Business

27 Apr

Nestlé India brews excitement with NESPRESSO launch, promises premium coffee experience

Business BureauBusiness

Nestlé India has announced its plans to introduce the highly anticipated NESPRESSO, the renowned pioneer in premium coffee, to the Indian market by the end of 2024. The launch will mark the availability of NESPRESSO's exclusive coffees and machines, catering to both domestic and professional consumers with its original and professional systems. The inaugural NESPRESSO boutique is slated to open its doors in Delhi, with subsequent expansions into other major cities across the country. In addition to physical outlets, NESPRESSO products will be made accessible online through various e-commerce platforms, widening its reach to coffee enthusiasts nationwide.Suresh Narayanan, Chairman and…

27 Apr

HCL’s revenue extend 5% in FY24

Priyanka RoyBusiness

Bengaluru: HCL Tech's revenue grew 5% in constant currency for FY20, showing a significant decline from the 13.7% growth recorded in the previous year. The company's operating margin endure stable at 18.2% year-on-year. HCL Tech CEO C Vijay Kumar said, “We reacted with agility and maintained good momentum in the services and software businesses. Our operating margin is in line with our guidance, ending the year at 18.2% margin. Over the next year (FY25), “we expect consolidation on both the demand and supply fronts.” On a sequential basis, the company's profit saw a marginal increase of 0.3 in constant currency. However, its…

26 Apr

SBI Life Insurance Q4 results: Net profit growth up 4% to Rs 810 crore

Priyanka RoyBusiness

SBI Life Insurance on April 26 reported net profit of Rs 810 crore for the March quarter, up 4 ℅ from the year-ago period. The insurer’s net premium income stood at Rs 25,116 crore as against Rs 19,896 crore last year. The solvency ratio fell to 1.96 percent as against 2.15 percent last year. For the year ending March 2024, the insurer’s annual premium equivalent (APE) stands at Rs 19,720 crore with 17 per cent year-on-year growth. The value of new business margin (VNB) for the year stood at 28.1 percent. The insurer’s total assets under management stood at Rs…

26 Apr

Unlocking the Nutritional benefits of Almonds in Boosting Immunity and Family Well-being

Business BureauBusiness

The Almond Board of California held a panel discussion on 'Snack Smart for a Healthier Family and Stronger Immunity' at The Park Hotel, Kolkata, to address the issue of unhealthy snacks affecting overall well-being and immunity. Panelists included Bollywood actress Soha Ali Khan, Celebrity Pilates Master Instructor Yasmin Karachiwala, and Ritika Samaddar, Regional Head of Dietetics at Max Healthcare – New Delhi. The session emphasized the importance of healthy snacking, particularly incorporating nutrient-rich options like almonds into daily diets, for boosting immunity and family well-being. The panel discussion emphasized the importance of clean, balanced eating habits, particularly in the face…

26 Apr

Tata Motors Leads in Innovation: Secures 333 Patents in Fiscal Year 2024

Business BureauBusiness

Tata Motors, India’s leading automobile company, has yet again achieved a significant milestone towards intellectual property rights(IPR) creation with a record-breaking number of 222 Patents and 117 Designs applications filed during the year FY24, highest in its history. The filings cover various product and process innovations, focusing on key automotive trends like Connectivity, Electrification, Sustainability, and Safety (CESS). Tata Motors bcx has received a record 333 patents, covering vehicle systems like powertrain, body & trim, suspension, brakes, HVAC, and emission control, bringing its total granted patents to over 850. Tata Motors prioritizes engineering excellence, cleaner powertrains, design, connectivity, and intelligent…

25 Apr

SPACE India welcomes Bollywood’s millennial star Sanjana Sanghi as its Brand Ambassador

Business CorrespondentBusiness, Entertainment

Actress Sanjana Sanghi's relentless pursuit of making world a better place and her dedication to empowering the Youth are second to none! As an UNDP Youth Champion, she has garnered widespread admiration, attracting audiences not just with her acting talent but also with her noble humanitarian work. Now, the model has added another feather to her cap as she joins SPACE India as the brand ambassador. Sanjana's deep-hearted commitment to education and knowledge aligns superbly with this association. Sharing her excitement about embracing a new role, Sanjana Sanghi expressed, "Those who know me are well aware of my passion and…

25 Apr

Samsung unveils the second season of its national skilling programme- Samsung Innovation Campus

Business BureauBusiness

Samsung India has launched the second edition of its national skilling initiative, ‘Samsung Innovation Campus,’ aimed at empowering the youth in cutting-edge technology domains. This initiative underscores Samsung’s commitment to nurturing talent and contributing to India’s growth trajectory. The programme, tailored to cater to future-tech areas such as AI, IoT, Big Data, and Coding & Programming, targets youth aged 18-25 years. With a focus on enhancing employability, Samsung Innovation Campus aims to equip participants with the skills necessary to thrive in the digital age. A key highlight of the programme is the recognition of national toppers in each domain, who…

25 Apr

Tata Passenger Electric Mobility joins forces with Vertelo to propel E-mobility in India

Business BureauBusiness

Tata Motors' subsidiary, Tata Passenger Electric Mobility Ltd. (TPEM), has signed a non-binding Memorandum of Understanding with Macquarie-managed fleet electrification platform Vertelo for the delivery of 2,000 XPRES-T EVs. This partnership aims to bolster the plans to accelerate India’s transition to sustainable e-mobility. The company will begin deliveries of the cars to Vertelo in a phased manner. Tata Passenger Electric Mobility Ltd., India's market leader in passenger electric vehicles (EVs). Speaking on the partnership, Mr. Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd. said, “Such collaborations in the industry will further help strengthen our market position amidst India’s…

25 Apr

Axis Bank Board clears re-appointment of Amitabh Chaudhry as CEO for 3 years

Priyanka RoyBusiness

This will be his second extension of three years. His last extension took effect from January 1, 2022. Chaudhary joined the bank in 2019 as MD and CEO. Before this he was the MD and CEO of HDFC Life. Axis Bank on Thursday said its board has approved the reappointment of Amitabh Chaudhary as MD and CEO for three years from January 1, 2025. This will be his second extension of three years. His last extension took effect from January 1, 2022. Chaudhary joined the bank in 2019 as MD and CEO. Before this he was the MD and CEO…

25 Apr

Byatikram’s Medical Tourism Conclave educates and empowers beyond borders

Business BureauBusiness

Byatikram MASDO's 'Medical Tourism Conclave' transcended the realms of traditional education, offering a profound learning experience on Sunday, April 21st, at the Dhaka Club. This unique gathering served as a dynamic platform for exchanging knowledge and fostering educational partnerships between Eastern India and Bangladesh, illuminating the path towards a future of collaborative healthcare excellence. The conclave saw the esteemed presence of Md. Shahriar Alam, Hon'ble MP, Former State Minister, Ministry of Foreign Affairs, Government of Bangladesh; Samshul Arefin, Chairman Bangladesh Foundation for Regional Studies and Coordinator, Friends of Bangladesh; and Dr. Rita Chowdhury, Eminent Indian Poet and Novelist, Dr. Shah…