Business

03 Mar

Mahindra sales jump 15% in February

Priyanka RoyBusiness, News

Mahindra & Mahindra on Saturday said its total sales in February rose 15 per cent year-on-year to 83,702 units.The automaker had sold 72,923 units in February last year.In the utility vehicle segment, the company said it sold 50,420 vehicles in the domestic market, a growth of 19 per cent as compared to 42,401 units in February last year.Exports grew to 3,061 units last month, up 99 per cent from 1,539 units in February 2024. "This strong performance is a result of the continued positive momentum for our SUV portfolio," Mahindra & Mahindra (M&M) Automotive Division President Veejay Nakra said in…

01 Mar

Why Pig Health Matters More Than Ever

Business BureauBusiness

As the world's fourth-largest pork producer, with approximately 9 million pigs, India’s pork industry plays a crucial yet often overlooked role in the nation’s economic landscape. However, as the world celebrates National Pig Day, it serves as an opportunity for reflection on the resilience of India's pig farming community, particularly in the wake of the African Swine Fever (ASF) crisis. The Heavy Economic Toll of ASF The economic consequences of ASF have been severe. Since the disease was first detected in Northeast, the total economic losses in the pig farming industry due to ASF outbreaks from 2020 to 2024 were…

01 Mar

Vodafone Idea gets GST demand order; stock decay over 3%, check full details

Priyanka RoyBusiness, News

Telecom operator Vodafone Idea (VIL) on Friday, February 28, said it has received a ₹16.73 crore Goods and Services Tax (GST) demand order from the Deputy Commissioner, Large Taxpayer Unit, West Bengal. The telco asserted it does not agree with the order and will take appropriate action for filing an appeal against the same. In a BSE filing on details of the order received by the company under the Central Goods and Services Tax Act, 2017, Vodafone Idea informed that the order was received on February 27, 2025. “Order passed under Section 73 of the Central Goods and Services Tax…

28 Feb

Day 3 of ELECRAMA 2025 features a pivotal keynote address by Hon’ble Minister Piyush Goyal

Business BureauBusiness

Union Commerce & Industry Minister Piyush Goyal has called on India’s electrical industry to establish a unified world-class exposition, consolidating major industry-led exhibitions into a single platform. Speaking at ELECRAMA 2025, he emphasized that a large-scale expo would position India as a global hub for electrical and energy solutions, attracting top investors and boosting exports. “Instead of fragmented events, we need one mega-exhibition with 1,500+ exhibitors and 100,000+ visitors, showcasing India’s expertise in power infrastructure, automation, and smart grids to the world,” Goyal stated. The event also saw Vimal Anand, Joint Secretary, Ministry of Commerce & Industry, highlight India’s accelerated…

28 Feb

Sanofi India Q4 revenue, EBITDA jump; ₹117 final dividend recommended

Priyanka RoyBusiness, News

Sanofi India Limited (SIL) reported steady growth in Q4 2024, with revenue growing 9.7% year-on-year (YoY) to ₹514.9 crore, compared to ₹469.2 crore in the same quarter last year. EBITDA grew 18.8% year-on-year to ₹118.3 crore, from ₹99.6 crore. Operating margins also improved to 23%, compared to 21.2% in Q4 2023. However, the company's net profit declined 33.7% to ₹91.3 crore, from ₹137.7 crore a year ago. On the bright side, the board has recommended a final dividend of ₹117 per equity share of ₹10 face value, subject to shareholders' approval at the forthcoming Annual General Meeting. Sanofi India's recent…

27 Feb

Flipkart expands digital footprint in Assam, fuels e-commerce growth

Business BureauBusiness

Flipkart is strengthening Assam’s digital economy by enabling local businesses, MSMEs, and artisans to scale through e-commerce. Participating in the Advantage Assam 2.0 Investment & Infrastructure Summit 2025, the company reaffirmed its commitment to market expansion, logistics enhancement, and digital inclusion in the state. With over 1 lakh sellers from Assam on its platform, Flipkart has reported a 100% year-on-year growth in seller onboarding. The top-selling categories include women’s ethnic wear, grooming products, men’s footwear, kids’ clothing, and home furnishings. Cities such as Guwahati, Jorhat, Goalpara, and Sivasagar are emerging as key e-commerce hubs. To support rising demand, Flipkart has…

27 Feb

Bajaj Allianz Life & ICICI Lombard strengthen insurance awareness in Tripura

Business BureauBusiness

Bajaj Allianz Life Insurance and ICICI Lombard General Insurance are driving financial inclusion in Tripura through targeted insurance awareness initiatives under the State Insurance Plan. The recently concluded fourth State Level Insurance Committee (SLIC) meeting highlighted their efforts in bridging the insurance gap and expanding coverage across the state. SLIC, established to oversee insurance-related activities, is actively implementing IRDAI’s ‘Insurance for All by 2047’ vision. The meeting, attended by Tripura Finance Secretary Apurva Roy, Director (Institutional Finance) Rakhi Biswas, TRLM CEO Ajit Sukla Das, and IRDAI GM A.V. Rao, reaffirmed the insurers’ commitment to financial literacy and insurance accessibility. Anil…

27 Feb

Tata AIA Honours Mizoram’s 38th Statehood Day with Financial Inclusion Pledge

Business BureauBusiness

As Mizoram marks 38 years of statehood, Tata AIA Life Insurance has reaffirmed its commitment to enhancing financial inclusion in the state. Despite Mizoram’s high literacy rate of 92% and a strong economic growth of 10.14% in FY 2022-23, insurance penetration remains low, with only 64,142 policies sold in FY23, generating an annualized premium of ₹269.15 crore. Recognizing this gap, Tata AIA, Mizoram’s designated Lead Insurer, has launched a series of financial awareness initiatives aligned with IRDAI’s vision of “Insurance for All by 2047.” Over the last two years, Tata AIA has reached over 8 lakh people in the state…

27 Feb

Zomato shares will inflation 39% as it builds on accelerated commerce leadership, says Bernstein

Priyanka RoyBusiness, News

Brokerage firm Bernstein on Tuesday, February 25, said it is positive on Zomato and has projected a 39.2% upside on the stock from its previous close price. The brokerage has given Zomato an "outperform" rating and a price target of ₹310 per share, slightly higher than its recent peak of ₹304, thereby marking a 27% downside to Monday's close price. Bernstein said the competitive intensity of instant commerce has been a major point of debate given the ongoing land grab and marketing dollars in Zomato and its peers Swiggy and Zepto. However, unlike the pre-IPO mode, the brokerage believes the…

26 Feb

SMFG India Credit creates history by setting a Guinness World Record

Business BureauBusiness

SMFG India Credit has achieved a Guinness World Record for the Largest Cattle Welfare Lesson (Multiple Venues) with 517 participants across six locations in India. This milestone was part of the company’s 7th edition of PashuVikas Day (PVD)—the country’s largest one-day cattle care camp—held in 500 locations across 16 states, benefiting approximately 1,50,000 cattle and 40,000 cattle owners. Pashu Vikas Day 2025, themed “MeraPashuMeraParivar,” underscored the crucial role of livestock in rural livelihoods. With nearly 70% of India’s rural population dependent on agriculture and related activities, SMFG India Credit’s initiative reinforced its commitment to financial inclusion and rural welfare. Over…