Tuesday, May 26

Business

Royal Enfield sales upgrade 11% to 86,978 units in September
Business, News

Royal Enfield sales upgrade 11% to 86,978 units in September

New Delhi: Motorcycle maker Royal Enfield on Wednesday said its total wholesales grew 11 per cent year-on-year to 86,978 units in September.The company had dispatched 78,580 units in September 2023.Sales in the domestic market grew 7 per cent to 79,326 units from 74,261 units in the same period last year, Royal Enfield said in a statement.Exports rose from 4,319 units in September last year to 7,652 units last month.B Govindarajan, CEO, Royal Enfield said, “We have registered consistent growth in the month of September owing to our recent launches. The 2024 Classic 350 continues to solidify its iconic status and popularity among riders and is performing well.”He added that the company's momentum will only increase as it continues to innovate and deliver pure motorcycling experience.
With Nokia NetGuard Endpoint Detection and Response Vodafone Idea strengthens its India network security
Business

With Nokia NetGuard Endpoint Detection and Response Vodafone Idea strengthens its India network security

Vodafone Idea, one of India’s largest telco operators, has tapped Nokia NetGuard Endpoint Detection and Response (EDR) to strengthen network security against rising cyber threats and security vulnerabilities for its consumer and enterprise customers. NetGuard EDR, a telco-specific threat detection suite, will provide Vodafone Idea with real-time, automated monitoring to enable rapid detection and mitigation of endpoint-related security incidents. It will minimize security gaps, reduce the need for extensive testing, and optimize operational costs, while maintaining continuous service availability and performance of the protected endpoints in the entire Operational Technology (OT) network. NetGuard EDR’s vendor-agnostic capabilities will integrate seamlessly with Vodafone Idea’s existin...
Johnson’s Baby leverages technology to protect baby skin
Business

Johnson’s Baby leverages technology to protect baby skin

Johnson's® Baby, a pioneer in baby skincare, has unveiled its latest television campaign, "Irresistible Cheeks," under the broader umbrella of "Protection Pehle Din Se" (Protection from Day One). The campaign, featuring Bollywood stars Anil Kapoor and Sonam Kapoor, showcases the brand's commitment to leveraging technology and innovation to provide the best care for babies. The heartwarming film, conceptualized by DDB Mudra and produced by Flirting Vision, captures a playful interaction between a grandfather and his adorable grandchild. The story unfolds from the baby's perspective, highlighting their resistance to having their "irresistible cheeks" pulled. Sonam Kapoor then reveals the secret behind the baby's soft and smooth skin – Johnson's baby cream. "A newborn's skin is 30% thinne...
Adani Airports to flourish Rs 1,950 crore via NCDs
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Adani Airports to flourish Rs 1,950 crore via NCDs

Mumbai Adani Airport Holdings is raising Rs 1,950 crore through non-convertible debentures (NCDs) with the primary objective of providing inter-company loans to various airports, including Ahmedabad, Lucknow, Mangalore, Jaipur, Guwahati and Thiruvananthapuram.The NCDs with a coupon rate of 9.35% per annum will primarily cover payments made to the Airports Authority of India relating to prior period regulatory assets approved by the Airports Economic Regulatory Authority of India (AERA).The NCDs have received A+/Stable rating from both India Ratings and Crisil Ratings. Axis Bank and Trust Investment Advisors Pvt are the organisers of the issue which will open on September 30, 2024 with a tenure of 3 years, 11 months and 7 days.
Northeast unleashed: 30 new centres ignite entrepreneurship and skill development
Business

Northeast unleashed: 30 new centres ignite entrepreneurship and skill development

The Northeast region of India is set to experience a transformative shift in entrepreneurship and skill development with the inauguration of 30 Entrepreneurship Development Centres (EDCs) by Hon’ble Minister Jayant Chaudhary at the Northeast Skill Development and Entrepreneurship Conclave 2024, hosted at IIM Shillong. This event marks a milestone in the "Act First for Northeast" initiative, aimed at harnessing the region’s potential through collaborative efforts. Minister Chaudhary articulated a vision of resurgence, stating, “Our North-Eastern States have experienced a resurgence, reclaiming their position of prominence.” The conclave brought together leaders, industry experts, and academicians to discuss pathways for regional cooperation and innovation, focusing on upgrading Indu...
Toyota Kirloskar Motor takes the lead in sustainability on World Environment Health Day
Business

Toyota Kirloskar Motor takes the lead in sustainability on World Environment Health Day

Marking the World Environment Health Day, Toyota Kirloskar Motor (TKM) has reaffirmed its long-standing commitment to environmental sustainability. Over the years, TKM has consciously adopted sustainable business practices and transformed from a carmaker to a mobility company. Keeping with its principle of ‘Respect for the Planet’, Toyota globally announced the ‘Toyota Environmental Challenge 2050’ (TEC 2050) in October 2015, comprising six environmental challenges. The first set of 3 challenges focuses on achieving carbon neutrality from our products and its entire value chain, including the manufacturing activities. The company’s eco-conscious efforts not only focus on positively contributing to the environment but also promote sustainable living among various stakeholders to ena...
Ola Electric shares drop 4%; plunge below Rs 100 for first time since listing
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Ola Electric shares drop 4%; plunge below Rs 100 for first time since listing

Shares of Ola Electric Mobility declined over 4 per cent on September 30, pushing the stock below the Rs 100 mark for the first time since its listing on the bourses. Moreover, the stock has been in the red in 12 of the last 14 sessions.According to this, it has fallen by more than 16 percent in the last one month. At 12.22 pm, Ola Electric Mobility shares were trading at Rs 98.80 on NSE.The company recently launched its 'Network Partner Program' to expand EV penetration in tier-2 and tier-3 cities. Ola Electric has already onboarded 625 partners to expand its sales presence across India, and plans to reach 1,000 partners before the upcoming festive season.Brokerage firm HSBC pointed out in a recent note that it visited several Ola service stations and found many were overwhelmed with ser...
PNB inflation Rs 5,000 crore through QIP issue
Business, News

PNB inflation Rs 5,000 crore through QIP issue

New Delhi: Public sector Punjab National Bank (PNB) has raised Rs 5,000 crore by issuing equity shares to qualified institutional investors.PNB said in a statement that, The bank allotted around 48.19 crore equity shares at an issue price of Rs 103.75 per share, which was at a discount of 4.96 percent to the floor price of Rs 109.16 per share.The bank said its QIP issue is open for subscription from September 23 to 26, 2024.The bank said that "The Bank received bids of Rs 41,734 crore for the QIP issue from qualified institutional buyers (QIBs), including mutual funds, foreign portfolio investors (FPIs), insurance companies, etc., which is 16.7 times the base issue size of Rs 2,500 crore and 8.3 times the total issue size of Rs 5,000 crore".He said the capital raised through the QIP issue...
Boost Your Retirement Savings with ICICI Prudential’s New Signature Pension Offering
Business

Boost Your Retirement Savings with ICICI Prudential’s New Signature Pension Offering

ICICI Prudential Life Insurance has launched ‘ICICI Pru Signature Pension’, a market linked pension product enabling customers to build a cost and tax efficient retirement fund. Retirement planning is a crucial activity and a must for all customers to be financially independent. This unique product helps customers to effectively plan for both the accumulation and income generation phases of retirement planning. Announcing the launch Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “We are happy to offer ICICI Pru Signature Pension, a market linked product which provides customers the opportunity to participate in the India growth story to build their retirement corpus. Importantly, the product allows customers to make a tax-free withdrawal of...
Toyota Kirloskar Motor’s modified Hilux: A game changer at Himtech 2024
Business

Toyota Kirloskar Motor’s modified Hilux: A game changer at Himtech 2024

Toyota Kirloskar Motor (TKM) has showcased special-purpose Hilux (modified with the support of an authorized external vendor) at the Himtech 2024 symposium, organized by the Indian Army jointly with FICCI (Federation of Indian Chambers of Commerce & Industry). Moving towards the national goal of “Raksha Atamanirbharta’, and to provide the defense forces with access to the best equipment and solutions available, these two organizations (Indian Army & FICCI) have collaborated for "HIMTECH 2024" with an emphasis on utilizing military technology for high altitude areas (HAA). The event, held at the Rinchen Auditorium Grounds, Leh, Ladakh, on 20th and 21st September 2024, witnessed the presence of senior officials from the Army Commands, Air Force, ITBP (Indo-Tibetan Border Poli...