Tuesday, July 1

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Samsung India Announces ‘AI-Powered Freedom’ Sale with Exciting Independence Day Deals on its Premium AI TV Range

Gurugram, 06 August 2024.Samsung, India’s largest consumer electronics brand, has announcedattractive Independence Day offers on its premium AI televisions range. The exciting offers,which enable customers to be empowered by AI TVs, are valid on the Neo 8K, Neo QLED, OLED and Crystal 4K UHD TVs, helping users embrace the world of immersive viewing experiences.The Independence Day deals on Samsung’s AI television series will be valid between August 3 and August 31, 2024, across Samsung.com, online portals and Samsung retail outlets across India.This offer will help consumers embrace the future of television by bringing the ultimate cinematic experience directly into their homes, empowering them to break free from the ordinary and shift to a TV which is not only powered with AI but a...
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Winning Team Sputnik Brain of Samsung ‘Solve for Tomorrow’ 2022 Represents India at the ‘Together for Tomorrow, Enabling People’ Digital Olympic Community for Paris 2024

Gurugram, August 2024.Samsung Electronics, a Worldwide Olympic and Paralympic Smartphone Partner, hosted an event with the International Olympic Committee(IOC) on July 31 in Paris to launch and promote a new digital community for people including the Olympic and Paralympic Games fans called “Together for Tomorrow, Enabling People.”The event was held at SPOT24, a multi-use exhibition space in Paris dedicated to Paris 2024, and was attended by IOC President Thomas Bach, MD of the IOC’s Television & Marketing Services Anne-Sophie Voumard, Paralympic Committee (IPC) President Andrew Parsons, President and Head of Global Marketing Office at Samsung Electronics YH Lee, President of Samsung Electronics Europe Office Il-kyung Sung and Luc Abalo, a former gold-medal-winning French handb...
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Hero MotoCorp and FIH Embark on Global Partnership

New Delhi, August 2024.The International Hockey Federation (FIH) is delighted to announce a new partnership with Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, for a period of five years.With this massively important agreement for hockey’s development, Hero MotoCorp becomesFIH’s Global Leadership Partner, and confirms their strong, long-term engagement with global hockey that has spanned over the past 15 years.This strategic alliance aims to elevate the sport to new heights,drive hockey’s global growth and inspire future generations of hockey enthusiasts worldwide.Dr.Pawan Munjal and Tayyab Ikram met on the side-lines of the ongoing Paris Olympics to discuss the collaboration.Commenting on the agreement, Dr. Pawan Munjal, Executive Chairman...
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Mahindra University Holds Third Annual Convocation, Awards Degrees to 751 Students

Hyderabad, August 2024. Mahindra University held its third annual convocation today at its campus and awarded degrees to 751 students. During the ceremony, students who demonstrated exceptional academic excellence, research accomplishments, and contributions to the community were awarded medals. This year marks the inaugural convocation for students of the Executive MBA programme.The event was presided over by Mr. Anand Mahindra, Chancellor, Mahindra University. Shri.Damodar Rajanarasimha, Hon’ble Minister of Health, Medical and Family Welfare, Science and Technology, Government of Telangana, was the Chief Guest while Smt. Shobana Kamineni, Promoter Director, Apollo Hospitals Enterprise, and Executive Chairperson, Apollo Health and Apollo Pharmacies, was the Guest of Honour. M...
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Toyota Kirloskar Motor Reopens Booking for Innova Hycross ZX& ZX (O) Grades

Bangalore, 2nd August 2024.Toyota Kirloskar Motor (TKM) announced the re-opening of bookings for the Innova Hycross ZX & ZX (O) models, effective 1st August 2024. Since its launch (Nov 2022), the Innova Hycross has received overwhelming customer response, appreciated for its proportions & poise of an SUV with the spaciousness of an MPV. The versatile Innova Hycross, available in both self-charging strong hybrid electric variant [SHEV] as well as gasoline variant, is celebrated for its glamor quotient, advanced technology, comfort, safety features and a thrill to drive.Owing to high demand situation, the bookings for the top end grades were put on hold temporarily. During this period, bookings for other grades of the Innova Hycross, both hybrid and gasoline, continued unabat...
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Tata Punch becomes the fastest to cross 4 Lakh sales milestone among SUVs

Mumbai, August 02, 2024.Tata Motors, India’s leading SUV manufacturer, is thrilled to announce that the Tata Punch has achieved a remarkable milestone, becoming the fastest to cross 4 Lakh sales milestone among SUVs, in just 34 months. Launched in October 2021, the Tata Punch introduced India to the sub compact SUV category. With its tall stance, high ground clearance and commanding driving position, the Punch is a stunning bold SUV that provides an exhilarating driving experience while smoothly navigating the diverse Indian terrains. Demonstrating the same, the Tata Punch emerged as one of the first front-wheel drive SUV to conquer the unpredictable peak of Sandakphu. Manoeuvring its way through the steep gradients, it proved its SUV capability to the world and truly punched above its...
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Tata Steel, Welspun Corp develop hydrogen-compliant grades steel pipes

New Delhi, August 02, 2024.Tata Steel and Welspun Corp have jointly developed hydrogen-compliant grade steel pipes for transportation of the gaseous hydrogen, a statement said on Friday.The development assumes significance as hydrogen transportation is critical for its usage in different sectors."Tata Steel and Welspun Corp achieved the significant milestone of developing hydrogen compliant API X65 grade pipes, which successfully surpassed all necessary critical sour service and fracture qualification tests for transportation of 100 per cent pure gaseous hydrogen under high pressure at RINA, Italy,"
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Business News, Feature, Rajasthan News

CM Bhajanlal Sharma unveils logo for ‘Rising Rajasthan’ investment summit

Jaipur, August 02, 2024.To usher in a new phase of economic development of Rajasthan, Chief Minister Bhajanlal Sharma announced yesterday that his government will host ‘Rising Rajasthan,’ a mega global investment summit, on the 9th, 10th, and 11th of December 2024 in Jaipur with an aim to attract and facilitate global investment, innovation, and associations into the state.He also unveiled the logo of ‘Rising Rajasthan’ and launched a single-point investor interface for easier submissions of the MoUs seeking to make investments in Rajasthan. The logo launch marks the initiation of global branding with roadshows planned in different states and countries to showcase Rajasthan’s investment potential.The single-point investor interface, inaugurated by the Chief Minister, is a platf...
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Zomato shares zoom over 12 pc after strong Q1 results

New Delhi, August 02, 2024.Shares of Zomato zoomed more than 12 per cent on Friday after the food delivery aggregator reported a multi-fold jump in consolidated net profit to Rs 253 crore for the June quarter.The stock of Zomato surged 12.24 per cent to close at Rs 262.74 apiece on the National Stock Exchange (NSE).On the BSE, it climbed 12.11 per cent to settle at Rs 262.45 per piece.
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Textile Industry in India Embraces Solar Power with LONGi Modules

Coimbatore, August 02, 2024.The Indian textile industry, a cornerstone of the nation's economy, is taking a giant leap towards a greener future. A textile manufacturer in Coimbatore, Tamil Nadu has recently installed a solar power plant featuring LONGi's high-efficiency Hi-MO 5 solar modules. The project, carried out by the esteemed EPC firm Viridis Engineering, is already yielding impressive results, generating substantial amounts of clean energy and delivering significant cost savings.The project was commissioned in two phases: 1 MW in May 2023 and 750 kW in February 2024. The plant boasts a remarkable daily generation capacity of 6 units. This translates to a staggering annual saving of ₹1.9 crore on electricity bills for the textile manufacturer. In addition to securing power f...
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Feature, Rajasthan News

L&T Finance Ltd.’s Statement with respect to FIR against its ex-employees in Bhim Police Station, Rajasamand

We understand from news reports that Bhim Police Station, Dist. Rajasamand has registered an FIR against two persons namely,Giriraj Meghwal and Mukesh Kumar under section 376 and 120B of Indian Penal Code.These two persons are not associated with L&T Finance Ltd. and L&T Finance Ltd. had already taken separation actions against them for breach of Company’s internal code of conduct pursuant to an internal investigation. We extend our full co-operation to the police authorities in their ongoing investigation.Our commitment to the highest standards of integrity is unwavering, and we have a zero-tolerance policy for any behavior that compromises the safety and well-being of the society.
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Ayush Ministry will do the Holistic Development of Naturopathy – Prataprao Jadhav

New Delhi, August 01, 2024.A Felicitation Function, in honour of Minister of State for AYUSH (Independent Charge) Shri Pratap Rao, was organized by Surya Foundation and International Naturopathy Organization (INO) at the Constitution Club of India in the country's capital Delhi. The function was inaugurated by Minister of State for AYUSH (Independent Charge) with the lighting of the lamp. In addition, to the delegates of more than 200 yoga naturopathy world, Mr. Bhola Singh ji and Mr. Raju Bishta both Member of Parliament, Mr. Kostubh Karmakar (Ved ji) Vice Chairman  Surya Foundation, Dr. D. N. Sharma and Dr. R. S. Dabas, both National Vice Presidents INO, Mr. Vijay Raj Shinde, former MLA, Buldhana, Maharashtra, Mr. Nand Kishore Agarwal, President and Mr. Mamaraj Agarwal, Balaji N...
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Tata Motors registered total sales of 71,996 units in July 2024

Mumbai, August 01, 2024.Tata Motors Limited sales in the domestic & international market for July 2024 stood at 71,996 vehicles, compared to 80,633 units during July 2023.Domestic Sales Performance:CategoryJuly 2024July 2023% change (Y-o-Y)Total Domestic Sales70,16178,844-11%Commercial Vehicles:CategoryJuly 2024July 2023Growth (Y-o-Y)HCV Trucks6,4938,502-24%ILMCV Trucks4,3414,899-11%Passenger Carriers4,4244,2923%SCV cargo and pickup10,17813,523-25%CV Domestic25,43631,216-19%CV IB1,6061,728-7%Total CV27,04232,944-18%Domestic sale of MH&ICV in July 2024, including trucks and buses, stood at 11,174 units, compared to 13,291 units in July 2023.Total sales for MH&ICV Domestic & International Business in July 2024, including trucks and buses, stood...
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Toyota Kirloskar Motor Continues to Steer Growth with Best Ever Sales of 31,656 Units in July 2024

Bangalore, 01 August 2024. For the second consecutive month, Toyota Kirloskar Motor has outperformed its sales achievement by registering best-ever monthly wholesale of 31,656 units in July 2024. While domestic sales accounted for 29,533 units, exports totalled to 2,123units during the month. This marks a remarkable growth of 44% compared to July 2023, when 21,911 units were sold.In the previous month of June 2024, TKM sold 27,474 units.In the first seven months of CY 2024, TKM sold 1,81,906 units, marking a remarkable 46% increase compared to the same period in CY 2023, which recorded sales of 1,24,282 units.Sales Performance:TimeframeJuly - 2024July - 2023GrowthY-o-Y31,656 units21,911 units44% TimeframeJan - July 2024Jan - July 2023GrowthFirst 7 months o...
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HERO MOTOCORP EXPANDS ITS GLOBAL PRESENCE

New Delhi/ Manila, August 01, 2024Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has commenced operations in the Philippines. This strategic expansion marks a significant milestone in the company’s effortsto strengthen its global presence.Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading and most experienced automotive groups in the Philippines, will serve asthe exclusive assembler and distributor of Hero MotoCorp products& services. The partnership between the two companies was announced in October 2022.Niranjan Gupta, Chief Executive Officer, Hero MotoCorp said, “The commencement of operations in the Philippines will bolster our overall global presence. Hero MotoCorp, with its extensive and in...
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Kotak – GOQii Smart Vital Plus smart watch launched

Mumbai, 01 August, 2024.Kotak Mahindra Bank Ltd (“KMBL” / “Kotak”) has teamed up with GOQii to launch the Kotak - GOQii Smart Vital Plus smartwatch, revolutionizing the way customers make payments. Priced at INR 3499, this innovative wearable device combines contactless payments with health monitoring features. Powered by RuPay On-The-Go, the smartwatch enables seamless transactions up to INR 5000 without requiring a PIN.Launching the product, Rohit Bhasin, Head – Retail Liabilities Product & Chief Marketing Officer, Kotak Mahindra Bank said, “With the rise of digital payments, customers seek fast and cashless payments for frequent, low-value transactions. The Kotak – GOQii Smart Vital Plus smartwatch eliminates the need for cash, cards, or smartphones, enabling secure and seam...
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Demerger of CV business undertaking of Tata Motors Ltd into a separate listed company

Mumbai, August 1, 2024In furtherance to the announcement made on March 4, 2024, the Board of Directors of Tata Motors Limited (TML), today, has approved a Composite Scheme of Arrangement amongst TML, TML Commercial Vehicles Limited (TMLCV), Tata Motors Passenger Vehicles Limited (TMPV) and their respective shareholders under Sections 230-232 and other applicable provisions of the Companies Act, 2013 (“Scheme”).As a part of the Scheme, TML will demerge its Commercial Vehicle undertaking involving the Commercial Vehicle business (all the assets, liabilities and employees relating to the Commercial vehicle business) and all its related investments into TMLCV.Further, pursuant to the Scheme, the existing Passenger Vehicle business in TMPV, will be merged into TML, the existing listed e...
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SBI Mutual Fund launches SBI Innovative Opportunities Fund

Mumbai, July, 2024.SBI Mutual Fund announces the launch of the SBI Innovative Opportunities Fund, an open-ended equity scheme following the innovation theme.The investment objective of the scheme is to provide investors withopportunities for long term capital appreciation by investing in equityand equity related instruments of companies that seeks to benefit from the adoption of innovative strategies & theme. However, there can be no assurance that the investment objective of the Scheme will be realized. The fund’sbenchmark would be the Nifty 500 TRI.Mr. Shamsher Singh, Managing Director& Chief Executive Officer, SBI Funds Management Limited, said,“Today our country is amongst the fastest growing economies in the world and innovation remains a central piece for a Viksit Bha...
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Toyota Kirloskar Motor Signs MOU with Maharashtra for Proposed New Investment

Mumbai, July 2024.Reaffirming a strong commitment to India, Toyota Kirloskar Motor today signed a Memorandum of Understanding (MOU) with the Government of Maharashtra, to examine the setting-up of a Green Field Manufacturing Facility at Chhatrapati Sambhaji Nagar.  Headquartered in Karnataka, TKM already boasts a world-class manufacturing setup with two state-of-the-art units located at Bidadi, well-equipped to contribute and strengthen India’s position in the global automobile landscape.The Memorandum of Understanding with the Government of Maharashtra was exchanged today by Dr.Harshadeep Kamble (IAS), Principal Secretary (Industries), Government of MH and Mr. Sudeep Santram Dalvi, Director & Chief Communications Officer, TKM in the august presence of Mr. Eknath Shinde Ji...
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Samsung Announces ‘India Cheers for Neeraj’ Campaign

Gurugram July 31, 2024.Samsung today announced that itis requesting fans to come forward and send their good wishes for Neeraj Chopra through the ‘India Cheers for Neeraj’ campaign.With the campaign, Samsung India’s aim is to support and empower Neeraj to strive for excellence and push beyond boundaries.To channelize consumer enthusiasm and amplify the collective cheer of the nation, Samsung India has unveiled afilmto bolster support for Neeraj Chopra. Embodying the spirit of resilience and determination of the ace athlete as he fights through multiple challenges, this film highlights how Samsung’s recently-launched Galaxy Z Fold6 smartphone aids his journey.Galaxy Z Fold6 pushes the bar with its powerful Galaxy AI technology, offering unparalleled experiences to consumers. Pow...
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Nexus Select Trust reports strong financial performance with 8% YoY Retail NOI growth

Mumbai, July 2024. Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first listed Retail REIT, reported results today for the first quarter ended June 30, 2024.Business Highlights·  Achieved Retail Net Operating Income of INR 3,719 million (8% YoY growth) in Q1 FY25; in-line with FY25 projections·  Declared distribution of INR 3,253 million or INR 2.147 per unit for Q1 FY25; in-line with FY25 projections. On track to achieve FY25 guidance·  Achieved tenant sales of ~INR 30 billion; witnessed sequential improvement in tenant sales and footfall growth in June·  Strong balance sheet with low LTV of 14%, attractive debt cost at 8.1%, AAA / Stable rating and no near- term large debt maturity·  Signed two term sheets for acquisition of 0.8 million square fee...
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ICH NEXT inks landmark deal with Reliance- backed Fynd to empower its business partnerships in Fashion & Lifestyle with Indigenous Fashion Forecasting

Delhi, 31 July 2024.Creating a new landmark in the Indian fashion and lifestyle market, the country’s first homegrown fashion forecaster ICH NEXT has announced collaboration withReliance-backed Fynd, a former Google-backed multiplatform tech firm enabling the future of retail & technology. As part of the partnership, Fynd gets access to ICH NEXT dashboard that will open all the past, current and future trend reports for the next couple of years. All brands and businesses offline/online in fashion and lifestyle working with Fynd including Reliance Trends, Ajio.com, Ancestry, AvantraBy Trends, Azorte, Youstaetc will be able to leverage insights from ICH NEXT, which is already revamping the Indian fashion & lifestyle space while empowering manufacturers/brands across the count...
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Vice Chairman and CEO JH Han Visits Noida Factory, Signaling Growing Importance of India for Samsung

Gurugram, July 2024.Samsung Electronics Co., Ltd. today announced that Jong-Hee (JH) Han, Vice Chairman, CEO and Head of the Device eXperience (DX) Division at Samsung Electronics, is currently on his second visit to India this year. The trip signals the growing importance of the country for the South Korean giant, and includes Han’s visit to the company’s Noida factory — where Samsung manufactures smartphones, tablets and refrigerators.“India is one of the biggest and fastest-growing markets globally and offers a huge opportunity for Samsung,”said Han. “We were among the first companies to invest in India, and I am happy that the Noida factory has emerged as one of our biggest facilities, manufacturing not only for India, but for the world.”Samsung unveiled its “AI for All” vi...
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