Business Bureau

The National Skill Development Corporation (NSDC) has registered on the Social Stock Exchange (SSE). This is an effort by the Government of India to boost organizations working for underserved communities. The SSE is a unique initiative, allowing social enterprises and voluntary organizations to access a wider capital pool. NSDC CEO Ved Mani Tiwari met with Mr. Hemant Gupta, MD, BIL Ryerson Technology Startup Incubator Foundation, and Head, BSE Social Stock Exchange. Finance Minister Smt. Nirmala Sitharaman proposed the idea of an electronic fund-raising platform, Social Stock Exchange, under the regulatory ambit of SEBI for listing social enterprises and voluntary organizations…

SAP and IBM announced that IBM Watson® technology will be embedded into SAP® solutions to provide new AI-driven insights and automation to help accelerate innovation and create more efficient and effective user experiences across the SAP solution portfolio. SAP will use IBM Watson capabilities to power its digital assistant in SAP Start, which provides a unified entry point for cloud solutions from SAP and SAP S/4HANA® Cloud. New AI capabilities in SAP Start will help users boost productivity with natural language capabilities and predictive insights, built on IBM's trust and transparency and data privacy principles. SAP Start is extending digital…

In the wake of rising stress levels, Himalaya Wellness Company, one of India’s leading wellness brands, launched the campaign “Ab Stress Nahi, De-stress Kijiye” to raise awareness about the impact of unaddressed stress, while focusing on natural ways to handle multiple stressors in life. The campaign highlights the stress triggers of modern lifestyle and emphasizes the role of Himalaya Ashvagandhain in minimizing stress and bringing calm to chaotic stress. It focuses on three individuals from diverse backgrounds who struggle to cope with stress. The doctor emphasizes the benefits of Himalaya Ashvagandha, an adaptogenic herb that has been used for centuries…

Toyota Kirloskar Motor (TKM) registered sales of 14,162 domestic units in the month of April, 2023. The company also exported 1,348 units of The Urban Cruiser Hyryder this month, thus clocking a total of 15, 510 units. While there were no exports in the corresponding period last year, TKM had registered domestic sales of 15,086 units in April 2022. The company undertook a week long maintenance shutdown from April 24-28, 2023 for the upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety. TKM posted a 26% increase in domestic sales in the first four months of 2023,…

The Board of Directors of IDFC FIRST Bank, in its meeting held approved the audited financial results for the quarter and financial year ended March 31, 2023. The key highlights were:  Profit after Tax increased to Rs. 2,437 crore for FY 23, up from Rs. 145 crores in FY 22. Q4-FY23 was at Rs. 803 crore, up 134% as compared to Q4-FY22.  Customer deposits were at Rs. 1,36,812 crore, up 47% YOY. Loans & Advances were at Rs. 1,60,599 crore, up 24% YOY. Asset quality improved with Gross NPA at 2.51% and Net NPA at 0.86%. Capital adequacy was strong…

Physics Wallah (PW) has launched the Second Edition of its Scholarship Admission Test (SAT) to provide up to 90% scholarships to avail quality coaching and guidance at Vidyapeethcentres to meritorious JEE/NEET aspirants of Class 8th-12th and droppers.  PW plans to offer 160 cr worth of scholarships in an impending academic year, and the PW SAT will be conducted online every day till the 14th of May, and offline on the 7th and 14th of May. The online/offline exam covers Maths, Science, and Mental Ability for classes VIII-XII, with PCM/PCB included for classes XI and XII. Students can take the test…

The Government of Mizoram organized a Roundtable Session in association with the Ministry of Development of North Eastern Region, FICCI (the Knowledge Partner), EY (the Knowledge Partner), and Invest India.  The Roundtable is part of a series of multi-city Investors Roundtable Programs organized in the run-up to the Northeast Global Investors Summit which is planned to be held in New Delhi later this year. Shri Zoramthanga, Chief Minister of Mizoram, was the Chief Guest at the Roundtable who interacted with Government officials from the State and MDoNER, regarding opportunities across sectors. Other senior officials present included Shri H. Rammawi, Esther…

Nissan Motor India Pvt. Ltd. (NMIPL) has announced wholesales of 3249 units for the month of April 2023. Domestic wholesales stood at 2617 units, while export wholesales stood at 632 units.Nissan Motor India had recently announced YTD sales growth of 23% for FY 2022-23, with YOY March growth of 8% for domestic sales and now 24% in April 2023 with the growth momentum continuing into the next fiscal year 2023-24.  Nissan operates on a PHYGITAL distribution approach to meet the evolving needs of customers. In April 2023, Nissan increased its customer touchpoints with the addition of two showrooms and workshops…

Tata Motors Limited sales in the domestic and international markets for April 2023 stood at 69,599 vehicles, compared to 72,468 units during April 2022. Total Domestic Sales decreased by -4% from April 2022 to April 2023 Commercial Vehicles performance are as follows: Growth of HCV Trucks is -6% in April 2023. Sales ILMCV Trucks decreased by -62% from April 2022 to April 2023. Passenger carriers experienced a -4% decrease in growth in April 2023. SCV cargo and pickup growth decreased -30% from April 2022  to April 2023. Domestic growth decreased by -28% in April 2023. Category growth increased by 3%…

Prime Minister Modi completed the 100th episode of Mann Ki Baat on Sunday. The PM's radio program has served as a platform for citizens to engage with PM Modi, highlighting various things that citizens across the country have contributed to India's development. Sunday was special because the show completed 100 episodes. This special occasion was celebrated not only in India but also in many Missions and Embassies of India across the world. Missions of India telecasted the 100th episode of Mann Ki Baat live in all global regions, including Europe, Asia, Africa, France, Saudi Arabia, ASEAN, Paraguay and the United…