Business

14 Nov

Eicher Motors shares rose over 8% after earnings announcement

Priyanka RoyBusiness, News

Eicher Motors' consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the September 2024 quarter, led by robust sales across all business segments. Eicher Motors shares surged over 8 per cent on Thursday after the firm said its consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the September 2024 quarter. The stock rose 8.35 per cent to ₹4,972.50 on the BSE. It rose 8.37 per cent to ₹4,973 on the NSE. Eicher Motors on Wednesday said its consolidated profit after tax rose 8 per cent year-on-year to ₹1,100 crore in the…

14 Nov

Figaro’s Pizza Expands to North East India with Guwahati Outlet, Grand Inauguration by Aimee Baruah

Business BureauBusiness

Figaro’s Pizza, celebrated for its authentic Italian flavors, is set to make its debut in the North East with the launch of its first franchise outlet in Guwahati. Scheduled to open on 14th November 2024 at Protech Dawn, G.S. Road, Rukminigaon, this new location represents a significant step in Figaro's ambitious expansion plans across India, made possible by a strategic partnership with FranGlobal, the international business arm of Franchise India Holding Limited, Asia's leading franchising solutions provider. Adding star power to the occasion, celebrated actress Aimee Baruah will inaugurate the new Figaro’s Pizza outlet, joining in the festivities to mark…

14 Nov

HDFC ERGO authorises by the Government of Tripura to implement PMFBY

Business BureauBusiness

HDFC ERGO General Insurance Company, India’s leading private sector general insurer, has been authorised by the Government of Tripura to implement the Pradhan Mantri Fasal Bima Yojana (PMFBY) for loanee and non-loanee farmers in the districts of Dhalai, Gomati, Khowai, North Tripura, South Tripura, West Tripura, Unakoti, and Sepahijala for the Rabi, 2024 season. PMFBY scheme insures farmers against any losses in crop yield arising out of a wide range of external risks such as drought, floods, dry spells, landslides, cyclones, hurricanes, hailstorms, inundations, pests, diseases, and others. To determine the loss in the yield, the state government will plan…

14 Nov

PMI urges collaborative action to eradicate illicit tobacco trade in India

Business BureauBusiness

Philip Morris International (PMI) has reinforced its commitment to combating the escalating illicit tobacco trade in India, advocating for government-to-government collaborations and enhanced intelligence sharing on transnational networks. Speaking at a recent industry event, IPM India’s Managing Director, Navaneel Kar, revealed alarming statistics: illicit tobacco now accounts for nearly 25% of India’s cigarette market, driven by a staggering 120 million smokers. This surge positions India as the fourth largest hub for illegal cigarette trade globally, resulting in a tax loss of approximately USD 1.6 billion and over 12,000 job losses in 2019-2020. Anushree Lakshminarayanan, Director of External Affairs at IPM…

13 Nov

Tata Motors rolls out ‘Customer Care Mahotsav’ nationwide to boost commercial vehicle services

Business BureauBusiness

Tata Motors has launched its much-awaited "Customer Care Mahotsav 2024," a nationwide engagement program designed to enhance the after-sales experience for commercial vehicle customers. Running from 23rd October to 24th December 2024, the initiative will be hosted at over 2,500 authorized service outlets across India, offering a wide range of benefits to fleet owners and drivers. The Mahotsav features free vehicle check-ups conducted by trained technicians, along with exclusive value-added services. It also includes driver training on safe and fuel-efficient driving, aligned with Tata Motors’ Sampoorna Seva 2.0 initiative. This comprehensive service portfolio ensures customers benefit from an all-inclusive solution…

13 Nov

Toyota Kirloskar Motor’s initiatives champion skill development for India’s youth

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has reinforced its commitment to skills development in India through several educational programs, highlighted by the expansion of its Toyota Technical Training Institute (TTTI). The institute, which provides free technical education to economically underprivileged youth, has doubled its capacity to 1,200 students, including facilities for 600 female students. TKM's Executive VP G. Shankara emphasized the company's alignment with the Prime Minister's Internship Scheme announced in the Union Budget 2024-25, noting their focus on bridging the gap between education and industry needs. The company has trained over 110,000 youth through various initiatives, including partnerships with 49 Industrial…

13 Nov

Medicare premiums will inflation again in 2025. Here’s what you need to know

Priyanka RoyBusiness, News

Americans on Medicare can expect their premiums to rise by more than $10 per month starting in 2025. The announcement comes from the Centers for Medicare & Medicaid Services, which said it will increase the deductible by $17 due to higher projected costs and projected utilization growth. According to CMS, anyone making more than $106,000 can expect their premiums to rise even more, but that depends on how much they earn. News of this increase comes about a month after the Social Security Administration announced a 2.5% cost-of-living adjustment — which increases monthly Social Security benefits by $50. Since most…

12 Nov

Oil downgrade biggest in two weeks on demand concerns, dollar

Priyanka RoyBusiness, News

(Bloomberg) -- Oil drop biggest in 2 weeks on a soft demand outlook in China, a strong U.S. dollar and fears of oversupply in the market. Brent crude was trading below $72 after falling nearly 3% on Monday, while West Texas Intermediate was around $68. China's latest measures to bolster its economy fell short of direct stimulus, and inflation remains weak. A gauge of the dollar rose to a one-year high as investors adjusted to Donald Trump's victory, making oil more expensive for most buyers. Crude has traded in a relatively tight range since the middle of last month, as…

11 Nov

Bandhan Life Insurance offers affordable pure-term plans for financial security

Business BureauBusiness

Bandhan Life Insurance is making life coverage more accessible with its pure-term insurance plans, which are designed to provide maximum protection at affordable premiums. These plans focus on delivering essential life cover with flexibility, ensuring that families are financially secure in case of the policyholder’s untimely demise. Akhil Almeida, Head of Marketing at Bandhan Life Insurance, states, "A pure-term plan is a must for every household, especially in today’s uncertain world. It ensures your loved ones are financially secure if anything happens to you." The company offers policy terms ranging from 10 to 30 years, allowing individuals to tailor their…

11 Nov

India’s steel exports record double-digit inflation in October

Priyanka RoyBusiness, News

According to data compiled by the Steel Ministry, India's steel exports in October recorded a double-digit rose of 11 percent over the previous month, indicating better prospects for the sector.Inflation in steel exportsThe country's steel exports rose to 4.4 million tonnes in October from 4 million tonnes in September while imports downgraded, which will help domestic steel companies get better prices for their products in the third quarter, a senior official report.Imports slowed during the month for the 1st time in the current fiscal year, as the government banned poor quality steel coming from countries like Vietnam.Reforms in the domestic…