Business

The demand for larger housing in India's residential real estate sector is set to increase over the next decade, this is in line with a significant shift seen in the last five years, where there has been a staggering 1,000% increase in launches of high-end residential units priced above Rs 1.5 crore between 2019 and 2023. Meanwhile, new launches of units priced below Rs 75 lakh, including affordable housing, remained stable across the top seven cities in the country, while sales increased by 27 percent. With declining inventory levels, which are currently the lowest in a decade, and average prices rising 26 percent over five years, the scales appear to be tilted towards the premium end of the market, where developers are looking for increased demand and better margins. Although affo...

MG Motor India said on Thursday it has partnered with the Epsilon Group for EV charging solutions and battery recycling. As part of collaboration, the automaker has signed a MoU with two subsidiaries of Epsilon Group – Power EV, for charging solutions, and LICO, for battery recycling and second-life expertise. As per the agreement, Power EV will provide custom charging technology to develop AC and DC charging solutions for MG's EVs. MG Motor India said in a statement that through active participation in the MG Charge initiative – deploying 1,000 charging points over 1,000 days within residential communities and apartments across India – Power EV aims to expand the availability of AC chargers and to provide high-speed charging to customers across the country. It aims to strengthen...

Rapido, India's leading commute app, has launched the "SawaariZimmedariKi" initiative to strengthen the nation's democratic fabric. In collaboration with the Meghalaya State Election Commission, Rapido sets forth to champion civic engagement during the Indian General Elections 2024. As part of this historic endeavor, Rapido pledges to provide free bike taxi rides to voters in Shillong on the 19th April. Rapido is offering free rides to voters on election day using the code 'VOTENOW', aiming to facilitate voting rights and ensure inclusivity. The initiative aligns with Rapido's nationwide campaign, which deploys over 10 lakh captains across over 100 cities to provide free rides. Rapido's partnership with the Meghalaya State Election Commission demonstrate its commitment to driving c...

Toyota Kirloskar Motor (TKM) has rolled out its latest offering, the Innova HyCross Petrol GX (O) grade, aimed at meeting the evolving needs of customers. Priced competitively at Rs 20,99,000/- (ex-showroom), the GX (O) grade promises to elevate the driving experience with over 10 advanced comfort and technology features. The new grade comes equipped with a range of enhancements, including front LED fog lamps, rear parking sensors, and a panoramic view monitor. Inside, customers will find chestnut-themed interiors, soft-touch materials, and a 10.1-inch infotainment system with wireless Apple CarPlay. Powered by a 2L TNGA Gasoline Engine delivering 128 kW (174 PS) and 205 Nm of torque, the Innova HyCross Petrol GX (O) grade offers robust performance coupled with a fuel economy of 16....

Indri Single Malt Whisky, produced by Piccadily Distilleries, has surged to unprecedented heights, emerging as the fastest-growing single malt whisky worldwide. Within a mere two years of its launch, Indri-Trini has shattered expectations by selling over 1,00,000 cases, capturing a remarkable 30% market share in India, surpassing industry giants. Experiencing an extraordinary growth rate of 599% compared to the previous year, Indri is not only rewriting records but revolutionizing the landscape of premium spirits. Piccadily Distilleries, driven by ambitious expansion plans, aims to secure a position among the top 5 best-selling single malt whiskies globally.Since its introduction in November 2021, Indri has garnered over 25 prestigious accolades, including the coveted titles of 'Best I...

The National Stock Exchange (NSE) has found itself contending with a formidable foe: deepfake technology. These advanced digital manipulations employ artificial intelligence algorithms to create convincingly realistic videos, often impersonating individuals and disseminating false information. The latest victim of this phenomenon is NSE's CEO, Shri Ashishkumar Chauhan, whose likeness and voice have been replicated in deceptive videos offering fraudulent stock advice. Deepfakes pose a significant threat to the integrity of financial markets, raising concerns about the spread of misinformation and its potential impact on investor trust. Recognizing the gravity of the situation, NSE has taken proactive measures to address this challenge. The exchange is leveraging a combination of tech...

The National Stock Exchange of India (NSE) has completed its inaugural deep-dive workshops, focusing on various sectors of the Indian industry. These pivotal events were held across two days at different venues: the first in Mumbai on April 3, 2024, and the second in New Delhi on April 5, 2024. The International Finance Corporation (IFC) and Climate Bond Initiative (CBI) have jointly organized workshops titled 'Deep Dive in Green, Social, and Sustainability (GSS) Bonds Issuance Process', sponsored by HSBC and The Kingdom of the Netherlands. The initiative aimed to promote the use of GSS bonds for a sustainable future in India. It aimed to enhance knowledge and foster discussions about the growing field of GSS bonds, bridging the climate financing gap. Shri Ashishkumar Chauhan, MD &...

ExxonMobil's Mobil 1™ motor oil brand embarks on a journey of celebration and reflection as it marks its 50th anniversary in the automotive industry. From its inception as the pioneering synthetic motor oil to its current status as a global leader in engine protection, Mobil 1™ has left an indelible mark on the automotive landscape. Throughout 2024, Mobil 1™ will captivate audiences with a series of initiatives that not only celebrate its rich heritage but also offer a glimpse into the future of automotive lubrication. At the heart of these celebrations lies a captivating short film, narrated by former Formula 1 racer David Coulthard, which will take viewers on an immersive journey through Mobil 1's evolution, from its groundbreaking innovations to its influential collaborations.Moreov...