Business

Stay ahead of the curve with the latest business news. Explore breaking developments, market trends, and insightful analyses that shape the world of business. From global markets to innovative startups, our coverage provides a comprehensive view of the business landscape. Stay informed, make smarter decisions – delve into the latest business news for a strategic advantage in today’s dynamic economy.

Ashok Leyland boosts LCV reach with new dealership in Tinsukia
08 Aug

Ashok Leyland boosts LCV reach with new dealership in Tinsukia

Business BureauBusiness
Ashok Leyland, the flagship company of the Hinduja Group and a leading player in the Indian commercial vehicle sector, has opened a new Light Commercial Vehicle (LCV) dealership in Tinsukia, Assam. This marks the fourth LCV dealership in the state, expanding the company's extensive network of over 750 touch points.The new dealership, managed by Bharat Motors, offers a comprehensive 3S (Sales, Service, and Spares) facility located at Loonporia Bypass, Panitola. The facility is equipped with advanced tools, quick service bays, and sophisticated infrastructure aimed at delivering superior customer experience. The dealership will showcase Ashok Leyland's range of LCV products, including…
Read More
Year after year Apollo Tires Q1 results: Net profit falls 24% to ₹302 crore, revenue up 1.5% YoY
08 Aug

Year after year Apollo Tires Q1 results: Net profit falls 24% to ₹302 crore, revenue up 1.5% YoY

Priyanka RoyBusiness, News
Apollo Tires Q1 results: Apollo Tires on Wednesday, August 7 announced its April-June quarter results for the financial year 2024-25 (Q1FY25), reporting a 24 percent decline in net profit at ₹302 crore. While it was ₹397 crore last year. Same period last year. The Chennai-based tire maker's revenue from operations rose 1.4 percent to ₹6,335 crore in the first quarter of the current financial year, compared to ₹6,244 crore in the year-ago period.The company's net profit has declined due to lower sales and increased raw material costs. Apollo Tires' operating performance or EBITDA (earnings before interest, taxes, depreciation and amortization)…
Read More
Veg thali prices inflation 11% in July: Crisil
07 Aug

Veg thali prices inflation 11% in July: Crisil

Priyanka RoyBusiness, News
This was mainly due to the impact of high temperatures on the summer crop in major states like Karnataka and Andhra Pradesh.Chris MI&A Research said prices of representative home-cooked vegetarian and non-vegetarian thalis increased by 11 per cent and 6 per cent, respectively, on a month-on-month basis in July 2024.Crisil said 7 per cent of the 11 per cent increase in the price of vegetarian thali could be attributed only to tomato prices, which have increased by 55 per cent from Rs 42 per kg in June to Rs 66 per kg in July. , this was mainly due to…
Read More
Flipkart’s #FlipTrends 2024: A journey through India’s shopping heartbeat
07 Aug

Flipkart’s #FlipTrends 2024: A journey through India’s shopping heartbeat

Business BureauBusiness
Flipkart’s H1 2024 #FlipTrends report takes us on an insightful journey into the shopping habits of millions across India. This year, the pulse of Indian consumers beats with a blend of high-tech enthusiasm and heartfelt nostalgia, reflecting the vibrant and evolving tapestry of their preferences. The tech-savvy nation is buzzing with excitement over smartwatches and TWS earphones, showing how technology has become an integral part of daily life. Meanwhile, a return to simpler pleasures is evident, as pickles and chutneys, once staples of traditional cuisine, now see a remarkable 90% increase in demand. Fashion reflects this duality, with vacation wear…
Read More
Byatikram MASDO’s 3rd Women Conclave: A celebration of women’s triumphs and aspirations
06 Aug

Byatikram MASDO’s 3rd Women Conclave: A celebration of women’s triumphs and aspirations

Business BureauBusiness
On August 10, Hotel Vivanta in Guwahati will transform into a vibrant hub of inspiration and empowerment as Byatikram MASDO presents its 3rd Women Conclave 2024. This prestigious event promises to be a milestone in celebrating and advancing women's achievements and entrepreneurial pursuits. The press conference unveiled a stellar lineup of participants, including Dr. Saumen Bharatiya, President of Byatikram MASDO; Ms. Chinu Kishore, Global Social and Cultural Representative; RJ Aliya from 92.7 Big FM; Anushka Lekharu, Femina Miss India World 2023 finalist; and acclaimed Sattriya dancer Annanya Mahanta. The day-long conclave will offer a dynamic platform for networking, learning, and…
Read More
Bharti Airtel Q1 results: Cons PAT upsurge 158% YoY to Rs 4,160 crore, ARPU at Rs 211
06 Aug

Bharti Airtel Q1 results: Cons PAT upsurge 158% YoY to Rs 4,160 crore, ARPU at Rs 211

Priyanka RoyBusiness, News
Leading telecom company Bharti Airtel on Monday reported a 158% year-on-year rise in its consolidated net profit at Rs 4,160 crore for the first quarter ending June 30, 2024. Profit beat Street calculation by a wide margin.In an ET Now poll, it was estimated that the profit would be around Rs 3,661 crore. Revenue from operations grew 3% year-on-year to Rs 38,506 crore in the period under review, slightly below the poll estimate of Rs 38,523 crore.The company had reported a profit of Rs 1,612 crore and revenue of Rs 37,440 crore in the first quarter of the last financial…
Read More
International collaboration key to tackling illicit trade, says PMI Official
05 Aug

International collaboration key to tackling illicit trade, says PMI Official

Business BureauBusiness
In a powerful address at the Asia Security: Anti-counterfeiting, Trademark, and Brand Protection conference, Rodney Van Dooren, Head of Illicit Trade Prevention at Philip Morris International (PMI), emphasized the critical role of international collaboration in combating illicit trade. The conference, held on July 23-24 in Delhi, brought together brand owners, regulators, law enforcement, and policymakers to discuss strategies against illicit trade and counterfeiting. Van Dooren stressed that prohibition alone is insufficient and that robust regulation and enforcement are essential. "Approximately 12% of global cigarette consumption is illicit, costing governments $40.5 billion in lost taxes," he noted. In India, nearly one…
Read More
Toyota reopens bookings for community-favorite Innova Hycross ZX & ZX (O) models
05 Aug

Toyota reopens bookings for community-favorite Innova Hycross ZX & ZX (O) models

Business BureauBusiness
Toyota Kirloskar Motor (TKM) is delighted to announce the reopening of bookings for the Innova Hycross ZX and ZX (O) models starting August 1, 2024. Launched in November 2022, the Innova Hycross has quickly become a beloved vehicle, admired for its SUV elegance combined with MPV spaciousness. Available in self-charging strong hybrid electric (SHEV) and gasoline variants, this model is celebrated for its advanced technology, comfort, and safety features. The temporary pause in bookings for these top-end models was due to unprecedented demand. Now, with improved supply chains and shorter waiting periods, TKM is ready to meet the high community…
Read More
3201 edition of Bajaj Chetak scooter is going to hit the Indian market on August 5
05 Aug

3201 edition of Bajaj Chetak scooter is going to hit the Indian market on August 5

Banasree SarkarBusiness
Bajaj Chetak 3201: Bajaj Chetak electric scooters have taken over the Indian market in no time. This scooter has received a great response among scooter lovers in India. And this time Bajaj Motors has launched a special edition of their Chetak scooter (Bajaj Chetak Special Edition) in the market. Based on the company's other standard scooters (Bajaj Scooters), this new edition has been launched. The sale of this new edition scooter is going to start tomorrow, i.e., 5th August, all over the country. This scooter can also be bought from Amazon:The 3201 edition of the Bajaj Chetak scooter is going…
Read More
SBI Q1 results: PAT upgrade marginally YoY to Rs 17,035 crore, better than estimates
03 Aug

SBI Q1 results: PAT upgrade marginally YoY to Rs 17,035 crore, better than estimates

Priyanka RoyBusiness, News
Public sector lender State Bank of India (SBI) on Saturday reported a net profit of Rs 17,035 crore for the quarter ended June 30, 2024, up 0.9% from Rs 16,884.29 crore reported by the company in the year-ago period. is more. was excessive.This was higher than the Street's estimate of Rs 16,786 crore.Interest earned during the reported quarter was Rs 1,11,526 crore, which was 16% higher than Rs 95,975 crore reported by the lender in the corresponding quarter of the previous financial year.Interest spent by the bank in the April-June quarter stood at Rs 70,401 crore as against Rs 57,041…
Read More