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IDFC First Bank Q2 Results: Net profit jumps 35% YoY to Rs 751 crore
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IDFC First Bank Q2 Results: Net profit jumps 35% YoY to Rs 751 crore

Jaipur, October 2023.IDFC First Bank reported a net profit of Rs 751 crore for the quarter ended September 30 which was up 35% year-on-year versus Rs 556 crore reported by the company in the corresponding quarter of the previous financial year.The standalone core operating profit grew 38% YOY from Rs 1,052 crore in Q2FY23 to Rs 1,456 crore for Q2FY24. The net interest income (NII) grew 32% YoY from Rs 3,002 crore in Q2FY23 to Rs 3,950 crore in Q2FY24.The net interest margin was 6.32% in Q2FY24 as compared to 5.83% in Q2FY23 and 6.33% in Q1FY24.The fee and other income grew by 46% YoY from Rs 945 crore in Q2FY23 to Rs 1,376 crore in Q2FY24. The retail fees constitute 93% of the overall fees for the quarter Q2FY24.The consolidated net profit was up over 2% quarter on quar...
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India Mobile Congress 2023  forum witnessed 620 use-cases across Technology & Telecom, Govt and Startups Sector
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India Mobile Congress 2023  forum witnessed 620 use-cases across Technology & Telecom, Govt and Startups Sector

New Delhi, October 2023.Over 1.5 lakh record number of participants from 67 countries participated in the 7th Edition of Indian Mobile Congress (IMC) 2023, the largest telecom, media and technology forum in Asia, jointly organized by the Department of Telecommunications (DoT) and the Cellular Operators Association of India (COAI). The 3-day exhibition-cum-forum held from October 27-29 under the theme of Global Digital Innovation was inaugurated by Hon’ble Prime Minister Shri Narendra Modi in the presence of Shri Ashwani Vaishnav, Union Minister for Communications and Shri Devusinh Chauhan. It was also attended by industry stalwarts Shri Akash M Ambani, Chairman of Reliance Jio Infocomm Ltd, Shri Sunil Bharti Mittal, Chairman of Bharti Enterprises and Shri Kumar Mangalam Birla, Chairman...
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India 5G rollout fastest in world but revenues not picked up: COAI DG
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India 5G rollout fastest in world but revenues not picked up: COAI DG

New Delhi, October 30, 2023.Rollout of 5G network in India has been the fastest in the world but revenue has not picked up as apps that are generating 80 per cent of the traffic are not paying for the network, a top official of the telecom industry body COAI said.While speaking with PTI at India Mobile Congress, Cellular Operators Association of India (COAI) Director General S P Kochhar said telecom players do not want to burden consumers but someone has to bear the cost of investment being made in the network."The 5G rollout has been very good. It has set world records with the fastest 5G rollout. But having said that, I'm a little constrained to say that the revenues for the telecom industry have not picked up," Kochhar said.
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Telecom Industry Talent demand-supply gap to jump to 3.8 times by 2030, says TSSC – Draup Report
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Telecom Industry Talent demand-supply gap to jump to 3.8 times by 2030, says TSSC – Draup Report

New Delhi, October 2023.The Telecom Sector Skill Council (TSSC), India's premier skill development institution for the telecom sector today launched the report “Telecom Talent in 5G Era: Demand Supply Skill Gap Report 2023-24”,in association with Draup, charting out the job opportunities in the Indian telecom sector, the demand supply gap, convergence of telecom with the technology sector, and the potential of talent in India across various job roles.The report was launched at the panel ‘Unlocking the power of Telecom: Skilling for a Connected World’ at India Mobile Congress with Industry leaders like Atul Kumar Tiwari, MSDE; Dr. Nirmaljeet Singh Kalsi, NCVET; Pankaj Mohindroo, ICEA; Priyanka Anand, Ericsson;Carsten S. Schröder, DADB and Arvind Bali, CEO, Telecom Sector Skill Council.T...
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OPTIEMUS INFRACOM ANNOUNCES ITS FORAY INTO DRONE  MANUFACTURING FOR INDIA AND GLOBAL MARKETS
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OPTIEMUS INFRACOM ANNOUNCES ITS FORAY INTO DRONE  MANUFACTURING FOR INDIA AND GLOBAL MARKETS

New Delhi, October 27th, 2023.Optiemus Infracom Limited (OIL), one of India’s leading electronics and telecommunications manufacturing companies, announced its foray into Unmanned Systems with the launch of technologically-sophisticated, high-precision drones that have been designed and manufactured in India.The diverse range of drones have been showcased at the India Mobile Congress 2023. The products showcased by Optiemus Infracom carry cutting-edge technology, including advanced sensors, secure communication systems, and stringent safety protocols.Optiemus Infracom will be investing ₹250 Million in Optiemus Unmanned Systems (OUS) – a new division of the company.The company ...
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Reserve Bank of India grants in-principle authorisation to ‘Zaakpay’ to act as online payment aggregator
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Reserve Bank of India grants in-principle authorisation to ‘Zaakpay’ to act as online payment aggregator

Gurugram, October 26, 2023.Zaakpay, a reliable and secure payment gateway arm of MobiKwik, has received in-principle authorisation from the Reserve Bank of India (RBI)to operate as a payment aggregator. RBI’s in-principle authorisation will enable Zaakpay to onboard new merchants onto its platformfor quick and easy processing of online payments.Zaakpay operates and works with leading brands across sectors such ase-commerce, mobility,bill Payments and more. Zaakpay is a trusted payment gateway partner for multiple merchants and offers 100+ different payment methods across UPI, Debit andCredit cards, Net Banking, and mobile wallets options.Zaakpay offers multiple levels of encryption, system-level firewalls and aims to abide by all PAPG compliancessuch as PCI DSS, PA DSS, Tokenis...
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Kotak Mahindra Bank partners with National E-Governance Services Limited to issue electronic Bank Guarantee
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Kotak Mahindra Bank partners with National E-Governance Services Limited to issue electronic Bank Guarantee

Mumbai, October 2023.Kotak Mahindra Bank Limited (KMBL/Kotak) today announced that it has partnered with National E-Governance Services Limited (NeSL) to issue its first electronic Bank Guarantee (e-BG) on the latter’s platform.The tie-up enables the digitisation of Trade, thus helping eliminate paper-based issuance of Bank Guarantees. The digitisation includes issuance, amendment, closure, digital stamping and signing, significantly reducing the Guarantee turnaround time (TAT) to a few hours compared to 2-3 working days for the paper-based process. The e-BG also mitigates the authentication risks.Paritosh Kashyap, President & Head Wholesale Banking, Kotak Mahindra Bank said, “Kotak Mahindra Bank has been at the forefront of providing our customers convenience and ease of b...
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Federal Bank opens7 New Branches on its Founders’ Day
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Federal Bank opens7 New Branches on its Founders’ Day

Sri Ganganagar, October 2023.Federal Bank opened a new branch in Sri Ganganagar- Rajasthan, among 6 other new branches across different regions in India as part of its Founders’ Day celebrations. Other branch location includesDelhi, Karnataka, Maharashtra, Telangana and Madhya Pradesh. These strategic expansions are part of the Bank's commitment to providing enhanced financial services to serve its customers better in diverse regions across the country and fostering economic growth in the communities. The new branches will offer a comprehensive range of banking products and services, including personal banking, business banking, loans, savings and current accounts, investment solutions, and much more. Federal Bank's dedicated team of experienced professionals will be avai...
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Tech Mahindra Q2’24 Revenue Rs 12,864 crores
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Tech Mahindra Q2’24 Revenue Rs 12,864 crores

Mumbai, October 26 2023.Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarterended September 30th, 2023.Financial highlights for the quarter (USD)Financial highlights for the quarter (₹)₹ 12,864 crores; down 2.2% QoQ, down 2.0% YoY₹ 1,072 crores; down 19.9% QoQ, down 46.0% YoY₹ 494 crores; down 28.7% QoQ, down 61.6% YoYOther Highlights                                                           CP ...
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Kotak White Credit Card to present a ‘Perfect’ evening with Ed Sheeran
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Kotak White Credit Card to present a ‘Perfect’ evening with Ed Sheeran

Mumbai, 25th October, 2023.Building on the recent successes of Backstreet Boys’ DNA World Tour– India; Trevor Noah’s Off The Record Tour– India; and WestLife’supcoming The Wild Dreams Tour - India. Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) will present a ‘Perfect’ evening at pop music sensation, Ed Sheeran’s much-awaited ‘+ - = ÷ x’ Mathematics Tour – India.The India leg of this best-selling tour will be the final stop in the Asia Tour and will be held at the Mahalaxmi Racecourse in the heart of Mumbai on March 16th, 2024. The special guest for the show will be singer-songwriter Calum Scott.Kotak White Credit Card is the official sponsor of the show. The bank today announced an exclusive 48-hour access to the pre-sale of the tour’s tickets for Kotak Credit Card customers sta...
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Tata Motors unveils state-of-the-art facilities for development of Hydrogen propulsion technologies
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Tata Motors unveils state-of-the-art facilities for development of Hydrogen propulsion technologies

Pune, October 2023.Tata Motors, India’s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions.The unveilings constitute of engine test cell for development of Hydrogen Internal Combustion Engine and the necessary infrastructure for storage and dispensing of Hydrogen fuel for the Fuel Cell and H2ICE vehicles.These facilities are yet another step forward from the company towards carbon neutrality, while tapping the strong potential of Hydrogen as a clean energy source.Speaking on the occasion, Mr. Girish Wagh, Executive Director, Tata Motors, said, “Tata Motors has been leading the global megatrend of sustainable, connected and safer mobility in India. We believe Hydrogen to be...
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Anushka and Virat’s New Venture ‘Nisarga’
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Anushka and Virat’s New Venture ‘Nisarga’

New Delhi, 23 October 2023.Anushka Sharma and Virat Kohli have announced their first everforay into promoting events and experiences through theirnew venture “Nisarga”. Nisarga will associate with like-minded partners to promote high impact events and IPs. The initiatives will undertake curation of special segments in existing IPs as well as develop and create new platforms.As a first step, Nisarga has tied up withElite Octane, a specialist motorsports and entertainment eventscompany with cult IPs like The Valley Run. As a partner Elite Octane will be instrumental in executing various activities and creating new platform segments, especially in the domains of motorsportsand entertainment.The calendar of events currently comprises of 3 motor sporting events, expos and one music conc...
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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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