Business Bureau

The National Stock Exchange of India (NSE) has crossed a significant milestone, with its investor base skyrocketing to 90 million unique registrations as of February 29th, 2024. This substantial surge marks a testament to the growing interest and participation in India's financial markets. The NSE's total client codes now stand at a staggering 169 million, showcasing a robust growth trajectory fueled by various factors including digitization, increased investor awareness, and favorable market performance. Over the past few years, the pace of unique investor registrations has been on an upward trajectory, with the latest addition of one crore investors occurring in…

Shri Dharmendra Pradhan, Union Minister of Education and Skill Development & Entrepreneurship, launched Project ODISERV in Sambalpur to prepare young Odisha graduates for financial services employment. Shri Pradhan announced that 1100 students in Odisha have been trained under Project ODISERV, with some receiving job offers. He congratulated the placed candidates and thanked Prime Minister Narendra Modi for ensuring India's youth future is industry-ready. He praised Project ODISERV as an excellent example of industry-academia collaboration. The National Skill Development Corporation (NSDC) and Bajaj Finserv Ltd. have launched their first skill development initiative, Project Odiserv, at Gangadhar Meher University in Sambalpur, Odisha.…

Toyota Kirloskar Motor (TKM) reported its highest wholesale of 25,220 units in February 2024, indicating sustained growth and customer acceptance. This represents a 61% growth from the same period last year, where the company sold 15,685 units in February 2023. While domestic sales stood at 23,300 units, the company’s exports stood at 1,920 units in the month.  In the preceding month of January 2024, the company recorded its highest-ever monthly wholesales in India with 24,609 units. TKM has achieved sales achievements and introduced the "Awesome New Car Delivery Solution," a first-in-industry initiative that enhances the buying experience by providing innovative…

Continuing its commitment to fostering girl child education, RBL Bank, a prominent private sector bank in India, distributed 300 bicycles to underprivileged girl students in Guwahati, Assam, under its CSR initiative - UMEED 1000. The donation event, held at the Khanapara Sports & Cultural Organisation, witnessed the presence of esteemed dignitaries including Smt. Aruna Rajoria, IAS, Commissioner & Secretary to Govt. of Assam, and senior representatives from RBL Bank. The initiative aims to tackle the challenge of access to education, particularly for those hindered by distance, by providing energy-efficient and environmentally sustainable means of transportation. R Subramaniakumar, Managing Director and…

In February 2024, Tata Motors Limited sold 86,406 vehicles in both domestic and international markets, a decrease from 79,705 units in February 2023. The total domestic sales increased by 9% from 78,006in January 2023 to 84,834 in January 2024. The rate of decline for Domestic commercial vehicles in February 2024 and February 2023 was -4%, with a total of 33,567 vehicles sold in February 2024 as compared to 35,144 in February 2023. The total sales of commercial vehicles in February 2024 and February 2023 were 35,085 and 36,565 respectively, indicating a -4% decline rate. In February 2024, the domestic sale…

Samsung has unveiled the Galaxy F15 5G, a smartphone with a segment-best 6000mAh battery, a segment-only AMOLED display, four generations of Android upgrades, five years of security updates, and a 6000mAh battery. The device is available in Ash Black, Groovy Violet, and Jazzy Green colors and comes with a 25W Super-Fast Charging feature. The MediaTek Dimensity 6100+ chipset powers the device, while the RAM plus feature provides extra virtual RAM of up to 12 GB. The device also features a 50MP triple camera setup with Video Digital Image Stabilization (VDIS) and a 13MP front camera for clear selfies. The Galaxy…

Palm oil, derived from the oil palm tree's fruit, is a widely used vegetable oil with diverse applications. Originating in West Africa in 1875, it was introduced to South-East Asia for ornamental purposes, making it a crucial player in the global agricultural and food industries. Presently, Indonesia and Malaysia collectively account for more than 85% of the world's palm oil supply. Palm oil is grown in 42 additional countries, highlighting the global importance of palm oil production. The Malaysian palm oil industry has over 15 laws and regulations, aiming to minimize its environmental impact. Palm oil's versatility is evident in…

EaseMyTrip.com has announced its financial results for the third quarter of the fiscal year 2023-24, showcasing robust growth and strategic expansion initiatives. The company reported a Profit After Tax (PAT) of INR 456.6 million for Q3FY24, marking a notable 9.5% increase compared to the same period last year. The Q3FY24 performance highlights include a 18.1% year-on-year increase in revenue, reaching INR 1,607.9 million, and an EBITDA of INR 653.7 million, up by 10.9% year-on-year. The Gross Booking Revenue (GBR) for the quarter stood at INR 20,260.7 million. In addition to its financial achievements, EaseMyTrip demonstrated its commitment to diversification and…

The Indian government has approved a proposal from Tata Electronics to build a mega semiconductor fabrication facility (“Fab”)  in Dholera, Gujarat, in collaboration with PSMC, a significant step towards creating an indigenous semiconductor ecosystem. The fab construction will begin this year with a total investment of up to INR91,000crores (~US$11bn) and will generate over 20,000 direct and indirect skilled jobs in the region. With this announcement, Tata Electronics enters the global semiconductor industry. Tata Electronics and Powerchip Semiconductor Manufacturing Corporation (PSMC) will build India's first AI-enabled manufacturing facility, capable of producing up to 50,000 wafers per month. The facility will…

The Indian government has approved Tata Electronics' proposal to establish a greenfield semiconductor assembly and test facility in Jagiroad, Assam, a significant step towards India's end-to-end semiconductor manufacturing ecosystem. The facility will be built with an investment outlay of INR 27,000 crore and is expected to generate over 27,000 direct and indirect jobs in the region. Tata ElectronicsPvt. Ltd. plans to build a facility focusing on Wire Bond, Flip Chip, and Integrated Systems Packaging (ISP) technologies, crucial for India's automotive, communications, and network infrastructure applications. The facility will serve growing global demands across key market segments like AI, industrial, and…