India

Skoda Kodiaq launched in India at Rs 37.99 lakh
05 May

Skoda Kodiaq launched in India at Rs 37.99 lakh

Priyanka Bhowmick0 CommentsBusiness, India,
Skoda has brought back a familiar nameplate, Kodiak, to India. The 2023 Skoda Kodiaq is now on sale at Rs 37.99 lakh, and due to demand, the automaker has increased the allocation to 750 units per quarter for 2023. However, in 2022, all the allocated cars were sold out within 24 hours. For 2023, the Skoda Kodiaq will continue to use the 2.0-litre TSI engine, however, it is now BS-VI compliant. The engine produces 187bhp and 320Nm of torque mated to a 7-speed DCT, and Skoda says that with updates to meet the new regulations, the engine is 4.2 percent…
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Tata Power Q4 Results: Profit jumps 48% YoY to Rs 939 crore
05 May

Tata Power Q4 Results: Profit jumps 48% YoY to Rs 939 crore

Priyanka Bhowmick0 CommentsBusiness, India,
Tata Power on Thursday jumped 48 percent to Rs 939 crore in its fourth quarter (Q4) profit for the financial year 2022-23 (FY23), compared to Rs 632 crore in the same period last year. The company said it would be the 14th consecutive quarter of profit after tax (PAT) hikes, adding that Q4 numbers are backed by strong performance in all businesses. Q4 FY23 revenue grew 6 percent to Rs 12,755 crore from Rs 12,085 crore in Q4 FY23 due to higher sales among distribution companies and capacity additions in renewable energy. In Q4, EBITDA (income before interest, tax, depreciation,…
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Elon Musk threatens to reassign National Public Radio’s Twitter account to another company
04 May

Elon Musk threatens to reassign National Public Radio’s Twitter account to another company

Priyanka Bhowmick0 CommentsBusiness, India,
Twitter chief Elon Musk has "threatened" to redistribute national public radio's(NPR) Twitter account to another company, the US-based broadcaster informed on Tuesday. Musk suggested he redistribute the network's original account under the @NPR handle to another company or individual, NPR reported. NPR stopped posting content on its 52 official Twitter feeds last month in protest over a Twitter designation that suggested government involvement in its editorial content. Musk, in an email to an NPR reporter, asked about his engagement with Twitter, the public broadcaster said. "So is NPR going to start posting on Twitter again, or should we reassign @NPR…
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Ajay Banga confirmed as the next President of World Bank
04 May

Ajay Banga confirmed as the next President of World Bank

Priyanka Bhowmick0 CommentsBusiness, India,
Ajay Banga, who on Wednesday became the next President of the World Bank, becoming the first Indian-American to head a global financial institution, said he looks forward to working with him when developing countries are facing tracking the most difficult development challenges. "The Executive Directors of the World Bank today elected Ajay Banga as the President of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the United States would nominate 63-year-old Banga to lead the World Bank because he is "well-equipped" to lead…
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Go First files for insolvency, suspends all flights for 3 days
03 May

Go First files for insolvency, suspends all flights for 3 days

Priyanka Bhowmick0 CommentsBusiness, India,
Cash-strapped Indian airline GoFirst has suspended flights from May 3 to May 5 to clear dues of oil marketing companies.The Wadia Group airline told the Directorate General of Civil Aviation that it would not be able to operate flights, sources said. Go First has been struggling with financial headwinds for a while. It has cash flow arrangements with oil companies.This means that the carrier has to pay for the fuel every day and is not getting any credit from the suppliers.At the heart of the crisis are Pratt & Whitney (P&W) engine problems and late lease payments that have resulted…
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<em>Valentino Rossi Becomes Yamaha Brand Ambassador</em>
03 May

Valentino Rossi Becomes Yamaha Brand Ambassador

Priyanka Bhowmick0 CommentsBusiness, India
The nine-time Grand Prix motorcycle world champion joined Yamaha in 2004 and helped turn around form in the Japanese mark, winning the rear title.Rossi would win two more with Yamaha in 2008 and 2009 to take his premiership to Class 7 and finally end his MotoGP career with the mark at the end of 2021.The Italian had two spells with Yamaha, first from 2004 to 2009 and again from 2013 until the end of 2021, after two disappointing seasons with Ducati in 2011 and 2012. Of his 89 MotoGP race wins, Rossi has claimed 56 of them with Yamaha and…
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Aryan Khan sells entire brand collection on day one
02 May

Aryan Khan sells entire brand collection on day one

Priyanka Bhowmick0 CommentsBusiness, Entertainment, India, ,
Shah Rukh Khan's son Aryan Khan recently start his luxury streetwear brand D'YAVOL X. Although there were some objections to the high prices of his branded jackets and t-shirts, the collection sold out within hours! Aryan unveiled the collection on April 30 and his father SRK was seen actively promoting it. SRK and Suhana Khan were spotted wearing X-printed hoodies and t-shirts at the ongoing IPL matches. Not only this but Shahrukh Khan was also seen in Aryan's first ad for his own brand. SRK has now reacted to the brand selling all its products within a day. After the…
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Swiggy starts charging Rs 2 on every food order
29 Apr

Swiggy starts charging Rs 2 on every food order

Priyanka Bhowmick0 CommentsBusiness, India,
Process-backed food tech giant Swiggy has started charging all users a Rs 2 "platform fee" per order, regardless of cart value, as the company seeks to control its costs. The additional charge, initially introduced for users in cities like Bengaluru and Hyderabad, is currently being levied only on food orders and is yet to be introduced on quick-trade or Instamart orders. According to research, Swiggy is yet to introduce these charges in major cities like Delhi and Mumbai. The platform fee is for food delivery only. Whether they are Swiggy One customers or not, this is different from the handling…
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Vignesh Narayanan quits his job at Airtel Ads
29 Apr

Vignesh Narayanan quits his job at Airtel Ads

Priyanka Bhowmick0 CommentsBusiness, India
Vignesh Narayanan has stepped down as Business Head of Airtel Ads after holding the role for two years, a source familiar with the matter confirmed to Exchange4media. His last day is today, April 28. A replacement search has begun and third-party firms have been brought in to find a new CEOPreviously, Narayanan worked at MediaMath as Senior Director of International Media Partnerships at MediaMath. According to sources, he is moving to another media house.
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Shirdi town to strike against CISF deployment at Saibaba Temple from May 1
27 Apr

Shirdi town to strike against CISF deployment at Saibaba Temple from May 1

Priyanka Bhowmick0 CommentsEconomy, India
Shirdi, a major pilgrimage site in Maharashtra also known as the home of revered spiritual leader Sai Baba, will remain shut from 1st of May over CISF deployment at the Sai Baba temple, there is no fix date of it's opening until the matter is resolved. The shutdown of the temple has been decided by the administration of the respective temple. There has been protest against the government decision of deploying CISF to maintain the security of the temple. As per the reports of DNA, the temple authority claims that the CISF are not trained for the security of the…
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