Friday, March 14

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Business News Jaipur, Jaipur Business News

Federal Bank and Tata AIA Life Insurance Announce Strategic Bancassurance Partnership
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Federal Bank and Tata AIA Life Insurance Announce Strategic Bancassurance Partnership

Mumbai,May 31, 2024.Federal Bank, a prominent private sector bank in India, announced a Bancassurance tie-up with Tata AIA Life Insurance Co Ltd, one of India's leading life insurance companies. This strategic alliance aims to provide Federal Bank's customers, access to Tata AIA Life's comprehensive insurance product suite.Federal Bank has an extensive network, which will enable Tata AIA to further strengthen its footprint. Both the entities focus on technology enabled, consumer centric business model, adding to the synergies of the partnership.For Federal Bank customers, the partnership will enable them to benefit from Tata AIA's diverse, consumer centric life insurance solutions, including term insurance, savings and wealth creation plans, retirement,...
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IDFC First Bank to issue shares worth Rs 3,200 cr via preferential issue
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IDFC First Bank to issue shares worth Rs 3,200 cr via preferential issue

Jaipur, May 30, 2024.IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bankis seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 overFY23. The Bank also sees significant upcoming opportunities for loan growth with high asset quality.The overall asset quality of the Bank continues to be good, with GNPA of 1.88% and NNPA of 0.60%as of March 31, 2024. In the retail, rural and sme finance book, the Gross and Net NPA continues tobe quite low at 1.38% and 0.44% respectively as of March 31, 2024.The Bank is also well positioned in terms of experience, team, technology, systems, riskmanagement and controls, to take advantage of the growth opportunities in a stable manner. Thebusine...
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Join the Celebration: Special Deals at 300+ Nationwide outlets – One Bite Closer to your Dreams
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Join the Celebration: Special Deals at 300+ Nationwide outlets – One Bite Closer to your Dreams

New Delhi, May 30, 2024.ONE BITE is one of the fastest-growing fast-food restaurant chains in India, renowned for its diverse menu, alluring ambience, and groundbreaking franchise opportunities. With 300+ outlets nationwide, ONE BITE empowers individuals to realize their entrepreneurial dreams through its innovative franchise model, offering attractive investment options and significant returns.In the Fast-Paced world of Fast Food Franchises, achieving significant milestones is not a small feat. However One Bite, a prominent brand in the Indian fast food industry, has recently marked a remarkable achievement by expanding its footprint to over 300+ Franchise outlets nationwide. We have covered 26 States of Indian Territories and leading to a widespread presence i...
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Timex Group India Ltd Reports Double Digit Growth for Q4
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Timex Group India Ltd Reports Double Digit Growth for Q4

New Delhi, May 30, 2024.Timex Group India Ltd, part of the iconic watchmaker celebrating glorious 170 years of skillfully crafting watches, declared its earnings for the quarter ended March 24. Backed by sound strategic initiatives, the company reported a robust revenue growth of 11% and an impressive growth of 69% in profit before tax for the March quarter.Q4 FY23-24 Channel Performance •  E-commerce continues to be a strong contributor to the Company’s revenue. The channel saw a growth of 67% over the same period last year.•  On the back of rising consumer affinity for premium segments, the luxury business continued its momentum with 48% growth vs the previous year’s same quarter.Q4 FY23-24 Brand Performance •  The luxury brand Versace, on...
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Truecaller surpasses 400 million active users
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Truecaller surpasses 400 million active users

Bengluru, May 30. 2024.Truecaller, the leading global platform for verifying contacts and blocking unwanted communication is proud to announce the very significant milestone of 400 million users monthly. Truecaller continues to grow rapidly in many different geographic markets and has since 31 March this year grown with 10.1 million users.“Reaching 400 million active users each month is something we are, of course, very proud of, but at the same time, we know that the need for a solution like Truecaller is significantly greater. The problem of unwanted communication, spam, and fraud over the phone is unfortunately only growing for both individuals and businesses. New technology and increased opportunities for fraudsters to make money are driving this development. We continue to dev...
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Adani Group plans e-commerce, payments ventures
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Adani Group plans e-commerce, payments ventures

New Delhi, May 28, 2024.India’s Adani Group has been considering an application for a licence to operate on the country’s public digital payments network and is in talks with banks to finalise plans for a co-branded credit card, the Financial Times reported on Tuesday.The plans to dial up consumer businesses came as billionaire Gautam Adani’s ports-to-power conglomerate mulled spending $84 billion in infrastructure over the next decade.If approved, the group will enter India’s burgeoning digital payments market and compete with incumbents Google Pay and Walmart-backed PhonePe.
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iOS 18 will be all about customisation options in iPhone
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iOS 18 will be all about customisation options in iPhone

New Delhi, May 28, 2024.Apple is gearing up for its developer conference WWDC 2024 next month, and one of the big highlights of the event will be iOS 18. The new OS update for iPhones is said to bring the biggest revamp in iOS history, with a range of customisation options, AI, smarter Siri, and a lot more to offer iPhone users greater flexibility than ever before.Let's take a detailed look at everything we are expecting from the upcoming iOS 18 software upgrade.According to Bloomberg's Mark Gurman, the upcoming iOS 18 will introduce a range of customisation options, including the option to change the colour of app icons, providing users with the freedom to curate their home screens to suit their preferences. This feature will provide iPhone users with more options for personal...
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LIC Q4 net profit rises 2 pc to Rs 13,763 crore
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LIC Q4 net profit rises 2 pc to Rs 13,763 crore

New Delhi, May 28, 2024.Insurance behemoth LIC on Monday posted a marginal 2 per cent increase in net profit at Rs 13,763 crore in the fourth quarter ended March 2024 as the corporation made provisions for wage hike.The insurer had earned a profit of Rs 13,428 crore in the corresponding quarter a year earlier.The total income of the insurer during the reporting quarter rose to Rs 2,50,923 crore from Rs 2,00,185 crore in the same period of the preceding fiscal, LIC said in a regulatory filing.
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Dish TV Q4 net loss widens to Rs 1,990 cr, revenue declines 19 pc to Rs 407 cr
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Dish TV Q4 net loss widens to Rs 1,990 cr, revenue declines 19 pc to Rs 407 cr

New Delhi, May 28, 2024.Direct-to-home broadcast service provider Dish TV India on Monday said its consolidated net loss widened to Rs 1,989.69 crore in March 2024 quarter due to impairment of investments in OTT business Watcho as well as property, plant and equipment.The company had reported a net loss of Rs 1,710.62 crore in the January-March quarter a year ago, according to a regulatory filing.Its revenue from operations was down 19.38 per cent to Rs 406.95 crore during the quarter under review as against Rs 504.82 crore in the corresponding quarter.
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Shriram Finance FD Now Available on Bajaj Markets; Earn High Interest Returns
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Shriram Finance FD Now Available on Bajaj Markets; Earn High Interest Returns

New Delhi, May 28, 2024.Bajaj Markets, a digital financial marketplace, has partnered with Shriram Finance to offer high-yielding Fixed Deposits (FDs) online. This partnership aims to provide customers a secure investment option, offering interest rates of up to 9.40% p.a. The Shriram Finance Fixed Deposit caters to a diverse range of investors, including senior citizens and women, offering additional benefits to maximise their returns. Senior citizens can earn 0.50% p.a. higher interest compared to non-senior citizens.One can enjoy the following benefits of investing in this FD:•  Additional interest of 0.10% p.a. for women•  0.25% p.a. increase in interest rate upon renewal•  Flexible tenors ranging between 12...
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Thermo Fisher Scientific launches ‘Make in India’ Air Quality Monitoring Systems to support India’s clean air initiatives
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Thermo Fisher Scientific launches ‘Make in India’ Air Quality Monitoring Systems to support India’s clean air initiatives

Pune, May 28, 2024.Thermo Fisher Scientific, the world leader in serving science, has announced the commencement of manufacturing of Air Quality Monitoring System (AQMS) analyzers in India. The analyzers will be engineered, manufactured and validated at Thermo Fisher’s facility at Nasik, Maharashtra. Thermo Fisher has been supporting leading players in cement, metals, mining, oil and gas, power, chemicals and other industries in India with these analyzers, manufactured at its facilities in the USA and China. The analyzers are then assembled into Make in India Class 1 Continuous Ambient Air Quality Monitoring Station (CAAQMS) at its Pune facility.By now manufacturing these analyzers in India, Thermo Fisher has further fortified its commitment to India’s localization and env...
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Samsung Unveils Galaxy F55 5G with Classy Vegan Leather Design
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Samsung Unveils Galaxy F55 5G with Classy Vegan Leather Design

Gurugram, May 27, 2024.Samsung, India’s largest consumer electronics brand, today announced the launch of Galaxy F55 5G, the most premium Galaxy F series smartphone.Galaxy F55 5G’s sleek and stylish aesthetics, along with a premium vegan leather finish back panel makes it an eye-catching device. With Galaxy F55 5G, Samsung will be launching a classy vegan leather design smartphone for the very first time in the F-Series portfolio. Galaxy F55 5G stands out with segment-leading features such as Super AMOLED+ display, powerful Snapdragon 7 Gen1 processor, 45W super-fast charging, four generations of Android upgrades and five years of security updates, ensuring users can enjoy the latest features and enhanced security for years to come.“With Galaxy F55 5G, Samsung will be offering a cl...
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BharatPe, PhonePe amicably settle all long-standing trademark disputes on ‘Pe’ suffix
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BharatPe, PhonePe amicably settle all long-standing trademark disputes on ‘Pe’ suffix

New Delhi, May 27, 2024Fintech unicorns BharatPe Group and PhonePe Group have amicably settled all long-standing legal disputes pertaining to the use of the trademark with the suffix ‘Pe’, both companies said in a joint statement.BharatPe and PhonePe had been involved in long-drawn legal disputes across multiple courts, over the course of the last five years. The settlement will put an end to all open judicial proceedings, the statement said.“BharatPe and PhonePe amicably settled all long-standing trademark disputes,” the statement said.As a next step, parties have already taken steps to withdraw all opposition against each other in the trademark registry, which will help them to proceed with the registration of their respective trademarks, the statement said.
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Four Seasons Festive Showcase Celebrates Timeless Heritage with Akutee and Nebula by Titan
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Four Seasons Festive Showcase Celebrates Timeless Heritage with Akutee and Nebula by Titan

Bangalore, May 27, 2024.Elegance met artistry at Four Seasons Hotel Bengaluru, in an evening epitomised by luxury and sophistication. For one night only, the hotel’s exclusive club lounge - The Collection, known for serving premium whiskies, fine cigars and gourmet hors d’oeuvres, played host to the Four Seasons Festive Showcase. Luxury met artistry, and every detail was a testament to excellence and stories of craftsmanship and innovation. “The event is an embodiment of our commitment to providing our guests with unforgettable experiences that go beyond traditional hospitality,” says Shalabh Arora, Director of Marketing at the hotel. Akutee: The series began with a presentation by bespoke apparel brand Akutee, conceived by mother-daughter duo, Urm...
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Axiscades’ arm gets Rs 90 crore order from BEL
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Axiscades’ arm gets Rs 90 crore order from BEL

New Delhi, May 27, 2024.Engineering solutions provider Axiscades on Monday said its arm has received an order worth Rs 90 crore from the state-owned Bharat Electronics Ltd.The order entails the design, development, and supply of eight radar processing systems for the Arudhra Medium Powered Radar (MPR), a project of Bharat Electronics Ltd (BEL), for the defence sector, Axiscades said in a statement.Axiscades' subsidiary Mistral has secured a Rs 90 crore order from BEL for supply of radar processing systems. The systems will be delivered over a span of four years, it said.
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Jio Financial eyes Rs 36,000 crore deal with Reliance Retail
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Jio Financial eyes Rs 36,000 crore deal with Reliance Retail

New Delhi, May 24, 2024.Jio Financial Services (JFS) is eyeing a deal worth Rs 36,000 crore with the retail arm of Reliance Industries (RIL), as it plans to step into the device leasing business, as per a postal ballot notice from the company.According to the proposal, a unit of JFS, named Jio Leasing Services, will acquire telecom equipment and devices, including routers and cell phones. The approval from shareholders is still pending for the proposal.Jio Leasing Services aims to enter the operating lease business using a Device-as-a-Service (DaaS) model.In this model, businesses or individuals lease goods along with associated services rather than buying them outright. These services usually include installation, maintenance, support, and sometimes updates.Reliance Re...
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Lenovo Yoga 7i 2-in-1 review
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Lenovo Yoga 7i 2-in-1 review

New Delhi, May 24, 2024.Not everyone likes laptops that also transform into tablets. But surely enough people want them for companies to attempt and create devices that are truly 2-in-1, that is a single device with functionality of a laptop and a tablet. Of course, there are two ways to go about it: One, attach a keyboard to a tablet like Apple is doing. Or make the hinge of the laptop so that it can swivel and twist like a practised gymnast. Lenovo, for several years now, is doing that with its Yoga laptops. Of these all, the latest Yoga - the Yoga 7i - gets a lot of things right.Not everyone likes laptops that also transform into tablets. But surely enough people want them for companies to attempt and create devices that are truly 2-in-1, that is a single device with functionali...
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Coromandel launches 10 new products to boost crop yields
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Coromandel launches 10 new products to boost crop yields

New Delhi, May 24, 2024.Agro-chemical firm Coromandel International on Friday introduced 10 new products, including patented ones, to boost crop yield and protect harvests from pests and diseases.The new products include an innovative neem-coated bio plant and soil health promoter and five generic formulations, offering comprehensive crop protection solutions for Indian farmers, the company said in a statement.Coromandel has partnered with Japan's ISK to launch Prachand, a patented product using Japanese technology to protect paddy crops from pests like stem borers and leaf folders that can cause up to 70 per cent yield losses.
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EaseMyTrip slips into red, reports Rs 15 cr loss in Q4
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EaseMyTrip slips into red, reports Rs 15 cr loss in Q4

New Delhi, May 24, 2024.Travel booking platform EaseMyTrip on Friday reported a loss of Rs 15.07 crore for the March quarter on a consolidated basis, as against a profit after tax (PAT) of Rs 31.05 crore a year ago.For the full financial year ended March, the company reported a PAT of Rs 103.46 crore down from Rs 134.10 crore in the previous fiscal, the company said in a regulatory filing.Its total income for the fourth quarter of FY24 rose to Rs 172.55 crore, as against Rs 120.79 crore in the year-ago period.
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Google to buy minority stake in Flipkart in fresh funding round
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Google to buy minority stake in Flipkart in fresh funding round

New Delhi, May 24, 2024.Internet major Google has proposed an investment in e-commerce major Flipkart to buy a minority stake during the company's fresh funding round, the Walmart group firm said on Friday."As part of the latest funding round led by Walmart, Flipkart today announced that it will be adding Google as a minority investor, subject to receipt of regulatory and other customary approvals by both parties," Flipkart said in a statement.The e-commerce firm, however, neither disclosed the amount proposed to be invested by Google nor the details of the fund being raised by the firm.
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Zee seeks $90 million termination fee from Sony for failed merger
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Zee seeks $90 million termination fee from Sony for failed merger

New Delhi, May 24, 2024.Zee Entertainment Enterprises Ltd (ZEEL) has demanded a termination fee of $90 million (Rs 750 crore) from Sony Pictures Networks India, now known as Culver Max Entertainment Pvt. Ltd., along with its entity Bangla Entertainment Pvt. Ltd. (BEPL), for calling off a $10-billion merger deal in January."Culver Max and BEPL have failed to comply with their obligations under the Merger Cooperation Agreement (MCA). Therefore, the Company has terminated the MCA and called upon Culver Max and BEPL to pay the termination fee i.e. the aggregate amount equal to USD 90,000,000, in accordance with the MCA," said Zee in a stock exchange filing on May 23.
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Hero Realty appoints Madhur Gupta as CEO
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Hero Realty appoints Madhur Gupta as CEO

New Delhi, May 24, 2024.Hero Realty Pvt Ltd (HRPL) on Friday said it has appointed Madhur Gupta as its Chief Executive Officer.Before joining Hero Realty, Gupta was CEO of Hero Steels Ltd, a part of Hero Enterprise, according to a statement."His diverse background in the mining and metals industry and his strong proficiency in procurement, engineering, business development, project engineering, and supply chain management position him perfectly to lead HRPL into a new era of growth and innovation," it said.
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Google plans to invest billions in Tamil Nadu for smartphone plant
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Google plans to invest billions in Tamil Nadu for smartphone plant

New Delhi, May 24, 2024.Google plans to invest billions of dollars in Tamil Nadu, to establish smartphone manufacturing facilities, reported Bloomberg.The tech giant has set its sights on Tamil Nadu in its bid to expand manufacturing operations within the nation.Google intends to start the assembly of Pixel phones in the state, setting up fresh production lines in collaboration with Taiwanese contract manufacturing partner Foxconn Technology Group, according to sources familiar with the matter quoted in the report.Additionally, its Wing subsidiary is also expected to begin drone assembly operations in Tamil Nadu.A delegation from the Tamil Nadu government, including Minister for Industries TRB Rajaa and senior executives, had discussions with senior Google management in...
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