Business Bureau

Canara Robeco Mutual Fund, India's second oldest mutual fund, has launched the Canara Robeco Manufacturing Fund, an open-ended equity scheme aimed at leveraging India's potential as a manufacturing hub, and will be benchmarked against the S&P BSE India Manufacturing TRI. The NFO, opens on February 16, 2024, and offers a medium to provide a dedicated allocation to the manufacturing sector. The NFO will remain open until March 01, 2024. This fund is suitable for investors with a high-risk appetite, a 5-year investment horizon, and lower near-term liquidity needs, who prefer volatility and better risk-return tradeoffs. The fund will invest minimum…

Hilton has partnered with Indian actress, producer, philanthropist, and entrepreneur Deepika Padukone as a global ambassador, extending its first global marketing platform, 'Hilton. For The Stay,' in India, to highlight the importance of travel in the region. Deepika, a rising star in the Bollywood and Hollywood entertainment industries, has been recognized for her leadership in raising mental health awareness and being named in TIME's 100 Most Influential People in the World. Hilton has partnered with Deepika to expand in the Indian market, reaffirming the company's commitment to the dynamic Indian market. Deepika's resilience, innovation, and global outlook complement Hilton's mission…

Since January 2023, Nissan Motor India Pvt. Ltd.(NMIPL) and The Akshaya Patra Foundation (TAPF), India's largest non-profit organization, have collaborated to provide food and nutritional support to elementary school children in New Delhi's Government schools. This collaborative initiative, undertaken by Nissan Motor India and The Akshaya Patra Foundation, reflects a shared commitment to building a healthier future for the country by fostering a robust and educated human workforce. Nissan Motor India's School Meal Program, implemented in four Akshaya Patra kitchens in New Delhi, aims to improve food security, nutrition, attendance, dropout rates, and eliminate discrimination among children, in line with…

The Rs. 1,250 crore FDY Yarn expansion project at Garden Silk Mills Private Limited (GSMPL) marks the beginning of a period of rapid progress in the textile sector by The Chatterjee Group (TCG) under the leadership of its visionary Chairman, Dr. Purnendu Chatterjee. With its state-of-the-art manufacturing plant at Jolwa, producing high quality polyester chips, POY, FDY and other specialty yarns, and the iconic Garden Vareli brand having a contemporary collection of sarees and dress materials, the Chatterjee Group, that has investments of USD 8 billion globally, is truly creating the Garden of Tomorrow. TCG plans to become a key…

UTI Large Cap Fund, India's first equity-oriented fund, was launched in 1986 and has a 37-year wealth creation record. It is an open-ended scheme that focuses on large cap companies with competitive advantages in their respective fields. The fund follows the Growth at Reasonable Price (GARP) investment style, ensuring a reasonable price for stock purchases based on underlying earnings growth. The Fund seeks to invest in companies with strong fundamentals, controlled borrowings, consistent revenue growth, profitability focus, higher return on capital, and consistent operating cash-flows generation, enabling future expansion and avoiding share dilution. UTI Large Cap Fund has yielded a…

Samsung has announced the over-the-air (OTA) release of Galaxy AI features on its Galaxy Buds2 Pro, Buds2, and Buds FE. Users will now be able to unlock the full potential of Galaxy AI features such as Live Translate on Galaxy Buds series through the ‘Made in India’ Galaxy S24 series. The Galaxy S24 series offers real-time call translation through Live Translate, allowing users to converse via Galaxy Buds, and an AI-driven interpreter feature for seamless two-way, face-to-face interpretation through the Galaxy Buds interface. The Galaxy S24 series now allows users to speak directly into the Buds mic, enabling translated voice…

Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, has announced a reduction in the prices of its bestselling electric vehicles, Nexon.ev and Tiago.ev, to increase their accessibility to Indian customers. The Nexon.ev, India's most feature-rich EV, is set to see a price reduction of up to Rs. 1.2 Lakh. The fastest-selling Tiago.ev will also see a reduction of up to Rs. 70,000, with the base model starting at Rs. 7.99 Lakh. The launch of the Punch.ev will remain unchanged. Speaking about this price reduction, Mr. Vivek  Srivatsa, Chief Commercial Officer, TPEM, said, “We believe that at these…

Sarvodaya Hospital in Faridabad has launched a groundbreaking initiative, "Victorious Hearts," aiming to provide 100 free heart surgeries to children from underprivileged backgrounds with congenital heart defects. The program extends beyond surgeries, incorporating a comprehensive screening program at Sarvodaya Hospital to detect children with cardiac conditions or early signs of potential heart complications. Dr. Rakesh Gupta, Chairman of Sarvodaya Healthcare, emphasized the initiative's goal to raise awareness about pediatric congenital heart defects and the importance of timely intervention. Dr. Viresh Mahajan, Director of Paediatric Cardiac Science at Sarvodaya Hospital, highlighted the severe implications of congenital heart defects on children's health,…

Škoda Auto India celebrates a significant milestone with the launch of the Slavia Style Edition, a distinctive iteration of its acclaimed sedan. Tailored for the discerning Indian market, this exclusive variant represents the brand's commitment to offering bespoke experiences to its clientele. With only 500 units available, the Slavia Style Edition promises a blend of sophistication and performance, catering to a select group of enthusiasts. Petr Janeba, Brand Director of Škoda Auto India, emphasized the company's customer-centric approach, stating, "The Slavia Style Edition epitomizes our dedication to delivering exceptional value and catering to the unique preferences of our customers. This…

Walmart announces that its supplier development initiative, Walmart Vriddhi, has exceeded its target, empowering over 50,000 Micro, Small, and Medium Enterprises (MSMEs) in just five years. Launched in December 2019, the program aims to bolster MSMEs through free training, mentorship, and digital tools, enabling them to integrate seamlessly into domestic supply chains. Partnering with Swasti, Walmart Vriddhi provides local suppliers with access to essential resources, including training in finance, marketing, workforce management, and environmental sustainability.  Notably, the program leverages Flipkart's platform expertise, allowing MSMEs to tap into a consumer base of over 500 million across India. States such as Uttar…