Author: News Desk
HMD Global, the Finnish manufacturer behind Nokia smartphones, has expanded its product portfolio in India with the launch of the Nokia 105 Classic feature phone. Priced at ₹999, this phone is designed to offer a range of features at an affordable cost. In addition to its competitive price, HMD Global is introducing a unique one-year replacement guarantee for the device, which enhances its appeal to potential buyers. Variants and Pricing The Nokia 105 Classic is available in two variants: single SIM and dual SIM. Additionally, customers have the option to choose between purchasing the phone with or without a charger,…
The National Highways Infra Trust (NHIT), the investment trust sponsored by the National Highways Authority of India, plans to raise as much as INR 9000 crore through a mix of debt and equity. According to reports, this capital will be allocated to six highway stretches, each spanning 250km, marking the latest attempt to monetize the country’s vast road network. The NHIT is also priming for another round of fundraising in March, hoping to raise an additional INR 5,000- INR 6,000 crore for six more highway stretches, this time spanning 635km. Through these investments, the NHIT aims to generate around INR…
AU Small Finance Bank Ltd has said it will take into its fold peer lender Fincare Small Finance Bank in the first such merger between two such institutions. “The scheme is subject to approval of the respective shareholders of the transferor company (Fincare Small Finance Bank Ltd) and transferee company (AU Small Finance Bank Ltd), the Reserve Bank of India (RBI) and the Competition Commission of India (CCI),” AU SFB said in a regulatory filing late on Sunday evening. The statement said that the appointed date of the scheme shall be 1 February 2024, or a date as may be fixed…
NITI Aayog CEO BVR Subrahmanyam said that a vision document aimed at making India a developed country is in its final stages and a draft is expected to be ready by December. He also stated that the final ‘Viksit Bharat @ 2047’ document will be critical in helping India avoid the middle-income trap, which remains a major concern in policy circles. Ten sectoral groups of secretaries (SGoS) from various ministries created around themes including infrastructure, welfare, commerce and industry, technology, and governance have each prepared a vision document in a process that lasted nearly two years. Prime Minister Narendra Modi is expected…
The State Bank of India (SBI) has announced its collaboration with cricketing legend Mahendra Singh Dhoni, naming him as the bank’s official brand ambassador. As the brand ambassador of SBI, MS Dhoni will play a pivotal role in various marketing and promotional campaigns. “We are pleased to onboard MS Dhoni as Brand Ambassador of SBI. Dhoni’s association with SBI as a satisfied customer makes him a perfect embodiment of our brand’s ethos. With this partnership, we aim to reinforce our commitment to serving the nation and our customers with trust, integrity, and unwavering dedication,” said Dinesh Khara, Chairman, SBI This…
Alphabet’s Google is doubling down on artificial intelligence, pledging to invest up to $2 billion in Anthropic, a company specialising in AI development. This significant investment indicates Google’s commitment to competing with tech giants like Microsoft and Amazon as they strive to integrate AI into their applications. Expanding its Commitment to AI Advancements Google has initiated a massive investment of $500 million into Anthropic, a direct rival to OpenAI, with a promise to add an additional $1.5 billion over time. This bold move underlines Google’s determination to bolster its position in the rapidly evolving AI landscape. Amazon’s $4 Billion Pledge…
Emerging as a significant engineering masterpiece, the new 2.07 km New Pamban rail sea bridge in Tamil Nadu nears its completion, considering to be a significant upgrade over the century-old Pamban Bridge. In the new Avatar, it is set to be India’s first vertical lift railway sea bridge. Reportedly, by December 2022, a remarkable 84% of the reconstruction work on the New Pamban Bridge was completed, surpassing earlier timelines that had set March 2023 as the completion date. The prime significance of the bridge is its 72 metre long Vertical lift span, which will allow the lifting of this span by 17m to…
BMW is set to relaunch the X4 SUV in India, but this time, it’s arriving in a single, high-performance xDrive M40i variant. This article dives into the resurrection of the BMW X4, its striking features, and what sets it apart in the competitive Indian market. Sporty Redesign and Elegant Color Options The revived X4 maintains its signature sloping roofline, resembling its predecessor. However, it draws design inspiration from the X3, the SUV it’s based on. The BMW M kidney grille is now in glossy black, with smoked headlamps and a bold bumper featuring a black skid plate. The 20-inch Jet…
Forbes India, in collaboration with D Globalist, a global mobility accelerator with a worldwide network of professionals, has launched the new edition of DGEMS. Open Financial Technologies, Lenskart, Medikabazaar, Pearl Global, Good Glamm Group, No Broker are the Indian companies that entered in the top 10 list. Forbes India DGEMS 2023 platform that recognizes 200 companies with global business potential. The shortlisting of these companies was made by Forbes India & D Globalist after vetting on various parameters including their growth in the domestic market, unique business proposition, fundraising and ownership of intellectual property rights. To provide holistic guidance to…
Taiwan-based Apple contract manufacturer Wistron Corp on Friday approved the sale of its plant in Karnataka to Tata group. This paves the way for the salt-to-software conglomerate to become the first domestic entity to manufacture iPhones. “The transaction price is tentatively estimated at $125 million,” Wistron said in a statement. The company’s board reportedly met on Friday to grant approval to subsidiaries, SMS InfoComm (Singapore) and Wistron Hong Kong, to sign an agreement with Tata Electronics for the sale of its 100% indirect stake in Wistron InfoComm Manufacturing. Electronics and Technology Minister Rajeev Chandrasekhar announced that Tata Group will start making…