Business Bureau

The Ministry of Skill Development & Entrepreneurship (MSDE) has initiated the Training of Master Trainers & Assessors Program under the PM Vishwakarma scheme, aiming to empower artisans and craftsmen in specific trades as a strategic step towards implementation. The National Institute for Entrepreneurship and Small Business Development (NIESBUD) is hosting a five-day residential training program from November 6th to 10th, 2023, which will train 41 master trainers from 10 states, including Delhi, Gujarat, Haryana, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, Uttrakhand, West Bengal, and Chhattisgarh, focusing on trades such as barber, tailor, mason, carpenter, doll & toy maker, and blacksmith.…

Snap Inc. held its inaugural APAC AR Day in Mumbai, India, to celebrate its leadership in Augmented Reality, its thriving AR creator community, and its commitment to democratizing AR for users and brands. The event saw Evan Spiegel, Snap CEO and Co-Founder, engage in a candid fireside chat with Snap APAC President Ajit Mohan as a part of Spiegel’s three-day trip to India. The discussion delved into the global adoption of AR by consumers and brands, India's burgeoning creative talent pool, the future of AR, and Snap's innovative approach to this technology. Evan Spiegel, Snap Inc. CEO and Co-Founder said,…

Standard Chartered Bank has partnered with Tata Motors to provide Supply Chain Finance Solutions to their passenger Electric Vehicle (EV) dealers. The bank currently offers inventory funding limits across its passenger and commercial vehicle businesses. The Memorandum of Understanding (MoU) will enable the Bank to extend additional limits to the dealers exclusively for procurement of EVs from Tata Motors, through its subsidiary Tata Passenger Electric Mobility Limited (TPEML). Tata Motors, with a 73% market share in the Indian 4-wheeler EV market, is set to leverage a funding solution to boost EV adoption and provide dealers with finance for their business.…

Star Health and Allied Insurance, India's top health insurer, settled over Rs.14 crore in claims settlements in Guwahati over the past 15 months i.e. from April ‘22- June ‘23. The company paid over Rs.13 crore in claim settlements to network hospitals and around Rs.1 crore in claim settlement to non-network hospitals in the region. Star Health paid over Rs.12 crore in cashless claim settlements and Rs.2 crore in reimbursement claims in Guwahati between April 2022 and June 2023, ensuring all claims were settled within 2 hours, with most cases receiving initial authorization within 2 hours. The company ensures timely reimbursement…

Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra, has launched the "Mahindra Jeeto Strong" with over 2,00000 satisfied Jeeto customers in the country. The Jeeto Strong, a successor to the Jeeto Plus, offers best-in-segment mileage, increased payload capacity, and additional features, priced at Rs.5.50 Lakh for diesel and Rs. 5.55 Lakh for CNG. The Jeeto Strong is set to revolutionize lastmile cargo transportation with a significantly higher payload capacity of 815 kg in diesel and 750 kg in CNG, thereby enhancing productivity.The vehicle has impressive best-in-segment mileage of 32.00 km/l in diesel and 35.00 km/kg in CNG, featuring…

Minda Corporation Limited, the flagship company of Spark Minda, has released its financial results for the second quarter and half year ended September 30, 2023. Minda Corporation reported a 7% YoY growth in Q2FY24, boosted by domestic market demand, key customer business, and product premiumisation. EBITDA stood at Rs. 131 crores, with a 11.0% growth margin of 18 bps. The company also secured its highest-ever lifetime orders of over Rs.6,500 crores in H1FY24, with electric vehicles (EVs) accounting for over 30% of the orders. The company secured marquee orders across both existing and new technology products, with multiple first-time strategic…

Minda Corporation Limited, the flagship company of Spark Minda, has formed a Joint Venture with Taiwan-based HSIN Chong Machinery Works Co. Ltd. The partnership aims to provide advanced technology and state-of-the-art manufacturing of Sunroof and Closure Technology Products for passenger cars in India, backed by localization in the country. This partnership is expected to enhance the company's offerings in the automotive components sector. The joint venture between HCMF and Taiwan-based company Hsi Chieh will provide a comprehensive solution for designing, developing, and manufacturing passenger vehicle sunroofs. The market for sunroofs in India is expected to reach $500-600 million by 2030,…

Manipal Academy of Higher Education (MAHE), in association with Konrad Adenaeur Stiftung (KAS), is hosting an international conference on India and EU in the Indo-Pacific: Strategies, Opportunities, and Challenges on 3rd and 4thNovember in Manipal, Udupi. The conference, organized by Manipal Centre for European Studies (MCES) and Department of Geopolitics and International Relations (DGIR), brings together academicians, diplomats, policy makers and researchers from India and Europe to deliberate on the role of India and the European Union (EU) in the changing geopolitical dynamics in the Indo-Pacific region. The Indo-Pacific region, accounting for 60% of the world's GDP, has sparked global…

Tata Motors, India’s leading automobile manufacturer, has made a bold move by making CNG vehicles more desirable and practical. With its twin-cylinder technology, Tata Motors has ensured that CNG-powered vehicles are no longer a compromise. This strategic decision reflects Tata Motors' commitment to sustainability and its recognition of the burgeoning popularity of CNG vehicles in the country. CNG cars have gained popularity in India over the past few years due to diverse model offerings and expanding infrastructure. The market now offers 17-18 CNG models, with a lower operating cost compared to petrol. The number of CNG refueling stations has also…

USV Pvt Ltd and Biogenomics have launched INSUQUICK®, India's first biosimilar Insulin Aspart, aimed at enhancing diabetes access for individuals. Diabetes is a growing healthcare concern in India as nearly 11.4% of the country’s adult population, which accounts for 101 million people, are living with diabetes. Besides this, there are an additional 136 million people who are pre-diabetic and who have a high propensity to convert into diabetes in a short time. InsuQuick is a “Make in India” product, developed and manufactured using 100% indigenous technology, and has undergone a robust clinical program to ensure global quality standards. It is…