Business

07 Feb

Eugenix Hair Sciences expands market leadership with growing demand in Agartala

Business BureauBusiness

Eugenix Hair Sciences, a premier name in the hair restoration industry, continues to set new standards with its advanced techniques trusted by cricketing legends, international athletes, and Bollywood celebrities. The clinic’s state-of-the-art facilities in Delhi-NCR, Mumbai, Hyderabad, and Bhubaneswar provide cutting-edge hair transplant solutions, blending scientific expertise with artistic mastery. Renowned cricketers such as Mohammed Shami, Ravi Shastri, and Mohammed Azharuddin have all turned to Eugenix for their transformative hair restoration procedures. Shami, who underwent a procedure with over 4,500 grafts, praised the results, stating, “The procedure exceeded my expectations.” Shastri, affirming his trust, said, “When it comes to hair,…

07 Feb

Apollo Tyres Q3 profit, margins decay estimates, revenue up

Priyanka RoyBusiness, News

Apollo Tyres' Q3 FY25 net profit fell 32.1% to ₹337.2 crore from ₹497 crore in the same period a year ago, also below CNBC-TV18 poll estimate of ₹378 crore. The drop in profitability was due to weak operating performance and margin contraction. Revenue for the quarter grew 5% year-on-year to ₹6,928 crore, higher than poll estimate of ₹6,744 crore. However, EBITDA declined 21.6% to ₹947 crore, well below the ₹1,208 crore recorded in Q3 FY24. The figure also fell short of analysts' expectations of ₹972 crore, reflecting higher input costs and lower operating efficiency. Raw material costs and competitive pricing…

06 Feb

Angel One shares inflation 7% after firm’s January business update

Priyanka RoyBusiness, News

Angel One shares jumped nearly 7 percent on February 5 after the brokerage released its January business update. At 11.27 am, the shares were trading at Rs 2,503 per share. The company announced in its business update that its client base has grown 48 percent year-on-year to 3.01 crore in January 2025. This also reflects a 2 per cent growth from the 2.95 crore client base recorded in December 2024. Meanwhile, its average client funding book grew 87 per cent year-on-year to Rs 4,199 crore. This is 3 percent higher than the average client funding book of Rs 4,072 crore…

05 Feb

Bandhan Bank’s total business grows 17% to Rs. 2.73 lakh crore

Business BureauBusiness

Bandhan Bank has reported a 17% growth in its total business for the third quarter of the financial year 2024-25, closing at Rs. 2.73 lakh crore. The bank’s retail deposits now account for nearly 69% of its total deposits, which have grown by 20% year-on-year, reaching Rs. 1.41 lakh crore. In parallel, its loan book saw a 15% increase, amounting to Rs. 1.32 lakh crore. The bank’s robust performance is attributed to its expansion in distribution, operational efficiency, and a favorable operating environment. With nearly 6,300 banking outlets across India and a workforce of 78,400 employees, Bandhan Bank has solidified…

05 Feb

Thomas Cook shares lapse 12%, firm’s Q3 net profit drops 40% to Rs 50 crore

Priyanka RoyBusiness, News

Thomas Cook shares fell over 12 percent on February 4, a day after the company announced its Q3 FY25 earnings results. The company reported a massive drop of nearly 40 per cent in its Q3 net profit after market close on February 3. Shares of Thomas Cook (India) Ltd are trading at Rs 143.95 at 11.24 am. This represents a decline of 12.01 percent from the stock's previous close price. Thomas Cook's consolidated results for the quarter ended December 2024 saw a rise in sales, growing 8.87 percent to Rs 2,061.01 crore as compared to Rs 1,893.13 crore in the…

04 Feb

Nestle India Ltd. Its share price fell 0.45% to close at ₹2,316.90

editorBusiness

Nestle India Ltd. saw a decline of 0.45% in its share price, closing at ₹2,316.90. This performance was part of a challenging trading session where the BSE SENSEX Index fell by 0.41% to 77,186.74. Nestle India's shares are currently 16.57% below their 52-week high of ₹2,777.00, recorded on September 27th. In comparison, Heritage Foods (India) Ltd. experienced a slight decline of 0.22% to ₹429.65, while Vadilal Industries Ltd. saw an increase of 0.97% to ₹3,922.90. The trading volume for Nestle India was 58,321, slightly above its 50-day average of 57,322. Analysts suggest that Nestle India's underperformance relative to its competitors…

04 Feb

Maruti Suzuki India Ltd. Its share price has increased significantly

editorBusiness

Maruti Suzuki India Ltd. experienced a notable rise in its share price, increasing by 1.66% to ₹13,135.40. This performance stands out amid a challenging trading session where the BSE SENSEX Index declined by 0.41% to 77,186.74. Currently, Maruti Suzuki India's stock is 3.95% below its 52-week high of ₹13,675.00, achieved on August 1st. Among its peers, the company had a mixed performance: Ashok Leyland Ltd. saw a decline of 1.18% to ₹203.91, while Eicher Motors Ltd. experienced a rise of 1.73% to ₹5,481.40. The trading volume for Maruti Suzuki India was 23,150, surpassing its 50-day average of 13,289, indicating strong…

04 Feb

Greaves Electric Mobility sees sales upsurge in January

Priyanka RoyBusiness, News

Greaves Electric Mobility Ltd (GEML), the e-mobility arm of Greaves Cotton Ltd, reported robust sales in January. Under the company's flagship Ampere brand, it sold 3,611 units in January, making it the 5th best-selling electric two-wheeler brands in India, according to the vehicle portal. The manufacturer reported a 53% year-on-year growth and a 27% month-on-month growth, driven primarily by sales of its premium family electric scooters - Nexus and Magnus Neo. Overall, retail growth for Ampere (including slow-speed vehicles) stood at 38% month-on-month, which is higher than the industry growth average. The Magnus Neo, the updated variant of the recently…

03 Feb

UPL shares rose 5% after Investec upgrades rating to ‘buy’, raises price target to Rs 700

Priyanka RoyBusiness, News

UPL shares jumped over 5 percent after global brokerage Investec upgraded its rating on the stock to 'buy' from an earlier 'sell' call, and hit a 52-week high of Rs 636.80 on February 3. Apart from the rating upgrade, Investec also raised its price target for the stock to Rs 700, significantly higher than the previous target of Rs 450. Investec's optimism towards UPL is driven by expectations that the company will successfully reduce its overall debt levels in FY25. UPL's net debt stood at Rs 27,531 crore as of September 2024. The brokerage is also confident that UPL will…

03 Feb

Air India Express launches Dibrugarh-Guwahati-Delhi flight, expands northeast network

Business BureauBusiness

Air India Express today inaugurated its Dibrugarh operations, strengthening its presence in Northeast India. A new daily direct flight now links Dibrugarh and Guwahati, offering convenient one-stop service to Delhi without requiring a change of aircraft. This marks the airline's fifth Northeast hub, joining Agartala, Dimapur, Guwahati, and Imphal. The inaugural flight departed Dibrugarh at 1:45 PM, arriving in Guwahati at 3:15 PM before continuing to Delhi. The new route offers enhanced connectivity from Dibrugarh to key Indian cities, including Bengaluru, Chennai, Delhi, Jaipur, and Kolkata. Air India Express also unveiled two aircraft with special liveries celebrating Assamese culture, featuring…