Business - The Purbottar

16 Aug

Union Minister Shri Dharmendra Pradhan launched DBT in National Apprenticeship Promotion Scheme

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Union Minister Shri Dharmendra Pradhan launched Direct Benefit Transfer (DBT) in National Apprenticeship Promotion Scheme (NAPS) to increase industry participation and young individuals' apprenticeship training. Around 15 crores were disbursed to one lakh apprentices, marking the launch of DBT in NAPS. A total of 25 lakh youth have been engaged as apprentices since the inception of inception National Apprenticeship Promotion Scheme in 2016, till 31st July 2023. Around 2.6 lakh Apprentices have completed training in FY 23-24. The Government of India’s proactive efforts to promote quality training across sectors, led tothe number of active establishments subsequently increase from 6,755 in…

16 Aug

Hero Motocorp Q1 FY24 Revenue Reports Rs. 8,767 Crore

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Hero MotoCorp reports financial performance for first quarter of FY' 2024, highlighting its largest motorcycle and scooter manufacturer. The company's Revenue from Operations for the quarter stood at Rs. 8,767 Crore, (vs Rs. 8,393 Crore) and Total Income of Rs 8,989 Crore (vs Rs 8,446 Crore). Driven by softening of commodity costs, accelerated savings programs, and judicious price increases, EBITDA margin for the quarter stood at 13.8%, reflecting an improvement of 250 bps. The underlying EBITDA margin for ICE Business stands at 14.5%, excluding the impact of EV business. Profit Before Tax and exceptional item for Q3 reached Rs. 1,255…

16 Aug

Flipkart hosts fifth ‘Crafted by Bharat’ sale event

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Flipkart, India's e-commerce giant, has announced the fifth edition of its 'Crafted by Bharat' sale event, celebrating India's handicrafts and handlooms culture. The event will showcase over 1 lakh products from over 300 art forms across India, set to launch on August 15, 2023.The Flipkart Samarth program celebrates India's rich cultural heritage by showcasing ancient art forms like Dokra, Tant, and Kalamkari. The event will feature a dedicated Flipkart storefront, showcasing products by women sellers. The event will feature thousands of artisans, weavers, people with disabilities, women from SHGs, and government emporiums. The event will showcase handicraft and cultural products…

16 Aug

SG Sports acquires franchise team at Indian Supercross Racing League

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SG Sports, led by APL Apollo, is transforming chess to racing with the launch of SG Speed Racers in the CEAT Indian Supercross Racing League. The franchise, which previously operated SG Alpine Warriors in Tech Mahindra Global Chess League, promises adrenaline-pumping real action and fierce competition. The FMSCI collaborates to launch India's first franchise-based Supercross Racing League, bringing riders from around the world to compete in various formats and categories. APL Apollo, a top structural steel tubing brand in India, has a 55% market share and has been a principal sponsor for Delhi Capital in IPL for three years. SG…

16 Aug

NSE remains focused on being a catalyst for capital market formation

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“On the occasion of our Independence Day, let us remember the sacrifice and contribution of our nation’s freedom fighters who envisioned a sovereign and prosperous India. As one of the leading global economies, we stand on the cusp of transformation, growth and development, echoing the spirit of a resurgent India. NSE remains focused on being a catalyst for capital market formation, nation – building and job creation, and continues its sustained efforts towards empowering investors. Happy Independence Day.” Shri. Ashishkumar Chauhan, MD & CEO, NSE on Independence Day.

16 Aug

Amazon has cumulatively digitized over 62 lakh MSMEs

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Amazon India shared updates on the pledges it had announced as part of its commitment to India. Amazon shared that it has cumulatively digitized over 62 lakh micro small and medium enterprises (MSMEs), enabled nearly $8 billion in cumulative e-commerce exports and created more than 13 lakh direct and indirect jobs in India till date. Amazon had pledged to digitize 1 crore MSMEs, enable $20 billion in cumulative e-commerce exports and create 20-lakh jobs in India by 2025. Amazon is well on track to fulfil these pledges. About two years ago, Amazon had announced the $250 MM Amazon Smbhav Venture…

14 Aug

Tata Tea Premium pays tribute to India’s rich handloom legacy

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Tata Tea Premium, the flagship brand from Tata Tea’s diverse portfolio, has been celebrating India and its elements of pride reflective in its art, culture, and heritage for Independence Day through its #DeshKaGarv initiative. Tata Tea Premium plans to celebrate India's 75-year post-Independence journey with its DeshKeDhaage campaign on Independence Day, celebrating India's rich handloom legacy. Tata Tea Premium packs, designed for Assam, showcase Muga silk, a durable textile with a golden sheen. India's rich cultural heritage is rooted in its handlooms, which have become an integral part of the country's fabric. On Independence Day, Tata Tea Premium – Desh…

14 Aug

Hero MotoCorp’s iconic Passion motorcycle ranks among top-10 best-selling in India

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Hero MotoCorp's iconic motorcycle Passion, a top-10 best-selling vehicle, offers style, comfort, and convenience for daily commutes. Reiterating the brand's trust and reliability, Passion is a reliable choice for daily use. Hero MotoCorp's Splendor and HF are among the top five best-selling motorcycles in India, showcasing their market leadership in the 100cc motorcycle category. With continued support from customers, Hero Passion has emerged as the third Hero MotoCorp motorcycle to join Hero Splendor and Hero HF in the top ten motorcycles of the country for the two consecutive months. Ranjivjit Singh, Chief Business Officer (India BU), Hero MotoCorp, said, “We…

14 Aug

NSDC and Pearson partner to improve Indian youth employability skills

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The National Skill Development Corporation (NSDC) and Pearson have formed a partnership to improve employability skills in Indian youth. The partnership will integrate Pearson VUE's IT Specialist Certification and English Language Testing programs, Versant and Mondly, into NSDC's eLearning platforms. Pearson VUE, a pioneer in computer-based testing, administers over 19 million certification exams annually across academia, IT, and healthcare. The IT Specialist Certification program validates knowledge in software development, networking, and security, providing essential training for IT professionals. The partnership was announced at the Akhil Bhartiya Shiksha Samagam 2023, signed by Ved Mani Tiwari, Chief Executive Officer of the National…

14 Aug

Tata Motors partners with Kendriya Police Kalyan Bhandar

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Tata Motors, India's largest automotive manufacturer, has joined forces with the Kendriya Police KalyanBhandar (KPKB) to provide electric vehicles (EVs) to paramilitary forces, state police personnel, and their families. The partnership will offer special rates on Tata Motors' EV portfolio, including Tiago.ev, Tigor EV, and Nexon EV PRIME and MAX, to all beneficiaries. As a measure of welfare for the currently serving and retired personnel of Railway Protection Force (RPF), the Intelligence Bureau (I.B), Special Protection Group (SPG), National Crime Records Bureau (NCRB), National Investigation Agency (NIA), Indo-Tibetan Border Police (ITBP), Central Reserve Police Force (CRPF), SashastraSeema Bal (SSB), Central…