Business Correspondent

Toyota Kirloskar Motor (TKM) today announced the elevation of its two senior officials in its Board. Mr. Tadashi Asazuma and Mr. Swapnesh R. Maruinducted as new Directors in the board of TKM with effect from 19thJanuary 2023. Mr. Tadashi Asazuma brings with him a rich global automobile industry experience of working for Toyota in Japan and regions like Middle East. He is currently holds the position of Executive Vice President and headsSales, Service & Used Car function of TKM and Mr. Swapnesh R, Maru, currently serving as the Executive Vice President & Chief Compliance Officer and oversees Finance, Human Resources&…

Health and wellness knowledge enterprise, Happiest Health is set to release India’s first Health and Wellness Lifestyle Print Magazine, which will offer credible knowledge on health and wellness-related topics. Happiest Health has a range of new products and services, including the launch of two mobile apps and a Metaverse Platform that will help users experience health and wellness knowledge in virtual space. The company is also introducing an array of wellness programmes, to enhance physical, emotional, spiritual, and mental wellness. Happiest Health also launched different wellness programmes, which will help people cope with everyday stress better and to make healthier…

VLCC & Trends co-present Femina Miss India 2023 hosted by Manipur Tourism co-powered by ORRA Fine Jewellery, makeup partner Colorbar Made for Magic & co-powered by Rajnigandha Pearls recently toured Guwahati for the Northeast zonal auditions, on the 18th of January 2023. Trends store, Christian Basti, Guwahati, played perfect hosts for the event and saw hundreds of aspirants from various corners of Northeast India. The pageant has kickstarted a national search to choose delegates from 29 states and a collective representative for the Union Territories (including J&K), totaling 30 state winners, who would be competing at the grand finale stage.…

Bandhan Bank has announced its financial results for the third quarter of the financial year 2022-23. The Bank has crossed the milestone of Rs.2 lakh crore of total business in a span of just over seven years of operations. The Bank’s total business (deposits and advances) grew 16% year-on-year to reach Rs.2,00,070 crore as on December 31, 2022. The Bank serves 2.86 crore customers through 5,723banking outlets across 34 of the 36 states and union territories in India. During the third quarter of the current financial year, the Bank’s deposit book grew 21% over the corresponding quarter of the previous…

World Gold Council has launched its report ‘Jewellery Demand and Trade’, as part of a series of in-depth analysis on the Indian gold market. The report examines the demand and importance for gold jewellery in India after a shift in the consumer behavior over the years.  It throws light on the jewellery segmentation in India while also dissecting the regional, income and demographic demand for gold jewellery. It further explores some of the largest gold jewellery export destinations for India and a solid outlook for the industry. The report shows that, Bridal jewellery dominates the gold jewellery landscape, enjoying 50-55%…

DSP Investment Managers mention in their Annual Note that India story is a reality now, despite the short-term challenges. Current multiples for Indian markets (the MSCI India Index is trading at 21X Forward PE) are high compared to history and the returns from these levels have been moderate in the past. The annual note of DSP, 2023 mentions representation of a major shift and a significant opportunity for investors as India continues to rise in the global economy. The "Value" and "Momentum" factors tend to exhibit more significant fluctuations. Vinit Sambre, Head - Equities, DSP Investment Managers Pvt Ltd., said,…

The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the standalone and consolidated results for Q3FY23, at the Board meeting held in Mumbai, today. The Bank's PAT for Q3FY23 stood at ₹ 2,792 crore, up 31% from  2,131 crore in Q3 FY22. Net Interest Income (NII) increased to  5,653 crore, from 4,334 crore in last quarter, up 30% YoY. Customers as at December 31, 2022 were 39.0 mn (30.7 mn as at September 30, 2021). Customer Assets, which comprise Advances and Credit Substitutes, increased by 24% to $3,39,313 crore. Advances increased by over 23% to Rs 3,10,734 crore…

Reliance Jewels is committed to offering the best possible shopping experience to its customers through its focus on unique design, unique collections &various exciting offers. With the Dream Diamond Sale the brand is offering their patrons an opportunity to experience a wide range of Diamond Jewellery Designs with exquisite craftsmanship. Patrons can shop and enjoy unbeatable savings on the diamond Jewellery collection during our Dream Diamond Sale with exciting discount of Upto 25% off on Diamond Value. The offer is Valid till 14th February 2023 only, T&C apply. From Contemporary designs to timeless classics, the collection has something for everyone.…

Toyota Kirloskar Motor (TKM) has announced that Ms. Manasi Tata will take over as the new Vice Chairperson with immediate effect. Ms. Manasi will also take over as the Vice Chairperson of Toyota Kirloskar Auto parts (TKAP). The resolution passed in its board meeting, comes after the untimely demise of Late. Mr. Vikram S. Kirloskar, former Vice Chairman of Toyota Kirloskar Motor. Commenting on her new role, Ms. Manasi said “I’m excited to enrich my journey with Toyota Kirloskar Motor. I am confident that with my personal belief of putting people first we will continue to create the best value…