July, 2024 - Exclusive News

Ashok Leyland extends ‘Road to School’ programme to Tamil Nadu

9Jul

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Ashok Leyland extends ‘Road to School’ programme to Tamil Nadu

Chennai, July 09, 2024.Hinduja Group flagship company Ashok Leyland, in partnership with Hinduja Leyland Finance, has extended its corporate social responsibility (CSR) initiative 'Road to School' programme to three districts in Tamil Nadu.The project strives to bridge educational disparities among students in rural areas attending government schools across India and also hopes to foster holistic development and promote inclusive education as a means of social empowerment.

Gagan Narang to be India’s Chef de Mission in Paris Olympics

9Jul

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Gagan Narang to be India’s Chef de Mission in Paris Olympics

New Delhi, July 2024.London Olympic bronze medallist shooter Gagan Narang on Monday replaced Mary Kom as India's Chef-de-Mission for the Paris Olympics where ace shuttler PV Sindhu will be the female flag bearer during the opening ceremony.The Indian Olympic Association (IOA) President PT Usha said the 41-year-oldNarang's elevation from deputy CDM position was an automatic choice in the wake of Mary Kom's resignation.

Nirmala Sitharaman to present Budget 2024-25 on July 23

9Jul

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Nirmala Sitharaman to present Budget 2024-25 on July 23

New Delhi, July 09, 2024.Finance Minister Nirmala Sitharaman will present the highly anticipated Union Budget on July 23. President Droupadi Murmu approved a proposal on Saturday to summon both houses of Parliament between July 22 and August 12. This will be the first budget presented by the Narendra Modi-led government since it was re-elected for a record third term earlier this year.“President Droupadi Murmu (on the recommendation of the government) has approved the proposal for summoning both the Houses of Parliament from July 22 to August 12. Union Budget 2024-2025 will be presented in Lok Sabha on July 23,” read an update shared by Union Minister Kiren Rijiju.

Rohit & Co To Get Rs 5 Crore Each, Rs 2.5 Crore For Dravid From Rs 125 Crore Prize Money

9Jul

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Rohit & Co To Get Rs 5 Crore Each, Rs 2.5 Crore For Dravid From Rs 125 Crore Prize Money

Mumbai, July 09, 2024.India won the 2024 edition of the ICC Men’s T20 World Cup last month by getting the better of South Africa by seven runs in the final played at Kensington Oval in Barbados on June 29. The win over the Proteas in the final helped India end the 11-year wait for an ICC trophy. After the Rohit Sharma-led side won the T20 World Cup trophy, BCCI announced Rs 125 crore in prize money for the Indian team. The cheque of Rs 125 crore was handed over to Indian captain Rohit Sharma during the victory celebration at Wankhede Stadium in Mumbai on Thursday (July 4).A report published in the Indian Express on Monday (July 8) has now provided a brief breakdown of how much prize money each cricketer will receive. As per the available information, all 15 members of India’s 2024 ...

Adani Group To Be Principal Sponsor Of Indian Team At 2024 Paris Olympics

9Jul

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Adani Group To Be Principal Sponsor Of Indian Team At 2024 Paris Olympics

New Delhi, July 09, 2024.Gautam Adani, Chairman of Adani Group, announced the company as the principal sponsor for the Indian team at the Paris 2024 Olympics.Adani said "As we get ready for the 2024 Paris Olympics, I wish the very best to the exceptional athletes who will represent our nation on the world’s grandest sporting stage. Their relentless riyaaz and unwavering dedication truly embody the new indomitable spirit of India. I am confident that this year, we will achieve our greatest medal haul ever,"

Tata Motors Group global whole sales at 3,29,847 in Q1 FY25

8Jul

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Automobile News, Business News, Feature, National News

Tata Motors Group global whole sales at 3,29,847 in Q1 FY25

Mumbai, July 08, 2024.The Tata Motors Group global wholesales in Q1 FY25, including Jaguar Land Rover**were at 3,29,847 nos., higher by 2%, as compared to Q1 FY24.Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q1 FY25 were at 93,410 nos., higher by 6%, over Q1 FY24. Global wholesales of Tata Motorspassenger vehicles* in Q1 FY25 were at 138,682nos., lower by 1% as compared to Q1 FY24. Global wholesales for Jaguar Land Rover** were 97,755 vehicles, higher by 5%.Jaguar whole sales for the quarter were 8,227 vehicles, while Land Rover wholesales for the quarter were 89,528 vehicles.

8Jul

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GE Power India bags order from NTPC

New Delhi, July 08, 2024.GE Power India Ltd on Monday said it has secured an order from state-owned NTPC to supply main turbine spares.In a regulatory filing, the company said it will supply main turbine spares at power giant major NTPC Talcher in Odisha.The order shall be executed over a period of 9.5 months, it said, adding that the "base value (of the order is) Rs 18.71 million with additional 18 per cent GST)," the filing said.

MobiKwik claims to be largest digital wallet player in terms of transaction value

8Jul

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MobiKwik claims to be largest digital wallet player in terms of transaction value

New Delhi, July 08, 2024.MobiKwik on Monday said it has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and May.Quoting Reserve Bank of India (RBI) data, MobiKwik said it has gained its market share in financial transactions through the Prepaid Payment Instrument (PPI) Wallet during the two months.The company saw its market share by value grow from 11 per cent in March 2024 to 20 per cent in April and further to 23 per cent in May.

IBM to launch GenAI Innovation Center in Kochi

8Jul

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IBM to launch GenAI Innovation Center in Kochi

New Delhi, July 08, 2024.Tech giant IBM on Monday announced the launch of its GenAI Innovation Center in Kochi which, it said, will enable enterprises, startups, and partners to explore and build generative AI technology.The centre will accelerate AI innovation, boost productivity and strengthen GenAI expertise in India, the company said in a release."As organisations transition from AI experimentation to deployment for adding business value, they often find AI projects too complex or difficult to integrate due to limited skills or expertise," it said.

‘Kalki 2898 AD’ surpasses Rs 900 crore with worldwide box office collection

8Jul

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Entertainment News

‘Kalki 2898 AD’ surpasses Rs 900 crore with worldwide box office collection

Mumbai, July 08, 2024,"Kalki 2898 AD" continues to rule over the box office and has crossed Rs 900 crore globally in 11 days, makers announced on Monday.Featuring a star-studded cast comprising of Amitabh Bachchan, Kamal Haasan, Deepika Padukone, Disha Patani and Prabhas in the lead, the film has been staying ahead of the competition with its collection.The makers shared an update on the 'X' about the film's collection with a poster featuring Prabhas' character from the film. It mentioned, "Epic Maha Blockbuster 900 + crore worldwide." The caption of the post read, "Raging towards the magical milestone…#EpicBlockbusterKalki in cinemas."

Ola exits Google Maps, to save Rs 100 cr per year with in-house maps

8Jul

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Ola exits Google Maps, to save Rs 100 cr per year with in-house maps

New Delhi,July 08, 2024.After exiting Microsoft’s Azure last month, Ola Cabs has now fully exited Google Maps, moving to its in-house Ola Maps, founder-CEO, Bhavish Aggarwal has said in a post on X. He said that the company used to spend Rs 100 crore a year on Google maps, which they have made zero by this move to in-house Ola maps.Aggarwal said that Ola Cabs will see a number of features in the coming months, which include street view, neural radiance fields (NERFs), indoor images, 3D maps and drone maps, among others.In October 2021, Ola had acquired GeoSpoc, a Pune-based company specialising in geospatial services. Ola Maps now supports the mapping requirements of its primary ride-hailing application. Additionally, the company said that it will integrate Ola Maps into its el...

HORIBA Inaugurates one of the largest Medical Equipment and Consumables Manufacturing Facility in India

6Jul

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HORIBA Inaugurates one of the largest Medical Equipment and Consumables Manufacturing Facility in India

Nagpur, July 06, 2024.HORIBA India, a group company of HORIBA, Ltd., (TYSE 6856), a Kyoto based Japanese leader inanalytical equipment and measurement solutionsfor the three megatrend fields of Energy & Environment, Bio & Healthcare, and Materials & Semiconductor, which are essential to our lives,today inaugurated its state-of-the-art medical equipment and consumables manufacturing facility in Butibori, Nagpur. The facility is in line with the vision of Atmanirbhar Bharat and Make in India for the World and will be one of India's largest medical equipment and consumables (reagents) manufacturing unit. With an investment of approximately INR 200 crore (3.8 Billion JPY), in a phased manner, the Nagpur facility is poised to serve over 30,000 diagnostic labs and hospitals acros...

Samsung India Reveals the First Shortlist of 100 Teams of ‘Solvefor Tomorrow’

6Jul

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Samsung India Reveals the First Shortlist of 100 Teams of ‘Solvefor Tomorrow’

New Delhi, July, 2024.Samsung, India's leading consumer electronics brand, has announced ashortlist of 100 teams for its flagship CSR initiative - 'Solve for Tomorrow', designed to foster an innovation ecosystem in the country. This shortlist includes 50 teams each from the ‘School’ and ‘Youth’ track who will now compete further in the national education and innovation competition.This year, the shortlists have been done regionally, which has helped the competition reach out to the next generation of Indian Innovators residing in the remotest towns of the country, such as Khurda in Odisha Kacharand Kamrup Rural, in Assam and Amreli in Gujarat.The top 50 ideas submitted in the Youth Track covering the ‘environment and sustainability’ theme are not only unconventional but also extrem...

DPS Jaipur’s Avalokit Singh: Indian Junior Squash Prodigy Gears Up for World Junior Championship

5Jul

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Feature, Rajasthan News, Sports News

DPS Jaipur’s Avalokit Singh: Indian Junior Squash Prodigy Gears Up for World Junior Championship

Jaipur, July, 2024.In the heart of Jaipur, a city steeped in vibrant art and culture, DPS Jaipur student Avalokit has emerged as a beacon of sporting excellence. Avalokit's journey into squash began at the tender age of eight under the watchful eye of his father, a distinguished curator, who recognized his son's natural agility and passion for sports.Under the direction of coach Surbhi Mishra, a renowned figure in Commonwealth and Asian Games teams, Avalokit swiftly ascended the ranks, securing top national and Asian rankings under 13 years old. His achievements include representing India thrice at the Asian Junior Championship, marking him as a formidable force in the international squash arena.Despite a rigorous training regimen and frequent international competitions, Avalok...

Samsung Unveils ‘Bespoke AI Days’ Offers on AI-Powered Digital Appliances

5Jul

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Samsung Unveils ‘Bespoke AI Days’ Offers on AI-Powered Digital Appliances

Gurugram, July 2024.Samsung, India's largest consumer electronics brand, today announced exciting promotions on its range of Bespoke AI-powered digital appliances.With these offers, Samsung aims to democratize AI and make its digital appliances more accessible for consumers. Samsung’s new range of Bespoke appliances enable smart living by seamlessly integrating AI to streamline tasks, allowing users to reclaim time for more meaningful pursuits in life, perfectly aligning with the ethos of "Do Less, Live More."For the next 10 days beginning July 5, customers can seize exclusive offers to explore the advantages of AI-driven living. These Bespoke AI-powered appliances empower users to personalize settings, offer user-friendly controls for all ages, and deliver prompt diagnostics for o...

Embracing Lifelong Learning is not just only imperative but an absolute necessity today: Shri Jayant Chaudhary

5Jul

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Embracing Lifelong Learning is not just only imperative but an absolute necessity today: Shri Jayant Chaudhary

New Delhi, July 05, 2024.Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship (MSDE), emphasized the pivotal role of digital infrastructure and collaborative learning models during his address at the SKILLS Bridge Masterclass Series today. It focuses onPromoting Lifelong Learning (LLL) for the Future of Work and the webinar’s topic was— AI-Powered Skill India Digital Hub (SIDH) for a Future Ready Workforce. It wasjointly organized by the National Skill Development Corporation (NSDC), International Labour Organization (ILO), World Bank and UNESCO. The webinar attracted over 120 delegates and 3000 participants with the discussion centered on leveraging digital infrastructure, work-based learning models, and industry-aca...

Optiemus Unmanned Systems diversifies; launches indigenized Drones for Agricultural and Mapping Applications

4Jul

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Optiemus Unmanned Systems diversifies; launches indigenized Drones for Agricultural and Mapping Applications

New Delhi, July 2024.Optiemus Unmanned Systems(OUS), a subsidiary of Optiemus Infracom Limited, a leading telecommunications and electronics manufacturing company in India, today launched its range of drones in agricultural and mapping category, which will be powered by components designed and manufactured in India. The innovative and competitively priced portfolio of drones are being showcased at the ongoing 5th Drone International Expo at Pragati Maidan, New Delhi. Optiemus Unmanned Systems (OUS) will be adopting a ‘Drone as a Service’ strategy to reach out to target markets and will be training around 6000 pilots to manage a fleet of 5000 drones by the end of 2025. Optiemus Infracom will be investing around INR 140 Crore in this project and targeting a service revenue of around INR ...

Zydus Lifesciences gets tentative approval from USFDA for BP lowering drug

4Jul

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Rajasthan News

Zydus Lifesciences gets tentative approval from USFDA for BP lowering drug

New Delhi, July 04, 2024.Zydus Lifesciences on Thursday said it has received tentative approval from the US health regulator to market its generic Azilsartan Medoxomil tablets used to treat high blood pressure.The tentative approval by the US Food and Drug Administration (USFDA) is for Azilsartan Medoxomil tablets of strengths 40 mg and 80 mg, Zydus Lifesciences said in a regulatory filing.The drug will be manufactured at the group's formulation manufacturing facility in Ahmedabad SEZ - II, it added.

Credit card spends treble in three years to Rs 18.31 lakh crore

4Jul

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Feature, National News

Credit card spends treble in three years to Rs 18.31 lakh crore

New Delhi, July 04, 2024.Credit card use is rising rapidly in the country if the customer spends through this route are any indication. The value of credit card transactions tripled in the last three years to Rs 18.31 lakh crore during the year ended March 2024 from Rs 6.30 lakh crore in March 2021 with the economy coming out of the problems created by the Covid pandemic and consumer confidence increasing steadily over the last several quarters.The value of credit card transactions rose from Rs 6.30 lakh crore to Rs 9.71 lakh crore during the year ended March 2022 and Rs 14.32 lakh crore as of March 2023, according to Reserve Bank of India data. The monthly spends by card users are now above Rs 1.50 lakh crore and remained at Rs 164,459 crore in the month of March this year. It was...

India’s T20 world champs welcomed by frenzied fans; hosted for breakfast by PM

4Jul

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India’s T20 world champs welcomed by frenzied fans; hosted for breakfast by PM

New Delhi, July 04, 2024.Exuberant fans lined up to express support despite monsoon showers and heavy security deployment before Prime Minister Narendra Modi hosted them for breakfast as India's T20 World Cup-winning cricket stars returned to a euphoric reception, here on Thursday.Hundreds of supporters, holding placards congratulating their favourites and waving the national flag, braved the inclement weather to wait outside the airport for the victorious side, which defeated South Africa by seven runs in the final in Bridgetown on Saturday last week.There was dancing, there were multiple cakes, and there were fans on streets showing just why cricket is the most passionately followed sport in the country. The energy rubbed off on the weary players, who joined in the fun after ...

4Jul

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Motorola launches razr 50 ultra

Mumbai, July 04, 2024.Motorola, a global leader in mobile technology and innovation, today has flipped the script of foldable smartphone technology yet again with the launch of its most advanced smartphone in the razr franchise, the motorola razr 50 ultra. This flip phone highlights Motorola’s commitment to evolution and excellence with its various industry leading features such as the largest, most intelligent external display of any flip phone.Imagine a world where your smartphone isn't just a device, but a personal assistant, creative studio, and productivity powerhouse all in one. By collaborating with Google, Motorola has turned this vision a reality by bringing AI-driven experiences and convenient features to the new mot...

India to roll out Rs 10,000 crore plan to procure AI GPUs in 2-3 months: Ashwini Vaishnaw

4Jul

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India to roll out Rs 10,000 crore plan to procure AI GPUs in 2-3 months: Ashwini Vaishnaw

New Delhi, July 04, 2024.The Centre will roll out the Rs 10,000 crore India AI Mission in the next two to three months under which it will help procure computing power for the domestic industry run artificial intelligence (AI) systems, Union IT Minister Ashwini Vaishnaw said Wednesday.“We will procure 10,000 or more graphics processing units (GPUs) under a public-private partnership so that the efficiencies of the industry can be harnessed for a bigger cause. We will also have an AI innovation centre, high quality data sets which can add more value to the efforts of startups, and an application development initiative where apps relevant to our socio-economic problems can be developed. We will have a huge focus on skill development,” Vaishnaw said at the inaugural session of the Glo...

Indian shares hit record highs, day after Sensex breached 80,000-mark

4Jul

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Indian shares hit record highs, day after Sensex breached 80,000-mark

New Delhi, July 03, 2024.IT stocks led Indian shares to open higher on Thursday, in line with Asian peers, after softer US data boosted hopes for a rate cut in September.The NSE Nifty 50 was up 0.27% at 24,354.1 points, while the S&P BSE Sensex added 0.29% to 80,214.56 points, hitting record highs, as of 9:26 a.m. IST.Asian shares rose on renewed bets that the Federal Reserve may start cutting rates in September following soft labour data in the world’s largest economy.Nine of the 13 major sectors in India logged gains. US rate-sensitive IT stocks rose 1%.Non-bank lender L&T Finance rose about 3% after strong loan growth and disbursal numbers in the June quarter.