Tamil Nadu, October 11 (Meel Bijendra) – Indian Titan Company Limited which mainly manufactures fashion accessories like jewellery, watches, and eyewear has witnessed an excellent performance in FY 2022-23 with a growth of 43% in net UCP terms and net selling price terms as compared to FY 2021-22. The company saw good performance in both … Read more
Mumbai, October 5 (Meel Bijendra) – Asian Paints operates in emerging economies through its seven corporate brands, viz Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans, and Kadisco Asian Paints. From manufacturing locations to retail outlets, Asian Paints has the largest distribution and retail network in the Indian paint industry. … Read more
Mumbai, October 5 (Meel Bijendra) – With a clear vision, Wipro aims to leverage AI to revolutionize industries and drive innovation at every level, setting a new benchmark for intelligent enterprises around the world. Through Wipro’s commitment to AI, the company is set to shape the future and redefine the possibilities of technology. Investing in … Read more
Rajasthan, October 5 (Meel Bijendra) – From humble origins, Bikaji embarked on an ambitious mission to grow and strengthen its business, leading the company to reach an unprecedented milestone in 2022 when it took the significant leap of going public. Take a glimpse of the captivating chapters that have shaped Bikaji’s remarkable journey so far: … Read more
New Delhi, October 5 (Meel Bijendra) – More than 28 million users on iMobile Pay: iMobile Pay, ICICI Bank’s mobile banking application, has more than 28 million users. The total value of transactions done through this app stood at close to INR 9,000 billion in fiscal 2023. Over 1.5 million users on InstaBIZ: ICICI Bank … Read more
Mumbai, October 5 (Meel Bijendra) – Indian aluminum and copper manufacturing company Hindalco Industries Ltd has signed a Memorandum of Understanding (MoU) with Odisha Mining Corporation for long-term supply of bauxite ore for the proposed 2 million tonne alumina refinery and 150 MW captive power plant at Kansariguda in Rayagada district. This will be the … Read more
Mumbai, October 2 (MeelBijendra) – Reliance Retail further strengthened its position as the largest retailer in India and the only Indian retailer to feature in the top 100 retailers globally. Reliance Retail crossed the 1 billion transaction mark in the financial year 2022-23. The retail business expanded its store network by adding over 3,300 new … Read more
Mumbai, October 1 (MeelBijendra) – Kotak is one of India’s leading diversified and integrated financial services conglomerates, providing a wide range of financial solutions, covering banking (consumer, commercial and corporate), credit and financing, asset management, alternate assets, life and general insurance, stock broking, investment banking, private banking, microfinance and asset reconstruction across customer and geographic … Read more
Gurugram, October 1 (Meel Bijendra) – Indian multinational restaurant aggregator and food delivery company Zomato has spun off its wholly owned subsidiary Zomato Chile SPA (ZM Chile) based in Chile with effect from September 29, 2023. Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah and became a public company in July 2021, … Read more
Mumbai, September 25 (Meel Bijendra) – State Bank of India (SBI) has raised INR 10,000 crore through long-term infrastructure bonds at 7.49% coupon rate, and with this issue, SBI has a long-term bond outstanding of INR 39,718 crore. State Bank of India became the third lender and seventh Indian company to cross the market capitalization … Read more
Gujarat, September 24 (Meel Bijendra) – The total deposits of Bank of Baroda increased to INR 12,03,688 crore during FY 2023 from INR 10,45,939 crore during FY 2022, registering a growth of 15.1% on an annual basis. Bank of Baroda is the second largest public sector bank in India after State Bank of India with … Read more
Mumbai, September 19 (Meel Bijendra) – The Indian economy received a significant boost with the acceptance of digitalization by intermediaries across the value chain (consumers, suppliers, wholesalers/distributors), supported by better internet infrastructure and connectivity. India’s digital journey holds significant potential for growth, supported by the interest of large corporates to democratize data and serve stakeholders. … Read more
Gujarat, September 17 (Meel Bijendra) – India ranks fourth in the world in terms of renewable energy installed capacity, including large hydro. Apart from this, it also ranks fourth in both Wind Power capacity and Solar Power capacity. India announced its ambitious targets to install 500 GW of non-fossil fuel capacity by 2030, achieve net-zero … Read more
New Delhi, September 16 (Meel Bijendra) – Energy utilities are leading the world’s energy transition, investing in renewable energy sources as part of their journey to carbon neutrality. Leaders in the sector are innovatively using technology to attract environmentally conscious consumers looking for green alternatives and to grow their new clean energy businesses. Eversource Energy … Read more
Mumbai, September 15 (Meel Bijendra) – Several developments over the past few years have helped shape India’s payments landscape, be it innovation in mobile payments infrastructure, continued regulatory support, or government initiatives to increase consumer and merchant acceptance. Given the growing shift towards a cashless economy and users’ preference for transactions via smartphones, mobile payments … Read more
Mumbai, September 14 (MeelBijendra) – IndiGo’s journey began almost 17 years ago with an aircraft and a flight to Imphal via Guwahati. At the end of FY2023, IndiGo operated over 1800 daily flights covering 104 destinations with its fleet of 304 aircraft. IndiGo’s achievement of this objective has given the company a place of reckoning … Read more
Madhya Pradesh, September 14 (MeelBijendra) – ACC Limited, India’s leading producer of cement and ready-mix concrete, on Thursday announced the commencement of commercial production of clinker at its new state-of-the-art Ametha Cement Plant located in the heart of Katni district of Madhya Pradesh, India. Adani Group-led ACC Ltd’s Ametha Integrated Cement Plant has a clinker … Read more
New Delhi, September 12 (Meel Bijendra) – The retail franchise of Axis Bank, India’s third largest private sector lender, delivered strong growth driven by improving deposit quality and higher market share in key businesses. Axis Bank achieved several all-time annual highs by adding 10.8 million new liability relationships in FY23 and achieved record loan disbursements … Read more
Mumbai, September 12 (MeelBijendra) – Adani Wilmar is the market leader in India’s edible oil segment and ROCP (Refined Oil Consumer Pack) segment with over 19.5% market share through its brand portfolio. Adani Wilmar is involved in crushing and processing oilseeds to extract crude oil. Crude oil, obtained externally or internally through a crushing process, … Read more
Mumbai, September 10 (MeelBijendra) – India set ambitious targets to achieve energy independence by 2047 and reach net zero emissions by 2070. The key to achieving these goals lies in the widespread adoption of renewable energy across all sectors of the Indian economy. Of all the options that could facilitate this energy transition, green hydrogen … Read more
Gujarat, September 10 (MeelBijendra) – Mahindra has announced to invest INR 10,000 crore over a period of 7-8 years through its subsidiaries to accelerate the electric vehicles (EV) segment. These investments will be for setting up the manufacturing facility, development and production of Mahindra’s upcoming electric vehicles. The company strengthened its vision by setting up … Read more
Urbanization is one of the most important pillars of India’s development story. India’s total urban population at 508 million in 2022 was the second largest urban population in the world, second only to China. However, only 36% of India’s population is classified as urban, while the global average is around 57%. It is the pace … Read more
Mumbai, September 10 (MeelBijendra) – Tata Motors‘ passenger and electric vehicle business in India continues strong performance for the third consecutive year and recorded its highest-ever annual sales of approximately 5,41,000 vehicles in FY23 which is a growth of 45% compared to FY22. EV sales crossed the 50,000 annual sales milestone and accounted for 12% … Read more
Mumbai, September 10 (MeelBijendra) – Bikaji’s flagship product Bikaneri Bhujia has given the company recognition across borders and Bikaji is now the leading manufacturer of Bikaji Bhujia and the second-largest producer of handmade papad. Bikaji truly embarked on a remarkable journey in the early 90s and has established Bikaji as India’s favorite snacking partner. On … Read more
New Delhi, September 9 (MeelBijendra) – The G20 summit is being held in the Indian capital New Delhi on 9 and 10 September 2023 and India is hosting its 18th meeting. It is the first G20 summit held in South Asia and is being held at the Bharat Mandapam International Exhibition-Convention Center (IECC), Pragati Maidan, … Read more