Business News

29Jan By editor3No Comments

Automobile News, Business News

Jammu Smart City drives towards a greener tomorrow with Tata Motors electric buses

Jammu, January 2024. Tata Motors, India’s largest commercial vehicle manufacturer, announced that it has delivered state-of-the-art Ultra EV air-conditioned electric buses to Jammu Smart City Limited through TML Smart City Mobility Solutions (J&K) Pvt Ltd, a Tata Motors Group company. The initiative led by the Housing and Urban Development Department of the Government of Jammu & Kashmir, is aimed at establishing an environmentally sustainable public transportation system in Jammu. These emission-free Tata Motors electric buses are manufactured in India using cutting-edge technology, feature advanced amenities and are powered by state-of-the-art electric power systems. Its design focusses on safety, comfort and convenience, offering Jammu residents reliable and zero-emission int...

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29Jan By editor3No Comments

Business News, Feature, National News

State Bank of India (SBI) Removes Religare Finvest Limited’s (RFL) ‘Fraud’ Tag

New Delhi, January 2024.  In a significant development, the State Bank of India (SBI), one of the lenders of Religare Finvest Limited (RFL), has removed RFL’s record, reported by it as fraud, from the Central Fraud Registry database. This decision follows an Order dated December 18, 2023 from the Honourable Delhi High Court directing SBI to remove the fraud tag.SBI informed RFL today through a formal communication. In March 2023, RFL, a wholly owned subsidiary of Religare Enterprises Limited (REL), achieved a key milestone when it completed a One-Time Settlement (OTS) with 16lenders through organic collections. The Company paid more than Rs 9000 crores to the country's banking system. Currently, RFL is awaiting the lifting of the Corrective Action Plan (CAP) imposed on RFL by th...

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29Jan By editor3No Comments

Business News, Feature, National News

Tech Mahindra Q3’24Revenue at Rs 13,101 crores; up 1.8% QoQ

Mumbai – January, 2024. Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarter ended December 31st, 2023. Financial highlights for the quarter (USD)Revenue at USD 1,573 mn; up 1.1% QoQ, down 5.7% YoY Revenue up by 1.1% QoQ, declined by 5.4% YoY in constant currency terms EBITDA at USD 138 mn; up 6.4% QoQ, down 47.1% YoY; Margin at 8.8%, up 40 bps QoQ Profit after tax (PAT) at USD 61 mn; up 3.0 % QoQ, down 61.0 % YoY Free cash flow at $ 228 mnFinancial highlights for the quarter (₹)Revenue at ₹ 13,101 crores; up 1.8% QoQ, down 4.6% YoY EBITDA at ₹ 1,146 crores; up 6.9% QoQ, down 46.5% YoY Consolidated PAT at ₹ 510 crores; up 3.4% QoQ, down 60.6% YoY Earn...

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27Jan By editor3No Comments

Business News, Feature, Rajasthan News

Tata Hitachi Launches EX 200LC and EX 210LC Prime – Crafting the Future of Excavation

Bhilwara/ Udaipur,27 January, 2024. Crafting the Future of Excavation: Building on a legacy of reliability and performance, the new advanced Prime series 20Tonne line-up inherits a strong lineage from its predecessors. With a history of proven durability and efficiency, these upgraded machinescontinue to uphold Tata Hitachi's commitment to delivering high-quality construction equipment. The legacy of the EX 200LC and EX 210LC lays the foundation for the Prime's reputation as a Dependable and Innovative Solution for diverse construction needs. The launchfor EX 210LC took placeat head office of Vantage Construction Equipments (Authorised Dealer Partner),Bhilwara and for EX 200LC Prime the launch happenedat ShouryaGarh Resort & Spain presence of esteemed customers, seniormanagement ...

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25Jan By editor3No Comments

Business News, Feature, Rajasthan News

SBI Securities Expands Its Footprint with New Branch Opening in Bikaner, Rajasthan

Bikaner, January 2024. SBI Securities inaugurated its new Bikaner Branch at 1st Floor, A2 Kanta Kathuria Colony, Main Road, Near JNV Gurudwara, on 24th Jan 2024, and the event was presided over by Shri. Deepak Kumar Lalla – MD & CEO SBI Securities, Shri. Vijay Kumar - DGM Bikaner, and other officials. This momentous occasion marks a significant step in SBI Securities' commitment to bringing investment services to the heart of Bikaner. The new branch aims to cater to the diverse financial needs of the local community by offering a wide range of investment products and services under one platform. "We are excited to establish our presence in Bikaner, a city known for its rich history and vibrant economic potential," said Mr Deepak Kumar Lalla, MD & CEO at SBI Securities. "We...

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25Jan By editor3No Comments

Business News, Entertainment News

Radio City Hits the Airwaves with a Roaring Beat: Reports 13% YoY Growth in Revenue and 25% YoY Growth in EBITDA for 9MFY24

News Delhi, January 25, 2024. Commenting on the results Mr. Shailesh Gupta, Director said, "I am pleased to share that our revenues experienced an 11% growth in the Q3FY24 with EBITDA margins at 25.3%. Our focus continues towards the digital business which has a significant growth moving forward.  At Radio City, we've executed a range of strategies to expand our positioning in the radio industry. According to Aircheck 15 Markets, in the third quarter, we successfully retained our market share at 19%. Additionally, our comprehensive omni-channel framework allows us to maximize the extensive reach of our networks, ensuring the delivery of optimal value to our clients.  About the growth in the advertising sector, the real estate industry experienced a notable...

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24Jan By editor3No Comments

Automobile News, Business News, Feature, National News

Tata Motors opens bookings for India’s 1st AMT CNG Cars To launch the Tiago and Tigor iCNG AMT

Mumbai, January 24, 2024. Tata Motors, India’s leading automotive manufacturer, has revolutionized the CNG segment in the country by introducing AMT in its CNG cars—a first in the industry. The company today opened bookings for Tiago and Tigor iCNG AMT. By incorporating Twin Cylinder CNG technology to free up the much-needed boot space in CNG cars, Tata Motors is pioneering a new trend with the introduction of automatic transmission in CNG vehicles. This is a great offering for consumers as these cars will offer superior economy of CNG, convenience of automatic, safety assurance of being built on proven architecture and top of line comfort and convenience features. Customers can now book the preferred car of their choice by vising the irnearest Tata Motors authorized dealership or on...

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24Jan By editor3No Comments

Business News, Feature, Rajasthan News

Rajasthan’s Investment Landscape Expands: SBI Securities Reaches Ajmer

Ajmer, January, 2024. SBI Securities proudly announced the opening of its new branch in Ajmer on 23rd Jan 2024.The brand has 93 broking service branches in India, of which 6 are in Rajasthan. In the future, the aim is to add more branches in this state. This momentous occasion signifies SBI Securities' unwavering commitment to bringing equity broking services and cutting-edge technology to the heart of these thriving cities. The new branch will cater to the diverse financial needs of the local communities, offering a comprehensive suite of investment products and trading-related services. The new office in Ajmer is located in Vaishali Nagar, Main Road. The inauguration event was marked in the presence of Mr. Ashok Divakar - RM, Ajmer South and Ms. Pullavi - RBO Ajmer North. Mr. Deepa...

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24Jan By editor3No Comments

Business News, Feature, Rajasthan News, Sports News

PUNO ADVANCE – India’s 1st – Immersive Experience Entertainment Center, Now in Jaipur!!

Jaipur, 24 January 2024. Puno, having a legacy in the indoor entertainment segment has created a niche for themselves in the indoor entertainment industry. Being Headquartered in Jaipur, PUNO has earned recognition & accolades after launching their Pilot Project PUNO – India’s 1st Indoor Adventure & Trampoline Park at Jaipur following with their mission to register the PAN India presence with launching of centers in Raipur & Pune. With a vision to provide best of the entertainment options to the fellow citizens of India, they came up with India's first Immersive Experience Entertainment Center at Pune in the name and style of “Puno Advance” in June 2023; after the successful launch of PUNO Advance, they are all geared up now to launch “North India's 1st Immersive Experien...

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23Jan By editor3No Comments

Automobile News, Business News, Feature, National News

Tata Motors Fleet Edge Digitally Connects 5 lakh Commercial Vehicles

Mumbai, 23th January, 2024. Tata Motors, India's largest commercial vehicle manufacturer, today announced connecting 5 lakh commercial vehicles with Fleet Edge, its dedicated connected vehicle platform. Designed specially for efficient fleet management, Fleet Edge uses smart technologies to increase vehicle uptime and improve road safety. The platform shares action-able insights in real time on vehicle status, health,locationand driver behaviour of every vehicle connected to it. This enables owners and fleet managers to take better decisions for enhancing operational efficiency, lowering logistics costs and improving profits. Speaking about reaching this first-of-its-kind milestone, Mr. Bharat Bhushan, Head – Digital Business, Tata Motors commercial vehicles, states, “Tata Motors is ...

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23Jan By editor3No Comments

Business News, Feature

Samsung BKC Lifestyle Experience Store Opens Doorsat Jio World Plaza, Mumbai

Mumbai January 23,2024. Samsung, India’s largest consumer electronics company,today inaugurated its first Online-to-Offline (O2O) lifestylestore in India at Jio World Plaza mall, the recently inaugurated ultra-luxury precinct for retail, leisure and dining in Mumbai,strengthening its commitment to India. Samsung BKC, spread across 8,000 sq ft, in Jio World Plaza, is located strategically in Mumbai’s central business hub of Bandra Kurla Complex and will showcase Samsung’s top-of-the-line premium products through unique curated experiences and real-life scenarios. This new store showcases Samsung’s widest premium portfolio ranging from smartphones to televisions, refrigerators, washing machines and other products, leveraging the power of Samsung’s AI ecosystem. Catering to premium c...

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23Jan By editor3No Comments

Business News, Feature, National News

Cleartrip and Flipkart Travel Bet Big on Spiritual Tourism; Launch ‘Darshan Destinations

Jaipur, 23 January 2024. Amid the flourishing rise of spiritual tourism in India, Cleartrip, a Flipkart company, announces the launch of ‘Darshan Destinations’. With the unprecedented travel boom ahead of the temple opening at Ayodhya and the flurry of dignitaries & celebrities heading to the temple town, Cleartrip is doing its bit to help devotees seek Lord’s blessings by offering 1008 complimentary flight tickets to senior citizens to visit Ayodhya. This offer will also be available on the Flipkart Travel platforms. As an ongoing initiative under “Darshan Destinations”, Cleartrip and Flipkart Travel are also launching special fares on flights*, hotels & buses to various religious destinations. Travelers can avail of a 20% discount on bus, hotel, and flight bookings to some ...

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23Jan By editor3No Comments

Automobile News, Business News, Feature, National News

HERO MOTOCORP UNVEILS EXCITING FUTURE ROADMAP AT HERO WORLD 2024

Jaipur, January 23, 2024. “The year 2024 is indeed very special as we celebrate the 40th anniversary of Hero. Today we stand as a beacon of Indian ingenuity and enterprise, contributing significantly to the resurgence of our nation's manufacturing capabilities, engineering, innovation and technology prowess.  The year 2024 also holds special significance as we celebrate and commemorate the centennial year of our Founder & Chairman Emeritus, my beloved father and our Hero Forever, Dr. Brijmohan Lall Munjal. His towering personality remains unparalleled, continuing to inspire me and all of us through his enduring legacy and steadfast value system. The global footprint of Hero MotoCorp today extends to nearly 50 countries across multiple continents, where Hero is not just a br...

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22Jan By editor3No Comments

Business News, Feature

Galaxy S24 Series Gets Off to a Great Start in India, Secures Record 250,000 Pre-bookings in Three Days

Gurugram,  January 22, 2024. Samsung, India’s largest electronics company, today announced that its recently-launched flagship Galaxy S24 series has secured record pre-bookings, making it the most successful S series ever. More than 250,000 customers in India have ordered a Galaxy S24 smartphone since pre-bookings opened in the country three days ago on January 18. For comparison, Samsung had secured 250,000 pre-bookings for its Galaxy S23 series over a three-week period in India. "Galaxy S24 series, powered by Galaxy AI, ushers in a new era of mobile revolution and puts the power of AI in the hands of consumers to open up new possibilities. With Galaxy S24, consumers can transcend the barriers of communication and maximize their productivity and creativity to empower their ever...

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21Jan By editor3No Comments

Business News, Feature, National News

Kotak Mahindra Bank Announces Results- Q3 FY2023-24

Mumbai, January, 2024. The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the unaudited standalone and consolidated results for the quarter and nine monthsended December 31, 2023, at the Board meeting held in Mumbai, today. Kotak Mahindra Bank standalone results The Bank’s PAT for 9MFY24 increased to ₹ 9,648 crore from ₹ 7,444 crore in 9MFY23, up 30% YoY. PATfor Q3FY24 stood at ₹3,005 crore, up 8% YoY from ₹ 2,792 crore in Q3FY23.  Q3FY24 results for the Bank include ₹143 cr provision (post tax) on applicable Alternate Investment Fund (AIF) investments pursuant to RBI’s circular dated December 19, 2023. Net Interest Income (NII) for 9MFY24 increased to ₹ 19,084 crore, from ₹ 15,449 crore in 9MFY23, up 24% YoY and for Q3FY24 increased to ₹ 6,554 crore, from...

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21Jan By editor3No Comments

Business News, Feature, National News

Samsung Announces its Grand Republic Day Sale with Mega Offers on Samsung.com

Gurugram, January, 2024. Samsung, India’s largest consumer electronics brand, has launched itsGrand Republic Sale with bumper offers and cashback on a variety of Samsung products such as Galaxy smartphones, laptops, tablets, wearables, Samsung TVs, and other digital appliances. These offers will be available on Samsung.com, Samsung Shop App, and Samsung Exclusive Stores. Consumers will get up to 22.5% cashback (Up to INR 25000) on HDFC Bank, ICICI Bank, Axis Bank and other leading Bank Debit and Credit Cards. During the bonanza sale, consumers buying select models of Galaxy A series, M series, F series, S series and flagship models of Galaxy Z Series can get up to 57% off. Consumers will also get amazing offers on pre-booking the latest Galaxy S24 series smartphones. Under the G...

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19Jan By editor3No Comments

Business News, Feature, National News

COAI Seeks Policy Measures to Boost Telecom Sector Viability

New Delhi, January, 2024. Cellular Operators Association of India (COAI), the apex industry body representing the digital communications ecosystem in the country, has submitted recommendations for the Union Budget 2024-25 to the Ministry of Finance, Government of India, with a focus on enhancing the financial well-being of the industry. The Key asks made by the telecom industry for the Union Budget 2024-2025 are Regulatory Levies: COAI has held the view that ideally USOF levy should be abolished. However, if that is not possible, then theUSOcontributionof5%ofAGRmaybesuspendedtill the existing USO corpus (INR 77,000 Crs) is exhausted. Further, License Fee should be brought down from 3% to 1% at the earliest to cover only administrative costs by the DoT /Government. The present defi...

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18Jan By editor3No Comments

Business News, Feature

Samsung Ushers in Mobile AI Era, Launches Galaxy S24 Series in India

Gurugram, January 18, 2024. Samsung, India’s largest consumer electronics brand,today opened pre-bookings for its latest Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 smartphones, ushering in a new era of mobile AI. Galaxy S24 series enables barrier-free communication, maximizes creative freedom with Galaxy’s ProVisual Engine, and sets a new standard for search that will change how Galaxy users discover the world around them. Barrier-free communication Galaxy S24 series enhances and redefines the phone’s most fundamental role: communication with Live Translate, two-way, real-time voice and text translations of phone calls within the native app.With Interpreter, live conversations can be instantly translated on a split-screen view. It even works without cellular data or Wi-Fi. For m...

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18Jan By editor3No Comments

Business News, Feature, National News

Kotak is India’s First Bank to Launch Seamless GST Payment with Multiple Options – UPI, Credit Card and Debit Card, in addition to existing Net Banking

Mumbai, January 18 2024. In line with Government of India’s vision to promote digital payments and simplify financial transactions, Kotak Mahindra Bank Limited(“KMBL”/“Kotak”)today announced the launch of seamless GST paymentsthrough multiple options - UPI, Credit Card, and Debit Card, in addition to the existing Net Banking option.Kotak is India’s first bank that enables tax payersto seamlessly meet their GST obligationsby choosing their preferred digital payment modein the GST portal’s 'E-payment'. Kotak Mahindra Bank continues to be anardent supporterof India’s Digital Public Infrastructure and has been participatingin the growth of the digital marketplace through multiple initiatives.With the new seamless and multiple payment options,customers, even those from other banks (previo...

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18Jan By editor3No Comments

Business News, Feature, National News

NSDC International and Nippon Travel Agency forge strategic partnership to strengthen India-Japan collaboration

New Delhi, January, 2024. In a significant move aimed at fostering greater collaboration between India and Japan, NSDC International (NSDCI), a wholly owned subsidiary of the National Skill Development Corporation (NSDC), and Nippon Travel Agency Co., Ltd., a global workforce solutions company, have signed a Memorandum of Understanding (MoU) today. The objective of this partnership is to create awareness in the Japanese market regarding the hiring of skilled professionals from different sectors in India. This initiative addresses the growing demand for diverse talent in Japan and seeks to facilitate a seamless recruitment process. This landmark agreement was officially inked between Mr. Ajay Kumar Raina, Director & Chief Operating Officer of NSDCI, and Mr. Keigo Yoshida, Executiv...

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18Jan By editor3No Comments

Business News, Feature

Google’s Gemini Pro and Imagen 2 to deploy in producing new text, voice, and image features on the new Samsung Galaxy S24 series

New Delhi, January 18, 2024. Samsung Electronics Co., Ltd. and Google Cloud today announced a new multi-year partnership to bring Google Cloud’s generative artificial intelligence (AI) technology to Samsung smartphone users around the globe. Starting with the Samsung Galaxy S24 series announced today at Galaxy Unpacked in San Jose, California, Samsung will be the first Google Cloud partner to deploy Gemini Pro and Imagen 2 on Vertex AI via the cloud to their smartphone devices. “Google and Samsung have long shared deeply held values around the importance of making technology more helpful and accessible for everyone. We’re thrilled that the Galaxy S24 series is the first smartphone equipped with Gemini Pro and Imagen 2 on Vertex AI,” said Janghyun Yoon, Corporate EVP and Head of Softw...

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18Jan By editor3No Comments

Business News, Feature

Samsung’s latest flagship smartphone with its toughest, most scratch resistant, and most optically advanced Gorilla® Glass yet

US, January 17, 2024.  Samsung Electronics Co., Ltd. and Corning Incorporated (NYSE: GLW) today announced that Galaxy S24 Ultra devices will feature Corning’s new Corning® Gorilla® Armor cover material. Gorilla Armor offers an unparalleled combination of durability and visual clarity, delivering a richer display in sunlight and greater protection against damage caused by daily wear. “Corning’s Gorilla® Glass, together with the Galaxy S series, have driven innovation and made significant progress towards achieving greater durability,” said Kwangjin Bae, EVP and Head of the Mechanical R&D Team, Mobile eXperience Business at Samsung Electronics. “This partnership has made it possible for people to use our products with confidence and peace of mind.” Corning® Gorill...

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18Jan By editor3No Comments

Business News, Feature

Empowering everyday experiences, from barrier-free communication to awe-inspiring creativity to the power for even more possibilities, Galaxy AI transforms the iconic S series for the future

Jaipur, January 18, 2024. Samsung Electronics today unveiled the Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24, unleashing new mobile experiences with Galaxy AI.1 Galaxy S series leads the way into a new era that will forever change how mobile devices empower users. AI amplifies nearly every experience on Galaxy S24 series, from enabling barrier-free communication with intelligent text and call translations, to maximizing creative freedom with Galaxy’s ProVisual Engine, to setting a new standard for search that will change how Galaxy users discover the world around them. “The Galaxy S24 series transforms our connection with the world and ignites the next decade of mobile innovation,” said TM Roh, President and Head of Mobile eXperience (MX) Business at Samsung Electronics. “Galax...

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