Business

12 Aug

Godrej Agrovet announces major oil palm expansion in Tripura with new mill and R&D center

Business BureauBusiness

Godrej Agrovet Limited (GAVL) has announced a strategic expansion of its oil palm operations with the establishment of a cutting-edge Oil Palm Processing Mill and a Research & Development (R&D) center in Dhalai district, Tripura. This initiative is complemented by an increase in nursery capacity from 300,000 to 500,000 plants annually and the launch of "Samadhan," a comprehensive support center designed to assist oil palm farmers. The groundbreaking ceremony was marked by the presence of Tripura’s Agriculture & Farmers’ Welfare Minister Ratan Lal Nath and Dr. Harikrishna Kulaveerasingam, Head of R&D at SD Guthrie Plantations, Malaysia. The R&D center will…

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10 Aug

Godrej Agrovet to boost oil palm sector with new processing mill and R&D center in Tripura

Business BureauBusiness

Godrej Agrovet Limited (GAVL) is set to enhance the oil palm industry in Tripura with the establishment of a new Oil Palm Processing Mill and an advanced Research & Development (R&D) center. The facilities, located in Dhalai district, will significantly impact the local agricultural landscape. The company also plans to expand its nursery capacity from 300,000 to 500,000 plants annually. The announcement was made during a groundbreaking ceremony attended by Tripura's Agriculture & Farmers' Welfare Minister Ratan Lal Nath and Dr. Harikrishna Kulaveerasingam, Head of R&D at SD Guthrie Plantations, Malaysia. The R&D center will focus on developing high-yield, climate-appropriate…

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10 Aug

Bandhan Bank honors Leander Paes’s historic hall of fame induction

Business BureauBusiness

Bandhan Bank has celebrated Indian tennis legend Leander Paes’s landmark induction into the International Tennis Hall of Fame, making him the first Asian to receive this prestigious honor in the player category. The accolade highlights Paes’s exceptional contribution to tennis and his significant global impact over a distinguished career spanning more than thirty years. At a special felicitation ceremony, Ratan Kumar Kesh, MD & CEO (Interim) of Bandhan Bank, praised Paes’s achievements, stating, “Leander’s induction into the Hall of Fame is a proud moment for the nation. His relentless pursuit of excellence and sportsmanship serve as an inspiration to us…

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10 Aug

Team ‘Hemanta’ from Kamrup Rural, Assam shortlist for Samsung ‘Solve for Tomorrow’

Business BureauBusiness

Team ‘Hemanta’ from Kamrup Rural, Assam, has been shortlisted as one of the top 20 semi-finalists in Samsung’s flagship CSR programme, ‘Solve for Tomorrow’ 2024. Represented by 51 students from across the nation, these top 20 teams will attend a specially curated Innovation Walk at Samsung Offices and R&D Centres.The selected teams showcase remarkable geographical diversity, with participants hailing from remote locations such as Imphal in Manipur, East Khasi Hills in Meghalaya, and Bilaspur in Chhattisgarh. Among the ideas presented, 25% of the youth track focus on water conservation and curbing water pollution, while 20% of the school track aim…

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10 Aug

M&M inaugurates new dealership in Guwahati

Business BureauBusiness

Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra and Mahindra (M&M), today opened a brand-new dealership in Guwahati, Assam. Green Valley Autoworks is located at Jayanagar, Tripura Road near Nerim, Guwahati 781028 and will sell the entire range of LMM products including the all-electric Treo range – available in passenger as well as cargo, Zor Grand electric cargo, e-Alfa Plus rickshaw/Cargo, Jeeto (petrol/diesel/CNG) small commercial cargo 4-wheeler, and Alfa diesel/CNG 3-wheeler vehicles. The dealership boasts Mahindra-trained manpower for sales as well as service, excellent finance schemes for customers and lucrative exchange benefits. The dealership inauguration was done by…

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09 Aug

Akasa Air marks two years with over 11 million passengers, aims for global recognition

Business BureauBusiness

Akasa Air, India’s fastest-growing airline, is celebrating its second anniversary today, highlighting its rapid ascent in the aviation industry. Since launching its first commercial flight on 07 August 2022 from Mumbai to Ahmedabad, the airline has emerged as a leader in on-time performance and service excellence, having served over 11 million passengers. Vinay Dube, Founder and CEO of Akasa Air, expressed pride in the airline's achievements, noting, "We embarked on a journey to redefine air travel, and today, we have delivered on our commitment to reliability, service excellence, and affordability." The airline's success is backed by its empathetic crew, comfortable…

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09 Aug

LG expands self-laundry service to Kolkata institutes

Business BureauBusiness

LG Electronics has extended its innovative self-laundry service to three prominent institutes in Kolkata, enhancing student convenience and campus life. The new facilities, installed at IIT Kharagpur, Brainware University, and Ambuja Neotia University, feature 18 state-of-the-art LG Commercial Washing Machines. This expansion follows the successful launch of similar services at institutions like Galgotias College, BITSOM, and NIT Goa. The new installations are expected to serve around 3,600 students, offering them the convenience of managing their laundry through the 'Laundry Crew' app. This app allows for easy machine reservations, operations, and automated payments, ensuring a seamless experience. “Our goal is to…

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09 Aug

Kolkata shines as regional winner of LG’s All-India KPOP contest 2024

Business BureauBusiness

LG Electronics has proudly announced the winners of the second regional round of its All-India KPOP Contest 2024, held in Kolkata. The event, conducted in partnership with the Korean Cultural Centre India (KCC), celebrated outstanding talent in the KPOP community from the region. Ancy Irengbam clinched the top spot in the Vocals category, while the dance group Krazyones The Flowerknights dazzled the judges with their high-energy performance, securing the top position in the Dance category. Both winners showcased exceptional skill and a profound connection to KPOP, making the competition fierce and exciting.The All-India KPOP Contest 2024, now in its third…

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08 Aug

Study finds sucralose safe in small doses for diabetics

Business BureauBusiness

A groundbreaking study by the Madras Diabetes Research Foundation (MDRF) has revealed that small doses of sucralose, a non-nutritive sweetener, are safe for adults with type 2 diabetes (T2D) and may offer marginal health benefits. The study, India's first on the subject, explored the effects of replacing table sugar with sucralose in daily beverages such as coffee and tea. Conducted over 12 weeks, the randomized controlled trial involved 179 Indian participants with T2D. The research found that sucralose had no adverse impact on glycemic markers such as glucose or HbA1c levels. Participants using sucralose showed slight improvements in body weight,…

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08 Aug

Year after year Apollo Tires Q1 results: Net profit lapse 24% to ₹302 crore, revenue up 1.5% YoY

Business CorrespondentBusiness, News

Apollo Tires Q1 results: Apollo Tires on Wednesday, August 7 announced its April-June quarter results for the financial year 2024-25 (Q1FY25), reporting a 24 percent decline in net profit at ₹302 crore. While it was ₹397 crore last year. Same period last year. The Chennai-based tire maker's revenue from operations rose 1.4 percent to ₹6,335 crore in the first quarter of the current financial year, compared to ₹6,244 crore in the year-ago period.The company's net profit has declined due to lower sales and increased raw material costs. Apollo Tires' operating performance or EBITDA (earnings before interest, taxes, depreciation and amortization)…

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