Author: News Desk
On Wednesday, Tata Motors registered its first consolidated net profit after seven quarters at Rs 2,958 crore in Q3. It recorded a 17.7 per cent on-year increase in domestic sales while its UK subsidiary Jaguar Land Rover witnessed a 15.5 per cent growth. Improved realisations, softening commodity prices, cost control measures, festive seasons, and new launches have helped Tata Motors achieve profitability this time. The company’s December quarter consolidated revenue also grew 22.5 per cent YoY and 11.2 per cent sequentially to Rs 88,489 crore. The last time Tata Motors recorded a consolidated net profit was in December 2020. It…
INS Vagir, the fifth Kalvari class submarine, has been commissioned into the Indian Navy on January 23, 2023. The indigenously-built submarine took her maiden sea sortie in February 2022. It has gone through a series of checks before the commissioning. The submarine was built by the Mazagon Dock Shipbuilders Limited (MDL), Mumbai, in collaboration with Naval Group, France as part of the ‘Project 75’ initiative. Features of Vagir:This diesel-operated submarine is the fifth submarine in the Scorpene category. It is a lethal platform with a formidable weapon package. It is built using French technology. Vagir can undertake various missions such…
Food delivery app Zomato has relaunched its ‘Gold’ loyalty programme. The company has replaced the ‘Pro Plus’ membership programme it terminated in 2021. The introductory price is Rs 149 for three months. Subscribers of the ‘Pro Plus’ programme will get a three-month complimentary Gold membership. Zomato is yet to announce the annual subscription price. What are the benefits of Zomato Gold? The Gold programme is ideal for regular Zomato users. Gold subscribers will receive free food deliveries from restaurants within 10 km on orders above Rs 199. They will get up to 30 per cent discount at more than 20,000…
The Indian Air Force needs $4 billion to upgrade its Sukhoi fighter force. The upgrading programme has already been presented by Hindustan Aeronautics Limited (HAL), and it is anticipated that it will be authorised by the government shortly. According to HS, 150 fighter aircraft would upgrade a fifth-generation fighter jet as a “Super Sukhoi,” increasing the Indian Air Force’s fighter capabilities significantly. 150 aircraft will be updated once the Sukhoi-30 MKI’s equipment and systems have been finalised by Hindustan Aeronautics Limited and the Indian Air Force. Russia has given its approval to the “Super Sukhoi” programme because Sukhoi-30 MKIs are…
The Indian company JandK Operations has developed an indigenous mobile operating system in collaboration with the Indian Institute of Technology (IIT), Madras. Titled BharOS, an abbreviation of Bharat OS, it will compete with Google Android and Apple iOS. Touted as a secure system, it does not come with any default apps. This Linux-based OS gives users access to only trusted apps from private store services. The aim of the OS is to let private enterprises and firms set up customised operating systems as per their needs. Communications Minister Ashwini Vaishnaw and Education Minister Dharmendra Pradhan together unveiled the OS. Interestingly, the launch happened at…
The Emara Tax platform for digital tax services has been made available from January 2023 to May 2023 by the Federal Tax Authority (FTA) of the UAE for early registration of corporate tax for certain categories of companies operating in the country. According to the Federal Decree-Law No. 47 of 2022 on the corporate tax law, taxable persons must pay 9% corporate tax at the beginning of their first financial year that starts on or after June 1st, 2023.The phase is open to feedbacks and suggestions to ensure improvements of registration procedures and processes. The FTA will send invitations to…
The Centre announced the names of Padma awardees 2023 on the eve of Republic Day. President Droupadi Murmu approved the list of 106 awards. It includes six Padma Vibhushan, nine Padma Bhushan, and 91 Padma Shri awards. The list includes nineteen female awardees and two persons from the category of Foreigners. Some of the prominent names in the list include Golden Globe award winner music composer M.M. Keeravani, former Uttar Pradesh Chief Minister Mulayam Singh Yadav (posthumous), investor Rakesh Jhunjhunwala (posthumous), former Karnataka Chief Minister S.M. Krishna, architect Balkrisha Doshi (posthumous), Tabla maestro Zakir Hussain, Oral Rehydration Solution (ORS) icon Dilip…
Reliance Retail is on an expansion spree. In the last three months, it has acquired several brands such as Sosyo, Lotus Chocolate, and Campa Cola. The latest acquisition is Telangana and Andhra Pradesh-based footwear and apparel retailer V Retail Pvt Ltd. The brand operates a retail chain under the brand name ‘Centro Style’. Across Andhra Pradesh, Telangana, and Karnataka, V Retail operates 32 Centro stores. The financial details of the deal are not revealed. Industry resources say that the acquisition was completed during the last quarter. Started in April 2009 as a distribution house, V-Retail is now one of the largest retail, distribution, and franchising companies in South India. It is promoted by the distributors of several National…
India is on the path of an EV Revolution. Popular Luxury automakers such as Toyota, BMW, and Lexus have already forayed into the segment with their MPVs. However, the industry still faces certain challenges. One of the roadblocks is the long time required for charging EV batteries. However, this will no longer be a problem once India implements the ‘aluminium air technology.’ A joint venture of India and Isreal, once the research is over, the electric batteries in EVs will be replaced with aluminium air technology. What EV owners have to do is head to the pump, reload the aluminium…
Food delivery app Zomato has relaunched its ‘Gold’ loyalty programme. The company has replaced the ‘Pro Plus’ membership programme it terminated in 2021. The introductory price is Rs 149 for three months. Subscribers of the ‘Pro Plus’ programme will get a three-month complimentary Gold membership. Zomato is yet to announce the annual subscription price. What are the benefits of Zomato Gold?The Gold programme is ideal for regular Zomato users. Gold subscribers will receive free food deliveries from restaurants within 10 km on orders above Rs 199. They will get up to 30 per cent discount at more than 20,000 restaurants…