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10Jan By editor3No Comments

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Samsung’s ‘AI for All’ Vision Unveiled at CES 2024

New Delhi, January, 2024. Samsung Electronics today shared its vision for how artificial intelligence (AI) technology will enable people to experience their devices more intuitively and conveniently than ever before. Presenting these ideas at a press conference at CES® 2024, Samsung teamed up with key partners to outline the technology behind this vision and how new products and services use AI capabilities to make life easier. Jong-Hee (JH) Han, Vice Chairman, CEO and Head of Samsung’s Device eXperience (DX) Division, opened the press conference by describing how AI will enable connected technologies to improve people’s daily lives while always remaining nonintrusive and “in the background.” The strategy that he and others outlined focused on the role of AI in enhancing connected ex...

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10Jan By editor3No Comments

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Ministry of Textiles organizing hackathon under “BHARAT TEX 2024”

New Delhi, January 10,2024. The Ministry of Textiles under National Technical Textiles Mission (NTTM) is organizing a hackathon titled “Fostering Innovations in Technical Textiles –Hackathon for unleashing creativity in technical textiles” under “BHARAT TEX 2024” scheduled to be held on 26-29 Feb, 2024. The primary goal of the hackathon is to create a platform that brings together students, researchers, entrepreneurs, and industry professionals. This platform aims to raise awareness, stimulate innovation, encourage collaboration, and address real-world challenges in the field of technical textiles. National Technical Textiles Mission (NTTM), Ministry of Textiles, Government of India shall be the sponsor and partner for the hackathon. The textiles industry is undergoing a revolutio...

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10Jan By editor3No Comments

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GlobalSpace Technologies unveils GoRoga – India’s first Anti-Stress wearable

New Delhi, January 10, 2024. GlobalSpace Technologies Limited unveiled GoRoga, India's first Anti-Stress wearable under the Make in India initiative. The inaugural event, held at Chancellor Hall, NSCI Club, Worli, Mumbai on 4th January 2024 was jointly presided by Mr. Krishna Singh, Founder and CEO, GlobalSpace Technologies and Mr. Ami Lebendiker, Co-Founder and CEO, RogaLife, USA. A trailblazer in digital pharma and healthcare for over a decade, GlobalSpace Technologies are pioneers in digital pharma solutions, revolutionizing healthcare through cutting-edge solutions, analytics, and AI. They have now forayed into digital therapeutics with this one-of-a-kind anti-stress wearable that is well positioned to become a popular anytime anywhere lifestyle product. Manufactured and pat...

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9Jan By editor3No Comments

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Samsung Electronics Launches 2024 Neo QLED, MICRO LED, OLED and Lifestyle Displays

Jaipur, January, 2024. Samsung Electronics today announced its latest QLED, MICRO LED, OLED and Lifestyle display lineups ahead of CES® 2024. The announcement also served to kick off the AI screen era through the introduction of a next-generation AI processor poised to redefine the perception of smart display capabilities. In addition to bringing improved picture and sound quality, the new lineups provide consumers with AI-powered features secured by Samsung Knox, focusing on inspiring and empowering individual lifestyles. “Now that we are living through the hyperconnected era, it’s no longer just about delivering quality visual experiences. Displays should enhance our lives both on and off the screen,” said SW Yong, President and Head of Visual Display Business at Samsung Elect...

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9Jan By editor3No Comments

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DSP Mutual Fund launches DSP Multicap Fund

Mumbai, January, 2024. DSP Mutual Fund announced the launch of DSP Multicap Fund, an open-ended scheme that offers investors the flexibility to invest across large cap, mid cap and small cap stocks, investment styles and industries. With dedicated market cap exposure to mid and small caps along with timely rebalancing, the multicap strategy offers investors better diversification and improvement in performance compared to the Nifty 500. Despite investing in the same set of stocks, the multicap strategy has outperformed the Nifty 500 almost 8 out of 10 times over 5 year rolling periods between April 1, 2005 and November 30th, 2023. The asset allocation of the scheme can be a minimum of 75% and a maximum of 100% in equity and equity related securities of which large, mid, and small ...

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9Jan By editor3No Comments

Business News, Entertainment News, Feature

Tata CLiQ partners with Rediff.com to attract new shoppers

Mumbai, January 09, 2024. Tata CLiQ, India's leading e-commerce platform, is partnering with Rediff.com, a pioneering news, entertainment, and shopping portal, for an exclusive collaboration allowing Rediff users easy access to shopping on Tata CLiQ starting January 5, 2024. With this strategic move, Tata CLiQ aims to target a much wider and newer cohort of consumers, thus strengthening its reach further. As part of this partnership, the shopping icon on Rediff’s homepage will lead users to a Rediff shopping site powered by Tata CLiQ. Users can browse and shop from a wide range of curated and trendiest products from leading brands across fashion and lifestyle, unlocking the magical shopping experience. Gopal Asthana, Chief Executive Officer, Tata CLiQ, said, "We are thrilled ...

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9Jan By editor3No Comments

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Zee Entertainment shares plunge nearly 14 pc in morning trade

Mumbai, January 09, 2024. Shares of Zee Entertainment Enterprises tanked nearly 14 per cent in morning trade on Tuesday amid uncertainty over the fate of the USD 10 billion merger between the company and Culver Max Entertainment, formerly Sony Pictures Networks India. The stock tumbled 12.66 per cent to Rs 242.30 on the BSE. At the NSE, it plunged 13.60 per cent to Rs 240.30.

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9Jan By editor3No Comments

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Sensex opened 415 points higher at 71,770

Jaipur, January 09, 2024. 'Today there is a rise in the stock market. Sensex opened at 71,770 with a gain of 415 points. At the same time, there was a rise of 140 points in Nifty, it opened at the level of 21,653. During early trading, out of 30 Sensex stocks, 28 were seen rising and only 2 were declining. More growth is being seen in banking, auto and IT shares.

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9Jan By editor3No Comments

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Ola Electric will provide 25,000 jobs

Jaipur, January 2024. Ola Electric's new EV manufacturing unit under construction in Krishnagiri district of Tamil Nadu will provide employment to about 25,000 people after running on full scale. Company's co-founder and CEO Bhavish Aggarwal gave this information at the Tamil Nadu Global Investors Meet. Bhavish said, 'Apart from manufacturing capacity, this EV hub spread over 2000 acres will also have vendor and supplier network. Together we will make Tamil Nadu and India the global epicenter of EV. Bhavish said that this will be India's first gigafactory. When it starts running on full scale, it is expected that about 1 crore two-wheelers will be manufactured here every year. In January last year, Ola Electric had signed an MOU with the Tamil Nadu government to invest ₹7,000 cror...

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9Jan By editor3No Comments

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Mercedes-Benz GLS facelift launched at starting price of ₹1.32 crore

Jaipur, January 09, 2024. Luxury car maker Mercedes-Benz has launched the facelift version of its premium SUV Mercedes-Benz GLS in the Indian market. The company has introduced the car with 2 trims and 5 color options. Its GLS 450 variant has been priced at ₹ 1.32 crore and the GLS 400D is priced at ₹ 1.37 crore. Apart from this, the company is also offering a servicing package of Rs 85 thousand. Mercedes has started booking the car and deliveries will start soon. The price of 2024 GLS is up to Rs 4 lakh more than the old version. The updated Mercedes-Benz GLS will compete with other luxury flagship SUVs like the BMW X7, Audi Q8, Volvo XC90 and Land Rover Discovery in India.

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6Jan By editor3No Comments

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Samsung Opens Pre-Reserve for the Next Galaxy Smartphone in India

Gurugram, January, 2024. Samsung, India’s largest consumer electronics brand, announced the pre-reserve of its next flagship Galaxy smartphone, which will be unveiled later this month. Pre-reserved customers will be eligible for early access and special offers on purchasing the new Galaxy devices. Customers can pre-reserve the flagship Galaxy devices by paying a token amount of INR 2000 on Samsung.com, Samsung Exclusive stores, Amazon.in and leading retail outlets across India. Consumers who pre-reserve will get benefit worth INR 5000. Since the introduction of the first Galaxy flagship, Samsung has been continuously enhancing and innovating the flagship experience for the consumers. With the next generation of the flagship, offering enhanced devices based on years of rigorous R&a...

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5Jan By editor3No Comments

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Kalyan Jewellers to open its 250th showroom in Ayodhya

New Delhi, January 05, 2024. Kalyan Jewellers on Friday said it will open its 250th showroom in Ayodhya, Uttar Pradesh, in the current quarter. In a regulatory filing, the Kerala-based jewellery firm said it plans to open additional 30 showrooms in the ongoing fourth quarter of 2023-24 fiscal in India and the Middle East. Of the 30 showrooms, the company plans to add 15 'Kalyan' showrooms in India, two 'Kalyan' showrooms in the Middle East and 13 'Candere' showrooms, it said.

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5Jan By editor3No Comments

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Gold falls Rs 100 to Rs 63,450 per 10 grams

New Delhi, January 05, 2024. Gold prices fell Rs 100 to Rs 63,450 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 63,550 per 10 grams.

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5Jan By editor3No Comments

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Tata Passenger Electric Mobility launches its first Pure EV architecture – ‘acti.ev’

Mumbai, 5th January 2024. Tata Passenger Electric Mobility (TPEM), the pioneer of the EV evolution in India, today introduced its first advanced Pure EV architecture – acti.ev (pronounced as active). acti.ev stands for (Advanced Connected Tech-Intelligent Electric Vehicle) and will underpin future products from the TPEM portfolio. Punch.ev will be the first product based on this Pure Electric Architecture, which will spawn a variety of products with multiple body styles and sizes. Starting today, customers can book their Punch.ev by visiting their nearest Tata Motors showrooms authorized for EV sales or Tata.ev stores by making a payment of just ₹21,000. Bookings can also be made online at https://bit.ly/punchev-bookingsopen. Commenting on this aspirational introduction, Mr. Ana...

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5Jan By editor3No Comments

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Audi India registers 89% growth in 2023 – 7,931 retail units sold

Mumbai, January 05, 2024. Audi, the German luxury car manufacturer, today announced robust growth of 89%retailing 7,931 units in the period January to December 2023. Positive growth followed on the back of three new product launches: Audi Q3 Sportback, Audi Q8 e-tron, and Audi Q8 Sportback e-tron, along with continued demand for the best-selling Audi A4, Audi A6, Audi Q5. Top-of-the-line cars including the Audi Q7, Audi Q8, Audi A8 L, Audi S5 Sportback, Audi RS5 Sportback, Audi RS Q8, Audi e-tron GT, and the Audi RS e-tron GT continued to witness strong demand. Mr. Balbir Singh Dhillon, Head of Audi India said,“2023 marks another successful year for us and our diverse and desirable product portfolio continues to garner robust demand. We remain steadfast to an upward trajectory,...

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4Jan By editor3No Comments

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DoT asks telecom operators to block malicious overseas calls about Indian bourses

New Delhi, January 04, 2024. The Department of Telecommunications (DoT) has cautioned the public about malicious calls from international numbers spreading false information about Indian stock exchanges, and advised people to report such cases to telecom operators. Such malicious calls are initiated by anti-national elements and are aimed at creating panic, an official release said, adding that the telecom operators have been directed to block malicious calls from such numbers.

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4Jan By editor3No Comments

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Glenmark is the first to launch Biosimilar of Popular Anti-Diabetic Drug, Liraglutide, in India

Jaipur, January 04, 2024. Glenmark Pharmaceuticals Ltd. (Glenmark), a research-led, global pharmaceutical company, has launched a biosimilar of the popular10,11 anti-diabetic drug, Liraglutide, for the first time in India. The drug is being marketed under the brand name Lirafit™ following the approval from the Drug Controller General of India (DCGI). Priced at around INR 100 for a standard dose of 1.2 mg (per day), this will lower the cost of therapy by approximately 70%, and will be available only under prescription. Liraglutide belongs to the class of glucagon-like peptide 1 receptor agonist (GLP-1 RA) drugs, which increase glucose-dependent insulin secretion and decrease in appropriate glucagon secretion.12,13  It has been approved globally for the management of t...

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4Jan By editor3No Comments

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Nepal, India sign long-term power agreement

Kathmandu, 04, 2024. Nepal on Thursday signed a long-term agreement that will facilitate the export of 10,000 MW of electricity to India in the next 10 years during the two-day visit of External Affairs Minister S Jaishankar to the Himalayan nation. The agreement on power export was inked in the presence of Jaishankar and Nepalese Minister for Energy, Water Resources, and Irrigation Shakti Bahadur Basnet during a bilateral meeting here. Nepal’s Energy Secretary Gopal Sigdel and his Indian counterpart Pankaj Agrawal inked the bilateral agreement that will facilitate the export of 10,000 MW of electricity from Nepal to India in the next 10 years.

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4Jan By editor3No Comments

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REC Limited and Bank of Baroda join hands to finance Power, Infrastructure and Logistics Projects

New Delhi, January 04, 2024. REC Limited has signed a Memorandum of Understanding (MoU) with Bank of Baroda in order to facilitate joint sanctions of loans to fund power, infrastructure and logistics projects in the country over the next three years. Recognizing the pressing need to fortify these critical domains, REC Limited and Bank of Baroda unite with a shared vision of advancing sustainable growth and bolstering the nation's infrastructural backbone. By pooling resources and expertise, both entities endeavor to champion initiatives that will invigorate economic development and enhance accessibility to essential services nationwide. The MoU was signed on January 3, 2024 in the presence of Chairperson and Managing Director (CMD), REC Limited, Shri Vivek Kumar Dewang...

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4Jan By editor3No Comments

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Markets rebound after falling for two days; Sensex jumps 491 points

New Delhi, January 04, 2024. Equity benchmark indices Sensex and Nifty rebounded on Thursday after falling in the past two days and ended nearly 1 per cent higher, mainly on buying in HDFC Bank and Bajaj Finance. The 30-share BSE Sensex jumped 490.97 points or 0.69 per cent to settle at 71,847.57 points. During the day, it rallied 598.19 points or 0.83 per cent to 71,954.79 points. The Nifty climbed 141.25 points or 0.66 per cent to 21,658.60 points.

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4Jan By editor3No Comments

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Tech Mahindra appoints former Infosys veteran Richard Lobo as Chief People Officer

New Delhi, January 04, 2023. Tech Mahindra on Wednesday said Richard Lobo has been appointed as Chief People Officer of the company with effect from January 3, 2024. In a BSE filing, the tech giant further informed that Harshvardhan Soin, Chief People Officer, will assume the role of President - Asia Pacific and Japan with effect from January 3, 2024 and continue to be designated as Senior Management Personnel.

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3Jan By editor3No Comments

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No payment problem with Russia on oil imports: Oil Minister Hardeep Singh Puri

New Delhi, January 03, 2023. Oil Minister Hardeep Singh Puri on Wednesday said there are no payment problems in buying oil from Russia and the recent decline in purchase is a function of discounts they offer. He said Russian oil made up for just 0.2 per cent of all the oil that India imported in February 2022, before the start of the Russia-Ukraine war. Post the Ukraine war, some Western nations shunned Russian oil, leading to Moscow offering discounts. This led to Indian refiners lapping up the discounted oil. The discounts made Russia India's top oil supplier with a 40 per cent share. The share fell when the discounts were lower.

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3Jan By editor3No Comments

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Bajaj Finance Ltd. turns up new year’s excitement with Digital Fixed Deposit experience @ upto 8.85%

Mumbai, January 03, 2024. Bajaj Finance Ltd., part of Bajaj Finserv, one of the country’s largest financial services groups, today announced the launch of Digital Fixed Deposit (FD), offering exclusive rates of up to 8.85% on deposits booked via its App and Website. Coinciding with the turn of the year, the Digital FD transforms the saving experience by encouraging customers to use digital and assisted digital mode to book deposits. The journey on the Bajaj Finserv app and website is simple, safe and seamless with near-instant FD booking. Effective January 2, 2024, Bajaj Finance is offering upto 8.85% per annum to senior citizensfor a tenure of 42 months for FDs booked on the Bajaj Finserv App and web. Depositors below 60 years can earn up to 8.60 per cent per annum. The revised r...

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