Saturday, December 21

Business News

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IDFC FIRST Bank Changes the Credit Card Transaction Game with the Introduction of Digital Credit Cards on the RuPay Platform
Business News, Feature, National News

IDFC FIRST Bank Changes the Credit Card Transaction Game with the Introduction of Digital Credit Cards on the RuPay Platform

Mumbai, December 07, 2023. Keeping in sync with its focus on enhancing customer convenience and revolutionizing transactional experiences, IDFC FIRST Bank announces the launch of their IDFC FIRST Bank digital RuPay Credit Card, powered for UPI. This digital card is an addition to customers’ existing IDFC FIRST Bank Credit Cards, and it seamlessly blend the benefits of UPI transactions and core credit card offerings: a game-changing approach to payments. This comes on the back of the launch of the FIRST Power and FIRST Power+ Credit Cards, that IDFC FIRST Bank and HPCL introduced earlier this year on the RuPay network – which can be availed through the IDFC First Bank’s website, and select HPCL pumps. With smart and simple digital onboarding solutions, customers can apply from anyw...
Sensex, Nifty ; Sensex falls over 200 points
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Sensex, Nifty ; Sensex falls over 200 points

New Delhi, December 07, 2023. Benchmarks Sensex and Nifty snapped their seven-day run in early trade on Thursday amid selling pressure from foreign institutional investors and tracking cues from Asian markets. Analysts said, receding crude oil prices in international markets failed to boost sentiment as investors turned to book profit ahead of RBI's monetary policy decision. The 30-share BSE Sensex fell 211.21 points, or 0.30 per cent, to 69,442.52. The broader index Nifty also declined 58.95 points, or 0.28 per cent to 20,878.75.
AMD launches series of innovative AI solutions for data centres to personal computers
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AMD launches series of innovative AI solutions for data centres to personal computers

New Delhi, December 07, 2023. To take advantage of fast growing Artificial Intelligence (AI) space, chipmaker AMD has launched a series of products for data centres to personal computers (PCs). The Santa Clara-based semiconductor company introduced multiple new products, including the AMD Instinct MI300 Series data centre AI accelerators, ROCm 6 open software stack with new features supporting Large Language Models (LLMs), and Ryzen 8040 Series processors with Ryzen AI. "AI is the future of computing and AMD is uniquely positioned to power the end-to-end infrastructure that will define this AI era, from massive cloud installations to enterprise clusters and AI-enabled intelligent embedded devices and PCs
Godrej Capital Nirmaan enhances its offering; partners with DBS Bank India, Visa, and Amazon to aid MSME growth
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Godrej Capital Nirmaan enhances its offering; partners with DBS Bank India, Visa, and Amazon to aid MSME growth

Mumbai, December 07, 2023. Over the last decade, significant strides have been made in reducing the credit gap for small businesses in India. However, securing credit is only one of the many challenges faced. It's a long list, but growing sales amidst intense competition, efficient cash flow management, scarcity of skilled manpower, the uphill task of an ever-changing technology landscape, and grappling with legal and compliance norms due to limited resources and know-how are right up there along with timely credit at good terms. Amidst this backdrop, the Godrej Group, with a rich history of over 125 years in Indian business, stands poised to tackle these challenges. Rooted in the ethos of 'nation-building' and fortified by the trust of Indian consumers in the brand Godrej, Godrej Ca...
DSP Mutual Fund launches first-of-its-kind DSP Nifty Smallcap250 Quality 50 Index Fund
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DSP Mutual Fund launches first-of-its-kind DSP Nifty Smallcap250 Quality 50 Index Fund

Mumbai, December, 2023. DSP Mutual Fund announced the launch of the first-ever ‘Quality-Focused’Smallcap FundDSP Nifty Smallcap250 Quality 50 Index Fund(DSP NSQ50IF),an open-ended scheme tracking Nifty Smallcap250 Quality 50 Index.Out of the 250 stocks in the Nifty Smallcap250 universe, theindex applies exclusion criteria and stock selection criteria to filter out companies and choose 50 stocks that fit the criteria. The quality filters include Return on Equity, Debt to Equity and Earnings Per Share. Hence, the Nifty Smallcap250 Quality 50 Index (Quality Index)has companies that have higher return on equity and lower leverage compared to the Nifty Smallcap250 (broader Index). Investors are recommended to buy DSP NSQ50IFvia the SIP route. 10-Year SIP returns have shown that long-term ...
Sonalika Achieves new Landmark with Highest ever overall market share of 16.3% in Nov’23
Automobile News, Business News, Feature, National News

Sonalika Achieves new Landmark with Highest ever overall market share of 16.3% in Nov’23

New Delhi, December 06, 2023. India’s No.1 tractor export brand, Sonalika Tractors truly believes in delivering excellence in farming operations and ensures progress for farmers with its heavy duty tractor portfolio. Developing customised tractors for every soil type, the company has clocked its highest ever 16.3% market share in November’23. Sonalika has also clocked robust November overall sales of 12,891 tractors, which is powered by highest growth of 23%, over 10,464 tractors sold in Nov’22. With this, Sonalika has also beaten industry growth in Nov’23 (est.2%) and surpassed 1 lakh tractor sales mark 7th year in row (FY'18 - FY'24). Favourable conditions such as bullish buying during the festive season, coupled with Sonalika's timely product availability and ideal product mix ena...
Dell Technologies’ India Digital Inclusion Program Outreach Expanded After Equipping 2 Million Citizens with Digital Skills
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Dell Technologies’ India Digital Inclusion Program Outreach Expanded After Equipping 2 Million Citizens with Digital Skills

Bangalore, December 06, 2023. Dell Technologies announced that it has met its target of positively impacting 2 million beneficiaries through the Mobile Solar Community Hubs launched last year in India. These mobile hubs are technology-enabled and equipped with requisite devices, including laptops, television screens for broadcasting messages, solar panels to power devices, 4G internet hotspot facility and self-paced learning content, to help the community access online services. The goal of these mobile hubs is to travel from town to town providing internet and computer technology to local community members. Dell has a global goal of impacting one billion lives by 2030 and is committed to achieving it in a combination of going deep in communities of need, scaling thr...
PM Modi to inaugurate ‘Uttarakhand Global Investors Summit 2023’ in Dehradun on 08th December
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PM Modi to inaugurate ‘Uttarakhand Global Investors Summit 2023’ in Dehradun on 08th December

New Delhi, December 06, 2023. Prime Minister Narendra Modi will inaugurate the 'Uttarakhand Global Investors Summit 2023' in Dehradun on December 8 as the hill state looks to boost investment in the coming years. The 'Uttarakhand Global Investors Summit 2023' is a step towards establishing Uttarakhand as a new investment destination and the theme of the two-day event is 'Peace to Prosperity'.
Tata Motors launches all-new Intra V70 pickup, Intra V20 Gold pickup and Ace HT+
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Tata Motors launches all-new Intra V70 pickup, Intra V20 Gold pickup and Ace HT+

Mumbai, 5th December 2023. Tata Motors, India’s largest commercial vehicle manufacturer, announced the launch of the all-new Intra V70, Intra V20 Gold and Ace HT+, in line with its commitment to make first and last mile transportation more efficient. These new vehicles are engineered to carry higher payloads over longer distances with better economics. Offering best in class features, these vehicles can be used for a variety of applications, delivering higher profits and productivity, both in urban and rural India. Tata Motors also launched improved versions of its popular Intra V50 and Ace Diesel vehicles, reengineered to lower fuel consumption with reduced cost of ownership. With these new launches, Tata Motors offers the widest range of small commercial vehicles and pickups, enabling...
TECNO Sets the Bar High With SPARK GO 2024
Business News, Feature

TECNO Sets the Bar High With SPARK GO 2024

New Delhi, December 05, 2023. TECNO, the global smartphone brand revolutionizes the sub-7K smartphone segment by launching SPARK GO 2024 - ‘Bharat ka Apna SPARK’, priced aggressively starting at INR 6,699. Since the SPARK GO series burst onto the scene in 2020, it's been a total game-changer, setting trends and shaking up the tech scene with its innovative features, all while keeping the price tag within reach of majority of Indians. And guess what? The SPARK GO 2024 is here to take things up a notch! Designed to match the vibes of Aspirational Bharat, the SPARK GO 2024 doesn't just tick the boxes; it brings in a whole bunch of segment-first features for an epic experience that covers everything from work to entertainment. Plus, it won't break the bank, with the 3GB RAM+64GB ROM v...
Nestlé India wins “best industry – product innovation for mainstreaming millets” award
Business News, Feature, Food and Beverages, National News

Nestlé India wins “best industry – product innovation for mainstreaming millets” award

Jaipur, December 04, 2023. Nestlé India was awarded the "best industry - product innovation for mainstreaming millets" by Nutrihub, ICAR-IIMR during the highly acclaimed "International Nutri-Cereal Convention 5.0". The event, which was hosted by Nutrihub, IIMR-ICAR, successfully brought together various stakeholders such as policymakers, producers, processors, researchers, academicians, R&D institutes, incubators, startups, micro-entrepreneurs, and NGOs working in the millets eco-system. This recognition reaffirms Nestlé India's commitment to excellence and innovation in the food industry. Commenting on the faster adoption of millets, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “Nestlé India is deeply honoured to receive best industry- product innovat...
Nifty hits life-time high, Sensex jumps 493 points on favourable macro data
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Nifty hits life-time high, Sensex jumps 493 points on favourable macro data

Mumbai, December 01, 2023. Key equity index Nifty hit its lifetime high while Sensex jumped 493 points to close at an 11-week high driven by favourable macroeconomic data and continuous foreign fund inflows. The 30-share BSE Sensex jumped 492.75 points or 0.74 per cent to settle at 67,481.19, the highest closing level since September 18. During the day, it surged 575.89 points or 0.85 per cent to 67,564.33. The Nifty climbed 134.75 points or 0.67 per cent to settle at an all-time high of 20,267.90. During the day, the benchmark touched its intra-day record high of 20,291.55, up 158.4 points or 0.78 per cent.
BLS International Opens a New State-of-the-art Visa Application Centre in Delhi
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BLS International Opens a New State-of-the-art Visa Application Centre in Delhi

New Delhi, November 30, 2023. BLS International, a trusted global tech-enabled services partner for governments and citizens and a global leader in visa processing and consular services, announced the inauguration of its new Visa Application Centre in Delhi. This new centre is part of BLS International's commitment to enhancing the customer experience and streamlining the visa application process. The newly inaugurated visa application centre, located at Dr. Gopaldas Bhawan, Barakhamba Road, is designed with cutting-edge infrastructure, advanced technology, and increased capacity to accommodate the growing demand for visa services. Spanning 7000 square feet the modern facility ensures a seamless experience for applicants, with state-of-the-art biometric enrollment and document verifi...
Tata Motors commences deliveries of top-of-the-line Prima VX tipper
Automobile News, Business News, Feature, National News

Tata Motors commences deliveries of top-of-the-line Prima VX tipper

Mumbai, 30th November2023. Redefining customer excellence, Tata Motors, India’s largest commercial vehicle manufacturer,commences deliveries ofstate-of-the-art Tata Prima VX tipper truck with top-of-the-line safety features.Thefeature-richtipper is designed for higherproductivityand with best-in-class conveniences and features for enhanced driver and vehicle safety. The Prima range of vehicles are now available in LX and VX trims, catering to the customer’s preferences and requirements. Loaded with state-of-the-art features, the Prima VX tipper boasts driver monitoring system, automatic traction control, hill-start assist,multimode FE (Fuel Efficiency) switch, camera-based park assist system, in-built touchscreen infotainment system, fuel monitoring system, pneumatically suspended dr...
Vinod Kalra of Rajasthan changed the fortunes of his shop and house with Pay Near Buy app.
Business News, Feature, Rajasthan News

Vinod Kalra of Rajasthan changed the fortunes of his shop and house with Pay Near Buy app.

Sri Ganganagar, November 2023. Every morning, Vinod Kalra, resident of Sri Ganganagar, reaches his shop which is famous by the name of Kalra Traders. Be it heat, cold or rain, Kalra Traders opens its shutters every morning at 8:00 am. And every morning there is a crowd of customers in front of this small mobile shop. This crowd is made up of customers who have come to avail financial and digital services before going to work. The livelihood of most of the people of Shri Ganganagar, famous as 'Ann Bhandar' in Rajasthan, depends on farming and related industries. This is the reason why most of Vinod ji's customers are either farmers or daily wage laborers, to whom he has been providing all these services for the last 5 years. Now how about banking services in mobile shop? Because Vin...
Tata Motors inaugurates its state-of-the-art Registered Vehicle Scrapping Facility in Chandigarh
Automobile News, Business News, Feature, National News

Tata Motors inaugurates its state-of-the-art Registered Vehicle Scrapping Facility in Chandigarh

New Delhi, November 2023. Tata Motors, India’s leading automobile manufacturer, continues its commitment to sustainable mobility with the launch of its fourth Registered Vehicle Scrapping Facility (RVSF) in Chandigarh. Named 'Re.Wi.Re – Recycle with Respect,' the facility was unveiled by Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility. The state-of-the-art facility uses environmentally-friendly processes and has the capacity to disassemble 12,000 end-of-life vehicles safely and sustainably, each year. The RVSF is developed and operated by Tata Motors’ partner Dada Trading Company and is equipped to scrap both passenger and commercial vehicles, regardless of their brand, aligning with the company’s vision to promote eco-friendl...
BharatPe Turns EBITDA Positive: Clocks October 2023 as the First Profitable Month
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BharatPe Turns EBITDA Positive: Clocks October 2023 as the First Profitable Month

Gurugram, November 28, 2023. BharatPe, one of India’s leading players in the fintech sector, today announced that it has turned EBITDA positive in October 2023. Additionally, it shared that its annualized revenue has surged past Rs. 1,500 Cr, a growth of 31% from c. This financial milestone is attributed to consistent growth across all its business lines. The company has also significantly cut down its EBITDA burn—which was averaging at Rs. 60 Cr per month in FY23—to attain EBITDA positivity. This significant milestone in conjunction with strong growth is a testament to the efforts of the team, enabled by strategic guidance from the Board. The company will continue taking strides toward being a market-leading financial services platform for the 50 million small businesses across India. ...
HDFC Life Sets a GUINNESS WORLD RECORDS™ Title for its ‘Insure India’ Campaign
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HDFC Life Sets a GUINNESS WORLD RECORDS™ Title for its ‘Insure India’ Campaign

Mumbai, November 28, 2023. HDFC Life, one of India’s leading insurers, has officially set a new Guinness World Records™ title for creating the largest online selfie mosaic made from 19,097 photos clicked by individuals for the ‘Insure India’ campaign. Life insurance penetration is still very low in India and thus, there is a need for greater recognition of its importance and increased adoption. In order to address this gap, HDFC Life launched the ‘Insure India’ campaign to raise awareness on the importance of life insurance amongst Indians. The campaign represents the concept of shared responsibility of employees, partners and customers, to drive positive change in ensuring the protection and financial wellbeing of every Indian through life insurance products and ser...
Maruti Suzuki, M&M, Audi plan price hikes in January 2024
Automobile News, Business News, Feature

Maruti Suzuki, M&M, Audi plan price hikes in January 2024

New Delhi, November 28, 2023. Automakers Maruti Suzuki, Mahindra & Mahindra and Audi India on Monday announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall inflation and increased commodity rates. Besides, Tata Motors and Mercedes-Benz India are mulling increasing the prices of their models from January. The country's largest carmaker Maruti Suzuki India, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh and Rs 28.42 lakh (ex-showroom Delhi), on Monday said the price hike would vary from model to model.
Coca-Cola advances digital footprint by joining the ONDC Network
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Coca-Cola advances digital footprint by joining the ONDC Network

New Delhi, November, 2023. Coca-Cola India has announced its onboarding onto the Open Network for Digital Commerce (ONDC). The initial association is being supported through SellerApp, which will help Coca-Cola leverage the ONDC network with its data-driven insights, market intelligenceand strategies. Further, Coca-Cola has also launched its own marketplace, the 'Coke Shop’ exclusively on the ONDC platform. This innovative marketplace will transform how consumers interact with Coca-Cola products and empower retailers across the country. By joining ONDC Network — an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India — Coca-Cola India is poised to access a vast and diverse consumer base in the digi...
Tata Motors mulls price hike of PVs and EVs in January
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Tata Motors mulls price hike of PVs and EVs in January

New Delhi, November 27, 2023. Tata Motors increasing prices of its passenger and electric vehicles in January 2024. The company, which sells a range of passenger vehicles starting with hatchback Tiago to premium SUV Safari priced between Rs 5.6 lakh and Rs 25.94 lakh, however, did not specify the quantum of the proposed hike. "We are considering a price hike across our passenger and electric vehicles in January 2024. The extent of the hike and exact details will be announced in a few weeks.
Tech Mahindra launches sports cloud platform on AWS
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Tech Mahindra launches sports cloud platform on AWS

New Delhi, November 27, 2023. Tech Mahindra on Monday said it has collaborated with Amazon Web Services (AWS) to build a sports cloud platform for sporting enthusiasts worldwide. Tech Mahindra and AWS will offer a comprehensive digital platform to sports organizations, offering use cases related to content and community engagement, customer data management and audience segmentation, and sports analytics,
Tata International Expands Operations in Nigeria at Lagos Free Zone
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Tata International Expands Operations in Nigeria at Lagos Free Zone

New Delhi, November 27, 2023. Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ). The agreement was signed in the presence of Anand Sen, Managing Director of Tata International Limited, by Managing Director of Tata Africa Holdings Pty Ltd, Len Brand. This marks a significant milestone in the company's commitment to the region. With a rich legacy spanning over four decades, Tata International is a key contributor to the economic landscape of the African continent. In 2006, Tata International established operations in Nigeria and since then has made a significant contribution in the country, upholding the core values of Tata’s business ethics and commitment to corporate social responsibility. “As a brand syno...
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