Thursday, April 3

Business News

Business News Jaipur, Jaipur Business News

The Taste Company launches products in UAE
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Business News, Food and Beverages

The Taste Company launches products in UAE

New Delhi, April 11, 2024.Hyderabad-based The Taste Company, which is into the ready-to-eat food segment, on Thursday announced it has forayed into the overseas markets by launching its products in the UAE.The company is also gearing up to expand its operations to the UK, the US and Singapore, a release said here.Currently, The Taste Company makes 18 products that comprise five breakfast varieties, seven types of vegetarian meal and six non-vegetarian meal varieties, it said.
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Mercedes-Benz India reports best-ever retail sales in FY24
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Automobile News, Business News

Mercedes-Benz India reports best-ever retail sales in FY24

New Delhi, April 11, 2024.German luxury carmaker Mercedes-Benz on Thursday reported its highest-ever retail sales in a financial year in India in 2023-24, driven by strong demand for its SUV range.The company sold 18,123 units last fiscal, a growth of 10 per cent over 16,497 units in the 2022-23 fiscal."We achieved the best-ever month, highest-ever quarter and best-ever fiscal in India. This trust reflects in the unmatched desirability for Mercedes-Benz in India, resulting in an overwhelming customer response," Mercedes-Benz India MD and CEO Santosh Iyer said in a statement.
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Telecom Tariff hike imminent; expect 15-“17 pc rise post election
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Business News, Feature

Telecom Tariff hike imminent; expect 15-“17 pc rise post election

New Delhi, April 11, 2024.The telecom industry is expected to take a 15-17 per cent tariff hike post general elections, according to an analyst report that termed the tariff increase in the sector as "imminent" with Airtel as the biggest beneficiary.The general election in the world's largest democracy is scheduled to be held in seven phases between April 19 and June 1, and results will be declared on June 4."We expect the industry to take a 15-17 per cent tariff hike post the elections," a report by Antique Stock Broking said, as it described the tariff hike as imminent and Bharti as the biggest beneficiary.
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KABIL and CSIR-IMMT sign MoU for Technical and Knowledge cooperation for Critical Minerals
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Business News, Feature

KABIL and CSIR-IMMT sign MoU for Technical and Knowledge cooperation for Critical Minerals

New Delhi, April 11, 2024.Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - Institute of Minerals and Materials Technology (CSIR-IMMT) for Technical & Knowledge cooperation for Critical Minerals. The MoU was signed by Shri Sadashiv Samantaray, Director (Commercial), NALCO & CEO, KABIL and Dr. Ramanuj Narayan, Director, CSIR-IMMT, in the presence of Shri Sridhar Patra, CMD, NALCO & Chairman, KABIL, at NALCO Corporate Office in BhubaneswarUnder the MoU, KABIL will leverage the technical expertise and services of CSIR-IMMT to undertake various projects, including the design and analysis of metallurgical test work-plans, development and review of process flowsheets, and the selection o...
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Bajaj Pulsar N250 launched at Rs 1.51 lakh
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Automobile News, Business News, Feature

Bajaj Pulsar N250 launched at Rs 1.51 lakh

New Delhi, April 10, 2024.The biggest visual change on the 2024 Pulsar N250 is the 37mm USD fork, which is the same diameter as the older bike’s telescopic unit. The bike also comes in three colours now – White, Red and Black. The white and red colour options come with a golden USD fork and get silver finishes on the engine casing as well as exhaust muffler, while on the black colourway, all the components get a blacked-out treatment. One of our quibbles with the N250 was that it came in only one colour in its top dual-channel ABS spec, and its nice to see a diverse palette of colours to choose from now. Bajaj has also given the Pulsar N250 a new LCD display (same as the one found on the N150 & N160), and with it comes Bluetooth connectivity and the ability to receive noti...
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E-commerce Leads in Influencer Marketing Spending with 27 Percent, Followed by FMCG: Kofluence Influencer
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Business News, Feature, National News

E-commerce Leads in Influencer Marketing Spending with 27 Percent, Followed by FMCG: Kofluence Influencer

New Delhi, April 10, 2024.Kofluence, India's leading Social Media Influencer Marketing-Tech platform, proudly announces the release of its annual benchmarking report, Decoding Influence: The 2024 Influencer Marketing Report. From tracing the genesis of influencer marketing to delving into the psychology underpinning consumer behavior, and from analyzing the total market size to examining compelling case studies, the report comprehensively illuminates key trends, challenges, and opportunities within the Creator Economy. By offering strategic recommendations and actionable data-backed insights, readers can be equipped with the necessary tools to effectively navigate and capitalize on the opportunities presented by this evolving industry.Ritesh Ujjwal, Co-Founder of Kofluence, emphasi...
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Tata Motors Group global wholesales at 3,77,432 in Q4FY24
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Automobile News, Business News, Feature, National News

Tata Motors Group global wholesales at 3,77,432 in Q4FY24

Mumbai, April 10, 2024.The Tata Motors Group global wholesales in Q4FY24, including Jaguar Land Rover**were at 3,77,432 nos., higher by 8%, as compared to Q4 FY23.Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q4 FY24 were at 1,11,591 nos., lower by 6%, over Q4 FY23. Global wholesales of Tata Motors passenger vehicles* in Q4 FY24 were at 1,55,651 nos., higher by 15% as compared to Q4 FY23. Global wholesales for Jaguar Land Rover** were 1,10,190 vehicles, higher by 16%. Jaguar wholesales for the quarter were 13,528 vehicles, while Land Rover wholesales for the quarter were 96,662 vehicles.
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BMW India launches Summer Service Campaign
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Automobile News, Business News, Feature

BMW India launches Summer Service Campaign

Gurugram. April 10, 2024.BMW India has announced the launch of BMW Summer Service campaign across its dealer network. This special initiative will be held across India and will ensure complete car readiness for the summer season.Mr. Vikram Pawah, President, BMW Group India said, “At BMW, our aspiration is to ensure a relaxing ride, offering maximum comfort and peace of mind at all times. Proactive Care is our new service promise. ‘Sheer Driving Pleasure’ is guaranteed when you own a BMW. Regular service through preventive checks of vehicles ensures smooth functioning and performance of a BMW. This special service campaign is designed to identify and address all technical service issues, for a hassle-free drive during the harsh Indian summer season. With a dedicated team of trained ...
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Jindal Stainless Unveils Arttd’inox
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Business News, Feature

Jindal Stainless Unveils Arttd’inox

New Delhi, April 10, 2024. Jindal Stainless JSL (NSE: JSL), the country's largest stainless steel manufacturer, today announced its exciting foray into the B2C space with the launch of premium cookware range under the umbrella brand of Arttd'inox (a Jindal Lifestyle initiative). It signifies a fusion of cutting-edge innovation and unmatched quality, designed to elevate the culinary experience for home chefs.Arttd'inox is more than mere cookware as it aims to transform kitchens into sophisticated culinary havens. With a meticulously crafted collection, each piece embodies the timeless essence of 'Art in Stainless Steel', designed for both functionality and aesthetics.Speaking on the launch, Mr. Ranjan Choudhary, CEO, Jindal Lifestyle,said, "At Jinda...
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Sonalika records all time high annual overall market share 15.3% (est.) in FY’24 
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Automobile News, Business News, Feature, National News

Sonalika records all time high annual overall market share 15.3% (est.) in FY’24 

New Delhi, 10th April, 2024.India’s No.1 tractor export brand, Sonalika Tractors is elated to have concluded its comprehensive FY’24 journey by setting a new stellar landmark while promoting its commitment of innovation and leveraging its farmer-centric approach. The company is excited to clocked highest ever overall annual market share of 15.3% (est.) as well as become the only tractor brand to grow in the domestic market in FY’24. The sensational performance has even enabled Sonalika to perform better than the industry performance.The newest peak at Sonalika also includes an unassailable 34.4% exports market share (est.) clocked during FY’24 among the tractor exporting companies from India. This includes a staggering 6.2% percentile point (est.) change in market share a...
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Ola-Uber started subscription based service
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Business News, Feature, Travel News

Ola-Uber started subscription based service

Jaipur, April 10, 2024.Now auto rickshaw drivers providing taxi services through Ola and Uber will now get full payment for every ride. For this, both the cab service providing companies have rolled out subscription based plans.Auto drivers will benefit from this plan because they will no longer have to pay commission to the companies after the ride. Namma Yatri and Rapido have already started this type of service.Ola has launched this model in some big cities including Delhi-NCR, Mumbai, Bengaluru and Hyderabad. At the same time, this service of Uber will be available in 6 cities including Chennai, Kochi and Visakhapatnam.Under this new plan, now both the auto service aggregators will charge a fixed fee per day or week from the auto driver instead of charging commission on every ride. Wit...
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Fun88 New Millionaires: 5 Lucky Players Hit Crazy Time Jackpot
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Business News, Feature, National News, Sports News

Fun88 New Millionaires: 5 Lucky Players Hit Crazy Time Jackpot

New Delhi, April 09, 2024.Fun88 is thrilled to announce an extraordinary victory in the renowned Crazy Time game, where 5 fortunate players have collectively won a staggering amount of ₹1 Crore. This remarkable win highlights the excitement and potential rewards available to all participants in the dynamic world of live casino gaming.Five users decided to try the luck on the Crazy Time live casino game at Fun88 on 3rd April 2024. They each chipped in a small amount of ₹100 & hit a massive jackpot. "We were just playing for fun, but Fun88 India turned our ₹500 bet into a life-changing ₹1 Crore win!" said Shrikanth Reddy, one of the Jackpot Winners.Crazy Time, a live game show with multipliers, bonus rounds give a chance to win BIG on every spin. Its innovative design an...
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motorola edge 50 Pro Goes on Sale in India with the World’s First True Colour Camera and Display
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Business News, Feature

motorola edge 50 Pro Goes on Sale in India with the World’s First True Colour Camera and Display

Jaipur, April 09, 2024.Motorola, India’s best 5G smartphone brand, recently unveiled the motorola edge 50 Pro at the global first launch in India for its premium edge franchise. The edge 50 Pro goes on sale today at 12 PM on Flipkart, Motorola.in and leading retail stores across India, at an incredible limited period offer price of just Rs. Rs. 27,999 including all offers. The motorola edge 50 Pro is equipped with the World’s 1st AI Powered Pro-Grade Camera with true color output validated by Pantone. The camera meets Pantone’s evaluation and grading criteria by authentically simulating the full range of real-world Pantone Colors. Furthermore, Pantone SkinTone™ Validated assures the camera captures results representing the vast spectrum of human skin tones. The new AI Photo Enhancement...
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Vioma Motors unveils Retro-inspired e-Scooter Thunderbolt and Starc e-Bike
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Automobile News, Business News, Feature, National News

Vioma Motors unveils Retro-inspired e-Scooter Thunderbolt and Starc e-Bike

Mumbai, April 09, 2024.In a momentous event that encapsulated innovation and excitement, Vioma Motors, an innovative E-mobility platform, confronts the challenge of range anxiety in the EV industry head-on. Employing a comprehensive approach, Vioma designs all vehicle components in-house, covering everything from the powertrain to the body. Recently, they unveiled their latest creations - the Thunderbolt e-scooter and Starc electric bike, heralding a new era in urban transportation.The Thunderbolt e-scooter, aptly named for its lightning-fast speed and dynamic performance, boasts a maximum speed of 120 kmph. Its sleek design and cutting-edge features capture attention, but its true standout feature lies in its customization options. Riders can personalize every aspec...
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Godrej Properties clocks record sales bookings in FY’24
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Business News, Feature

Godrej Properties clocks record sales bookings in FY’24

Mumbai, April 09, 2024.Realty firm Godrej Properties on Tuesday reported a 84 per cent increase in sales booking to a record Rs 22,500 crore in the last financial year, on higher volumes amid strong consumer demand for residential properties.Godrej Properties has surpassed the sales booking numbers of Bengaluru-based Prestige Group, which on Monday reported pre-sales of Rs 21,040 crore during the last fiscal year.During the fourth quarter of the last fiscal, Godrej Properties’ sales bookings more than doubled to over Rs 9,500 crore year-on-year.Its sales bookings during the last fiscal grew by 84 per cent year-on-year to more than Rs 22,500 crore.“This is the highest-ever annual sales announced to date by any publicly listed real estate developer in India. This was achieved...
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Flipkart Expands its Footprint in Travel Offerings
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Business News, Feature, National News, Travel News

Flipkart Expands its Footprint in Travel Offerings

Bengaluru, April 2024.Flipkart, India's homegrown digital commerce ecosystem has announced the launch of bus services on its App. In collaboration with multiple state transport corporations and private aggregators,  Flipkart will offer customers the choice of choosing from  10 lakh bus connections with connectivity to 25,000+ routes across India. This is in addition to the flight and hotel booking services that have been available under the Flipkart Travel banner.This launch is a step towards Flipkart’s plan to meet the evolving travellers’ needs in the segment. With immense synergy between the existing customer base of Flipkart and bus travelers in general, the company’s proposition to enable affordable travel will be a game changer in the competitive landscape. Redempti...
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Bajaj Finance hikes FD rates for most tenures by up to 60 bps; highest rate continues at 8.85% 
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Business News, Feature, National News

Bajaj Finance hikes FD rates for most tenures by up to 60 bps; highest rate continues at 8.85% 

Pune, April 8, 2024.Bajaj Finance Ltd., part of Bajaj Finserv Ltd., one of the country’s largest financial services groups, has announced hikes in Fixed Deposits (FDs) ratesacross mosttenures.Effective April 3, 2024, the companyhas increased FD rates for senior citizens by up to 60 basis points in the 25-to-35-month tenure and 40 basis points in the 18-to-24-month tenure.For non-senior citizens, rates have been hiked by up to 45 basis points in the 25-to-35-month tenure,40 basis points in the 18 and 22monthtenures, and 35 basis points in the 30 and 33-month tenures.The move presents an opportunity for savers to secure stable and better returns in prevailing market conditions.Senior citizens can continue to avail FD rates of up to 8.85% and non-senior citizens can take b...
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Samsung to Launch New Range of AI TVs in India on April 17
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Business News, Feature, National News

Samsung to Launch New Range of AI TVs in India on April 17

Gurugram, April 2024.Samsung, India’s largest consumer electronics brand, is gearing up to launch its new range of Artificial Intelligence-powered televisions on April 17, 2024.The upcoming launch of AI televisions comes on the back of Samsung's big AI-related announcements earlier this year. Samsung launched Galaxy AI for its smartphones with Galaxy S24 series in January, and Bespoke AI for its home appliances earlier this week.Samsung's Neo QLED 8K series, Neo QLED 4K series and the OLED series are all likely to be powered by AI this year.Samsung has also started taking early orders from consumers interested in buying its new range of AI TVs in India. Consumers can pre-order Samsung's new AI TVs by paying INR 5000 on Samsung.com and the Samsung shop App. Customers who pre...
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Nippon Paint unveils Mastercraft, for exemplary automotive aftermarket body and paint work, powered by sustainable technology
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Business News, Feature, National News

Nippon Paint unveils Mastercraft, for exemplary automotive aftermarket body and paint work, powered by sustainable technology

Gurugram, April 2024.Asia Pacific’s leading paint and coating company, Nippon Paint has launched its consumer facing automotive body and paint repair service brand, Mastercraft. Mastercraft promises exemplary body and paint work, car decoration services and ultra-fast velocity repairs, backed by Japanese precision and technology.The first Mastercraft store has been established in Gurugram. Mastercraft Gurugram, operated by N-Square Automotive Services will cater to the discerning automobile owners of Gurugram, Delhi and NCR who increasingly demand impeccable paint finishes. The Gurugram centre will provide innovative, state-of-the-art technology and green solutions, with a capacity to repair around 2500 cars annually.Through its extensive network of partners and franchises, Nip...
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Muthoot EXIM launches first Gold Point Centre in Rajasthan
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Business News, Feature, Rajasthan News

Muthoot EXIM launches first Gold Point Centre in Rajasthan

Jaipur, April 6, 2024.Muthoot Exim (P) Ltd., the precious metal arm of business conglomerate Muthoot Pappachan Group (also known as Muthoot Blue),has announced the launch of their first Gold Point Centre in the state of Rajasthan at No-G-22, ground floor, front side of Jagdamba tower, plot no-E3, Amrapali Circle, Vaishali Nagar, Jaipur, Rajasthan-302021.With an objective of providing the customers a trusted and credible centre to sell their gold ensuring a seamless process, Muthoot Gold Point Centre aims to ensure transparent, fair, precise and efficient selling and recycling of gold.With this new branch, the company today has 22 Gold Point centres in India including two 'Mobile Muthoot Gold Point' (Mumbai & Bengaluru) which collects gold from the doorstep of the customers. Mut...
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Bharti Hexacom IPO
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Bharti Hexacom IPO

New Delhi, April 05, 2024.The public issue of Bharti Hexacom continued to get a solid response on April 5, the final day of bidding, as investors picked up 123.24 crore shares. This amounts to 29.88 times the issue of 4.12 crore shares that were up for grabs.Qualified institutional buyers (QIBs) took the lead, buying 48.57 times the allotted quota. Non institutional investors or NIIs were second in line subscribing 10.52 times the portion set aside for them, followed by retail investors who picked 2.83 times the allotted quota.
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Bandhan Bank founder CEO C S Ghosh resigns
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Bandhan Bank founder CEO C S Ghosh resigns

New Delhi, April 05, 2024. Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation.Ghosh would retire from the services of the bank as MD and CEO upon completion of his current tenure on July 9, 2024, the bank said in a regulatory filing."After leading the bank for almost a decade, including three consecutive tenures as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group level," Ghosh said in a letter addressed to the board.
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Pre-launch bookings open for the First-Ever All-Electric BMW i5 M60 xDrive
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Automobile News, Business News, Feature

Pre-launch bookings open for the First-Ever All-Electric BMW i5 M60 xDrive

Gurugram, April 05, 2024.BMW India will open bookings for the first-ever all-electric BMW i5 from 12:30 Hrs, 04 April 2024 onwards. The car will be available in the country as a Completely Built-Up (CBU) model and can be booked at the BMW dealership network and through BMW Online Shop.Mr. Vikram Pawah, President, BMW Group India said, “We are very excited to announce the pre-launch bookings of the first-ever BMW i5 M60 xDrive in India. The BMW i5 M60 xDrive is an epic athlete - it captivates from start to finish, and leads with elegant design, innovative technology and dynamic performance. BMW Group India has been a leader in the electric luxury car segment for two consecutive years, offering the most versatile portfolio - BMW i7, BMW iX, BMW i4, BMW iX1 and MINI SE. With the intro...
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