Business Bureau

IHG® Hotels & Resorts has signed a management agreement with Yuvaan Developers Private Limited for Holiday Inn Guwahati in India's North-East region. Scheduled to open in January 2028, the new-build 150-key hotel signifies a significant stride towards IHG’s expansion strategy in secondary markets, in line with the growing demand for quality branded accommodation in the country. Guwahati, a gateway to northeastern India, is a thriving economic hub with Special Economic Zones, industrial manufacturing, healthcare, and education sectors. It's also a popular tourist destination, attracting visitors to tea gardens, wildlife sanctuaries, and ancient temples.  The city is a hub for investment,…

Toyota Kirloskar Motor (TKM) announced the successful completion of its 24-hour Toyota Hackathon, held at the RV Institute of Technology and Management in Bangalore, to promote road safety. The event was presided over by Chief Guests Shri. H C Balakrishna, MLA Magadi, Chairman of Karnataka Road Development Limited, Shri. Sharath Bache Gowda, Chairman of Karnataka State Electronics Development Corporation Limited (KEONICS), Guest of Honour Shri. J. Purushotham, Additional Commissioner for Transport & Director – Road Safety Cell, Transport Department, Government of Karnataka, Special Invitee Mr. Brijesh Agarwal, Vice President- Operations at Consero Global, and TKM's Senior Executive Mr. Sudeep S.…

Tata Motors announced that Mr. Sitaram Kandi is being appointed to the role of Chief Human Resources Officer (CHRO) of the company, effective 1st April 2024.  As CHRO, Mr. Kandi will also join the Tata Motors Executive Committee. Mr. Kandi currently leads Human Resources for Tata Motors' Passenger Vehicle and Electric vehicle businesses, as well as Employee Relations and Skill Building. Mr. Kandi will be taking over from Mr. Ravindra Kumar G.P, who has been serving as the CHRO of Tata Motors since 2018 and will be moving on to a new responsibility within the Tata Group. A career HR…

Samsung, India’s largest electronics company, announced a tie-up with quick-commerce platform Blinkit to deliver its recently launched Galaxy S24 series in India. Customers in Delhi-NCR, Bengaluru and Mumbai can order Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 smartphones on Blinkit and get the phone delivered in less than 10 minutes. Customers buying the Galaxy S24 series on Blinkit can avail an instant cashback of INR 5000 if the purchase is done through HDFC Bank credit card. Samsung is partnering with Blinkit to meet the high demand for its flagship S24 series in India, which has secured record pre-bookings, making…

Tata Motors Ltd. (TML) has released its results for the quarter ending December 31, 2023. Tata Motors Consolidated, TML delivered a strong performance in Q3 FY24 performance,with Revenue of 110.6K Cr (up 25.0%), EBITDA at 15.8K Cr (up 60.6%) and EBIT of 9.2KCr (+5.3KCr). All automotive verticals continued profitable growth. PBT (bei) improved by 4.4KCr to 7.6KCr, and net profit was 7.1KCr. JLR revenue increased 22% to £7.4b, driven by improved wholesales and reduced material costs, resulting in EBIT margins of 8.8%. CV revenue increased 19.2%, CV revenue increased by 19.2%, and PV revenues increased by 10.6%. In Q3 FY24,…

Hilton Metal Forging Ltd, leading steel forging manufacturer and distributor, is focusing on the railway forged wagon wheel market. With a capacity to manufacture 48,000 wheels annually, the company aims to meet the increasing demand in the replacement market. Company is also looking forward to bigger Railway Forged Wagon Wheel Orders in the near future through tender route. The company has become the first Indian MSME to produce Indigenous Forged Railway Wheels, having successfully developed and supplied railway wheels to the Indian Railways, thus enabling it to participate in Global tenders. In early 2022, a company started developing a specialized…

The announcement of Dr. Sitaram Jindal being conferred with the prestigious Padma Bhushan award resonates deeply with communities across India, celebrating not only his remarkable contributions to healthcare and education but also his profound impact on cultural heritage and community welfare. Dr. Jindal's journey from a small village in Haryana to the forefront of holistic healing embodies the rich tapestry of India's cultural diversity and resilience. His pioneering efforts in promoting Naturecure and Yoga as traditional healing practices have not only revitalized ancient knowledge but also fostered a renewed appreciation for indigenous therapies among modern communities. Moreover, Dr. Jindal's philanthropic…

The CEAT Indian Supercross Racing League (ISRL), a revolutionary franchise-based motorsport spectacle poised to become the fastest-growing league in India focusing beyond cricket. The league showcased the adrenaline-pumping journey with an explosive opening at the Pune race, mesmerizing over 9000 fans on the ground with live broadcast on TV and OTT. The company recently diluted its 3% stake to concentrate on promotion and on-ground activations, with a pre-season opening valuation of INR 350 crore. The goal is to reach the maximum audience and elevate the sport's status, the promoters are in conversation with private investors to dilute 2% of the…

QX Lab AI, a pioneering Artificial General Intelligence (AGI) company, has launched Ask QX, the world's first hybrid Generative AI platform. The platform is designed by Indian-origin founders and is available in over 100 languages, including 12 Indian languages. It is a one-stop shop that aims to empower Indians across the country and beyond, to seamlessly engage with GenAI every day in their preferred language. The launch of Ask QX marks the initiation of a significant movement toward inclusive and accessible AI advancement in India. Asked QX is built on a hybrid model of 30% Large Language Model (LLM) and…

TKM, the Deputy Managing Director for Corporate Planning, Finance & Administration and Manufacturing, expressed appreciation for the balanced budget presented by the Honourable Finance Minister for India. He added the budget focuses on fostering growth and strengthening India's position as a global hub for business. The fiscal discipline, with a glide path to bring the deficit to 5.8% of the GDP for FY24 and a target to lower it to 5.1% in the next fiscal, demonstrates a prudent approach to economic management.The capital outlay of 11.11 lakh crore rupees is aimed at infra development, focusing on airports, road networks, and…