Business

12 Apr

Luxury Banking Made Easy: Bandhan Bank Introduces Elite Plus Savings Account

Business BureauBusiness

Bandhan Bank has rolled out its latest premium banking offering, the Elite Plus Savings Account, aimed at delivering an upgraded experience to its affluent customer base. The account offers a wide array of exclusive benefits including free movie tickets worth ₹750 per month, complimentary airport lounge access, golf sessions, unlimited free transactions, and accelerated reward points. The Elite Plus Savings Account was officially launched by Bandhan Bank MD & CEO Partha Pratim Sengupta, joined by ED & CBO Rajinder Kumar Babbar and ED & COO Ratan Kumar Kesh. Cricket legend Sourav Ganguly was among the first to open the new…

12 Apr

Shri Sarbananda Sonowal inaugurates infrastructure development projects across six campuses of IMU

Business BureauBusiness

Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal on Tuesday laid the foundation stone for a girls’ hostel at the Indian Maritime University (IMU) Kochi campus and virtually inaugurated infrastructure projects across six IMU campuses, marking a major push towards modernizing maritime education in India. The total estimated cost of these 17 projects is ₹67.77 crore. The newly announced girls’ hostel in Kochi, to be developed at ₹13.11 crore, aims to enhance accommodation facilities for female maritime students. The Minister also unveiled a series of upgrades across IMU campuses in Chennai, Kolkata, Navi Mumbai, Mumbai Port, and Visakhapatnam, which…

12 Apr

IIFL Finance raises up to Rs. 500 crores through bonds, coupon Up to 10.25% Per Annum

Business BureauBusiness

IIFL Finance Limited, a leading NBFC, announced a public issue of secured, redeemable non-convertible debentures (NCDs) to raise up to ₹500 crore, with an attractive coupon of up to 10.25% per annum. The issue opens on April 7 and closes on April 23, 2025, with an option for early closure. Proceeds will be used for onward lending, financing, and general corporate purposes. The NCDs are rated “Crisil AA/Stable” and “[ICRA] AA (Stable),” signifying high safety and low credit risk. Investors can choose from tenors of 15, 24, 36, and 60 months, with monthly, annual, or cumulative interest payment options. The…

12 Apr

India’s vegetable oil imports drop 16% in March

Priyanka RoyBusiness, News

New Delhi, India's vegetable oil imports fell 16 percent to 9.98 lakh tonnes in March due to a sharp drop in crude sunflower oil shipments, according to industry data.In a statement on Friday, the Solvent Extractors Association of India (SEA) said imports of vegetable oils (edible and non-edible) declined to 9,98,344 tonnes in March 2025 from 11,82,152 tonnes in the same month last year.Edible oil imports declined to 9,70,602 tonnes in March 2025 from 11,49,681 tonnes in the same period a year ago. Imports of crude sunflower oil declined to 1,90,645 tonnes last month from 4,45,723 tonnes in March 2024.Arrivals…

11 Apr

Silver futures jump by Rs 1,216 to Rs 92,811 per kg

Priyanka RoyBusiness, News

New Delhi, Apr 11: Silver prices rose by Rs 1,216 to Rs 92,811 per kg in futures trade on Friday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 1,216, or 1.33 percent, to Rs 92,811 per kg in a business turnover of 19,617 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 1.99 percent higher at $31.37 an ounce in New York.

10 Apr

IDBI Bank shares gain after DIPAM secretary says divestment progress is on track

Priyanka RoyBusiness, News

DIPAM secretary Arunish Chawla said the long-awaited IDBI Bank divestment by the government is progressing rapidly, with several key steps being taken. IDBI Bank shares rallied over 3 per cent on April 9. Speaking to CNBC-TV18 earlier this week, Chawla described the 'multi-stage' process as 'quite complex' involving multiple work-streams running in parallel. "The virtual data room is active, all queries are being answered, we are negotiating the shareholders' agreement, and we have already appointed an asset valuer," Chawla said, adding, "Everything is moving like a parallel computer." The DIPAM secretary refrained from giving any specific timelines, but indicated that…

09 Apr

Redefining the SUV Experience: Urban Cruiser Hyryder’s Latest Upgrades

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has rolled out a strategic upgrade to its Urban Cruiser Hyryder, reflecting a broader push to consolidate its position in India’s rapidly expanding hybrid SUV segment. With over 1 lakh units sold since launch, the Hyryder’s latest enhancements are designed to cater to evolving consumer expectations and intensify competition in the mid-size SUV market. The updated model features structural safety upgrades, six airbags as standard, and a new 6-speed automatic transmission in the AWD variant. Comfort and tech enhancements—such as ventilated front seats, 8-way power driver seat, ambient lighting, Air Quality Index display, LED reading lamps,…

09 Apr

Adani Group shares rose after huge fall

Priyanka RoyBusiness, News

New Delhi, Shares of all 11 listed companies of Adani Group rose on Tuesday. All these companies remained in a strong position, recovering from the previous day's fall amid improvement in the stock market.Shares of Adani Enterprises rose 3.27 percent, Adani Total Gas 3.27 percent, Adani Energy Solutions 3.23 percent and Ambuja Cements 2.53 percent on BSE.ACC shares rose 2.32 percent, Adani Wilmar 2.24 percent, Adani Ports 1.72 percent, Sanghi Industries 1.62 percent, NDTV 1.06 percent, Adani Power 0.54 percent and Adani Green Energy 0.30 percent.The combined market valuation of all 11 companies stood at Rs 12,18,530 crore. Stock markets…

08 Apr

Gold prices decay for second consecutive session, down ₹1,550 to ₹91,450/10 gram on trade war fears; silver prices fall ₹3,000

Priyanka RoyBusiness, News

Domestic gold prices fell by ₹1,550 to ₹91,450 per 10 gram (24 carat, 99% purity) in the national capital on Monday, falling for the second consecutive session amid continued selling by jewellers and investors amid weak global trends, All India Sarafa Association reported. Gold of 99.5% purity (22 carat) closed at ₹91,000 per 10 gram on Monday, April 7. On Friday, gold prices closed at ₹93,000 per 10 gram (24 carat) and ₹92,550 (22 carat).Silver prices also declined on Monday, continuing its decline for the fifth consecutive session, falling by Rs 3,000 to Rs 92,500 per kg. Silver prices closed…

07 Apr

Byatikram Education Conclave 2.0 catalyzes academic investment and growth potential in Tripura

Business BureauBusiness

The Byatikram Education Conclave 2.0, organized by Byatikram Group in collaboration with The Times of India, has emerged as a significant inflection point in Tripura’s educational and economic trajectory. Held at Hotel Polo Towers, Agartala, the conclave convened top academic institutions including JIS Group, Techno India University, NEPNI, Tripura University, and National Law University Tripura, alongside policymakers and industry leaders, to discuss the future of education and regional development. Chief Guest Shri Animesh Debbarma hailed the initiative as a first-of-its-kind in Tripura, noting its importance in bridging student aspirations with institutional capabilities. Key panel discussions focused on employability, regional placement…