Business

24 Jun

India’s CAD downfall to 0.7% of GDP, records surplus of 0.6% in Q4: RBI

Priyanka RoyBusiness, News

India recorded a current account surplus in the last quarter of the last financial year due to higher service income. Additionally, the Reserve Bank of India (RBI) on Monday said the overall current account deficit for FY2024 has narrowed due to decline in goods trade deficit. India's current account deficit (CAD) declined to 0.7 per cent of GDP or $23.2 billion in FY2024 from 2 per cent of GDP or $67 billion last year. “Sequential decline in CAD in Q4:2022-23 mainly due to narrowing in trade deficit with stronger services trade from US$71.3 billion in Q4:2022-23 to US$52.6 billion in…

24 Jun

Tata Motors introduces Fleet Verse, a digital marketplace that offers a comprehensive range of commercial vehicles

Business BureauBusiness

Tata Motors has introduced Fleet Verse, a pioneering digital marketplace designed to revolutionize the commercial vehicle industry. This platform offers a comprehensive suite of services including vehicle discovery, configuration, financing, and online booking, consolidating Tata Motors' extensive lineup of over 900 models and 3000 variants into a single digital destination. Fleet Verse features advanced tools such as Smart Search Vehicle Discovery, which employs semantic search technology for enhanced browsing, and a Product Configurator that tailors vehicle specifications to meet specific business needs. The platform also includes a 3D Visualizer for immersive vehicle exploration and Vehicle Online Finance for seamless financing…

24 Jun

Kundan Green Energy presented a cheque of Rs 25 lakh to Mizoram’s Chief Minister

Business BureauBusiness

In a gesture of solidarity with the cyclone-affected people of Mizoram, Kundan Green Energy has stepped forward with a substantial contribution. The renewable energy giant presented a cheque amounting to Rs 25 lakh to the Chief Minister’s Relief Fund, aimed at supporting relief efforts following the devastating Cyclone Remal. The donation was formally handed over to the Hon’ble Chief Minister of Mizoram, Shri Lalduhoma, by Mr. Udit Garg, CEO & Director of Kundan Green Energy, at a ceremony held in Aizawl today. Expressing heartfelt concern for the plight of those affected, Mr. Garg remarked, "We are deeply saddened by the…

24 Jun

Samsung and Paytm collaborate to integrate travel and entertainment services

Business BureauBusiness

Samsung launches flight, bus, movies and events ticket bookings on Samsung Wallet, in partnership with One97 Communications Limited that owns the Paytm brand, India’s leading payments and financial services distribution company. The partnership aims to enhance consumers’ convenience by offering a seamless and integrated booking experience directly through the Samsung Wallet, facilitating access to a wide range of services through Paytm. Samsung India and Paytm have partnered to provide Galaxy smartphone users with seamless access to Paytm's services, including flights, bus bookings, movie ticket purchases, and event bookings, all integrated within the Samsung Wallet. Users can add tickets directly to…

24 Jun

Bajaj Allianz Life opened its third branch in Udaipur, Tripura

Business BureauBusiness

Bajaj Allianz Life, the Lead Life Insurer in Tripura, has inaugurated its third branch in the state, demonstrating its commitment to serving the diverse needs of customers in the North East, particularly in Tripura. The company is expanding its Udaipur branch to improve life insurance accessibility and financial inclusion in the North-East of India, located near Bazar India on New Town Road. Complementing the objectives laid out by the Regulator, the new branch opening reinforces the Company's steadfast commitment to the State and its residents by providing efficient insurance services that empower customers achieve their life goals. Rajesh Krishnan, Chief…

24 Jun

MSDE partners with Australian Government to invigorate the Agriculture Sector of India with emerging skills

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) has joined forces with the Australian Government to launch the Australia-India Critical Agriculture Skills Pilot Project. The initiative, unveiled during a high-level roundtable led by Shri Atul Kumar Tiwari, Secretary of MSDE, and Mr. Mathew Johnston, Minister Counsellor for Education and Research at the Australian High Commission, marks a significant step towards modernizing and sustaining the agricultural landscape. This pioneering project, conceived last year, involved meticulous consultations with 89 experts from 64 organizations. It identified and mapped 107 emerging job roles crucial for the sector's advancement. Pilot projects focusing on roles such…

24 Jun

Skill India extends more than 5.5 lakh apprenticeship opportunities available for youth under Apprenticeship Training

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) is committed to enhancing quality apprenticeship training across sectors through the significant increase in the National Apprenticeship Promotion Scheme (NAPS). In the past 3 years, the total enrolments have grown three-fold to touch 9,31,368 youth under National Apprenticeship Promotion Scheme (NAPS) in FY2023- 24. Maharashtra saw an impressive participation of 2,63,156 youth in the scheme, highlighting its ability in building pathways for fresh talent to build their capabilities, enhance job readiness and making them job ready. The other states are Tamil Nadu (1,01,495), Gujarat (83,730), Karnataka (78,444)and Uttar Pradesh (71,444). The National…

24 Jun

Tata Motors to implement up to 2% price hike on commercial vehicles starting July 2024

Business BureauBusiness

Tata Motors, a leading global automobile manufacturer, announced a price increase for its commercial vehicles effective July 1, 2024. The hike, up to 2%, is aimed at offsetting rising commodity prices and will affect the entire range of commercial vehicles, with variations depending on individual models and variants. The decision comes as part of Tata Motors' strategy to manage increased input costs while continuing to deliver high-quality products. The price adjustment underscores the company's commitment to sustaining operations amid fluctuating market conditions.Tata Motors, part of the USD 150 billion Tata Group, is a USD 44 billion organization renowned for its…

24 Jun

Coca-Cola India Launches Affordable Small Sparkling Package (ASSP) with 100% Recycled PET (rPET) Bottles

Business BureauBusiness

Coca-Cola India has announced a groundbreaking initiative by introducing 100% Recycled PET (rPET) bottles in its Affordable Small Sparkling Package (ASSP), starting with a rollout in Orissa. This strategic move underscores Coca-Cola's commitment to sustainability and reducing its carbon footprint within the beverage industry. Manufactured in partnership with Hindustan Coca-Cola Beverages Pvt. Ltd. (HCCBPL), the ASSP bottles utilize recycled PET, achieving a substantial 66% reduction in carbon emissions compared to conventional virgin PET packaging. This reduction is attributed to both the lightweight nature of the PET material and the shift towards recycled materials.Alok Sharma, Executive Director of Supply Chain at…

22 Jun

KEI Wires and Cables Launches Revolutionary Eco-Friendly Product “Conflame Green+”

Business CorrespondentBUSINESS

KEI Wires and Cables, a leading name in the electrical industry, is proud to announce the launch of its groundbreaking house wire, Next Gen living eco friendly solution “Conflame Green+,” at a prestigious business partners meet in Assam. This event marks a significant milestone in KEI’s ongoing journey toward sustainability and consumer safety in the electrical solutions domain. The business partners’ meet was graced by the presence of distinguished leadership including Mr. Anil Gupta, Chairman and Managing Director of KEI, Mr. Akshit Divish Gupta, Director, Mr. Manoj Kakkar, Executive Director, and Mr. Ravi Sharma, Vice President of Sales and Marketing.…