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Tata Motors Q1 Results: Auto major posts Rs 3,203 cr profit on JLR push; revenue jumps 42%
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Tata Motors Q1 Results: Auto major posts Rs 3,203 cr profit on JLR push; revenue jumps 42%

New Delhi, July 25, 2023.Tata Motors Ltd. (TML) announced its results for quarter ending June 30, 2023.  Consolidated(₹ Cr Ind AS)Jaguar Land Rover(£m, IFRS)Tata Commercial Vehicles(₹Cr, Ind AS)Tata Passenger Vehicles(₹ Cr, Ind AS)FY24Vs. PYFY24Vs. PYFY24Vs. PYFY24Vs. PYQ1 FY24Revenue102,23642.1 %6,90357.0 %16,9914.4%   12,83911.1%   EBITDA (%)14.4700 bps16.3960 bps9.4390 bps5.3(80) bpsEBIT (%)8.1880 bps8.61,300 bps6.5 370 bps1.010 bpsPBT (bei)5,330₹10,292 crs435£959m937₹635 crs186₹172 crsTata Motors Consolidated:TML continued its strong performance in Q1 FY24 with Revenues at ₹102.2K Cr (up 42% yoy), EBITDA at ₹14.7K Cr (up 177% yoy) and EBIT of ₹8.3KCr (higher by ₹8.8KCr), all showing a sharp improvement driven by JLR and CV bu...
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Coca-Cola India announces the appointment of Ajay Vijay Bathija as Vice President, Franchise Operations for Southwest Asia
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Coca-Cola India announces the appointment of Ajay Vijay Bathija as Vice President, Franchise Operations for Southwest Asia

New Delhi, 25 July, 2023.Coca-Cola India announced the appointment of Ajay Vijay Bathija, as Vice President of Franchise Operations for Southwest Asia (SWA). Ajay's extensive career journey with The Coca-Cola Company spans nearly 24 years and encompasses a distinct combination of marketing and franchise expertise.                                      In 1999, Ajay embarked on his professional journey with the Hindustan Coca-Cola BeveragesPvt. Ltd. (HCCBPL)Front Line Sales team and demonstrated consistent growth steadily advancing across different roles and positions within the organisation. He was the Region Manager for the Mekong Delta Region at SabCo Vietnam, in 2005. In this pivotal role, he ledsales operations and route-to-marketstrategies to drive volumes.He returned to In...
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IBM Report: Average cost of a data breach in India touched INR 179 million in 2023
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IBM Report: Average cost of a data breach in India touched INR 179 million in 2023

Bengaluru, July 25, 2023.IBM (NYSE: IBM) Security today released its annual Cost of a Data Breach Report,[1]showingthe average cost of a data breach in India reached INR 179 million in 2023 – an all-time high for the report and almost a 28% increase since 2020. Detection and escalation costs jumped 45% over this same time frame, representing the highest portion of breach costs, and indicating a shift towards more complex breach investigations.At nearly 22%, the most common attack typein India was phishing, followed by stolen or compromised credentials (16%).Social engineering was the costliest root cause of breaches at INR 191 million,followed bymalicious insider threats, which amounted to approximately INR 188 million.According to the 2023 IBM report, globally b...
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JLR India achieves highest ever Q1 sales with 102% YoY growth
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JLR India achieves highest ever Q1 sales with 102% YoY growth

Mumbai, 24th July 2023.JLR India today reported its best ever Q1 sales performance with a growth of 102%, retailing a total of 1048 units, in the first quarter of FY24 compared to the same period last year. This performance was enabled bya phenomenal growth of 209% in Range Rover, Range Rover Sport and Defender sales. The three models continue to see sustained demand, contributing 78% of the current order book.Mr. Rajan Amba, Managing Director, JLR India, said, “JLR India has delivered record sales in Q1 FY24 with our volumes doubling as compared to that in Q1 FY23. This performance is testament to the exceptional equity of the JLR brands and our class-leading collection of modern luxury vehicles. Backed by the growing demand among our discerning clients, our order book remains str...
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Tata Motors inaugurates state-of-the-art registered vehicle scrapping facility in Bhubaneswar
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Tata Motors inaugurates state-of-the-art registered vehicle scrapping facility in Bhubaneswar

Bhubaneswar, July, 2023.Tata Motors, India’s leading automobile manufacturer, continues its commitment to sustainable mobility with the launch of its second Registered Vehicle Scrapping Facility (RVSF) in Bhubaneswar, Odisha. Named ‘Re.Wi.Re - Recycle with Respect’, this advanced facility was inaugurated by Smt Tukuni Sahu, Hon'ble Minister of Water Resources, Commerce & Transport, Government of Odisha. The event was graced by delegates from the Odisha Government and Tata Motors. The state-of-the-art facility uses environmentally friendly processes and has the capacity to disassemble 10,000 end-of-life vehicles safely and sustainably each year. The RVSF is developed and operated by Tata Motors’ partner Empreo Premium to scrap end-of-life passenger and commercial vehicles of all bra...
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Kotak Mahindra Bank Announces Q1 FY2023-24 Results
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Kotak Mahindra Bank Announces Q1 FY2023-24 Results

Mumbai, 22nd July, 2023.The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the unaudited standalone and consolidated results for the quarter ended June 30, 2023, at the Board meeting held in Mumbai, today.Kotak Mahindra Bank standalone resultsThe Bank’s PAT for Q1FY24 stood at ₹3,452 crore, up 67% YoY from ₹ 2,071 crore in Q1FY23.Net Interest Income (NII) for Q1FY24 increased to ₹ 6,234 crore, from ₹ 4,697 crore in Q1FY23, up 33% YoY. Net Interest Margin (NIM) was 5.57% for Q1FY24.Fees and services for Q1FY24 increased to ₹ 1,827 crore from ₹ 1,528 crore in Q1FY23, up 20% YoY.Operating profit for Q1FY24 was ₹ 4,950crore, up 78% YoY (Q1FY23: ₹ 2,783 crore).Customers as at June30, 2023 were 43.5 mn (34.5mn as at June 30, 2022).Advances (incl. ...
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Tata Motors today announced the launch of two new variants in the Altroz line up, the XM and XM(S)
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Tata Motors today announced the launch of two new variants in the Altroz line up, the XM and XM(S)

New Delhi, July 20,2023.Tata Motors today announced the launch of two new variants in the Altroz line up, the XM and XM(S), priced attractively at INR 6.90 lakhs and INR 7.35 lakhs, respectively (ex-showroom, Delhi). The introduction of high-end features in these variants including the electric sunroof in XM(S) makes Altroz the most affordable premium hatchback to be offered with a sunroof.The XM and XM(S) variant will be positioned in between the Altroz XE and the XM+, thereby broadening the appeal of this best-selling premium hatchback. These variants will only be available in the 1.2 L Revotron petrol engine with manual transmission.
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Coal Ministry bags “Best Engagement” Award for Procurement through GeM Portal
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Coal Ministry bags “Best Engagement” Award for Procurement through GeM Portal

New Delhi, July 20,2023Coal Ministry has successfully set new benchmarks in the e-procurement ecosystem, creating a level playing field for stakeholders and fostering fair competition. The Ministry has performed consistently well on GeM platform for two financial years in a row.During the financial year 2023-24, the Coal Public Sector Undertakings (PSUs) have demonstrated unwavering confidence in GeM by publishing bids worth Rs. 21,500 crore. This enthusiastic participation showcases the Ministry of Coal's commitment to promoting a digital-first approach and its proactive role in spearheading the adoption of advanced technologies for the benefit of all stakeholders.  Coal Ministry was recently awarded for its achievements on e- procurement through GeM by Ministry of Commerce. ...
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Startup20 & Jagriti Foundation unite to launch ‘Global Yatra’, promoting inclusive entrepreneurship across the globe
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Startup20 & Jagriti Foundation unite to launch ‘Global Yatra’, promoting inclusive entrepreneurship across the globe

New Delhi, July 20, 2023.Startup20 Engagement Group, under India's G20 presidency, has taken another transformative leap towards revolutionizing entrepreneurship across India by collaborating with Jagriti Foundation, a renowned non-profit organization dedicated to fostering robust entrepreneurship ecosystems in Tier 2/3 cities in India. This strategic partnership is poised to reshape the region's entrepreneurial landscape significantly.The Jagriti-Startup20-G20 Yatra 2023 - a one-of-a-kind event that embodies the spirit of inclusive entrepreneurship, cross-border collaboration, sustainability, and innovation on both a national and international scale was launched today at the premises of Atal Innovation Mission NITI Aayog.It is set to be one of the world’s largest entrepreneurs...
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Bookings open for the New Range Rover Velar in India
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Bookings open for the New Range Rover Velar in India

Mumbai, July 2023.Bookings for the New Range Rover Velar have been opened in India. The New Range Rover Velar is available in Dynamic HSE with two powertrain options - the 2.0 l petrol engine delivering a power of 184 kW and 365 Nm torque and a 2.0 l Ingenium diesel engine delivering a power of 150 kW and 420 Nm torque.Rajan Amba, Managing Director, JLR India, said: “The New Range Rover Velar is a pure expression of trademark Range Rover refinement, featuring the latest technology and a dramatic, clean and reductive new design. Defined by perfectly optimised proportions, the Range Rover Velar embodies sophisticated elegance with a dramatic presence, which makes it that much more intriguing and desirable to our discerning clients.”Reductive DesignThe Range Rover Velar f...
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BLS E-Services integrates UMANG into its digital platform 
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BLS E-Services integrates UMANG into its digital platform 

New Delhi, July, 2023.BLS E-Services Limited, a subsidiary of BLS International Service Ltd is pleased to announce the successful integration of UMANG (Unified Mobile Application for New-age Governance) Services into its digital platform, offering convenient access to over 500 e-governance services.This strategic collaboration with the National e-Governance Division (NeGD) aims to ensure widespread accessibility of UMANG services to citizens, facilitated through agents or human-assisted platforms. BLS E-Services Limited's platform will now provide a seamless channel for citizens across India and overseas to avail major state and central e-governance services in multiple regional languages.BLS E-Services is leading the way in revolutionizing governance, citizen services, and ban...
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Nippon Paint India announces launch of INFINITY Automatic Tinting System
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Nippon Paint India announces launch of INFINITY Automatic Tinting System

New Delhi, July 2023.The Wood Art business of Nippon Paint India has announced launch of best in class “INFINITY Automatic Tinting System”, offering unlimited colours and product solutions for the rapidly growing Interior Furniture Coating market in India.Nippon Paint’s INFINITY's Automatic Tinting System represents a significant leap forward in the realm of interior furniture coatings. By combining Japanese cutting-edge technology with world class materials, this system empowers users to effortlessly create stunning finishes on furniture surfaces while saving time, reducing waste, and ensuring longevity.One of the key features of INFINITY coatings is the ability to create a seamless, smooth, and luxurious finish on any surface. These coatings can be applied over wood...
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HERO MOTOCORP STRENGTHENS ITS ‘XTREME’ PORTFOLIO INTRODUCES THE NEW POWERFUL XTREME 200S 4 VALVE
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HERO MOTOCORP STRENGTHENS ITS ‘XTREME’ PORTFOLIO INTRODUCES THE NEW POWERFUL XTREME 200S 4 VALVE

New Delhi, July18, 2023.In keeping with its sharp focus on the premium segment, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today augmented its premium portfolio with yet another powerful addition. Close on the heels of the launch of Hero Xtreme 160R 4V, the company has introduced the new Xtreme 200S 4 Valve.The new Xtreme 200S 4V adds a thrilling new chapter in the successful journey of the highly popular brand, Xtreme. With this, the company is charged-up to grow its appeal among the youth across the world with its redefined X-range of premium motorcycles.New Hero Xtreme 200S 4V offers power-packed riding dynamics, sporty character combined with supreme safety and everyday practicality. Thrilling design along with precise edges invokes the mot...
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Rajasthan tourism will witness unprecedented growth; Karan Rathore Vice Chairman SEPC
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Rajasthan tourism will witness unprecedented growth; Karan Rathore Vice Chairman SEPC

Jaipur, July 2023.The third edition of Rajasthan Domestic Travel Mart was jointly organized by the Department of Tourism and the Federation of Hospitality and Tourism in Rajasthan (FHTR) is a magnificent step to support the growth our tourism and Hospitality sector post-pandemic. The event was held in Jaipur, from July 14 to 16.The year 2022 witnessed around 10.87 crore tourists in Rajasthan as compared to 2.20 crore in 2021. This massive increase in inbound tourism is a great win for the tourism and hospitality sector in Rajasthan. The mart was inaugurated by the Hon’ble Minister for Tourism Shri Vishvendra Singh at Rajasthan International Centre.Speaking on responsible tourism and the need to adopt sustainable outlook on tourism, Mr Karan Rathore, Vice Chairman, SEPC shared “...
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Vareyn Solar participates in the 3rd Rajasthan Domestic Travel Mart
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Vareyn Solar participates in the 3rd Rajasthan Domestic Travel Mart

Jaipur, July 2023.Vareyn Solar, India’s leading turn-key solar EPC company recently participated in the third edition of Rajasthan Domestic Travel Mart jointly organized by the Department of Tourism and the Federation of Hospitality and Tourism in Rajasthan (FHTR). The event was held in Jaipur, from July 14 to 16.Inaugurated by The Hon’ble Minister for Tourism Shri Vishvendra Singh at Rajasthan International Centre, the event aims to promote Rajasthan as the most favourable tourist destination at the national level.This year the theme of the Mart was Sustainable Tourism and Vareyn Solar participated in RDTM as one of the pioneers working in clean energy in India.Vareyn Solar believes there is huge potential in hospitality sector for solar sector growth in Rajasthan.The mart hos...
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Toyota Mobility Foundation and WRI India Release Study that Offers Key Insights into Metro Usage Patterns across India
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Toyota Mobility Foundation and WRI India Release Study that Offers Key Insights into Metro Usage Patterns across India

New Delhi, July  2023.Toyota Mobility Foundation (TMF) and WRI India today launched a working paper that offers new insights into the way commuters acces sand utilize the metro, and its implications on last-mile services. The paper ‘Improving Metro Access in India: Evidence from Three Cities, ’was launched as part of Connect Karo 2023, a flagship knowledge event, organized by WRI India, that showcases research-based, solution-centric initiatives, geared towards sustainable development in India.The paper presented key findings and recommendations based on extensive research across three metro cities – Nagpur, Delhi and Bengaluru.The study's findings reveal how poor access to metro stations impacts the use of the metro rail system in India. This shows that despite significant in...
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Castrol reveals new campaign #BadhteRahoAage—fueling truckers’ journey to progress
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Castrol reveals new campaign #BadhteRahoAage—fueling truckers’ journey to progress

Mumbai, July 2023.Castrol, India’s leading lubricant player, unveiled a new marketing campaign,#BadhteRahoAage, focusing on the opportunity of remarkable progress and success of truckers who prefer Castrol CRB TURBOMAX. The campaign, developed in collaboration with Ogilvy marks a significant milestone for Castrol in reinforcing its commitment to the progress and success of truckers.Commercial vehicles and truck drivers serve as the backbone of the Indian transportation and logistics industry. Truck drivers tirelessly navigate highways, delivering essential products that power various sectors, thereby connecting businesses, industries, and communities. Castrol's #BadhteRahoAage campaign recognises the importance of truckers and aims to empower them with superior engine protection, e...
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DSP Mutual Fund launches DSPS&P BSE Sensex ETF, DSP Nifty Private Bank ETF & DSP Nifty PSU Bank ETF
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DSP Mutual Fund launches DSPS&P BSE Sensex ETF, DSP Nifty Private Bank ETF & DSP Nifty PSU Bank ETF

Mumbai, July, 2023.DSP Mutual Fund announced the launch of three open-ended exchange traded funds (ETFs) DSP S&P BSE Sensex ETF, DSP Nifty Private Bank ETF and DSP Nifty PSU Bank ETF.DSP S&P BSE Sensex ETFreplicates/tracks the S&P BSE Sensex Index and offers investors the opportunity to invest in the Indian markets – one of the fastest growing economies with conducive economic and capex conditions. DSP Nifty Private Bank ETF replicates/tracks the Nifty Private Bank Index,offering investors a long-term structural growth story in Indian Private Sector Banks. DSP Nifty PSU Bank ETF replicates/tracks the Nifty PSU Bank Index and offers investors a tactical bet on a revival in PSU Banks. The S&P BSE Sensex Index closely tracks earnings over the long term and the inde...
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Hindustan Coca-Cola Beverages renews the MoU with the Govt. of Telangana for skilling 10,000 more college students
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Hindustan Coca-Cola Beverages renews the MoU with the Govt. of Telangana for skilling 10,000 more college students

Hyderabad, 17 July 2023.Hindustan Coca-Cola Beverages (HCCB), one of India’s leading FMCG companies, has announced the renewal of its MoU with the Department of Industries & Commerce, Government of Telangana, to upskill an additional 10,000 college students by 2023-24.Earlier, HCCB and the Govt of Telangana, together trained a total of 10196 students in the state to date in the first year of their partnership in 2022.HCCB and the Govt. of Telangana announced the extension of this initiative in the presence ofMr. Ch Malla Reddy, Hon'ble Minister for Labour and Employment, Factories, Skill Development, Govt of Telangana; Dr. Jayesh Ranjan, IAS, Principal Secretary, Industries & Commerce, IT, E&C;Mr. Shrikant Sinha, CEO,Telangana Academy for Skill and Knowledge (TASK); Mr....
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Tata Motors launches high-performance, technologically advancedrange of gensets
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Tata Motors launches high-performance, technologically advancedrange of gensets

Mumbai, July, 2023.Tata Motors, India’s leading automobile company, has launched the new-generation, cutting edge range of gensets in India. Backed by the reliable and technologically advanced CPCB IV+ (Central Pollution Control Board IV+) compliant Tata Motors engines, the high-performance gensets are available in 25kVA to 125kVA configurations. The new range of Tata Motors Gensets are more fuel efficient and come with strong block loading capability, which  provides lower operating costs and uninterrupted power delivery for businesses. Designed, developed and tested at Tata Motors' top-notch R&D facility, Tata Motors engines that power these gensets are perfectly suited for diverse applications.Commenting on the launch, Mr. R Ramakrishnan, Senior Vice President, Spa...
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PM Mega Integrated Textile Region and Apparel Park would further strengthen the rapid progress of Maharashtra: Union Textiles Minister Piyush Goyal
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PM Mega Integrated Textile Region and Apparel Park would further strengthen the rapid progress of Maharashtra: Union Textiles Minister Piyush Goyal

New Delhi, July 2023.Union Minister of Textiles, Commerce & Industry, Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal congratulated the state of Maharashtra for being awarded the prestigious Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park in Amravati. While addressing the launch ceremony of PM MITRA Textile Park, Amravati today, the Minister emphasized that the addition of PM MITRA Park would further strengthen the rapid progress of Maharashtra. Shri Piyush Goyal said that given Maharashtra's significant contributions across the entire textile value chain, from Farm to Fiber to Factory to Fashion to Foreign, it is a natural choice for a textile park.Shri Goyal further highlighted that the well-connected infrastructure of Amravat...
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International Financial Services Centres Authority inks MoU with BITS Pilani PIEDS Finxcelerator
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International Financial Services Centres Authority inks MoU with BITS Pilani PIEDS Finxcelerator

New Delhi, July 14, 2023.International Financial Services Centers Authority (IFSCA) and PIEDS BITS Pilani, have today signed a MoU at BITS Pilani  PIEDS Finxcelerator, Pilani Campus in RajasthanThis MoU aims to put in place a framework for cooperation and understanding between IFSCA and BITS Pilani PIEDS Finxcelerator to collaborate in supporting and facilitating FinTech and TechFin entities.The IFSCA is responsible for development and regulation of international financial services, including that of insurance sector, in the IFSC, which is treated as a separate international financial jurisdiction, distinct from rest of India. IFSCA aims to develop a strong global connect and focus on the needs of the Indian economy as well as to serve as an international financial platfor...
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Procurement of 26 Rafale jets for Navy approved
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Procurement of 26 Rafale jets for Navy approved

New Delhi, July 13, 2023.The defence ministry on Thursday approved the proposed procurement of 26 Naval variant of Rafale jets from France, people familiar with the development said.The project was cleared by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh on a day Prime Minister Narendra Modi begins a two-day visit to Paris.The DAC, which is the defence ministry's highest decision making body on procurement, also cleared a proposal for construction of three more Scorpene submarines in India.
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