Business - The Purbottar

16 Aug

Apple supplier Foxconn begins iPhone 15 production in India

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Apple's hardware manufacturing partner Foxconn has come up with a decision to start production of iPhone 15 in India itself. As per the reports of Bloomberg, the manufacturing will start at the Sriperumbudur plant in Tamil Nadu. Recently it was published that India became the fifth largest iPhone market in the world. China has been doing its best in production of the best models of iPhones and India still lags behind in this sector. But further plans are on the way to push India harder in terms of technological advancement. The iPhones will be available in the Indian market within…

16 Aug

Air India Rebranding: Airline reveals new livery and logo

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Tata Group's budget carrier Air India Express is planning to rebrand aircraft with new logo and livery. As per the reports, the change in logo and livery will be done retaining the tail art of the aircraft which symbolizes India's aesthetic art and culture. The rebranding will be done in a phases to ensure the smooth operations. "Future Brand, the company that designed Air India's new logo, is involved in the rebranding of Air India Express. We have a unique identity when it comes to tail art that beautifully displays India's art and culture. Under the rebranding, the tail art…

16 Aug

TTTI commemorates the passing out of its 14th Batch of Students

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Toyota Technical Training Institute celebrates 14th batch's graduation with grand convocation ceremony. Successful completion of skill training on Global Manufacturing Practices for 62 TTTI Regular and 41 Toyota Kaushalya students in rural Karnataka. The academic honours were handed over to the outgoing batch of students for the Regular TTTI 3 year course and the first batch students from Toyota Kaushalya 2 year program, by esteemed Chief Guest - Jagadguru Sri Sri Sri Dr. Nirmalanandanatha Mahaswamiji, in the presence of TKM Management and representatives from Toyota Group Companies, Suppliers, CII, ACMA, and Toyota Indonesia Academy who specially came to participate and…

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…