Business - The Purbottar

03 Jan

Nissan Motor India announced the wholesale of vehicles in December 2022

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Nissan Motor India announced cumulative wholesales of 8991 units with cumulative wholesale YTD growth at 19%.For the month of December,the domestic wholesales stood at 2020 units and export wholesales stood at 6971 units. In December, Nissan Motor India showcased its Global Premium SUVs – the X-Trail, Qashqai, and Juke – at the multi-city “Move Beyond Golf Tournament” in Delhi NCR. The first edition of the tournament was flagged off from Jaypee Greens Golf and Spa Resort in Noida.India’s celebrated boxing champion Mary Kom was a special guest at the event, participating in the tee-off and award ceremonies. The tournament will…

31 Dec

Intimation of closing by Tata Motors

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Tata Passenger Electric Mobility Limited (“TPEML”), a subsidiary of Tata Motors Limited (“TML”), and Ford India Private Limited (“FIPL” and together with TPEML, “Parties”) had executed a Unit Transfer Agreement on August 7, 2022 for the acquisition of FIPL’s manufacturing plant situated at Sanand, Gujarat, which inter-alia includes: (i) entire land & buildings; (ii) Vehicle Manufacturing Plant along with machinery and equipment situated therein; and (iii) transfer of all eligible employees of FIPL’s vehicle manufacturing operations at Sanand, for a total consideration, exclusive of taxes, of Rs 725.7 Cr (Seven Hundred Twenty Five Crores and Seventy Lakhs) Pursuant to the…

30 Dec

Kotak Mahindra Banktaps Gen-Next @ premier B-Schools to envision The Future of Banking

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Kotak Mahindra Bank Limited announced that it has collaborated with India’s premier B-Schools to launch the inaugural edition of a case study competition titled “ExpLORe - Experience Learning Opportunities in Retail Lending”. With this program, Kotak Mahindra Bank intends to tap into Gen-Next for innovative solutions to real business challenges in Retail Lending products such as Credit Cards, Personal Loans, Consumer Finance, and Housing Finance, among others. Kotak Mahindra Bank has partnered with 9 premier B-schools for this initiative - IIM Lucknow, IIM Indore, IIM Kozhikode, XLRI Jamshedpur, Jamnalal Bajaj Institute of Management Studies, National Institute of Industrial Engineering, NarseeMonjee…

30 Dec

India-Led Hydro Project Handed Over to Bhutan

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On Tuesday, the Mangdechhu Hydroelectric Project Authority (MHPA) officially handed over the 720 MW Hydro Project to Druk Green Power Corporation (DGPC). The commissioning of the project has increased Bhutan’s electrical power generation capacity by 44 percent to 2,326 MW. Since its commissioning, the project has generated more than 9,500 million units of energy. This handing-over ceremony was held in Thimphu and witnessed by Economic Affairs Minister Lyonpo Loknath Sharma and Indian Ambassador to Bhutan SudhakarDalela. A handing-over document was signed between the managing directors of MHPA and DGPC. In 2021, MHPA exported electricity worth Rs. 12.13B to India, increasing…

29 Dec

Anant Ambani and Radhika Merchant ‘Roka’ Ceremony was Performed in Rajasthan

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Anant Ambani, the youngest son of Chairman and managing director of Reliance Industries Ltd. Mukesh Ambani, will marry Radhika Merchant, the daughter of CEO and Vice-chairman of Encore Healthcare Viren Merchant. The engagement ceremony of the duo was celebrated at Shrinathji Temple in Rajasthan's Nathdwara on 29th of December 2022. Their family members and friends were also present at the ceremony. Anant Ambani aged 27, has graduated from Brown University took over a leadership role in the renewable energy sector of Reliance Industries. Radhika Merchant, who completed her education at New York University, serves as a Director on the Board…

29 Dec

Bajaj Allianz General Insurance introduced ‘Respect Senior Care Rider’

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Bajaj Allianz General Insurance, one of the leading private general insurers of India, today announced the launch of its unique health insurance rider ‘RespectSenior Care Rider’.It might become difficult to fulfil all the responsibilities associated with caring for aging parents; this rider helps one fulfill their parental responsibility smoothly. In order to accomplish this goal, Bajaj Allianz General Insurance has tied up with a wide network of service providers to assist the insured with their worries. The intention of the rider is to minimize the worries of senior citizens and of their family members who might not be living in…

29 Dec

TKM to Showcase “Sustainable Mobility Solutions for All”

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As the country gearsup for the Auto Expo 2023, Toyota Kirloskar Motor (TKM) is all set to be a part the mega event with its advanced technology and productline-upbased on the concept of“The Thrill & Joy of moving together”.The exciting and distinctive displays are divided into three zones namely the Technology Zone, Emotional Zone and Environment Zone representing the overall concept and key sections of the stall. On display at the Technology zoneinclude a range of Self Charging Strong Hybrid Electric vehicles,Plug-in Hybrid Vehicle, Fuel Cell Electric Vehicle, Flexi Fuel Hybrid Electric Vehicle and Electric Vehicles representingwide range of green…

29 Dec

Kolkata Takes the Top Spot When it Comes to Consumption of Momos, Coke and Icecream While Watching Movies

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Kolkata, lovingly called the city of joy, is fond of food and movies. Combining the city’s never-ending love for the two, INOX has released the latest ‘Cinema Food Report’revealing Kolkata’s favourite food to binge on at INOX in 2022. This report states the food choices of 70mn Indian cinemagoers this year. The Cinema Food Report is based on the food consumption habits of moviegoers across 167 INOX cinemas located in 74 cities. As per the report Momos, Coke and Ice cream are Kolkata’s go-to F&B options. With 343740 liters, the city of art, culture and cuisine consumed more Coke than…

29 Dec

Toyota Kirloskar Motor Announces Prices of The All New Innova HyCross

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Based on Toyota New Global Architecture (TNGA), the latest offering celebrates Toyota’s globally recognized Quality, Durability and Reliability backed by advanced technology. The versatile Innova HyCross is a vehicle for every occasion owing to its glamour quotient, advanced technology , comfort along with safety and thrill to drive, thus aptly suited for travelling solo or with friends and family. The new Innova HyCross is powered by 5th Generation Self-Charging Strong Hybrid Electric System with TNGA 2.0 Litre4-cylinder gasoline engine and a monocoque frame with an e-drive sequential shift delivering a max power output of 137 kW (183.7 HP), providing rapid…

29 Dec

Tata Motors partners with Meghalaya Rural Bank

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Tata Motors, India’s largest commercial vehicle manufacturer, has signed a five-year Memorandum of Understanding (MoU) with Meghalaya Rural Bank, a joint undertaking of Government of India, State Government of Meghalaya and State Bank of India, to bring a set of attractive financial solutions to its customers. With benefits applicable across the Tata Motors small commercial vehicle (SCV) range, this tie-up will aim to facilitate seamless availability of financing for aspiring buyers. Tata Motors will leverage Meghalaya Rural Bank’s strong network across the state of Meghalaya, spanning more than 90 branches and customer touchpoints, to make these solutions accessible for customers.…