Business Bureau

Hero MotoCorp, the world's largest motorcycle manufacturer, has partnered with NWWA to support community development initiatives, promoting inclusive learning and education. As per an MoU signed between Hero MotoCorp and the NWWA, the Company will support CHETNA –an Early Intervention Center in Delhi that provides occupational therapy, speech therapy, play and counselling to children born with neuro-developmental disabilities. The initiative, part of Hero Salutes Heroes of the Nation's CSR platform, aims to support children's learning needs, enabling them to progress through early developmental stages and improve their quality of life. CHETNA offers multi-modality interventions to minimize neuro-developmental disabilities in children…

GE Aerospace has signed a Memorandum of Understanding (MOU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force. This milestone is part of strengthening defense cooperation between the two countries, amidst Indian Prime Minister Narendra Modi's official state visit to the US. GE Aerospace is considering joint production of its F414 engines in India, as part of the Indian Air Force's Light Combat Aircraft Mk2 program. The company is working with the U.S. government to obtain export authorization. GE has been operating in India for over four decades, focusing on engines, avionics, services, engineering,…

The Directorate General of Training (DGT) under the Ministry of Skill Development & Entrepreneurship has opened admissions for the session 2023-24 under the Craftsmen Training Scheme (CTS) and Craft Instructor Training Scheme (CITS) formats. The registration process, which began on 1st June 2023, has received an overwhelming response with over 35,000 candidates already registered. DGT has expanded its offerings under CITS by introducing two new trades: Surveyor and Baker & Confectioner. These trades will be available at National Skill Training Institutes (NSTIs) in 35 cities, and the seating capacity has been increased from 14,400 to 16,500. 93 ITOTs are participating…

Manipal Institute of Technology, a constituent unit of MAHE, unveiled a first-of-its-kind undergraduate program in B. Tech in Computer Science and Financial Technology on 20th June 2023, solidifying its reputation as a pioneer in innovative education. The Boston Consulting Group (BCG) reported that the global revenues of the Financial Technology (Fintech) sector will reach $1.5 trillion by 2030. APAC is the leading fintech market, with fintech firms in India, China, and Indonesia, as well as a tech-savvy youth population, an expanding middle class, many small and medium-sized enterprises, and underbanked populations. The CAGR for this sector is estimated at 27…

JLR has announced a new collaboration with Ever stream Analytics to integrate AI into its supply chain management, allowing it to monitor its supply chain in real-time and avert future global supply issues. This will help protect the production of its current models and next generation of pure-electric vehicles. The technology uses AI, predictive analytics, machine learning and human intuition to plot emerging incidents such as natural disasters, strikes, data breaches and export issues on a global map, alerting JLR to any potential impact on its supply chain. This capability updates in real-time, taking measures to avoid industrial disruption, which…

Cummins India, a leading power solutions technology provider, has announced Gender Reassignment Surgery (GRS) support for its employees. Through the support, employees who have decided to transition to their self-identifying gender will receive financial assistance for their surgery. As the world celebrates Pride month, Cummins India stands as a beacon of support to the LGBTQ+ community, embracing values of togetherness, self-expression, and equality. Cummins India periodically assesses its policies to align with the company's Diversity, Equity, and Inclusion (DEI) framework. Recently, the organization announced its Gender-Neutral Dress Code Policy and implemented Gender Neutral Washrooms. The India Pride Employee Resource Group…

Oraimo is launching FreePods 4 in India to offer affordable yet top-notch technology and quality devices to young customers. It provides crystal-clear calls and an immersive listening experience in busy and noisy environments.The FreePods 4 are equipped with the latest ANC technology, 4-mic Proprietary Beamforming Array, AI Deep Neural Network algorithm, Transparency Mode, low-latency gaming mode, slide-to-open feature, anti-drop magnets, and a slide-to-open feature.  These features reduce up to 30dB of noise, detect and reduce noise in calls, and ensure seamless connectivity. The device also features a slide-to-open feature and anti-drop magnets to keep the pods tucked safely. The earbuds…

National Skill Development Corporation (NSDC) signed an MoU with Labour, Employment Skill Development and Entrepreneurship (LESDE) department of the Government of Mizoram and Sikkim-based Medhavi Skills University (MSU) to develop an international centre for innovation and skills excellence in Mizoram for skilling the youth, pursuing domestic and overseas employment opportunities in hospitality and tourism sectors and in their allied areas. The MoU was exchanged between Shri Ved Mani Tiwari, CEO, NSDC International, Kuldip Sarma, Pro Chancellor, MSU, and Shri Lalramsanga Sailo, Secretary, LESDE, to widen the emerging talent, foster academic knowledge, and improve job readiness. NSDC will act as a…

Metropolis Healthcare Limited, a leading diagnostic service provider in India, has announced the launch of an advanced diagnostic testing centre in Nagaon, Assam. Spread over 2000 sq.ft, the laboratory has the capacity to conduct over 250 sample testing per day with a quick turnaround time and high-quality reports. In addition to this, Metropolis also opened a 500 sq.ft processing centre in Dhing, enabling them to serve a larger number of patients. Metropolis has conscientiously developed the Indian Reference Range for an extensive test menu, which is now being used by thousands of laboratories across the country. The new Metropolis Healthcare…

DSP Mutual Fund has launched the DSP Nifty IT ETF, an open-ended ETF replicating the Nifty IT index. The ETF aims to benefit investors from the long-term growth of Indian IT companies, which have significantly contributed to India's GDP and market share. The sector's consistent growth and lower earnings variability have resulted in higher earnings multiples from investors. The Indian IT sector offers global exposure to revenue flows and diversifies equity portfolios from domestic risks. Its financial strength is reflected in higher ROE and ROAs than global peers. However, the Nifty IT index has underperformed the Nifty 50 for 1.5…