Business

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…

03 Aug

Cherrapunji Eastern Craft Gin strikes Gold at London’s Gin Masters

Business BureauBusiness

Cherrapunji Eastern Craft Gin, an award-winning spirit from Meghalaya, India, has clinched a Gold Medal at the prestigious Gin Masters competition in London. This esteemed event rigorously evaluates gins across various price points and styles, with gold medal winners recognized for their exceptional quality and craftsmanship. This significant achievement places Cherrapunji Eastern Craft Gin among the global elite, alongside renowned brands such as The Botanist Islay Dry Gin, Tanqueray London Dry Gin, and Ki No Bi Kyoto Dry Gin. The gin's distinct flavor, sustainable practices, and unique bottling have earned it international acclaim. “We are honoured to have received six…

02 Aug

Toyota to set up manufacturing plant in Maharashtra

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has signed a Memorandum of Understanding (MOU) with the Government of Maharashtra to explore establishing a Green Field Manufacturing Facility at Chhatrapati Sambhaji Nagar. This follows TKM's recent investment in a third plant in Karnataka, underscoring its commitment to India's automotive sector. The MOU was signed by Dr. Harshadeep Kamble, Principal Secretary (Industries), Government of Maharashtra, and Sudeep Santram Dalvi, Director & Chief Communications Officer of TKM, in the presence of Maharashtra Chief Minister Eknath Shinde, Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, and key TKM executives including MD and CEO Masakazu Yoshimura and Vice…

02 Aug

Yezdi Adventure redefinesadventure motorcycling at Rs. 2,09,900

Business BureauBusiness

Jawa Yezdi Motorcycles has launched the revamped Yezdi Adventure, setting a new benchmark in the adventure biking segment at an accessible Rs. 2,09,900 (ex-showroom Delhi).The new Yezdi Adventure is powered by the advanced Alpha2, 334cc liquid-cooled engine, delivering a robust 29.6PS and 29.9Nm. This engine, paired with a new central exhaust routing, ensures superior thermal management and a smoother riding experience.Designed for adventure, the Yezdi Adventure boasts an integrated main cage with striking new decal panels. Available in four dynamic colours—Glacier White DT, Magnite Maroon DT, Wolf Grey DT, and Tornado Black—the bike's aesthetics are as bold as its performance.With…

02 Aug

Tata Motors Q1 results: Net profit may grew by 8-12%, margin expansion likely

Priyanka RoyBusiness, News

Tata Motors Q1 Earnings: MOFSL expects Tata Motors to report consolidated net profit at Rs 4,107.40 crore, up 8.5 percent YoY, and sales at Rs 1,03,355 crore, up 1.1 percent YoY.Emkay Global said Tata Motors' consolidated net profit may rise 12.3 percent year-on-year to Rs 4,740 crore. The revenue of this brokerage is estimated to increase by 2 percent year-on-year to Rs 1,08,073 crore.Tata Motors Ltd is likely to report 8-12 percent year-on-year (YoY) rise in consolidated net profit for the June quarter due to decline in interest costs. We are seeing 1-3 percent YoY growth in sales and 50-60…

01 Aug

Indus Towers partners with NEAID to improve sanitation facilities for girls

Business BureauBusiness

Indus Towers Limited has launched an initiative to improve sanitation facilities for girls in government schools across seven districts in Assam. In collaboration with the Northeast Centre for Equity Action on Integrated Development (NEAID), the project was inaugurated by Assam's Education Minister, Dr. Ranoj Pegu, at Nartap M.E. School in Kamrup Metro. The initiative, part of Indus Towers' Corporate Social Responsibility program "Pragati," includes the installation of well-equipped and hygienic washrooms in 12 schools across Kamrup Metro, Nagaon, Morigaon, Baksa, Tamulpur, Dhubri, and Bongaigaon. This aligns with the Swachh Bharat Abhiyan, aimed at enhancing sanitation and promoting menstrual hygiene awareness…

01 Aug

Realme launches innovative 13 Pro series 5G, Watch S2 and Buds T310 with exclusive early bird offers

Business BureauBusiness

Realme has announced its latest technological marvels: the realme 13 Pro Series 5G, realme Watch S2, and realme Buds T310, aiming to revolutionize the mid-to-high-end tech market. The 13 Pro Series 5G, featuring the realme 13 Pro+ 5G and realme 13 Pro 5G, stands out with its HYPERIMAGE+ camera system and Monet-inspired design, developed in partnership with the Museum of Fine Arts, Boston (MFA). The realme 13 Pro+ 5G, priced between INR 29,999 and INR 33,999, and the realme 13 Pro 5G, priced between INR 23,999 and INR 28,999, promise exceptional photography experiences with AI-enhanced features. The realme Watch S2,…

01 Aug

Mcap of BSE-listed companies hits all-time progress of Rs 462.38 lakh crore

Priyanka RoyBusiness, News

Reliance Industries, Tata Motors, Infosys, Mahindra & Mahindra, Bajaj Finance and Axis Bank were among the laggards.The market capitalization of BSE-listed companies rose to an all-time high of Rs 462.38 lakh crore on Wednesday, following four days of gains in the benchmark indices.The 30-share BSE Sensex closed 285.94 points or 0.35 percent higher at 81,741.34 - an all-time high.In the last 4 trading sessions, the BSE benchmark increment 408.62 points or 0.50 percent, giving investors rise of over Rs 5.45 lakh crore.Investor wealth rose by Rs 5,45,337.02 crore in the last four days to reach a record high of Rs…

31 Jul

Do you know the price of 10 grams of gold today? Can’t think

Banasree SarkarBusinessgold

The price of gold has decreased a lot in the last few days. After reducing the import duty in the budget, the prices of gold and silver started to decrease. However, on Wednesday, the price of gold increased somewhat. As the price of gold is falling, many people are buying gold at this time. Even Rakhi is buying gold on the occasion of Dhanteras. Yesterday, Tuesday, July 30, the price of 1 kg of silver was Rs 84500. Today, Wednesday, July 31, the price of 1 kg of silver has increased by Rs 86500. 22-carat gold price, village-wise: Yesterday, July…

31 Jul

Abbott and YRGCARE launch innovative centers to combat HIV and infectious diseases

Business BureauBusiness

To curb the spread of HIV and other infectious diseases, Abbott and YRGCARE have inaugurated two pioneering outreach centers in India. The Blue Shed in Delhi’s Yamuna Bazar and an adolescent center in Aizawl aim to transform the lives of over 2,500 people within the next year through holistic care.The Blue Shed, situated in a high-risk area for HIV transmission, offers comprehensive services including testing, treatment, counseling, and social support. This facility features an on-site laboratory to detect known and emerging infectious diseases, crucial for tracking and managing outbreaks. Additionally, it provides links to government-run Opioid Substitution Therapy (OST) and…