Business

05 Oct

Torrent investments moves SC against Reliance Cap

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Torrent Investments Pvt. Ltd filed an urgent letter in the Supreme Court challenging the March 2 order of the National Company Law Appellate Tribunal, which allowed Reliance Capital's creditors to initiate a second auction as part of the corporate insolvency resolution process. In its three-page letter, Torrent said it sought the apex court's intervention for an urgent hearing and final disposal of its pending appeal, challenging the second round of auctions for debt-laden RCap's assets. In the second auction in April, Hinduja Group's IndusInd International Holding Ltd was the sole bidder. "Any further progress pursuant to the conduct of the…

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05 Oct

NESFB has received NOC from RBI for merger of GIPL (slice) with the bank

Business Correspondent0 CommentsBusiness

North East Small Finance Bank (NESFB) have received a No Objection Certificate (NOC) from the Reserve Bank of India for the proposed merger of GIPL (slice), a fintech unicorn with NESFB, the local small finance bank headquartered in Guwahati, Assam. This is a pathbreaking move to accelerate their joint vision of expanding tech-enabled financial accessibility to the interiors of North East in addition to across the other states of the country. In the forthcoming months, NESFB will work towards receiving the requisite approval from other regulatory bodies namely NCLT, SEBI, etc. for the merger to be completed. On this momentous occasion, Ms. Rupali Kalita, MD &…

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04 Oct

Centre hikes LPG subsidy for Ujjwala beneficiaries to ₹300 per cylinder

Business Correspondent0 CommentsBusiness

The union govt. has increased subsidy amount for the beneficiaries of Pradhan Mantri Ujjwala Yojana to ₹300 (an increase of rupees 100) per LPG cylinder, Union minister Anurag Thakur said during a briefing on Cabinet decisions on Wednesday. The market price of a LPG cylinder weighing 14.2 kg is Rupees 903, whereas the beneficiaries of the Ujjwala scheme currently pay ₹703 per 14.2-kg cylinder. After the decision of the Union Cabinet, they will now pay ₹603.

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04 Oct

Ather Energy has opened its first Experience Centre in Mizoram, partnering with MST Motors

Business Bureau0 CommentsBusiness

Ather Energy, India's first intelligent electric scooter manufacturer, has opened its first Experience Centre in Bawngkawn, Aizawl, in association with MST Motors. The centre will offer test rides and purchase of the Ather 450X and 450S, two of the company's most popular models at the Experience Centres. The experience centre provides an interactive environment for electric scooter enthusiasts to learn about Ather's range of scooters.  Test ride appointments can be scheduled through Ather Energy's website before visiting the Experience Centres. The Ather 450X, with a 3.7 kWh battery, will be available for test rides and purchase at the centre from…

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04 Oct

Eastern Region Roundtable organized by NATHEALTH and INVEST INDIA in Guwahati

Business Bureau0 CommentsBusiness

In a significant milestone for the healthcare sector, NATHEALTH, in collaboration with INVEST INDIA, successfully organized the East Region Roundtable in Guwahati. The roundtable was organized to understand the healthcare requirements, ecosystem, and opportunities for investment in the region. The event brought together key stakeholders, including government officials, healthcare providers, industry experts, and community representatives, focused on fostering dialogue and collaboration to enhance healthcare services in Assam. Over 70 experts from various organizations, including the Indian Medial Association, Association of Hospital Providers of India North East Chapter, IIT Guwahati, Assam Cancer Care Foundation, Assam Medical Services Corporation Limited, and the…

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04 Oct

Amazon Great Indian Festival 2023 with never-seen-before deals

Business Bureau0 CommentsBusiness

The Amazon Great Indian Festival (GIF), the most awaited festive event in India, will start from October 8, with 24 hours early access for Prime members. Customers can enjoy never-seen-before deals on the widest selection of products for customers, at great value and with the convenience of fast and reliable delivery. Customers will also get early access to more than 25,000 products till October 6 through Kick Starter Deals. Manish Tiwary, Vice-President & Country Manager, India Consumer Business, Amazon said, "We are geared-up to bring ‘boxes of happiness’ to our customers pan India and offer them a wide selection, unmatched…

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04 Oct

TKM reported a record sales performance in September 2023, selling 23,590 units

Business Bureau0 CommentsBusiness

Toyota Kirloskar Motor registered yet another remarkable month of performance, selling 23,590 units in the month of September 2023. This represents a strong growth of (+) 53% over the same period last year where the company sold 15,378 units. Total sales achieved include domestic units of 22,168 and export of 1,422 units. In the previous month of August 2023, the company achieved its highest monthly wholesale figures ever by selling 22,910 units. TKM experienced a 35% growth in sales in the first six months of the current fiscal year, selling 1,23,939 units compared to 91,843 units last year. This success…

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04 Oct

Samsung Announces Special Pricing on Select Galaxy M and Galaxy F series

editor0 CommentsBusiness

Samsung has introduced special pricing on its Galaxy M and F series smartphones, starting at INR 6499. The Galaxy M04 and Galaxy F04 are available in stunning style, providing uninterrupted performance and unparalleled experiences for young Gen Z consumers. The Galaxy M04 and Galaxy F04 are performance-driven devices with 8GB RAM Plus, 128GB expandable storage, and a 5000mAh battery. They offer a stylish glossy design, two OS upgrades, and Face Unlock feature, making them ideal for multitasking and staying ahead of the curve.The Galaxy M13 and Galaxy F13 will be available for purchase at INR 9199 during the festive season.…

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04 Oct

Nissan brought the trophy to Gurgaon at World Mark-1

Business Bureau0 CommentsBusiness

Nissan, as the Official Partner of the ICC Men’s Cricket World Cup 2023, gave cricket fans a fantastic opportunity to be up close with the exclusive trophy. The official ICC Men’s Cricket World Cup trophy, after a journey around the globe, was brought to Delhi NCR for everyone to witness and experience. The trophy was toured by Nissan to Gurgaon at World Mark-1 on 29th September, and the Ambience Mall, on 30th September and 1st October. The ICC Men's Cricket World Cup Trophy Tour began on 27 June 2023, traveling around the globe. The trophy returned to India, visiting shopping…

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04 Oct

Meta floats $14 a month ad-free plan for Instagram

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Mark Zuckerberg-owned Meta may soon charge users in the European Union (EU) a $14 monthly subscription fee to use Instagram on their phones, unless they allow the social media platform to use their personal data for targeted advertising, The Wall Street Journal (WSJ) reported on Tuesday. Meta will charge users $17 for desktop versions of Facebook and Instagram from next week, the report added. The social media company was fined 390 million euros by Ireland's data privacy commissioner earlier this year and told it could not use the so-called "contractual" legal basis to send ads to users based on their…

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