Business

30 Jan

French authorities have issued multiple snowfall warnings

editorinternational

In a tragic series of events, four skiers have lost their lives due to avalanches in the French Alps. Among the victims are three Norwegians and a Swiss woman, all skiing off-piste. The Norwegian group was struck in Val-Cenis, resulting in one woman sustaining serious injuries, while the Swiss woman was killed near Chamonix. These incidents follow the death of a 55-year-old British man in an avalanche in Les Grands Montets, an area that had been closed off due to high avalanche risks. French authorities have issued multiple avalanche warnings and are urging skiers and hikers to adhere to instructions…

30 Jan

Blenders Pride Fashion Tour 2025 shape future of fashion and consumer trends

Business BureauBusiness

The Blenders Pride Fashion Tour 2025 promises a groundbreaking experience, blending fashion, music, and entertainment under the theme ‘The One and Only.’ In collaboration with the Fashion Design Council of India (FDCI), the tour will feature stellar showcases by leading designers and style icons across six cities. Kicking off in Gurugram with a tribute to Rohit Bal, the tour moves to Mumbai, where Tarun Tahiliani will redefine contemporary Indian fashion. Chandigarh will witness Kanika Goyal and Jacqueline Fernandez fusing street-style with haute couture, while Guwahati features Jaywalking and Tiger Shroff exploring abstract fashion. In Vizag, Bloni and Tamannaah Bhatia will…

30 Jan

NEHHDC launches Jewellery and Handicrafts Incubator to strengthen Northeast’s artisan industry

Business BureauBusiness

The North Eastern Handicrafts and Handloom Development Corporation (NEHHDC) has officially inaugurated the Jewellery and Handicrafts Livelihood Business Incubator (LBI) at its Bamunimaidan premises. Developed under the ASPIRE Scheme of the Ministry of Micro, Small & Medium Enterprises (MoMSME), this initiative aims to modernize the region’s jewellery and handicrafts sector while fostering entrepreneurship and innovation. The Indian Institute of Entrepreneurship (IIE) serves as the mentor institute. The Indian jewellery and gemstone sector significantly contributes to the economy, accounting for 7% of GDP and 15% of merchandise exports. The LBI is designed to empower Northeast India’s artisans by providing them with…

29 Jan

BHEL Q3 results | Net profit inflation 124% on revenue growth

Priyanka RoyBusiness, News

State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday (January 28) reported a 123.5% jump in net profit to ₹134.7 crore for the third quarter ended December 31, 2024, mainly on account of higher revenue. In the year-ago quarter, BHEL had reported a net profit of ₹60.3 crore. The company's revenue from operations grew 32.2% to ₹7,277.1 crore as against ₹5,503.8 crore in the same quarter last year. At the operating level, EBITDA grew 40.6% to ₹304.3 crore in the third quarter as against ₹216.5 crore in the same quarter in FY24. EBITDA margin stood at 4.2% in the reporting quarter…

28 Jan

Mahindra Truck and Bus expands Assam presence with Lakhimpur dealership

Business BureauBusiness

Mahindra Truck and Bus Division (MTBD) has strengthened its footprint in Assam by inaugurating its 87th dealership in Lakhimpur. This state-of-the-art 3S facility (Sales, Service, Spares) features four service bays capable of servicing over 10 vehicles daily and offers 24-hour breakdown assistance, driver lodging, and AdBlue, a fluid that enhances emission compliance and fuel efficiency. The launch reflects MTBD’s robust performance, with a 46% CAGR growth over the past three years. According to Dr. Venkat Srinivas, Business Head – MTBD, the company’s innovative initiatives, such as the Mileage Guarantee program for BS6 OBD II trucks and the advanced iMAXX telematics…

28 Jan

ICICI Bank shares inflation 2% on strong third quarter earnings

Priyanka RoyBusiness, News

New Delhi, Jan 27 (PTI) ICICI Bank shares rose over 2 per cent in early trade on Monday after the private sector bank reported a 15 per cent rise in standalone net profit to Rs 11,792 crore for the quarter ended December, driven by a rise in core income. The company's shares rose 2.09 per cent to Rs 1,234.50 on the National Stock Exchange (NSE). On the BSE, it rose 2.03 per cent to Rs 1,234 per share. Markets were trading in the negative zone. In early trade, the 30-share BSE Sensex fell 694.95 points, or 0.91 per cent, to…

27 Jan

Keeway India launches K300 SF Street Fighter at aggressive introductory price

Business BureauBusiness

Keeway India, a subsidiary of Adishwar Auto Ride India (AARI), has launched the K300 SF Street Fighter, a special edition of its popular K300 motorcycle series. To drive sales, the company is offering the first 100 units at an introductory price of ₹1.69 lakhs (ex-showroom), making it a compelling proposition in the competitive 300cc segment. The K300 SF boasts a powerful 292.4cc engine, aggressive styling, and advanced features like USD forks and dual-channel ABS. Aizawl, with its growing demand for premium motorcycles and a preference for sporty designs, is expected to be a key market for the K300 SF. The…

27 Jan

Indian Oil Q3 Earnings Preview | Dramatic rose in profit expected after weak Q2

Priyanka RoyBusiness, News

Indian Oil Corporation (IOC) Ltd will announce its third quarter earnings for the financial year 2024-25 on January 27. Analysts expect a sharp jump in profits, mainly due to the weak performance in the previous quarter (Q2 FY25). What to expect Profit jump: IOC is expected to report a profit of ₹6,140 crore, a significant rise from just ₹180 crore in Q2 FY25. Revenue growth: Revenue is estimated to grow 11% to ₹1.92 lakh crore compared to ₹1.74 lakh crore in the previous quarter. EBITDA improvement: Earnings before interest, tax, depreciation and amortization (EBITDA) is estimated to increase from ₹3,772…

25 Jan

ICICI Bank Q3 results preview: Net profit may jump 10%, asset quality likely to remain stable

Priyanka RoyBusiness, News

ICICI Bank is set to announce its financial results for the October-December quarter (Q3FY25) on Saturday, January 25. Analysts expect the bank to report a healthy rise in profit on the back of strong loan growth and stable asset quality. According to a CNBC-TV18 poll, ICICI Bank's profit after tax (PAT) is expected to rise 10.3% to reach ₹11,332.7 crore compared to ₹10,271.6 crore in the same period last year. Meanwhile, the bank's net interest income (NII) is estimated to reach ₹20,461.4 crore from ₹18,678.6 crore in Q3FY24. The bank's asset quality is likely to remain stable. Brokerage firm Motilal…

24 Jan

Flipkart and APFBC partner to empower Assam’s artisans with E-commerce tools

Business BureauBusiness

Flipkart, in collaboration with the Assam Project on Forests & Biodiversity Conservation (APFBC), hosted a workshop on January 20 at Aranya Bhawan, Guwahati, to empower local entrepreneurs, artisans, and weavers. The initiative was part of the Buyer-Seller Meet 2025, themed “Developing Market Linkages for Products Made by Forest Communities,” under the Community Component implemented by PISA. The workshop focused on Flipkart’s Samarth program, a flagship initiative launched in 2019 to enable underserved communities to leverage e-commerce. Attendees, including artisans, bamboo product makers, and weavers, gained insights into product listing, market trends, and online business operations. The event also highlighted training…