Business

16 Nov

Schneider Electric shares inflation, company reports 26% net profit in Q2

Priyanka RoyBusiness, latest

Schneider Electric share price rose 4.17 per cent to Rs 755.95 per share in Thursday's intraday deals after the company reported a 26 per cent rise in net profit in Q2FY25. The company on Thursday reported a net profit of Rs 54.3 crore in Q2FY25, registering a growth of 26.6 per cent as compared to net profit of Rs 42.9 crore in the same period a year ago. The company's operating revenue for the quarter stood at Rs 599.7 crore in the September quarter of FY25, registering a growth of 21 per cent from Rs 495.8 crore in the previous…

16 Nov

UTI Mutual Fund expands reach with new financial centre in Dibrugarh

Business BureauBusiness

UTI Asset Management Company (UTI AMC), a leader in India’s asset management sector, has announced the opening of a new UTI Financial Centre (UFC) in Dibrugarh. Located at 1st Floor, House of Subhas Chandra Jain, New Market, H S Road, near Hotel East End, this UFC is part of UTI’s expansion drive, adding 19 new centers across South, East, and Northeast India on November 18, 2024. This move aims to bring mutual fund investments closer to investors in smaller cities, or "B30 cities," fostering financial inclusion on a larger scale. Mr. Imtaiyazur Rahman, MD and CEO of UTI AMC, commented,…

16 Nov

UTI Mutual Fund launches financial centre in Aizawl to boost investment accessibility in Mizoram

Business BureauBusiness

UTI Asset Management Company (UTI AMC), a leading force in India’s mutual fund industry, has announced the launch of a new UTI Financial Centre (UFC) in Aizawl at A 57, Zote Bakery, Lower Zarkawt, Chanmari. This center is part of UTI’s larger strategy to establish 19 new UFCs across South, East, and Northeast India by November 18, 2024, aiming to increase financial inclusion and draw investors from B30 cities into the mainstream financial sector. Mr. Imtaiyazur Rahman, UTI AMC’s Managing Director and CEO, expressed the company's dedication to accessibility, stating, “Our expansion is about proximity and seamless access. The rise…

15 Nov

TKM introduces Special Limited Edition of Glanza, Urban Cruiser Taisor & Urban Cruiser Hyrdyer

Business BureauBusiness

Toyota Kirloskar Motor (TKM) is excited to make this year-end memorable for car buyers with the launch of the Special Limited Edition across its popular models—Glanza, Urban Cruiser Taisor, and Urban Cruiser Hyryder. Following the overwhelming response to the recently introduced Festival Limited Editions, the Special Limited-Edition takes Toyota’s commitment towards customer centricity a step further by offering Toyota Genuine Accessory (TGA) packages. Apart from the special limited edition, Toyota is offering exclusive year-end offers above Rs 1 Lac in Toyota Glanza, Urban Cruiser Taisor & Rumion (except CNG models). Awesome consumer benefits will continue up till 31st Dec 2024.…

15 Nov

Suzlon Energy shares inflation 5% after 5-day decline

Priyanka RoyBusiness, latest

Suzlon Energyshares jumped 5% on Thursday and hit an upper circuit of Rs 56.78, snapping a five-day losing streak. The rally in the wind power company's stock is attributed to the optimism prevailing in the market over the company's ongoing efforts to strengthen its position in the renewable energy space.Suzlon's positive momentum is driven by the recent significant order of 1,166 MW of wind power received from NTPC Green Energy. The deal has strengthened Suzlon's order book, which now stands at a record 5.1 GW, driving revenue growth and stability.With a strong order pipeline, Suzlon is well positioned for sustained…

14 Nov

Eicher Motors shares rose over 8% after earnings announcement

Priyanka RoyBusiness, latest

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…