Business

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Michelin Launches First Ever Philadelphia Guide

PHILADELPHIA – This spring, Michelin published its very first Philadelphia destination guide, highlighting the city’s top leisure travel experiences. The Michelin Green Guide includes unmissable attractions, restaurants, hotels and experiences in Philadelphia and The Countryside of Philadelphia. Since 1900, the Michelin Guide has featured destinations around the globe and has …

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Business Mint hosted a momentous Nationwide Awards Event in Chennai

Chennai, May 2023: The Business Mint, a leading market research company founded by Mr. Vinay Kanth Korapati, hosted its 45th Nationwide Awards ceremony for the first time in Chennai. The event took place on 10th May, 2023 at Hotel Ramada Plaza by Wyndham Chennai. The event was a grand success, with an impressive turnout …

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Barbara Matthews joins Remote as Chief People Officer

Chennai, May 2023:  Remote, the leader in building, managing, and supporting global distributed workforces, today announced that Barbara Matthews has joined as its Chief People Officer. In her role, she owns the strategic planning, implementation, and scalability of the company through its distributed team around the world. Matthews joins Remote from …

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United Industries Auto Plastic Pvt. Ltd: all set to become a benchmark in theInjection Moulding Industry

Today marks an exciting milestone in the manufacturing industry as United Industries Auto Plastic Pvt.Ltd., a joint venture plant in Pochampalli, officially announces its launch. UI Auto Plastic has beenestablished as an equal partnership joint venture between two fastest growing injection moulding companies United Industries Plastic Pvt. Ltd. and VTK …

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CM of TN,M.K. Stalin lays foundation ceremony for Air-conditioner and Compressor factory project by Mitsubishi Electric India (MEI)

Electronics equipment manufacturer Mitsubishi Electric India has signed a memorandum of understanding (MoU) on Tuesday,9th May 2023 with the Government of Tamil Nadu followed by a foundation laying ceremony. Hon’ble Chief Minister of Tamil Nadu, Thiru M.K. Stalin lays foundation laying ceremony for Air-conditioner and Compressor factory project by Mitsubishi Electric India (MEI) in the presence of Mr.Thangam Thennarasu(Hon’ble Minister of Industries,Government of Tamil Nadu), Mr.S Krishnan, I.A.S (Additional Chief Secretary to …

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Sonalika Commences FY’24 journey with a flying start; Records highest ever April overall sales of 12,590 tractors and highest market share gain 1.9% in the tractor industry

Chennai, May 2023 After registering a record-breaking performance in FY’23 of highest ever annual sales, Sonalika Tractors has ensured to carry forward the same momentum in FY’24 as well. India’s No1 tractor export brand, Sonalika has touched a new record of highest ever April overall sales of 12,590 tractors, underlining …

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MakeMyTrip collaborates with Microsoft to reshape the travel booking landscape with generative AI

CHENNAI: In a landmark move, MakeMyTrip has collaboratedwith Microsoft to make travel planning more inclusive and accessible by introducing voice assisted booking in Indianlanguages. The new, in-platform tech stack powered by Microsoft Azure OpenAI Service and Azure Cognitive Services, will converse with the user to offer personalized travel recommendations based on their preferences; curate holiday packages based on variable inputs like occasion, budget, activity preferences, time of travel, etc., and even help book these holiday …

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Financial Results for the Quarter/ Year ended as on 31st March 2023

Key Highlights (Quarter ended Mar’23 over Mar’22) Net profit up by 47% YoY for Q4FY23 & 34% YoY for FY23 • Net Profit up by 47% YoY at ₹1447 Cr in Mar’23 from ₹984Cr in Mar’22 • Operating Profit up by 47% YoY at ₹4016 Cr in Mar’23 from ₹2738 Cr in Mar’22 • Net Interest Income increased by 29% YoY to ₹5508 Cr in Mar’23 from ₹4255 Cr in Mar’22 • Fee based income grew by 12% YoY to ₹914 Cr in Mar’23 • Cost-to-Income Ratio improved to 46.47% in Mar’23 from53.03% in Mar’22 • Domestic NIM improved to 3.59% in Mar’23 from 2.87% in Mar’22 • Return on Assets (RoA) improved to 0.82% in Mar’23 from0.62% in Mar’22 • Return on Equity (RoE) increased to 15.48% in Mar’23from 11.70% in Mar’22 • Advances increased by 14% YoY to ₹473586 Cr in Mar’23from ₹415625 Cr in Mar’22 • RAM (Retail, Agriculture & MSME) advances grew by 12%YoY to ₹272679 Cr in Mar’23 from ₹242700 Cr in Mar’22 • RAM contribution to …

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Nibav Home Lifts Launches its Fourth Manufacturing Facility in Chennai

Chennai, May 8th, 2023: Embarking on its journey to become a billion-dollar company by the end of December 2024, NIBAV Home Lifts, India’s largest home lift brand, today announced the expansion of its India-made home lift manufacturing operations. The company has announced the launch of its fourth manufacturing facility, spread across 50,000 Sq.Ft. and …

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GL PROPERTIES proudly launched its new project THANUSREE MOUNT VIEW AVENUE at OMR thiruporur

Chengalpet, May 2023: Thanusree Mount View Avenue has DTCP Approved layout showing the housing sites in survey number NO.169,170/1A170/3A,3B,3C,3D,3E,170/1B1,1B2,1B3,170/2A,170/2B12B2 at periyaputheri village chengalpet district. Why chengalpet? Chengalpet is a town in chengalpet district at the state of tamilnadu, india. It is the headquarters of the district and is 56 km …

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