Business - The Purbottar

02 Mar

HCCB invests Rs 350 cr in Madhya Pradesh

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Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs 350 crore investment in Madhya Pradesh for establishing two manufacturing lines at its Rajgarh plant. "The fresh infusion of capital will see the introduction of 2 new, state-of-the-art manufacturing lines at HCCB's factory in Rajgarh, that will produce Affordable Small Sparkling Packs (ASSP) and Juice Tetra Packs," the statement said. The investment will not only strengthen HCCB's manufacturing capabilities but also significantly contribute to the state's economy, it added. The Madhya Pradesh government has extended support to facilitate HCCB in obtaining all necessary permissions, approvals…

02 Mar

Mahindra Logistics Limited set to broaden its footprint in West Bengal

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Mahindra Logistics Limited, a leading Indian logistics provider, is expanding its presence in West Bengal by opening a 1.1 lakh sq. ft. fulfillment center in Malda, West Bengal, focusing on last-mile deliveries and fulfillment. This centre is a critical part of Mahindra Logistics’ supply chain network and will execute efficient and timely deliveries through end-to-end fulfilment and distribution capabilities. Additionally, Mahindra Logistics is also adding 14 last-mile delivery stations, touching approximately 15,000 households daily. Mahindra Logistics has expanded its warehousing footprint in West Bengal to 3.3 lakh sq. ft, enhancing its presence across the country. The company offers full truck…

02 Mar

Shri D. Sridhar Babu inaugurates the expanded Medtronic Engineering & Innovation Center in Hyderabad

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Medtronic, a global leader in medical technology, has inaugurated its expanded Medtronic Engineering and Innovation Center (MEIC) in Hyderabad. The center was inaugurated by Shri D. Sridhar Babu, Honorable Minister of IT, Industries & Commerce, Govt. of Telangana, and Geoff Martha, Chairman and CEO, in presence of US Consul General Jennifer Larson. Medtronic plans to expand its R&D center by investing over INR 3000cr (over $350M) over five years to scale up and employ 1500 people, aligning with its goal to expand its global R&D footprint and invest in local innovation ecosystems. MEIC is also Medtronic’s largest R&D center outside…

02 Mar

LTIMindtree Joins Forces with IBM

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IBM announced that LTIMIndtree, a global technology consulting and digital solutions company, has joined the IBM Quantum Network to explore quantum computing innovation for the benefit of its global clientele across multiple industries. LTIMindtree is the first Indian Global System Integrator (GSI) to join the IBM Quantum Network. LTIMindtree expands on its platinum partner status with IBM, joins a global community of Fortune 500 companies, top universities, research labs, and startups as part of the IBM Quantum Network, accessing IBM resources, including cloud-based quantum computing systems, software, and expertise. This move is a strategic step toward LTIMindtree helping their customers…

02 Mar

Samsung Announces New Memory Variant of Galaxy A15 5G

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Samsung, India’s largest consumer electronics brand, announced the launch of a new storage variant, 6GB+128GB of Galaxy A15 5G at an attractive price of INR 16499. The addition of the new storage variant will give more choices to consumers looking to buy Galaxy A15 5G. The Galaxy A15 5G is now available in three memory variants: 6GB+128GB, 8GB+256GB, and 8GB+128GB. The 8GB+256GB variant is priced at INR 22499, the 8GB+128GB variant at INR 19499, and the 6GB+128GB variant at INR 17999. Customers can also avail bank cashback worth INR 1500 on the 6GB+128GB variant. The Galaxy A15 5G is equipped…

02 Mar

Bajaj Allianz Life Insurance records highest growth among top 10 private life insurers in FY2024

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Bajaj Allianz Life Insurance Company, a prominent private life insurer in India, is undergoing a transformative journey to enhance its business parameters. The 9MFY2024 results showcase its outstanding performance vis-à-vis the other private players in the Indian life insurance industry. Bajaj Allianz Life Insurance's Individual Rated New Business (IRNB) for 9MFY2024 grew by 24%, nearly three times the industry average. The company's three-year CAGR of 39% in IRNB from FY 2020 to FY 2023 further demonstrates its strong growth trajectory as a private life insurer. The Company’s GWP stood at INR 14,860 Crores for 9M FY24, on the back of…

02 Mar

Nissan set to launch autonomous-drive mobility services in Japan

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Nissan Motor Co., Ltd. has announced its plan to commercialize its autonomous-drive mobility services in Japan. Nissan's Nissan Ambition 2030 aims to improve mobility by addressing transportation service issues faced by local communities in Japan. Local communities have been facing several mobility challenges, such as driver shortages, which are a result of an ageing population. With this service, Nissan will provide a broad range of new services that enable free movement. Nissan has been conducting mobility service business models in Japan and abroad since 2017, focusing on Minato Mirai and Namie town, Fukushima Prefecture. Since 2021, Namie Smart Mobility operates…

01 Mar

DGCA Fines Air India Rs 30 Lakh Over Wheelchair Incident After Man’s Death

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The non-availability of a wheelchair at Mumbai's Chhatrapati Shivaji Maharaj International Airport took a life of an 80 year old man. The man was travelling alongwith his wife in Air India flight AI-116 from New York to Mumbai. The elderly man faced the unfortunate ordeal of walking approximately 1.5 km from the flight to the immigration desk due to the non availability of wheelchairs, despite both individuals having pre-booked the assistance, only the wife received one. After looking into the matter, the Directorate General of Civil Aviation (DGCA) has taken major step against Air India, imposing a significant financial penalty…

01 Mar

Google starts removing apps from Play Store for not paying service fee

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Google on March 1 (Friday) started an initiative of removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments. Google said that 10 companies in the country, including "many well-established" had skipped from paying fees despite benefiting from the platform. However Google has not mentioned the firms but a search on Play Store did not opened results for matrimonial apps such as Bharat Matrimony, Shaadi and Matrimony.com. Balaji Telefilms' Altt (formerly ALTBalaji), dating service Quack Quack, audio platform Kuku FM and Truly Madly also disappeared from the Play Store. The…

01 Mar

Air India unveiled ‘Safety Mudras’, the airline’s new inflight safety video

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Air India has launched 'Safety Mudras', an in-flight safety video that integrates safety instructions with the vibrant culture of India. The video captures the festive spirit and joy that Bihu brings to Assam, celebrating the cultural richness of the region. The safety video, composed by Grammy-winning Shankar Mahadevan, blends safety and culture, capturing India's essence in mesmerising locations. It will be accessible on Air India's A350 aircraft, equipped with advanced inflight entertainment screens, and will be gradually deployed on other aircraft in the fleet. Campbell Wilson, CEO & MD, Air India, stated, “Our guests will find this inflight safety video…