Sunday, June 15

Month: July 2024

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Business News, Feature, National News

SBI Mutual Fund launches SBI Innovative Opportunities Fund

Mumbai, July, 2024.SBI Mutual Fund announces the launch of the SBI Innovative Opportunities Fund, an open-ended equity scheme following the innovation theme.The investment objective of the scheme is to provide investors withopportunities for long term capital appreciation by investing in equityand equity related instruments of companies that seeks to benefit from the adoption of innovative strategies & theme. However, there can be no assurance that the investment objective of the Scheme will be realized. The fund’sbenchmark would be the Nifty 500 TRI.Mr. Shamsher Singh, Managing Director& Chief Executive Officer, SBI Funds Management Limited, said,“Today our country is amongst the fastest growing economies in the world and innovation remains a central piece for a Viksit Bha...
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Toyota Kirloskar Motor Signs MOU with Maharashtra for Proposed New Investment

Mumbai, July 2024.Reaffirming a strong commitment to India, Toyota Kirloskar Motor today signed a Memorandum of Understanding (MOU) with the Government of Maharashtra, to examine the setting-up of a Green Field Manufacturing Facility at Chhatrapati Sambhaji Nagar.  Headquartered in Karnataka, TKM already boasts a world-class manufacturing setup with two state-of-the-art units located at Bidadi, well-equipped to contribute and strengthen India’s position in the global automobile landscape.The Memorandum of Understanding with the Government of Maharashtra was exchanged today by Dr.Harshadeep Kamble (IAS), Principal Secretary (Industries), Government of MH and Mr. Sudeep Santram Dalvi, Director & Chief Communications Officer, TKM in the august presence of Mr. Eknath Shinde Ji...
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Samsung Announces ‘India Cheers for Neeraj’ Campaign

Gurugram July 31, 2024.Samsung today announced that itis requesting fans to come forward and send their good wishes for Neeraj Chopra through the ‘India Cheers for Neeraj’ campaign.With the campaign, Samsung India’s aim is to support and empower Neeraj to strive for excellence and push beyond boundaries.To channelize consumer enthusiasm and amplify the collective cheer of the nation, Samsung India has unveiled afilmto bolster support for Neeraj Chopra. Embodying the spirit of resilience and determination of the ace athlete as he fights through multiple challenges, this film highlights how Samsung’s recently-launched Galaxy Z Fold6 smartphone aids his journey.Galaxy Z Fold6 pushes the bar with its powerful Galaxy AI technology, offering unparalleled experiences to consumers. Pow...
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Nexus Select Trust reports strong financial performance with 8% YoY Retail NOI growth

Mumbai, July 2024. Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first listed Retail REIT, reported results today for the first quarter ended June 30, 2024.Business Highlights·  Achieved Retail Net Operating Income of INR 3,719 million (8% YoY growth) in Q1 FY25; in-line with FY25 projections·  Declared distribution of INR 3,253 million or INR 2.147 per unit for Q1 FY25; in-line with FY25 projections. On track to achieve FY25 guidance·  Achieved tenant sales of ~INR 30 billion; witnessed sequential improvement in tenant sales and footfall growth in June·  Strong balance sheet with low LTV of 14%, attractive debt cost at 8.1%, AAA / Stable rating and no near- term large debt maturity·  Signed two term sheets for acquisition of 0.8 million square fee...
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ICH NEXT inks landmark deal with Reliance- backed Fynd to empower its business partnerships in Fashion & Lifestyle with Indigenous Fashion Forecasting

Delhi, 31 July 2024.Creating a new landmark in the Indian fashion and lifestyle market, the country’s first homegrown fashion forecaster ICH NEXT has announced collaboration withReliance-backed Fynd, a former Google-backed multiplatform tech firm enabling the future of retail & technology. As part of the partnership, Fynd gets access to ICH NEXT dashboard that will open all the past, current and future trend reports for the next couple of years. All brands and businesses offline/online in fashion and lifestyle working with Fynd including Reliance Trends, Ajio.com, Ancestry, AvantraBy Trends, Azorte, Youstaetc will be able to leverage insights from ICH NEXT, which is already revamping the Indian fashion & lifestyle space while empowering manufacturers/brands across the count...
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Vice Chairman and CEO JH Han Visits Noida Factory, Signaling Growing Importance of India for Samsung

Gurugram, July 2024.Samsung Electronics Co., Ltd. today announced that Jong-Hee (JH) Han, Vice Chairman, CEO and Head of the Device eXperience (DX) Division at Samsung Electronics, is currently on his second visit to India this year. The trip signals the growing importance of the country for the South Korean giant, and includes Han’s visit to the company’s Noida factory — where Samsung manufactures smartphones, tablets and refrigerators.“India is one of the biggest and fastest-growing markets globally and offers a huge opportunity for Samsung,”said Han. “We were among the first companies to invest in India, and I am happy that the Noida factory has emerged as one of our biggest facilities, manufacturing not only for India, but for the world.”Samsung unveiled its “AI for All” vi...
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Fashion & Lifestyle, Feature, National News

The Body Shop Showcases Local Culture Through Stunning Murals Across Workshop Stores

New Delhi, July 31, 2024.The Body Shop, a British-born international ethical beauty brand, continues to celebrate the rich cultural tapestry of India through innovative store design concepts. Following the success of various workshop stores such as Chandigarh, Indore, Kochi, Ahmedabad, and New Delhi to name a few. The brand has now introduced distinct mural designs across various other cities including Mumbai, Bangalore, and Hyderabad locations.Across all these cities, The Body Shop remains committed to its core values of sustainability, vegan and cruelty-free product formulations, and Community Fair Trade (CFT) partnerships. The brand has been actively launching Activist Workshop stores since 2022. These unique stores empower customers to navigate and support the Recycling Program...
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Birlasoft Q1 FY25 Revenue up 5.1% Y-on-Y to ₹ 13,274 Mn

New Delhi, July 31,2024.Birlasoft, a leading IT services and solutions provider, today reported its unaudited consolidated financial results for the first quarter ended June 30, 2024. Birlasoft is part of the $3 bn CK Birla Group, which has over 35,000 employees and operates 52 manufacturing facilities globally. Mr. Angan Guha, Chief Executive Officer and Managing Director, Birlasoft said, "Our performance during the quarter under review reflects a challenging operating environment and tightened discretionary spends by customers. In that backdrop, I am pleased to note that our Infra and ROW businesses, both  historically smaller contributors to our revenue, have done particularly well on the back of our efforts to enhance our capabilities and footprint there. Our dea...
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UPSC cancels provisional candidature of Ms. Puja Manorama Dilip Khedkar and permanently debars her from all the future Exams/Selections

New Delhi, July 31, 2024.A Show Cause Notice (SCN) was issued by the Union Public Service Commission (UPSC) to Ms. Puja Manorama Dilip Khedkar, a provisionally recommended candidate of the Civil Services Examination-2022 (CSE-2022) on 18th July, 2024 for fraudulently availing attempts beyond the permissible limit provided for in the Examination Rules by faking her identity. She was to submit her response to the SCN by 25th July, 2024. However, she requested for further time till 04th August, 2024 so that she could gather the necessary documents for her response.2. The UPSC carefully considered the request of Ms. Puja Manorama Dilip Khedkar and in order to meet the ends of justice, she was granted time till 3:30 pm of 30th July, 2024 so as to enable her to s...
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Entertainment News

Vaani Kapoor-starrer ‘Badtameez Gill’ wraps filming

Mumbai, July 31, 2024.Actor Vaani Kapoor's upcoming movie “Badtameez Gill” has concluded production, the makers said on Wednesday.Described as a “coming of modern-age dramedy”, the film comes from filmmaker Navjot Gulati. It also features Aparshakti Khurana, Paresh Rawal, Sheeba Chaddha and Monica Chaudhary in pivotal roles.According to a press release, “Badtameez Gill” promises to bring waves of emotions and laughter, offering a much-needed fresh and hilarious take on family dynamics and sweet and sour sibling relationships.
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19 National Skill Training Institutes out of 33 are exclusively for women

New Delhi, July 31, 2024.There are 19 National Skill Training Institutes (NSTIs) out of 33 which are exclusively for women.  These women NSTIs offer 19 courses under Craft Instructor Training Scheme (CITS) as well as 23 courses under Craftsmen Training Scheme (CTS).  The women NSTIs also offer courses in trades like Computer Operator and Programming Assistant (COPA), Electronics Mechanic, Architectural Draftsman, Computer Software Application, Desktop Publishing Operator etc. to women trainees, both in CTS and CITS.  Even trades like Electrician have been introduced in Women NSTIs at Indore and Vadodara. From the Session 2023-24, the trade of ‘Surveyor’ has been introduced in three women NSTIs.  Another new trade under CTS namely ‘Artificial Intelligence Programming...
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Zee Ent Q1 profit at Rs 118.10 cr, revenue up 7.6 pc to Rs 2,149.52 cr

New Delhi, July 31, 2024.Zee Entertainment Enterprise Ltd on Wednesday reported a consolidated net profit of Rs 118.10 crore for the April-June quarter of this financial year, as the margins improved on effective cost management.The company had reported a net loss of Rs 53.42 crore in the April-June quarter a year ago, Zee Entertainment Enterprise Ltd (ZEEL) said in a regulatory filing.The total income of the company was up 7.56 per cent to Rs 2,149.52 crore during the quarter under review. It was at Rs 1,998.26 crore in the corresponding quarter a year ago.
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Hafele Lighting – Delft Series Architectural Lights by Hafele

New Delhi, July 31, 2024.Hafele’s Loox Range has been meeting the demands for lighting in furniture as well as the growing needs for networking and digitalization since the last 10 years. The solutions offered within this range maximize simplicity and flexibility as well as assure high reliability. The range presents itself as a unique combination of elegant design and state of the art technology making it the perfect choice for any home furniture application, be it Task Lighting for Kitchen cabinets and plinths, Decorative Lighting for Living Room Showcases, Mood Lighting for Bedroom Applications or pure Functional Lighting in Wardrobes.With the ever-increasing demands for quality and specialized lighting solutions not just for furniture but also for rooms, Hafele in 2019 expanded...
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Myntra launches the Beauty Edit of its Rising Stars Program, plans to on board around 500 D2C beauty and grooming brands by year end

Bengaluru, July 31, 2024 - After the phenomenal success of the first edition of Myntra Rising Stars (MRS) program for the D2C ecosystem, Myntra, one of India’s leading fashion, beauty and lifestyle destinations   has launched the Beauty Edit of Myntra Rising Stars. A one-of-its-kind comprehensive program dedicated towards strengthening the beauty D2C ecosystem in the country, the Myntra Rising Stars Beauty Edit will take the made-in-India beauty and grooming brands under its wings to accelerate their growth leveraging its scale of Myntra. These will include brands with differentiated offerings catering to consumers’ evolving beauty needs ranging from Korean beauty, science and ingredient-based products, vegan and natural products among many others.Brands will be able to ...
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Blue Dart Announces ‘Rakhi Express Offers’ on Domestic and International Shipments

Jaipur, July 2024.Blue Dart Express Limited, South Asia's premier express air, integrated transportation, and distribution logistics company, is delighted to announce its annual ‘Rakhi Express’ offer, celebrating the special bond between siblings, this festive season. Customers can enjoy an all-inclusive discounted price of Rs. 250/- for Rakhi shipments up to 0.5 kg for their loved ones. Additionally, there is a flat 40% discount on domestic shipments across India for packages weighing 0.5 kg to 2.5 kg, and up to 50% off on international shipments for packages weighing 0.5 kg to 2.5 kg, 5 kg, 10 kg, 15 kg, and 20 kg in key markets. This offer is valid until 19th August 2024, with conditions applied.This offer provides a comprehensive and economical solution for all logistics needs,...
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Master the Art of Casual Chic: Style Yourself Gracefully for a Date Out with Friends

Jaipur, July 31, 2024.Mastering the art of casual chic for a date with friends entails seamlessly integrating comfort and style. Whether you're looking for a calm coffee date or a casual dinner, finding the right balance is essential. From simple layering to meticulous texture matching and accessorizing, each piece is necessary for attaining an elegant yet casual style. Let's look at five key tips to assist you in styling yourself with confidence and elegance for any informal outing with friends.1. Easy Layers: For a breezy and opulent look, tuck a lightweight cardigan or denim jacket over a kurti made of sustainable LIVA fabric. You can finish with contemporary sneakers or ankle boots and pair with skinny jeans or casual pants.2. Combining Textures: Experiment with textur...
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Honda 0 Series Concept Model, Saloon, Wins “Red Dot: Best of the Best 2024” Award in Red Dot Award

Mumbai, July 31, 2024.Honda today announced that the Saloon, the flagship concept model for the Honda 0 Series, the new Honda EV series, has been awarded the ‘Red Dot: Best of the Best 2024’ award, in the Design Concept competition of the Red Dot Design Award*1, one of the most respected design awards in the world. The Space-Hub, another concept model of the Honda 0 Series, was named a Red Dot winner in the same competition.■Honda 0 Series – SaloonSRepresenting the major transformation of Honda under its redefined Global Brand Slogan, The Power of Dreams, and its approach to electrification, the Honda 0 Series made its world debut in the U.S. at CES 2024 in January of this year. The Saloon is positioned as the flagship concept model among Honda 0 Series models, embodying a ...
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MAI Labs Launches STOEX: Transforming RWA Ownership

New Delhi,July, 2024–MAI Labs, a global pioneer in deep tech innovation renowned for its advancements in immersive and regulatory technologies, today unveils its latest groundbreaking initiative: STOEX – S.M.A.R.T Token Exchange. STOEX represents a paradigm shift in the world of asset trading as a regulated, tokenized real-world asset exchange, powered by the Kalp digital public infrastructure, a sophisticated permissioned cross-chain ecosystem.With projections indicating the tokenized asset market could surge to a staggering $29 trillion by 2030, there is an immense opportunity to harness this potential through blockchain technology. Recognizing the unprecedented possibilities in the Real-World Asset (RWA) segment, MAI Labs developed STOEX to unlock investment opportunities in diverse...
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Anandana- The Coca-Cola India Foundation and Indo-Dutch Horticulture Celebrate Success of Project Unnati Apple in Uttarakhand

Champawat, 30th July 2024.In a significant celebration of sustainable agriculture, Anandana – The Coca-Cola India Foundation, in partnership with Indo-Dutch Horticulture Technologies, recognized the relentless efforts of farmers through Project Unnati Apple in Champawat, Uttarakhand. The event honored 10 farmers for their dedication to adopting sustainable farming techniques, highlighting the transformative impact of these practices on local agriculture.The Honorable Chief Minister of Uttarakhand, Shri Pushkar Singh Dhami attended the event virtually and dignitaries such asShri. Rajiv Gupta, Director, Coca-Cola India Foundation, Shri Suresh Joshi, Spokesperson BJP, Smt. Jyoti Rai, Chairman, District Council Champawat, Shri. Prakash Tiwari, Representative CM, Shri. Nirmal Mehra, Pre...
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Vice Chairman and CEO JH Han Visits Noida Factory, Signaling Growing Importance of India for Samsung

Gurugram, July 30, 2024.Samsung Electronics Co., Ltd. today announced that Jong-Hee (JH) Han, Vice Chairman, CEO and Head of the Device eXperience (DX) Division at Samsung Electronics, is currently on his second visit to India this year. The trip signals the growing importance of the country for the South Korean giant, and includes Han’s visit to the company’s Noida factory — where Samsung manufactures smartphones, tablets and refrigerators.“India is one of the biggest and fastest-growing markets globally and offers a huge opportunity for Samsung,”said Han. “We were among the first companies to invest in India, and I am happy that the Noida factory has emerged as one of our biggest facilities, manufacturing not only for India, but for the world.”Samsung unveiled its “AI for All...
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Tata Motors launches ‘Vidyadhan’ and ‘Utkarsha’ programs to facilitate  Higher Education of Technicians’ children

Mumbai, July 30, 2024. In its continuing endeavour towards bridging the gap between aspirations and accessibility, Tata Motors, India’s leading automobile manufacturer, today announced the launch of two special funding programs ‘Vidyadhan’ and ‘Utkarsha’, to facilitate higher education of the children of its technicians working in manufacturing facilities across Indiaincluding plants in Pune, Lucknow, Jamshedpur, Dharwad, Sanand and Pantnagar regions.Under the ‘Vidyadhan’ program, education loans are being made available at concessional rates to support the higher education of children post successfully clearing grade 10th and 12th. With ‘Utkarsha’, girls, transgenders, and specially abled children will additionally benefit from annual scholarships being offered.Announcing...
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Ola Electric prices IPO at Rs 72-76 per share, to raise over Rs 6,100 crore

Mumbai, July 30, 2024.Bengaluru-based Ola Electric Mobility Limited, an electric vehicle (EV) player building vertically integrated technology and manufacturing capabilities for EVs and EV components, has fixed the price band of Rs 72-76 per share of face value Rs 10 each for its initial public offering (IPO).The company will raise Rs 6,145 crore at the upper end of the IPO price band and Rs 6,111 crore at the lower end.The IPO will open on August 2 for subscription and close on August 6. Investors can bid for a minimum of 197 equity shares and in multiples of 197 equity shares thereafter.The IPO consists of fresh issue of up to Rs 5,500 crore and an offer for sale (OFS) of up to 8.49 crore equity shares (for up to Rs 645 crore) by promoter selling shareholders and investor...
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Manika becomes first Indian TT player to reach Olympics pre-quarterfinals

Paris, July 30, 2024.Manika Batra made history by becoming the first Indian table tennis player to reach the singles pre-quarterfinals at the Olympic Games with a fluent 4-0 win over world number 18 and home favourite Prithika Pavade here on Monday.The 29-year-old Manika dominated from start to finish for a 11-9 11-6 11-9 11-7 win over Prithika, who has Indian roots.
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