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SBI Q4 profit grows 18% to Rs 21,384 crore

9May

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SBI Q4 profit grows 18% to Rs 21,384 crore

New Delhi, May 09, 2024.The country’s largest lender SBI on Thursday reported 18.18 per cent growth in March quarter consolidated net profit to Rs 21,384.15 crore as against Rs 18,093.84 crore in the year-ago period.On a standalone basis, profit grew to Rs 20,698.35 crore from Rs 16,694.51 crore a year ago, the lender said in a regulatory filing. Consolidated net profit in fiscal year 2023-24 was up 20.55 per cent to Rs 67,084.67 crore as against Rs 55,648.17 crore in FY23.In Q4 FY24, total income rose to Rs 1.28 lakh crore from Rs 1.06 lakh crore in the year-ago period, while operating expenses grew at a relatively slower rate at Rs 30,276 crore from the year-ago period’s Rs 29,732 crore.

Tata Motors enhances its electric last-mile mobility offering; launches the all-new Tata Ace EV 1000

9May

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Automobile News, Business News

Tata Motors enhances its electric last-mile mobility offering; launches the all-new Tata Ace EV 1000

Mumbai, 9thMay, 2024.Tata Motors, India’s largest commercial vehicle manufacturer, today strengthened its e-cargo mobility solutions with the launch of the all-new Ace EV 1000. Developed to revolutionise last-mile mobility, this zero-emission mini-truck offers higher rated payload of 1 tonne and a certified range of 161km on a single charge. The Ace EV is developed with rich inputs from its customers and the new variant will address evolving needs from various sectors like FMCG, beverages, paints & lubricants, LPG & dairy.Supported by over 150 Electric Vehicle Support Centres across the country, the Ace EV is equipped with an advanced battery management system, Fleet Edge telematics system and robust aggregates for best-in-class uptime. The Ace EV leverages the immense capa...

Ageas Federal Life Insurance brings Sachin Tendulkar’s debut to life in new Cradle to Crease campaign

8May

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Business News, Feature, Health News

Ageas Federal Life Insurance brings Sachin Tendulkar’s debut to life in new Cradle to Crease campaign

Mumbai, May 2024.Ageas Federal Life Insurance, one of India's leading private life insurers, proudly introduces its latest brand campaign film, "Cradle to Crease," an initiative that drives home the message that while the future might be exciting, evolving and uncertain, by focusing on financial planning and investing in life insurance, one can face the future with optimism, hope and confidence.In today's rapidly evolving landscape, a child’s future isn't as distant as it once seemed. Recognizing this, the campaign sheds light on the significance of early financial planning for parents through the lens of Sachin Tendulkar’s debut.Speaking about the brand film, Erum Kidwai, Sr. Vice President & Head- Marketing at Ageas Federal Life Insurance, remarked, "" With "Cradle to Cre...

8May

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Business News, Fashion & Lifestyle, Feature

Myntra unveils its latest brand campaign ‘Trend IRL’ with Kiara Advani, spotlighting real-life trendsetters

New Delhi, May , 2024.Bengaluru, May 6, 2024: Myntra, one of the leading fashion, beauty and lifestyle e-commerce destinations, has announced the launch of its new brand campaign, ‘Trend IRL (In Real life)’, featuring Indian actress Kiara Advani. The campaign celebrates the real-life trendsetters, who with their trending fashion from Myntra inspires others around them to be more fashionable, enabling them to ‘Trend in Real Life’, and solidifies the brand's position as the ultimate destination for the latest trends. As part of the campaign, Kiara features in two films, showcasing the wide range of trends across women’s ethnic and western wear available on the platform.Over the years, Myntra has strengthened the platform to offer trends to the fashion-forward consume...

Voltas shares drop 5 pc after Q4 earnings

8May

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Business News

Voltas shares drop 5 pc after Q4 earnings

New Delhi, May 08, 2024.Shares of air conditioning and engineering services provider Voltas Ltd on Wednesday ended 5 per cent lower after the company reported a 22.75 per cent decline in consolidated net profit for the fourth quarter ended March 31, 2024.The stock plunged 9.13 per cent to Rs 1,261.65 during the day on the BSE. Later, it ended at Rs 1,319.10, a decline of 4.99 per cent.At the NSE, it dropped 9.15 per cent to Rs 1,262 apiece during the day. The stock ended at Rs 1,323.15, lower by 4.75 per cent.

WinZO to export impact-driven & Indian culture-based gaming tech

8May

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Business News, Feature

WinZO to export impact-driven & Indian culture-based gaming tech

Mumbai, May 08, 2024.WinZO, India's largest vernacular interactive entertainment platform, unveils the second season of its flagship initiative, the Bharat Tech Triumph Program (BTTP). This program, dedicated to exporting Made in India technology, champions homegrown startups by providing vital growth resources such as global exposure, cross-country networks, mentorship, and access to Foreign Direct Investment (FDI). Following the success of its inaugural edition, BTTP Season 2 is set to elevate India's interactive entertainment industry onto the global stage.BTTP Season 2 invites game developers, studios, and startups, with a special emphasis on impact-driven gaming companies in domains such as Climate Change, Health & Wellness, Education & Training, and Indian culture-dri...

Yamaha Unveils Vibrant Colours in FZ-S Fi Version 4.0 DLX

8May

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Automobile News, Business News, Feature

Yamaha Unveils Vibrant Colours in FZ-S Fi Version 4.0 DLX

Bengaluru, 08th May, 2024.India Yamaha Motor (IYM) Pvt. Ltd., in alignment with ‘The Call of the Blue’ brand campaign, today introduced exciting new colour shades in its popular streetfighter model, FZS-S Fi Version 4.0 DLX for the young riders of today. IYM has launched the stunning new Ice Fluo-Vermillion and intriguing Cyber Green colour shades in the model at an attractive price of INR 1,29,700/- (Ex-Showroom, New Delhi). These two vibrant colour shades are meticulously crafted to resonate with the evolved taste of customers,especially the youth.With the inclusion of these dynamic colour shades in the FZS-S Fi Version 4.0 DLX, India Yamaha Motor reiterates its commitment to remain relevant and appealing to the ever-changing demands of its youthful customer base in India. After ...

This Mother’s Day Explore Unique and Thoughtful Jewellery Gifts with Kushal’s Fashion Jewellery

8May

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Business News, Fashion & Lifestyle, Feature

This Mother’s Day Explore Unique and Thoughtful Jewellery Gifts with Kushal’s Fashion Jewellery

Bangalore, May 2024. Kushal’s, India’s leading fashion jewellery brand, unveils it’s Mother’s Day Collection celebrating the timeless bond between mothers and daughters. The lineup offers a stunning array of curated jewellery pieces designed to captivate hearts embodying the essence of style and elegance.With meticulous attention to detail, Kushal’s Mother’s Day Collection is carefully curated, featuring an exquisite range of designs including necklaces, earrings, kadas, and bracelets, all crafted with precision and care. Whether it's the delicate allure of antique pearl drop earrings, emitting an understated charm, or the dazzling elegance of an encrusted necklace, from enduring pendants to streamlined bracelets; these jewelry pieces are poised to become treasured ad...

Truecaller announces updated subscription packages for its Verified Business Caller ID solution

8May

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Business News, Feature, National News

Truecaller announces updated subscription packages for its Verified Business Caller ID solution

New Delhi, May 08, 2024.Truecaller, the leading platform for verifying contacts and blocking unwanted communication, trusted by millions worldwide, has launched its updated subscription plans for the Verified Business Caller ID solution. Starting 6th May 2024 the revised subscription packages and pricing will apply to all new and current business customers upon their upcoming renewals or upgrades. Truecaller Verified Business Caller ID solution updated subscription packages, Growth, and Enterprise plans are tailored to empower early/mid-stage companies as well as large enterprises The Growth Plan is best suited to early/mid-size companies looking to scale their business and establish a strong market to build trust and enhance brand visibility through i...

Infosys to Accelerate Yunex Traffic’s ERP Transformation

8May

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Business News, Feature, National News

Infosys to Accelerate Yunex Traffic’s ERP Transformation

Bengluru, May 08, 2024. Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with Yunex Traffic, a global leader in intelligent traffic solutions, to help accelerate their SAP S/4HANA-led digital transformation journey across 16 countries, including the United States, United Kingdom, and Germany. This strategic collaboration will help advance the 'Yunex OneERP' program, which aims to drive harmonization across diverse business units. In addition, Infosys will help Yunex Traffic consolidate disparate business processes and IT systems in the Enterprise Resource Planning (ERP) space into a cloud-based unified system powered by Infosys Cobalt, a set of services, solutions and platforms for enterp...

India becomes first country to get over $100 billion in remittances

8May

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Business News, Feature, National News

India becomes first country to get over $100 billion in remittances

New Delhi, May 08, 2024.India has become the first country to receive over $100 billion in remittances in 2022, according to the United Nations migration agency.The International Organisation for Migration (IOM) revealed in its World Migration Report 2024 that India’s remittances surged to $111 billion last year, surpassing all other nations."India was well above the rest, receiving more than USD 111 billion, the first country to reach and even surpass the USD 100 billion mark. Mexico was the second-largest remittance recipient in 2022, a position it also held in 2021 after overtaking China, which historically had been the second-biggest recipient after India,” said the report.The report highlighted that India, Mexico, China, the Philippines, and France were the top five re...

Tata Motors celebrates 9,00,000th vehicle rollout from its Lucknow facility

7May

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Automobile News, Business News, Feature

Tata Motors celebrates 9,00,000th vehicle rollout from its Lucknow facility

Lucknow, 07 May, 2024.Tata Motors, India’s largest commercial vehicle manufacturer, announced a significant milestone of its 9,00,000th vehicle rollout from its state-of-the-art Lucknow facility. The celebration included a flag-off ceremony in the presence of Mr. Durga Shanker Mishra, Chief Secretary, Government of Uttar Pradesh, and senior delegates from Tata Motors, at the facility.Spread across 600 acres, the Lucknow facility stands as a testament to Tata Motors' commitment to sustainable manufacturing practices, with it being recognized as a water-positive plant by the Confederation of Indian Industry (CII). The facility houses a 6MW solar power plant, significantly reducing its carbon footprint. The facility augments ultra-modern vehicle manufacturing stations such as robotic ...

Amazon Great Summer Sale – Your Ultimate Guide to Summer Fun

7May

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Business News, Feature, National News

Amazon Great Summer Sale – Your Ultimate Guide to Summer Fun

New Delhi, May 07, 2024.#FunInTheSunWithAmazon with the Great Summer Sale to celebrate the brightness of the sun bringing togetherness and endless fun. The time to plan your next summer soiree is now! Here are five must-try ideas to ensure your gatherings are filled with fun and enjoyment. Before you read on, don’t forget to check out the great deals and offers available at Amazon Great Summer Sale to plan your perfect Summer Soiree with your loved ones.Backyard Movie Night Extravaganza: Have a movie night under the stars in your backyard and turn it into a magical movie theatre by making a comfortable sitting area by arranging outdoor rugs, pillows, and blankets. You can also invest in a high-quality screen and projector to display your greatest hits or timeless classics....

Star Health Insurance Wins ‘Best Risk Transformation of the Year 2024’ Award

7May

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Business News, Feature, National News

Star Health Insurance Wins ‘Best Risk Transformation of the Year 2024’ Award

Mumbai, May 07, 2024.Star Health and Allied Insurance Company Ltd (Star Health Insurance), India's largest retail health insurance company, has won the 'Best Risk Transformation of the Year' award at the BFSI Innovation Confex & Awards 2024 held in Mumbai. This accolade stands as a testament to the commitment at Star Health Insurance towards excellence in the field of risk management. It is an acknowledgment of the efforts and innovative initiatives, which has fostered a resilient risk management culture at the Company. With a focus on innovation and customer-centricity, Star Health Insurance strives to set industry benchmarks and drive positive change in the health insurance ecosystem. It is committed to facilitating organizational expansion, responsibly and sustainably. This...

Toyota Kirloskar Motor Introduces Innova Crysta GX+ as a New Standard Grade

7May

By editor3No Comments

Automobile News, Business News

Toyota Kirloskar Motor Introduces Innova Crysta GX+ as a New Standard Grade

Bangalore, May 2024.Toyota Kirloskar Motor (TKM) today announced the introduction of new grade, GX+, in the Innova Crysta lineup. Inspired by the company's focus on customer centricity, the new grade boasts of enhanced features thus reflecting TKM's commitment to delivering excellencetailored to thecustomer preferences. Reinvigorating the Innova Crysta line-up, the newly introduced Innova CrystaGX+ gradeis loaded with 14 additional features, harmoniously blending functional and aesthetic enhancements, elevating the overall driving experience.Key highlights of Innova Crysta GX+ include functional features such as rear camera, auto-fold mirrors, DVR, as well as aesthetic enhancements like diamond-cut alloys, wooden panels, and premium fabric seats. Offered in 7- and 8-seater opt...

Turkish Airlines’ Annual Bowling Tournament Semi-Finals Took Place in India

7May

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Business News, Feature

Turkish Airlines’ Annual Bowling Tournament Semi-Finals Took Place in India

New Delhi, May, 2024.Turkish Airlines, one of the leading airlines in the world, is holding its Annual Bowling Tournament, the semi-finals of which have taken place at Turkish Airlines’ international hubs all around the world, including 2 cities in India, fostering relationships with its local business partners, and bringing together bowling enthusiasts. The New Delhi semi-final was held on April 19th, 2024, at Smaaash, Aria Mall Gurugram, where 30 participants competed from 10agency-preferred partners.Travel Boutique Onlinewon the tournament with 817 scores, earning the chance to compete in the Grand Finale in Istanbulon April 26-28,2024.The Mumbaisemi-finalwas held on March 2nd, 2024, at Smaaash Utopia City, and witnessed a spirited competition. KULIN KUMAR HOLIDAYS secured victo...

6May

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Business News, Feature

Esri India Achieves 1 Million Users Milestone

New Delhi, May 06, 2024.Esri India, the leading provider of Geographic Information System (GIS) software and solutions in India,today announced that it has reached the 1 million users mark.The achievement is a testament to the trust and loyalty of its widecustomer base spread across diverse industries around the country.With encouragement from the Geospatial Data Guidelines 2021, Esri India,as an Indian entitynow offers more than 900 layers of geospatial data through the Indian edition of ArcGIS Living Atlas. These data layers are available through Indo ArcGIS to all itsusers. Indo ArcGIS also provides 200+ solutionproducts for solving various India-centric challenges. Increased usage of these products in the country hasled to the culmination of the 1 million user base.Agendra ...

India’s largest B2B event for inbound tourism ‘GITB 2024’ inaugurated in Jaipur; India as a wedding destination in focus

6May

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Business News, Feature

India’s largest B2B event for inbound tourism ‘GITB 2024’ inaugurated in Jaipur; India as a wedding destination in focus

Jaipur, 6th May, 2024.The 13th edition of India’s largest B2B inbound tourism event ‘The Great Indian Travel Bazaar’ (GITB) was inaugurated here at Jai Mahal Palace.Delivering her key note address at the inaugural,Ms. Manisha Saxena, IAS, Director General, Ministry of Tourism, Government of India said that the GITB is bound to grow from strength to strength, as so much serious business is happening through GITB and people are actually sharing the various aspects that the country offers. Underlining that India is 365-days destination, Ms. Saxena said, “India is not just a six-month destination from October to March. It is actually a 365-day destination. We have just launch an initiative called ‘Coolcation’ to dispel the myth that summers are hot in India. There are some coo...

4May

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Business News, Feature, National News

Kotak Mahindra Bank Announces Results

Mumbai, 4thMay, 2024.The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the auditedstandaloneandconsolidatedresultsforthequarterandfinancialyearendedMarch31,2024,atthe Board meeting held in Mumbai, today.KotakMahindraBankstandaloneresultsThe Bank’s PAT for FY24 increased to ₹ 13,782 crore from ₹ 10,939 crore in FY23, up 26% YoY. PAT for Q4FY24stoodat₹4,133crore,up18%YoYfrom₹3,496croreinQ4FY23(up38%QoQfrom₹3,005crore in Q3FY24).Net InterestIncome(NII)forFY24increasedto₹25,993crore,from₹21,552croreinFY23,up21%YoYand for Q4FY24 increasedto ₹6,909 crore, from ₹ 6,103 crore inQ4FY23, up 13%YoY (up 5% QoQfrom ₹ 6,554 crore in Q3FY24). Net Interest Margin (NIM) was 5.28% for Q4FY24.Fees and services for FY24 increased to ₹ 8,464 crore from ₹ 6,790 crore in FY2...

HDFC Life Announces the ‘No Jhanjhat Life Insurance Fatafat’ Campaign

3May

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Business News, Feature, National News

HDFC Life Announces the ‘No Jhanjhat Life Insurance Fatafat’ Campaign

Jaipur, May 03, 2024.HDFC Life, a leading insurer in India, has unveiled its latest campaign ‘No Jhanjhat Life Insurance Fatafat’. This campaign promises a seamless and swift life insurance purchasing experience, tailored for today's fast-paced world. As the campaign's protagonist navigates life's challenges, each scene serves as an endearing analogy to the simplicity of purchasing insurance through HDFC Life's online channel. Picture this: a series of seven short videos, with light-hearted yet informative narratives, designed to tickle your funny bone while showcasing the ease and swiftness of purchasing life insurance online on www.hdfclife.com. Bid farewell to cumbersome paperwork and lengthy waiting period - HDFC Life offers a range of benefits at your finger...

Tata Projects restores its profitability

3May

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Business News, Feature, National News

Tata Projects restores its profitability

New Delhi, May 03, 2024.Tata Projects, one of the leading Indian Sustainable Technology-led Engineering, Procurement, and Construction (EPC) company and part of the world-renowned Tata Group, announced its financial results for the fiscal year. Mr. Vinayak Pai, MD & CEO at Tata Projects, elaborating on the FY24 performance, said "Our strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results. I feel proud to announce that we have returned to profitability, and we are moving forward on our path to deliver predictable & sustainable projects through innovation & technology". Adding further, Mr. Pai said, “I am pleased to say that Tata Projects continues to show industry leadershi...

Vummidi Bangaru Jewellers celebrates “Auspicious Akshaya Tritiya”

3May

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Business News, Fashion & Lifestyle, Feature

Vummidi Bangaru Jewellers celebrates “Auspicious Akshaya Tritiya”

Mumbai, May 03rd, 2024.Vummidi Bangaru Jewellers, South India’s trusted heirloom jewellery brand with a 124-year-old legacy will be launching an exclusive campaign for Akshaya Tritiya which falls on 10th May 2024. The campaign‘Auspicious Akshaya Tritiya’ will date from 4th to 12th May and will exhibit a wide range of gold, silver, diamond, and platinum collection. Akshaya Tritiya is an auspicious day observed by the Hindu community, referred to as Akha Teej. Akshaya refers to eternal - on this day people buy gold, silver, and other expensive metals. According to Hindu mythology, buying precious metals will bring good luck and prosperity.True to its rich legacy, Vummidi Bangaru Jewellers has showcased an exclusive collection on this occasion. As for the offers, customers purchas...

MARRIOTT INTERNATIONAL ANNOUNCES ITS 150TH HOTEL IN INDIA WITH THE OPENING OF KATRA MARRIOTT RESORT & SPA

3May

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Business News, Feature

MARRIOTT INTERNATIONAL ANNOUNCES ITS 150TH HOTEL IN INDIA WITH THE OPENING OF KATRA MARRIOTT RESORT & SPA

New Delhi, May 03, 2024.Marriott Hotels, the namesake brand of Marriott Bonvoy’s extraordinary portfolio of over 30 hotel brands, today announced the opening of Katra Marriott Resort & Spa in the serene landscapes of Katra, Jammu & Kashmir. The brand’s debut in the spiritually significant destination, marks a milestone as the 150th Marriott International hotel to open in the country. Nestled amidst the serene landscapes of the Trikuta hills, popularly known as the Vaishno Devi Hills, this purely vegetarian resort offers a captivating blend of heartfelt service and spirituality. Here, guests are invited to partake in leisurely nature walks, all while immersing themselves in the vibrant culture and culinary delights of Katra.Katra, a spiritual region known for ...