Business News

21Aug By editor3No Comments

Business News, Feature, National News

India MedTech Expo 2023 showcases the advancements, innovations, and contributions of the Indian MedTech industry on the global stage

New Delhi, August 2023. Shri Bhagwanth Khuba, Honourable Union Minister of State for Chemicals & Fertilizers, Government of India addressed the valedictory session of the India MedTtech Expo 2023 on 19th August, 2023 at Gandhinagar, Gujarat. In the exhibition, huge range of medical equipment ranging from the state-of-the-art imaging systems to precision surgical instruments, from wearable health monitors to AI-driven diagnostic tools, were on display. Various sessions on themes relevant for the medical device sector during the course of three day Expo. Shri Khuba said that the Expo has enabled us to showcase the advancements, innovations, and contributions of the Indian MedTech industry on the global stage. The Expo witnessed large participation from Global and Indian companies i...

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21Aug By editor3No Comments

Business News, Feature, Rajasthan News, Sports News

POPULAR SHOOTER GAME VALORANT BRINGS ‘TEAM DEATHMATCH’ MODE FOR GAMING ENTHUSIASTS IN JAIPUR

Jaipur, August 2023. The popular free-to-play first-person shooter game, VALORANT, has introduced a new mode called Team Deathmatch to enhance the gaming experience for the growing number of gamers in Jaipur. The new mode allows players to experience the VALORANT gameplay in a fun and engaging way. VALORANT is a leading PC tactical shooting game by Riot Games involving two teams with 5 players in each team. Every player can sign in and play remotely from anywhere in the world. At the beginning of the game, players have the option to choose from a variety of in-game agents, each with their own unique background story from different countries and cultures around the world. In 2022, VALORANT released Agent Harbor, a character hailing from India’s coast. The launch of Harbor was marked b...

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21Aug By editor3No Comments

Automobile News, Business News, Feature, National News

Toyota Kirloskar Motor offers 5 Years of Complimentary Roadside Assistance Program for Superior Customer Convenience

Bangalore, August 2023. Toyota Kirloskar Motor (TKM) takes yet another remarkable step towards enhancing customer satisfaction and providing unparalleled peace of mind with complimentary Roadside Assistance Program for 5 years from the date of purchase of a new vehicle. This pioneering initiative reaffirms Toyota's commitment to ensuring a seamless ownership experience for its valued customers. This RSA package is not just about breakdown support; it aims at providing assurance, convenience, and a sense of security to every Toyota owner. Over the years, customers have been appreciative of not only the products but also Toyota’s world-class Quality, Durability and Reliability (QDR) in service offerings covering timely and unmatched roadside assistance, thereby underlining the company’...

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20Aug By editor3No Comments

Business News, Feature, National News

Barco Appoints Rajeeva Lochan Sharma as Managing Director for India

New Delhi, August 2023. Professional visualisation and collaboration technology leader Barco announced the appointment of Rajeeva Lochan Sharma as the Managing Director (MD) for India.  He succeeded Rajiv Bhalla, who decided to move on from Barco after successfully growing the India footprint for the company over a period of seven years. "With a proven track record of leadership and expertise in the industry and a two-decade stint at Barco, we are confident that Rajeeva will play a pivotal role in steering our company toward greater heights," Ann Desender, Chief Financial Officer, Barco, said in a statement. "His strategic vision and collaborative approach will undoubtedly strengthen our organisation's growth trajectory in India while fostering an even more vibrant and dyn...

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19Aug By editor3No Comments

Business News, Feature, National News

RenewBuy closes US$ 40million, as a part of its Series D fund raise, with Japanese insurance major, Dai-ichi Life Holdings Inc.

New Delhi, August  2023. InsurTech major, RenewBuy has closed US$ 40 million fund raise, in a series D funding round; from Japanese insurance major, Dai-ichi Life Holdings Inc. This round is part of the company’s on-going Series D fund raise, which is attracting interest from several other marquee investors and is expected to close soon. RenewBuy’s pioneering technology is used by 1,00,000 plus insurance advisors across life, health and motor insurance; where they can compare product features, price and issue policies on the spot, in a transparent and frictionless manner for their consumers. The company works with more than 40 insurers, to deliver a smooth digital experience, and now has more than 5 million consumers. RenewBuy stands out in the market, given its wide-spread dist...

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16Aug By editor3No Comments

Business News, Feature, Food and Beverages

Indulge in the multi-sensory journey of Minute Maid Pulpy Orange with its new TVC

New Delhi, August 2023. Minute Maid Pulpy Orange, the Coca-Cola Company’s fruit juice brand, is excited to announce the launch of its latest television commercial "How do you pulp it?". The brand is an ultimate orange indulgence with its unmatched fusion of real orange juice and zesty orange pulp. The film showcases multiple ways of consuming pulpy orange such as Gulp it, Slurp it and Chew it while savouring the delightful abundance of pulp. The TVC highlights its intrinsic credentials of containing real orange pulp that adds texture and enhances the overall drinking experience. With every sip, consumers can enjoy the delightful sensation of the pulpy goodness, creating a unique and satisfying mouthful experience. Conceptualised by Ogilvy, the TVCshowcases multiple ways in which Minu...

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14Aug By editor3No Comments

Automobile News, Business News, Feature

Toyota Kirloskar Motor Launches the All New Toyota Rumion – The Prestigious Family Car with an MPV Lineage

Bengaluru, August 2023. Marking Toyota’s entry into the B-MPV segment, All New Toyota Rumion presents a prestigious and convenient option for families seeking comfort, convenience, reliability and peace-of-mind. This backed by top performance and excellent fuel efficiency aptly caters to the evolving needs of customers in the compact MPV segment. At the heart of the All New Toyota Rumion lies the powerful K series 1.5-litre Petrol engine with Neo Drive (ISG) technology and E-CNG technology which promises to be responsive and bring joy to driving. The cutting-edge K-series engine is expected to offer an excellent fuel efficiency of 20.51 km/l for Petrol variant and 26.11 km/kg for CNG variant. The All New Toyota Rumion will be available in six variants of S MT/AT, G MT, and V MT/AT, S...

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12Aug By editor3No Comments

Automobile News, Business News, Feature

Tata Motors EV family is now 1 Lakh strong

Mumbai, 12th August 2023. Tata Motors, India’s leading automobile manufacturer and the pioneer of the EV revolution in India, today announced the achievement of an outstanding milestone of 1 Lakh Tata EVs.This momentous journey underscores Tata Motors' unwavering commitment to driving positive change and contributing to a sustainable future for India.Over the last three years, Tata Motors has had an extraordinary journey of leading the EV revolution in India. The journey from its first 10K to 1 Lakh EVs has constantly moved ahead with a narrowing gap,with the last 50K being achieved in just 9 months. To mark this special occasion, Tata Motors lit the skies with a spectacular drone show, showcasing its journey of a dream manifesting into reality. Commenting on this very special occasi...

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11Aug By editor3No Comments

Automobile News, Business News

HERO MOTOCORP REPORTS REVENUE OF Rs. 8,767 CRORE IN Q1 FY’24

New Delhi, August 2023. Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, today reported its financial performance for the first quarter (April-June 2023) of the FY’ 2024. The company's Revenue from Operations for the quarter stood at Rs. 8,767 Crore, (vs Rs. 8,393 Crore) and Total Income of Rs 8,989 Crore (vs Rs 8,446 Crore) Driven by softening of commodity costs, accelerated savings programs, and judicious price increases, EBITDA margin for the quarter stood at 13.8%, reflecting an improvement of 250 bps. The underlying EBITDA margin for ICE Business stands at 14.5%, excluding the impact of EV business. Profit Before Tax and exceptional item for the quarter was at Rs. 1,255 Crore, reflecting a growth of 52% over Rs. 824 Crore reported in...

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10Aug By editor3No Comments

Business News, Feature, National News

MobiKwik becomes the First Indian Fintech to Post Profits

Gurugram, 10th August 2023. MobiKwik, leading digital banking platform, has recorded profitablegrowthinQ1ofFY23-24withanadjustedEBITDAofINR13.6crores-181%increase Y-o-Y. This is the second consecutive quarter when MobiKwik has registered a profitable growth. ThecompanyregisteredINR177croresinrevenuesinQ1FY23-24,agrowthof68%in the corresponding quarter last fiscal and its contribution margin rose by 108% to INR 73.9 crores. MobiKwik becomes the first fintech in the country to post PAT positive in Q1 of FY23-24 at INR 3 crores. InQ4FY2022-23MobiKwikgenerated160croresinrevenue,a38%contributionmarginand recordedanadjustedEBITDAofINR3crores. WithastrongperformanceinFY2022-23.,thecompanyisgearedfora2Xgrowthinthefiscal yeartoanestimatedINR1100coresinFY2023-24.Thecompanyalsoprojects...

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9Aug By editor3No Comments

Automobile News, Business News, Feature

Tata Motors ties up with Kendriya Police KalyanBhandar to offer its range of Passenger Electric Vehicles

Mumbai,09 August, 2023. With the festivities of the Independence Day inching closer,Tata Motors, one of India’s largest automotive manufacturers, is proud tobecome the first EV manufacturer to join hands with the Kendriya Police KalyanBhandar (KPKB), to help Paramilitary Forces, Statepolice personnel and their families across the nation to go.ev. As a part of this coveted association, Tata Motors’EV portfolio consisting of the Tiago.ev, Tigor EV, and theNexon EV PRIMEand MAXwill be available at special rates to allbeneficiaries of the venture. As a measure of welfare for the currently serving and retired personnel of Railway Protection Force (RPF), the Intelligence Bureau (I.B), Special Protection Group (SPG), National Crime Records Bureau (NCRB), National Investigation Agency (NI...

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9Aug By editor3No Comments

Business News, Feature, National News

THREE HERO MOTOCORP BRANDS FEATURED IN THE TOP 10 BEST-SELLING MOTORCYCLESIN THE COUNTRY

New Delhi, August 09, 2023 Iconic motorcycle Passion, from Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has become one of the top-10 best-selling motorcycles in the country. Reiterating the brand’s trust and reliability, Passion is a perfect combination of style, comfort and convenience making it an ideal choice for daily commute. The iconic Splendor – the world’s largest-selling motorcycle brand and HF, both have been among the top five best-selling motorcycles, thereby reaffirming Hero MotoCorp’s market leadership in the 100cc motorcycle category in India. With continued support from customers, Hero Passion has emerged as the third Hero MotoCorp motorcycle to join Hero Splendor and Hero HF in the top ten motorcycles of the country for the two cons...

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8Aug By editor3No Comments

Business News, Feature

Smt. Parminder Chopra, Director (Finance) and CMD (Addl. Charge), PFC Honored with “Finance Leader of the Year” Award

New Delhi, August 2023. Smt. Parminder Chopra, Director (Finance) and CMD (Addl. Charge), has been conferred with the “Finance Leader of the Year" Award. This prestigious accolade was presented during the Felicitation Ceremony of the ‘ETPrime Women Leadership Awards’ (ETPWLA) 2023, held in Mumbai. The "Finance Leader of the Year"award celebrates Smt. Chopra's exceptional contributions to the finance industry, she served as an inspiring role model for aspiring finance professionals. Her outstanding achievements in financial management, strategic decision-making, and driving organisational growth have left an indelible mark on the world of finance. ETPrime Women Leadership Awards, India's most prestigious awards programme for women leaders, honours eminent personalities from India I...

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8Aug By editor3No Comments

Business News, Feature

Danube Properties launches INR 1800 Crore Elitz 3 ProjectAmidst High Demand from Indians

Mumbai, August 08, 2023. Danube Properties, the fastest-growing private real estate developer in the UAE, announces the launch of Elitz 3 at the Jumeirah Village Circle (JVC), with a development value exceeding INR 1800 Crore. The project will be in the same area as Elitz and Elitz 2 towers – which are currently under construction at the JVC – and help meet the growing demand from Indians for quality homes. Danube Properties is also witnessing an increased number of Indians opting for the famous 1% plan, where the monthly payment is set at just one percent per month while the balance payment is collected after the building is ready. Elitz 2 has witnessed over 42% of Indians investing in the project and 100 % of them opting for the one percent plan. “Dubai’s real estate market co...

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8Aug By editor3No Comments

Business News, Feature

Cashfree Payments’ Zecpe rebrands as Ecom360: Empowering D2C businesses with Growth Solutions

New Delhi, August 08, 2023.  Cashfree Payments, India's leading payments and API banking company, has announced the rebranding of its subsidiary, Zecpe, to 'Ecom360'. Ecom360 caters to the end-to-end growth challenges faced by D2C businesses across their customer and product lifecycles. With Ecom360, businesses gain access to a comprehensive set of solutions built to elevate customer shopping experiences, prevent returns, streamline operations, and offer exceptional post-order support. In early 2023, Cashfree Payments acquired Zecpe, a one-click checkout solution which tackled the checkout conversion challenge, a core problem faced by D2C businesses. Keeping to the same mission, Ecom360 will address a broader set of core problems, unlocking value and facilitating exponentia...

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8Aug By editor3No Comments

Automobile News, Business News

HERO MOTOCORP RECEIVES MORE THAN 25,000 BOOKINGS FOR HARLEY-DAVIDSON X440

New Delhi, August 08, 2023 Riding the wave of an overwhelming response, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has received 25,597 bookings for the Harley-Davidson X440, since opening the bookings on the 4th of July, 2023. The booking window has now been closed, and the new booking window will be announced soon.Hero MotoCorp will start production of the Harley-Davidson X440 in September 2023 and commence customer deliveries from October onwards. The introductory ex-showroom prices have now been revised and the revised prices for the Denim, Vivid and S variants will be INR 2,39,500/-, INR 2,59,500/- and INR 2,79,500/- respectively. Mr. Niranjan Gupta, Chief Executive Officer (CEO), Hero MotoCorp, said, “We are delighted with the custome...

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7Aug By editor3No Comments

Automobile News, Business News

Tata Motors joins hands with South Indian Bank, offers exclusive financing program for authorized passenger EV dealers

Mumbai, August 07, 2023. In a bid to make this festive season special, Tata Motors, India’s leading automotive manufacturer, has joined hands with South Indian Bank, one of India’s leading private sector banks, to extend an exclusive Electric Vehicle Dealer Financing Program and offering comprehensive retail financing solutions to all customers. The MoU for this partnership was signed by Mr. Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales, Tata Motors Passenger Vehicles Ltd.and Mr. Praveen Joy, Head, Transaction Banking Group, South Indian Bank. Commenting on the partnership, Mr. Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales, Tata Motors Passenger Vehicles Ltd.said, “Driving EV adoption in India is an integral...

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7Aug By editor3No Comments

Business News, Feature

TECNO to Unveil Its Latest POVA 5 Series at the Upcoming World of TECNOlogy Event

New Delhi, August 07, 2023. TECNO as a brand has always delivered in line with its vision of being at the forefront of technology and innovation. In further alignment with this vision, the brand is all set to present the first season of its key annual property, World of TECNOlogy. The 3-day event is aimed at showcasing the best-in-class technology offered by the brand across product lines and portfolios. The tech showcase event will be commencing on 11th August 2023 at DLF Avenue, New Delhi, being open to all consumers till 13th August. The event will allow an immersive experience into TECNO’s prominent products, driving awareness of the diverse product portfolio and strengthening the credibility and relatability with the brand. The brand has been aggressive this year by introducing Pha...

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7Aug By editor3No Comments

Business News, Feature, Food and Beverages

McDonald’s India Launches India’s First Airport Drive-Thru Restaurant in Mumbai

Mumbai, August 2023. McDonald’s India (West & South) has launched the nation’s first-ever Airport Drive-Thru Restaurant in Mumbai. Strategically located just 100 meters from Terminal 2 (T2) of the Chhatrapati Shivaji Maharaj International Airport (CSMIA), this is also the first McDonald’s restaurant in Mumbai to operate 24x7. This Experience of the Future (EOTF) restaurant is all set to provide quality food, convenience, and quick service to travelers and locals alike.  With this path-breaking initiative, McDonald’s India further strengthens its position as an industry leader and innovator. The Airport Drive-Thru Restaurant will cater to thousands of travelers in T2, airport staff, and local residents, meeting their demands for quick and delicious meals at any time of the da...

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7Aug By editor3No Comments

Business News, Feature

Reliance seeks shareholder nod to appoint Ambani as head for another 5 years at nil salary

New Delhi, August 2023. Reliance Industries Ltd, India's most valuable company, has sought shareholder's approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 -- a period during which he has opted to draw nil salary. Ambani, 66, will cross the company law-mandated 70 years age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar. In a special resolution, Reliance sought the nod of shareholders to appoint Ambani as the head of the company till April 2029.

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4Aug By editor3No Comments

Automobile News, Business News

With no compromise on boot space, Tata Motors revolutionizes the CNG market with its refreshed iCNG portfolio

Mumbai, 04 August 2023. Riding on the success of its twin cylinder technology, Tata Motors, India’s leading automobile manufacturer, today brought joy to its CNG customers by not only refreshing its existing CNG line up with the upgraded Tiago and Tigor iCNG but also launching the brand new Punch iCNG with this revolutionary technology. The twin-cylinder technology that debuted withthe Altroz iCNG in May this year, has received an astounding response for the disruption it has created in the segment – enabling CNG vehicles to provide their customers with a non-compromised boot space, best-in-class features and a superior drive experience. Commenting on the launch, Mr. Vinay Pant, Head-Marketing, Tata Motors Passenger Vehicles Ltd., said:“Building further on our success with the Altroz...

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4Aug By editor3No Comments

Business News

Gold remains flat; silver falls Rs 100

Jaipur, August 04, 2023. Gold price remained flat at Rs 60,100 per 10 gram in the national capital on Friday, according to HDFC Securities. However, silver fell by Rs 100 to Rs 74,900 per kilogram. In the global market, gold was flat at USD 1,934 per ounce while silver was down at USD 23.47 per ounce.

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4Aug By editor3No Comments

Business News

Markets halt 3-day losing run; Sensex, Nifty settle nearly 1 pc higher

Mumbai, August 04, 2023. Equity benchmark indices Sensex and Nifty snapped their three-session losing streak to close nearly 1 per cent higher on Friday, buoyed by gains in HDFC Bank, Reliance Industries and Infosys amid a largely firm trend in global markets. After three days of decline, the 30-share BSE Sensex climbed 480.57 points or 0.74 per cent to settle at 65,721.25. During the day, it jumped 558.59 points or 0.85 per cent to 65,799.27. The NSE Nifty advanced 135.35 points or 0.70 per cent to end at 19,517.

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