Business

12 Apr

Citroen becomes first multinational car manufacturer to export Made-in-India EVs to international markets, begins E-C3 export to Indonesia

Business CorrespondentBUSINESS

The automobile manufacturing French company Citroen, announced on April 11, that it has started exporting its locally manufactured e-C3 electric vehicles (EVs) from India to international markets. According to the company, this move, a first for a multinational car manufacturer in India, aligns with the country's vision of manufacturing sustainable EVs domestically for the global market and Citroen's global ambitions of democratising electric mobility. Aditya Jairaj, CEO & MD of Stellantis India, in a company statement, said, "India is not only a strategic market but also a major sourcing hub for vehicles, components, and mobility technologies within the Stellantis group.…

12 Apr

Bajaj Auto Ltd Raises the Bar with the Unveiling of the All-New Pulsar N250

Business CorrespondentBUSINESS

Bajaj Auto, the world’s most valuable two-wheeler and three-wheeler company, launched the all-new flagship of the N Series – the Pulsar N250. Along with sporting the biggest engine in the Pulsar lineup, the naked streetfighter is packed with advanced features to provide an elevated and precision riding experience for customers. The Pulsar N series boasts a strong line up from Bajaj, with the N160 launched in July 2022 and the N150 in September 2023, both of which hold an enviable position in the 150-160 cc category. New ABS Ride Modes The Pulsar N250 comes equipped with three ABS ride modes:…

12 Apr

NSE sounds alarm as fake videos of CEO Chauhan offer stock tips

Business BureauBusiness

In a digital age fraught with technological advancements, the National Stock Exchange (NSE) finds itself grappling with a new challenge: the proliferation of deepfake videos featuring its esteemed Managing Director and CEO, Shri Ashishkumar Chauhan. These counterfeit videos, meticulously crafted using sophisticated technology, mimic Chauhan's voice and facial expressions to deliver purported stock recommendations. The emergence of these deepfake videos has prompted NSE to issue a cautionary alert, urging investors to exercise discernment and verify the credibility of information disseminated through various channels. The exchange emphasizes the importance of relying on authenticated sources, such as its official website (www.nseindia.com) and…

12 Apr

Samsung’s ‘Solve for Tomorrow’ Season 3 revolutionizes youth innovation

Business BureauBusiness

Samsung is spearheading the third season of its groundbreaking CSR initiative, 'Solve for Tomorrow,' in collaboration with FITT IIT-Delhi, the Ministry of Electronics & IT, and the United Nations in India. This year, the program is set to redefine youth innovation by leveraging cutting-edge technology and fostering a culture of problem-solving. Introducing two distinct tracks, Samsung aims to cater to the diverse interests and passions of young minds. The 'School Track' invites budding innovators aged 14-17 to explore the realms of 'Community & Innovation,' while the 'Youth Track' beckons forward-thinkers aged 18-22 to delve into 'Environment & Sustainability' using state-of-the-art…

11 Apr

Malabar Gold & Diamonds Surpasses Rs 50,000 Crore in Annual Turnover

Business BureauBusiness

Malabar Gold & Diamonds the world's sixth-largest jewellery group and the 19th-ranked brand in Deloitte's Global Ranking of Luxury Products, announces a milestone achievement with an annual retail global turnover of Rs 51,218 Crore Indian Rupees in the last financial year. This remarkable growth underscores Malabar Gold & Diamonds' rapid ascent as a trusted jewellery brand worldwide. Malabar Gold & Diamonds, based in Kerala, has achieved significant success in the global jewellery industry in just three decades. The brand plans to expand its retail presence to India and overseas markets, with plans to open new stores in New Zealand, Egypt,…

11 Apr

Recently Elon Musk confirms India visit

Ashish MajumderBusiness

Recently Tesla CEO Elon Musk took to X on Wednesday to confirm that he will visit India. “Looking forward to meeting with Prime Minister Narendra Modi in India!” which he wrote in his post. In fact earlier, reports said Musk is expected to make an announcement related to his plans to invest and open a new factory in the country. This is actually good that famous person like Elon Musk wants to come and invest in India so that everyone get benefit from it. Today India is developing very fast and globally India has lots of importance. For this reason…

10 Apr

Bajaj Finance empowers financial literacy with enhanced fixed deposit rates

Business BureauBusiness

Bajaj Finance Ltd. has unveiled a groundbreaking initiative aimed at enlightening individuals about the significance of smart investing. Effective April 3, 2024, the company has announced substantial enhancements in Fixed Deposit (FD) rates, offering an invaluable opportunity for individuals to learn and engage in prudent financial practices. Of particular note is the impressive 8.85% return offered exclusively to senior citizens for a 42-month tenure, marking a substantial 60 basis points increase. This move not only encourages seniors to make informed investment decisions but also serves as a beacon of financial literacy for the wider community. Sachin Sikka, Head of Fixed…

09 Apr

Ola Decides To Shut Down Overseas Business In These Countries To Focus On Expanding Operations In India

Business CorrespondentBUSINESS

Indian ride-hailing company Ola Cabs has decided to stop its services in all existing international markets by the end of April 2024. The company has started sending mail to users regarding the closure of its services in Australia from April 12. A spokesperson for the company told, the future of mobility is electric and Ola has a big opportunity to expand in India for the ride-hailing business, and with this clear focus, we have evaluated our priorities and have planned to shut down our overseas ride-hailing business in its current form.

09 Apr

Pepperfry expands omnichannel presence with Itanagar store launch

Business BureauBusiness

Pepperfry has made a significant stride into the North East market with the inauguration of its latest store in Itanagar, Arunachal Pradesh. This move amplifies Pepperfry's commitment to diversifying its market reach and strengthening its omnichannel engagement. Situated at a prime location along the Itanagar-Naharlagun Highway, the new store covers 775 square feet and offers an extensive range of furniture and home products. Hussaine Kesury, Chief Activation Officer at Pepperfry, expressed enthusiasm about the expansion, highlighting the company's dedication to catering to varied consumer preferences. The franchise model, introduced in 2017, has been pivotal in Pepperfry's offline expansion strategy, facilitating…

09 Apr

Launched in collaboration with India’s one of leading fashion Designer duo, Gauri and Nainika

Business CorrespondentBUSINESS

LG Electronics, India's leading Consumer Durable brand, introduced a unique product that not only mirrors your mood or personality but also inspires touch of luxury to your lifestyle and infusing vibrancy into your daily life. Launched in collaboration with India’s one of leading fashion Designer duo, Gauri and Nainika, who unveiled their latest collection inspired by 1.7 Lakh color combinations of LG MoodUP™ Refrigerator at Lakme Fashion week. With cutting-edge technology and aesthetic allure, the LG MoodUP™ Refrigerator stands out as a symbol of personalized luxury. As individuals across India increasingly seek tailor-made solutions for their lives, the LG MoodUP™…