Tuesday, July 1

Month: July 2024

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Automobile News, Business News, Feature, National News

Automotive Experts Converge To Discuss The Roadmap Of Mobility Technologies at 2nd edition of EV &AutoTech Innovation Forum

New Delhi, 25th July 2024.Emerging technologies such as ADAS, AI, cybersecurity for software-defined vehicles, electric vehicles, in-vehicle connectivity, and connected vehicles are at the forefront of the automotive industry, according to industry experts who gathered at the EV &AutoTech Innovation Forum, organized by Konnect Worldwide Business Media. The softwarisation of the automobile or the Software Defined Vehicle (SDV), garnered the attention of the thought leaders of the automotive industry in India during the one-day event. The forum saw participation from prominent industry leaders and stakeholders who discussed the future roadmap of the Automotive industry in India. On the sidelines of the forum, the industry leaders led engaging conversations around emerging i...
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Business News, Feature, National News

Youth Ideathon 2024: India’s Biggest Entrepreneurship Competition for School Students launched by CBSE

New Delhi, July 2024.ThinkStartup, India’s leading entrepreneurship educationplatform and Management Entrepreneurship Professional Skills Council (MEPSC) under the Ministry of Skill Development and Entrepreneurship in association with Central Board for Secondary Education (CBSE), today announced the launch of the 4th edition of Youth Ideathon(YI24). This prestigious school-level Innovation and Entrepreneurship festival aims to harness creativity and entrepreneurial spirit of young minds across India.The theme of this year’s Youth Ideathon is “iStartup a Good Thing for India.” The five-stage competition will be held online in the initial stages and is open to all school students across India in two categories: Junior (Class 4 to Class 8) and Senior (Class 9 to Class 12). Students wi...
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Business News, Feature, National News

Kotak Mahindra Bank Appoints SK Honneshas Group General Counsel

Mumbai, 25th July 2024.Kotak Mahindra Bank Ltd. (“KMBL” / “Bank”) today announced the appointment of SK Honnesh as Group General Counsel. With over 25 years of distinguished experience in Legal and Compliance, Honnesh brings valuable expertise to the role. As Group General Counsel, he will oversee Legal, Secretarial, and Compliance functions across the Kotak Group.Honnesh joins Kotak from Piramal Enterprises Limited, where he served as Group General Counsel for nearly 12 years. Prior to this, he held the position of Vice President – Legal at Reliance Industries Limited.A graduate of National Law School of India University, Bengaluru, and a member of the Bar Council of Maharashtra and Goa, Honnesh brings extensive expertise in managing strategic transactions, legal issues and li...
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Business News, Feature, National News

Samsung India Launches New range of ACs featuring WindFree and 360oBladeless Technology in Chilled Water-Based Cassette Units

Gurgaon, July, 2024.Samsung, India's largest consumer electronics brand, announced the launch of its latest innovation – the new WindFree™ Air Conditioners in the Chilled Water Indoor category. This new range features the Wind-Free™ and 360o Bladeless Technology in Chilled Water-based Cassette Units, designed to offer a superior cooling experience without the discomfort of direct cold draft for the user.The chilled water-based cassette units allow usersto set a desired temperature, and the WindFree™ cooling technology gently disperses cool air up to 15,000 micro-air holes at wind speed of 0.15m/sec. In addition, the advanced airflow system cools rooms faster while operating quietly, generating only 24 dB(A) of sound at its lowest level, akin to a whisper, making it ideal for bedroo...
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Business News, Feature, Food and Beverages, National News

Coca-Cola Reports Second Quarter 2024 Results

New Delhi, July 2024.The Coca-Cola Company in its second-quarter 2024 results demonstrated continued momentum in an industry with many growth opportunities. “We are encouraged with our second quarter results, which delivered solid topline and operating income growth in an ever-changing landscape,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “Together with our bottling partners, we continue to execute our highly effective all-weather strategy, and we are confident in our ability to deliver on our raised 2024 guidance and longer-term objectives.”He further added, “Business in India recovered from a slower start to the year driven by Sprite and Fanta as well as strong local brands such as Thums Up and Maaza. Strong end-to-end execution across our growth fl...
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Automobile News, Business News, Feature, National News

Toyota Kirloskar Motor Honoured with Prestigious EEPC Export Excellence Awards

Bangalore, 25 July 2024.Toyota Kirloskar Motor (TKM) has been recognized for its outstanding export performance with two prestigious awards at the EEPC India(Engineering Export Promotion Council of India)Southern Region Export Award ceremony held recently. TKM was presented with the ‘Engines and Turbines & Parts Thereof’   - Large Enterprise’ award for 2019-20 and the ‘Gold Trophy’ for Top Exporters under the Merchant Exporter category for achieving Export Excellence in Engineering products in 2020-21. These awards reflect the company’s dedication to advancing India’s engineering exports.The engineering sector is an integral part of the broader manufacturing sector, and the share of engineering products in overall manufacturing output is quite significant.The awards w...
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Feature, Travel News

Turkish Airlines Showcases its New Luxurious Crystal Business Class Suite

Istanbul,  25 July, 2024.Turkish Airlines, the airline that flies to more countries than any other, has revealed the details of its brand-new state-of-the-art Business Class suite at the Farnborough International Airshow 2024 in Hampshire, UK.The new Crystal Business Class suite marks a new era for luxury air travel for business passengers and is the first from Turkish Airlines to feature an adjustable suite door and privacy panel for enhanced in-flight privacy. New seats feature a generous 23-inch seat width boasting increased footwell space with direct aisle access for all guestswith every window suite possessingfull visibility.In line with company’s“Flow” brand identity, new suites feature lighter and warmer colors, marble-style table and rose gold finishes.The suite co...
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Feature

Mahindra University, National Academy of Construction (NAC), and Pre-Engineered Structures Society of India (PSI) Sign MoU for Sustainable Future in Construction

New Delhi, 24th July 2024.Mahindra University, the National Academy of Construction (NAC), and the Pre-Engineered Structures Society of India (PSI) announced today the signing of a Memorandum of Understanding (MoU) aimed at building a sustainable future for the construction sector.The MoU signing ceremony, held on the premises of Mahindra University on July 19, 2024, was guided by Mr. P. Madhusudhana Reddy, Director General of NAC, and graced by the presence of esteemed guests including Dr. Yajulu Medury, Vice Chancellor of Mahindra University; Mr. Prasad, President of PSI; Mr. Shekar Reddy, Chairman of CII-Telangana; Eng. M. Raji Reddy, Director of NAC; Prof. Visalakshi Talakokula, Assistant Dean, Mahindra University; and Dr. Hari Prasad, Head of Mahindra University’s Civil Engine...
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Business News, Feature, National News

Meta AI Is Now Available In Hindi and Other Languages; More Creative and Smarter

Jaipur, July 24, 2024We’re expanding access to Meta AI – the assistant in our apps and devices – and introducing new features to help you with answers, ideas and inspiration. Meta AI is now available in 22 countries, with the newest today in Argentina, Chile, Colombia, Ecuador, Mexico, Peru and Cameroon. You can also interact with Meta AI across WhatsApp, Instagram, Messenger and Facebook in new languages: Hindi Hindi-Romanized Script, French, German, Italian, Portuguese and Spanish with more to come.With Meta AI across WhatsApp, Instagram, Messenger, Facebook and meta.ai, people are tapping into the power of AI to get more done in less time, bring creative ideas to life and expand their knowledge. From tackling how-to tasks and answering questions to providing inspiration and guid...
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Feature, Food and Beverages, National News

Costa Coffee’s Indian baristas to shine Olympic Games Paris 2024 as Official Coffee Partner

Jaipur, July, 2024.Costa Coffee is thrilled to be the Official Coffee Partner at the Olympic Games Paris 2024, marking a significant milestone in promoting coffee culture and providing a centre stage toIndian baristas globally. With six kiosks and over 110 self-serve Pacto machines,130Costa Coffee team members from six countries will deliver exceptional hot and iced beverage experiences to fans and athletes at seven venues across Paris.As part of this collaboration, Costa Coffee introduces three exceptional Indian baristas: Ameer Fayiz, Mallika Tripura, and Abhishek Kumar. These talented individuals underwent rigorous training to refine their skills and embody Costa Coffee's values of teamwork and excellence.The team members will ensure seamless operation of these sites and will ho...
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Feature, National News

SC refuses to order re-exam for NEET-UG 2024

New Delhi, July 24, 2024.The Supreme Court on Tuesday refused to order a re-test of NEET-UG 2024, stating that data on record is not indicative of a “systemic leak” of the question paper.“At the present stage, there is absence of materials on record to show results of the exam was vitiated or there was a systemic breach in the conduct of the exam,” Chief Justice of India DY Chandrachud, who was heading the apex court bench also comprising justices JB Pardiwala and Manoj Misra, said.“Data on record is not indicative of a systemic leak of the question paper which would indicate a disruption of the sanctity of the exam. The cancellation of NEET is neither justified nor required on the basis of the materials available on record,” the CJI added.The apex court said it realised th...
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Entertainment News

Aparshakti Khurana’s ‘Berlin’ to premiere at Indian International Film Festival of Melbourne

Mumbai, July 24, 2024.Actor Aparshakti Khurana's film "Berlin" is set to premiere at the Indian International Film Festival of Melbourne.Khurana, 36, shared the announcement on his Instagram handle on Tuesday."The thrilling journey of '#Berlin' continues! The film is set for its Australian premiere at the 15th edition of the prestigious @iffmelbourne
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Feature, Sports News

Abhinav Bindra awarded prestigious Olympic Order by International Olympic Committee

New Delhi, July 24, 2024.Olympic gold medal winning shooter Abhinav Bindra was on Monday awarded with Olympic Order by the International Olympic Committee (IOC).The award which was presented to Bindra for his outstanding services to the Olympic Movement, will be officially handed over to him during the 142nd IOC Session in Paris on August 10, a day before the closing of the Paris Olympics.“It is with great pleasure that I inform you that the IOC Executive Board has decided to award you with the Olympic Order for your outstanding services to the Olympic Movement,” 
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Business News, Feature, National News

Gold prices plunge by 5 pc after duty cut

New Delhi, July 24, 2024.Gold prices plummeted by over five per cent after Finance Minister Nirmala Sitharaman announced a sharp import duty cut in gold and silver prices.At 5 pm, gold prices were down by 5.03 per cent, or Rs 3,657, at Rs 69,061 per 10 grams on the MCX platform amid speculation that gold imports will rise after the duty revision. Silver prices fell by 4.38 per cent to Rs 85,299 per kg after the duty cut.The FM announced a reduction in customs duties on gold and silver to 6 per cent from the current level of 15 per cent and that on platinum to 6.4 per cent from 15.4 per cent. The duty cut is likely to increase gold imports into the country. In FY2023-24, gold import bill was Rs 3.77 lakh crore, leading to the outflow of an equivalent amount in dollars.
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Feature, National News

Rupee falls 1 paisa to revisit all-time low of 83.70 against US dollar

New Delhi, July 24, 2024.he rupee depreciated 1 paisa to revisit its all-time closing low of 83.70 (provisional) against the US dollar on Wednesday, weighed down by a strong dollar against major crosses overseas amid investors' weak appetite for riskier assets.Forex traders said the increase in capital gains tax and removal of indexation benefits announced in the FY25 Budget on Tuesday was the main reason for dollar buying as foreign investors sold stocks.At the interbank foreign exchange market, the local unit opened at 83.69 and touched an intra-day high of 83.68 and a low of 83.72 against the dollar during the session.
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Business News, Fashion & Lifestyle, Feature

Mahindra Lifespace Developers posts Rs 12.74 cr profit in Q1

New Delhi, July 24, 2024.Realty firm Mahindra Lifespace Developers Ltd on Wednesday reported a consolidated net profit of Rs 12.74 crore for the June quarter.The company posted a net loss of Rs 4.27 crore in the year-ago period.Its total income increased to Rs 206.70 crore during the April-June period of this fiscal year from Rs 110.05 crore in the corresponding period of the preceding financial year, according to a regulatory filing.
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Business News, Feature, National News

Rays Power Infra raises Rs 127 cr as equity capital

New Delhi, July 23, 2024.Solar energy solutions provider Rays Power Infra on Wednesday said it has raised Rs 127 crore."Rays Power Infra announced the successful closure of a fundraise of Rs 127 crores as equity capital," a company statement said.This latest round brings the total funding raised by the company to nearly Rs 200 crore over the past few months.
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Feature, National News

Demat Account Charges: Know Investment Limit and SEBI Rules

New Delhi, July 24, 2024.SEBI (Securities and Exchange Board of India) has been working on ways to boost the investment landscape in India. Toward this goal, it recently announced an increase in the threshold for the basic service Demat account from ₹2 lakh to ₹10 lakh. This guidance is expected to be effective from Sep 1, 2024. This means you will be able to hold a total securities' value of ₹10 lakh in your Basic Services Demat Account (BSDA). Let’s take a look at the investment limits, Demat account charges and new SEBI rules in detail.BSDA and Eligibility for BSDAA BSDA reduces the cost of holding securities by offering lower charges compared to a regular Demat account. Introduced by SEBI in 2012, it's best suited if you have small investment portfolios.To be eligible f...
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Rajasthan News

ALFA Hockey Launches #BankeDikhaAlpha Campaign

New Delhi, July 24, 2024.ALFA Hockey, Asia’s no 1 manufacturer of field hockey sticks and accessories, is proud to announce the launch of its #BankeDikhaAlpha campaign. The groundbreaking campaign is designed to generate nationwide support and enthusiasm for the national hockey team as they prepare for the Paris Olympics. ALFA Hockey stands out as the only brand in India to have launched a dedicated hockey campaign.The #BankeDikhaAlpha campaign has made remarkable progress in uniting hockey enthusiasts and reigniting passion for the sport through various events, digital engagements, and grassroots programs. The campaign kicked off with an inspiring video featuring prominent players such as Manpreet Singh, Mandeep Singh, Gurjant Singh, Shamsher Singh, Rajkumar Pal, Pr Sreejesh, Abhi...
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Business News, Feature, National News

IDfy launches India’s first privacy and compliance suite – Privy

New Delhi, July 24, 2024.The Digital Personal Data Protection Act was passed in 2023, in a bid to protect Indian citizens from misuse of their personal data. In light of DPDPA, operating without privacy governance controls is not just a reputational and commercial risk but also a snub to the rights of digital customers and end-users.With the exact rules expected to come out any time soon, organizations must have their systems and processes ready to manage users' consent the right way.To help companies get DPDP-ready, IDfy, Asia's leading Integrated Identity platform, has launched a suite of privacy and compliance solutions - Privy, designed to assist organizations across industries in achieving full compliance with the DPDP Act.Privy addresses the critical need for bus...
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Rajasthan News

Veet Unveils Its Revolutionary Veet Pure Range with Brand Ambassador Sara Ali Khan

New Delhi, July 24, 2024.Veet®, the leader~ in depilatory products, announces the launch of its groundbreaking new range, Veet Pure, at an exclusive event held in Mumbai today. The event was graced by Bollywood sensation and Veet brand ambassador, Sara Ali Khan, who unveiled the product to an enthusiastic audience of influencers and beauty enthusiasts. This innovative product line marks a significant milestone for Veet, promising a salon-smooth finish in just 5 minutes^ and offering consumers a no-compromise solution for hair removal.Veet is set to enhance the hair removal process with the new range of Veet Pure made with natural extracts such as organic aloe vera, rose extracts, and mint extracts. Veet Pure is designed to meet the evolving needs of modern women who seek effective ...
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Business News, Feature, Rajasthan News

The Bizz Expo & Summit and Excellency Iconic Award 2024

Jaipur, July 24, 2024.The Bizz Expo & Summit and Excellency Iconic Award 2024 ceremony, hosted by Fav Fairs at Hotel Indana Palace, Jaipur, was a grand affair. The event was graced by the presence of actress Esha Deol, who was honored with the prestigious Excellency Iconic Award 2024.Startups, investors and exhibitors from across the nation converged at the summit, engaging in fruitful discussions and networkingopportunities.The ceremony kicked off with a traditional Ganesh Vandana, setting a cultural tone. Attendees from across the country gathered to participate in live pitching sessions for raising fund, exhibitions for marketing. Awardees shared their inspiring stories on stage, creating a motivational atmosphere.Mr. Manoj Kumar Nyangli MLA (Churu) along with no...
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Automobile News, Business News, Feature, National News

Electric Mobility Promotion Scheme (EMPS), 2024

New Delhi, July 24, 2024.Ministry of Heavy Industries, vide gazette notification 1334 (E) dated 13th March, 2024, has launched the Electric Mobility Promotion Scheme (EMPS) – 2024 to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.  The Scheme duration is 4 months i.e. April 01, 2024 till July 31, 2024 with an outlay of Rs. 500 crore.EMPS 2024 is fund limited, with restricted number of vehicles and a term-limited Scheme, i.e., the subsidies for demand incentive are eligible for e-2w and e-3w sold and registered until the funds are available or the number of vehicles supported reaches the maximum number defined category-wise (shown in para above) or until July 31, 2024, whichever comes first. The EVs elig...
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