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Nykaa Appoints Santosh Desai as Independent Director to Strengthen the Board

Mumbai, May 2024— FSN E-Commerce Ventures, also known as Nykaa, has announced the nomination of Santosh Desai as an independent director on its Board, beginning July 15, 2024. Desai’s term will last three years, subject to shareholder approval. Santosh Desai brings extensive expertise to Nykaa’s board, having previously served as CEO of Future Brands for…

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Maldives will launch India’s RuPay service to strengthen economic ties and financial stability.

Malé, May , 2024— The Maldives has announced plans to implement India’s RuPay payment system, a significant step toward improving economic cooperation and financial stability. While the precise start date is unknown, the project is expected to strengthen the Maldivian Rufiyaa and deepen commercial connections between the two adjacent countries. The announcement comes after ongoing…

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Pune Machine Tool Expo and FACTEQ 2024 will Drive Manufacturing Advancements in India

Pune, Maharashtra, May, 2024— The third edition of the Pune Machine Tool Expo (PMTX) and the inaugural Factory Equipment Expo (FACTEQ), held by the Indian Machine Tool Manufacturers’ Association (IMTMA), began on May 25, 2024, at the Pune International Exhibition and Convention Center. These events will culminate on May 28, 2024, bringing together industry leaders,…

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Smartphones are now the fourth Largest Export item from India, with a 42% Increase in FY24.

Smartphones have become India’s fourth-largest export item, growing by 42% to $15.6 billion in fiscal year 24. This significant rise in the export ranks saw cellphones surpass motor fuel, ushering in a new era in India’s export environment. India began separately recording smartphone export data in April 2022. Since then, the sector has shown excellent…

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Mumbai-San Francisco, Air India flight is delayed by 18 hours due to a Technical Glitch and Passenger Illness. 

Mumbai, – Passengers on Air India aircraft AI-179 headed for San Francisco experienced severe delays on Friday due to a technical issue and a passenger being ill. The flight, which was originally scheduled to depart from Mumbai International Airport at 4:00 p.m., will instead leave at 10:30 a.m. on Saturday. The problems began when the…

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Jio Financial Services plans a Rs 36,000 crore deal with Reliance Retail.

Mumbai, – In a strategic move, Mukesh Ambani’s Jio Financial Services (JFS) plans to seek shareholder permission for a significant acquisition from Reliance Retail Ltd, Reliance Industries’ retail arm. Jio Leasing Services Limited (JLSL), JFS’ leasing company, intends to enter into the device leasing market by purchasing telecom equipment and devices for Rs 36,000 crore…

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