Business Bureau

The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the unaudited standalone and consolidated results for the quarter ended June 30, 2023, at the Board meeting held in Mumbai.Kotak Mahindra Bank's standalone Q1FY24 results showed a 67% YoY increase in PAT (Price at Acquisition) to 3,452 crore, with net interest income (NII) increasing to  6,234 crore, and net interest margin (NIM) at 5.57. The bank's customer assets increased by 19% YoY to 3,37,031 crore, with unsecured retail advances at 10.7%.   The bank's CASA ratio stood at 49.0%. Average current deposits grew to 59,431 crore, with savings deposits…

Shopsy, India’s fastest-growing hyper-value e-commerce platform, has launched the SuperCoin rewards program on its platform. Shopsy, Flipkart, Myntra, and Cleartrip now offer customers the opportunity to earn and redeem SuperCoins, driving customer loyalty. Shopsy's program drives millions of new shoppers, while Flipkart's rewards ecosystem rewards users with 1 SuperCoin for every Rs. 100 spent. Kapil Thirani, Head of Shopsy at Flipkart, announced the launch of SuperCoin on Shopsy. Kapil Thirani said, “This program is a testament to our consistent efforts to provide value to our customers in their purchase journey onShopsy.” To redeem SuperCoins on Shopsy, customers needs to add…

Nissan Motor India and Amazon miniTV have broken the Guinness World Record for the largest on-ground hip-hop dance activity in the dance reality show 'Hip Hop India.' The event took place at Filmcity in Mumbai, with 1870 dancers uniting to deliver an electrifying performance lasting over 5 minutes. Special partners, 'ToTheCulture' and 'Kings United' choreographed the performance. The momentous event took place at Filmcity in Mumbai and was graced by esteemed judges Remo D'Souza and Nora Fatehi. 'Hip Hop India' stands as India's first and largest reality dance show solely dedicated to celebrating the vibrant and dynamic dance form of…

Monsoon season presents challenges for various skin types, including oily, dry, and combination. Rainy weather increases skin sensitivity due to humidity and environmental factors, causing irritation, breakouts, and imbalances. Cetaphil Skincare Experts offer a curated guide to achieve perfect, glowing skin during this season. 1. Start your monsoon skincare routine with gentle cleansing using Cetaphil Gentle Skin Cleanser, designed for sensitive skin. This clinically proven cream effectively removes impurities without stripping away moisture, using niacinamide, panthenol, and hydrating glycerin. 2. Hydration is essential for sensitive skin, even during monsoon. Use lightweight, oil-free moisturizers with hyaluronic acid or glycerin for a…

Brendan O'Connor, Australian Minister of Skills and Training, led a delegation of senior officers to visit Government ITI Pusa in New Delhi. The delegation was warmly welcomed by MSDE Secretary Atul Kumar Tiwari, MSDE Director General Trishaljit Sethi, Ms. R. Alice Vaz, Commissioner-cum-Secretary and DTTE Director Bhupesh Chaudhary. Dignitaries and senior officers visited institute, observing excellent infrastructure and equipment, interacting with students and observing the campus. ITI Pusa has evolved by incorporating service trades and introducing industry 4.0 trades like Solar Technician and Mechanic Electric Vehicle. With state-of-the-art labs and advanced facilities, the institute has become a popular destination for…

Tata Motors today announced the launch of two new variants in the Altroz line up, the XM and XM(S), priced attractively at INR 6.90 lakhs and INR 7.35 lakhs, respectively (ex-showroom, Delhi). The introduction of high-end features in these variants including the electric sunroof in XM(S) makes Altroz the most affordable premium hatchback to be offered with a sunroof. The XM and XM(S) variant will be positioned in between the Altroz XE and the XM+, thereby broadening the appeal of this best-selling premium hatchback. These variants will only be available in the 1.2 L Revotron petrol engine with manual transmission.

The G20 Labour and Employment Ministers' Meeting (LEMM) concluded in Indore on July 21, 2023, with 165 delegates, including 24 ministers. The meeting was chaired by Union Labor and Employment Minister, Bhupendra Yadav. Even Prime Minister Narendra Modi graced the meeting through a virtual address.  In his video message, PM Modi said, “In this era of the Fourth Industrial Revolution, technology has become the main driver of employment and will continue to be so. Fortunately, this meeting is being held in a country like India, which has had the experience of creating a large number of technology-related jobs during such…

Former boxing champion Mike Tyson wished to visit the Taj Mahal and Dharavi, two places in India. His first visit was in the late 1970s, when he was lured to the city by opportunity and optimism in the diamond trade. Dharavi was a melting pot of diverse beliefs, cultures, and languages, with the industrial atmosphere and the soul of Dharavi providing order.The visit to Dharavi was both humbling and disturbing. The community's struggle for survival was inspiring, but it also raised questions about their fate. Dharavi, like a human quilt, reminded of Mumbai's ability to embrace settlers of different origins…

The CEAT Indian Supercross Racing League, the world's first franchise-based Supercross league, is thrilled to announce the opening of the rider registration pool for the highly anticipated supercross league in India. The league, in partnership with FMSCI, showcases riders from around the world on thrilling supercross tracks, redefining motorsports in India with a captivating blend of action, entertainment, and fierce competition. Riders can register by completing the Rider Registration form on the Indian Supercross League website providing personal information, racing experience, social media, endorsement, contract status, and documentation on www.indiansupercrossleague.com. League promoter’s aim for 246 riders from all nationalities, with…

SAMCO Securities, an Indian online stockbroker, introduces the My Trade Story feature, featuring innovative tools like Trade Spreadsheet and Analytics. This feature revolutionizes traders' analysis and improves their trading strategies, providing personalized guidance for market outperformance. The Trade Spreadsheet, available in the "My Trade Story" section of the SAMCO Securities CRP (Capital Resource Planning) trading platform, offers comprehensive trade-related statistics and valuable insights at an individual level. CRP provides traders with detailed information on positions, P&L analytics, trade buy/sell legs, and technical indicators.It offers real-time market data, technical analysis tools, stop-loss orders, margin trading, and educational resources to help traders…