India

Tata Motors announces Financial Results of Q3

Tata Motors announces Financial Results of Q3

Tata Motors Ltd announced its results for quarter ending December 31, 2021. The automaker reports that its Jaguar Land Rover division’s sales remain significantly constrained by chip shortages and low inventories with retail sales in Q3 of 80,126 vehicles, down 13.6% from Q2 FY22 and 37.6% from Q3 FY21. Revenue was £4.7 billion, up 22% from Q2 FY22 but down year on year but down year on year. EBIT margin was 1.4% and free cash flow was positive at £164 million in Q3 FY 22.Tata Motor’s India operations showed significant revenue improvement as compared to Q3 a year ago, however…
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NEW RANGE ROVER SV sets standards of luxury

NEW RANGE ROVER SV sets standards of luxury

Land Rover has opened bookings for New Range Rover SV in India with a choice of exclusive design themes, details and material choices from Special Vehicle Operations. The Range Rover SV features a refined new 4.4 l Twin Turbo petrol which delivers a power of 390 kW and torque of 750 Nm and the efficient 3.0 l straight-six diesel which delivers a power of 258 kW and torque of 700 Nm. The New Range Rover SV will be available in both Standard and Long Wheelbase body designs, including a five-seat LWB configuration for the first time. LWB customers also have…
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Ujjivan SFB contributes Rs. 10,00,000 to PM Cares Fund

Ujjivan SFB contributes Rs. 10,00,000 to PM Cares Fund

Ujjivan Small Finance Bank announced that it has vaccinated close to 4,000 beneficiaries in five regions, namely Sripatipur, Parambuya, Kaikala, Anur and Sudarshan More, in Hooghly district of West Bengal. Ujjivan SFB had conducted the vaccination camps in most rural and remote locations of the state in the three districts, namely Hooghly, North 24 Parganas and Nadia, and vaccinated about 8,750 individuals in the state of West Bengal. Ujjivan SFB has attributed the success of vaccination camp to its own employees who contributed in spreading awareness about the importance of vaccination and in mobilising individuals in Hooghly district to get…
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Gold demand hits highest level in more than two years

Gold demand hits highest level in more than two years

The latest Gold Demand Trends Report of the World Gold Council disclosed the annual demand (excluding OTC markets) has retrieved many of the COVID prompt losses from 2020 to reach 4,021t for the full year in 2021. The reports shows the demand for gold reached 1,147tin Q4 2021, its highest quarterly level since Q2 2019 and an increase of almost 50% year-on-year, according to the World Gold Council. Gold bar and coin demand rose 31% to an 8-year high of 1,180t as retail investors sought a safe haven against the backdrop of rising inflation and ongoing economic uncertainty caused by…
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Lenskart plans to establish 1000th outlet in February

Lenskart plans to establish 1000th outlet in February

India’s fastest growing Omni-channel eye-wear brand, Lenskart launched 73 stores on the occasion of India’s 73rd Republic Day across 46 cities and 19 states. The 73 store launches include states like Bihar, Assam, West Bengal, Himachal Pradesh, Jammu & Kashmir, Gujarat, Chhattisgarh, and Punjab along with several others. Lenskart aims to set-up a total of 400 stores in the FY 2022, 73 stores launched was predominantly in Tamilnadu -17 stores, 10 in Karnataka and 6 each in Telangana and Kerala amongst others. With this company has started its countdown to successfully establish its landmark of 1000th store in February this…
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“Step Up Scholarship” program offers 1000+ scholarships

“Step Up Scholarship” program offers 1000+ scholarships

has announced 1000+ scholarships amounting to INR 5 Crores through its "Step Up Scholarship" program. The program offers an opportunity for students to launch their careers with outcome-oriented and impactful higher education programs. Under this breakthrough initiative, students pursuing or planning to pursue Post Graduate courses (MBA, MCA, and PGDM) are eligible to apply for scholarships up to 100%. As a first step towards availing the Scholarship, aspirants must take the "Step Up Scholarship" test to be conducted on the 5th & 6th of February 2022. The test will entail multiple-choice questions on quantitative and verbal aptitude, psychometric abilities, current…
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Nissan Magnite’s export markets expanded by 13, to 15 in total

Nissan Magnite’s export markets expanded by 13, to 15 in total

Nissan has said that after the successful first year sale of its highly popular Magnite compact SUV, the company has expanded the number of export markets to 15 in total. Magnite, produced at Nissan’s Chennai plant in Tamil Nadu, was launched in December 2020 and has since gone on to achieve 78,000 cumulative customer bookings in India alone, with a further 6,344 shipped overseas. Magnite was the first global product to launch under the Nissan NEXT transformation plan, shifting the company’s focus towards high-demand products that deliver lasting value to the business and to customers. Following the successful introduction of…
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FICSI signed an MoU with IGCC

FICSI signed an MoU with IGCC

Food Industry Capacity & Skill Initiative (FICSI) has signed a Memorandum of Understanding (MoU) with Indo German Chamber of Commerce (IGCC) to establish Centres of Excellence (CoE) for dual bakery training according to set standards of German Dual System, giving a push to endeavors focused on apprenticeship training. The aim of the collaboration is to set up new baking-related vocational training courses in India. There is a demand for well-qualified candidates in the bakery sector, which is not met, currently. The purpose of these courses is to meet the changing requirements of the enterprises in India and global markets. Commenting…
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‘Investigation Not On Right Lines, Conversion Attempt Not Improbable’ : Madras High Court Orders CBI Probe Into Tanjavur Girl’s Suicide

‘Investigation Not On Right Lines, Conversion Attempt Not Improbable’ : Madras High Court Orders CBI Probe Into Tanjavur Girl’s Suicide

The Madurai Bench of the Madras High Court on Monday transferred the Lavanya suicide case to the Central Bureau of Investigation after the victim’s parents had filed a petition seeking a CBI probe into the matter. The case was transferred to the CBI on the day when the NCPCR team is visiting Thanjavur to conduct a probe into the case and enquire with officials involved. The NCPCR had earlier alleged that the Tamil Nadu government was not cooperating with the enquiry presided over by their state team and therefore they had to get a team from the Centre to conduct…
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Delhi Airport Implemented “One-Hand Bag Rule”

Delhi Airport Implemented “One-Hand Bag Rule”

Delhi airport implemented the rule which allowed a domestic passenger to carry only one piece of luggage or handbag as cabin luggage. The Central Industrial Security Force requests to Bureau of Civil Aviation Security to ensure that the one bag rule is enforced by all stakeholders and airlines as passengers carrying 2-3 hand baggage create congestion at security check-point and increase security screening time that results in inconvenience to passengers. There are some exclusions like Ladies handbag, an overcoat or a wrap, a rug or blanket, a camera or pair of binoculars, a reasonable amount of reading material, an umbrella…
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