Business

07 Sep

Wockhardt shares downturn 5% amid conflict of interest allegations

Priyanka RoyBusiness, latest

New Delhi, Sep 6 (Language) Shares of Wockhardt Ltd fell 5 per cent on Friday and reached the lower circuit limit after Congress leveled fresh allegations of conflict of interest against the SEBI chief linked to the pharmaceutical company.Making further allegations of conflict of interest against Sebi Chairperson Madhabi Buch, Congress on Friday claimed that she received rental income from an entity affiliated with a company which the capital markets regulator is probing for various matters including insider trading.Congress media and publicity department head Pawan Khera said that between 2018 and 2024, Butch – as a full-time member and later…

06 Sep

Crisil says food costs drop in August due to tomato, broiler chicken prices

Priyanka RoyBusiness, latest

New Delhi: Rating agency CRISIL said in a report released on Friday that the price of home-cooked food or thali declined in August due to low prices of tomatoes and broiler chicken.Vegetarian food prices fell 8% year-on-year (YoY) and 4% month-on-month (MoM) to ₹31.20 in August, while non-vegetarian food prices fell 12% year-on-year and 3% YoY. A sharp decline was observed. , As per the report, MoM has reduced the cost to ₹59.30.In comparison, in August last year, the price of a vegetarian thali was ₹34 and that of a non-vegetarian thali was ₹67.50. By July 2024, the prices had…

06 Sep

For Vehicle Finance facilities Bandhan Bank partners with Ashok Leyland

Business BureauBusiness

Bandhan Bank has announced a strategic partnership with Ashok Leyland, a leading commercial vehicle manufacturer, to provide customized vehicle financing solutions for customers. The Memorandum of Understanding (MoU) was signed by Rajinder Babbar, Executive Director & Chief Business Officer of Bandhan Bank, and K.M. Balaji, CFO of Ashok Leyland, in the presence of Sanjeev Kumar, President of M&HCV, Ashok Leyland. This collaboration will enable Bandhan Bank to offer end-to-end financial solutions, including tailored vehicle loans with flexible repayment options, aimed at supporting Ashok Leyland customers. Both organizations aim to expand their market reach through this initiative. "This partnership reflects our…

05 Sep

SMFG India Credit celebrates 1000th branch milestone with special cover & my stamp launch

Business BureauBusiness

SMFG India Credit Co. Ltd. proudly opened its 1000th branch in Vashi, Navi Mumbai. This milestone, marking the company’s relentless growth, was celebrated with the launch of a Special Cover & My Stamp in collaboration with India Post. The event saw the presence of key dignitaries including Mr. YAGI Koji, Consul-General of Japan in Mumbai, and Mr. Abhijeet Bansode, Director - Postal Services (HQ) Maharashtra Circle, alongside SMFG India Credit’s CEO & MD, Mr. Shantanu Mitra. The company’s journey from its inception in 2007 to this landmark moment reflects its deep commitment to serving underpenetrated markets. With nearly 300 branches…

05 Sep

World Bank upgrade India’s FY25 GDP forecast to 7% from 6.6%

Priyanka RoyBusiness, latest

The World Bank has revised its growth forecast for India, raising it to 7% for fiscal year 2024-25, up from its earlier estimate of 6.6%. The adjustment reflects the strong performance of the Indian economy, which was the fastest growing major economy with a growth rate of 8.2% in FY24.Looking ahead, the World Bank apprehend India's medium-term outlook to remain positive, with strong inflation projected for FY26 and FY27. Koume highlighted the importance of diversifying India's export basket and leveraging global value chains to achieve $1 trillion merchandise exports by 2030."India needs to diversify its export basket and leverage global…

04 Sep

Paint stocks gain 6% on falling crude prices; Asian Paints reaches 8 month high

Priyanka RoyBusiness, latest

Indian paint stocks rose today despite major indices trading in negative territory due to weak global cues. The rise in paint stocks came after a sharp fall in crude oil prices during Tuesday's session, driven by concerns over weak demand.Shares of Indigo Paints jumped 6 percent, reaching their highest level since late July. Asian Paints also rose 3 percent to an eight-month high. Berger Paints (India) stock rose 2.6 per cent to ₹591.80 per share, while Kansai Nerolac Paints and Akzo Nobel India gained 2.5 per cent and 1.1 per cent, respectively.Similarly, Shalimar Paints ended two-day losing streak with a…

03 Sep

Tata Motors today proudly launched the Tata Curve an SUV Coupe at Bimal Cars in Lakhra Guwahati

Business BureauBusiness

India's leading automotive manufacturer, Tata Motors, today proudly launched the Tata Curve, an SUV Coupe at Bimal Cars in Lakhra Guwahati. The event was graced by the presence of CMD Ratan Lal Sarawgi, MD Bimal Sarawgi, CEO Arihant Sarawgi, CEO Anurag Sarawgi, GM Dipankar Das, Senior Manager Prakhyat Baruah and Senior Manager Rishi Khemka. Marking a big milestone for the Company and entering the fastest growing mid-SUV segment with ICE options in an innovative and disruptive body style, Tata Motors has launched the Curvv in three engines options, all provided with an Advanced Dual Clutch Automatic Transmission. With the powerful…

03 Sep

From print to screen: How Moonjyoti Saikia transformed Assam’s media industry

Business BureauBusiness

The media industry is one of the most challenging businesses to succeed in. It's a field full of challenges, Where generating revenue and meeting return on investment (ROI) is challenging and staying profitable is tough. This profession is not easy, especially when it involves learning an entirely new set of skills. To achieve success, one must work hard and make many sacrifices. Over time, experience and expertise grow, and those who persevere often become leaders and inspirations for future generations. Assam has its share of such successful individuals, and one of them is Moonjyoti Saikia. Moonjyoti Saikia has been the…

03 Sep

Toyota and Union Bank launch innovative financing solutions: A major leap in accessible vehicle ownership

Business BureauBusiness

Toyota Kirloskar Motor (TKM) and Union Bank of India have announced a groundbreaking partnership that promises to revolutionize vehicle financing across India. This dynamic collaboration introduces up to 90% financing on the on-road price of Toyota vehicles for private use, removing traditional barriers such as foreclosure or part-payment charges. The new financing initiatives, including the Union Vehicle Scheme and the Union Parivahan Scheme, are designed to enhance accessibility and affordability. The Union Vehicle Scheme offers flexible tenures up to 84 months with competitive interest rates starting at 8.80% per annum, while the Union Parivahan Scheme provides financing options for commercial…

03 Sep

LPG price hike: OMC upsurge the prices of commercial LPG cylinder by Rs 39 from September 1. The current price in Delhi is Rs 1,691

Priyanka RoyBusiness, latest

Oil marketing companies (OMCs) have increased the price of 19 kg commercial LPG cylinder by Rs 39 from September 1. After this hike, the retail price of a 19 kg commercial LPG cylinder in Delhi is now Rs 1,691.50.The sudden inflation in LPG prices is likely to impact businesses across sectors ranging from restaurants and hotels to small-scale industries as consumers grapple with increasing costs.Earlier, OMC had reduced commercial LPG gas cylinder prices by Rs 30 on July 1 to provide relief to businesses and commercial establishments. Due to this cut, the retail price of 19 kg commercial LPG cylinder…