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Amul milk price hiked by Rs 2/litre across all variants with effect from June 3
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Amul milk price hiked by Rs 2/litre across all variants with effect from June 3

Jaipur, June 03, 2024.The price of Amul milk across all variants has been hiked by Rs 2 per litre with effect from Monday in view of the increase in the overall cost of operation and production of milk, Gujarat Cooperative Milk Marketing Federation (GCMMF) said. With this, the price of the Amul milk pouch will go up by Rs 2 per litre in all markets across the country.The price of Amul milk across all variants has been raised by Rs 2 per litre with effect from June 3, said Jayen Mehta, MD of GCMMF, which markets the milk and dairy products under the ‘Amul’ brand.The last time GCMMF had raised the milk price was in February 2023. The hike is necessitated to compensate farmers for their increased cost of production, Mehta said.
Tata Motors registered total sales of 76,766 units in May 2024
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Tata Motors registered total sales of 76,766 units in May 2024

Mumbai, June 01, 2024.Tata Motors Limited sales in the domestic & international market for May 2024 stood at 76,766 vehicles, compared to 74,973 units during May 2023.Domestic Sales Performance:CategoryMay 2024May 2023% change (Y-o-Y)Total Domestic Sales75,17373,4482%Commercial Vehicles:CategoryMay 2024May 2023Growth (Y-o-Y)HCV Trucks7,9248,160-3%ILMCV Trucks4,4783,45030%Passenger Carriers4,7373,87422%SCV cargo and pickup11,33712,086-6%CV Domestic28,47627,5703%CV IB1,2151,419-14%Total CV29,69128,9892%Domestic sale of MH&ICV in May2024, including trucks and buses, stood at 12,987 units, compared to11,776 units in May 2023.Total sales for MH&ICV Domestic & International Business in May 2024, including trucks and buses, stood at 13,532 units com...
Toyota Kirloskar Motor Sells 25,273 units in May 2024, Records 24% Growth
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Toyota Kirloskar Motor Sells 25,273 units in May 2024, Records 24% Growth

Bangalore, 01 June 2024.Underpinning its robust and steady performance, TKM reported monthly growth by registering sales of 25,273 units in the month of May’2024. This represents a Year-on-Year growth of 24% compared to May 2023, when the company sold 20,410 units. In the month of May, domestic sales reached 23,959 units, complemented by an additional 1,314 units exported. The company also posted a growth of 23% over the month of April’ 2024, which saw sales of 20,494 units. Furthermore, this achievement also marks a notable 48% surge in the first five months of CY 2024, with total sales reaching 1,22,776 units, up from 82,763 units in the same period during the previous year.Sales Performance:TimeframeMay - 2024May - 2023GrowthY-o-Y25,27320,41024%TimeframeJanuary ...
MAGGI inspires change with first-of-its-kind edible fork
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MAGGI inspires change with first-of-its-kind edible fork

New Delhi, May 31, 2024.MAGGI's 'Deshkeliye 2 minute' initiative, launched in 2020, aims to create a significant impact through small actions. One of its goals is to offer sustainable alternatives to single-use plastic. In line with this objective, MAGGI has introduced an edible fork in partnership with NestléR&D India (a subsidiary of Nestlé S.A and a part of Nestlé’s global R&D network) and an Indian start-up Trishula. Made from wheat flour, this innovative fork enhances the delightful experience of savoring MAGGI Cuppa Noodles, adding to its soupy, slurpy, and masaledar charm.Earlier in 2023, MAGGI also launched foldable, compostable forks in India which was jointly developed in collaboration with Nestlé’s Institute of Packaging Sciences in Lausanne, Switzerland, Kaneka ...
HERO MOTOCORP LAUNCHES THE LATEST GENERATION SPLENDOR+
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HERO MOTOCORP LAUNCHES THE LATEST GENERATION SPLENDOR+

New Delhi, May 31, 2024Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has launched the latest generation of the iconic Splendor – the Splendor+XTEC 2.0 – to celebrating the 30th anniversary of the world’s highest-selling motorcycle.Thispremium and tech-laden Splendor keeps its iconic design while integrating modern elements such as LED headlights with HIPL (High Intensity Position Lamp), a unique H-shaped signature tail lamp that givesit a distinctive appearance and multiple convenience & safety features. Showcasing its all-around dominance,the motorcycle boasts excellent fuelefficiency of 73 kmpl.The Splendor+ XTEC 2.0 includes a digital speedometer with Eco-indicator for better fuel efficiency, RTMI (Real Time Mileage indicator), Bluetooth co...
India’s GDP grows at 7.8% in Q4FY24
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India’s GDP grows at 7.8% in Q4FY24

New Delhi, May 31, 2024.India's gross domestic product (GDP) for the fourth quarter of the current financial year grew by 7.8% year-on-year, according to data released by the Ministry of Statistics and Programme Implementation on Thursday.This is better than what most economists had predicted. In the same period last year, GDP growth was 6.1%, and in the previous quarter, it was 8.4%.The Reserve Bank of India (RBI) had forecasted a 6.9% growth in real GDP for Q4FY24, with a full-year projection of 7.6%.It may be noted that the Real Gross Value Added or GVA has been estimated to grow at 6.3% in the final quarter of FY24.The country's real GDP for FY24 is estimated to be 8.2%, compared to 7% in FY23."Real GDP has been estimated to grow by 8.2% in FY 2023-24 as compare...
Bajaj Finserv Direct launches Technology Services hub in UAE
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Bajaj Finserv Direct launches Technology Services hub in UAE

Dubai, May 31, 2024.Bajaj Finserv Direct, a subsidiary of Bajaj Finserv, on Friday announced the launch of its Technology Services business hub at the Dubai International Financial Centre (DIFC) here as part of its foray into the Middle East market.The Technology Services division, Bajaj Technology Services in the UAE, will cater to the larger regional market.Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv said, “Given our strong track-record of building tech-driven businesses, Bajaj Finserv is well poised to be at the forefront of digital transformation in financial services.
Tata Group firms executing over 100 GenAI projects: N Chandrasekaran
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Tata Group firms executing over 100 GenAI projects: N Chandrasekaran

Mumbai, May 31, 2024.Tata group chairman N Chandrasekaran on Friday said companies in the diversified group are executing over 100 generative artificial intelligence projects.AI can also have negative impacts, Chandrasekaran said, flagging potential job losses and privacy concerns as the areas we need to focus on.Addressing the group's information technology (IT) services arm TCS' 29th annual general meeting here, Chandrasekaran said all the projects have benefitted the group and that GenAI will have a significant impact on nearly every sector in the country in future.
Wipro 3D and ISRO Jointly Pave the Way for Sustainable Space Exploration Through Additive Manufacturing
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Wipro 3D and ISRO Jointly Pave the Way for Sustainable Space Exploration Through Additive Manufacturing

Bangalore, May 31, 2024.Wipro 3D, in collaboration with the Indian Space Research Organisation (ISRO), celebrates a pathbreaking achievement in space technology with the successful manufacturing of the PS4 3D-printed rocket engine powering the 4th stage of Polar Satellite Launch Vehicle (PSLV). Dr. V Narayanan, Distinguished Scientist and Director of Liquid Propulsion Systems Centre (LPSC), ISRO lauded the accomplishment during his recent visit to the Wipro 3D's facility.The Polar Satellite Launch Vehicle (PSLV) is an expendable launch system designed to place earth observation and Scientific satellites into precise orbits enabling multiple applications like remote sensing, oceanography, cartography, mineral mapping, disaster warning etc. To ensure accurate orbital placem...
Reliance unveils Jio Finance app
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Reliance unveils Jio Finance app

Jaipur,May 31, 2024.Jio Financial Services Limited has unveiled the beta version of its JioFinance app. On the app, users will get services like digital banking, UPI transaction, bill payment and insurance advisory.At the same time, Mukesh Ambani-led Reliance Industries Limited (RIL), Tata Group and Adar Poonawala's Serum Institute of India (SII) have been included in the list of the world's most influential companies by America's famous company Time Magazine.
RBI moves 1 lakh kg of gold from UK to its vaults in India
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RBI moves 1 lakh kg of gold from UK to its vaults in India

New Delhi, May 31, 2024.The Reserve Bank of India (RBI) has moved approximately 100 tonnes (1 lakh kilograms) of gold from the United Kingdom to its vaults in India, Business Today reported, quoting sources.This is the first time since 1991 that India has undertaken such a large-scale transfer of gold reserves.More than half of the RBI’s gold reserves are held overseas in secure custody with the Bank of England and the Bank of International Settlements, while approximately a third is stored domestically.It may be noted that the move is expected to help the RBI save on storage costs currently paid to the Bank of England.The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024, an increase from the 794.63 tonnes held at the...
NSE launches India’s first electric vehicle index
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NSE launches India’s first electric vehicle index

New Delhi, May 31, 2024.NSE’s index services subsidiary, NSE Indices Limited, on Thursday launched the country's first electric vehicle (EV) index.The new thematic index is called the Nifty EV & New Age Automotive Index, and will track the performance of companies that are part of the electric vehicle (EV) ecosystem or are involved in developing new-age automotive vehicles or related technology."The new index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds, and structured products," said NSE.The base date for the index is April 2, 2018, and its base value is 1000. The index will be reconstituted semi-annually and rebalanced on a quarterly basis.Mukesh Agar...
Federal Bank and Tata AIA Life Insurance Announce Strategic Bancassurance Partnership
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Federal Bank and Tata AIA Life Insurance Announce Strategic Bancassurance Partnership

Mumbai,May 31, 2024.Federal Bank, a prominent private sector bank in India, announced a Bancassurance tie-up with Tata AIA Life Insurance Co Ltd, one of India's leading life insurance companies. This strategic alliance aims to provide Federal Bank's customers, access to Tata AIA Life's comprehensive insurance product suite.Federal Bank has an extensive network, which will enable Tata AIA to further strengthen its footprint. Both the entities focus on technology enabled, consumer centric business model, adding to the synergies of the partnership.For Federal Bank customers, the partnership will enable them to benefit from Tata AIA's diverse, consumer centric life insurance solutions, including term insurance, savings and wealth creation plans, retirement,...
IDFC First Bank to issue shares worth Rs 3,200 cr via preferential issue
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IDFC First Bank to issue shares worth Rs 3,200 cr via preferential issue

Jaipur, May 30, 2024.IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bankis seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 overFY23. The Bank also sees significant upcoming opportunities for loan growth with high asset quality.The overall asset quality of the Bank continues to be good, with GNPA of 1.88% and NNPA of 0.60%as of March 31, 2024. In the retail, rural and sme finance book, the Gross and Net NPA continues tobe quite low at 1.38% and 0.44% respectively as of March 31, 2024.The Bank is also well positioned in terms of experience, team, technology, systems, riskmanagement and controls, to take advantage of the growth opportunities in a stable manner. Thebusine...
Join the Celebration: Special Deals at 300+ Nationwide outlets – One Bite Closer to your Dreams
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Join the Celebration: Special Deals at 300+ Nationwide outlets – One Bite Closer to your Dreams

New Delhi, May 30, 2024.ONE BITE is one of the fastest-growing fast-food restaurant chains in India, renowned for its diverse menu, alluring ambience, and groundbreaking franchise opportunities. With 300+ outlets nationwide, ONE BITE empowers individuals to realize their entrepreneurial dreams through its innovative franchise model, offering attractive investment options and significant returns.In the Fast-Paced world of Fast Food Franchises, achieving significant milestones is not a small feat. However One Bite, a prominent brand in the Indian fast food industry, has recently marked a remarkable achievement by expanding its footprint to over 300+ Franchise outlets nationwide. We have covered 26 States of Indian Territories and leading to a widespread presence i...
Timex Group India Ltd Reports Double Digit Growth for Q4
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Timex Group India Ltd Reports Double Digit Growth for Q4

New Delhi, May 30, 2024.Timex Group India Ltd, part of the iconic watchmaker celebrating glorious 170 years of skillfully crafting watches, declared its earnings for the quarter ended March 24. Backed by sound strategic initiatives, the company reported a robust revenue growth of 11% and an impressive growth of 69% in profit before tax for the March quarter.Q4 FY23-24 Channel Performance •  E-commerce continues to be a strong contributor to the Company’s revenue. The channel saw a growth of 67% over the same period last year.•  On the back of rising consumer affinity for premium segments, the luxury business continued its momentum with 48% growth vs the previous year’s same quarter.Q4 FY23-24 Brand Performance •  The luxury brand Versace, on...
Truecaller surpasses 400 million active users
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Truecaller surpasses 400 million active users

Bengluru, May 30. 2024.Truecaller, the leading global platform for verifying contacts and blocking unwanted communication is proud to announce the very significant milestone of 400 million users monthly. Truecaller continues to grow rapidly in many different geographic markets and has since 31 March this year grown with 10.1 million users.“Reaching 400 million active users each month is something we are, of course, very proud of, but at the same time, we know that the need for a solution like Truecaller is significantly greater. The problem of unwanted communication, spam, and fraud over the phone is unfortunately only growing for both individuals and businesses. New technology and increased opportunities for fraudsters to make money are driving this development. We continue to dev...
Adani Group plans e-commerce, payments ventures
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Adani Group plans e-commerce, payments ventures

New Delhi, May 28, 2024.India’s Adani Group has been considering an application for a licence to operate on the country’s public digital payments network and is in talks with banks to finalise plans for a co-branded credit card, the Financial Times reported on Tuesday.The plans to dial up consumer businesses came as billionaire Gautam Adani’s ports-to-power conglomerate mulled spending $84 billion in infrastructure over the next decade.If approved, the group will enter India’s burgeoning digital payments market and compete with incumbents Google Pay and Walmart-backed PhonePe.
iOS 18 will be all about customisation options in iPhone
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iOS 18 will be all about customisation options in iPhone

New Delhi, May 28, 2024.Apple is gearing up for its developer conference WWDC 2024 next month, and one of the big highlights of the event will be iOS 18. The new OS update for iPhones is said to bring the biggest revamp in iOS history, with a range of customisation options, AI, smarter Siri, and a lot more to offer iPhone users greater flexibility than ever before.Let's take a detailed look at everything we are expecting from the upcoming iOS 18 software upgrade.According to Bloomberg's Mark Gurman, the upcoming iOS 18 will introduce a range of customisation options, including the option to change the colour of app icons, providing users with the freedom to curate their home screens to suit their preferences. This feature will provide iPhone users with more options for personal...
LIC Q4 net profit rises 2 pc to Rs 13,763 crore
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LIC Q4 net profit rises 2 pc to Rs 13,763 crore

New Delhi, May 28, 2024.Insurance behemoth LIC on Monday posted a marginal 2 per cent increase in net profit at Rs 13,763 crore in the fourth quarter ended March 2024 as the corporation made provisions for wage hike.The insurer had earned a profit of Rs 13,428 crore in the corresponding quarter a year earlier.The total income of the insurer during the reporting quarter rose to Rs 2,50,923 crore from Rs 2,00,185 crore in the same period of the preceding fiscal, LIC said in a regulatory filing.
Dish TV Q4 net loss widens to Rs 1,990 cr, revenue declines 19 pc to Rs 407 cr
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Dish TV Q4 net loss widens to Rs 1,990 cr, revenue declines 19 pc to Rs 407 cr

New Delhi, May 28, 2024.Direct-to-home broadcast service provider Dish TV India on Monday said its consolidated net loss widened to Rs 1,989.69 crore in March 2024 quarter due to impairment of investments in OTT business Watcho as well as property, plant and equipment.The company had reported a net loss of Rs 1,710.62 crore in the January-March quarter a year ago, according to a regulatory filing.Its revenue from operations was down 19.38 per cent to Rs 406.95 crore during the quarter under review as against Rs 504.82 crore in the corresponding quarter.
Shriram Finance FD Now Available on Bajaj Markets; Earn High Interest Returns
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Shriram Finance FD Now Available on Bajaj Markets; Earn High Interest Returns

New Delhi, May 28, 2024.Bajaj Markets, a digital financial marketplace, has partnered with Shriram Finance to offer high-yielding Fixed Deposits (FDs) online. This partnership aims to provide customers a secure investment option, offering interest rates of up to 9.40% p.a. The Shriram Finance Fixed Deposit caters to a diverse range of investors, including senior citizens and women, offering additional benefits to maximise their returns. Senior citizens can earn 0.50% p.a. higher interest compared to non-senior citizens.One can enjoy the following benefits of investing in this FD:•  Additional interest of 0.10% p.a. for women•  0.25% p.a. increase in interest rate upon renewal•  Flexible tenors ranging between 12...
Thermo Fisher Scientific launches ‘Make in India’ Air Quality Monitoring Systems to support India’s clean air initiatives
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Thermo Fisher Scientific launches ‘Make in India’ Air Quality Monitoring Systems to support India’s clean air initiatives

Pune, May 28, 2024.Thermo Fisher Scientific, the world leader in serving science, has announced the commencement of manufacturing of Air Quality Monitoring System (AQMS) analyzers in India. The analyzers will be engineered, manufactured and validated at Thermo Fisher’s facility at Nasik, Maharashtra. Thermo Fisher has been supporting leading players in cement, metals, mining, oil and gas, power, chemicals and other industries in India with these analyzers, manufactured at its facilities in the USA and China. The analyzers are then assembled into Make in India Class 1 Continuous Ambient Air Quality Monitoring Station (CAAQMS) at its Pune facility.By now manufacturing these analyzers in India, Thermo Fisher has further fortified its commitment to India’s localization and env...
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