Business

NSDC registers on Social Stock Exchange
06 May

NSDC registers on Social Stock Exchange

Business Bureau0 CommentsBusiness
The National Skill Development Corporation (NSDC) has registered on the Social Stock Exchange (SSE). This is an effort by the Government of India to boost organizations working for underserved communities. The SSE is a unique initiative, allowing social enterprises and voluntary organizations to access a wider capital pool. NSDC CEO Ved Mani Tiwari met with Mr. Hemant Gupta, MD, BIL Ryerson Technology Startup Incubator Foundation, and Head, BSE Social Stock Exchange. Finance Minister Smt. Nirmala Sitharaman proposed the idea of an electronic fund-raising platform, Social Stock Exchange, under the regulatory ambit of SEBI for listing social enterprises and voluntary organizations…
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E-commerce startup Meesho cuts 15% workforce
06 May

E-commerce startup Meesho cuts 15% workforce

Priyanka Bhowmick0 CommentsBusiness, India,
E-commerce firm Meesho lost nearly 15% of its employees on Friday, citing an organizational restructuring as the company remains profitable in a declining startup funding environment.Meesho said layoffs affected 251 employees although affected employees will be given a separation package that includes 2.5 to 9 months of one-time separation payments, continued insurance benefits, job recruitment support and accelerated assignment of ESOPs.This is the third time of layoff at a Bengaluru-based startup. In August last year, the e-commerce firm laid off 300 employees after closing its grocery business Farmiso and merging it into Meesho's core app. In an email to employees…
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SAP Embed IBM Watson Artificial Intelligence into SAP solution
06 May

SAP Embed IBM Watson Artificial Intelligence into SAP solution

Business Bureau0 CommentsBusiness
SAP and IBM announced that IBM Watson® technology will be embedded into SAP® solutions to provide new AI-driven insights and automation to help accelerate innovation and create more efficient and effective user experiences across the SAP solution portfolio. SAP will use IBM Watson capabilities to power its digital assistant in SAP Start, which provides a unified entry point for cloud solutions from SAP and SAP S/4HANA® Cloud. New AI capabilities in SAP Start will help users boost productivity with natural language capabilities and predictive insights, built on IBM's trust and transparency and data privacy principles. SAP Start is extending digital…
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CEO Tim Cook said Apple iPhone sales increased significantly
05 May

CEO Tim Cook said Apple iPhone sales increased significantly

editor0 CommentsBusiness, Economy, India
Releasing the results of the quarter on April 1, Apple has achieved better growth in its revenue than expected. The shares of the company have also increased by 2 percent. The company told that the sale of the iPhone has increased to Rs 419100 crore. American tech giant Apple on Thursday gave information about revenue and profit for the April 1 quarter. The company said that these figures have come better than expected. According to the market value, the share prices of Apple, America's largest company, have increased by 2 percent. The gross profit margin will be better Apple officials…
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Himalaya Wellness Company launched “Ab Stress Nahi, De-stress Kijiye” to reduce stress
05 May

Himalaya Wellness Company launched “Ab Stress Nahi, De-stress Kijiye” to reduce stress

Business Bureau0 CommentsBusiness
In the wake of rising stress levels, Himalaya Wellness Company, one of India’s leading wellness brands, launched the campaign “Ab Stress Nahi, De-stress Kijiye” to raise awareness about the impact of unaddressed stress, while focusing on natural ways to handle multiple stressors in life. The campaign highlights the stress triggers of modern lifestyle and emphasizes the role of Himalaya Ashvagandhain in minimizing stress and bringing calm to chaotic stress. It focuses on three individuals from diverse backgrounds who struggle to cope with stress. The doctor emphasizes the benefits of Himalaya Ashvagandha, an adaptogenic herb that has been used for centuries…
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Toyota Kirloskar Motor Sold 15,510 units in April 2023
05 May

Toyota Kirloskar Motor Sold 15,510 units in April 2023

Business Bureau0 CommentsBusiness
Toyota Kirloskar Motor (TKM) registered sales of 14,162 domestic units in the month of April, 2023. The company also exported 1,348 units of The Urban Cruiser Hyryder this month, thus clocking a total of 15, 510 units. While there were no exports in the corresponding period last year, TKM had registered domestic sales of 15,086 units in April 2022. The company undertook a week long maintenance shutdown from April 24-28, 2023 for the upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety. TKM posted a 26% increase in domestic sales in the first four months of 2023,…
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IDFC First Bank Released FY23 Results
05 May

IDFC First Bank Released FY23 Results

Business Bureau0 CommentsBusiness
The Board of Directors of IDFC FIRST Bank, in its meeting held approved the audited financial results for the quarter and financial year ended March 31, 2023. The key highlights were:  Profit after Tax increased to Rs. 2,437 crore for FY 23, up from Rs. 145 crores in FY 22. Q4-FY23 was at Rs. 803 crore, up 134% as compared to Q4-FY22.  Customer deposits were at Rs. 1,36,812 crore, up 47% YOY. Loans & Advances were at Rs. 1,60,599 crore, up 24% YOY. Asset quality improved with Gross NPA at 2.51% and Net NPA at 0.86%. Capital adequacy was strong…
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Physics Wallah Offering 160 Cr Scholarships for Quality Offline Education
05 May

Physics Wallah Offering 160 Cr Scholarships for Quality Offline Education

Business Bureau0 CommentsBusiness
Physics Wallah (PW) has launched the Second Edition of its Scholarship Admission Test (SAT) to provide up to 90% scholarships to avail quality coaching and guidance at Vidyapeethcentres to meritorious JEE/NEET aspirants of Class 8th-12th and droppers.  PW plans to offer 160 cr worth of scholarships in an impending academic year, and the PW SAT will be conducted online every day till the 14th of May, and offline on the 7th and 14th of May. The online/offline exam covers Maths, Science, and Mental Ability for classes VIII-XII, with PCM/PCB included for classes XI and XII. Students can take the test…
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Roundtable Mizoram organized to facilitate businesses in the region
05 May

Roundtable Mizoram organized to facilitate businesses in the region

Business Bureau0 CommentsBusiness
The Government of Mizoram organized a Roundtable Session in association with the Ministry of Development of North Eastern Region, FICCI (the Knowledge Partner), EY (the Knowledge Partner), and Invest India.  The Roundtable is part of a series of multi-city Investors Roundtable Programs organized in the run-up to the Northeast Global Investors Summit which is planned to be held in New Delhi later this year. Shri Zoramthanga, Chief Minister of Mizoram, was the Chief Guest at the Roundtable who interacted with Government officials from the State and MDoNER, regarding opportunities across sectors. Other senior officials present included Shri H. Rammawi, Esther…
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