Category: News

·         Partnership to strengthen existing UPI merchant acceptance network in the UAE ·         Facilitate seamless and secure cross-border merchant transactions for Indians travelling to the UAE NPCI International Payments Limited (NIPL) in partnership with Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments via Network’s point-of-sale (POS) terminals in the UAE. This initiative ensures seamless and secure transactions for Indian tourists and Non-Resident … Continue reading “NPCI International partners with Network International to enable UPI QR payment acceptance across its merchants in the UAE”

›   Growth of 125% in annual sales over 2021 ›   Registers 48% growth in December 2022 over December 2021 ›   INDIA 2.0 heroes KUSHAQ and SLAVIA lead the charge into 2023 ŠKODA AUTO India ended 2022 with strong momentum, registering a growth 125% over 2021. Compared to 23,858 cars sold in 2021, the company reported annual sales of 53,721 units in 2022. The sales for December 2022 stood at 4,788 units, compared to 3,234 units sold in December 2021, resulting in a 48% increase in … Continue reading “ŠKODA AUTO INDIA RECORDS 2022 AS THE ‘BIGGEST YEAR’ IN INDIA“

Sa-Dhan, the largest and the oldest association of microfinance institutions and Delhi based fintech solutions provider NextGen join hands to bring digital micro finance solutions to millions of feature phone users, which is around 45 percent of the mobile phone using population and about 94 million beneficiaries under the MFI ecosystem.  “Micro finance institutions have their presence in over 600 districts in India and there is a need to bring in technology-based solutions to reduce the operational costs for these … Continue reading “Sa-Dhan – NextGen Tie-Up to “Build for Bharat” on financial inclusion“

Managed by Ambuja Cement Foundation, CSR arm of Ambuja Cements, under its Skill and Entrepreneurship Development Programme The Foundation has imparted skill training to over 88,000 youth with a placement rate of 76% from rural and semi urban areas Ambuja Pvt. Industrial Training Institute, run by Ambuja Cement Foundation, CSR arm of Ambuja Cements, at Chandrapur, Maharashtra was awarded with the Best Industrial Training Institute (ITI) by the Directorate of Vocational Education and Training.  The Skill Development & Entrepreneurship Department, … Continue reading “Ambuja Cement Foundation’s Industrial Training Institute at Chandrapur, Maharashtra recognized as Best Industrial Training Institute”

Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major reported profit before tax of ₹ 176.96 Crores for Q1 of FY 23 which is a growth of 33% over the previous quarter. The Earnings per Share (EPS) for Q1 of FY 23 was at ₹ 7.70. Standalone financial performance highlights: (₹ in crores) Particulars Quarter Ended     June 30, 2022 June 30, 2021 Revenue from operations 2,620.00 1,885.86 Profit before tax 176.96 167.04 The company witnessed robust demand in the … Continue reading “Amara Raja Batteries reports 39% increase in Revenues over previous year in Q1 of FY23”

Average residential prices increased 1.6% QoQ Preference for bigger homes with 3BHK constituting 49% of the total demand and 43% of the total supply In Bengaluru, demand (searches) for residential real estate increased 18.8% QoQ, supply (listings) grew by 6.7% QoQ and average property prices increased 1.6% QoQ, revealed Magicbricks’ PropIndex Report Q2, 2022. Further, 3 BHK configurations dominated Bengaluru’s residential market, accounting for 49% and 43% of the demand and supply, respectively. Properties priced in the range of INR 5,000 … Continue reading “Residential demand in Bengaluru increased 18.8% QoQ while supply grew 6.7% QoQ, reveals Magicbricks PropIndex Report Q2, 2022  “

· Outreach programme to communities empowers them through employment, skill development · Trained and placed with jobs for more than 200 rural youth in 8 tribal villages in West Singhbhum District, Jharkhand ACC Ltd., one of India’s most innovative and sustainable cement makers, has been continuously contributing back to society and the community through various initiatives and outreach programmes. DISHA, which focuses on eliminating unemployment among people in host communities, covering automotive technician, electrician, life skills, sewing machine operator and picker & … Continue reading “ACC’s DISHA helps create a better world by empowering communities”

–  Demand growth rate for health insurance in Tier-II cities almost double of Tier-I –  Delhi, Bengaluru, and Mumbai were the leading three Tier-I cities with maximum demand for health insurance –         Demand for travel insurance jumps up by 44% on the back of international travel boom Demand for health insurance in India shot up by 321% post- Covid, with Star Health, Max Bupa, Aditya Birla, HDFC Ergo, and Acko dominating the leading five searched and sought-after insurance brands, according to … Continue reading “Bengaluru among the leading three Tier-I cities with maximum demand for health insurance: Just Dial Consumer Insights”

Agreement to elevate company’s IT Infrastructure for enhanced Security and Data availability Honda Motorcycle and Scooter India (HMSI) recently announced its exclusive collaboration with Kyndryl (NYSE: KD), world’s largest IT infrastructure services provider, to elevate its IT and security transformation journey across HMSI’s manufacturing plants. Currently, Kyndryl manages infrastructure services for plant production applications, enterprise and dealer management systems for all the dealers. Bringing operational efficiency with an agile and improved customer service experience, the company’s renewed alliance with Kyndryl … Continue reading “Honda Motorcycle & Scooter India appoints Kyndryl as technology partner”

India’s leading textile, apparel, retail and real estate conglomerate announced the appointment of Atul Singh to lead the Group, signalling a significant step towards creating a future ready organisation.  As Raymond is gearing to mark its centenary year in 2025 the company is on a transformation journey by strengthening its leadership by bringing in diverse experience on board. The Nomination and Remuneration Committee of Raymond Limited has recommended his appointment as Executive Vice Chairman to the Board of Raymond Limited subject … Continue reading “Raymond Limited appoints Atul Singh, a consumer industry veteran to lead the Group”

CEAT Ltd., India’s leading tyre manufacturer has launched its ultra-high-performance tyre range – CEAT SportDrive and CEAT SportDrive SUV for the luxury segment in India. The product, first introduced in the European market in 2017, has been customized for Indian road conditions.     CEAT’s SportDrive range of tyres are specifically designed keeping in mind the requirements of luxury sedans and SUVs in the Indian automotive market. The carefully crafted SportDrive ensures superior control and comfort. Its asymmetric tread pattern with MRC … Continue reading “CEAT launches ultra-high-performance tyre SportDrive in India”

Targets revenue of over Rs 2200 crore (US$300 million) from this facility by FY27 Epsilon Carbon, India’s leading coal tar producer, has entered into an agreement with Sri Anagha Refineries to establish India’s first Molten Pitch Storage Tank facility in Managalore, Karnataka. This will be a first-of-its-kind molten Pitch storage facility with a tank capacity of 10,000 Metric Tonnes. The port facility will have a draft of 14 meters and will allow vessels up to DWT of 100,000 Mt to … Continue reading “Epsilon Carbon signs Agreement with Anagha Refineries to set-up India’s first Molten Pitch Storage Tank facility”

One-stop-shop solution for setting up a virtual clinic within a pharmacy store Medley Medical Solutions Pvt Ltd has announced the formal launch of its virtual clinics branded “Ananda E-Clinics”.  It’s a unique model that enables local pharmacies to offer virtual clinics and facilitate online doctor consultations with patients. Ananda E-Clinic follows an easy, quick, and simple format that allows it to be set up in every mid-size and large pharmacy as it requires just a kiosk space. From selecting the Doctors … Continue reading “MedleyMed launches Ananda E-Clinic; transforms Pharmacies into Virtual Clinics”

IndusInd Bank announced a strategic partnership with MoEngage, the insights-led customer engagement platform to deliver a differentiated digital experience across multiple customer journeys. As part of the partnership, Induslnd Bank will leverage MoEngage’s technology platform to deliver ‘Gen Z’ digital banking experience to its customers. The Bank will be able to curate personalized content & recommendations across channels where the customers spend most of their time. Charu Mathur, Head – Digital Banking & Strategy, IndusInd Bank said, “IndusInd Bank has always … Continue reading “IndusInd Bank partners with MoEngage to deliver a differentiated digital experience for its customers”

–          Apollo and Bridgestone were the most widely searched brands in Bengaluru –          Demand for tyres in Tier II cities witnessed a growth rate of 67% –          Demand for four-wheeler tyres rose by 54% while that for two-wheelers remained stable Fueled by a high demand rate in Tier-II cities this monsoon, online searches for tyres in India have shot up by 51% with MRF, Apollo, and Bridgestone being the top-3 most searched brands, reports the latest Just Dial Consumer Insights. Consumer searches on … Continue reading “Bengaluru among the Top 5 Tier I cities with maximum demand for tyres this monsoon; Online searches shot up by 51%: Just Dial Consumer Insights”