Business – The Mileage https://themileage.in Latest News, Breaking News, Bollywood, Sports, Business and Political News Thu, 09 May 2024 13:02:15 +0000 en-US hourly 1 https://i0.wp.com/themileage.in/wp-content/uploads/2024/04/cropped-android-chrome-512x512-4.png?fit=32%2C32&ssl=1 Business – The Mileage https://themileage.in 32 32 178358116 ‘Kooki’ set to illuminate national screens with Assamese cinematic brilliance https://themileage.in/kooki-set-to-illuminate-national-screens-with-assamese-cinematic-brilliance/ Thu, 09 May 2024 12:42:42 +0000 https://themileage.in/?p=49657 Critically acclaimed Hindi film Kooki is all set to release nationally on 28th of June 2024, the film has touched…

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Critically acclaimed Hindi film Kooki is all set to release nationally on 28th of June 2024, the film has touched a sensitive topic and narrating a journey of a rape victim. Directed by Pranab J Deka , the movie revolves around   the multiple stages and mental trauma  a victim goes through.

Driven by a desire to showcase the rich cultural tapestry and cinematic talent of Assam, the industry’s decision to produce “Kooki” in Hindi marks a significant milestone. Dr. Junmoni Devi Khound, the visionary producer behind the project, envisions a platform that transcends regional boundaries, stating, “Our goal is to demonstrate the depth and diversity of Assamese cinema to audiences beyond our region.”

With an ensemble cast and crew comprising 98% Assamese talent, “Kooki” is more than just a film; it’s a testament to the industry’s collaborative spirit and artistic prowess. Featuring actors, singers, and musicians from both regional and national backgrounds, the film promises a fusion of storytelling heritage and technical excellence.

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Tata Power Q4 report: Net profit arise 11% to Rs 1,046 Crore due to higher profits https://themileage.in/tata-power-q4-report-net-profit-arise-11-to-rs-1046-crore-due-to-higher-profits/ Thu, 09 May 2024 04:56:44 +0000 https://themileage.in/?p=49640 New Delhi: Tata Power on Wednesday reported 11% rise in its consolidated net profit in the March quarter to Rs…

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New Delhi: Tata Power on Wednesday reported 11% rise in its consolidated net profit in the March quarter to Rs 1,046 Crore compared to last year mainly due to higher profits.

BSE filings showed consolidated profit stood at Rs 939 Crore for the quarter ending March 31, 2023. The company’s total income in the quarter increased to Rs 16.464 Crore from Rs 13,325 Crore in the year-ago period. Consolidated net profit in fiscal 2023-24 rose to record Rs 4,280 Crore from Rs 3,810 Crore in the year-ago period, the company said in a statement.

Total income will increase from Rs 56,547 Crore in FY 2024 to Rs 63,272 Crore in 2022-23.According to the statement, the market cap of the company has exceeded Rs 1.4 lakh Crore. The company achieved its highest ever revenue and EBITDA of Rs 61,542 Crore and Rs 12,701 Crore respectively in FY 2023-24.

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Turkish Airlines organised its Annual Bowling Tournament in India  https://themileage.in/turkish-airlines-organised-its-annual-bowling-tournament-in-india/ Wed, 08 May 2024 10:45:27 +0000 https://themileage.in/?p=49634 Turkish Airlines recently hosted the semi-finals of its Annual Bowling Tournament in India, further cementing ties with local business partners…

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Turkish Airlines recently hosted the semi-finals of its Annual Bowling Tournament in India, further cementing ties with local business partners while igniting the passion for bowling amongst enthusiasts. The semi-finals, held across international hubs, witnessed fierce competition as participants vied for a coveted spot in the Grand Finale set to grace Istanbul from April 26-28, 2024.In New Delhi, the bowling showdown unfolded on April 19th, 2024, at Smaaash, Aria Mall Gurugram. Thirty contenders from ten agency-preferred partners battled it out, with Travel Boutique Online clinching victory with an impressive score of 817. Their triumph secures them a spot in the prestigious Grand Finale, where they will represent India on the global stage.

Meanwhile, Mumbai played host to another thrilling semi-final on March 2nd, 2024, at Smaaash Utopia City. KULIN KUMAR HOLIDAYS emerged triumphant, boasting a formidable total score of 812. The New Delhi and Mumbai champions are set to showcase India’s bowling prowess amidst international competitors at the Grand Finale.

The tournament’s global appeal saw participation from 130 cities spanning 69 countries, reflecting its stature as a premier sporting event. The Grand Finale promises not only the thrill of competition but also enticing rewards, including a flight ticket and luxurious vacation in Antalya for the tournament champion. Additionally, top-ranking agencies will vie for coveted prizes, amplifying the excitement surrounding the event.Since its inception in 2012, the Turkish Airlines Bowling Tournament has been a beacon of camaraderie, fostering connections among esteemed business partners worldwide. Through spirited competition and shared experiences, the tournament continues to reinforce the bonds of friendship and collaboration across borders.

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TKM announces the introduction of new grade, Innova Crysta GX+ https://themileage.in/tkm-announces-the-introduction-of-new-grade-innova-crysta-gx/ Wed, 08 May 2024 07:52:42 +0000 https://themileage.in/?p=49619 In a move that promises to redefine the driving experience, Toyota Kirloskar Motor (TKM) has unveiled the latest addition to…

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In a move that promises to redefine the driving experience, Toyota Kirloskar Motor (TKM) has unveiled the latest addition to its lineup: the Innova Crysta GX+. This new grade isn’t just about features; it’s about understanding and catering to the diverse needs of Indian families.

Imagine a car that’s not just a mode of transportation but a sanctuary on wheels. That’s what the Innova Crysta GX+ aims to be. With its rear camera, auto-fold mirrors, DVR, and premium fabric seats, it’s more than just a vehicle; it’s a cocoon of comfort. Whether it’s a long road trip or just a quick run to the grocery store, the GX+ grade ensures that every journey is a pleasurable one.

But it’s not just about luxury; it’s about safety too. Equipped with advanced features like Vehicle Stability Control and Hill-Start Assist Control, the GX+ grade prioritizes the well-being of its passengers, giving them peace of mind on every drive.Moreover, TKM’s commitment to customer satisfaction doesn’t end with the car itself. With value-added services like extended warranty options and complimentary roadside assistance, they’re going above and beyond to ensure that every customer feels valued and supported.

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Dr Reddy’s profit after tax upsurge 36% to Rs 1,307 Crore, revenue Rs 7,083 Crore https://themileage.in/dr-reddys-profit-after-tax-upsurge-36-to-rs-1307-crore-revenue-rs-7083-crore/ Tue, 07 May 2024 14:16:27 +0000 https://themileage.in/?p=49609 Dr Reddy’s Laboratories on Tuesday reported a 36% rise in its consolidated profit after tax to Rs 1,307 Crore for…

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Dr Reddy’s Laboratories on Tuesday reported a 36% rise in its consolidated profit after tax to Rs 1,307 Crore for the quarter ending March 2024 due to strong sales in the US market.

The Hyderabad-based drug major had reported a profit after tax of Rs 959 Crore in the January-March quarter of financial year 2022-23. Revenue increased to Rs 7,083 Crore in the period under review from Rs 6,297 Crore in Q4FY13.

For the full year ending March 31, 2024, the drug major said its PAT increased to Rs 5,568 Crore compared to Rs 4,507 Crore in financial year 2022-23. Revenue increased to Rs 27,916 Crore in FY24, compared to Rs 24,588 Crore in FY23.

“Our growth and profitability in FY2024 is driven by our performance in the US. We have also made significant progress on future growth drivers through licensing, collaboration and pipeline building,” said GV Prasad, Co-Chairman and Managing Director, Dr Reddy’s.

The company’s revenue in North American market increased by 28% to Rs 129.9 billion in FY 2024. The company said, “This growth was largely driven by growth in base business volumes, integration of the MENA portfolio, Foreign exchange gains were partially offset by price declines.”

The company said its revenue in the domestic market in FY2014 stood at Rs 46.4 billion, which was 5 percent less than in FY2013. The Dr Reddy’s board meeting held on Tuesday recommended a final dividend of Rs 40 against Rs 5 per share for the financial year 2023-24.

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Arya Erectors India Pvt. Ltd. launches their new project, ‘Arya Arcade’ https://themileage.in/arya-erectors-india-pvt-ltd-launches-their-new-project-arya-arcade/ Tue, 07 May 2024 09:54:10 +0000 https://themileage.in/?p=49581 Arya Erectors India Pvt. Ltd., a real estate company from Guwahati and a part of the Arya Group of Companies,…

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Arya Erectors India Pvt. Ltd., a real estate company from Guwahati and a part of the Arya Group of Companies, announced the launch of their new project ‘Arya Arcade’ at the Vivanta, Guwahati yesterday evening in the presence of several eminent dignitaries and existing and prospective customers. The project located on the National Highway 27 at Changsari, near AIIMS Guwahati, is designed as an integrated commercial cum residential project consisting of a mall, cineplex, a business class hotel, commercial spaces, multi-use serviced apartments and residential apartments.


The Changsari project, located on National Highway 27, combines residences, business, shopping, events, and entertainment. The project is strategically situated near major hospitals like AIIMS, Narayana Super-speciality Hospitals, and GNRC hospitals. It is also near several educational institutions and government offices, all within a 5- to 10-minute drive. The project is only 1.0 km from Changsari Railway station. The project aims to decongest traffic conditions in Guwahati and make Changsari an important business hub in the region.

The Arya Group of Companies, known for its socially significant projects, is aiming to create employment opportunities for over 500 young men and women through a project aimed at decongesting Guwahati City in the near future.

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HDFC Bank Limited announced  the re-appointment of Atanu Chakraborty as the part-time chairman https://themileage.in/hdfc-bank-limited-announced-the-re-appointment-of-atanu-chakraborty-as-the-part-time-chairman/ Tue, 07 May 2024 06:37:53 +0000 https://themileage.in/?p=49573 HDFC Bank Limited announced  the re-appointment of Atanu Chakraborty as the part-time chairman of the bank for a period of…

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HDFC Bank Limited announced  the re-appointment of Atanu Chakraborty as the part-time chairman of the bank for a period of three years effective from May 5, 2024, to May 4, 2027. The Reserve Bank of India(“RBI”)vide its communication dated May2,2024,has approved the re-appointment of Mr. Atanu Chakraborty  as the part time chairman of the bank under Section10B (1A)(i)of the Banking Regulation Act,1949 for a period of three years.

Pursuant to the approval by the RBI and based on the recommendation of the Nomination and Remuneration Committee, the board of directors of the bank has approved the reappointment of Atanu Chakraborty as part-time chairman and independent director of the bank. Mr.Chakraborty is a retired IAS officer of the 1985 batch Gujarat cadre and has served in the government for 35 years. He was also Union finance secretary during FY20 apart from being the divestment secretary. Chakraborty also handled financial stability and currency, domestic and foreign-related issues as well.

He managed the flow of funds with multilateral and bilateral financial institutions and had multiple interfaces with them. He has also served as Secretary to the Union Government for Disinvestment (Department of Investment and Public Asset Management) wherein he was responsible for both policy as well as execution of the process of disinvestment of Government of India’s stake in state owned enterprises. He also headed a multidisciplinary task force that produced the National Infrastructure Pipeline (NIP).

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Guwahati youths champion environmental solutions at Samsung’s ‘Solve for Tomorrow’ event https://themileage.in/guwahati-youths-champion-environmental-solutions-at-samsungs-solve-for-tomorrow-event/ Mon, 06 May 2024 11:26:07 +0000 https://themileage.in/?p=49559 Over a hundred youth from Guwahati showcased their innovative ideas at Samsung’s ‘Solve for Tomorrow’ event, held at IIT Guwahati…

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Over a hundred youth from Guwahati showcased their innovative ideas at Samsung’s ‘Solve for Tomorrow’ event, held at IIT Guwahati and the Royal Global University. The event, aimed at fostering innovation and addressing societal challenges, witnessed a surge of enthusiasm from young minds eager to tackle pressing environmental issues. Participants, ranging from 14 to 22 years old, presented a plethora of solutions to combat environmental degradation, including waste segregation, air pollution, water contamination, and climate unpredictability. They voiced the need for platforms like Samsung’s ‘Solve for Tomorrow’ to guide and support their endeavors in transforming ideas into actionable solutions that positively impact communities.The event featured Dr. Jatin Wahane, a Karamveer Chakra recipient and renowned rocket scientist, who shared insights and inspired students to think innovatively in addressing real-world challenges.

Samsung’s partnership with the Ministry of Electronics & Information Technology’s (MeitY) Startup Hub, Foundation for Innovation & Technology Transfer (FITT) at IIT Delhi, and the United Nations in India underscores the commitment to nurturing the next generation of innovators.This year, ‘Solve for Tomorrow’ introduces two tracks – School Track and Youth Track, each focusing on distinct themes: “community and inclusion” for ages 14-17, and “environment and sustainability” for ages 18-22. The initiative offers hands-on training, mentoring, and grants to develop prototypes, with winning teams receiving substantial grants for further incubation and development.

The event not only empowers young minds to innovate but also aligns with Samsung Electronics’ global CSR vision of ‘Together for Tomorrow! Enabling People’, dedicated to providing education and opportunities to shape future leaders.For those interested in participating, applications for Samsung’s ‘Solve for Tomorrow’ are open until May 31, 2024, at www.samsung.com/in/solvefortomorrow. With its global footprint spanning 63 countries and over 2.3 million participants worldwide, ‘Solve for Tomorrow’ continues to inspire and empower the leaders of tomorrow.

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Balipara Foundation organizes the Tripura Regional Eastern Himalayan Naturenomics Forum 2024 https://themileage.in/balipara-foundation-organizes-the-tripura-regional-eastern-himalayan-naturenomics-forum-2024/ Mon, 06 May 2024 10:46:19 +0000 https://themileage.in/?p=49556 Bamboo is a crucial resource for tribal and rural communities in Tripura, contributing significantly to their livelihoods. With 149,000 artisans,…

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Bamboo is a crucial resource for tribal and rural communities in Tripura, contributing significantly to their livelihoods. With 149,000 artisans, it’s cultivated in tropical moist deciduous forests and evergreen patches, highlighting its importance in Tripura’s natural landscape. Tripura’s Forest Department has identified 19 common bamboo species, covering 3,246 km², but the sector faces pressing challenges despite its importance.

The Tripura Regional Eastern Himalayan Naturenomics Forum, organized by the Balipara Foundation in collaboration with the Women’s Welfare Society, at Agartala on May 3, shed light on raising awareness about the biodiversity of bamboo and underscored its critical significance. It emphasized the indispensable role of bamboo, showcasing how its absence would impact various aspects of life and ecosystems.

The Forum, attended by key stakeholders like the Tripura Biodiversity Board, Tripura Bamboo Mission, North Eastern Development Finance Corporation Limited (NEDFI), Tripura Bamboo and Cane Development Centre (TRIBAC), and Women’s Welfare Society, highlighted the importance of bamboo in the lives of artisans and its potential in various initiatives. They emphasized the benefits of recognizing bamboo as a valuable asset for communities and ecosystems, emphasizing its significant role in the lives of artisans. Smt. Anima Das from the Tripura Biodiversity highlighted “Sustainable harvesting practices are vital to meet demand while preserving ecological balance. Without proper management, depletion of resources is inevitable, jeopardizing bioresources.”

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Air India has make less the free cabin baggage allowance for the lowest economy fare segment from 20 kg to 15 kg https://themileage.in/air-india-has-make-less-the-free-cabin-baggage-allowance-for-the-lowest-economy-fare-segment-from-20-kg-to-15-kg/ Sun, 05 May 2024 11:17:48 +0000 https://themileage.in/?p=49514 Loss-making Air India has reduced the free cabin baggage allowance for the lowest economy fare segment on domestic flights from…

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Loss-making Air India has reduced the free cabin baggage allowance for the lowest economy fare segment on domestic flights from 20 kg to 15 kg. The changes have been made to fare families, a menu-based pricing model introduced by Tata Group-owned Air India last August. The airline has said that a one-size-fits-all approach is no longer ideal.

An airline spokesperson said on Saturday that there are three fare families – Comfort, Comfort Plus and Flex – which offer different levels of benefits and fare restrictions at different price points. From May 2, the free cabin luggage allowance for ‘Comfort’ and ‘Comfort Plus’ categories has been reduced to 15 kg from 20 kg and 25 kg respectively. Before the introduction of the Fare Family concept, passengers on Air India domestic flights were allowed to carry 25 kg of cabin luggage without any extra charges.

On domestic route in economy class, both ‘Comfort’ and ‘Comfort Plus’ fare family now offer 15 kg luggage allowance, while ‘Flex’ offers 25 kg baggage allowance. Business class luggage (baggage) allowance on domestic routes ranges from 25 kg to 35 kg.

The spokesperson said that “Free luggage allowance on international flights varies from market to market”. Other domestic airlines also allow passengers to carry up to 15 kg of cabin baggage without extra charges. An Air India spokesperson said the fare families have been designed to give passengers the flexibility to choose the kind of fare and services that suit their needs, given that passengers today have poles apart preference, and a the one-size-fits-all approach is no longer the norm.

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