Business Bureau

In alignment with Prime Minister Narendra Modi's vision of a developed India by 2047, the Ministry of Skill Development & Entrepreneurship (MSDE) continues to empower individuals across the nation, fostering entrepreneurship and job creation. One such inspiring tale emerges from the serene landscapes of Sikkim, where Shital Tamang's journey from training to entrepreneurship stands as a testament to the transformative power of skills and determination. Under the Skill India Mission, Shital Tamang honed her passion for handloom into a thriving enterprise, M/S Sikkim Handloom and Handicrafts. Beginning her journey in 2013, Shital underwent training through MSDE's skill programmes from 2014…

The capital city is set to witness a spectacular cultural journey as the inaugural chapter of "Vividhta ka Amrit Mahotsav" unfolds at Rashtrapati Bhavan from February 8th to 11th, 2024. Hosted under the esteemed patronage of the Ministry of Development of Northeastern Region and managed through its CPSE, Northeastern Handicrafts & Handlooms Development Corporation Limited (NEHHDC), the event promises to be a vibrant celebration of Northeast India's diverse heritage. Scheduled from 10 AM to 8 PM, the four-day extravaganza is part of Udyan Utsav 2024 and will showcase the rich tapestry of the region's culture, arts, and culinary traditions. The…

Leading Engineering, Procurement and Construction (EPC) company ATMATSCO LIMITED will open its Initial Public Offering (IPO) for subscription in February this year. The company will offer 73,05,600 equity shares, including 54,80,000 fresh issues and 18,25,600 through an Offer for Sale (OFS). The proceeds will be used for working capital requirements and loan repayments to become a provider of technology solutions in the EPC sector. The profit generated from the EPC sector will be used to produce defence systems until September 2024 through its subsidiary, Atmastco Defence Systems Private Limited. With an order book exceeding Rs 700 crores, Atmastco is set…

MG Motor India is celebrating its centenary by offering Wow prices for its 2024 model range to delight car buyers. The company has introduced a new trim of the MG ZS EV along with Wow prices for the MG Comet EV, MG Hector, and MG Gloster. The MG ZS EV 'Executive' is a luxurious electric vehicle with over 75 connected features, priced at INR 18.98 Lakh. It features a 50.3kWh Prismatic cell IP69K Rated ASIL-D & UL2580 battery. The MG Hector, India's first Internet SUV, offers advanced features like Panoramic Sunroof, HD portrait infotainment system, Digital Key, and ADAS Level.…

IHG® Hotels & Resorts has signed a management agreement with Yuvaan Developers Private Limited for Holiday Inn Guwahati in India's North-East region. Scheduled to open in January 2028, the new-build 150-key hotel signifies a significant stride towards IHG’s expansion strategy in secondary markets, in line with the growing demand for quality branded accommodation in the country. Guwahati, a gateway to northeastern India, is a thriving economic hub with Special Economic Zones, industrial manufacturing, healthcare, and education sectors. It's also a popular tourist destination, attracting visitors to tea gardens, wildlife sanctuaries, and ancient temples.  The city is a hub for investment,…

Toyota Kirloskar Motor (TKM) announced the successful completion of its 24-hour Toyota Hackathon, held at the RV Institute of Technology and Management in Bangalore, to promote road safety. The event was presided over by Chief Guests Shri. H C Balakrishna, MLA Magadi, Chairman of Karnataka Road Development Limited, Shri. Sharath Bache Gowda, Chairman of Karnataka State Electronics Development Corporation Limited (KEONICS), Guest of Honour Shri. J. Purushotham, Additional Commissioner for Transport & Director – Road Safety Cell, Transport Department, Government of Karnataka, Special Invitee Mr. Brijesh Agarwal, Vice President- Operations at Consero Global, and TKM's Senior Executive Mr. Sudeep S.…

Tata Motors announced that Mr. Sitaram Kandi is being appointed to the role of Chief Human Resources Officer (CHRO) of the company, effective 1st April 2024.  As CHRO, Mr. Kandi will also join the Tata Motors Executive Committee. Mr. Kandi currently leads Human Resources for Tata Motors' Passenger Vehicle and Electric vehicle businesses, as well as Employee Relations and Skill Building. Mr. Kandi will be taking over from Mr. Ravindra Kumar G.P, who has been serving as the CHRO of Tata Motors since 2018 and will be moving on to a new responsibility within the Tata Group. A career HR…

Samsung, India’s largest electronics company, announced a tie-up with quick-commerce platform Blinkit to deliver its recently launched Galaxy S24 series in India. Customers in Delhi-NCR, Bengaluru and Mumbai can order Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 smartphones on Blinkit and get the phone delivered in less than 10 minutes. Customers buying the Galaxy S24 series on Blinkit can avail an instant cashback of INR 5000 if the purchase is done through HDFC Bank credit card. Samsung is partnering with Blinkit to meet the high demand for its flagship S24 series in India, which has secured record pre-bookings, making…

Tata Motors Ltd. (TML) has released its results for the quarter ending December 31, 2023. Tata Motors Consolidated, TML delivered a strong performance in Q3 FY24 performance,with Revenue of 110.6K Cr (up 25.0%), EBITDA at 15.8K Cr (up 60.6%) and EBIT of 9.2KCr (+5.3KCr). All automotive verticals continued profitable growth. PBT (bei) improved by 4.4KCr to 7.6KCr, and net profit was 7.1KCr. JLR revenue increased 22% to £7.4b, driven by improved wholesales and reduced material costs, resulting in EBIT margins of 8.8%. CV revenue increased 19.2%, CV revenue increased by 19.2%, and PV revenues increased by 10.6%. In Q3 FY24,…

Hilton Metal Forging Ltd, leading steel forging manufacturer and distributor, is focusing on the railway forged wagon wheel market. With a capacity to manufacture 48,000 wheels annually, the company aims to meet the increasing demand in the replacement market. Company is also looking forward to bigger Railway Forged Wagon Wheel Orders in the near future through tender route. The company has become the first Indian MSME to produce Indigenous Forged Railway Wheels, having successfully developed and supplied railway wheels to the Indian Railways, thus enabling it to participate in Global tenders. In early 2022, a company started developing a specialized…