Mercedes celebrates 25 years in India

Mercedes-Benz, India’s largest luxury car manufacturer, rolled into New Delhi with its ‘Luxe Drive Live 2019’ recently. An exclusive luxury experience built on adrenaline, gourmet and music, the event, now in its fifth year, gave current and potential owners a unique taste of the Mercedes-Benz lifestyle. This included an exclusive opportunity to test drive an impressive range of Mercedes-Benz cars, enjoy live musical performances with MTV and the chance to sample gourmet cuisine courtesy celebrity chef Ranveer Brar. Martin Schwenk, Managing Director and CEO, Mercedes-Benz India, said, “Delhi is one of the most important…

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Sales officer opening with Unicharm

Unicharm is looking to hire Sales Officer- General Trade. Location: West Delhi. Job Profile: – Identify, recruit and on-board new channel partners within assigned territory. – Manage sales activities of partners to generate revenue. – Coordinate with partners to create and execute business plans to meet sales goals. – Evaluate partner sales performance and recommend improvements. – Handling Primary & Secondary sales, dealer distribution. – Manage sales pipeline, forecast monthly sales and identify new business opportunities. Candidate Profile: 1) Should have good experience into Channel Sales for West Delhi. 2)…

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Government backed app for consumer grievance redressal

In its bid to strengthen the response mechanism to consumer grievance, Union Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan has launched a dedicated app. ‘Consumer App’ aims to provide a one stop solution for consumer grievance redressal at the palm of every consumer across the nation via mobile phones. The complaint registered with the app will be monitored on a daily basis by the ministry and there will be time bound resolution of all grievances. The complaints that are simple will be resolved within 20 days…

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DHL unveils strategy 2025 to step up digital transformation drive

Global logistics major Deutsche Post DHL Group has unveiled “Strategy 2025 – Delivering excellence in a digital world.” The initiative entails stepping up the digital transformation of the group that is already underway in all business divisions. Till 2025, the group will be spending around EUR 2 billion on digitalization. According to a company release, this sum is already included in the planned Opex and Capex spending. “Deutsche Post DHL Group has never been in better shape. We are convinced that future growth will come from a consistent focus on…

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Mahindra-Ford JV to drive growth in India and promising markets

 Mahindra & Mahindra Limited and Ford Motor Company have signed a definitive agreement to create a joint venture that will develop, market and distribute Ford brand vehicles in India and Ford brand and Mahindra brand vehicles in high-growth emerging markets around the world. Mahindra and Ford will form a joint venture, with Mahindra owning a 51 percent controlling stake and Ford owning a 49 percent stake. Ford will transfer its India operations to the joint venture, including its personnel and assembly plants in Chennai and Sanand. Ford will retain the…

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MIAL becomes 100% single use plastic free

GVK Mumbai International Airport Ltd (MIAL) managing the Chhatrapati Shivaji Maharaj International Airport (CSMIA) has announced becoming 100% single-use plastic free. MIAL has claimed introducing and implementing a 360-degree plastic ban as per the guidelines provided by the Government of India. Since the Government of Maharashtra’s statewide prohibition on single-use plastic in July 2018, the airport has tirelessly collaborated with all its stakeholders including the Airlines, Concessionaires, F&B and Retail outlets, Duty-free, aircraft ground handlers and the public and private offices, respectively on the elimination of plastic across both its…

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Honda commences deliveries of Activa 125 BSVI

 Marking the auspicious day of first Navratri with more joy for its customers, Honda Motorcycle and Scooter India commenced deliveries of its revolutionary first BSVI two-wheeler ‘Activa 125’. Starting the festivities on a grand note, the keys of BSVI Activa 125 were handed over to its first customer, Ankur Arora in New Delhi. The all new Activa 125 BSVI offers future technology in the present, bringing India at par with global standards – the Sophisticated, Precise & Sensitive Enhanced Smart Power (eSP) NEW. Living upto the trust shown by millions of customers in brand Honda and its innovative products, Activa 125 BSVI is developed with as…

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Cash Suvidha plans to raise $5-10mn equity funds

  Cash Suvidha, the trade name of Usha Financial Services that extends business loans to SMEs & MSMEs and personal loans to individuals is planning to raise $5-10mn equity funds in the next six months. In March 2018, the company raised $1 Mn in order to provide effective financial solutions to the entrepreneurs and individuals. Now the company is planning to raise funding this year to achieve the next level credit growth. The company will use the funds to increase its loan books and to further strengthen its technological infrastructure. Founded…

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Factors affecting domestic CV industry

According to a recent note by credit rating agency ICRA, “ the Indian commercial vehicles industry has been facing a slowdown in demand and declining sales over the past two-three quarters primarily due to the economic slowdown and surplus capacity that it is saddled with.” GST implementation, E-way bill implementation, upward revision in axle norms and declining viability of small fleet operators have also been pointed as the factors impacting domestic CV industry. Shamsher Dewan, Vice President & Sector Head – Corporate Ratings, ICRA, said, “As per our estimates, there has…

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