Business - The Purbottar

08 Feb

Shaadi.com CEO Slams IndiGo For ‘Inhumane’ Treatment Towards Passengers

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Anupam Mittal the CEO of Shaadi.com and a judge on Shark Tank India, took to X to express his discontent with IndiGo Airlines for what he describes as "inhumane" treatment towards the passengers. Mittal's grievances stem from two separate instances of significant flight delays he faced while flying with the budget carrier. His first discontent aroused during a flight from Delhi to Mumbai, where passengers were left waiting on the tarmac for over 45 minutes without air conditioning, apparently to reduce costs. The second incident took place on his return journey from Mumbai to Delhi, where the delay extended to…

08 Feb

42% of Indian kirana stores have already shifted away from Paytm: Report

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After the RBI's restrictions against Paytm Payments Bank last week, 42 % of kirana stores have shifted from Paytm and started using other mobile payment apps, according to a survey by Kirana Club on Thursday. As per the survey, which covers 5,000 respondents, nearly 20 per cent said they intend to use other payment apps. The survey said the trust in Paytm has been lost among 68 % of Indian Kirana stores after the RBI statement. "The survey revealed another stark finding about the trust among local retailers regarding Paytm. It indicates that trust in Paytm has decreased among 68…

08 Feb

MG Motor India acknowledges 100 years with Wow Offerings

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MG Motor India is celebrating its centenary by offering Wow prices for its 2024 model range to delight car buyers. The company has introduced a new trim of the MG ZS EV along with Wow prices for the MG Comet EV, MG Hector, and MG Gloster. The MG ZS EV 'Executive' is a luxurious electric vehicle with over 75 connected features, priced at INR 18.98 Lakh. It features a 50.3kWh Prismatic cell IP69K Rated ASIL-D & UL2580 battery. The MG Hector, India's first Internet SUV, offers advanced features like Panoramic Sunroof, HD portrait infotainment system, Digital Key, and ADAS Level.…

08 Feb

IHG® Hotels & Resorts signed management agreement for the Holiday Inn in Guwahati

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IHG® Hotels & Resorts has signed a management agreement with Yuvaan Developers Private Limited for Holiday Inn Guwahati in India's North-East region. Scheduled to open in January 2028, the new-build 150-key hotel signifies a significant stride towards IHG’s expansion strategy in secondary markets, in line with the growing demand for quality branded accommodation in the country. Guwahati, a gateway to northeastern India, is a thriving economic hub with Special Economic Zones, industrial manufacturing, healthcare, and education sectors. It's also a popular tourist destination, attracting visitors to tea gardens, wildlife sanctuaries, and ancient temples. The city is a hub for investment,…

08 Feb

24 Hours Toyota Hackathon successfully concluded in Bangalore

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Toyota Kirloskar Motor (TKM) announced the successful completion of its 24-hour Toyota Hackathon, held at the RV Institute of Technology and Management in Bangalore, to promote road safety. The event was presided over by Chief Guests Shri. H C Balakrishna, MLA Magadi, Chairman of Karnataka Road Development Limited, Shri. Sharath Bache Gowda, Chairman of Karnataka State Electronics Development Corporation Limited (KEONICS), Guest of Honour Shri. J. Purushotham, Additional Commissioner for Transport & Director – Road Safety Cell, Transport Department, Government of Karnataka, Special Invitee Mr. Brijesh Agarwal, Vice President- Operations at Consero Global, and TKM's Senior Executive Mr. Sudeep S.…

08 Feb

Recently Gautam Adani’s net worth hits $100 billion

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Recently Adani Group Chairman Gautam Adani’s net worth has hit $100 billion again, making him the world’s 12th richest person, Bloomberg reported. Actually Adani has regained much of his wealth after US short seller Hindenburg Research’s allegations sent his fortune plunging in early 2023. Adani Enterprises shares rose for an eighty day Wednesday after an earnings report showed a 130% surge in profit. This actually very good news as many people in India is becoming rich and making the country feels proud. Today India is very strong economy and everyone respects India a lot. Actually today India has become very…

08 Feb

Tata Motors announces Sitaram Kandi announced as the new CHRO

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Tata Motors announced that Mr. Sitaram Kandi is being appointed to the role of Chief Human Resources Officer (CHRO) of the company, effective 1st April 2024. As CHRO, Mr. Kandi will also join the Tata Motors Executive Committee. Mr. Kandi currently leads Human Resources for Tata Motors' Passenger Vehicle and Electric vehicle businesses, as well as Employee Relations and Skill Building. Mr. Kandi will be taking over from Mr. Ravindra Kumar G.P, who has been serving as the CHRO of Tata Motors since 2018 and will be moving on to a new responsibility within the Tata Group. A career HR…

08 Feb

Samsung India Ties Up with Blinkit

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Samsung, India’s largest electronics company, announced a tie-up with quick-commerce platform Blinkit to deliver its recently launched Galaxy S24 series in India. Customers in Delhi-NCR, Bengaluru and Mumbai can order Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 smartphones on Blinkit and get the phone delivered in less than 10 minutes. Customers buying the Galaxy S24 series on Blinkit can avail an instant cashback of INR 5000 if the purchase is done through HDFC Bank credit card. Samsung is partnering with Blinkit to meet the high demand for its flagship S24 series in India, which has secured record pre-bookings, making…

08 Feb

Tata Motors releases the Q3 FY24 Consolidated Results

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Tata Motors Ltd. (TML) has released its results for the quarter ending December 31, 2023. Tata Motors Consolidated, TML delivered a strong performance in Q3 FY24 performance,with Revenue of 110.6K Cr (up 25.0%), EBITDA at 15.8K Cr (up 60.6%) and EBIT of 9.2KCr (+5.3KCr). All automotive verticals continued profitable growth. PBT (bei) improved by 4.4KCr to 7.6KCr, and net profit was 7.1KCr. JLR revenue increased 22% to £7.4b, driven by improved wholesales and reduced material costs, resulting in EBIT margins of 8.8%. CV revenue increased 19.2%, CV revenue increased by 19.2%, and PV revenues increased by 10.6%. In Q3 FY24,…

08 Feb

Hilton Metal Forging Ltd aiming big business for Railway Forged Wagon Wheel

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Hilton Metal Forging Ltd, leading steel forging manufacturer and distributor, is focusing on the railway forged wagon wheel market. With a capacity to manufacture 48,000 wheels annually, the company aims to meet the increasing demand in the replacement market. Company is also looking forward to bigger Railway Forged Wagon Wheel Orders in the near future through tender route. The company has become the first Indian MSME to produce Indigenous Forged Railway Wheels, having successfully developed and supplied railway wheels to the Indian Railways, thus enabling it to participate in Global tenders. In early 2022, a company started developing a specialized…