Business

03 May

Medanta taps Guwahati market with vascular care push to curb diabetic amputations

Business BureauBusiness

Medanta, one of India’s leading multi-specialty hospitals, has ramped up its healthcare outreach in Northeast India with a strong focus on vascular health to combat diabetic foot complications and varicose vein issues. At a press conference in Guwahati, Dr. Rajiv Parakh, Chairman of Peripheral Vascular and Endovascular Sciences at Medanta Gurugram, highlighted the urgent need for early diagnosis and advanced interventions to prevent amputations and manage chronic leg conditions. With over 5.5% of Assam's population affected by Type 2 diabetes (ICMR), Medanta aims to address a critical gap in specialized vascular care. The region’s sedentary lifestyle and limited access to…

03 May

Bandhan Bank reports 11% growth, reaches Rs. 2.88 lakh crore in total business

Business BureauBusiness

Bandhan Bank has announced an impressive 11% growth in its total business, reaching Rs. 2.88 lakh crore for the financial year 2024-25. The bank's deposit base grew by 12%, touching Rs. 1.51 lakh crore, with retail deposits now constituting nearly 69% of the total. The loan book expanded by 10% year-on-year to Rs. 1.37 lakh crore, further strengthening the bank’s position in India’s competitive financial sector. The bank’s CASA (Current Account and Savings Account) ratio remains healthy at 31.4%, and the Capital Adequacy Ratio (CAR) stands robust at 18.7%, well above regulatory requirements. Bandhan Bank also reported a net profit…

03 May

Gold futures prices gain: Price rises to Rs 92,811 per 10 grams

Priyanka RoyBusiness, News

New Delhi, May 3: Gold prices on Friday rose by Rs 472 to Rs 92,811 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.Gold contracts for June delivery on the Multi Commodity Exchange rose by Rs 472, or 0.51 percent, to Rs 92,811 per 10 grams in a business turnover of 14,987 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures in New York rose 0.68 percent to $3,261.31 an ounce.

02 May

Ujjivan Small Finance Bank Q4 profit decrease 75% to ₹83 crore, shares down 3%

Priyanka RoyBusiness, News

Ujjivan Small Finance Bank (SFB) on Wednesday reported that its net profit for the three months ended March 2025 fell 75% to ₹83.39 crore, due to higher provisions for bad loans.The bank had posted a net profit of ₹329.63 crore in the same period a year ago.Its total income rose to ₹1,843 crore in the January-March quarter of financial year 2024-25 (FY25) from ₹1,765 crore in the same period a year ago, Ujjivan Small Finance Bank said in a regulatory filing.Total provisions excluding tax rose to ₹264.50 crore in the quarter under review from ₹79 crore in the same quarter…

02 May

Britannia Marie Gold announces the launch of Season 2 of Her Start-Up Show

Business BureauBusiness

Britannia Marie Gold, in collaboration with GroupM Motion Entertainment and Mindshare, has launched Season 2 of its acclaimed reality series Her Start-Up Show, dedicated to women entrepreneurs across India. Streaming exclusively on JioHotstar since April 19, the series features 40 finalists competing for the coveted ₹10 lakh Golden Grant. Season 2 builds on the success of its nationwide Her Start-Up Contest launched in July 2024, which attracted over one lakh entries. After rigorous training and shortlisting, 40 participants from cities like Indore, Aurangabad, Jammu & Kashmir, and Coimbatore are pitching innovative ideas across sectors including food, fashion, sustainability, and tech.…

02 May

CMF by Nothing unveils its second-generation smartphone alongside a trio of earbuds

Business BureauBusiness

CMF, a sub-brand of the London-based tech giant Nothing, has unveiled its latest lineup of products, including the CMF Phone 2 Pro, alongside three new variants of its earbuds—Buds 2, Buds 2 Plus, and Buds 2a. The announcement marks a significant milestone as CMF continues to revolutionize the smartphone and audio space. The CMF Phone 2 Pro features a best-in-segment three-camera system, with a 50 MP main sensor, telephoto lens, and ultra-wide camera, ensuring enhanced photography experiences. Powered by the MediaTek Dimensity 7300 Pro 5G processor, this sleek device promises faster processing and longer battery life, lasting up to two…

30 Apr

Gold futures price decrease by Rs 550 to Rs 95,475 per 10 grams

Priyanka RoyBusiness, News

New Delhi, Gold futures price fell by Rs 550 to Rs 95,475 per 10 grams in futures trade on Tuesday amid weak spot demand.Gold contracts for June delivery on the Multi Commodity Exchange fell by Rs 550 or 0.57 percent to Rs 95,475 per 10 grams in a business turnover of 17,745 lots.Analysts attributed the fall in gold prices to weak global cues.In international markets, gold futures in New York fell 0.80 percent to $3,317.18 an ounce.

29 Apr

Ambuja Cements Q4: Net profit reduce 9%, EBITDA rises 12%; company announces dividend

Priyanka RoyBusiness, News

Ambuja Cements Q4: Adani Group-owned Ambuja Cements announced its January-March quarter earnings on Tuesday, April 29. The company reported a consolidated net profit of ₹956 crore in the fourth quarter of financial year 2024-25 (Q4FY25), showing a 9% decline from ₹1,051 crore in the same period last year.Its revenue from operations grew nearly 12% to ₹9,802.5 crore in the March quarter as against ₹8,785 crore in the same period a year ago.Ambuja Cements reported stable operating performance in the fourth quarter as its operating profit also known as earnings before interest, tax, depreciation and amortization (EBITDA) grew 12% to ₹1,781…

29 Apr

India’s President Murmu attends Pope Francis’ state funeral in Vatican, marking global condolences

Business BureauBusiness

President Droupadi Murmu led a high-profile Indian delegation to Vatican City to attend the State Funeral of Pope Francis, representing the Government and people of India. Accompanied by Union Minister for Parliamentary Affairs and Minority Affairs, Shri Kiren Rijiju, Minister of State for Minority Affairs, Shri George Kurian, and Deputy Speaker of the Goa Legislative Assembly, Shri Joshua De Souza, President Murmu arrived in Rome on April 25. The State Funeral, held on April 26, saw President Murmu paying her respects at the Saint Peter’s Basilica, reflecting India’s solidarity with the global Catholic community. The Ministry of External Affairs spokesperson,…

28 Apr

UCO Bank Q4 profit gain 24% to ₹665.7 crore, declares dividend

Priyanka RoyBusiness, News

State-run UCO Bank announced its Q4 results on Monday, April 28. The bank has reported strong March quarter earnings, with consolidated net profit for the fourth quarter of financial year 2024-25 (Q4FY25) rising by nearly 24% year-on-year (YoY) to ₹652 crore.The bank’s total business as of March 31, 2025 grew 14.12% to ₹5,13,527 crore, with gross advances growing 17.72% to ₹2,19,985 crore and total deposits growing 11.56% to ₹2,93,542 crore. Operating profit for the quarter reached ₹1,699 crore, registering a year-on-year growth of 33.48% from ₹1,273 crore in the fourth quarter of FY2023-24.The state-owned lender's profit stood at ₹526 crore…