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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...
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Zomato shares zoom over 12 pc after strong Q1 results

New Delhi, August 02, 2024.Shares of Zomato zoomed more than 12 per cent on Friday after the food delivery aggregator reported a multi-fold jump in consolidated net profit to Rs 253 crore for the June quarter.The stock of Zomato surged 12.24 per cent to close at Rs 262.74 apiece on the National Stock Exchange (NSE).On the BSE, it climbed 12.11 per cent to settle at Rs 262.45 per piece.
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Textile Industry in India Embraces Solar Power with LONGi Modules

Coimbatore, August 02, 2024.The Indian textile industry, a cornerstone of the nation's economy, is taking a giant leap towards a greener future. A textile manufacturer in Coimbatore, Tamil Nadu has recently installed a solar power plant featuring LONGi's high-efficiency Hi-MO 5 solar modules. The project, carried out by the esteemed EPC firm Viridis Engineering, is already yielding impressive results, generating substantial amounts of clean energy and delivering significant cost savings.The project was commissioned in two phases: 1 MW in May 2023 and 750 kW in February 2024. The plant boasts a remarkable daily generation capacity of 6 units. This translates to a staggering annual saving of ₹1.9 crore on electricity bills for the textile manufacturer. In addition to securing power f...
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Tata Motors registered total sales of 71,996 units in July 2024

Mumbai, August 01, 2024.Tata Motors Limited sales in the domestic & international market for July 2024 stood at 71,996 vehicles, compared to 80,633 units during July 2023.Domestic Sales Performance:CategoryJuly 2024July 2023% change (Y-o-Y)Total Domestic Sales70,16178,844-11%Commercial Vehicles:CategoryJuly 2024July 2023Growth (Y-o-Y)HCV Trucks6,4938,502-24%ILMCV Trucks4,3414,899-11%Passenger Carriers4,4244,2923%SCV cargo and pickup10,17813,523-25%CV Domestic25,43631,216-19%CV IB1,6061,728-7%Total CV27,04232,944-18%Domestic sale of MH&ICV in July 2024, including trucks and buses, stood at 11,174 units, compared to 13,291 units in July 2023.Total sales for MH&ICV Domestic & International Business in July 2024, including trucks and buses, stood...
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Toyota Kirloskar Motor Continues to Steer Growth with Best Ever Sales of 31,656 Units in July 2024

Bangalore, 01 August 2024. For the second consecutive month, Toyota Kirloskar Motor has outperformed its sales achievement by registering best-ever monthly wholesale of 31,656 units in July 2024. While domestic sales accounted for 29,533 units, exports totalled to 2,123units during the month. This marks a remarkable growth of 44% compared to July 2023, when 21,911 units were sold.In the previous month of June 2024, TKM sold 27,474 units.In the first seven months of CY 2024, TKM sold 1,81,906 units, marking a remarkable 46% increase compared to the same period in CY 2023, which recorded sales of 1,24,282 units.Sales Performance:TimeframeJuly - 2024July - 2023GrowthY-o-Y31,656 units21,911 units44% TimeframeJan - July 2024Jan - July 2023GrowthFirst 7 months o...
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HERO MOTOCORP EXPANDS ITS GLOBAL PRESENCE

New Delhi/ Manila, August 01, 2024Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has commenced operations in the Philippines. This strategic expansion marks a significant milestone in the company’s effortsto strengthen its global presence.Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading and most experienced automotive groups in the Philippines, will serve asthe exclusive assembler and distributor of Hero MotoCorp products& services. The partnership between the two companies was announced in October 2022.Niranjan Gupta, Chief Executive Officer, Hero MotoCorp said, “The commencement of operations in the Philippines will bolster our overall global presence. Hero MotoCorp, with its extensive and in...
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Tata Motors Consolidated Q1 FY25 Results

Mumbai,August 01, 2024Tata Motors Ltd.(TML) announced its results for quarter ending June 30, 2024.Q1FY25 Consolidated (₹ Cr Ind AS)Jaguar Land Rover (£m, IFRS)Tata Commercial Vehicles (₹Cr, Ind AS)Tata Passenger Vehicles (₹Cr, Ind AS) FY25Vs. PYFY25Vs. PYFY25Vs. PYFY25Vs. PYRevenue108,0485.7%7,2735.4%17,8495.1%11,847(7.7)%EBITDA (%)14.4-15.8(50) bps11.6220 bps5.850 bpsEBIT (%)8.430 bps8.930 bps8.9240 bps0.3(70) bpsPBT (bei)8,828₹3,287crs693£258m1,535₹598crs173₹(13) crsTata Motors Consolidated:TML delivered astrong performance in Q1 FY25 with revenues at ₹108.0K Cr (up 5.7%), EBIT of ₹9.1KCr(+ ₹0.9KCr), EBIT margin of 8.4% (+30bps).JLR revenues grew by 5.4% to £7.3bwithEBIT margins of 8.9% (+30bps) driven by favourable volume, mix and material cost improvements. C...
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Kotak – GOQii Smart Vital Plus smart watch launched

Mumbai, 01 August, 2024.Kotak Mahindra Bank Ltd (“KMBL” / “Kotak”) has teamed up with GOQii to launch the Kotak - GOQii Smart Vital Plus smartwatch, revolutionizing the way customers make payments. Priced at INR 3499, this innovative wearable device combines contactless payments with health monitoring features. Powered by RuPay On-The-Go, the smartwatch enables seamless transactions up to INR 5000 without requiring a PIN.Launching the product, Rohit Bhasin, Head – Retail Liabilities Product & Chief Marketing Officer, Kotak Mahindra Bank said, “With the rise of digital payments, customers seek fast and cashless payments for frequent, low-value transactions. The Kotak – GOQii Smart Vital Plus smartwatch eliminates the need for cash, cards, or smartphones, enabling secure and seam...
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Demerger of CV business undertaking of Tata Motors Ltd into a separate listed company

Mumbai, August 1, 2024In furtherance to the announcement made on March 4, 2024, the Board of Directors of Tata Motors Limited (TML), today, has approved a Composite Scheme of Arrangement amongst TML, TML Commercial Vehicles Limited (TMLCV), Tata Motors Passenger Vehicles Limited (TMPV) and their respective shareholders under Sections 230-232 and other applicable provisions of the Companies Act, 2013 (“Scheme”).As a part of the Scheme, TML will demerge its Commercial Vehicle undertaking involving the Commercial Vehicle business (all the assets, liabilities and employees relating to the Commercial vehicle business) and all its related investments into TMLCV.Further, pursuant to the Scheme, the existing Passenger Vehicle business in TMPV, will be merged into TML, the existing listed e...
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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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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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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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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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