Maruti Suzuki India Limited today launched the Smart Finance service for NEXA customers across 30 cities. With the launch of ‘Smart Finance’, Maruti Suzuki has become India’s first OEM to offer an online, end-to-end, real-time car finance service facility. It aims to simplify and digitalise the customer’s car-buying journey with a bouquet of financing options.
Open FlipRBL Bank has partnered ICICI Prudential Life Insurance to offer an array of life insurance products to its customers, the companies said in a joint statement on December 9. The alliance will enable over 8.7 million customers of RBL Bank to access and seamlessly purchase customer-centric protection and long-term savings products of ICICI Prudential Life Insurance.
Open FlipDrug firm Zydus Cadila on Wednesday said it has received Fast Track Designation from the US health regulator for its investigational drug candidate Saroglitazar Mg, indicated for the treatment of a liver disease - primary biliary cholangitis (PBC). Fast Track is a process of the USFDA to expedite the review of drugs to treat serious conditions and fill an unmet medical need.
Open FlipCognizant Technology Solutions expects to hire around 23,000 people from campuses in 2021, Chairman and Managing Director (CMD) Rajesh Nambiar said. Nambiar told that Cognizant continues to be one of the top recruiters of engineering, science, management and other talents from educational institutions. He said nearly 70% of the technology company's global workforce is in India.
Open FlipDr. Reddy’s Laboratories Ltd. today announced the secondary listing of its American Depository Receipts (ADRs) on NSE IFSC Limited under the symbol ’DRREDDY’ on December 9, 2020. NSE IFSC Limited is a recognized international stock exchange established in the International Financial Services Centre (“IFSC”), GIFT City Gujarat, India.
Open FlipCisco’s Webex video conferencing solution got upgraded with new features to transform the customer and employee experiences to target more users. The coronavirus pandemic has seen a surge in the demand for video conferencing solutions. Cisco announced over 50 innovations, all within three categories – smart hybrid work experiences, intelligent customer experiences and seamless collaboration.
Open FlipIndia Ratings and Research (Ind-Ra) has affirmed Shriram City Union Finance Limited's (SCUF) Long-Term Issuer Rating at ‘IND AA’ while resolving the Rating Watch Negative (RWN). The outlook is Stable. The agency has also affirmed SCUF’s Short-Term Issuer Rating at ‘IND A1+’. Ind-Ra has taken a consolidated view of SCUF and Shriram Housing Finance Ltd, to arrive at the ratings.
Open FlipSadbhav Infrastructure Project Limited informed the exchanges on Wednesday that National Highways Authority of India (NHAI) has issued Provisional Completion Certificate for 31.40 kms length (out of 42.791 km) with effect from October 31, 2019 for Sadbhav Rudrapur Highway Private Limited (SRHPL), a wholly-owned subsidiary of the Company.
Open FlipTata Steel's earnings outlook is more positive than we previously anticipated, says S&P Global Ratings. S&P Global in its research note said, "We expect the company to sustain solid earnings over the next 12-18 months following a rebound in the second quarter of fiscal 2021 (year ending March 31, 2021), helped by a benign steel price environment and lower input costs.
Open FlipCoding startup WhiteHat Jr, owned by Byju's, has attracted a lot of unwanted attention in recent months for its digital marketing ads that claimed to train children, as young as seven, to become master programmers. The campaign, claiming Wolf Gupta, a fictitious child who learnt coding and bagged a multi-crore salary package at a large technology firm, led to raised eyebrows.
Open FlipAfter the introduction of a business account and many updates, WhatsApp is now aiming to introduce the ‘Add to Cart’ button. The new addition is expected to further enhance the user experience and ease shopping on the messaging application. With the introduction of this new button, users can now easily access products on WhatsApp as they do on other websites.
Open FlipBudget carrier IndiGo expects to reach 80% of its usual domestic capacity by the end of the month but international capacity is running at only 20% of normal levels due to the novel coronavirus pandemic. India's biggest airline hopes to reach 100% of normal domestic capacity by early next year and 100% of its usual international capacity by the end of next year.
Open FlipITC has a leading score on the environment, social and governance front across most Indian fast moving consumer goods and global tobacco firms, said Jefferies in a note. The brokerage has a buy rating on ITC with a target price of Rs 265. ITC is rated AA by MSCI on ESG, the highest among global tobacco players and better than most Indian FMCG companies.
Open FlipHeritage Foods has sold its entire holding representing over 3% stake in Kishore Biyani-led Future Retail for around Rs 132 crore in the open market to mainly repay its long term loans. "The company has disposed off its entire holdings/investment of 1,78,47,420 equity shares held in Future Retail. These shares were sold through stock exchange in the open market in various tranches.
Open FlipShareChat, a social media platform in Indic languages, on Wednesday said it has appointed Ajit Varghese as its Chief Commercial Officer. In this role, Varghese will be pivotal in expanding and strengthening the platform's revenue efforts, and building a robust monetisation approach with a strategic content partnership. Varghese will report into Farid Ahsan, COO and co-founder at ShareChat.
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