Month: May 2024

31May By editor3No Comments

Business News, Feature, Food and Beverages, National News

MAGGI inspires change with first-of-its-kind edible fork

New Delhi, May 31, 2024. MAGGI's 'Deshkeliye 2 minute' initiative, launched in 2020, aims to create a significant impact through small actions. One of its goals is to offer sustainable alternatives to single-use plastic. In line with this objective, MAGGI has introduced an edible fork in partnership with NestléR&D India (a subsidiary of Nestlé S.A and a part of Nestlé’s global R&D network) and an Indian start-up Trishula. Made from wheat flour, this innovative fork enhances the delightful experience of savoring MAGGI Cuppa Noodles, adding to its soupy, slurpy, and masaledar charm. Earlier in 2023, MAGGI also launched foldable, compostable forks in India which was jointly developed in collaboration with Nestlé’s Institute of Packaging Sciences in Lausanne, Switzerland, Kaneka ...

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31May By editor3No Comments

Automobile News, Business News, Feature, National News

HERO MOTOCORP LAUNCHES THE LATEST GENERATION SPLENDOR+

New Delhi, May 31, 2024 Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has launched the latest generation of the iconic Splendor – the Splendor+XTEC 2.0 – to celebrating the 30th anniversary of the world’s highest-selling motorcycle. Thispremium and tech-laden Splendor keeps its iconic design while integrating modern elements such as LED headlights with HIPL (High Intensity Position Lamp), a unique H-shaped signature tail lamp that givesit a distinctive appearance and multiple convenience & safety features. Showcasing its all-around dominance,the motorcycle boasts excellent fuelefficiency of 73 kmpl. The Splendor+ XTEC 2.0 includes a digital speedometer with Eco-indicator for better fuel efficiency, RTMI (Real Time Mileage indicator), Bluetooth co...

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31May By editor3No Comments

Business News, Feature, National News

India’s GDP grows at 7.8% in Q4FY24

New Delhi, May 31, 2024. India's gross domestic product (GDP) for the fourth quarter of the current financial year grew by 7.8% year-on-year, according to data released by the Ministry of Statistics and Programme Implementation on Thursday. This is better than what most economists had predicted. In the same period last year, GDP growth was 6.1%, and in the previous quarter, it was 8.4%. The Reserve Bank of India (RBI) had forecasted a 6.9% growth in real GDP for Q4FY24, with a full-year projection of 7.6%. It may be noted that the Real Gross Value Added or GVA has been estimated to grow at 6.3% in the final quarter of FY24. The country's real GDP for FY24 is estimated to be 8.2%, compared to 7% in FY23. "Real GDP has been estimated to grow by 8.2% in FY 2023-24 as compare...

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31May By editor3No Comments

Business News, Feature, National News

Bajaj Finserv Direct launches Technology Services hub in UAE

Dubai, May 31, 2024. Bajaj Finserv Direct, a subsidiary of Bajaj Finserv, on Friday announced the launch of its Technology Services business hub at the Dubai International Financial Centre (DIFC) here as part of its foray into the Middle East market. The Technology Services division, Bajaj Technology Services in the UAE, will cater to the larger regional market. Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv said, “Given our strong track-record of building tech-driven businesses, Bajaj Finserv is well poised to be at the forefront of digital transformation in financial services.

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31May By editor3No Comments

Feature, National News

RBI imposes monetary penalty on SBM Bank (India)

Mumbai, May 31, 2024. The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance with certain regulatory norms. In a statement, the central banks said the penalty has been imposed for non-compliance with licensing conditions imposed by the RBI, and specific directions to stop undertaking Liberalised Remittance Scheme (LRS) transactions with immediate effect. Two separate notices were issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions/conditions.

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31May By editor3No Comments

Business News, Feature, National News

Tata Group firms executing over 100 GenAI projects: N Chandrasekaran

Mumbai, May 31, 2024. Tata group chairman N Chandrasekaran on Friday said companies in the diversified group are executing over 100 generative artificial intelligence projects. AI can also have negative impacts, Chandrasekaran said, flagging potential job losses and privacy concerns as the areas we need to focus on. Addressing the group's information technology (IT) services arm TCS' 29th annual general meeting here, Chandrasekaran said all the projects have benefitted the group and that GenAI will have a significant impact on nearly every sector in the country in future.

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31May By editor3No Comments

Business News, Feature, National News

Wipro 3D and ISRO Jointly Pave the Way for Sustainable Space Exploration Through Additive Manufacturing

Bangalore, May 31, 2024. Wipro 3D, in collaboration with the Indian Space Research Organisation (ISRO), celebrates a pathbreaking achievement in space technology with the successful manufacturing of the PS4 3D-printed rocket engine powering the 4th stage of Polar Satellite Launch Vehicle (PSLV). Dr. V Narayanan, Distinguished Scientist and Director of Liquid Propulsion Systems Centre (LPSC), ISRO lauded the accomplishment during his recent visit to the Wipro 3D's facility. The Polar Satellite Launch Vehicle (PSLV) is an expendable launch system designed to place earth observation and Scientific satellites into precise orbits enabling multiple applications like remote sensing, oceanography, cartography, mineral mapping, disaster warning etc. To ensure accurate orbital placem...

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31May By editor3No Comments

Business News, Feature

Reliance unveils Jio Finance app

Jaipur,May 31, 2024. Jio Financial Services Limited has unveiled the beta version of its JioFinance app. On the app, users will get services like digital banking, UPI transaction, bill payment and insurance advisory. At the same time, Mukesh Ambani-led Reliance Industries Limited (RIL), Tata Group and Adar Poonawala's Serum Institute of India (SII) have been included in the list of the world's most influential companies by America's famous company Time Magazine.

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31May By editor3No Comments

Business News, Feature, National News

RBI moves 1 lakh kg of gold from UK to its vaults in India

New Delhi, May 31, 2024. The Reserve Bank of India (RBI) has moved approximately 100 tonnes (1 lakh kilograms) of gold from the United Kingdom to its vaults in India, Business Today reported, quoting sources. This is the first time since 1991 that India has undertaken such a large-scale transfer of gold reserves. More than half of the RBI’s gold reserves are held overseas in secure custody with the Bank of England and the Bank of International Settlements, while approximately a third is stored domestically. It may be noted that the move is expected to help the RBI save on storage costs currently paid to the Bank of England. The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024, an increase from the 794.63 tonnes held at the...

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31May By editor3No Comments

Entertainment News, Feature, National News

‘Auron Mein Kahan Dum Tha’ teaser

Mumbai, May 31, 2024. Ajay Devgn and Tabu are back with a love story in acclaimed writer and director Neeraj Pandey's ‘Auron Mein Kahan Dum Tha’. The makers have released the first glimpse of the film today with a teaser, showcasing the intense onscreen chemistry of the two stars. ‘Auron Main Kahan Dum Tha’ film will release in theatres on July 5. The musical romantic drama spanning over 23 years, set between 2000 and 2023. The teaser featured Ajay playing Holi as he smeared colour on Tabu’s face. This is followed by an action scene.

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31May By editor3No Comments

Feature, Sports News

Shivam Dube will be the X factor for India in the T20 World Cup: Suresh Raina

New Delhi, May 31, 2024. Former India cricketer Suresh Raina believes that Shivam Dube will be an integral part, or more like an x-factor, for the Indian cricket team during their upcoming T20 World Cup 2024 campaign. Based on Dube's brilliant batting form during India's T20I series against Afghanistan in January, and then in the Indian Premier League (IPL) 2024, Raina deems Dube as a must-have in the India playing eleven for the World Cup. From the time when BCCI announced their pick of squad for the World Cup, the 30-year-old Dube gained a lot of attention, speculating what sort of involvement he would have in the squad. Former India cricketer Suresh Raina believes that Shivam Dube will be an integral part, or more like an x-factor, for the Indian cricket team during their upcoming...

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31May By editor3No Comments

Entertainment News, Feature

Celebrity Chef Shipra Khanna Unveils Her Latest Culinary Masterpiece “Sinfully Yours – Just Desserts”

Mumbai, May 31, 2024. Renowned celebrity chef and Award-winning author, Shipra Khanna, launched her highly anticipated book 9th cookbook, “Sinfully Yours - Just Desserts” at a glittering event held at the prestigious Taj Lands End. The event was graced by culinary luminaries, including the esteemed Padm Shri Chef Sanjeev Kapoor as the chief guest and celebrated food critic Rashmi Uday Singh as the moderator. Chef Rohit Sangwan also contributed his insights, adding to the evening's enriching discourse on culinary arts.  Who doesn’t like homemade, healthy, and delicious desserts! From classics to gluten-free, vegan options, there’s something for every sweet lover, "Sinfully Yours - Just Desserts" is a tantalizing collection of dessert recipes that promises to take readers on a del...

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31May By editor3No Comments

Entertainment News, Feature

Bedia Film Studio Presents Zalima: A Harmonious Symphony of Talent and Emotion

New Delhi, May 31, 2024. The world of music is a realm where creativity meets emotion, and the song "Zalima" exemplifies this union. Produced by the visionary Sanjay Bedia Girgovker, this romantic track has swiftly captured the hearts of many, earning accolades for its enchanting melody and evocative visuals. With a talented team comprising singer Alamgir Khan, director Munish Kalyan, music composer Gur Sopal, lyricist Ravi Chopra, and composer Amit Rathod, "Zalima" stands as a testament to the power of collaboration in creating art that resonates. The Visionary Producer: Sanjay Bedia Girgovker At the helm of this project is Sanjay Bedia Girgovker, a name synonymous with quality and innovation in the music industry. As the driving force behind Bedia Film Studio, Sanjay has a keen ...

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31May By editor3No Comments

Business News, Feature, National News

NSE launches India’s first electric vehicle index

New Delhi, May 31, 2024. NSE’s index services subsidiary, NSE Indices Limited, on Thursday launched the country's first electric vehicle (EV) index. The new thematic index is called the Nifty EV & New Age Automotive Index, and will track the performance of companies that are part of the electric vehicle (EV) ecosystem or are involved in developing new-age automotive vehicles or related technology. "The new index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds, and structured products," said NSE. The base date for the index is April 2, 2018, and its base value is 1000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis. Mukesh Agar...

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31May By editor3No Comments

Business News, Feature, National News

Federal Bank and Tata AIA Life Insurance Announce Strategic Bancassurance Partnership

Mumbai,May 31, 2024. Federal Bank, a prominent private sector bank in India, announced a Bancassurance tie-up with Tata AIA Life Insurance Co Ltd, one of India's leading life insurance companies. This strategic alliance aims to provide Federal Bank's customers, access to Tata AIA Life's comprehensive insurance product suite. Federal Bank has an extensive network, which will enable Tata AIA to further strengthen its footprint. Both the entities focus on technology enabled, consumer centric business model, adding to the synergies of the partnership. For Federal Bank customers, the partnership will enable them to benefit from Tata AIA's diverse, consumer centric life insurance solutions, including term insurance, savings and wealth creation plans, retirement,...

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30May By editor3No Comments

Feature

Classplus Launches Polaris School of Technology to Revolutionize Indian Tech Education

New Delhi, 30th May 2024. Admissions are now open to join Polaris School of Technology (PST), a groundbreaking BTech program designed to revolutionize tech education in India. Founded by Mukul Rustagi and Bhaswat Agarwal, the founders of Classplus, PST aims to groom the next generation of techies through a comprehensive and innovative 4-year BTech program. Polaris School of Technology is offering students a unique blend of classroom learning and hands-on industry experience, ensuring they are well-equipped to enter the dynamic tech industry. With specializations in Computer Science, Artificial Intelligence, and Machine Learning, the program is designed to meet the highest standards of tech education. Mukul Rustagi and Bhaswat Agarwal, with their extensive experience in the tech, have...

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30May By editor3No Comments

Business News, Feature, National News

IDFC First Bank to issue shares worth Rs 3,200 cr via preferential issue

Jaipur, May 30, 2024. IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bank is seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 over FY23. The Bank also sees significant upcoming opportunities for loan growth with high asset quality. The overall asset quality of the Bank continues to be good, with GNPA of 1.88% and NNPA of 0.60% as of March 31, 2024. In the retail, rural and sme finance book, the Gross and Net NPA continues to be quite low at 1.38% and 0.44% respectively as of March 31, 2024. The Bank is also well positioned in terms of experience, team, technology, systems, risk management and controls, to take advantage of the growth opportunities in a stable manner. The busine...

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30May By editor3No Comments

Feature, National News

Elon Musk again becomes the richest person in the World

New Delhi, May 30, 2024. SpaceX and Tesla owner Elon Musk has once again become the world's richest businessman. He has reached the number one position, leaving behind French billionaire and Louis Vuitton Moët Hennessy (LVMH) CEO Bernard Arnault and Amazon founder Jeff Bezos. Musk's net worth has increased due to artificial intelligence startup x.AI, which has raised $6 billion (Rs 50 thousand crore) at a pre-money valuation of $18 billion (Rs 1.50 lakh crore). Elon Musk created this AI company on March 9, 2023. According to Forbes' Real Time Billionaires List, Elon Musk's net worth is $209.7 billion (about Rs 17.48 lakh crore), while Bernard Arnault's net worth is now $200.7 billion (about Rs 16.61 lakh crore). Arnault, who was at number one for 4 months, has now come to number t...

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30May By editor3No Comments

Entertainment News, Feature, National News

‘Maharaj’ first look out: Junaid Khan’s debut film to release on June 14

Mumbai, May 30, 2024. Aamir Khan’s son Junaid Khan is set to make his acting debut with ‘Maharaj.’ After a long wait, the film’s release date is finally out. ‘Maharaj’ will premiere on Netflix on June 14. Other than Junaid, the film also stars Jaideep Ahlawat and Shalini Pandey with Sharvari Wagh in a guest appearance. On May 29, the makers of the upcoming film released the first look poster on Instagram, along with the release date. The film is set in 1862, a time when there were only three universities in India. The film's official logline reads, "Rabindranath Tagore is a year old and the Sepoy Mutiny of 1857 continues to fan the flames of independence. Against all odds, one man takes a courageous stand in a landmark legal battle, a true story that’s now come to light in Maharaj...

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30May By editor3No Comments

Entertainment News, Feature, National News

Movie tickets at Rs 99

New Delhi, May 30, 2024. Struggling with fewer movie releases and decreasing crowds, theatres will be giving out discounted tickets to pull more viewers through their doors. Multiplexes and single-screen cinemas have joined hands to offer movies at just Rs 99 on May 31, which will be celebrated as Cinema Lovers Day. This special offer will be available across major multiplex chains including PVR Inox, Cinepolis India, Miraj Cinemas, Multa A2, and MovieMax. Kamal Gianchandani, head of the Multiplex Association of India (MAI) and CEO of PVR Inox Pictures, said that this initiative covers approximately 4,000 screens nationwide. While premium formats such as recliners are excluded, around 90-95% of seats will be up for grabs at the discounted rate. Additionally, many single-s...

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30May By editor3No Comments

Feature, Health News, National News

Health insurers to decide on cashless authorisation within one hour: Regulator

New Delhi, May 30, 2024. Regulator Irdai on Wednesday released a master circular on health insurance specifying that an insurer will have to decide on cashless authorization within one hour of request. The master circular on Health Insurance products repeals 55 circulars issued earlier and it is a significant stride towards reinforcing the empowerment of policyholders and bolstering inclusive health insurance, Irdai said in a statement. “The circular has brought in one place the entitlements in a health insurance policy available to a Policyholder/prospects for their easy reference and also emphasizes measures towards providing seamless, faster and hassle-free claims experience to a policyholder procuring health insurance policy and ensuring enhanced service standards across the h...

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30May By editor3No Comments

Automobile News, Feature, National News

Nissan warns owners of older vehicles not to drive them due to risk of exploding air bag inflators

New Delhi, May 30, 2024. Nissan is urging the owners of about 84,000 older vehicles to stop driving them because their Takata air bag inflators have an increased risk of exploding in a crash and hurling dangerous metal fragments. Wednesday’s urgent request comes after one person in a Nissan was killed by an exploding front-passenger inflator, and as many as 58 people were injured since 2015. “Due to the age of the vehicles equipped with defective Takata air bag inflators, there is an increased risk the inflator could explode during an air bag deployment, propelling sharp metal fragments which can cause serious injury or death,” Nissan said in a statement. Nissan said the “do not drive” warning covers certain 2002 through 2006 Sentra small cars, as well as some 2002 through 2004...

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30May By editor3No Comments

Feature, National News

REC wins ‘Sustainability Champion – Editor’s Choice Award’ at Outlook Planet Sustainability Summit & Awards 2024

New Delhi, May 30, 2024. REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been honoured with the ‘Sustainability Champion – Editor’s Choice Award’ at the ‘Outlook Planet Sustainability Summit & Awards 2024’. The Award ceremony was organised by Outlook Group, in collaboration with IIT Goa. This award recognizes REC’s commitment to sustainability initiatives and its efforts in driving progress towards a greener future. The award highlights the corporation’s pledge to sustainability initiatives, leading the path toward a greener future. Smt. Saraswathi, Senior General Manager, REC’s Mumbai Office, received the award at an event held in Goa. REC has been a front-runner in catalysing India's energy transition. Its plan...

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