Business - The Purbottar

04 Nov

Kia India records its 4th highest monthly domestic sales with 24,351 units

Business Bureau0 CommentsBusiness

Kia India, a leading mass premium carmaker, achieved its 4th highest monthly sales in October, with 24,351 units sold. The strong growth of the new Seltos and festive season contributed to a 4.41% YoY growth, compared to 23,323 units sold in the same month last year. In CY2023, Kia India has sold 219,702 units till October 2023. The Seltos contributed the most to KIN's CY 2023 sales with 83,250 units, followed by Sonet and Carens, with 73,333 and 60,817 units sold, respectively. Hardeep Singh Brar, National Head, Sales & Marketing, Kia India said, "The fact that our products like the…

04 Nov

Orientbell Tiles introduces technology to simplify the tile-buying experience

Business Bureau0 CommentsBusiness

Orientbell Tiles, a leading Indian tile manufacturer, has been focusing on technology for over 45 years, launching new initiatives to simplify tile shopping for customers across the country. Orientbell Tiles has introduced advanced digital tools to streamline the tile-shopping process for consumers who are increasingly time-conscious. The company's website (www.orientbell.com) features advanced e-commerce-like search filters to help you sift through 3000+ SKUs. You can even try your selected tile in your own room by uploading a picture!Customers can find similar tiles by uploading inspiring pictures from Instagram or Pinterest, and can order samples for touch and feel. In addition…

04 Nov

TPEM signed a Memorandum of Understanding with JLR

Business Bureau0 CommentsBusiness

Tata Passenger Electric Mobility Ltd and Jaguar Land Rover Plc have signed a Memorandum of Understanding (MoU) for the licensing of JLR's Electrified Modular Architecture platform for the development of TPEM's 'premium pure electric' vehicles series 'Avinya' on the EMA platform, including a royalty fee for electrical architecture, electric drive unit, battery pack, and manufacturing know-hows. TPEM and JLR will also enter into an Engineering Services Agreement (ESA) to support TPEM’s change content requirements for the first vehicle development. JLR is set to launch its next generation of 'pure electric' mid-sized SUVs in international markets starting from 2025. The EMA…

04 Nov

Tata Motors Reports The Consolidated Q2 FY24 Results

Business Bureau0 CommentsBusiness

Tata Motors Ltd. (TML) has released its results for the quarter ending on September 30, 2023. TML maintained its strong performance in Q2 FY24, achieving revenues of 105.1K Cr, a 32.1% increase. TML's Q2 FY24 EBITDA and EBIT increased by 86.4% and 7.8KCr respectively, indicating profitable growth in all auto verticals. PBT (bei) experienced a substantial increase of 7.9KCr to 6.1KCr, resulting in a net profit of 3.8KCr. The business achieved a strong PBT of 11.4KCr in H1 FY24, an 18.2KCr improvement from the previous year, and reduced net automotive debt to 38.7KCr. JLR revenues increased 30.4% to £6.9b, driven…

04 Nov

NSDC collaborates with HCLTech to shift job markets from qualification-based to skill-based hiring

Business Bureau0 CommentsBusiness

The National Skill Development Corporation (NSDC) has partnered with HCL Tech to address the skills gap in the tech and engineering sectors, in line with Prime Minister Shri Narendra Modi's vision of empowering India's youth through digital technology and AI. The partnership aims to promote technology adoption among diverse learners and explore new global markets. The agreement was exchanged by Ved Mani Tiwari, CEO, NSDC and C Vijayakumar, CEO & Managing Director, HCL Tech. This partnership comes shortly after the recent G20's Digital Economy Working Group (DEWG) meeting, which achieved consensus on deliverables in three discussion areas: Digital Skilling, Digital…

04 Nov

Tata Motors to provide and operate Ultra EV Electric Buses in Srinagar Smart City

Business Bureau0 CommentsBusiness

Tata Motors, India's largest commercial vehicle manufacturer, has supplied the first batch of Ultra EV air-conditioned electric buses to Srinagar Smart City Limited through TML Smart City Mobility Solutions. The Housing and Urban Development Department of the Government of Jammu & Kashmir is supplying, maintaining, and operating 100 electric buses in Srinagar and Jammu for a 12-year period for the Jammu and Srinagar Smart City projects. The zero-emission buses, built on next-gen architecture and powered by advanced battery systems, are designed for a safe, comfortable, and convenient intra-city commute across Srinagar. The collaboration aims to establish an environmentally and financially…

04 Nov

Intel partners with local companies to boost laptop manufacturing in India

Priyanka Bhowmick0 CommentsBusiness, IndiaINDIA

Intel is accelerating local manufacturing in India through a new collaboration with 8 local companies, a mix of both EMS and ODMs. The semiconductor chip maker said it will equip these companies with the know-how needed to set up laptop production for both domestic and international demand. The collaboration will see the manufacturing of "complete" entry-level laptops in India, with Intel sharing its SMT line know-how, setting up a quality control process for components and benchmarking the finished product. Companies Intel is collaborating with include Bhagwati Products Limited, Dixon Technologies India Limited, Keynes Technology India Limited, Optiemus Electronics Limited, Panache…

04 Nov

Kotak Mahindra Bank Announce Strategic Alliance with Zurich Insurance Group

Business Bureau0 CommentsBusiness

Kotak Mahindra Bank, Kotak Mahindra General Insurance Company, and Zurich Insurance Company Limited have agreed to invest approximately Rs 4,051 crore to acquire a 51% stake in Kotak General Insurance through a combination of growth capital and share purchase. Zurich will also acquire an additional 19% stake within three years from its initial acquisition, making it the single largest investment by a global strategic insurer in an Indian non-life insurer. Tulsi Naidu, CEO Asia Pacific, Zurich Insurance Company Limited said, “With Kotak Mahindra Group’s high-quality franchise and expertise in Indian financial services, and Zurich’s deep distribution experience and class-leading capabilities…

03 Nov

I don’t call this honest, says Zomato CEO Deepinder Goyal on discount offers

Business Correspondent0 CommentsBusiness

Zomato CEO Deepinder Goyal in a recent conversation with YouTuber Ranveer Allahbadia revealed about the hidden story behind dishonest Zomato discounts on orders, when he was asked how the food delivery major manages to give seemingly huge discounts to buyers, order after order. "'Fifty per cent off up to Rs 80' is not a discount of 50 per cent, it is only a discount of Rs 80. If there is an order for Rs 400, that is only a 20 per cent discount. I want to change it, I don't call this discounting honest." "Discounting should be honest. If you…

03 Nov

Optum partners with NGOs across Delhi NCR

Business Bureau0 CommentsBusiness

Optum team members volunteered at various NGOs in Delhi NCR as part of the annual Geographically Inclusive Volunteer Event (G.I.V.E.) from October 3-15, 2023. Optum, a leading health solution and care delivery organization, is part of UnitedHealth Group, a Fortune 5 company. Through G.I.V.E., the aim is to foster an environment of sensitivity, empathy and hope while providing team members a platform to care, connect and grow together. Optum volunteers collaborated with NGOs like CanSupport and Maxvision Social Welfare Society to provide palliative care for cancer patients and engage children, women, and the elderly with performative arts, bringing smiles to…