Business Bureau

Tata Passenger Electric Mobility Ltd and Jaguar Land Rover Plc have signed a Memorandum of Understanding (MoU) for the licensing of JLR's Electrified Modular Architecture platform for the development of TPEM's 'premium pure electric' vehicles series 'Avinya' on the EMA platform, including a royalty fee for electrical architecture, electric drive unit, battery pack, and manufacturing know-hows. TPEM and JLR will also enter into an Engineering Services Agreement (ESA) to support TPEM’s change content requirements for the first vehicle development. JLR is set to launch its next generation of 'pure electric' mid-sized SUVs in international markets starting from 2025. The EMA…

Tata Motors Ltd. (TML) has released its results for the quarter ending on September 30, 2023. TML maintained its strong performance in Q2 FY24, achieving revenues of 105.1K Cr, a 32.1% increase. TML's Q2 FY24 EBITDA and EBIT increased by 86.4% and 7.8KCr respectively, indicating profitable growth in all auto verticals. PBT (bei) experienced a substantial increase of 7.9KCr to 6.1KCr, resulting in a net profit of 3.8KCr. The business achieved a strong PBT of 11.4KCr in H1 FY24, an 18.2KCr improvement from the previous year, and reduced net automotive debt to 38.7KCr. JLR revenues increased 30.4% to £6.9b, driven…

The National Skill Development Corporation (NSDC) has partnered with HCL Tech to address the skills gap in the tech and engineering sectors, in line with Prime Minister Shri Narendra Modi's vision of empowering India's youth through digital technology and AI. The partnership aims to promote technology adoption among diverse learners and explore new global markets. The agreement was exchanged by Ved Mani Tiwari, CEO, NSDC and C Vijayakumar, CEO & Managing Director, HCL Tech. This partnership comes shortly after the recent G20's Digital Economy Working Group (DEWG) meeting, which achieved consensus on deliverables in three discussion areas: Digital Skilling, Digital…

Tata Motors, India's largest commercial vehicle manufacturer, has supplied the first batch of Ultra EV air-conditioned electric buses to Srinagar Smart City Limited through TML Smart City Mobility Solutions. The Housing and Urban Development Department of the Government of Jammu & Kashmir is supplying, maintaining, and operating 100 electric buses in Srinagar and Jammu for a 12-year period for the Jammu and Srinagar Smart City projects. The zero-emission buses, built on next-gen architecture and powered by advanced battery systems, are designed for a safe, comfortable, and convenient intra-city commute across Srinagar. The collaboration aims to establish an environmentally and financially…

Kotak Mahindra Bank, Kotak Mahindra General Insurance Company, and Zurich Insurance Company Limited have agreed to invest approximately Rs 4,051 crore to acquire a 51% stake in Kotak General Insurance through a combination of growth capital and share purchase. Zurich will also acquire an additional 19% stake within three years from its initial acquisition, making it the single largest investment by a global strategic insurer in an Indian non-life insurer.  Tulsi Naidu, CEO Asia Pacific, Zurich Insurance Company Limited said, “With Kotak Mahindra Group’s high-quality franchise and expertise in Indian financial services, and Zurich’s deep distribution experience and class-leading capabilities…

Optum team members volunteered at various NGOs in Delhi NCR as part of the annual Geographically Inclusive Volunteer Event (G.I.V.E.) from October 3-15, 2023. Optum, a leading health solution and care delivery organization, is part of UnitedHealth Group, a Fortune 5 company. Through G.I.V.E., the aim is to foster an environment of sensitivity, empathy and hope while providing team members a platform to care, connect and grow together. Optum volunteers collaborated with NGOs like CanSupport and Maxvision Social Welfare Society to provide palliative care for cancer patients and engage children, women, and the elderly with performative arts, bringing smiles to…

Renowned urologist Dr. Sandeep Bafna of Apollo Urology Clinic, Chennai, is coming to Jalpaiguri and Siliguri, Bagdogra, on November 4th, 2023, where he will consult patients who are suffering from various urinary-related problems. He will be present at Apollo Hospitals Information Center at Ramachandra M/s Arghya Medical Hall, Jalpaiguri, and Arogyam Healthcare at Apollo Hospitals Chennai Information Center at Bagdogra, Siliguri. Dr. Sandeep Bafna, an MS in DNB Urology, MRCS (Edinburgh) Consultant Urologist, and Genito Urinary Reconstructive Surgeon Proper consultation of patients suffering from stricture urethra, Peyronie's disease, urethroplasty, pelvic fracture, urethra injury, general urology adult hypospadias, penile curvature, etc.…

Manik Chand Jewellers, a prominent jewellery house, has inaugurated their flagship store in Guwahati, marking a significant milestone. Bollywood actress Daisy Shah attended the unveiling of the brand's 6th store in the region and its 4th in Guwahati. Daisy Shah was warmly welcomed by Manik Chand Jewellers MD, Krishan Kumar Soni, and the Manik Chand family, amidst a large gathering of fans and loyal customers. . Honorable Governor of Assam, Shri. Gulab Chand Kataria graced the occasion by visiting the store.  On visiting the store, he appreciated the opulent interior of the store and the memorable jewellery collections. Daisy Shah…

Dr. T.S. Boochandran, a 25-year-experienced diabetologist and endocrinologist at Apollo Sugar Clinics in Chennai, holds an MBBS from Madras Medical College and an MSc from Kings College Hospital in London. He offers consultations for thyroid, parathyroid disorder, obesity, general and diabetic related problems. Dr. Boochandran will be available at Apollo Information Centre Chennai Clinic Care Pvt. Ltd. Debug (Moram Bus Stand), Haldia on November 4, 2023. For booking an appointments and registration, please call: 8670437828 or 7479314352.

Ujjivan Small Finance Bank ltd. announced its financial performance for the quarter ended and half year ended September 30,2023. The company's Q2FY24 net income increased by 24% YoY to 823 crores, with a net income margin of 8.8%. The cost to income ratio increased to 52.2% from 52.5% in Q2FY23. The company's profit per share (PPoP) increased by 26% YoY to ₹483 crore, and its provisional liquidity ratio reached 158%. Ujjivan Small Finance Bank's Q2FY24 and H1FY24 business performance showed an 18%/20% YoY increase in disbursements, 69%/58% YoY increase in affordable housing, and a 27%/5% YoY increase in the gross…