Business

07 Jan

Seagram’s Royal Stag Packaged Drinking Water partners with Netflix’s Squid Game Season 2

Business BureauBusiness

Seagram’s Royal Stag has collaborated with Netflix's record-breaking series 'Squid Game' for its second season. The collaboration seamlessly integrates Royal Stag's ‘Live It Large’ philosophy, offering audience a larger-than-life experience to be part of the global cultural phenomenon that has captivated millions worldwide. K-dramas have high affinity with the younger generation. Hence, this association allows the brand to play up on culturally relevant youth passion point, dialing up relevance & aspiration. Joydeep Basuroy, General Manager – Marketing at Pernod Ricard India shared, "Royal Stag’s association with Netflix’s Squid Game allows the brand to tap into the young generation’s craze for…

07 Jan

NTPC Green Energy shares inflation on winning 1000 MW power project

Priyanka RoyBusiness, latest

NTPC Green Energy share price rose over one per cent in early trade on January 6 after the company's subsidiary bagged a 1000 MW power project from Uttar Pradesh Power Corporation Limited (UPPCL). At 09:27 am, NTPC Green Energy was quoting at Rs 129.95, up Rs 1.60 or 1.25 percent on the BSE. The company's arm NTPC Renewable Energy (NTPC REL) bagged a 1000 MW capacity at an impressive rate of Rs 2.56/kWh, however, the Letter of Award (LoA) from UPPCL is awaited. The wholly-owned subsidiary has emerged as a successful bidder in the e-reverse auction conducted by UPPCL for…

06 Jan

GNRC-piloted initiative aligned to United Nations Organization’s Sustainable Development

Business BureauBusiness

GNRC Dispur, the first super-specialty hospital in Northeast India, celebrated its 38th anniversary today, reaffirming its unwavering commitment to community care. The event was graced by the presence of Shri Kanak Sen Deka, a senior journalist, intellectual, and Editor-in-Chief of the esteemed Assamese daily Dainik Agradoot, who attended as the Chief Guest. Dr. Nomal Chandra Borah, Founder of the Affordable Health Mission and GNRC Group of Hospitals, highlighted the organization’s diverse initiatives and tireless efforts to make high-quality healthcare accessible to all segments of society. On the auspicious occasion, Mr Kanak Sen Deka unveiled a unique and ground breaking healthcare…

06 Jan

India’s foreign exchange reserves continue to decrease, down 10% from peak

Priyanka RoyBusiness, latest

India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month lowIndia's foreign exchange reserves continue to decline, continuing a three-month long decline. In the week ended December 27, the country's foreign exchange reserves fell by $4.112 billion to $640.279 billion, data from the Reserve Bank of India (RBI) showed.India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month low.The reserves have been declining ever since they touched an all-time high of $704.89 billion in September. Effectively, it is now down by about 10 per cent from the peak.The…

04 Jan

IGL, MGL shares inflation as government asks GAIL and ONGC to give 0.6 mmscmd gas to city gas firms

Priyanka RoyBusiness, latest

Shares of Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL) jumped up to 2.5% on January 3 after the oil ministry asked GAIL and ONGC to give 0.6 mmscmd gas to city gas firms. The circular said gas from new wells and oil-associated gas will not be auctioned but will be allocated proportionately to companies based on volume. The move will reduce city gas distribution firms' dependence on gas from the spot market. IGL will get the highest allocation due to its higher market share. At 10:30 am on January 3, IGL shares were trading 2.5% higher at Rs 437…

03 Jan

Godrej Agrovet launches Pride Hog feed range to enhance pig farming in Northeast India

Business BureauBusiness

Godrej Agrovet Limited has introduced its Pride Hog range, a specialized pig feed designed to enhance pig health, immunity, and growth. The product line, which includes Starter, Grower, and Finisher variants, is aimed at improving farm productivity by providing balanced nutrition at every stage of a pig’s lifecycle. This launch is a significant development for pig farming in Northeast India, where nearly half of the country’s pig population resides. As part of the launch, Godrej Agrovet hosted a roundtable discussion in Guwahati, where experts addressed preventive measures for African Swine Fever (ASF) and shared best practices for farm management. The…

03 Jan

Capital Small Finance Bank’s total deposits gain 12% to ₹8,384 crore in Q3

Priyanka RoyBusiness, latest

Capital Small Finance Bank Limited (CSFB) has recorded a 12% year-on-year (YoY) growth in total deposits for the quarter ended December 31, 2024, reaching ₹8,384 crore. This growth is also accompanied by significant progress in loan disbursements, improved asset quality and strong liquidity metrics. Loan advances up 19.2%: The Bank's gross advances reached ₹6,816 crore, registering a growth of 19.2% year-on-year (YoY). Around 99.8% of the portfolio remains secured. Asset quality remains strong: CSFB demonstrated improved asset quality, with the gross non-performing asset (NPA) ratio declining to 2.67% from 2.97% in the same quarter last year. Deposits grew to ₹8,384…

02 Jan

Air India Express expands network; adds Phuket and Dibrugarh to its routes

Business BureauBusiness

Air India Express is broadening its footprint with the introduction of direct flights between Hyderabad and Phuket, Thailand, starting January 31, 2025. The service will initially operate three times a week, increasing to daily flights by February 15. Special inaugural fares are available, starting from ₹10,500, with additional discounts for loyalty members on the airline's website and mobile app. In a significant domestic move, Dibrugarh, Assam, has been added to the airline’s network. Starting February 1, 2025, Air India Express will operate direct flights from Dibrugarh to Guwahati, with onward connectivity to Delhi. This new route is poised to benefit…

02 Jan

Eicher Motors shares inflation over 6% as the company reported a 25% rise in motorcycle sales in Decembe

Priyanka RoyBusiness, latest

Shares of Royal Enfield maker Eicher Motors rose over 6% on January 2 after the company reported a 25% rise in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales rose 25% to 79,466 units in December as against 63,387 units in the same period a year ago. The company's international business also performed better, rising 90% to 11,575 units. At 11:50 am on January 2, Eicher Motors shares were trading over 6% higher at Rs 5,199.5 per share. The stock has a market capitalisation of Rs 1.43 lakh crore. B Govindarajan, CEO,…

31 Dec

RVNL shares upsurge 8% on bagging two projects worth Rs 541 crore

Priyanka RoyBusiness, latest

Shares of Rail Vikas Nigam Limited rallied nearly eight per cent in the morning session on the last trading day of 2024. The railway firm was declared the lowest bidder for the two projects. As a result, RVNL shares snapped a nine-session losing streak. At 11.50 am, the stock was at Rs 427.4 on the NSE, up 4.7 percent from its previous session closing price. First, RVNL won a Rs 137-crore project from the Central Railway. RVNL has 24 months to complete the project. The railway firm will undertake design, supply, construction, testing and commissioning of 132/55 kV traction substations,…