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19Dec By editor3No Comments

Business News, Feature

Telecommunication Bill 2023-Biometric identification will be necessary for SIM card

New Delhi, December 19, 2023. Union Communication Minister Ashwini Vaishnav introduced the new version of the Telecommunication Bill 2023 in the Lok Sabha . The bill provides for mandatory biometric identification of telecom companies before issuing SIM cards to consumers. This bill will allow the government to take over, manage or suspend any telecom service or network for national security reasons. The bill will replace the 138-year-old Indian Telegraph Act that regulates the telecom sector.

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19Dec By editor3No Comments

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Malabar Gold & Diamonds Procures 100% Traceable ‘RandPure’ Gold From Rand Refinery, South Africa

Mumbai, December 19, 2023. Malabar Gold & Diamonds, a leading jewellery retailer, partners with Rand Refinery, one of the world's foremost gold and silver refiners, to source 100% traceable 'RandPure' gold. Malabar Gold & Diamonds, MD - International Operations, Mr. Shamlal Ahamed, received the first shipment of 100% traceable and ethically sourced, ‘RandPure’ gold from Mr. Praveen Baijnath (CEO - Rand Refinery), in the presence of Mr. Dean Subramanian (CFO - Rand Refinery) and other senior officials from Malabar Gold & Diamonds. Accredited by the London Bullion Market Association (LBMA), Rand Refinery holds the unique status of being the sole referee status refiner in the southern hemisphere. They have played a pivotal role in establishing industry standards through...

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19Dec By editor3No Comments

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Tata Consumer will buy controlling stake in Organic India

Jaipur, December 19, 2023. Tata Consumer Products is at the forefront in the race to buy controlling stake in Fabindia's Organic India. Tata wants to focus on consumer health and organic products segments. Organic India fits into the company's investment thesis. Talks between the two companies are in advanced stage. Tata Consumer can help in growing Organic India. Organic India is known for its range of herbal and green teas. This is also an important segment for Tata. Tata Tea Premium is the flagship brand of Tata Consumer. Tata Consumer's portfolio includes tea, coffee, liquid beverages and food. Tata Consumer also owns UK tea company Tetley. Tata also has a partnership with Starbucks.

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19Dec By editor3No Comments

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LTIMindtree Collaborates with Microsoft

Mumbai, December 19, 2023. LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced a strategic collaboration with Microsoft to introduce cutting-edge, AI Powered Employee Engagement Applications. This collaboration marks a significant leap forward in delivering enhanced employee and customer experiences.  Under the umbrella of LTIMindtree’s innovative Canvas.AI suite of AI offerings and solutions, these Generative AI Powered Employee Engagement Applications will redefine enterprise effectiveness and enable greater personalization. LTIMindtree’s Generative AI-powered Employee Engagement Applications utilize Microsoft Azure OpenAI Service and Azure Cognitive Search to enable a range of AI-led capabilities including: conten...

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19Dec By editor3No Comments

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SHELeads100 Launches in Pune

Pune, December 19, 2023. A historic moment unfolded at the MCCIA (Mahratta Chamber of Commerce, Industries and Agriculture) auditorium on Senapati Bapat Road, as SHELeads100 made its official debut, promising to revolutionize the landscape of women’s empowerment. The launch of SHELeads100, an extraordinary event spearheaded by Nikita Vora, Automation Coach, and Digital Marketing Consultant, brought together a diverse group of attendees, including influencers, community founders, and women eager to embark on a journey of growth and leadership. SHELeads100, standing on five strong pillars — website, mentoring, networking, marketplace, and training — aims to provide a holistic support system for women. The vision extends beyond the current offerings, with plans to incorpo...

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18Dec By editor3No Comments

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MediaTek Highlights Innovation in Next-Gen Smartphones, Smart Devices, Automotive and Connectivity Solutions

New Delhi, December18, 2023. MediaTek, the world’s leading fabless semiconductor company, powering nearly 2 billion connected devices a year, outlined its commitment to drive the adoption of future-ready technologies and advancements across 5G, Generative AI, Satellite connectivity, Automotive, Cloud Computing, Connectivity and advanced 5G solutions across 5G FWA at the 13th chapterof the MediaTek Technology Diaries themed ‘Powering Incredible Experiences with Futuristic Technologies’.MediaTek also reiterated latest announcements including MediaTek Dimensity 9300 and 8300 chipsets, combing generative AI capabilities. MediaTek’s broad portfolio comprises of MediaTek Dimensity for 5G Smartphones, MediaTek Helio G series for 4G gaming smartphones, MediaTek Pentonic for Smart TV technolo...

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18Dec By editor3No Comments

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MoU between Dhanuka and SKRAU Agritech Limited for promotion of agriculture

Bikaner, December 2023. With the aim of soil management in agriculture, availability of quality seeds, plant protection, better increase in crop production and making innovations in agriculture easily accessible to the farmers, Dhanuka Agritech Limited and Swami Keshavanand Rajasthan Agricultural University, Bikaner signed an MOU on Saturday. . Giving this information, Research Director Dr. Prakash Singh Shekhawat said that this MoU will give impetus to agricultural research and extension activities. On this occasion, while presiding over the program organized at the Vidya Mandap of the University, Vice Chancellor Dr. Arun Kumar said that with this MoU, the farmers will not only get information about the right medicines for plant protection but will also get information about the agr...

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18Dec By editor3No Comments

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Rummy Passion Unveils Its REimagined Unity-Based Mobile App

New Delhi, December 18, 2023.  Passion Gaming, the creator of India's Most Loved Rummy App, Rummy Passion, today announced a significant upgrade to enhance the player experience. The app has transitioned to the powerful Unity game engine, paving the way for a smoother, faster, and more immersive gameplay experience. The REimagined Rummy Passion App offers a range of benefits for Rummy Passion players, including: 1.  Enhanced UI and UX: Rummy Passion's revamped UI and UX are not just aesthetically pleasing, but also incredibly user-friendly and intuitive. This makes it easier than ever for players to navigate the app and focus on what they came for – enjoying an exciting game of rummy. 2.  Improved Graphics: The transition to Unity ha...

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16Dec By editor3No Comments

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Surya Roshni redefines the Consumer Durable landscape, by unveiling a cutting-edge range of Home appliances

New Delhi, December 2023. Surya Roshni in its 50th year of operation is one of India’s most respected and trusted brands for Lighting, Fans, Electric Water Heaters, Home Appliances, Steel Pipes and PVC pipes. As the largest branded manufacturer of Lighting products in India, company progresses to set the industry standard. Redifining the Consumer durables market, Surya is set to launch yet another range of Appliances and BEE rated Ceiling Fans in its’ upcoming series of Market engagements, scheduled across the country. Fans that define efficiency and elegance:Catering the ever-evolving aspirations of today’s consumer, Surya launches the BEE Star labelled new Ceiling Fans, which not only enhances the home décor, but also successfully saves Rs.1000 – 1800/- per year per fan*. 5 S...

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15Dec By editor3No Comments

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India can become the hub for global financial services market: Shri Dharmendra Pradhan

New Delhi, December, 2023. AICTE, (under the aegis of the Ministry of Higher Education) and National Skill Development Corporation (NSDC), (under the aegis of the Ministry of Skill Development and Entrepreneurship), the principal architect of the skill ecosystem in the country on Tuesday forged partnerships with Bajaj Finserv Ltd., one of India’s leading and most diversified financial services groups, to prepare young graduates for employment opportunities in the financial services sector. Two MoUs were exchanged between NSDC and Bajaj Finserv, and AICTE and Bajaj Finserv in the august presence of Shri. Dharmendra Pradhan, Union Minister for Education and Skill Development & Entrepreneurship; Prof. Rajive Kumar, Member Secretary, AICTE; Ved Mani Tiwari, CEO, NSDC and MD, NSDC Int...

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15Dec By editor3No Comments

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Nippon Paint India announces acquisition of VIBGYOR Paints and Chemicals

New Delhi, December 2023. Nippon Paint, the leading paint and coatings company in Asia today announced the 100%acquisition of VIBGYOR Paints and Chemicals Pondicherry, a major supplier of paints and coatings in South India. Through the strategic acquisition, Nippon Paint will gain a strong foothold in the growing industrial coatings portfolio especially focusing on Indian Railways After this acquisition, VIBGYOR Paints and Chemicals Pondicherry, with its established reputation and expertise in supplying high-quality paints to Indian Railways, will become a division of Nippon Paint India, leveraging its resources and reach to further its growth and market leadership. As part of the acquisition, the key members of the VIBGYOR team will join Nippon Paint as employees, ensuring a seamles...

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15Dec By editor3No Comments

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Kotak Celebrates Senior Citizens by Bringing New Life Experiences to Grand Savings Programme

Mumbai,  December, 2023. Kotak Mahindra Bank Limited ("KMBL"/Kotak) has partnered with GetSetUp, a peer-to-peer platform, to offer a variety of health and wellness experiences for senior citizens with the Kotak Grand Savings Programme. Under this initiative, senior citizens get exclusive access to thousands of classes, events and experiences in health, nutrition, wellness, etc., and in the process become a part of a community and foster genuine connections, as part of their membership. According to the National Statistical Office (NSO)’s Elderly in India 2021 report, India’s elderly population (aged 60 and above) is expected to touch 194 million in 2031- from 138 million in 2021, a 41% increase over the decade. With the GetSetUp subscription, Kotak Grand customers participate in dive...

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14Dec By editor3No Comments

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Rupee hits all time low: 2 paise down against dollar and closes at 83.40

Jaipur, December 14, 2023. There was a fall of 2 paise against the US dollar and it closed at an all-time low of Rs 83.40 per dollar. Earlier on December 5, the rupee had closed at its lowest level of 83.39 against the dollar. The rupee has weakened by about 1.22% in the current financial year (2023-24). At the beginning of the financial year 2023-24, the rupee was at Rs 82.39 per dollar, which has now come down to Rs 83.40 per dollar.

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14Dec By editor3No Comments

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Reliance Industries becomes the biggest wealth creator for the fifth consecutive time

Mumbai, December 14, 2023. Reliance Industries Limited (RIL) has emerged as the largest wealth creator company for its investors for the fifth consecutive time in the five-year period (2018-2023). Apart from Reliance, the top 5 companies in terms of highest wealth creation include Tata Consultancy Services (TCS), ICICI Bank, Infosys and Bharti Airtel. These companies have also given the highest profits to their investors.

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14Dec By editor3No Comments

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Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov

New Delhi, December 14, 2023. Net direct tax collection in the eight months of the current fiscal touched 58.34 per cent of Budget Estimates (BE) at Rs 10.64 lakh crore. The net tax collection for April-November stood at Rs 10.64 lakh crore, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said. Gross collections, before issuing refunds, grew 17.7 per cent to Rs 12.67 lakh crore in the April-November period.

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14Dec By editor3No Comments

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Connected Consumers’ declining interest decelerating adoption rate of smart devices

Gurugram, December 2023.  There is a decline across smart devices among consumers in India.  This was revealed in ‘India Connected Consumers Report 2024’ 4th edition of the report released by Techarc today.  Every year, Techarc releases insights and trends about connected consumers in India with regards to their adoption and preferences for various smart devices.  The devices are categorised as: Smart Personal – Laptops including Chromebooks, Tablet PCs, Wearables. Smart Entertainment – Smart TV, Streaming Devices, Smart Speakers. Smart Comfort and Convenience – Smart Lights, Smart Switch, Smart Air Purifier, Smart AC, Smart Water Purifier, Smart Heater. Smart Home Infra – Router, Thermostat, IR Blaster. Smart Security – Smart Surveillance Camera...

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14Dec By editor3No Comments

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Junglee Rummy Takes Center Stage with the Launch of the World Rummy Tournament

New Delhi, December 14, 2023. Junglee Rummy, India's Most Trusted Rummy Site®, is hosting an exclusive mega rummy event, the World Rummy Tournament (WRT), offering a staggering ₹100 crore prize pool. Launched on 30th October 2023, the tournament is scheduled to conclude in March 2024 with a ₹6 crore prize pool grand finale, promising an intense competition among India's finest rummy players, all vying to win huge cash rewards across four months.  The marquee event offers an exhilarating line-up of leaderboards and tournaments catering to players with diverse skill levels. Each month, a new tournament series is launched with a prize pool ranging from ₹20 crore to ₹25 crore. The first series of the WRT, held during Diwali featuring a massive prize pool of ₹20 crore,...

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14Dec By editor3No Comments

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ET chooses eassyserve as the “Emerging Innovative Start-up of the Year”

Mumbai, December 14, 2023. Jacqueline Fernandez, felicitated Viki Aroraa, Founder & CEO, eassyserve, with the “Emerging Innovative Start-up of the Year Award' at the Economic Times Inspiring Leaders Conclave. This initiative by Economic Times recognizes outstanding individuals and companies across diverse fields and honors the accomplishments of entrepreneurs making a significant impact in different fields. The awards were audited by an independent market research agency, using a robust methodology. An objective analytical framework was used to assess the nominees on various parameters.   Expressing his gratitude, Viki Aroraa shared, “I thank ET for this award and for recognizing our innovation in creating a Services Superapp. Today every brand &...

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14Dec By editor3No Comments

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IDFC FIRST Bank, LIC Cards and Mastercard Collaborate to Launch a Co-branded Credit Card to Meet the Financial Needs of India

Mumbai, December 14, 2023. IDFC FIRST Bank, LIC Cards and Mastercard today announced their collaboration to launch an exclusive co-branded credit card to meet the dynamic financial needs of India. Loaded with many exciting benefits such as no joining & annual fees and low interest rates starting from 9% p.a., the new card has been designed to bring value to consumers of varied age groups across the country.  Available in two variants - LIC Classic and LIC Select, the credit cards will provide more than 27 crores policyholders across the country an opportunity to save in the form of reward points on every LIC insurance premium payment. It will also come with other benefits, including up to Rs. 50,000 cover for lost card liability and a personal accident insurance cover o...

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14Dec By editor3No Comments

Automobile News, Business News, Feature, National News

Revolt RV400 launched in lightning yellow shade

New Delhi, December 14, 2023. Revolt Motors has launched its popular electric bike Revolt RV400 in the Indian market in Lightning Yellow color shade. The motorcycle has a blacked-out underbody, including the lower fairing and wheels, which gives the bike a sporty look. The company claims that the bike gives a range of 150 kilometers on a full charge. Apart from the new color option, the company has not made any mechanical update or change in the price of the electric bike. Earlier, the company has been introducing new colors on Revolt RV400. Earlier, the company had introduced Stealth Black Limited Edition and India Blue Cricket Special Edition shades. At the same time, the bike is also available in standard color options – Cosmic Black and Mist Grey.

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14Dec By editor3No Comments

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Indigo becomes the 6th largest airline in the world

New Delhi, December 14, 2023. According to market capitalization, IndiGo has become the 6th largest airline in the world. Indigo has left America's United Airlines behind. The jump in the ranking has come due to the continuous rise in the stock of the airline's parent company InterGlobe Aviation for 12 consecutive days. For the first time since its listing in 2015, Indigo stock saw a rise in 12 consecutive trading days. The stock has given a return of 16% since the rally started from November 28. Earlier in 2021, there was a rise in prices for 11 consecutive trading days from August 23. However, in the last rally, stockholders got a return of 19%.

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13Dec By editor3No Comments

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Adar Poonawala will buy a house worth Rs 1,446 crore in London

New Delhi, December 13, 2023. Serum Institute of India (SII) CEO Adar Poonawala is buying a new house in London. According to media reports, Poonawala has made a deal to buy this house for 138 million pounds (about Rs 1,446 crore), which is the biggest deal of this year in terms of houses in London. According to reports, this 25,000 square feet house is located near Hyde Park property in Mayfair, London. This house is about 100 years old and its name is Aberconway House. This is a company guest house that can be used to host event donor tech partners.

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13Dec By editor3No Comments

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Kotak Mahindra Bank increased interest rates on FD

New Delhi, December 13, 2023. Kotak Mahindra Bank has increased the interest rates on fixed deposits (FD). Now on making FD in this bank, common citizens will get interest ranging from 2.75% to 7.25%. If we talk about senior citizens, they will now get 3.25% to 7.80% interest on FD. The bank has increased interest rates on FDs of less than Rs 2 crore. The new interest rates have come into effect from December 11.

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