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Tata Motors launches Altroz Racer
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Tata Motors launches Altroz Racer

Mumbai, June 07, 2024.Tata Motors, India’s leading automotive manufacturer, today announced the launch of the Altroz Racer - the sporty avatar of the company’s premium hatchback. The performance aspect in the Altroz goes several notches higher with the introduction of the 1.2 L Turbo petrol engine. Elevated with the race car inspired exterior and interior look coupled with a power of 120 Ps @ 5500 rpm and torque of 170 Nm @ 1750 to 4000 rpm, this sporty evolution of the Altrozpromises an experience of pure exhilaration with every drive.Replete with features, the Racer will be the top of line version of the Altroz with 360 degree camera, 26.03 cm infotainment touchscreen, ventilated seats and 6 airbags (standard in Racer). It is the only hatchback to offer a 6 speed manual gearbox t...
Tata Motors passenger vehicle sales in rural market grows 4 times in 5 years
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Tata Motors passenger vehicle sales in rural market grows 4 times in 5 years

Jaipur, June  2024.Tata Motors, India's leading automobile manufacturer, sustained impressive sales performance in rural areas in FY24, which contributed to 40% of its overall passenger vehicle sales. The popularity of Tata Motors' New Forever range of cars and SUVs has risen among rural consumers, with 70% customer being first-time car buyers. With growing infrastructure, digital accessibility and purchasing power, the aspirations gap of rural and urban customers is reducing.Segmental shifts:Strong New Forever range of Tata cars and SUV offerings available in multi powertrain options (petrol, diesel, CNG and EVs) gives the customer the freedom of choice to choose from what best suits their needs.Tata SUV sales have grown from 35% to 70% in rural marketAlternate f...
Samsung India Unveils 2024 Lineup of Odyssey OLED, View Finity and Smart Monitors With AI Powered Features
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Samsung India Unveils 2024 Lineup of Odyssey OLED, View Finity and Smart Monitors With AI Powered Features

Gurugram, June  2024.Samsung, India’s largest electronics brand, today unveiled its 2024 lineup of Odyssey OLED gaming monitor, Smart Monitors and View Finity monitors with features that unlock next-level experiences and new AI capabilities1 for consumers. TheOdyssey OLED G6, and the Smart Monitor lineup heightens joy with more enhanced entertainment features, while the Smart Monitor M8 powered by AI and the ViewFinity lineup boosts connectivity to create a complete workstation.“Through the introduction of our 2024 lineup of Odyssey OLED gaming monitor, View finity and Smart Monitors, we want to unlock better experiences for consumers. Powered by groundbreaking AI Technologies and multi-device experience, the Odyssey OLED gaming monitor and Smart Monitors respectively will red...
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India Global Innovation Connect (IGIC) 2024: Global Leaders from across 17 countries call for Greater Collaboration to foster Technological Innovation in India

Bengaluru, June 2024.The 3rd Edition of the India Global Innovation Connect (IGIC) 2024 commenced today in Bengaluru with a powerful start, attracting more than 500 attendees featuring an impressive lineup of global industry leaders across 17 nations, investors, venture capitalists, entrepreneurs from US, Japan, Korea, Germany, Singapore, Israel, Switzerland, France, the UAE and others to engage in technology and business interaction with their peers in India.The inaugural day of IGIC 2024 witnessed key industry leaders from Indian and global startup founders, VC’s and investors, corporate and government leaders, technology and public policy experts under one common platform. The leaders and industry experts engaged with attendees in a range of keynotes and panels discussions i...
Rajesh Chandiramani takes over as Comviva CEO to lead the next phase of growth
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Rajesh Chandiramani takes over as Comviva CEO to lead the next phase of growth

New Delhi, 03 June 2024.Comviva, the global leader in customer experience and data monetization solutions, today announced that Rajesh Chandiramani hasassumedthe role of CEO and Whole-time Director, effective from 1st June 2024.The timing of this leadership transition coincides with Comviva's significant milestone of completing 25 years in business. As the company marks this achievement, it reaffirms its commitment to advancing as a global leader in Intelligent Software Platforms, embarking on a journey characterized by innovation and excellence.Rajesh steps into this pivotal role following the retirement of Manoranjan ‘Mao’ Mohapatra, who concluded his remarkable tenure with the company at the end of May 2024. Following his retirement, Mao will continue to serve on the Comviva Boa...
Bring the Stadium Home with Samsung ‘Big TV Days’ Sale on Ultra-PremiumTVs
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Bring the Stadium Home with Samsung ‘Big TV Days’ Sale on Ultra-PremiumTVs

Gurugram, June 03, 2024. Samsung, India's largest consumer electronics brand, today announced exciting offers on its big TVs, including the ultra-premium Neo QLED,OLED and Crystal 4K UHD TVs. The ‘Big TV Days’ offers have been introducedfor the T20 Cricket World Cup to enhance users’ entertainment experienceby truly bringing the stadium home.Customers purchasing Samsung TVs during ‘Big TV Days’ will get a free Serif TV worth INR 89990 or a Soundbar worth INR 79990 free, depending upon the TV purchased. Customers can also avail easy EMI starting INR 2990, and cashback upto 20%.The offers will be available on Samsung.com, leading retail stores, and various other online platforms, ensuring convenience for consumers nationwide. The offers will be available between June 1 and June ...
DP World Becomes ICC Top Tier Partner to Deliver Cricket at Every Level
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DP World Becomes ICC Top Tier Partner to Deliver Cricket at Every Level

Mumbai, June 03, 2024.DP World, a leading provider of global smart end-to-end supply chain logistics today announced the expansion of its partnership with the International Cricket Council (ICC).DP World and the ICC have worked closely together since partnering in June 2023, helping to deliver cricket equipment at the grassroots level and provide smart logistics at pinnacle ICC events. DP World now moves into the Premier Partner tier of the ICC’s portfolio, re-affirming the brand’s long-term commitment and mission to growing the sport around the world.This announcement comes as anticipation builds for the ICC Men’s T20 World Cup, where 55 matches will be held across nine host locations in the USA and West Indies from 1 - 29 June. There will be 16 group stage matches held in New...
Stock investors richer by Rs 13.78 lakh cr in post-exit poll rally
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Stock investors richer by Rs 13.78 lakh cr in post-exit poll rally

Mumbai, June 03, 2024.Investors' wealth jumped Rs 13.78 lakh crore on Monday as the benchmark equity index Sensex hit its lifetime high after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls.The 30-share BSE Sensex jumped 2,777.58 points or 3.75 per cent to hit a record peak of 76,738.89 in early trade. The benchmark finally ended at 76,468.78, registering a sharp rally of 2,507.47 points or 3.39 per cent.
Battery Smart partners with Zepto to provide greener last-mile deliveries
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Battery Smart partners with Zepto to provide greener last-mile deliveries

Mumbai, June 03, 2024. Electric two-and three-wheeler battery swapping network operator Battery Smart said on Monday that it has entered into a partnership with e-grocery and quick commerce service platform Zepto as part of which it will provide delivery partners access to over 1,000 battery-swapping facilities.The tie-up will enable Zepto's two-minute battery swaps across more than 30 cities, besides helping it deploy 10,000 new electric vehicles (EVs) to its fleet in FY25, Battery Smart said."We have partnered with Zepto to enable greener last-mile deliveries and empower more delivery partners to join the adoption of electric mobility. Zepto's growth over the past year has been remarkable, and now, with access to our growing network of swap stations, we look forward to s...
Strong content push buoys Bodhi Tree Multimedia’s massive FY24 Revenue growth by 50 %; EBITDA margin at 14.23%
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Strong content push buoys Bodhi Tree Multimedia’s massive FY24 Revenue growth by 50 %; EBITDA margin at 14.23%

Bodhi Tree Multimedia Limited (BTML) today announced its financial results for the fiscal year ended March 31, 2024.Its consolidated revenues saw a massive spike of growth of 50% - from Rs 42.82 crore in FY2023 to Rs 64.09 crore in FY2024. The Company’s Profit after tax (PAT) also witnessed a steady growth of 9% in FY2024, reaching Rs 3.73 crore, compared to Rs 3.25 crore in FY 2023, on the back of significantly increased content production in FY2024.Standalone revenues for FY2024 stood at Rs 37.36 crore. Operating expenses saw a 14% fall to Rs 32.04 crore in FY2024 from Rs 37.48 crore in the previous fiscal. EBITDA margin reported at 14.23%, as against 12.45% in FY2023.Bodhi Tree Multimedia recorded a remarkable 40% increase year-over-year in its content volume in FY2024, exce...
AC makers clock two-fold jump in sales in May amid scorching summer
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AC makers clock two-fold jump in sales in May amid scorching summer

Jaipur, June 03, 2024.A blistering summer has led to an almost two-fold jump in sales of air-conditioners in May even as leading manufacturers have been grappling with delays in installation and replenishing inventories of hot-selling energy-efficient models.The mercury is hovering above 45 degrees at several places including the national capital, which has been under the grip of a severe heatwave for the past few days. At the same time, AC makers are navigating exceptional demand, recording their best-ever sales in a month so far.Leading brands like Voltas, LG, Daikin, Panasonic, and Blue Star witnessed robust sales in May and the industry expects an overall growth of 30 to 35 per cent in 2024 compared to their sales of last year.
Amul milk price hiked by Rs 2/litre across all variants with effect from June 3
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Amul milk price hiked by Rs 2/litre across all variants with effect from June 3

Jaipur, June 03, 2024.The price of Amul milk across all variants has been hiked by Rs 2 per litre with effect from Monday in view of the increase in the overall cost of operation and production of milk, Gujarat Cooperative Milk Marketing Federation (GCMMF) said. With this, the price of the Amul milk pouch will go up by Rs 2 per litre in all markets across the country.The price of Amul milk across all variants has been raised by Rs 2 per litre with effect from June 3, said Jayen Mehta, MD of GCMMF, which markets the milk and dairy products under the ‘Amul’ brand.The last time GCMMF had raised the milk price was in February 2023. The hike is necessitated to compensate farmers for their increased cost of production, Mehta said.
Tata Motors registered total sales of 76,766 units in May 2024
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Tata Motors registered total sales of 76,766 units in May 2024

Mumbai, June 01, 2024.Tata Motors Limited sales in the domestic & international market for May 2024 stood at 76,766 vehicles, compared to 74,973 units during May 2023.Domestic Sales Performance:CategoryMay 2024May 2023% change (Y-o-Y)Total Domestic Sales75,17373,4482%Commercial Vehicles:CategoryMay 2024May 2023Growth (Y-o-Y)HCV Trucks7,9248,160-3%ILMCV Trucks4,4783,45030%Passenger Carriers4,7373,87422%SCV cargo and pickup11,33712,086-6%CV Domestic28,47627,5703%CV IB1,2151,419-14%Total CV29,69128,9892%Domestic sale of MH&ICV in May2024, including trucks and buses, stood at 12,987 units, compared to11,776 units in May 2023.Total sales for MH&ICV Domestic & International Business in May 2024, including trucks and buses, stood at 13,532 units com...
Toyota Kirloskar Motor Sells 25,273 units in May 2024, Records 24% Growth
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Toyota Kirloskar Motor Sells 25,273 units in May 2024, Records 24% Growth

Bangalore, 01 June 2024.Underpinning its robust and steady performance, TKM reported monthly growth by registering sales of 25,273 units in the month of May’2024. This represents a Year-on-Year growth of 24% compared to May 2023, when the company sold 20,410 units. In the month of May, domestic sales reached 23,959 units, complemented by an additional 1,314 units exported. The company also posted a growth of 23% over the month of April’ 2024, which saw sales of 20,494 units. Furthermore, this achievement also marks a notable 48% surge in the first five months of CY 2024, with total sales reaching 1,22,776 units, up from 82,763 units in the same period during the previous year.Sales Performance:TimeframeMay - 2024May - 2023GrowthY-o-Y25,27320,41024%TimeframeJanuary ...
MAGGI inspires change with first-of-its-kind edible fork
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MAGGI inspires change with first-of-its-kind edible fork

New Delhi, May 31, 2024.MAGGI's 'Deshkeliye 2 minute' initiative, launched in 2020, aims to create a significant impact through small actions. One of its goals is to offer sustainable alternatives to single-use plastic. In line with this objective, MAGGI has introduced an edible fork in partnership with NestléR&D India (a subsidiary of Nestlé S.A and a part of Nestlé’s global R&D network) and an Indian start-up Trishula. Made from wheat flour, this innovative fork enhances the delightful experience of savoring MAGGI Cuppa Noodles, adding to its soupy, slurpy, and masaledar charm.Earlier in 2023, MAGGI also launched foldable, compostable forks in India which was jointly developed in collaboration with Nestlé’s Institute of Packaging Sciences in Lausanne, Switzerland, Kaneka ...
HERO MOTOCORP LAUNCHES THE LATEST GENERATION SPLENDOR+
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HERO MOTOCORP LAUNCHES THE LATEST GENERATION SPLENDOR+

New Delhi, May 31, 2024Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has launched the latest generation of the iconic Splendor – the Splendor+XTEC 2.0 – to celebrating the 30th anniversary of the world’s highest-selling motorcycle.Thispremium and tech-laden Splendor keeps its iconic design while integrating modern elements such as LED headlights with HIPL (High Intensity Position Lamp), a unique H-shaped signature tail lamp that givesit a distinctive appearance and multiple convenience & safety features. Showcasing its all-around dominance,the motorcycle boasts excellent fuelefficiency of 73 kmpl.The Splendor+ XTEC 2.0 includes a digital speedometer with Eco-indicator for better fuel efficiency, RTMI (Real Time Mileage indicator), Bluetooth co...
India’s GDP grows at 7.8% in Q4FY24
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India’s GDP grows at 7.8% in Q4FY24

New Delhi, May 31, 2024.India's gross domestic product (GDP) for the fourth quarter of the current financial year grew by 7.8% year-on-year, according to data released by the Ministry of Statistics and Programme Implementation on Thursday.This is better than what most economists had predicted. In the same period last year, GDP growth was 6.1%, and in the previous quarter, it was 8.4%.The Reserve Bank of India (RBI) had forecasted a 6.9% growth in real GDP for Q4FY24, with a full-year projection of 7.6%.It may be noted that the Real Gross Value Added or GVA has been estimated to grow at 6.3% in the final quarter of FY24.The country's real GDP for FY24 is estimated to be 8.2%, compared to 7% in FY23."Real GDP has been estimated to grow by 8.2% in FY 2023-24 as compare...
Bajaj Finserv Direct launches Technology Services hub in UAE
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Bajaj Finserv Direct launches Technology Services hub in UAE

Dubai, May 31, 2024.Bajaj Finserv Direct, a subsidiary of Bajaj Finserv, on Friday announced the launch of its Technology Services business hub at the Dubai International Financial Centre (DIFC) here as part of its foray into the Middle East market.The Technology Services division, Bajaj Technology Services in the UAE, will cater to the larger regional market.Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv said, “Given our strong track-record of building tech-driven businesses, Bajaj Finserv is well poised to be at the forefront of digital transformation in financial services.
Tata Group firms executing over 100 GenAI projects: N Chandrasekaran
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Tata Group firms executing over 100 GenAI projects: N Chandrasekaran

Mumbai, May 31, 2024.Tata group chairman N Chandrasekaran on Friday said companies in the diversified group are executing over 100 generative artificial intelligence projects.AI can also have negative impacts, Chandrasekaran said, flagging potential job losses and privacy concerns as the areas we need to focus on.Addressing the group's information technology (IT) services arm TCS' 29th annual general meeting here, Chandrasekaran said all the projects have benefitted the group and that GenAI will have a significant impact on nearly every sector in the country in future.
Wipro 3D and ISRO Jointly Pave the Way for Sustainable Space Exploration Through Additive Manufacturing
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Wipro 3D and ISRO Jointly Pave the Way for Sustainable Space Exploration Through Additive Manufacturing

Bangalore, May 31, 2024.Wipro 3D, in collaboration with the Indian Space Research Organisation (ISRO), celebrates a pathbreaking achievement in space technology with the successful manufacturing of the PS4 3D-printed rocket engine powering the 4th stage of Polar Satellite Launch Vehicle (PSLV). Dr. V Narayanan, Distinguished Scientist and Director of Liquid Propulsion Systems Centre (LPSC), ISRO lauded the accomplishment during his recent visit to the Wipro 3D's facility.The Polar Satellite Launch Vehicle (PSLV) is an expendable launch system designed to place earth observation and Scientific satellites into precise orbits enabling multiple applications like remote sensing, oceanography, cartography, mineral mapping, disaster warning etc. To ensure accurate orbital placem...
Reliance unveils Jio Finance app
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Reliance unveils Jio Finance app

Jaipur,May 31, 2024.Jio Financial Services Limited has unveiled the beta version of its JioFinance app. On the app, users will get services like digital banking, UPI transaction, bill payment and insurance advisory.At the same time, Mukesh Ambani-led Reliance Industries Limited (RIL), Tata Group and Adar Poonawala's Serum Institute of India (SII) have been included in the list of the world's most influential companies by America's famous company Time Magazine.
RBI moves 1 lakh kg of gold from UK to its vaults in India
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RBI moves 1 lakh kg of gold from UK to its vaults in India

New Delhi, May 31, 2024.The Reserve Bank of India (RBI) has moved approximately 100 tonnes (1 lakh kilograms) of gold from the United Kingdom to its vaults in India, Business Today reported, quoting sources.This is the first time since 1991 that India has undertaken such a large-scale transfer of gold reserves.More than half of the RBI’s gold reserves are held overseas in secure custody with the Bank of England and the Bank of International Settlements, while approximately a third is stored domestically.It may be noted that the move is expected to help the RBI save on storage costs currently paid to the Bank of England.The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024, an increase from the 794.63 tonnes held at the...
NSE launches India’s first electric vehicle index
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NSE launches India’s first electric vehicle index

New Delhi, May 31, 2024.NSE’s index services subsidiary, NSE Indices Limited, on Thursday launched the country's first electric vehicle (EV) index.The new thematic index is called the Nifty EV & New Age Automotive Index, and will track the performance of companies that are part of the electric vehicle (EV) ecosystem or are involved in developing new-age automotive vehicles or related technology."The new index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds, and structured products," said NSE.The base date for the index is April 2, 2018, and its base value is 1000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis.Mukesh Agar...
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