Saturday, March 15

Business News

Business News Jaipur, Jaipur Business News

No Comments
Business News, Feature, National News

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...
Read More
No Comments
Business News, Feature, National News

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...
Read More
No Comments
Business News, Feature, National News

India’s digital economy poised to constitute 1/5th of GDP by 2026: RBI report

Mumbai, July 29, 2024.India's digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according to a Reserve Bank report released on Monday.In the foreword of 'Report on Currency and Finance (RCF) for the year 2023-24', Reserve Bank Governor Shaktikanta Das emphasised that digitalisation in finance is paving the way for next-generation banking and improving access to financial services at affordable cost.
Read More
No Comments
Business News, Feature, Health News

Introducing Zandu Care’s Dantveer Toothpaste: Holistic Dental Care for a Healthier Smile

New Delhi, July 29, 2024.A groundbreaking move towards holistic dental care, Zandu Care introduces Dantveer Toothpaste, a new-age Ayurvedic solution designed to ensure a healthier smile for all. As oral hygiene becomes increasingly vital, this innovative product aims to offer a natural, effective, and comprehensive approach to dental care.Revolutionising Oral Hygiene with Ayurveda Problems with oral health are common; they affect about half of the world's population and significantly influence general health. To solve these issues, Zandu Dantveer Toothpaste integrates modern scientific research with the age-old wisdom of Ayurveda. This unique mixture supports oral health and fights common dental issues like cavities, gum disease, and bad breath.
Read More
No Comments
Business News, Feature, National News

Samsung Galaxy Z Fold6, Z Flip6, Watch Ultra, Watch7 and Buds3 Go on Sale with Exciting Offers

Gurugram, July 2024.Samsung’s sixth-generation foldable smartphones and ecosystem products – Galaxy Z Fold6, Galaxy Z Flip6, Galaxy Watch Ultra, Watch7 and Buds3 – are now available across retail outlets near you. Consumers can also purchase the devices on Samsung.com, Amazon.in and Flipkart.Galaxy Z Fold6 and Galaxy Z Flip6 have proved to be a huge success, securing 40% higher pre-orders in the first 24 hours as compared to the previous generation foldables. Galaxy Z Fold6 and Z Flip6 are the slimmest and lightest Galaxy Z series devices ever, and come with perfectly symmetrical design with straight edges. The Galaxy Z series is also equipped with enhanced Armor Aluminum and Corning Gorilla Glass Victus 2, making it the most durable Galaxy Z series yet.Galaxy Z Fold6 and Z Fl...
Read More
No Comments
Business News, Feature, National News

Samsung Launches Galaxy Watch7, Galaxy Watch Ultra, Buds3 Series in India; Pre-book Now for Exciting Offers

Gurugram, July, 2024.Samsung, India’s largest consumer electronics brand, has announced exciting offers for consumers pre-ordering its new Galaxy Buds3, Galaxy Buds3 Pro, Galaxy Watch7 and Galaxy Watch Ultra smartwatches. Galaxy Watch7 and Galaxy Watch Ultra expand the power of Galaxy AI to more people through wearables designed to provide end-to-end wellness experiences for everyone.Galaxy Watch Ultra – the newest and most powerful addition to the Galaxy Watch portfolio – is designed for enhanced fitness experiences for next level achievements with ultimate intelligence and capabilities.The Watch Ultra gets a new cushion design to enhance protection and visual completeness. It comes with Titanium Grade 4 frame and 10ATM water resistance and can operate at a wider range of alti...
Read More
No Comments
Business News, Feature, National News

Samsung Records Tremendous Response from Customers for Galaxy AI powered Galaxy Z Fold6, Z Flip6 in India

Gurugram, July, 2024.Samsung, India’s largest consumer electronics brand, announced record pre-orders for its sixth-generation foldable smartphones – Galaxy Z Fold6 and Galaxy Z Flip6. In the first 24 hours, pre-orders for Galaxy Z Fold6 and Z Flip6 jumped 40% higher as compared to the previous generation foldables, making the new Z series the most successful in India.Pre-orders for Galaxy Z Fold6 and Z Flip6 opened on July 10 in India, along with the rest of the world. The new smartphones, along with the recently-launched ecosystem devices – Galaxy Watch Ultra, Galaxy Watch7, Galaxy Buds3 Pro and Galaxy Buds3 – will go on sale in India starting July 24,2024.“We are delighted with the consumer response for our new foldables - Galaxy Z Fold6 and Galaxy Z Flip6 in India. The 1.4x...
Read More
No Comments
Business News, Feature, National News

TechMahindra reports 1.0% QoQ growth in Revenues at Rs. 13,005 crores; PAT rises 28.8% to 851 crores; EBIT margins expand 110 bps

Mumbai, July, 2024.TechMahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries announced the audited consolidated financial results for its quarterended June 30th, 2024.Financial highlights for the quarter (USD)Revenue at USD 1,559mn; up0.7% QoQ, down 2.6% YoYRevenue grew by 0.7% QoQ, and declined by 1.2% YoY in constant currency termsEBITDA at USD 188mn; up 10.8% QoQ,15.3% YoY; Margin at 12.0%, up 110bps QoQ,190 bps YoYProfit after tax (PAT) at USD 102mn; up 28.6%QoQ, up21.3% YoYFree cash flow at USD 106mnFinancial highlights for the quarter (₹)Revenue at ₹13,005crores; up1.0% QoQ, down 1.2% YoYEBITDA at ₹ 1,564crores; up 11.1% QoQ, up16.9% YoY; Margin at 12.0%, up 110 bps QoQ,190 bps YoYConsolidated PAT at ₹...
Read More
No Comments
Automobile News, Business News

BMW Launches Premium CE 04 Electric Scooter in India with 130 km Range

New Delhi, July 26, 2024 – BMW Motorrad has launched its flagship electric scooter, the CE 04, in India, entering the premium electric two-wheeler segment. Priced at ₹14.90 lakh (ex-showroom), the CE 04 is now the most expensive electric scooter in the country. It features an 8.5 kWh battery pack, offering a remarkable range of up to 130 kilometers on a full charge. The purchase includes a 2.3 kW home charger that charges the scooter from 0 to 80% in 3 hours and 30 minutes, with an optional BMW Wallbox charger available for faster charging.
Read More
No Comments
Automobile News, Business News

BMW 5 Series Long Wheelbase launched in India at Rs 72.90 lakh

New Delhi, July 26, 2024 – BMW India has launched the 2024 BMW 5 Series Long Wheelbase at a starting price of Rs 72.90 lakh (ex-showroom). Deliveries for the eighth-generation model will begin in September. Locally produced at BMW Group Plant Chennai, this model is exclusively available as a petrol variant. The BMW 5 Series is a crucial model for the German luxury carmaker, maintaining its position as the market leader in the executive sedan segment globally for years. Since its first generation in 1972, around 10 million units have been sold worldwide
Read More
No Comments
Automobile News, Business News, Feature, National News

New Mini Cooper S, Mini Countryman electric launched in India

New Delhi, July 26, 2024.The new Mini Cooper S (fifth-gen) and the all-electric Mini Countryman (third-gen) have been launched in India with the former priced at Rs 44.90 lakh (ex-showroom) and the latter available for Rs 54.90 lakh (ex-showroom). Both models have entered the country as completely built-up units (CBUs).The Mini Cooper S is available in ten colour options, including Melting Silver, Midnight Black, Nanuq White, British Racing Green, Chili Red II, Indigo Sunset Blue, Blazing Blue, Icy Sunshine Blue, Ocean Wave Green and Sunny Side Yellow. For Classic pack, it is additionally available in Glazed White or Jet Black. 17-inch wheels with option of U-Spoke Spectre Grey, parallel spoke two-tone alloys is available as standard. Favoured Pack has 17-inch U-Spoke Vibrant Silve...
Read More
No Comments
Business News, Feature, Health News

Thyrocare Acquires Polo Labs’ Pathology Diagnostic Business to Strengthen Northern India Presence

New Delhi, July 26, 2024.Thyrocare, a leading diagnostic and preventive healthcare service provider in India, has entered into a Business Transfer Agreement with Polo Labs Private Limited to acquire their pathology diagnostic business. This strategic acquisition expands Thyrocare’s Footprints into the Northern part of India, further solidifying its position as a dominant player in the Indian diagnostic industry.Polo Labs Private Limited, based out of Punjab, is a well-established pathology diagnostic company with 14 laboratories across Punjab, Haryana, and Himachal Pradesh. Their robust network and expertise in the region make them a valuable addition to Thyrocare's operations. Currently, Polo Labs serves a substantial client base and has a significant market presence in North...
Read More
No Comments
Business News, Feature, National News

HDFC Life’s Latest Campaign Drives the Need for Financial Preparedness Among Parents to Secure Their Child’s Future

Mumbai, July 26, 2024.HDFC Life, one of India’s leading life insurers, has consistently aimed to strengthen its connection with audiences through relevant and insight-based communication. With its latest campaign, HDFC Life seeks to expand its brand presence and reach deeper into the southern states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana. As consumers continue to evolve, localised marketing strategies are crucial for driving stronger connections and affinity among audiences. The campaign has been tailored to capture cultural nuances and regional references that resonate locally. Aligning with the organisational strategy to extend its presence, the campaign aims to engage audiences in Tier 2 and Tier 3 markets through regional language communication, fostering a...
Read More
No Comments
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...
Read More
No Comments
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...
Read More
No Comments
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...
Read More
No Comments
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...
Read More
No Comments
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...
Read More
No Comments
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...
Read More
No Comments
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...
Read More
No Comments
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.
Read More
No Comments
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.
Read More
No Comments
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.
Read More
Verified by MonsterInsights