Saturday, December 21

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Business News Jaipur, Jaipur Business News

Kotak Mahindra Bank to Appoint International Banker, Ashok Vaswani as MD & CEO
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Kotak Mahindra Bank to Appoint International Banker, Ashok Vaswani as MD & CEO

Mumbai,21stOctober2023:Kotak Mahindra Bank (‘Kotak’ or ‘the Bank’) today announced that theReserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the Bank’s next Managing Director &Chief Executive Officer (MD & CEO). This is for a period of three years from date of taking charge which shall not be later than January 1, 2024.The appointment is subject to shareholders’ approval. Ashok has a proven track record spanning three and a half decades, initially at Citigroup and more recently, at Barclays, of building and growing global businesses at scale,nurturing winning teams, establishingtransformational partnerships, leveraging forward leaning technology,with a compelling business vision to deliver strong bottom-line growth. He brings with him significant execu...
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Sprite unveils ‘ThandRakh’ brand films during ICC Men’s Cricket World Cup
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Sprite unveils ‘ThandRakh’ brand films during ICC Men’s Cricket World Cup

Jaipur, October 2023. Sprite, the lemon and lime-flavored beverage from the Coca-Cola Company encourages cricket fans to keep their cool during intense moments of matches through a series of brand films on ‘ThandRakh.’ With the ongoing ICC Men's Cricket World Cup, the natural impulse to become caught up in the intensity of the game's heated moments is inevitable. However, Sprite comes to the rescue as the ultimate refreshment to help fans stay cool and composed when the pressure is high. In a series of captivating TV commercials, a group of friends are shown engrossed in the ICC Men's Cricket World Cup. While one of them is fixing the house premises, others are glued to the TV without wanting to miss a single ball. As the match's intensity rises, chaos ensues in the household at the ...
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Surya Roshni launches festival lighting collection this festival season
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Surya Roshni launches festival lighting collection this festival season

Jaipur, October 17, 2023. Surya Roshni is one of India's most well-known and trusted brands for Lighting, Fans, Home Appliances, Steel Pipes and PVC Pipes and has entered its 50th year of business. Surya Roshni, which has established itself as the largest brand of lighting products in India, has been providing the best standards to the industry. It is perhaps the only company in India that has invested heavily in maintaining the excellence in manufacturing lighting products in the last century and is now investing in new power saving technology and production of excellent LED lighting in this century. In the last 7 years, Surya Roshni LED lighting has been successful in saving a huge amount of electricity in the country.  The festive season is about to come. Keeping this in mind,...
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Tata Motors launches new avatars of Safari and Harrier
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Tata Motors launches new avatars of Safari and Harrier

Tata Motors, India’s leading automotive manufacturer, today announced the commencement of bookings for the highly anticipated new Harrier and Safari models. Following the exceptional success of their predecessors, the new Harrier and Safari are poised to redefine the driving experience by integrating cutting-edge technology, unmatched safety features, and a design ethos that exemplifies Tata Motors’ dedication to innovation and excellence. Starting today, customers can book their choice of the twin SUV at all the authorized Tata Motors dealerships or the company’s website at just INR 25,000. Commenting on this occasion, Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said, “We are elated to commence the bookings...
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HERO MOTOCORP SELLS 1,000 HARLEY-DAVIDSON X440 ACROSS 100 DEALERSHIPS
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HERO MOTOCORP SELLS 1,000 HARLEY-DAVIDSON X440 ACROSS 100 DEALERSHIPS

New Delhi, October, 2023. Ushering in the celebrations of the festive season, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, commenced deliveries of Harley-Davidson X440across the country from 15th October. The mega deliveries of Harley-Davidson X440 motorcycles were conducted across 100 dealerships,  including Harley-Davidson and select Hero MotoCorp outlets in different parts of the country. Harley-Davidson X440 is being manufactured at Hero MotoCorp’s manufacturing facility – called the Garden Factory - at Neemrana in the northern Indian state of Rajasthan. Since its unveiling in July 2023, the Harley-Davidson X440has captivated the premium segment customers across India, thereby clocking more than 25,000 bookings within just a month of its...
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Audi India launches Audi S5 Sportback Platinum Edition for the festive season
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Audi India launches Audi S5 Sportback Platinum Edition for the festive season

Mumbai, October, 2023. Audi, the German luxury car manufacturer, today announced the launch of the Audi S5 Sportback Platinum Edition for the festive season. The Audi S5 Sportback Platinum Edition represents a perfect blend of performance, luxury, and exclusivity. This limited-edition model is certain to be loved by Audi enthusiasts and delivers an unparalleled driving experience. Priced at INR 8,157,000, the Audi S5 Sportback Platinum Edition will be offered in two colors - District Green and Mythos Black with limited units on offer.  Mr. Balbir Singh Dhillon, Head of Audi India said, “Celebrations for the festive season have begun and we are happy to introduce the Audi S5 Sportback Platinum Edition that offers an array of additional features and enhancements, designed to ...
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Kotak Launches Festival Bonanza With Offers on Shopping, Fashion, Travel and more
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Kotak Launches Festival Bonanza With Offers on Shopping, Fashion, Travel and more

Mumbai, 14th October, 2023. Kotak Mahindra Bank Limited (“KMBL”/ “Kotak”) today reported that their customers have lapped up offers on their Khushi Ka Season (KKS) program with great enthusiasm. This season, KMBL has offers during Flipkart’s The Big Billion Day sale, one of themost awaited e-commerce sales LIVE across the Flipkart Group including Myntra Big Fashion Festival, one of the biggest online fashion sale; as well as ClearTrip, one of India’s fastest-growing online travel technology companies that also has great deals during The Big Billion Days. The offers are available for Kotak Credit Card as well as Debit Card customers with an option to pay on EMI. Frederick Dsouza, Business Head – Credit Cards, Kotak Mahindra Bank Ltd said, “Kotak is delighted to offer customers a ra...
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Toyota Kirloskar Motor Join Hands with Indian Navy for the ‘Eastern Naval Fleet Drive – The Eastern Arc’, supported by Toyota Kirloskar Motor
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Toyota Kirloskar Motor Join Hands with Indian Navy for the ‘Eastern Naval Fleet Drive – The Eastern Arc’, supported by Toyota Kirloskar Motor

Visakhapatnam, October 2023. Toyota Kirloskar Motor (TKM) announced its participation in the Eastern Naval Fleet Drive 'The Eastern Arc,' organized by the Eastern Command of the Indian Navy Today, the fleet drive started-off to continue over the next 12  days, covering 17 cities and spanning a total distance of approximately 6000 kilometers, along two radial routes and groups, on the East Coast of India. The flag-off ceremony of this important event was held at the Naval Dockyard in Visakhapatnam, in the gracious presence of  Vice Admiral Rajesh Pendharkar, Flag Officer Commanding in Chief Eastern Naval Command, Rear Admiral Gurcharan Singh, Flag Officer Commanding Eastern Fleet alongside the TKM representative, Mr. Atul Sood, Vice President – Sales and Strategic Marketing....
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Max off to an Unbelievable Start with Its New Festive Campaign
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Max off to an Unbelievable Start with Its New Festive Campaign

Mumbai, October 13, 2023. Leading fashion retail brand Max, sparks excitement this festive season with its campaign, "Unbelievable". The all-new film captures the essence of Max Fashion’s promise, maximum style, minimum price, offering latest trends and styles, reinforcing the brand’s commitment to, affordable fashion. The campaign kicks-in today with two clever and whimsical cuts of the film, reinforcing its position as a ‘value’ fashion brand. Pallavi Pandey, Head Marketing, Max Fashion India Spokesperson “At Max, our commitment to celebrate individuality and style knows no boundaries. Our latest film does exactly that… where stunning fashion meets unbelievable prices. This is our core belief, and the two films capture it well with exciting and engaging content....
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TATA Starbucks Sets Sail with First Island Store in Alibaug
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TATA Starbucks Sets Sail with First Island Store in Alibaug

Mumbai, October 13, 2023. TATA Starbucks today announced the opening of its first island store at the picturesque seaside destination, Alibaug. The new customized store format is aimed to introduce Starbucks high-quality Arabica coffees to local customers and meet the demand from global travelers to the city looking for their favorite Starbucks beverage while away from home. With Alibaug turning into a preferred second-home address and weekend getaway for people from Mumbai, the coastal town has seen rapid growth in both infrastructural and economic development. These factors have given rise to the demand for premium beverage and food experiences, creating the opportunity for TATA Starbucks first store in Alibaug. Located at a vantage spot at the M2M Ferry Terminal in Alibaug...
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Audi India introduces 10-year Roadside Assistance 
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Audi India introduces 10-year Roadside Assistance 

Mumbai, October 12, 2023. Audi, the German luxury car manufacturer, today announced a comprehensive, 10-year Roadside Assistance program for customers. This will be applicable to cars sold starting October 01, 2023. The initiative is in line with Audi India’s Human-Centricity strategy that focuses on the customer-first approach.  Mr. Balbir Singh Dhillon, Head of Audi India said, “We are thrilled to introduce the Roadside Assistance Program for 10 years as a testament to Audi India's steadfast assurance to our valued customers. At Audi India, we firmly believe that our relationship with our customers goes beyond offering products and services - it is about creating an experience that is seamless, hassle-free, and comforting throughout the ownership period. With a compliment...
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Quantum AMC launches Quantum Small Cap Fund
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Quantum AMC launches Quantum Small Cap Fund

Mumbai, Thursday, October 12, 2023. Quantum AMC announced the launch of a new fund offer (NFO) with Quantum Small Cap Fund. It opens for subscription on Monday, October 16 and closes on Friday, October 27, 2023. It is an open-ended equity scheme predominantly investing in Small CapStocks. It will be co-managed by Chirag Mehta – Chief Investment Officer and Abhilasha Satale. The scheme will be benchmarked against S&P BSE 250 Small Cap total return index (TRI). Its investment objective is to generate capital appreciation by investing in Small Cap Stocks. The scheme will have a Direct and Regular Plan. The Fund managers will allocate 65%-100% to the equity and equity-related instruments of Small Cap Companies.The Scheme Investment Philosophy include: True to Label Fund- ...
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Toyota Kirloskar Motor Showcases Its Special-purpose Hiluxat the East Tech (2023
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Toyota Kirloskar Motor Showcases Its Special-purpose Hiluxat the East Tech (2023

Guwahati, 10th October 2023. Toyota Kirloskar Motor (TKM) today showcasedtwo special purpose iconic Hilux, modified with the support of an authorised external vendor, at the East Tech 2023 (ET2023), a technology-showcase annual event conducted by the Eastern Command of the Indian Armyin association with Government of Assam. Thisevent aims to promote state-of-the-art indigenous development and production of defence technological capabilities and attain “Atmanirbharta” (self-reliance) in defence sector. Further, this year reflects a bigger leap in reinforcing the Indian army’s endeavours in the areas of Synergy & Research Development and Innovation for modernization of the Indian army. Having conducted comprehensivemarket survey to understand the different mobility requirements of ...
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Costa Coffee Continues to Brew Success; Celebrates the opening of its 150th Store in New Delhi
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Costa Coffee Continues to Brew Success; Celebrates the opening of its 150th Store in New Delhi

New Delhi, October, 2023. Costa Coffee, Coca-Cola’s leading coffee brand in the commercial beverage categories in India,is thrilled to announce the opening of its 150th store in India, in Rajouri Garden, New Delhi. This achievement is a testament to Costa Coffee's unwavering commitment to expanding its presence and delivering exceptional coffee experiences to enthusiasts across the nation. Costa Coffee entered the Indian market in 2005 opening its inaugural café in Connaught Place, New Delhi, the beginning of its journey in India.Last year, in collaboration with Devyani International, Costa Coffee embarked on a significant expansion journey in India, adding approximately 60 stores. Building on this momentum, Costa Coffee aims to strengthen its presence in both existing markets and ne...
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NLC India wins 810 MW grid-connected solar power project in Rajasthan
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NLC India wins 810 MW grid-connected solar power project in Rajasthan

New Delhi, October 09, 2023. State-owned firm NLC India Ltd (NLCIL) on Monday said it has bagged an 810 MW grid-connected solar photovoltaic power project in Rajasthan. The navratna company headquartered in Neyveli, Tamil Nadu bagged the order from Rajasthan Rajya Vidyut Nigam Limited (RRVUNL). "NLCIL has...garnered the entire capacity of the 810 MW tender floated by RRVUNL...for developing the project RRVUNL's 2,000 MW Ultra Mega Solar Park at Pugal Tehsil, Bikaner district, Rajasthan
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Tea exports fall in first seven months of 2023
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Tea exports fall in first seven months of 2023

Kolkata, October 09, 2023. Tea exports from India have fallen marginally by 2.23 per cent during the first seven months of 2023 from January to July at 114.60 million kilogramme, according to the latest Tea Board data. During the same period of 2022, tea exports stood at 117.21 million kilogramme. Exports from North India, comprising primarily the states of Assam and West Bengal, stood at 69.56 million kilogramme in the first seven months of the current calendar year, as compared to 70.56 million kilogramme in the previous similar period.
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GST Council to discuss on apportioning, renaming compensation cess beyond March 2026
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GST Council to discuss on apportioning, renaming compensation cess beyond March 2026

New Delhi, October 09, 2023. The GST Council will decide on the modalities for appropriating the revenue collected by levying compensation cess on luxury, sin and demerit goods beyond March 2026, the deadline to repay loans taken by Centre to compensate states for revenue loss during Covid, an official said. Compensation cess was initially brought in for 5 years to make good the revenue shortfall of states following implementation of the Goods and Services Tax (GST). The compensation cess expired in June 2022, but the amount collected through the levy is being used to repay the interest and principal of the Rs 2.69 lakh crore that the Centre had borrowed during Covid. The GST Council will now have to take a call on the issue of 'GST compensation cess' with regard to its name, and ...
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Malabar Gold & Diamonds Wins Two Prestigious Awards in Jewellery Sector
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Malabar Gold & Diamonds Wins Two Prestigious Awards in Jewellery Sector

Mumbai, October 09, 2023. Malabar Gold & Diamonds, a leading global jewellery retail brand, has bagged two prestigious awards in the jewellery sector. The jeweller has won ‘The Bride’s Pride’ National Jewellery Award 2023, instituted by the All India Gems and Jewellery Domestic Council, for the best bridal diamond jewellery, and ‘Seventh Retail Jewellers Guild Award’ for the best diamond jewellery design. Malabar Gold & Diamonds’ western region head Fanzeem Ahamed received ‘The Bride’s Pride’ award from Bollywood star Shilpa Shetty in Mumbai and northern region head Jishad N.K received the ‘Retail Jewellers Guild Award’ from portfolio director Pankaj Shinde in Delhi. Malabar’s extraordinary management skills, expertise and branding in launching elegant gold and diamond jewell...
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HERO MOTOCORP RECEIVES 13,688 BOOKINGS FOR KARIZMA XMR
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HERO MOTOCORP RECEIVES 13,688 BOOKINGS FOR KARIZMA XMR

New Delhi, October 05,2023 Riding the wave of an overwhelming response for its premium product launches, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has received13,688 bookings for its newly launched flagship motorcycle, Karizma XMR. Dispatches of Karizma XMR to Hero MotoCorp dealerships have already started and customer deliveries will begin in the festive period this month. Hero Karizma XMR was launched atan introductory price of INR 1,72,900/- and the bookings for the initial set of customers commenced on August 29th, 2023 and were closed on September 30th, 2023. The new Karizma XMR will now be available at Rs. 1,79,900/- (ex-showroom Delhi) and the company will announce the new booking window soon. Mr. Ranjivjit Singh, Chief Business Offi...
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MobiKwik reports profitable growth in Q2 FY24; Strong H1 performance in line with FY24 goals
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MobiKwik reports profitable growth in Q2 FY24; Strong H1 performance in line with FY24 goals

Gurugram, October 05, 2023. MobiKwik, India’s leading digital banking platform, released its unaudited Q2FY24 results today with a52% growth in revenues over the corresponding period in FY23 and its second consecutive quarter of PAT profitability. The revenues for the quarter stood at INR 208 crores, a growth of 17% over the previous quarter in the same fiscal, with a PAT of INR 5 crores. With a 58% increase in revenues compared to H1FY23, MobiKwik has scaled its revenues to INR 385 crores with a PAT of INR 8 crores in H1FY24. “Our purpose is to make digital banking services accessible to people across demographics pan-India, and we are seeing positive uptake on our platform. The results are evident with another quarter of sustained revenue growth in line with our vision for th...
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Coca-Cola India Launches 100% Recycled PET Bottles in the Carbonated Beverage Category
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Coca-Cola India Launches 100% Recycled PET Bottles in the Carbonated Beverage Category

New Delhi, October 2023. After being the first company in India to launch a one-litre bottle made from 100% recycled PET (rPET)for its packaged drinking water brand Kinley, Coca-Cola India is taking another meaningful step towards creating a circular economy andhas announced the launch of Coca-Colain rPET in pack sizes of 250 ml and 750 ml. The ser PET bottles are being manufactured byCoca-Cola bottling partners - Moon Beverages Ltd., and SLMG Beverages Ltd.. The rPET bottles expansion showcases Coca-Cola India’stransformative journey towards building a sustainable and greenerfuture for all.The bottles made from 100% food-grade rPET (excluding caps and labels)have an on-pack call to action “Recycle Me Again” message and will also drive consumer awareness with “100% recycled PET bottl...
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Diesel partners with King to unveil its exclusive range of Vert watches designed in virtual reality
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Diesel partners with King to unveil its exclusive range of Vert watches designed in virtual reality

Mumbai, 4th October 2023.  Renowned fashion and lifestyle brand Diesel brought together the worlds of horology and hip-hop this week at a thrilling launch event for their new collection of timepieces. Held at Mumbai’s Jio World Drive, the launch featured India’s leading singer and pop star King, who unveiled Diesel’s Vert Collection alongside the Managing Director of Fossil Group - India, Mr. Johnson Verghese. A first-of-its-kind range of timepieces by Diesel, the Vert Collection has been crafted using a new wave of VR technology that bridges the gap between the physical and digital worlds. The exclusive event was a glamorous affair, attended by a number of prominent influencers and leading press outlets, reaffirming Diesel's status as a trendsetter in the industry. The launch e...
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