August, 2024 - Exclusive News

11Aug

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Feature, National News

Kalp Decentra Foundation and BIMTECH Announce Strategic Collaboration to Establish Blockchain Learning Centre

Noida, August 2024. Kalp Decentra Foundation, known by its brand name KALP, and the Birla Institute of Management Technology (BIMTECH) are excited to announce the launch of a strategic partnership. This collaboration aims to harness their combined expertise and resources to establish a state-of-the-art Blockchain Learning Centre at BIMTECH's campus. This initiative marks a significant step towards advancing blockchain education and research, providing students and professionals with cutting-edge knowledge and skills in this transformative technology. According to a report by Fortune Business Insights, the global blockchain technology market size was valued at $17.57 billion in 2023 and is projected to grow from $27.84 billion in 2024 to $825.93 billion by 2032, exhibiting a CAG...

9Aug

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Feature, National News

RBI MPC 2024 : Repo rate unchanged at 6.5% for 9th time in a row

New Delhi, August 09, 2024. RBI governor Shaktikanta Das announced Monetary Policy decision on (August 8). The Monetary Policy Committee (MPC) held its third bi-monthly policy meeting from August 6 to August 8. RBI kept its key interest rate unchanged, as widely expected, as the central continued its efforts to sustainably lower inflation towards its 4% target. Anu Aggarwal, Head – Corporate Banking, Kotak Mahindra Bank said, “RBI's decision to hold the repo rate at 6.5% for the ninth consecutive time was on expected lines amid persistent inflationary pressures with June inflation coming in at 5.1%, and food in particular running away at 8.4%. We need to watch out for Fed action in September when a rate cut is near certain which will set the stage for our own likely cut by ...

9Aug

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Feature, National News

RBI monetary policy: RBI keeps repo rate unchanged at 6.5%

New Delhi, August 2024. RBI's 4% target due to high food prices, the government’s revision of the consumer price index might ease future spikes. Bloomberg Economics predicts a 25-basis point cut. The RBI faces internal pressure for policy adjustment, with some MPC members advocating for rate cuts. Despite global trends, Das emphasises India’s independent policy, supported by strong reserves. Economists foresee a shift to a neutral policy stance. The RBI’s liquidity management, post-JPMorgan bond index inclusion, will also be crucial in this decision. Shanti Ekambaram, Deputy Managing Director, Kotak Mahindra Bank, said "The MPC's decision to maintain status quo on policy rates and stance underscores their commitment to managing inflation and ensuring price stability. With ...

9Aug

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Business News, Feature, National News

Signature Global Q1 FY25 Revenue grows 135% YoY to INR 4 billion

New Delhi, August 2024. Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135%to INR 4.0 billion compared to INR 1.7 billion inQ1 FY24. The Company’s net profit for the first quarter stood at INR 0.07 billion as against loss of INR 0.07 billion in Q1 FY24. For the quarter, the Company achieved pre-sales of INR 31.2 billion in Q1 FY25 with year on year growth of 255%. Collections for Q1 FY25 rose 102% to INR 12.1 billion compared to the INR 6.0 billion in Q1FY24. Company’s net debt reduced to INR 9.8 billion at the end of Q1 FY25 compared to INR 11.6 billion at end of FY24. Below are the Financial highlights for the first quarter ended June 30, 2024. ...

8Aug

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Business News, Feature, National News

Samsung Announces Exciting Independence DayLimited Period Offer on Galaxy S24; Now Available Starting INR 62999

Gurugram, August 08, 2024. Samsung, India’s largest consumer electronics brand, today announced never-before-seen price on its flagship Galaxy S24 smartphone. Starting August 8, 2024,Galaxy S24 will be available at just INR 62999 as part of a limited period Independence Day offer. The phone was originally priced at INR 74999. Additionally, consumers seeking enhanced affordability can take advantage of the convenient 24 months no-cost EMI offer to purchase Samsung’s flagship smartphone. Galaxy S24 ushers in a new era of mobile AI, enabling consumers to do more with Galaxy AI. Galaxy S24 enhances and redefines the phone’s most fundamental role: communication with Live Translate, two-way, real-time voice and text translations of phone calls within the native app. With Inter...

8Aug

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Automobile News, Business News, Feature, National News

Tata Motors Launches Curvv.evat an attractive starting price of ₹ 17.49 lakh

Mumbai, August 2024. Defining a new era of SUV design, Tata Motors, India’s leading automotive manufacturer,today, officially launched the Curvv.ev and showcased the Tata Curvv. Built on 5 key pillars of ‘Shaped to Stun’, ‘Shaped for Grandeur’, ‘Shaped for Performance’, ‘Shaped for Innovative Technology’ and ‘Shaped for Absolute Safety’, the Curvv marks the Company’s entry in to the highly competitive mid-size SUV segment.This new addition to the Tata Motors’ SUV range is a unique product blend ofSUV robustness and Coupe elegance. Breaking the clutter in a space dominated by boxy-SUV body styles, Tata Motors is proud to be the first OEM to bring this innovative body style to India, with the Curvv – India’ first SUV Coupe. As promised in 2022, today, the Company is launching the Curvv...

8Aug

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Business News, Feature, National News

HERO MOTOCORP INAUGURATES FIRST ‘HERO PREMIA’ STORE IN NEW DELHI

New Delhi, August 07, 2024 Aligned with its holistic premiumization strategy, Hero MotoCorp,world’s largest manufacturer of motorcycles and scooters, inaugurated its first ‘Premia’store in New Delhi today. Located in the prominent auto-hub of Naraina industrial area, the store displays eight models and features separate zones for Hero, VIDA, and Harley-Davidson products. Hero MotoCorp has been rapidly expanding its network of premium stores across the country, with over 40 Premia stores now operating in over 35 cities. Hero Premia stores feature modern architecture, appealing design, and engaging new-age digital technologies. They deliver abest-in-class premium experience, with professionally trained PremiaSales consultants offering personalized advice to customers. Additionall...

8Aug

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Business News, Feature

Samsung Teases India-Specific AI Washing Machine Set to Launch This Month

Gurugram, August 07, 2024. Samsung, India’s largest consumer electronics brand, today teased its upcoming AI-powered laundry specialist designed specifically for the Indian market. With the new launch, Samsungis set to revolutionize the laundry experience of Indian consumers. Thenew, AI-powered washing machine will seamlessly blend advanced technology into daily routines, promising to transform the way laundry is done by making it easier and more efficient. This launch aligns with Samsung’s vision to redefine convenience and empower consumers to “do less and live more.” Samsung has a stellarlegacy of driving washing machine innovation since 1974 when its first washing machine was introduced. The company launchedits first automatic washing machine in 1979, which simplified laundry ...

8Aug

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Feature, National News

Climate change making monsoons erratic and incessant

New Delhi, August 2024. Over84percentofIndiandistrictsarepronetoextremeheatwaves,ofwhich 70 per cent of them are witnessing increased frequency and intensity of extreme rainfallevents, according to a first-of-its-kind independent study released today by the IPE-Global and Esri India. The frequency, intensity, and unpredictability of these extreme heat and rainfall events havealsoriseninrecentdecades.WhileIndiahaswitnesseda15foldincreaseinextremeheatwavedaysacross the march-April-May (MAM) and June-July-August-September (JJAS) months in last threedecades, last decade alone has witnessed a 19 fold increase in extreme heat wave days. The studyalsofoundthatmonsoonsseasonsinIndiaarewitnessinganextendedsummerlikeconditionexcepton non-rainy days. The study was launched at a National Symposium ...

7Aug

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Business News, Feature, National News, Travel

Turkish Airlines Invites Indian Travelers to Experience Istanbul With Its Unique “Touristanbul” Service

New Delhi, 7th August 2024. Turkish Airlines, the airline that flies to more countries than any other, offersitscomplimentarytour service “Touristanbul”, providing guests a unique opportunity to explore the rich culture and history of Istanbul during their layovers. Touristanbul is a free guided tour service offered by Turkish Airlines to all international transfer passengers with a layover time of 6-24 hours. During the tours, Indian travellers can visit Istanbul’s most iconic sites and monuments, experience a taste of the city, and enjoy a fabulous view of the legendary Bosphorus. As part of the experience, passengers also have the opportunity to sample traditional Turkish cuisine at the selected restaurants. Turkish Airlines’ guests can book their Touristanbul ...

6Aug

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Automobile News, Business News, Feature, National News

Tata Passenger Electric Mobility Ltd. and Tata Power Renewable Energy Ltd. Collaborate to drive zero-emissions mobility in India

Mumbai, August 06, 2024. Tata Passenger Electric Mobility Ltd. (TPEML), the market leader in passenger electric vehicles in India, and Tata Power Renewable Energy Ltd. (TPREL), a leading entity in India's renewable energy landscape, a subsidiary of The Tata Power Company Ltd., have joined hands to drive zero-emissions mobility in India through a combined solution of Electric Vehicles and Solar Rooftop Systems. Through this collaboration, TPEML will enable customers to get a solar rooftop system installed through TPREL. In addition, both companies will promote EVs / EV Charging and Solar Rooftop Systems to their respective customers to drive awareness of the benefits of solutions. Electric Vehicles (EVs), which have zero tailpipe emissions, and solar power systems, which generate emis...

6Aug

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Business News, Feature, National News

Kotak Private Celebrates 20 Years of Excellence with multimedia campaign

Mumbai, 06th August 2024. Kotak Private Banking, a division of Kotak Mahindra Bank Limited (“KMBL” or “Kotak”), proudly commemorates two decades of excellence in the Indian private banking industry with its first-ever multimedia campaign. This milestone reaffirms its position as one of India’s premier Private Banking firms. The campaign, spanning print ads, out-of-home (OOH) displays, and digital platforms, celebrates Kotak’s investment credentials and its impact on some of India’s most affluent families, including 58%* of the country’s wealthiest individuals. Kotak Privateconsistently goes beyond basic investment avenues, assistingUHNI (Ultra High Net Worth Individuals) and HNI (High Net Worth Individuals) clients in not just managing their wealth, but also enabling them to live the...

6Aug

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Business News, Feature, National News

Gross Premium of Shriram General Insurance up 31% in Q1 FY25

Jaipur, August 06,2024. Shriram General Insurance Company (SGIC) has announced that its Gross Written Premium (GWP) during Q1 FY25 has increased by 31% to Rs 733 crore, over the same period last year surpassing the industry growth of 13%.The company wrote 1282017policies in Q1FY25 and earned a net profit of Rs. 114 crore sduring the first quarter of FY25, a growth of 17% from Rs 98 crores a year ago period. The company has settled 48290 claims during Q1 FY25, compared to 39076 in the year ago period. The solvency ratio was 3.87 as of 30 June 2024against the regulatory requirement margin of 1.5. The number of live policies has gone up to 62.85 Lakhs in Q1FY25from 57 Lakhs in the same period a year ago. Segment wise GWP (in Cr) till June 2024: ParticularsFor the Quart...

6Aug

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Business News, Feature, Travel

Turkish Airlines increased its passenger capacity by 7.7% in the second quarter of 2024, carrying 22.1 million passengers and recording a Profit From Main Operations of 591 million USD.

Istanbul, August 06, 2024. Despite ongoing global geopolitical tensions, bottlenecks in aircraft production, and engine problems, Turkish Airlines continued its growth uninterruptedly thanks to its agility and extensive flight network, carrying a total of 22.1 million passenger in the second quarter of the year. According to data published by the International Air Transport Association (IATA), while global passenger capacity in the second quarter of 2024 has just reached pre-pandemic levels, our Incorporation exceeded 2019 passenger capacity by 38% as one of the leading airlines in the industry amid intensifying competition. Through its operations at Europe's largest air cargo facility, Smartist, Turkish Cargo captured a significant share of the accelerated e-commerce growth in the s...

6Aug

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Business News, Feature, National News

Samsung India Announces ‘AI-Powered Freedom’ Sale with Exciting Independence Day Deals on its Premium AI TV Range

Gurugram, 06 August 2024. Samsung, India’s largest consumer electronics brand, has announcedattractive Independence Day offers on its premium AI televisions range. The exciting offers,which enable customers to be empowered by AI TVs, are valid on the Neo 8K, Neo QLED, OLED and Crystal 4K UHD TVs, helping users embrace the world of immersive viewing experiences. The Independence Day deals on Samsung’s AI television series will be valid between August 3 and August 31, 2024, across Samsung.com, online portals and Samsung retail outlets across India.This offer will help consumers embrace the future of television by bringing the ultimate cinematic experience directly into their homes, empowering them to break free from the ordinary and shift to a TV which is not only powered with AI but a...

6Aug

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Feature, National News, Sports News

Winning Team Sputnik Brain of Samsung ‘Solve for Tomorrow’ 2022 Represents India at the ‘Together for Tomorrow, Enabling People’ Digital Olympic Community for Paris 2024

Gurugram, August 2024. Samsung Electronics, a Worldwide Olympic and Paralympic Smartphone Partner, hosted an event with the International Olympic Committee(IOC) on July 31 in Paris to launch and promote a new digital community for people including the Olympic and Paralympic Games fans called “Together for Tomorrow, Enabling People.” The event was held at SPOT24, a multi-use exhibition space in Paris dedicated to Paris 2024, and was attended by IOC President Thomas Bach, MD of the IOC’s Television & Marketing Services Anne-Sophie Voumard, Paralympic Committee (IPC) President Andrew Parsons, President and Head of Global Marketing Office at Samsung Electronics YH Lee, President of Samsung Electronics Europe Office Il-kyung Sung and Luc Abalo, a former gold-medal-winning French handb...

4Aug

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Automobile News, Business News, Feature, National News

Hero MotoCorp and FIH Embark on Global Partnership

New Delhi, August 2024. The International Hockey Federation (FIH) is delighted to announce a new partnership with Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, for a period of five years. With this massively important agreement for hockey’s development, Hero MotoCorp becomesFIH’s Global Leadership Partner, and confirms their strong, long-term engagement with global hockey that has spanned over the past 15 years. This strategic alliance aims to elevate the sport to new heights,drive hockey’s global growth and inspire future generations of hockey enthusiasts worldwide. Dr.Pawan Munjal and Tayyab Ikram met on the side-lines of the ongoing Paris Olympics to discuss the collaboration. Commenting on the agreement, Dr. Pawan Munjal, Executive Chairman...

2Aug

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Feature, National News

Mahindra University Holds Third Annual Convocation, Awards Degrees to 751 Students

Hyderabad, August 2024. Mahindra University held its third annual convocation today at its campus and awarded degrees to 751 students. During the ceremony, students who demonstrated exceptional academic excellence, research accomplishments, and contributions to the community were awarded medals. This year marks the inaugural convocation for students of the Executive MBA programme. The event was presided over by Mr. Anand Mahindra, Chancellor, Mahindra University. Shri.Damodar Rajanarasimha, Hon’ble Minister of Health, Medical and Family Welfare, Science and Technology, Government of Telangana, was the Chief Guest while Smt. Shobana Kamineni, Promoter Director, Apollo Hospitals Enterprise, and Executive Chairperson, Apollo Health and Apollo Pharmacies, was the Guest of Honour. M...

2Aug

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Automobile News, Business News, Feature, National News

Toyota Kirloskar Motor Reopens Booking for Innova Hycross ZX& ZX (O) Grades

Bangalore, 2nd August 2024. Toyota Kirloskar Motor (TKM) announced the re-opening of bookings for the Innova Hycross ZX & ZX (O) models, effective 1st August 2024. Since its launch (Nov 2022), the Innova Hycross has received overwhelming customer response, appreciated for its proportions & poise of an SUV with the spaciousness of an MPV. The versatile Innova Hycross, available in both self-charging strong hybrid electric variant [SHEV] as well as gasoline variant, is celebrated for its glamor quotient, advanced technology, comfort, safety features and a thrill to drive. Owing to high demand situation, the bookings for the top end grades were put on hold temporarily. During this period, bookings for other grades of the Innova Hycross, both hybrid and gasoline, continued unabat...

2Aug

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Automobile News, Business News, Feature, National News

Tata Punch becomes the fastest to cross 4 Lakh sales milestone among SUVs

Mumbai, August 02, 2024. Tata Motors, India’s leading SUV manufacturer, is thrilled to announce that the Tata Punch has achieved a remarkable milestone, becoming the fastest to cross 4 Lakh sales milestone among SUVs, in just 34 months. Launched in October 2021, the Tata Punch introduced India to the sub compact SUV category. With its tall stance, high ground clearance and commanding driving position, the Punch is a stunning bold SUV that provides an exhilarating driving experience while smoothly navigating the diverse Indian terrains. Demonstrating the same, the Tata Punch emerged as one of the first front-wheel drive SUV to conquer the unpredictable peak of Sandakphu. Manoeuvring its way through the steep gradients, it proved its SUV capability to the world and truly punched above its...

2Aug

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Entertainment News

Kartik Aaryan wraps ‘Bhool Bhulaiyaa 3’ shoot

Mumbai, August 02, 2024. Actor Kartik Aaryan wrapped shooting for his upcoming horror-comedy "Bhool Bhulaiyaa 3" on Thursday. Aaryan, 33, made the announcement through his Instagram story. The actor shared a picture of the cake which had "Bhool Bhulaiyaa 3 FILM WRAP" written on it. He also captioned "This Diwali" below the post, hinting at the film's release date.

2Aug

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Business News, Feature, National News

Tata Steel, Welspun Corp develop hydrogen-compliant grades steel pipes

New Delhi, August 02, 2024. Tata Steel and Welspun Corp have jointly developed hydrogen-compliant grade steel pipes for transportation of the gaseous hydrogen, a statement said on Friday. The development assumes significance as hydrogen transportation is critical for its usage in different sectors. "Tata Steel and Welspun Corp achieved the significant milestone of developing hydrogen compliant API X65 grade pipes, which successfully surpassed all necessary critical sour service and fracture qualification tests for transportation of 100 per cent pure gaseous hydrogen under high pressure at RINA, Italy,"

2Aug

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Business News, Feature, Rajasthan News

CM Bhajanlal Sharma unveils logo for ‘Rising Rajasthan’ investment summit

Jaipur, August 02, 2024. To usher in a new phase of economic development of Rajasthan, Chief Minister Bhajanlal Sharma announced yesterday that his government will host ‘Rising Rajasthan,’ a mega global investment summit, on the 9th, 10th, and 11th of December 2024 in Jaipur with an aim to attract and facilitate global investment, innovation, and associations into the state. He also unveiled the logo of ‘Rising Rajasthan’ and launched a single-point investor interface for easier submissions of the MoUs seeking to make investments in Rajasthan. The logo launch marks the initiation of global branding with roadshows planned in different states and countries to showcase Rajasthan’s investment potential. The single-point investor interface, inaugurated by the Chief Minister, is a platf...