Business Bureau

Axis Mutual Fund has introduced a new investment avenue with the launch of the 'Axis Nifty 500 Index Fund'. This open-ended index fund is designed to mirror the performance of the Nifty 500 Total Return Index (TRI), providing investors with exposure to the top 500 companies listed on the National Stock Exchange (NSE). Managed by seasoned professionals Mr. Karthik Kumar and Mr. Sachin Relekar, the Axis Nifty 500 Index Fund aims to replicate the total returns of its benchmark index, offering a diversified portfolio across large-cap, mid-cap, and small-cap stocks. The New Fund Offer (NFO) opens on June 26, 2024,…

Honda Motorcycle & Scooter India (HMSI) has marked a significant entry into Meghalaya with the inauguration of its first Red Wing dealership, Shadap Honda, located at Madanrting, NH 6, Shillong. This milestone dealership, the 25th in the North-East and 174th in the East region, underscores Honda's commitment to expanding its footprint in India's vibrant two-wheeler market. The dealership offers a comprehensive 4S experience - Sales, Service, Spare Parts, and Safety Riding Promotion, distinguishing itself with Honda's emphasis on rider safety. Mr. Yogesh Mathur, Director of Sales and Marketing at HMSI, expressed his excitement about the new venture, stating, "We are…

The All-New Toyota URBAN CRUISER TAISOR is Toyota Kirloskar Motor's latest addition to its robust SUV lineup in India. This dynamic SUV seamlessly blends style, advanced features, and power-packed performance, making it a perfect choice for Indian customers seeking both prestige and practicality. With its modern styling and cutting-edge technologies, the URBAN CRUISER TAISOR reinforces Toyota's commanding presence in the SUV category. Toyota's "T GLOSS" brand offers high-quality car detailing services for the All-New Urban Cruiser Taisor, including ceramic coating, underbody coating, silencer coating, and internal panel protection, aimed at enhancing the vehicle's appearance and providing environmental protection. Toyota has…

Magenta Mobility, an integrated electric mobility solutions provider, has partnered with Tata Motors, India's largest commercial vehicle manufacturer, to deploy over 100 units of Tata Ace EV, including 60 units of Ace EV and 40 units of Ace EV 1000. This deployment is part of the MoU inked between the two entities in October 2023, which targeted 500 units of the revolutionary Tata Ace EV. The Ace EV, powered by an EVOGEN powertrain, offers a 7-year battery warranty and a 5-year comprehensive maintenance package. It features a 27kW motor with 130Nm peak torque, providing best-in-class pickup and grade-ability.  Commenting on…

Hero MotoCorp, India's largest two-wheeler manufacturer, has announced a forthcoming increase in prices across select models of motorcycles and scooters, effective July 1, 2024. The revision aims to mitigate the impact of rising input costs, with the price adjustments anticipated to be up to Rs. 1,500 per unit. The decision comes in response to escalating costs of raw materials and operational expenses, necessitating a strategic adjustment to maintain profitability and operational efficiency. Hero MotoCorp has clarified that the extent of the price hike will vary by specific model and market conditions. In a statement released today, Hero MotoCorp emphasized its…

The next frontier of Galaxy AI is coming. Prepare to discover the power of Galaxy AI, now infused into the latest Galaxy Z series and the entire Galaxy ecosystem. Get ready for a world of possibilities as we enter a new phase of mobile AI. On July 10, Samsung Electronics will host Galaxy Unpacked in Paris — where the iconic cultural nexus and trend epicenter becomes the perfect backdrop for the rollout of our latest cutting-edge innovations. The event will be streamed live on Samsung.com, Samsung Newsroom and Samsung’s YouTube channel at 3 p.m. CEST, 6 a.m. PDT, 9 a.m.…

Meta AI, a top AI assistant, is now available in India on various platforms like WhatsApp, Facebook, Messenger, Instagram, and meta.ai, using Meta Llama 3, our most advanced LLM to date. Meta AI is a tool that can be used in various apps to perform tasks, create content, and engage in discussions without leaving the app. It can also be used for tasks on a computer, providing advice on math problems and improving email professionalism. Initially announced at Connect last year, Meta AI has been available since April, making it smarter, faster, and more fun than ever before. Meta AI…

Shri Jayant Chaudhary, Union Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship, felicitated 32 healthcare professionals for successfully completing the B1 level of German language training. The training aims to equip the nurses with the necessary language skills for a successful career and livelihood in Germany. The Indian government has launched a two- to three-month residential training program for candidates who have completed their B.Sc. under the Skill India International initiative, highlighting its commitment to making India a global hub for skilled talent. Nursing or the General Nursing and Midwifery (GNM) programs. Delivered by professional German native…

Spright Agro Ltd, a Gujarat-based company, is set to issue Rs. 44.87 crore in rights for its agriculture, contact farming, and greenhouse technology business on June 24, 2024. The funds raised through the issue will be utilised to fund company’s expansion plans including working capital requirements and general corporate purposes. Right issue of the company are offered at a price of Rs. 13.4 per share as compared to closing share price of Rs. 45.69 per share on 21 June, 2024. Rights Issue will close on 12 July, 2024. The company plans to issue 3,34,84,611 fully paid-up equity shares of face…

Bangladesh Prime Minister Sheikh Hasina is undergoing a two-day visit to India to strengthen bilateral ties. During her visit, she met with Prime Minister Narendra Modi and External Affairs Minister Dr. S. Jaishankarto discuss strengthening bilateral relations. The visit saw the signing of several significant agreements aimed at enhancing cooperation in maritime sectors and the blue economy. The agreements cover digital domain ties, space research, maritime research, security, health, disaster management, fisheries, railway connectivity, and a 'Green Partnership'. India announced medical e-visas for Bangladeshi citizens. Prime Minister Modi stated, “The agreements on green partnership, digital partnership, maritime economy, and space…