Business

13 Mar

Legal Challenges Escalate as Philippine VP Seeks Remedies in The Hague

Sonakshi Sarkarinternational

Philippine Vice President Sara Duterte has embarked on a trip to The Hague as legal challenges intensify following the arrest of former President Rodrigo Duterte. The former leader's detention has ignited political tensions within the country, with supporters and detractors debating the legitimacy of the charges. Vice President Duterte's visit to the International Criminal Court aims to explore legal avenues to address the situation, reflecting the complex interplay between national sovereignty and international law. This development underscores the ongoing debates surrounding accountability and justice in the Philippines' political landscape.

13 Mar

Adobe shares reduce 5% in extended trading on sluggish revenue outlook and focus on AI tools

Priyanka RoyBusiness, News

Adobe Inc. gave a disappointing forecast for revenue growth in the current quarter despite a recent focus on monetizing its new generative artificial intelligence features. Sales in the period ending in May will be $5.77 billion to $5.82 billion, the company said in a statement Wednesday. Analysts, on average, projected $5.8 billion. Excluding certain items, profit will be $4.95 per share to $5 per share, while the average projection is $5. Adobe, a top maker of software for creative professionals, is incorporating its AI model, Firefly, into apps such as Photoshop and Premiere. Investors have debated whether generative AI will…

12 Mar

India’s silver ETF AUMs rose 266% to ₹13,500 crore in 2025

Priyanka RoyBusiness, News

Silver exchange traded funds have seen a massive surge in assets under management in less than three years, crossing the ₹13,500 crore mark in January 2025. SEBI allowed asset management companies to launch silver ETFs in November 2021. Since then, silver ETFs have seen massive growth. In January 2022, AUMs were Rs 123 crore and by January 2023 they grew to Rs 1651 crore. Silver ETF AUMs have seen the fastest growth in 2024, growing from Rs 3705 crore in January 2024 to Rs 13,566 crore by January 2025 - a 266 percent increase. According to data from Zerodha Fund…

11 Mar

Hilux Gets a Style Upgrade: Toyota Kirloskar Motor Launches Black Edition

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has unveiled the Hilux Black Edition, a special variant of its iconic lifestyle pickup truck, designed for adventure enthusiasts and urban explorers alike. Priced at ₹37.90 lakh (ex-showroom, uniform across India), the Hilux Black Edition blends toughness, power, and sophistication with an aggressive all-black theme. Powered by a 2.8L four-cylinder turbo-diesel engine paired with a 6-speed automatic transmission, the new Hilux delivers 500 Nm torque and features a 4X4 drivetrain, ensuring superior off-road capability. It boasts segment-leading 700mm water-wading capacity, an electronic differential lock, and traction control, making it ideal for rough terrains. The Black Edition…

11 Mar

Indusind Bank shares reduce 20% as lender reports Rs 1,530 crore derivative portfolio mismatch

Priyanka RoyBusiness, News

Shares of Indusind Bank Ltd tumbled 20% on Tuesday after the bank discovered discrepancies in its derivatives portfolio during an internal review. The detailed review revealed that the bank's total assets are estimated to be adversely impacted by about 2.35% by December 2024, equivalent to a potential loss of Rs 1,530 crore. The bank's total assets stood at Rs 65,102 crore at the end of December 2024. Indusind Bank's total assets are estimated to decline by Rs 1,600 crore to Rs 2,000 crore. The Hinduja-promoted lender plans to absorb this loss in its fourth quarter earnings or the first quarter…

10 Mar

Metropolis Healthcare launches an advanced diagnostic testing facility in Dibrugarh, Assam

Business BureauBusiness

Metropolis Healthcare, India’s second-largest pathology laboratory chain, has inaugurated a state-of-the-art diagnostic laboratory in Dibrugarh, Assam. The facility, spanning approximately 1,200 sq. ft., is equipped to process up to 15,000 samples monthly and offers a wide range of tests, from routine pathology to specialized diagnostics. The inauguration ceremony was attended by Dr. Aprajit Sandilya, Director of Urovision Hospital, alongside Metropolis Healthcare senior officials, including Mr. Rajesh Tripathy and Mr. Anindya Majumdar. The lab marks Metropolis’ fifth processing facility in Assam, further strengthening healthcare access in the region. Mr. Bhoopendra Singh Rajawat, Chief Business Officer (West, East & North India), Metropolis…

10 Mar

Electric vehicle sales jump 19% in February

Priyanka RoyBusiness, News

New Delhi, Retail sales of electric passenger vehicles grew 19 per cent to 8,968 units in February, with Tata Motors topping the segment, according to data released by dealers' body FADA.Total electric passenger vehicle retail sales stood at 7,539 units in the same month last year.Tata Motors sold 3,825 units last month, while MG Motor India sold 3,270 units.FADA President CS Vigneshwar said in a statement, "Electric passenger vehicles recorded a good growth of 18.95 per cent year-on-year, reflecting growing consumer awareness and adoption of EVs in the personal mobility segment, now achieving a market share of 3 per cent."…

08 Mar

GNRC Celebrates International Women’s Day with Felicitation of Prominent Women Leaders

Business BureauBusiness

GNRC Hospitals, Dispur, celebrated International Women’s Day today with a special felicitation ceremony, honouring three distinguished women leaders of Assam and recognizing the unwavering contributions of its dedicated women employees. As a pioneer in specialty healthcare in Northeast India, GNRC Hospitals has consistently championed excellence in medical care, innovation, and community service. This year, GNRC Hospitals proudly felicitated: Dr. Alaka Goswami – Eminent Gynaecologist of Assam Ms. Sushmita Goswami – President, Guwahati Press Club Ms. Mridusmita Das Bora – Noted Sattriya Dancer & Entrepreneur Additionally, GNRC honoured its women employees who have dedicated over 25 years of service, including doctors,…

08 Mar

Take Control of the Road: Toyota Legender 4X4 MT Grade Now Available in India

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has announced the launch of the Legender 4X4 Manual Transmission (MT) variant, further strengthening its premium SUV portfolio. Priced at ₹46.36 lakh (ex-showroom), the new variant caters to adventure seekers who demand greater control, luxury, and off-road performance. The Legender 4X4 MT is powered by a 2.8L diesel engine, producing 204 PS of power and 420 Nm of torque. The 6-speed manual transmission enhances driving engagement, while Toyota’s advanced 4X4 technology ensures superior terrain handling. The SUV features a Catamaran-inspired design, a piano-black grille, LED lighting, and an exclusive Pearl White with Black Roof dual-tone finish.…

07 Mar

Castrol India shares increase 12% amid talks of Saudi Aramco bidding for BP’s lubricants assets

Priyanka RoyBusiness, News

Castrol India shares on March 6 recorded their biggest single-day rise in eight months amid talks of Saudi Aramco considering a possible offer for lubricants assets being sold by BP Plc.The world's largest energy company is studying whether to bid for part or all of the business that operates under the Castrol brand name, Bloomberg reported on March 5, citing sources.Aramco may consider combining the Castrol assets with its Valvoline lubricants unit, which it bought in a $2.65 billion deal scheduled to be completed in 2023, the report said. Aramco is particularly interested in Castrol's operations in fast-growing markets such…