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Audi India introduces 10-year Roadside Assistance

12Oct

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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...

Quantum AMC launches Quantum Small Cap Fund

12Oct

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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- ...

Toyota Kirloskar Motor Showcases Its Special-purpose Hiluxat the East Tech (2023

10Oct

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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 ...

Costa Coffee Continues to Brew Success; Celebrates the opening of its 150th Store in New Delhi

10Oct

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Business News, Feature, Food and Beverages

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...

NLC India wins 810 MW grid-connected solar power project in Rajasthan

9Oct

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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

Tea exports fall in first seven months of 2023

9Oct

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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.

GST Council to discuss on apportioning, renaming compensation cess beyond March 2026

9Oct

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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 ...

Malabar Gold & Diamonds Wins Two Prestigious Awards in Jewellery Sector

9Oct

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Business News, Feature

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...

HERO MOTOCORP RECEIVES 13,688 BOOKINGS FOR KARIZMA XMR

5Oct

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Automobile News, Business News, Feature, National News

HERO MOTOCORP RECEIVES 13,688 BOOKINGS FOR KARIZMA XMR

New Delhi, October 05,2023Riding 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...

MobiKwik reports profitable growth in Q2 FY24; Strong H1 performance in line with FY24 goals

5Oct

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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...

Coca-Cola India Launches 100% Recycled PET Bottles in the Carbonated Beverage Category

5Oct

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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...

Diesel partners with King to unveil its exclusive range of Vert watches designed in virtual reality

4Oct

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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...

Flipkart’s Annual Flagship Event, ‘The Big Billion Days’ will also be on Cleartrip

4Oct

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Flipkart’s Annual Flagship Event, ‘The Big Billion Days’ will also be on Cleartrip

Bengaluru, 04 October 2023. With the festive season around the corner, Cleartrip, a Flipkart company, is gearing up for one of the biggest travel extravaganza of the year by bringing Flipkart’s flagship event, ‘The Big Billion Days’ (TBBD) on its platform from 8 to 15 October 2023 (Sale starts early on Cleartrip on 7 October 2023). Curated to create value and affordability for customers, this year’s TBBD will bring to customers, never-seen-before offers across its lines of businesses on Cleartrip.This year’s edition of Flipkart’s TBBD will see the addition of exciting features across its categories. Cleartrip has recently undergone a significant overhaul of its user experience across its platform. This transformation was driven by a commitment to an exceptional customer ...

Audi India registers robust growth of 88% in the first nine months of 2023

4Oct

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Audi India registers robust growth of 88% in the first nine months of 2023

Mumbai, October 04, 2023.Audi, the German luxury car manufacturer, today announced it has retailed 5,530 units registering a growth of 88% in the first nine months of this year. The launch of the new Audi Q8 e-tron, Audi Q8 Sportback e-tron, Audi Q3 and Audi Q3 Sportback coupled with continued demand for the Audi A4, Audi A6, Audi Q5 and the top-of-the-line cars Audi Q7, Audi Q8, Audi A8 L, Audi S5 Sportback, Audi RS5 Sportback, Audi RS Q8, Audi e-tron GT and Audi RS e-tron GT, has led to positive growth. The SUV range has grown by a staggering 187% and the Performance and Lifestyle cars including The e-tron range has witnessed a 42% growth in the same period.Mr. Balbir Singh Dhillon, Head of Audi India said, “Audi India retailed 5,530 units witnessing a stro...

Karan Rathore Assumes Role as Chairman of Services Export Promotion Council (SEPC)

4Oct

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Karan Rathore Assumes Role as Chairman of Services Export Promotion Council (SEPC)

New Delhi, 04 October, 2023.Mr Karan Rathore, an entrepreneur from the Hospitality sector takes over as Chairman of the Services Export Promotion Council, a set up by Ministry of Commerce and Industry Govt of India. He served SEPC as Vice Chairman since September 2021.SEPC as a nodal organisation for Services Export Promotion has been playing a very significant role in enhancing India’s services export. SEPC’s major role entails providing trade intelligence, creating an enabling business environment, and policy inputs and carrying out events and activities related to export development and export promotion.Having over 25 years of experience, Mr. Karan Rathore, Director of a group of Umaid Hotels and Resorts in Jaipur, is an alumnus and now serving as a member on the board ofthe...

Amazon Great Indian Festival: Motorola Announces Limited Festive Period Discounts on Its razr series Flip Phones

4Oct

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Business News, Feature

Amazon Great Indian Festival: Motorola Announces Limited Festive Period Discounts on Its razr series Flip Phones

New Delhi, October 04, 2023.Motorola, India’s best 5G smartphones brand is all set to kick off the festive season with a grand curtain raiser for the Amazon Great Indian Festival. The shopping extravaganza promises to be better than ever before with exclusive deals and offers on the razr series along with its all-new mesmerizing blue finish adding a touch of elegance and style to the motorola razr 40 ultra, making them even more desirable for consumers who have a penchant for foldable form factor. The sleek and vibrant blue hue adds a touch of sophistication and highlights the phone's premium craftsmanship.Demonstrating exceptional popularity and unwavering consumer interest, Motorola has announced impressive limited-period festive discounted pricing along with enticing offers...

Ananya Panday goes Global with Jimmy Choo’s much-awaited Diwali collection

4Oct

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Ananya Panday goes Global with Jimmy Choo’s much-awaited Diwali collection

Mumbai. October 04, 2023.Bollywood’s dynamic actress Ananya Panday, takes her fashion prowess to the global stage becoming the face of Jimmy Choo's much-awaited Diwali Collection. After Deepika Padukone and Alia Bhatt, Ananya Panday has been signed for a global campaign. The news has created a lot of excitement amongst fashion enthusiasts and Bollywood fans alike. The collaboration with the elite brand marks her significant foray into the international fashion arena.Being the youngest to represent, this collaboration with the iconic fashion brand not only marks a personal achievement for Ananya but also symbolizes the global appeal of Indian fashion. Commenting on this achievement, Ananya Panday says, “It’s a surreal feeling altogether to be associated with such an elite...

HARLEY-DAVIDSON X440 DELIVERIES TO COMMENCE FROM 15TH OCT, 2023-

3Oct

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HARLEY-DAVIDSON X440 DELIVERIES TO COMMENCE FROM 15TH OCT, 2023-

New Delhi, October 03, 2023Bringing a lot of excitement for customers in the upcoming festive season, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, is set to commence deliveries of its first co-developed premium motorcycle Harley-Davidson X440 on the auspicious first day of the Navratri festival, i.e., 15th October 2023.Harley-Davidson X440is currently being manufactured at Hero MotoCorp’s manufacturing facility – called the Garden Factory - at Neemrana in the northern Indian state of Rajasthan. The Company has been organising test rides for pre-booked customers since 1st September 2023.The new booking window will open from 16thOctober, and customers can book the new Harley-Davidson X440 at all Harley-Davidson dealerships and select Hero MotoCorp...

CHUPPS and ICC Join Forces to Launch Exclusive Open Footwear Collection for the ICC Men’s Cricket World Cup 2023

3Oct

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Business News, Fashion & Lifestyle, Feature

CHUPPS and ICC Join Forces to Launch Exclusive Open Footwear Collection for the ICC Men’s Cricket World Cup 2023

Mumbai, October 03, 2023. CHUPPS, a leader in Indian open footwear, is thrilled to announce its ground-breaking collaboration with the International Cricket Council (ICC) for the highly anticipated Men's Cricket World Cup 2023 in the capacity of an Official Licensee. This exciting partnership brings together the worlds of sports and fashion to create an exclusive open footwear collection that embodies both style and performance.The collaboration between CHUPPS and ICC showcases a shared commitment to innovation, quality, and excellence. As the official licensee of the ICC Men's Cricket World Cup 2023, CHUPPS will design and produce a range of open footwear that not only captures the spirit of cricket but also offers unparalleled comfort and style for players and fans alik...

Tata Motors registered total sales of 2,43,024 units in Q2 FY24

2Oct

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Tata Motors registered total sales of 2,43,024 units in Q2 FY24

Mumbai, October 02, 2023.Tata Motors Limited sales in the domestic & international market for Q2 FY 2023-24 stood at 2,43,024 vehicles, compared to 2,43,387 units during Q2 FY 2022-23.Domestic Sales Performance:CategorySep'23Sep'22%ChangeQ2 FY24Q2 FY23% ChangeTotal Domestic Sales82,02380,6332%2,37,1282,36,0900%Commercial Vehicles:CategorySep'23Sep'22%ChangeQ2FY24Q2 FY23% ChangeHCV Trucks12,8678,88945%30,36924,22725%ILMCV Trucks6,3776,2382%16,48316,730-1%Passenger Carriers3,3442,28746%10,6228,04032%SCV cargo and pickup14,62615,565-6%41,70444,768-7%Total CV Domestic37,21432,97913%99,17893,7656%CV IB1,8501,911-3%4,9076,771-28%Total CV39,06434,89012%1,04,0851,00,5364%MH&ICV including trucks and buses: Domestic sales of MH&ICV in Sep 2023, was 18,577 units vs...

30Sep

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4th TIOL Tax Congress

New Delhi, 30th September, 2023.India’s pioneering Forum for deliberations on hot-button taxation, trade and state finance issues – ‘TIOL Tax Congress 2023’ will discuss a large spectrum of burning issues which pain and hurt the industry and trade today and also those which may pop up during the Amrit Kaal. Prominent experts would take a dive into the failing health of States finances; impact of GST on new age digital economy including online gaming and fintech; second-generation reforms in GST; impact of Customs and free trade agreements on global supply chain; faceless regime in income tax and global tax trends on 4th October in New Delhi. This one-day Congress will have 5 technical sessions - ‘Taxation of New Age Digital Industry’, ‘State of State Finances’, ‘GST- Second Ge...

HERO MOTOCORP TO REVISE PRICES OF SELECT MOTORCYCLES & SCOOTERS FROM OCTOBER 3, 2023

29Sep

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Automobile News, Business News, Feature

HERO MOTOCORP TO REVISE PRICES OF SELECT MOTORCYCLES & SCOOTERS FROM OCTOBER 3, 2023

New Delhi, September 29, 2023Hero MotoCorp will make a marginalrevision in the ex-showroom prices of select motorcyclesand scooters, effective from October 3, 2023.The price increase will be around 1% and the exact quantum of increase will vary by specific models and markets.The price revision is part of our regular review of product competitiveness and positioning, factoring inflation, margins and market share.