Business Bureau

Amazon India has signed a memorandum of understanding (MoU) with the Directorate General of Foreign Trade (DGFT) to enable micro, small and medium enterprises (MSMEs) and boost e-commerce exports in India. The MoU aims to co-create capacity building sessions, training, and workshops for MSMEs across 75 districts, part of the Districts as Export Hubs initiative outlined in the Foreign Trade Policy. The initiative aims to link local producers in rural and remote districts with global supply chains. The MoU was signed in the presence of Shri. Santosh Sarangi (Additional Secretary and Director General of DGFT), Chetan Krishnaswamy (Vice President, Public…

HMD Global, the home of Nokia phones, has emerged as the undisputed leader in the feature phone market, securing the top position in market share by value and securing the second position by volume, according to the latest IDC Q3'23 report, yet again. The IDC report indicates that HMD Global has a significant increase of 4.2% in its market share, reaching 30.7% by value. In terms of volume, the brand holds a commendable 22.4% market share, marking a notable growth of 2.3% compared to the previous quarter. Nokia's performance in the feature phone market is attributed to strategic initiatives such…

Nissan announces second and third new electric vehicles for UK production. Nissan has announced that all three models produced at its UK plant will be 100% electric. The EV36Zero hub in Sunderland will consist of three electric vehicles (EVs), three gigafactories, and up to £3bn investment. This commitment will support Nissan's largest car plant in the UK, which will employ 7,000 UK employees and support 30,000 jobs in the supply chain. The transformational project includes future all-electric versions of Nissan's Qashqai and JUKE crossovers, as well as the next-generation Nissan LEAF. Both vehicle and battery manufacturing will be powered by…

Flipkart has signed a Memorandum of Understanding (MoU) with the North Eastern Handicrafts & Handloom Development Corporation Ltd., Guwahati to strengthen its commitment to socio-economic growth in the Northeastern States. The MoU aims to enable national market access for women self-help groups from the Northeastern States and positively impact the livelihood of 1.5 million artisans, weavers, and Indian handicrafts. The MoU aims to create shared value for all stakeholders in the Northeast region, empowering artisans, increasing opportunities for handloom and handicrafts businesses, and enabling inclusion opportunities for women's self-help groups. NEHHDC, established in 1977, aims to develop and promote indigenous…

Eicher has launched the Non-Stop Series of Heavy-Duty Trucks, designed for fast-haul transportation in the country. The series includes four new trucks, each equipped with powerful and fuel-efficient engines. The Eicher Pro 6019XPT, Tipper, Eicher Pro 6048XP, haulage truck, Eicher Pro 6055XP, and the Eicher Pro 6055XP 4x2 tractor-trucks are part of Eicher's extensive line-up of Heavy, Medium, and Light Duty trucks and buses. The Eicher Pro 6048XP, with a 48-tonne GVW, is powered by a fuel-efficient VEDX8 engine that delivers a high power of 300 hp and a high engine torque of 1200 Nm. The Eicher Pro 6055XP and…

MAGGI is launching its latest initiative, 'MAGGI Apna Food Business,' to support budding home cooks across India. The initiative aims to equip aspiring content creators with the necessary skills and knowledge to become successful culinary content creators. The winners will also have the chance to win INR 5 lakhs in seed capital to start their own online food channel. MAGGI has been a trusted partner in India for four decades, igniting the culinary curiosity of budding chefs. Rajat Jain, Director, Foods business, of Nestlé India, praised the initiative for its commitment to celebrating chefs and being their ally. MAGGI Apna…

Sony BBC Earth's Feel Alive Hours is set to return for its seventh edition, aiming to provide an immersive journey of knowledge and exploration for young minds. This Inter-School Quiz Contest has been introduced to help students expand their horizons and connect with like-minded individuals.  This year, the channel has elevated the stakes to an entirely new level, allowing individual participation in the quiz competition. It reaches over 250 schools nationwide and offers students an immersive experience through science experiments, interactive escapades, and mesmerizing content across various genres. The school contact program combines content viewing to help students explore science,…

Cummins India, a leading power solutions technology provider, has announced the winners of REDEFINE 2023 its flagship B-school case study competition. The remarkable Team Vision from the Indian Institute of Management, Mumbai emerged as the competition champion clinching the coveted trophy and cash prize. The competition, which focuses on the Theme 'Unlocking the Power of Digitalization in the Aftermarket', attracted 3752 students from 938 teams from 18 of India's premier B-schools. Six finalist teams were selected and flown to Pune for a two-day grand finale. The event featured enriching leadership talks and networking opportunities, exclusive tours of the Cummins Technical…

Procam International has appointed Colin Jackson as the International Event Ambassador for the upcoming Tata Steel Kolkata 25K, which is scheduled for 17th December 2023. Institutedin2014, TSK25K sparked a running revolution in eastern India and is a World Athletics Elite Label Road Race. The event is now a celebration of Kolkata’s vibrant sporting spirit and energy. The presence of an iconic athlete such as Colin Jackson will make 'AamarKolkata, AamarRun' even bigger and more attractive.Jackson claimed his first senior medal at the Commonwealth Games in 1986, bagging silver in the 110m hurdles. He set a world record to win gold…