, Bandhan Bank will offer financing across the entire commercial vehicle portfolio and customers will benefit from the bank’s wide network and specially curated easy repayment plans. Commenting on this partnership, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, "We are delighted to announce our partnership with Bandhan Bank through this MoU, which represents a major milestone in our commitment to providing seamless financing solutions ...
Mahindra Finance& IBM collaborate to drive financial inclusion with Super App
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Mahindra Finance& IBM collaborate to drive financial inclusion with Super App

Mumbai, 12th February2024. IBM(NYSE: IBM) and Mahindra & Mahindra Financial Services Limited (Mahindra Finance) today announced astrategic collaboration to build a super app that would serve as a single digital interface for consumers to access multiple businesses within Mahindra Finance. This app will enable consumers from both metros and non-metros to have 24x7 digital access to avail and manage products& solutions in a secure, streamlined, and simple manner. This would be by housing Mahindra Finance’s various vehicle and non-vehicle lending businesses, including personal loans, enterprise loans, mortgage loans, leasing solutions, payments, fixed deposits, insurance solutions, and other investment & wealth management solutions under one roof. The app will further provid...
NSDC launches Centre for Future Skills to skill youth in new-age technologies
Feature, National News

NSDC launches Centre for Future Skills to skill youth in new-age technologies

New Delhi, February 12, 2024. To impart outcome-driven and high-quality skill training to the youth and to make them catalysts in achieving the vision of Vikshit Bharat by 2047, National Skill Development Corporation (NSDC) in collaboration with Ethnotech Academic Solutions Pvt Ltd, Bengaluru, launched the Centre for Future Skills in Kalaburagi, Karnataka – a visionary platform that elevates the capabilities of the youth in future skills. Shri. Subhas Sarkar, Hon’ble Minister of State for Higher Education, Government of India and Shri. Umesh Jadhav, Hon’ble Member of Parliament were the Chief Guest for the event. Shri. Ved Mani Tiwari, CEO, NSDC and MD, NSDC International; Dr. Pratapsinh Desai, President, Indian Society for Technical Information (ISTE); Dr Kiran K Rajanna, Chairman, ...
Ahead of Rare Diseases Day, experts urge action on comprehensive policy and enhanced patient care
Feature, Health News

Ahead of Rare Diseases Day, experts urge action on comprehensive policy and enhanced patient care

Jaipur, February 2024. As Rare Diseases Day approaches in February, healthcare experts are calling for a comprehensive Rare Disease Policy as the need of the hour. According to the World Health Organization (WHO), rare diseases typically affect fewer than 1 in 1,000 individuals, and in India, around 70 million people grapple with 450 rare diseases, including the particularly debilitating Spinal Muscular Atrophy (SMA). Spinal Muscular Atrophy is a rare genetic condition characterized by the progressive loss of motor neurons, resulting in severe muscle weakness and potential life-threatening complications.Patients with SMA have either no access to treatment or are left with very limited options for cure. With thousands affected in India, raising awareness, providing support, and implem...
South African Tourism Witnesses 43% Growth in Arrivals from India in 2023; AimstoLeap Beyond Pre-Pandemic Levels in 2024
Feature, Rajasthan News

South African Tourism Witnesses 43% Growth in Arrivals from India in 2023; AimstoLeap Beyond Pre-Pandemic Levels in 2024

Jaipur, 12th February 2024. Setting sights on one of the fastest-growing outbound travel markets around the globe, South African Tourism concluded the first chapter of its 20th Annual India Roadshow at The Lalit, Jaipur. In a bid to expand its footprint across prominent tier 2 and tier 3 cities of India; the roadshowmarkedthe tourism board’sdebut in the pink city. Scheduled until 16th February 2024, the multi-city event will further move onto – Delhi on 13th February, Ahmedabad on 14th February, Bengaluru on 15th February and conclude in Mumbai on 16th February. Led by Ms. Neliswa Nkani, Hub Head, MEISEA, South African Tourism the inaugural day of the roadshow was complemented by an evening of experiencing the sights, sounds and culture of the Rainbow Nation along with sampling lip-s...
Prama India and Government of India’s C-DAC Announce Partnership for Thermal Camera Technology
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Prama India and Government of India’s C-DAC Announce Partnership for Thermal Camera Technology

New Delhi, February 2024. Prama India and Government of India’s C-DAC (Meity) recently announced a technology partnership through the ‘Transfer of Technology’ (ToT) Pact for Thermal Cameras. This partnership enables Prama India as a technology partner to manufacture, market and support the innovative solutions. Prama India has recently signed a ToT (Transfer of Technology) agreement with the Centre for Development of Advanced Computing (C-DAC), Ministry of Electronics & Information Technology (Meity), Government of India, for Thermal Camera Technology. With this significant initiative, PramaIndia has created a new benchmark in the Indian Security Industry. This new initiative by Prama India will bolster R&D and help to develop innovative thermal technology applications. This ...
RBI Monetary Policy 2024
Feature, National News

RBI Monetary Policy 2024

New Delhi, February 2024 The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) kept repo rates unchanged at 6.5% and is focused on the withdrawal of accommodation, Governor Shaktikanta Das said. It projects real GDP growth of 7 percent for FY'25 with risks evenly balanced. RBI's mandatory KFS, multiple hidden costs will be brought to light, says Veefin Solutions MD RBI MPC Meeting 2024 Live: “We welcome the RBI’s decision to mandate Key Fact Statements (KFS) for all MSME loans. Initially this lack of transparency often led to financial stress and hindered informed decision-making for MSMEs. For example, oftentimes MSMEs have been unaware of charges like foreclosure fees, which can be substantial and significantly impact their bottom line. With KFS, such hidden costs will...
Reaction Quote | RBI Monetary Policy 2024
Feature, National News

Reaction Quote | RBI Monetary Policy 2024

New Delhi, February 2024.  The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept repo rates unchanged at 6.5 percent. It has also decided to remain focused on the withdrawal of the accommodative stance, Governor Shaktikanta Das said. This is the sixth consecutive unchanged decision and comes after the Interim Budget was announced on February 1, 2024. Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, "RBI has retained rates and stance in expected lines. Further, the focus on necessity of inflation to settle closer to 4% remains intact suggesting RBI continues to remain cautious on inflation. We continue to expect RBI to fine tune liquidity conditions to manage the overnight to inch towards the repo rate. The change in stance could follow towards end of 1QF...
RBI Monetary Policy -2024
Feature, National News

RBI Monetary Policy -2024

New Delhi, February 2024. The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept repo rates unchanged at 6.5 percent. It has also decided to remain focused on the withdrawal of the accommodative stance, Governor Shaktikanta Das said. This is the sixth consecutive unchanged decision and comes after the Interim Budget was announced on February 1, 2024. “The announcement by the Reserve Bank of India (RBI) extending the Key Fact Statement (KFS) requirement to cover all retail and MSME loans will spearhead enhanced transparency in lending practices. The opaque nature of loan agreements, laden with hidden charges has been a challenge faced by MSMEs when seeking financial support from traditional sources," said Sundeep Mohindru, Promoter & Director, M1xchange.  ...
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