BUSINESS

Udaipur : Indian tyre industry major and the pioneer of radial tyre technology in the country, JK Tyre & Industries Ltd.,has taken yet another step towards its commitment to the nation by producing the hand sanitizers under the brand – ‘Total Control Hand Sanitizers’. Dr. Raghupati Singhania, Chairman & Managing Director, JK Tyre & Industries Ltd said, “The JK Tyre …

Udaipur: InsuranceDekho, a leading Insurtech startup is targeting a fresh premium of 1,200 crore in the current financial year. Currently, the company has partners in 350+ cities and works with 12,000+ partners. In the current financial year the company has aggressive expansion plans which include onboarding of 1 lakh agents across the country. In the current environment, InsuranceDekho foresees an …

Popularshort videos sharing app Kwai today said that its special Kwai Live program for video live stream hosts has significantly raised the earnings of popular hosts on the platform during the ongoing nationwide lockdown. Under the program, Kwai has raised gifts sharing from 30% to 80% for the live stream hosts. The three-months program has been live since April 15 …

Udaipur : ICICI Bank stands in solidarity with the Government of Rajasthan by providing protective equipment to the state government, hospitals and police forces for their tireless efforts to safeguard citizens of the state in the wake of COVID-19 pandemic. ICICI Bank is working actively with the authorities on this front. The Bank has donated protective equipment like 66,000 of …

New Delhi. Groupe SEB India’s flagship, Maharaja Whiteline has launched a new range of Air Coolers, Hybridcool Series. Equipped with unique and innovative concept of having both wood wool and Honeycomb pads, makes the air coolers highly efficient and durable, and ideal for every home in summers. The new air coolers will be available in variety of sizes with trendy …

Udaipur : Indian tyre industry major and the pioneer of radial tyre technology in the country, JK Tyre & Industries Ltd, today announced partial resumption of operations after adhering to the guidelines issued by the Ministry of Home Affairs, Government of India and permissions granted by the respective state governments and local authorities. JK Tyre has commenced production in a …

Udaipur. There is some really exciting news for all Airtel Thanks customers, who will now get FREE Unlimited access to ZEE5’s premium content library as part of their exclusive Thanks benefits. ZEE5, India’s Entertainment super-app and Bharti Airtel (“Airtel”) have been deepening their collaboration to bring best-in-class digital entertainment to customers in India. This special offer for Airtel Thanks customers …

Udaipur : HDFC Bank today released #HumHaarNahiMaanenge (we will not give up), a collaborative song of hope. The single is a tribute to the indomitable spirit of India and millions of Indians who are standing together to fight the COVID-19 pandemic. The song is composed by Oscar and Grammy Award-winning musician A.R. Rahman, and the lyrics are penned by noted lyricist and poet, …

Udaipur . India’s foremost video streaming platform, Disney+ Hotstar is teaming up with India’s largest integrated telco Bharti Airtel (“Airtel”) to bring high quality video entertainment to all of India. This initiative aims to accelerate adoption of the video subscription category in the country, by solving two of the key challenges: evolving digital payment infrastructure and prevalence of cash as a payment …

Udaipur : The Bank’s net revenues (net interest income plus other income) increased by 18.2% to ₹ 21,236.6 crore for the quarter ended March 31, 2020 over the corresponding quarter of the previous year. Net interest income (interest earned less interest expended) for the quarter ended March 31, 2020 grew to ₹ 15,204.1 crore from ₹ 13,089.5 crore for the …

Udaipur : Amidst the ongoing Covid-19 lockdown, citizens have been confined to their homes and are completely dependent on telecom networks to study, work, access essentials, source information and entertainment. Vodafone Idea’s customer service teams and field staff have been working round-the-clock since the national lockdown was declared, to enable customers in Rajasthan to stay safe and connected on Vodafone …

Vakrangee has launched the mobile van in MMR region which is fully equipped to provide the key Essential services to the citizens. Mobile Van facility will operate between 10.00 am to 8.00 pm daily including Sunday and will also maintain complete safety protocols, proper hygiene and social distancing while queuing for the services. This service would eliminate the need to …

National Payments Corporation of India (NPCI) said it has initiated #IndiaPaySafe through its on-going ‘UPI Chalega’ campaign, to create awareness about paying safe with digital payments in the current lockdown situation. To create the much needed awareness on digital payments, NPCI has strategically brought the protagonist of the ‘UPI Chalega’ campaign, Mrs. Rao, to educate customers about going cashless and …

Udaipur. Reiterating its commitment to counter the ramifications caused by the COVID-19 outbreak, Toyota Kirloskar Motor (TKM),today, handed overcontributionsto theKarnataka Chief Minister’sRelief Fund COVID-19 and Karnataka State Disaster Management Authority (KSDMA) to rebuild lives affected by the pandemic and bring back life to normalcy in the state.  A cheque worth₹2,00,00,000/-( 2 crores) was handed over to the Hon’ble Chief Minister …

Jaipur : To ensure customers in Rajasthan remain connected during the lockdown, Vodafone Idea Limited is enabling its customers to avail all services and recharges on the digital platform. Vodafone Idea Limited’s customer service teams are also creating awareness among customers on accessing and taking the benefit of digital platforms through video links, GIFs, dockets that explain the process for …

Udaipur. Airtel Payments Bank, India’s first Payments Bank, has partnered with Bharti AXA General Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies,to offer simple and focused health insurance plansfor providing financial protection against COVID-19 in these challenging times. Under the partnership, the companies have rolled out …

Udaipur : Hindustan Unilever Limited (HUL) today announced a collaboration with the United Nations Children’s Fund (UNICEF) to undertake a mass communication campaign and to inform and empower the general public against COVID-19. The campaign brings together the marketing expertise and scale of HUL and the technical knowledge of UNICEF to create engaging communication tools that can help people change behaviours and …

Udaipur : Continuing its bid to support the country’s fight against the Novel Coronavirus (COVID-19), India’s leading tyre manufacturer JK Tyre & Industries Ltd has implemented a series of public relief measures to ensure safety and health of citizens across plant locations in Mysore, Banmore, Kankroli, Chennai and Haridwar. In its ongoing commitment to extend support for immediate on-ground response, the company is …

UPL has contributed Rs 75 crore to PM-CARES fund in assisting the government to fight against the coronavirus pandemic which has claimed the lives of over 50 people and infected more than 2,300 others. The company has also kept on standby the premises of its educational institutions such as Gyan Dham School and Sandra Shroff Rofel College of Nursing, both …

Dhampur Sugar Mills has started production of hand sanitizers at its unit at Sambhal in Uttar Pradesh with the effect from April 03, 2020. Earlier, the company had also started production of hand sanitizers at Bijnor unit from March 29, 2020. Dhampur Sugar Mills is engaged in the manufacturing of sugar, ethanol, chemicals and plantation white sugar.

Manali Petrochemicals has restarted production of Propylene Glyco from April 03, 2020 from both the plants of the company. Resumption of production of the other products will be decided in due course. Manali Petrochemicals is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali …

The credit rating agency — Moody’s Investors Service has revised the outlook for AXIS Bank from stable to negative. Further, it has downgraded the counterparty risk assessments of the Bank to Baa3(cr)/P-3(cr) from Baa2(cr)/P-2(cr), and the local currency counterparty risk rating of the Bank to Baa3/P-3 from Baa2/P-2. Axis Bank is the third largest private sector bank in India. The …

The credit rating agency — Moody’s affirmed the deposit ratings of ICICI Bank at Baa3. The Bank’s baseline credit assessment (BCA) and adjusted BCA are also affirmed at ba1. Moody’s has lowered the counterparty risk assessment from Baa2(cr)/P-2(cr) to Baa3(cr)/P-3(cr) and the local currency counterparty risk rating from Baa2/P-2 to Baa3/P-3. The outlook on the Bank’s rating was revised from …

HDFC Bank’s advances has increased to approximately Rs 9,930 billion as of March 31, 2020, a growth of around 21% as compared to Rs 8,194 billion as of March 31, 2019 (Rs. 9,360 billion as of December 31, 2019). The Bank’s deposits aggregated to approximately Rs 11,465 billion as of March 31, 2020, a growth of around 24% as compared …

Bharti Airtel and CuriosityStream have deepened their ground-breaking content partnership to bring premium content from CuriosityStream to TV homes in India. Airtel Digital TV, the DTH unit of Airtel, has launched an exclusive Free to Airtel channel with the full catalogue of CuriosityStream’s award-winning factual entertainment films and series. The CuriosityStream TV channel (419) will be available to all the …

Coal India’s subsidiary — Western Coalfields (WCL) has slashed the coal auction floor price of specific mines by 10 per cent. With an effort to provide coal at cheaper price to consumers during the current Covid-19 pandemic, the reduced auction price will be applicable for coal from ‘mine specific source’ for all auctions to be conducted by WCL in April …

  (M&M) board has rejected a proposal to inject any fresh equity into its loss-making Korean arm SsangYong Motor Company (SYMC). The management and labour union of SYMC had sought a funding of 500 billion KRW (USD 406 Million) from the company over the next three years. The company’s board has urged SYMC to find alternate sources of funding. However, …

Airports Economic Regulatory Authority of India (AERA) has issued Tariff Order for the second control period (April 01, 2016 to March 31, 2021) for GMR Hyderabad International Airport (GHIAL) a step down subsidiary of GMR Infrastructure, considering 30% Hybrid Till, to be implemented from April 1, 2020 and to be effective for up to March 31, 2021 after which new …

Force Motors has reported the production, sales and export of the products manufactured during the month of March 2020. The company’s production of Small Commercial Vehicles (SCV) & Light Commercial Vehicles (LCV) stood at 929 units and Utility Vehicles (UV), Sports Utility Vehicles (SUV) & Tractors stood at 269 units. The company’s domestic sales for SCV & LCV stood at …

Shalby has incorporated a new wholly owned subsidiary (WOS) company under the name and style ‘Mars Medical Devices’ on April 3, 2020 for R&D, manufacture, trading, importer, collaborator of all types of implants, medical devices, appliances and apparatus etc. and other related items. Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed …

NMDC has fixed the prices of iron ore with effect from April 4, 2020. The price of Lump Ore (65.5%, 6-40mm) has been fixed at Rs 2,650 per ton, while the price of Fines (64%, -10mm) has been fixed at Rs 2,360 per ton. The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee and other taxes. …

HCL Technologies has set up a control centre for the Gautam Buddh Nagar district administration to help respond to citizens’ queries about coronavirus. The Integrated Control Centre has been set up by HCL at one of its facilities in Noida with support from the district administration, police, health department and Noida as well as Greater Noida Authority. HCL Technologies is …

Bharat Petroleum Corporation (BPCL) has developed a novel technology to test the quality of crude oil at a fraction of the cost and time that it takes now through the lengthy lab tests. The technology, which has a number of patents including those from the US and the EU, is a ‘crude horoscope predictor tool’ called BPMarrk, which can optimise …

Indian Overseas Bank (IOB) has been nominated by the government for collection of funds, which will be used to support the community during the Coronavirus outbreak. The funds will be assigned to PM-Cares Fund. The contributions can be made by RTGS, NEFT, IMPS, cheques and demand drafts drawn in favour of PM-Cares Fund. One can also remit contributions directly by …

HDFC Bank has received the mandate to collect donations for the PM Cares Fund. Users can pay conveniently from their homes using a slew of channels, including debit cards, credit cards and other digital banking channels. HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India …

In its amplified response to combat COVID-19, Tata Steel is reaching out to the citizens of Jamshedpur through various initiatives to deal with the pandemic. Tata Steel, through Tata Steel Foundation (TSF), recently launched a ten-point Combat Covid19 programme to empathise, empower and equip the communities proximate to Jamshedpur. While some of these programmes have picked up pace and are …

Lupin has launched Mycophenolic Acid Delayed-Release Tablets USP, 180 mg and 360 mg. The company’s alliance partner Concord Biotech (Concord) had received an approval from the United States Food and Drug Administration (U.S. FDA) earlier. Mycophenolic Acid Delayed-Release Tablets USP, 180 mg and 360 mg, is the generic equivalent of Myfortic Delayed-Release Tablets, 180 mg and 360 mg, of Novartis …

Goldman Sachs India Fund has offloaded shares worth Rs 5.30 crore of Shalby. Goldman Sachs India Fund has sold around 12.32 lakh equity shares of the Shalby for Rs 43.04 per share on the BSE on April 03, 2020. Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of many beds …

Larsen & Toubro (L&T) is planning to raise funds through issue of debt securities. The meeting of the Board of Directors of the company is scheduled to be held on April 09, 2020, to consider and approve the same. L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Godrej Properties has witnessed total booking value for the financial year 2019-20 at Rs 5,915 crore up by 11% y-o-y with residential sales increasing by 14% to Rs 5,840 crore comprising of over 7,300 homes sold. The company launched 17 new projects and phases in FY 20 including 6 launches in Q4. Sustenance sales grew by 48% in FY20 to …

Kotak Mahindra Bank has logged rise in net advances to approximately Rs 219,500 crore as of March 31, 2020, a growth of around 6.7% as compared to Rs 205,695 crore as of March 31, 2019. The Bank’s total customer deposits also increased to approximately Rs 258,500 crore in March 31, 2020, a growth of around 19.6% as compared to Rs …

Hardcastle Restaurants (HRPL), a Master Franchisee for West & South India operations of McDonald’s restaurants and a subsidiary of the Westlife Development, has introduced a unique ‘Work From Home’ policy for its restaurant management teams and the frontline crew, who are unable to go to work due to the nation-wide lock down. The move is intended to keep the youth …

Roto Pumps has received permission from District Administration to resume operations from April 06, 2020, with the limited manpower to ensure supply of the products to emergency service providers. The company’s most of the staff was continuing to work as per work from home policy of the company. Roto Pumps is an engineering company with global focus. With presence in …

India Ratings and Research (Ind-Ra) has affirmed IndusInd Bank’s Long-term Issuer Rating at ‘AA+’ with revised Bank’s outlook from Stable to Negative. The agency has also affirmed Short-Term Issuer Rating at ‘A1+’. The agency has also affirmed rating of bank’s Senior Unsecured redeemable Bonds worth Rs 2000 crore at ‘AA+’ with outlook revised to Negative from Stable. Additional Tier 1 …

Bajaj Finance has reported 42.6 million customer franchise as of March 31, 2020 on consolidated basis, as compared to 34.5 million customer franchise as of March 31, 2019. During Q4FY20, the Company acquired 1.9 million new customers. The company’s new loans booked during Q4FY20 was 6.0 million as compared to 5.8 million in Q4 FY19. Further, the company has reported …

Solar Industries has partially resumed its manufacturing operations with the limited manpower and with all the necessary safety precaution measures to ensure the supply of products to emergency service providers. The management continues to monitor the situation closely and is taking appropriate steps – actions as per directions from local authorities and all other relevant factors. Solar Industries is one …

Bharti Airtel’s subsidiary — Airtel Payments Bank has partnered with Bharti AXA General Insurance to offer health insurance plans to provide cover and give financial protection against COVID-19. Under the tie-up, they are offering two health insurance plans — Bharti AXA Group Health Assure which offers lump sum benefit of Rs 25,000 and Group Hospital Cash which provides daily benefit …

Udaipur : In an attempt to mitigate the impact of the Coronavirus threat on small and marginal farmers of Rajasthan and to support the farming community during a crucial cropping season, TAFE, under its CSR initiative, announced a free tractor rental scheme through its JFarm Services platform, for a duration of 90 days starting April 1, 2020. This scheme will be …

The Udaipur based Metal and Mining company has taken extensive and expansive measures to ramp up their existing community outreach across 189 villages in Rajasthan and Uttarakhand in an effort to effectively mitigate the community at risk. As doctors, nurses, paramedics and several other frontline runners continue to help out people in this COVID-19 pandemic, there are certain communities facing …

Udaipur.  Bharti Airtel (“Airtel”), India’s largest integrated telecommunications company, today announced special measures to assist low income group customers impacted by the COVID-19 crisis. Airtel has extended the pre-paid pack validity for over 80 million customers till April 17th, 2020. All these customers will continue to get incoming calls on their Airtel mobile numbers even after the validity of their plan …