Business Bureau

The Board of Directors of IDFC FIRST Bank, in its meeting held approved the audited financial results for the quarter and financial year ended March 31, 2023. The key highlights were:  Profit after Tax increased to Rs. 2,437 crore for FY 23, up from Rs. 145 crores in FY 22. Q4-FY23 was at Rs. 803 crore, up 134% as compared to Q4-FY22.  Customer deposits were at Rs. 1,36,812 crore, up 47% YOY. Loans & Advances were at Rs. 1,60,599 crore, up 24% YOY. Asset quality improved with Gross NPA at 2.51% and Net NPA at 0.86%. Capital adequacy was strong…

Physics Wallah (PW) has launched the Second Edition of its Scholarship Admission Test (SAT) to provide up to 90% scholarships to avail quality coaching and guidance at Vidyapeethcentres to meritorious JEE/NEET aspirants of Class 8th-12th and droppers.  PW plans to offer 160 cr worth of scholarships in an impending academic year, and the PW SAT will be conducted online every day till the 14th of May, and offline on the 7th and 14th of May. The online/offline exam covers Maths, Science, and Mental Ability for classes VIII-XII, with PCM/PCB included for classes XI and XII. Students can take the test…

The Government of Mizoram organized a Roundtable Session in association with the Ministry of Development of North Eastern Region, FICCI (the Knowledge Partner), EY (the Knowledge Partner), and Invest India.  The Roundtable is part of a series of multi-city Investors Roundtable Programs organized in the run-up to the Northeast Global Investors Summit which is planned to be held in New Delhi later this year. Shri Zoramthanga, Chief Minister of Mizoram, was the Chief Guest at the Roundtable who interacted with Government officials from the State and MDoNER, regarding opportunities across sectors. Other senior officials present included Shri H. Rammawi, Esther…

Nissan Motor India Pvt. Ltd. (NMIPL) has announced wholesales of 3249 units for the month of April 2023. Domestic wholesales stood at 2617 units, while export wholesales stood at 632 units.Nissan Motor India had recently announced YTD sales growth of 23% for FY 2022-23, with YOY March growth of 8% for domestic sales and now 24% in April 2023 with the growth momentum continuing into the next fiscal year 2023-24.  Nissan operates on a PHYGITAL distribution approach to meet the evolving needs of customers. In April 2023, Nissan increased its customer touchpoints with the addition of two showrooms and workshops…

Tata Motors Limited sales in the domestic and international markets for April 2023 stood at 69,599 vehicles, compared to 72,468 units during April 2022. Total Domestic Sales decreased by -4% from April 2022 to April 2023 Commercial Vehicles performance are as follows: Growth of HCV Trucks is -6% in April 2023. Sales ILMCV Trucks decreased by -62% from April 2022 to April 2023. Passenger carriers experienced a -4% decrease in growth in April 2023. SCV cargo and pickup growth decreased -30% from April 2022  to April 2023. Domestic growth decreased by -28% in April 2023. Category growth increased by 3%…

Prime Minister Modi completed the 100th episode of Mann Ki Baat on Sunday. The PM's radio program has served as a platform for citizens to engage with PM Modi, highlighting various things that citizens across the country have contributed to India's development. Sunday was special because the show completed 100 episodes. This special occasion was celebrated not only in India but also in many Missions and Embassies of India across the world. Missions of India telecasted the 100th episode of Mann Ki Baat live in all global regions, including Europe, Asia, Africa, France, Saudi Arabia, ASEAN, Paraguay and the United…

Amway India, one of the leading FMCG Direct Selling companies, has announced the launch of its website in Bengali to make it easier for Bengali speaking Amway Direct Selling Partners and their customers to understand, communicate and explain their nutrition needs. This move is intended to address the growing demand for proper nutrition in the post-pandemic era, as people become increasingly aware of the importance of nutrition in overall well-being. The Bangla website was launched at a formal event in Kolkata, as part of Amway India's strategy to go multilingual in its vision to build a healthier nation by improving…

Toyota Kirloskar Motor (TKM) announced the prices of top two grades (ZX & VX) of the New Innova Crysta. The vehicle comes with an enhanced front fascia that has been designed keeping in mind the specific preferences for a rugged and robust appearance, thereby meeting the requirements of Indian families, Businessmen and Corporates. Details of prices (grade wise) are as follows: ZX (7 S) Rs 25,43,000, VX (8 S) Rs 23,84,000, VX (7 S) Rs 23,79,000, VX FLT (8 S) Rs 23,84,000, VX FLT (7 S) Rs 23,79,000. The iconic MPV has been a leader in its segment since its…

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 396,107units in April 2023. The Company expects the momentum to build-up in the coming months on account of a combination of multiple factors, including a slew of new product launches, a healthy growth in country's GDP and positive consumer sentiments. Echoing the brand promise of Hero MotoCorp and Harley Davidson of enabling #FreedomonWheels, Dr. Pawan Munjal, Chairman, Hero MotoCorp, presented a purpose-built Harley-Davidson Road King to a specially-abled employee, Chitra Zutshi. The handover ceremony was organized at Hero’s Global Centre for Innovation and Technology (CIT) in Jaipur, where Chitra…

Niranjan Gupta took charge as the new CEO of Hero MotoCorp on May 1st, 2023, replacing Dr. Pawan Munjal in the process. Both of them expressed their gratitude and mutual respect for each other. Expressing his excitement and gratitude to Dr. Munjal, Niranjan Gupta said, "Truly humbled to be trusted with the responsibility to nurture and move forward the great legacy that has been built by Dr. Munjal and Chairman Emeritus!" And while Congratulating Niranjan, Dr. Munjal handed over a handwritten personal note to him saying, “I have and will always have your back! Wishing you success and the very…