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16 May

Hero MotoCorp Steps into Digital Commerce, Joins ONDC Network

Business BureauBusiness

Aligned with its customer-first approach, Hero MotoCorp, the world’s largest manufacturer of scooters and motorcycles, has joined the ONDC Network, thereby becoming the first auto company in the country to join the network. Hero MotoCorp, with India's largest physical distribution network, is partnering with ONDC to expand its reach and convenience by offering a digital mode for customers. The Open Network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover Hero Genuine Parts by using any buyer apps on the Network, such as Paytm and Mystore, among others. Hero MotoCorp's integration enhances reach and efficiency for channel…

16 May

Daksh Gurukul Skill Academy Launched by NSDC and IIT Guwahati to train youth in new-age skills

Business BureauBusiness

National Skill Development Corporation (NSDC) under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE) and Indian Institute of Technology (IIT) Guwahati, launched the Daksh Gurukul Skill Academy to provide credit linked programs in new-age skills to the youth. The event was graced by Dr. B Kalyan Chaudhary, Principal Secretary, Skill Development, Government of Assam; Prof. Rajeev Ahuja (Director, IITG) and Prof. Gaurav Trivedi (Associate Dean- Faculty Affairs, Coordinator- Daksh Gurukul-IITG). Mr. Abhinav Mishra from NCVET, Mr. Pravesh Dudani, Academic Advisor-NSDC and Chancellor Medhavi Skills University, Dr. Mohan V Aware, Director, NIT Arunachal Pradesh, Prof. Eshankur Saikia from…

16 May

ExxonMobil celebrates 30 Remarkable years of partnership with Mercedes-Benz India

Business BureauBusiness

ExxonMobil, a global leader in synthetic motor oils, recently commemorated 30 years of successful partnership with Mercedes-Benz India. The milestone event held at the Mercedes Benz India facility at Chakan, Pune, highlighted the enduring collaboration between the two pioneers, and their commitment to furthering innovation and mutual growth in the sector. ExxonMobil has worked closely with Mercedes Benz in order to produce and deliver synthetic motor oils that satisfy the changing demands of Mercedes Benz's expanding luxury range in India, which includes SUVs like the GLE and GLS, as well as the A-Class limousine and Mercedes Maybach S 580 limousines.…

16 May

Bajaj Allianz Life sets new benchmark with Rs. 1,383 crores bonus declaration for FY2024

Business BureauBusiness

Bajaj Allianz Life, a prominent private life insurer in India, has announced bonuses for the 23rd consecutive year. This is for the over 11.66 lakh policyholders who have invested in the Company’s participating products. The company has declared its highest bonus ever at Rs. 1,383 crores for FY2024. The bonuses declared in each financial year are accumulated and distributed upon policy maturity or exit. Additionally, cash bonuses will be paid out on specific policy events in accordance with policy conditions. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, "We are happy to declare one of the highest bonuses…

15 May

Abans Holdings FY24 net profit rises 27% to Rs 89 crore

Business Correspondentbreaking news, Business, Economy, Latest

Mumbai: Abans Holdings, a diversified financial services company, on Tuesday said it booked a consolidated net profit of Rs 89.2 crore during the financial year 2024 (FY24), compared to Rs 70 crore during the previous financial year, an increase of 27.4%. The company reported 18.6% growth in consolidated total income during FY2024 to Rs 1,380 crore from Rs 1,164 crore a year ago.Abans Holdings also said it has received approval from markets regulator SEBI to act as investment manager for Alternative Investment Funds (AIFs) in India. "This achievement elevates the company from a holding entity to an operating entity," it…

14 May

TML reports Consolidated Q4 FY24 Results

Business BureauBusiness

Tata Motors Ltd.(TML) announced its results for quarter ended march 31, 2024. Revenue at Rs.120.0K Cr (+13.3%), EBITDA at Rs.17.9K Cr (+26.6%), PBT (bei) at Rs.9.5K Cr (+4.4K Cr), PAT at Rs.17.5K(+12K Cr) Cr, and free cash flows from automotive sources were Rs.14.1K Cr (+2.8K Cr) compared to PY. JLR revenue raise by 10.7% to £7.9b, with EBITDA at 16.3% and EBIT at 9.2%. Tata CV revenue increased by 1.6% to Rs.21.6K Cr, with EBITDA at 12.0% and EBIT at 9.6%, respectively. Tata PV Revenue up 19.3% Rs.14.4K Cr, , EBITDA at 7.3% (flat yoy), EBIT at 2.9% (+150 bps).…

14 May

Johnson’s Baby launches a digital film titled ‘The Long Wait for Day 1’

Business BureauBusiness

Johnson's Baby, a leading baby skincare company, has released a digital film titled 'The Long Wait for Day 1', which pays tribute to mothers and their journeys. On Mother’s Day, Johnson’s Baby’s latest film conceptualised by DDB Mudra celebrates the different journeys of mothers, including adoption, in vitro fertilization (IVF), or preterm and reinforces the brand’s commitment to supporting motherhood in all its forms. The film 'The Long Wait for Day 1', part of Johnson's Baby #PromisePehlePalSe campaign, follows the stories of Neha, Maya, and Geet, each embarking on their unique journeys to motherhood. Neha, who conceives through IVF after…

14 May

Care Health Insurance Spearheads Early Breast Cancer Detection Campaign in India on Mother’s Day

Business BureauBusiness

This Mother’s Day Care Health Insurance emphasizes importance of raising awareness about breast cancer, a pressing health issue for women globally. In the Southeast Asia region alone, breast cancer deaths are projected to rise to 61.7% by 2040, underscoring the imperative for proactive steps to tackle this illness. Care Health Insurance is focusing on early detection of breast cancer in Indian women, particularly those aged 25-59, to ensure their health and well-being, as the incidence of breast cancer is increasing and ensuring quality healthcare accessibility. Mr. Ajay Shah, Head – Distribution, Care Health Insurance, commented, "We understand the importance of…

14 May

‘Lubricants market will araise well, EVs both an opportunity and a challenge’:

Business Correspondentbreaking news, Business, Latest

Petroleum-based lubricants used in internal combustion engines (ICEs) are being threatened by the growing trend of electric vehicles (EVs), which run on batteries instead of engines. Gulf Oil Lubricants India Limited, part of the Hinduja Group-owned Gulf Oil International, is a leading player in the domestic lubricants market and is valued at around Rs 4,500 crore on the stock exchanges. In conversation with Aggam Walia, Ravi Chawla, Managing Director and CEO, Gulf Oil India, talks about tackling the EV threat, Gulf's acquisitions in the EV sector and the role of lubricants in improving fuel economy.The lubricants market, at least in…

13 May

HMD announces Dispojekt Syringes on Nurses Day to combat needle stick injuries

Business BureauBusiness

In honor of Nurses Day, Hindustan Syringes and Medical Devices (HMD), a leading manufacturer of medical equipment, has introduced Dispojekt single-use syringes with safety needles, aiming to protect nurses from the risks of needle stick injuries (NSIs). This innovative product launch addresses a pressing concern within the healthcare industry, as needle stick injuries pose a significant threat to the health and safety of nurses worldwide. With approximately 27 million individuals comprising the global nursing and midwifery workforce, accounting for nearly half of the global health workforce, the need for enhanced safety measures is paramount. According to WHO, over 16 billion…