Business Bureau

Religare Enterprises Limited (REL) has declared that its subsidiary, Religare Finvest Limited (RFL), has successfully cleared all its debts with external lenders, thereby the debt resolution initiative has successfully resolved the default status of RFL, making it externally debt-free. RFL has achieved a significant milestone in its revival journey towards financial stability and operational efficiency, now preparing for fresh lending business. RFL diligently repaid over Rs 9,000 crores to the country’s banking system through collections and with the support of REL. Through the One-Time-Settlement (OTS), RFL completed the debt repayment of Rs 2178 crore to 16 external lenders on 8th…

The Samsung Galaxy Book4 series, featuring the Galaxy Book4 Pro 360, Galaxy Book4 Pro, and Galaxy Book4 360, is set to be launched in India. The Galaxy Book4 series features an intelligent processor, a vivid display, and a robust security system, marking a new era of AI PCs. These improvements not only enhance the device but also elevate the Samsung Galaxy ecosystem, advancing the PC category and accelerating AI innovation for today and tomorrow. The Galaxy Book4 series redefines how users interact with their PCs, smartphones, tablets, and other devices, delivering truly connected and intelligent experiences. It is completely interactive…

Union Minister Dharmendra Pradhan inaugurated the Skill India Centre in Deogarh, aiming to empower the youth and prepare them for the new India. The government is committed to skilling, re-skilling, and up-skilling the youth of India, in the workforce to make them competent and self-reliant. The center will offer specialized courses to graduates seeking to acquire in-demand and futuristic skills for a successful career in global markets. Skill India Centres are being established to meet the evolving needs of various industries, including Media, Leather, Tourism & Hospitality, and IT-ITeS, by providing practical knowledge. Built over 3237 sq, ft area, the…

Toyota Kirloskar Auto Parts Pvt Ltd (TKAP) has achieved a pivotal milestone, securing the Domestic Value Addition (DVA) Certificate for xEV Transaxle (e-Drive) under the Production Linked Incentive (PLI) Scheme for Advanced Automotive Technology (AAT) products. This success positions TKAP to avail incentives under the scheme, marking a significant boost for India's electric vehicle (EV) manufacturing sector. The certification, granted by the Automotive Research Association of India (ARAI), underscores TKAP's commitment to producing high-quality, locally sourced components. Established in 2002, TKAP has rapidly expanded its portfolio to become a leading manufacturer of drive train parts and assemblies within the Toyota…

Dozee, India’s first AI-based contactless remote patient monitoring (RPM) & early warning system (EWS), announced the launch of its innovative Fall Prevention Alert (FPA) feature aimed at revolutionizing patient safety in hospitals. The unveiling took place at the prestigious 11th International Health Dialogue in Bengaluru, where healthcare professionals and experts gathered to discuss advancements in healthcare. Dozee, a patented Indian technology, allows healthcare workers to remotely monitor patients' vital parameters, providing early warnings for clinical deterioration. The AI-based Ballistocardiography (BCG) technology significantly impacts patient safety, clinical outcomes, and operational efficiency, saving lives and reducing ICU ALOS by 1.3 days for…

The Skill India Centre (SIC) in Dhenkanal is launched, inspired by institutions like IIMC, aiming to provide high-quality education to unleash youth potential and prepare them for the competitive job market. The launch of SIC will establish Dhenkanal as a future skills hub that will instill confidence in local youth preparing to enter the job market for building lucrative career prospects. Shri Ved Mani Tiwari, CEO, NSDC and MD, NSDC International also addressed the event. The centre aims to provide students with industry-centric and outcome-driven skills, enabling them to apply emerging trends in the job market. It will offer affordable…

Samsung has launched Galaxy Fit3, a fitness tracker that democratizes health-monitoring technology, aiming to encourage healthier lifestyles and improved health. The Galaxy Fit3 is Samsung’s latest wearable device and boasts an aluminum body with a wider display, allowing users to keep track of their health and wellness data — from daily workouts to peaceful sleep — straight from their wrists, around the clock. The Galaxy Fit3 is a new smartwatch that offers safety features such as Fall Detection and Emergency SOS. It allows users to call emergency services immediately in case of an abnormal fall, and send an SOS by…

Renault Nissan Automotive India Pvt Ltd, a Chennai-based automotive manufacturer, has primarily utilized green power for its operations in the second half of 2023, aiming for carbon-neutral operations by 2045. On an average, the plant utilized more than 85% green energy every month between July and December 2023, with 100% green energy utilization in September 2023.RNAIPL uses a combination of in-house and externally sourced green energy to produce cars. RNAIPL is implementing a three-pillar approach to achieve carbon neutrality, including increasing green energy usage, improving energy efficiency, and adopting energy-efficient technology at its Oragadam plant. The company's energy portfolio includes…

Mumbai based Thinkink Picturez Limited, a prominent player in the global entertainment industry, is considering a bonus issue and stock split. The board of directors is set to meet on 1 March 2024 to approve these proposals, subject to regulatory approvals and shareholder approval.  The aim is to reward existing shareholders and improve company liquidity. Reflecting the company's strong financial performance and commitment to returning value to shareholders, company will also consider declaring a dividend of up to Rs. 3 per share in the board meeting on 1 March. The bonus and stock split will enhance liquidity and reward existing…

Toyota Kirloskar Motor (TKM) reported sales of over 50,000 units of its Innova HyCross model since its November 2022 launch. Innova Hycross celebrates Toyota's globally recognized quality, durability, and reliability, backed by advanced technology, demonstrating unshakeable customer trust in Innova's successive generations of brand . The Innova HyCross, a Toyota vehicle, is versatile, advanced, and comfortable, offering advanced technology and safety features. It features a paddle shift, Powered Ottoman 2nd row seats, front ventilated seats, an air conditioner, a rear retractable sunshade, an EC IRVM, a power back door, and a dual function daytime running light. The Innova HyCross is…