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Tata Motors’ subsidiaries – TPEM and TMPV join hands with Bajaj Finance, offers financing program for authorized passenger and electric vehicle dealers
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Tata Motors’ subsidiaries – TPEM and TMPV join hands with Bajaj Finance, offers financing program for authorized passenger and electric vehicle dealers

Mumbai, May 2024.In a bid to improve options and ease of financing for the dealers, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) – subsidiaries of Tata Motors, India’s leading automotive manufacturer, have joined hands with Bajaj Finance, part of Bajaj Finserv Ltd., one of India’s leading and most diversified financial services groups, to extend supply chain finance solutions to its passenger and electric vehicle dealers. Through this memorandum of understanding (MoU), the participating companies will come together to leverage Bajaj Finance’s wide reach to help dealers of TMPV and TPEM access funding with minimal collateral.The MoU for this partnership was signed by Mr. Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility Ltd....
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Exicom launches India’s Fastest DC Charger, Engineered to Make EV Charging Experience Effortless
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Exicom launches India’s Fastest DC Charger, Engineered to Make EV Charging Experience Effortless

New Delhi, May 21, 2024.Exicom, a leading provider of electric vehicle (EV) charging and Critical Power solutions in India, today announced the launch of India's fastest DC Chargers up to 400kW. The newly launched Harmony Gen 1.5 DC Fast Chargers are bundled with a range of advanced features including an advanced AI-driven remote management system, high operational efficiency, integrated ambient lighting, and many features focusing on improving customer charging experience which is often overlooked and is the biggest concern for first time users. Harmony g1.5 is available in three frame sizes, and its modular construction offers power outputs from 60 kW to 400 kW.Exicom introduces its upgraded line of DC chargers with a focus on user-centric design and functionality, emphasizing an...
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Orb Energy launches its first 35 MW ground-mounted solar park in Karnataka
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Orb Energy launches its first 35 MW ground-mounted solar park in Karnataka

New Delhi, May 21, 2024.Orb Energy, a key player in the Indian solar power industry has launched its first 35 MW (DC) ground-mounted solar park in Arsikere in Hassan district, the company said on Tuesday.Spanning 110 acres and delivering 5.24 crore units of green power while reducing 45,000 tons of carbon dioxide every year, this solar park has been developed specifically to empower SMEs in the region, they said.In a statement, the company said Orb Energy anticipates developing and commissioning approximately 400 MW of solar parks for SMEs across India by the end of the decade, with a projected investment of approximately Rs 2,000 crore over the same period.
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Gold, silver retreat from record levels amid profit taking
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Gold, silver retreat from record levels amid profit taking

Jaipur, May 21, 2024.Gold and silver prices retreated from record highs in the national capital on Tuesday, with the yellow metal plunging by Rs 550 per 10 grams due to profit-taking and weak global trends.According to HDFC Securities, gold prices were impacted by hawkish comments from one of the US Fed Reserve members, who suggested that interest rates will need to continue at current levels for a longer period to bring inflation back to target.Gold prices declined by Rs 550 to Rs 74,650 per 10 grams.
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ONGC net profit jumps 19 times in Q4; record profit in FY24
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ONGC net profit jumps 19 times in Q4; record profit in FY24

New Delhi, May 21, 2024.State-owned Oil and Natural Gas Corporation's (ONGC) March quarter net profit soared 19 times as the year-ago period had a one-time exceptional provision, while it posted a record earning for the full fiscal.The company's standalone net profit of Rs 9,869 crore in January-March - the fourth quarter of fiscal year 2023-24 - compared with a profit of Rs 528 crore in the same period of the previous financial year, according to a company statement.India's top oil and gas producer had made a provision of Rs 9,235 crore in the January-March 2023 quarter towards disputed taxes for the period from April 1, 2016, to March 31, 2022.
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Glenmark and BeiGene Enter into an Agreement for Marketing and Distribution of Tislelizumab and Zanubrutinib in India
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Glenmark and BeiGene Enter into an Agreement for Marketing and Distribution of Tislelizumab and Zanubrutinib in India

New Delhi, Ma y 21, 2024.Glenmark Specialty S.A. (Glenmark), a subsidiary of Glenmark Pharmaceuticals Ltd., a research-led, global pharmaceutical company, today announced an exclusive marketing and distribution agreement with BeiGene, a global oncology company. Under this agreement, Glenmark will register and commercialize BeiGene's oncology medicines, Tislelizumab and Zanubrutinib in India.Speaking on this partnership, Alok Malik, President and Business Head - India Formulations, Glenmark Pharmaceuticals Ltd. said, "We are excited about our partnership with BeiGene, signifying our commitment to advancing healthcare in India. The addition of Tislelizumab and Zanubrutinib to our oncology portfolio underscores our dedication to the cancer patients' community and our commitment to pro...
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2024 Bajaj Pulsar F250 launched at Rs 1.51 lakh — same price as Pulsar N250
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2024 Bajaj Pulsar F250 launched at Rs 1.51 lakh — same price as Pulsar N250

New Delhi, May 20, 2024.Bajaj Auto has been bringing new updates to their lineup and now they have launched the 2024 Bajaj Pulsar F250 in India. The updated bike has hit dealerships and is offered at an ex-showroom Delhi price of Rs 1,50,891, which is a small premium of Rs 851 over the previous generation Pulsar F250. Interestingly, even the price difference between the old and new Pulsar N250 was the same.Bajaj had hinted at the possibility of an update to the Pulsar F250 during the Pulsar NS400Z launch. The 2024 Pulsar F250 comes with quite a few  changes to its features and underpinnings. That said, it does not get the inverted fork which the Pulsar N250 has, which is disappointing.  One of the first changes that can be easily noticed is the addition of new graphics. The bla...
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Airbus, SIDBI to collaborate for financing helicopter purchase in India
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Airbus, SIDBI to collaborate for financing helicopter purchase in India

New Delhi, May 20, 2024.Airbus Helicopters and Small Industries Development Bank of India (SIDBI) have signed a memorandum of understanding (MoU) for financing the purchase of the company's helicopters in India.Under the MoU, Airbus Helicopters and SIDBI will identify potential civil helicopter operators in India who are interested in financing solutions for purchasing Airbus helicopters. Airbus will provide the technical and helicopter industry knowledge to SIDBI, which will evaluate these prospects and finance them exclusively for Airbus, a release said on Monday.
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Ecolink Launches a Range of Power Packed Fans, Promising Superior Performance and Energy Efficiency
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Ecolink Launches a Range of Power Packed Fans, Promising Superior Performance and Energy Efficiency

New Delhi, May 20, 2024.In line with the customer demands for the summer season, Signify, the global leader in lighting, announced the launch of its new revolutionary range of energy-efficient fans, today. The innovative product line combines advanced technology with superior performance, offering consumers a breath of fresh air in any space. Starting at a price range of INR 3000/- to INR 5500/-, the product line includes five new innovative models - AiroGeometry, AiroJewel, AiroZephyr, AiroSerenade and AiroSleek all designed to provide superior air delivery, efficient performance, and significant energy savings.  The uniquely designed product range operates on advanced technology ensuring high energy efficiency and low power consumption. Equipped with alum...
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Pluugin E-commerce expands operations, opens India office
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Pluugin E-commerce expands operations, opens India office

New Delhi, May 20, 2024.Pluugin E-commerce, having established a robust presence in global markets like Southeast Asia (SEA), SAARC and Middle East & North Africa (MENA), is expanding its operations to India. Pluugin is a borderless e-commerce enabler, facilitating brands in scaling up their businesses across international borders. Headquartered in Dubai, the United Arab Emirates (UAE), it has offices across SEA, SAARC countries, and MENA. Founded in 2022, the company has experienced a 100% year-on-year growth. This speaks to the ever-increasing need of e-commerce in brands’ business models and the effectiveness of Pluugin’s expertise in the field. The company boasts of a roster of prestigious clients from across sectors like FMCG, consumer electronics, small applianc...
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First Israeli auto firm sets up manufacturing unit in India
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First Israeli auto firm sets up manufacturing unit in India

New Delhi, May 20, 2024.EVR Motors, an Israel-based innovator specializing in high power-density electric motors, today announced the inauguration of its new greenfield plant in Manesar, Haryana, under its subsidiary, I.EVR Motors. This facility marks a significant milestone as the first manufacturing operation in India for an Israeli automotive firm and will play a pivotal role in the company's global production strategy.The Manesar plant will produce trapezoidal geometry coils, a patented key component of EVR's Trapezoidal Stator Radial Flux Permanent Magnet (RFPM) motor technology. These coils are essential for EVR's electric motors, known for being smaller, lighter, and more cost-effective while maintaining the flexibility to meet diverse customer needs.The highly-automated...
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Samsung Launches ‘Back to Campus’ Campaign for Students with Exciting Offers
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Samsung Launches ‘Back to Campus’ Campaign for Students with Exciting Offers

Gurugram May 20, 2024.Samsung, India's largest consumer electronics brand, today announced exciting offers on select Galaxy Book, Galaxy Tab and Galaxy smartphone devices as part of its ‘Back to Campus’ campaign.Launched with the tagline ‘Show Them How It’s Done’, the‘Back to Campus’ campaign offers an exclusive student discount of up to 10% through the Samsung Student+ program along with no-cost EMI for up to 24 months. The offer also includes a bank cashback of up to INR 12000 and up to INR 8000 as upgrade bonus on Samsung laptops,tablets and smartphones.“Today’s youngsters are confident go-getters who need technology that enables them not just to learn more but to do more and be more. With our new ‘Back to Campus’ campaign, we are committed to democratising the connected pow...
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Kotak Mahindra Bank Appoints Ms. Ketaki Bhagwati as an Independent Director on its Board
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Kotak Mahindra Bank Appoints Ms. Ketaki Bhagwati as an Independent Director on its Board

Mumbai, 19 May 2024.Kotak Mahindra Bank Limited ("Bank") today announced the appointment of Ms. Ketaki Bhagwati as an Independent Director on the Bank’s Board for a period of four years, effective May 18, 2024, subject to the approval of the members of the Bank.Announcing the appointment, Mr. C S Rajan, Independent Director and Part-time Chairman, Kotak Mahindra Bank, commented, “We are elated to welcome Ms. Ketaki Bhagwati to the Bank’s Board of Directors. Her extensive experience of over three decades in the banking and financial services industry will help the Bank achieve its growth objectives in the coming months and years. The Board looks forward to working together with Ms. Bhagwati and benefiting from her guidance in key business segments.”Ms. Bhagwati currently serves ...
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Realme to launch Buds Wireless 3 Neo along with GT 6T on May 22
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Realme to launch Buds Wireless 3 Neo along with GT 6T on May 22

New Delhi, May 17, 2024.Realme is set to release Buds Wireless 3 Neo on May 22 at Rs 1,299. The first sale will go live at 2:30 PM on realme.com, Amazon.in and Flipkart. The official release stated that the products will be launched in three colours, black, blue and green. Realme claims that this latest neckband envelopes several features. Let’s find out.Realme designed the latest wireless neckband to mostly target the youth. As per the claims, the device will offer an unparalleled audio experience with its sleek design and exceptional features. “These buds provide users with a seamless and continuous audio journey like never before,” stated the release.The Realme Buds Wireless 3 Neo will have a 13.4 mm Dynamic Bass driver and promising rich bass boost. Compared to the Buds Wir...
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TVS Apache RTR 160 Series gets Black Edition, priced from Rs 1.20 lakh
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TVS Apache RTR 160 Series gets Black Edition, priced from Rs 1.20 lakh

New Delhi, May 17, 2024.TVS Motor Company has launched the Black Edition for the Apache RTR 160 and Apache RTR 160 4V motorcycles. Bringing in an all black colour theme, the two motorcycles are priced from Rs 1.20 lakh (ex-showroom) for the Apache RTR 160 and Rs 1.25 lakh (ex-showroom) for the Apache RTR 160 4V.Both the Black Edition motorcycles feature a glossy black finish, with a black TVS Apache logo on the fuel tank. The black colour extends to the mudguards, body panels and the exhaust as well. Mechanically and in terms of the features, the two motorcycles are exactly the same as the standard variants.The TVS Apache RTR 160 2V uses the 160cc motor which puts out 15.82bhp in Sport mode, with the Rain and Urban modes keeping the motor output reduced. The Apache RTR 160 4V m...
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Ministry of Steel organizes National Workshop on “Forging Sustainability in the Steel Sector”
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Ministry of Steel organizes National Workshop on “Forging Sustainability in the Steel Sector”

New Delhi, May 17, 2024.The Ministry of Steel organized a National Workshop on "Forging Sustainability in the Steel Sector" at Vigyan Bhawan, New Delhi today. The workshop aimed at driving sustainable practices in the steel industry by engaging with stakeholders on the important issues of the steel sector by focusing on the sustainable practices, emerging technologies and tools to mitigate the challenges. The inaugural session was attended by Shri Nagendra Nath Sinha, Secretary Ministry of Steel, Ms. Leena Nandan, Secretary Ministry of Environment, Forest and Climate Change (MoEFCC), officials of Ministry of Steel & PSUs, experts & other stakeholders from Steel sector.Shri Nagendra Nath Sinha, Secretary Ministry of Steel addressed the inaugural session and said that this wo...
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Samsung Care+ Proposition Strengthened with Unrivaled Benefits at No Extra Cost
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Samsung Care+ Proposition Strengthened with Unrivaled Benefits at No Extra Cost

Gurugram,May 17, 2024.Samsung, India’s largest consumer electronics brand,today announced an upgrade in its Samsung Care+ programme, providing consumersadded benefits at no additional cost. Under the revamped Samsung Care+ programme, customers can now avail two claims in a year.The two claims in a year are applicable for both screen protection as well asaccidental and liquid damage protection plans.Samsung Care+, the only authorized programme for Galaxy devices, provides 100% coverage without any depreciation, with the added convenience of both walk-in as well as pick-up and drop facility for claim registration.Samsung Care+ offers customersaccess to expert technicians who exclusively use Samsung genuine parts, certifying optimal device performance and longevity.Samsung Care+ c...
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Zydus Reports 97% Growth in Net Profit in FY24
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Zydus Reports 97% Growth in Net Profit in FY24

Ahmedabad,, May 17, 2024.Financial Highlights of full year FY24•  Revenue from operations was Rs. 195,474 mn, up 13% over last year.•  Net Profit was Rs. 38,595 mn, up 97% YoY.•  EBITDA was Rs. 53,843 mn, up 40% YoY. EBITDA margin stood at 27.5%, an improvement of 510 bps over the previous year.•  Research & Development (R&D) investments stood at Rs. 13,096 mn (6.7% of revenues).•  Capex (organic) for the year was Rs. 8,628 mn.Financial Highlights of Q4FY24•  Revenue from operations was Rs. 55,338 mn, up 10% over last year.•  Net Profit for the quarter was Rs. 11,823 mn, up 299% YoY.•  EBITDA for the quarter was Rs. 16,305 mn, up 30% YoY. EBITDA margin for the quarter stood at 29.5%, an improvement of 4...
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SBI raises short-term retail fixed deposit rates by up to 75 bps
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SBI raises short-term retail fixed deposit rates by up to 75 bps

New Delhi, May 16, 2024.The country’s largest lender, State of India (SBI), has increased interest rates on short-term retail fixed deposits (FDs) by 25 to 75 basis points (bps) – a move which is likely to be followed by other banks.This is the first increase in the fixed deposit rates by the bank since December 2023.A fixed deposit is an investment instrument where an amount is deposited with banks for a set period and at a fixed rate of interest. Rates on FDs are important for people, especially senior citizens, who are looking for safe investment options.For retail domestic term deposits (below Rs 2 crore) maturing between 46 to 179 days, the bank has revised upwards the interest rate by 75 bps to 5.5 per cent from 4.75 per cent. Senior citizens will now get an interest ...
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V-Guard Q4 results: V-Guard Industries PAT grows 44.5 pc to Rs 76 crore in March qtr
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V-Guard Q4 results: V-Guard Industries PAT grows 44.5 pc to Rs 76 crore in March qtr

New Delhi, May 16, 2024.Consumer electricals and home appliances maker V-Guard Industries Ltd on Thursday reported a 44.5 per cent increase in consolidated profit after tax at Rs 76.17 crore in the fourth quarter ended March 2024.Kochi, Kerala-based V-Guard's consolidated net profit rose to Rs 76.17 crore ($9.1 million) for the quarter ended March 31 from Rs 52.72 crore a year earlier.Cable and wire manufacturers have seen an uptick in demand, driven by growth in real estate and infrastructure sectors, with additional support from government spending aimed at boosting the economy.V-Guard's revenue rose by 17.9% to Rs 1,343 crore, driven primarily by the company's core electrical segment, which rose 10.7%.The segment accounted for about 43.3% of total revenue during the ...
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Vodafone Idea loss widens to Rs 7,675 cr in Q4
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Vodafone Idea loss widens to Rs 7,675 cr in Q4

New Delhi, May 16, 2024. Telecom operator Vodafone Idea on Thursday reported widening of losses to Rs 7,675 crore in the March quarter amid a rise in interest and financing cost, while its overall subscriber base shrunk.The company claimed that it reported its highest post-merger quarterly EBITDA of Rs 2,180 crore, which grew by 5.4% on a YoY basis.Its 4G subscriber base increased to 12.63 crore versus 12.26 crore in Q4FY23.Annual revenue grew to Rs 42,650 crore in FY24 versus Rs 42,180 crore in FY23, recording an annual growth of 1.1%. Annual EBITDA (pre IndAS116) of Rs 8,400 crore was reported, up from Rs 8,300 crore in FY23. EBITDA margin (pre IndAS116) stood at 19.7%Commenting on the earnings, CEO Akshaya Moondra said the company's annual revenue and EBITDA registered growt...
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Reliance Jio submits highest EMD of Rs 3,000 cr for spectrum auction
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Reliance Jio submits highest EMD of Rs 3,000 cr for spectrum auction

New Delhi, May 16, 2024.Reliance Jio has deposited the highest earnest money of Rs 3,000 crore for the upcoming spectrum auction, which gives the company the potential to bid for maximum radiowaves, according to details published by the Department of Telecom on Thursday.According to pre-qualified bidder details released by the DoT, Bharti Airtel has submitted the earnest money deposit (EMD) of Rs 1,050 crore and Vodafone Idea (VIL) of Rs 300 crore.Companies get points based on the EMD amount they have deposited, which enables them to bid for the number of circles and quantity of spectrum they want. Higher points mean a higher capability to place bids.
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