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CHAIRMAN ISRO, DR. S. SOMANATH INAUGURATES AMITY-ISRO JOINT WORKSHOP AT AMITY UNIVERSITY BENGALURU
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CHAIRMAN ISRO, DR. S. SOMANATH INAUGURATES AMITY-ISRO JOINT WORKSHOP AT AMITY UNIVERSITY BENGALURU

Bengaluru, May 17, 2024.Indian Space Research Organisation (ISRO) Chairman, Dr. S. Somanath, along with a team of 25 scientists visited Amity University Bengaluru for a joint workshop on Artificial Intelligence, Data Analytics, and Astrobiology.Dr. Prakash Chauhan, Director of the National Remote Sensing Centre, Hyderabad, and Dr. Sudheer Kumar N, Director of Capacity Building & Public Outreach at ISRO, and distinguished scientists from Amity Universities in Bengaluru, Noida, Gurugram, Mumbai, and Raipur attended the event.Founder President of Amity Education Group, Dr. Ashok K. Chauhan shared his vision for Amity to be the No. 1 R&D and Academic Partner of ISRO.Amity's Chancellor, Dr. Aseem Chauhan expressed his gratitude, saying, "We are so privileged an...
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TECNO Unveils Compelling Teaser for the Most Anticipated 2024 Calendar
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TECNO Unveils Compelling Teaser for the Most Anticipated 2024 Calendar

New Delhi, May 17, 2024.TECNO, the most stylish smartphone brand renowned for its innovative approach, is set to ignite excitement with the unveiling of its highly anticipated calendar for 2024. Shot from the upcoming Camon 30 Series, this scintillating calendar promises to be a visual masterpiece that will captivate audiences worldwide.Against the backdrop of sun-kissed beaches, the Camon 30 Series calendar features a tantalizing model shoot that exudes beauty, allure, and sophistication. Each stunning image showcases the exceptional camera capabilities of the Camon 30 Series, capturing every moment with unrivalled clarity, detail, and vibrancy.The aim of this exhilarating calendar is not only to showcase the innovative and stylish TECNO brand but also to immerse viewers ...
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Zydus Reports 97% Growth in Net Profit in FY24
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Zydus Reports 97% Growth in Net Profit in FY24

Ahmedabad,, May 17, 2024.Financial Highlights of full year FY24•  Revenue from operations was Rs. 195,474 mn, up 13% over last year.•  Net Profit was Rs. 38,595 mn, up 97% YoY.•  EBITDA was Rs. 53,843 mn, up 40% YoY. EBITDA margin stood at 27.5%, an improvement of 510 bps over the previous year.•  Research & Development (R&D) investments stood at Rs. 13,096 mn (6.7% of revenues).•  Capex (organic) for the year was Rs. 8,628 mn.Financial Highlights of Q4FY24•  Revenue from operations was Rs. 55,338 mn, up 10% over last year.•  Net Profit for the quarter was Rs. 11,823 mn, up 299% YoY.•  EBITDA for the quarter was Rs. 16,305 mn, up 30% YoY. EBITDA margin for the quarter stood at 29.5%, an improvement of 4...
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Tamil Nadu Leads IndiaSkills 2024 with Highest Number of Participants
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Tamil Nadu Leads IndiaSkills 2024 with Highest Number of Participants

New Delhi, 16th May 2024.The IndiaSkills Competition 2024 witnessed the completion of several test projects of multiple trades – from traditional crafts to cutting-edge technologies – today at Yashobhoomi, Dwarka amid lots of anticipation and enthusiasm. The Ministry of Skill Development and Entrepreneurship (MSDE) organised the country’s biggest skill competition designed to demonstrate the highest standards from 15th May to 19th May 2024. Tamil Nadu witnessed the maximum participation with 86 candidates, followed Odisha (64), Karnataka (61), Punjab (53), and Haryana (47). This year, IndiaSkills is witnessing the participation of around 900 candidates from 30+ states and Union Territories and 400+ industry experts. They are showcasing their diverse skills and talent on a nati...
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SBI raises short-term retail fixed deposit rates by up to 75 bps
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SBI raises short-term retail fixed deposit rates by up to 75 bps

New Delhi, May 16, 2024.The country’s largest lender, State of India (SBI), has increased interest rates on short-term retail fixed deposits (FDs) by 25 to 75 basis points (bps) – a move which is likely to be followed by other banks.This is the first increase in the fixed deposit rates by the bank since December 2023.A fixed deposit is an investment instrument where an amount is deposited with banks for a set period and at a fixed rate of interest. Rates on FDs are important for people, especially senior citizens, who are looking for safe investment options.For retail domestic term deposits (below Rs 2 crore) maturing between 46 to 179 days, the bank has revised upwards the interest rate by 75 bps to 5.5 per cent from 4.75 per cent. Senior citizens will now get an interest ...
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V-Guard Q4 results: V-Guard Industries PAT grows 44.5 pc to Rs 76 crore in March qtr
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V-Guard Q4 results: V-Guard Industries PAT grows 44.5 pc to Rs 76 crore in March qtr

New Delhi, May 16, 2024.Consumer electricals and home appliances maker V-Guard Industries Ltd on Thursday reported a 44.5 per cent increase in consolidated profit after tax at Rs 76.17 crore in the fourth quarter ended March 2024.Kochi, Kerala-based V-Guard's consolidated net profit rose to Rs 76.17 crore ($9.1 million) for the quarter ended March 31 from Rs 52.72 crore a year earlier.Cable and wire manufacturers have seen an uptick in demand, driven by growth in real estate and infrastructure sectors, with additional support from government spending aimed at boosting the economy.V-Guard's revenue rose by 17.9% to Rs 1,343 crore, driven primarily by the company's core electrical segment, which rose 10.7%.The segment accounted for about 43.3% of total revenue during the ...
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ADB approves USD 148 mn loan to improve power supply in Sikkim
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ADB approves USD 148 mn loan to improve power supply in Sikkim

New Delhi, May 16, 2024.Asian Development Bank (ADB) has approved a USD 148.5 million loan to help modernise and enhance the reliability, quality and resilience of electricity supply in Sikkim.This project fully supports Sikkim's Power for All initiative, ensuring round-the-clock uninterrupted access to quality electricity for households, industries, businesses, and the public, ADB said in a statement on Thursday.The project will modernise Sikkim’s power distribution system by upgrading it with approximately 770 kilometres of climate-resilient medium-voltage underground and/or covered conductors, it added.
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Vodafone Idea loss widens to Rs 7,675 cr in Q4
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Vodafone Idea loss widens to Rs 7,675 cr in Q4

New Delhi, May 16, 2024. Telecom operator Vodafone Idea on Thursday reported widening of losses to Rs 7,675 crore in the March quarter amid a rise in interest and financing cost, while its overall subscriber base shrunk.The company claimed that it reported its highest post-merger quarterly EBITDA of Rs 2,180 crore, which grew by 5.4% on a YoY basis.Its 4G subscriber base increased to 12.63 crore versus 12.26 crore in Q4FY23.Annual revenue grew to Rs 42,650 crore in FY24 versus Rs 42,180 crore in FY23, recording an annual growth of 1.1%. Annual EBITDA (pre IndAS116) of Rs 8,400 crore was reported, up from Rs 8,300 crore in FY23. EBITDA margin (pre IndAS116) stood at 19.7%Commenting on the earnings, CEO Akshaya Moondra said the company's annual revenue and EBITDA registered growt...
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Rupee settles 4 paise lower against US dollar
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Rupee settles 4 paise lower against US dollar

Jaipur, May 16, 2024.The rupee stayed range-bound and settled 4 paise lower at 83.50 against the US dollar on Thursday, weighed down by unabated foreign fund outflows amid investors' weak appetite for riskier assets.However, a firm trend in domestic equities supported the local unit and restricted its losses, forex traders said.At the interbank foreign exchange market, the local unit traded in a narrow range. It opened at 83.45 and touched an intraday high of 83.44 and a low of 83.50.
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Reliance Jio submits highest EMD of Rs 3,000 cr for spectrum auction
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Reliance Jio submits highest EMD of Rs 3,000 cr for spectrum auction

New Delhi, May 16, 2024.Reliance Jio has deposited the highest earnest money of Rs 3,000 crore for the upcoming spectrum auction, which gives the company the potential to bid for maximum radiowaves, according to details published by the Department of Telecom on Thursday.According to pre-qualified bidder details released by the DoT, Bharti Airtel has submitted the earnest money deposit (EMD) of Rs 1,050 crore and Vodafone Idea (VIL) of Rs 300 crore.Companies get points based on the EMD amount they have deposited, which enables them to bid for the number of circles and quantity of spectrum they want. Higher points mean a higher capability to place bids.
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Sharmila Tagore and Sara Ali Khan joined a Heartwarming Tribute of Motherhood by YFLO Delhi
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Sharmila Tagore and Sara Ali Khan joined a Heartwarming Tribute of Motherhood by YFLO Delhi

New Delhi, May 16, 2024.The Young FICCI Ladies Organization (YFLO) Delhi hosted a memorable event titled "Celebrating Moms: Embracing the Magic of Motherhood". The event, welcomed members of YFLO Delhi along with their cherished mothers for an inspiring journey celebrating the essence of motherhood. Attendees were treated to an array of heartwarming moments and captivating stories that highlighted the unparalleled bond between mothers and their children.The highlight of the event was the insightful narratives shared by esteemed guests Mrs. Sharmila Tagore and Ms. Sara Ali Khan. Both shared their pathbreaking experiences and celebrated the joys and challenges of motherhood, leaving the audience deeply inspired.Reflecting on the event, Dr. Payal Kanodia, Chairp...
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Bharat Pavilion at The 77th Cannes Film Festival inaugurated
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Bharat Pavilion at The 77th Cannes Film Festival inaugurated

Cannes, May, 2024.In a year that spells magic for Bharat at the 77th Cannes Film Festival, with numerous official selections across sections, The Bharat Pavilion was inaugurated today at the 77th Cannes Film Festival in France.Hosted each year at the prestigious Cannes Film Festival by the Information and Broadcasting Ministry, Government of India, Bharat's participation is spearheaded by the National Film Development Corporation as the nodal agency and FICCI as the industry partner. The pavilion marks India’s continued commitment to showcasing its rich cinematic heritage and fostering international collaborations with the global film fraternity.The grand inauguration ceremony, was led by Secretary, Ministry of Information and Broadcasting, Shri. Sanjay Jaju along with Shri. J...
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Ministry of Development of North Eastern Region Launches Swachhata Pakhwada
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Ministry of Development of North Eastern Region Launches Swachhata Pakhwada

New Delhi, May 16, 2024.The Ministry of Development of North Eastern Region (MDoNER) has taken a significant step towards promoting cleanliness and environmental sustainability with the launch of Swachhata Pakhwada. The event commenced today at Vigyan Bhawan (Annexe), New Delhi, and will run from 16th May to 31st May 2024.During the inaugural ceremony, team MDoNER took the Swachhata Pledge, reaffirming their commitment towards cleanliness activities and spreading the message of the Swachh Bharat Mission. Led by the Secretary, MDoNER, the pledge emphasized the adoption of best cleanliness practices in all aspects of life.Secretary, MDoNER, stressed the importance of making Swachhata initiatives sustainable throughout the year. He urged all staff members to actively participate a...
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Over 30% Covaxin takers suffered from health issues after one year, claims BHU study
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Over 30% Covaxin takers suffered from health issues after one year, claims BHU study

New Delhi, May 16, 2024.Nearly one-third of the individuals who received Bharat Biotech's anti-Covid vaccine Covaxin reported 'adverse events of special interest,' or AESI, according to a one-year follow up study conducted by a team of researchers at Banaras Hindu University.Nearly 50 percent of 926 study participants in the study complained of infections during the follow-up period, predominated by viral upper respiratory tract infections.Serious AESI, which included stroke and Guillain-Barre syndrome, were reported in one per cent of individuals, the study, which looked at long-term safety of the BBV152 vaccine in adolescents and adults, claimed.Published in the journal Springer Nature, the study comes in the wake of UK pharmaceutical giant AstraZeneca admitting...
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Zoozle Launches India’s First Membership Plan for E-commerce Buyers, Offers Exclusive Benefits with HDFC Bank
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Zoozle Launches India’s First Membership Plan for E-commerce Buyers, Offers Exclusive Benefits with HDFC Bank

Bangalore, May 16, 2024.Zoozle, a leading online e-commerce marketplace in India, has announced the launch of its revolutionary membership plan - a first in the Indian e-commerce landscape. Modeled after successful international concepts like Costco and Sam's Club, Zoozle is set to transform the online shopping experience for its members by offering up to 18% lower prices compared to other online platforms. However, in an exclusive partnership with HDFC Bank, Zoozle is offering its membership free of charge to all HDFC Bank credit and debit card holders until September 2024.The membership program is otherwise priced at Rs. 999 (+GST) per year.To activate the membership, HDFC Bank customers need to visit zoozle.in, click on "become a member", select the HDFC customer ...
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Samsung Launches Three New Refrigerators Featuring Next-Generation AI Inverter Compressor in India
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Samsung Launches Three New Refrigerators Featuring Next-Generation AI Inverter Compressor in India

Gurugram, May 2024.Samsung, India’s largest consumer electronics brand, today announced the launch of three new refrigerators that ensure smarter living for Indian homes by helping consumers customise their choices. The new refrigerators feature Samsung’s next generation Artificial Intelligence-powered Inverter Compressor. The AI Inverter Compressor, the heart of Samsung’snew refrigerators, transforms the traditional internal design by optimizing motor and energy efficiency while saving electricity costs.Samsung’s eighth generation compressor brings AI to the fore - marking a revolutionary change from its first compressor introduced 27 years back. The AI Inverter Compressor comes with a segment-leading 20-year warranty, guaranteeing long-lasting performance and energy efficiency....
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PFC is currently the most profitable NBFC in India, with a remarkable 24% increase in PAT
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PFC is currently the most profitable NBFC in India, with a remarkable 24% increase in PAT

New Delhi, May 2024.Consolidated Financial HighlightsPFC Group registered the highest annual Profit After Tax (PAT) with 25% increase - Rs. 21,179 crores in FY’23 to Rs. 26,461 crores in FY’24.PFC Group continues to be the largest NBFC Group in India with total balance sheet size crossing more than Rs.10 lakh crore in FY’24 – The current balance sheet size is 10.39 lakh crores.16% growth in consolidated loan asset book from Rs. 8,57,500 crores as on 31.03.2023 toRs. 9,90,824 crores as on 31.03.2024Consolidated Net worth (including non-controlling interest) increased by 20% - Rs. 1,11,981 crores as on 31.03.2023 to Rs. 1,34,289 crores as on 31.03.2024The consolidated Gross NPA nearly touches 3% and is at 3.02% in FY’24 vs. 3.66% in FY’23.Owing to active resoluti...
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IndiaSkills Competition 2024 Begins, 900+ candidates to participate in 61 trades
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IndiaSkills Competition 2024 Begins, 900+ candidates to participate in 61 trades

New Delhi, May, 2024.The IndiaSkills Competition 2024 – the country’s biggest skill competition designed to demonstrate the highest standards of skilling commenced today and will go on till 19th May 2024. The Ministry of Skill Development and Entrepreneurship (MSDE) organised an inauguration ceremony at Yashobhoomi, Dwarka which witnessed the participation of 900+candidates from 30+ states and Union Territories and 400+ industry experts.During the competition, participantswill showcase their diverse skills and talent on a national platform across 61 skills – from traditional crafts to cutting-edge technologies. While 47 skills competition will be held onsite, 14 will be held offsite in Karnataka, Haryana, Uttar Pradesh, and Gujarat keeping in mind the best infrastructure avail...
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Enfinity Global enters into $135M financing to build 1.2 GW of advanced solar and wind power plants in India
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Enfinity Global enters into $135M financing to build 1.2 GW of advanced solar and wind power plants in India

New Delhi, May 2024.Enfinity Global Inc., a leader in renewable energy, today announced that it has signed $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India. The financing is being provided by Canada Pension Plan Investment Board (CPP Investments) through subsidiaries of CPPIB Credit Investments Inc.The projects in this portfolio, spread across five states (Maharashtra, Delhi, Karnataka, Rajasthan and Uttar Pradesh), are in advanced stages of development and are expected to be commissioned between 2025 and 2026. Once interconnected, they are projected to generate 2.4 GWh of clean electricity annually, enough to power over two million Indian homes and offset 2.6 million tons of CO2 emissions.“Renewable energy is at the c...
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IndiaSkills 2024: India’s Biggest Skill Competition to Commence in New Delhi
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IndiaSkills 2024: India’s Biggest Skill Competition to Commence in New Delhi

New Delhi, May 15, 2024.The IndiaSkills Competition 2024 – the country’s biggest skill competition designed to demonstrate the highest standards of skilling is all set to commence on 15th May 2024. The Ministry of Skill Development and Entrepreneurship (MSDE) has organised an inauguration ceremony at Yashobhoomi, Dwarka, New Delhi which will witness the participation of over 900 students from more than 30 states and Union Territories and over 400 industry experts.The four-day-long IndiaSkills will allow participants to showcase their diverse skills and talent on a national platform across 61 skills – from traditional crafts to cutting-edge technologies. While 47 skills competitions will be held onsite, 14 will be held offsite in Karnataka, Haryana, Uttar Pradesh, and Gujarat keepin...
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Steel Authority of India Limited to allow employees to work away from designated workplace
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Steel Authority of India Limited to allow employees to work away from designated workplace

New Delhi, May 15, 2024.Steel maker SAIL on Wednesday said it has come up with a new policy where employees can work from any place other than their designated work places.The work from other than workplace policy was launched by the company's Chairman Amarendu Prakash on Tuesday in the national capital, SAIL said in a statement."Under the policy, an employee will be allowed to work from other than workplace on undertaking a prescribed self-development activity," the company said.
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Every CLiQ is more rewarding at The Big CLiQ Sale on Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette
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Every CLiQ is more rewarding at The Big CLiQ Sale on Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette

New Delhi, May 15, 2024.The flagship e-commerce initiatives of the Tata Group—Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette—are hosting The Big CLiQ Sale, a shopping extravaganza where every CLiQ will be rewarded. Scheduled from May 17 to 28, 2024, the highly anticipated 12-day sale will have never-before-seen offers across various categories, such as apparel, accessories, beauty, eyewear, footwear, handbags, home, kids, jewellery, watches, and more, allowing consumers to save big on their favourite brands across the three platforms. From early access to wish-listed products to limited-hour flash deals, it is indeed time to CLiQ, shop, and save this summer.Gopal Asthana, Chief Executive Officer, Tata CLiQ, said, “We are excited to announce The Big CLiQ Sale, our flagship ...
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