Business

11 May

IIP growth slows marginally to 4.9% in March; rises rate 5.8% in FY24: Government data

Priyanka RoyBusiness, Economy

India's industrial output growth slowed marginally to 4.9% in March 2024 mainly due to poor performance by the mining sector, according to official data released on Friday.Factory output growth, measured in terms of the Index of Industrial Production (IIP), stood at 5.6% in February 2024. However, in March 2023 it was 1.9%.For fiscal year 2023-24, IIP growth reached 5.8 percent as against 5.2% in the previous fiscal year. India's index of industrial production grew by 4.9% in March 2024, according to a statement by the Ministry of Statistics and Program Implementation.According to the latest data, mining output growth slowed to…

10 May

Bank of Baroda’s Q4 profit growth marginally to Rs 4,886 Crore

Priyanka RoyBusiness, Economy

On Friday State-owned Bank of Baroda reported: a marginal 2.3% grow in net profit to Rs 4,886 Crore for the Q4 ending March 2024.A year before, the bank had earned a net profit of Rs 4,775 Crore in the January-March quarter. Total income during the quarter under review increased to Rs 33,775 Crore from Rs 29,323 Crore in the same period last year, BoB said in a regulatory filing.Interest income increase to Rs 29,583 Crore during the latest 3 month period from Rs 25,857 Crore in the same quarter a year ago.In terms of asset quality, the bank's gross non-performing…

10 May

Mamaearth’s latest campaign showcases the beauty of glass-like skin with its Rice Facewash

Business CorrespondentBUSINESS

Mamaearth, known for its natural personal care products, has launched a new digital campaign focusing mainly on its Mamaearth Rice Facewash. The campaign focuses on celebrating the beauty of glass-like skin and highlights the product’s connection to the traditional Korean beauty practice of using rice water for skincare. The campaign clip unfolds in an office setting after hours, where a young Korean intern admires a colleague’s radiant skin. Being fascinated by her glowing skin, she asks about the secret, leading to the revelation of Mamaearth Rice Facewash as a simplified alternative to traditional rice water skincare routines. The film reveals…

09 May

‘Kooki’ shines light on human resilience amidst tragedy

Business BureauBusiness

Critically acclaimed Hindi film Kooki is all set to release nationally on 28th of June 2024, the film has touched a sensitive topic and narrating a journey of a rape victim. Directed by Pranab J Deka , the movie revolves around the multiple stages and mental trauma a victim goes through. Driven by a collective desire to amplify voices and illuminate unseen narratives, the decision to produce "Kooki" in Hindi represents a bold step for the Assamese film industry. For Dr. Junmoni Devi Khound, the passionate producer behind the project, the film serves as a beacon of hope, aiming to…

09 May

Kushal’s Fashion Jewellery Unveils First Store In Guwahati with Famed Actress Barsha Rani Bishaya

Business CorrespondentBusinessBusiness

Kushal’s, India’s leading fashion and silver jewellery brand, announced the grand opening of its 1st store in Guwahati, Assam. This exclusive event, graced by the presence of Barsha Rani Bishaya, popular actress in Assamese cinema, marked a significant milestone for the brand's journey. Her star-studded charm, coupled with her acclaimed performances in movies and TV shows, added a touch of glamour to the event, making it a memorable affair. Located in the bustling heart of the city, the brand’s latest store at GS Road, sprawling over 1300 sq feet, is a haven for fashion enthusiasts. Offering a unique shopping experience,…

09 May

Tata Power Q4 results: Net profit increase 11% to Rs 1,046 Crore due to higher profits

Priyanka RoyBusiness, Economy

New Delhi: Tata Power on Wednesday reported 11% rise in its consolidated net profit in the March quarter to Rs 1,046 Crore compared to last year mainly due to higher profits. BSE filings showed consolidated profit stood at Rs 939 Crore for the quarter ending March 31, 2023. The company's total income in the quarter increased to Rs 16.464 Crore from Rs 13,325 Crore in the year-ago period. Consolidated net profit in fiscal 2023-24 rose to record Rs 4,280 Crore from Rs 3,810 Crore in the year-ago period, the company said in a statement. Total income will increase from Rs…

08 May

Gold rate today: Price of 22 carat, 24 carat gold downfall

Priyanka RoyBusiness, Economy

Gold Price Today: Gold futures for June expiry on MCX closed 0.09 per cent or Rs 137 lower at Rs 71,083.00 per 10 gram on Wednesday (May 8), while silver futures for July expiry on MCX closed 0.11 per cent lower. Together it came to 82,783.00.According to PTI, analysts have attributed the fall in gold prices to weak global cues and profit-booking at higher levels.According to Good Returns, “gold prices declined by Rs 10 to Rs 6,625 per gram for 22 carat gold and Rs 7,227 per gram for 24-carat gold”.Check gold price in major cities:New Delhi: Today's gold price…

08 May

Coca-Cola India and Hockey India have partnered for the first time

Business BureauBusiness

Anandana, The Coca-Cola India Foundation announces its first ever partnership with Hockey India for the National Women's Hockey League 2024. The 1st Phase of the tournament, starting on 30th April and ending on 9th May 2024, promises an exciting showcase of talent and skill in Ranchi, Jharkhand. The National Women's Hockey League features teams that achieved top-eight positions in Pune's 14th Hockey India Senior Women National Championship 2024. The participating athletes represent various states including Haryana, Maharashtra, Jharkhand, Madhya Pradesh, Bengal, Mizoram, Manipur, and Odisha. In line with Coca-Cola India’s commitment to sports, the three-year collaboration underscores its role in…

08 May

Tata Motors commemorates the delivery of its 9,000,00th car from its Lucknow facility

Business BureauBusiness

Tata Motors, India's largest commercial vehicle manufacturer, has successfully completed its 9,00,000th vehicle rollout from its Lucknow facility. The celebration included a flag-off ceremony in the presence of Mr. Durga Shanker Mishra, Chief Secretary, Government of Uttar Pradesh, and senior delegates from Tata Motors, at the facility. Spread across 600 acres, the Lucknow facility stands as a testament to Tata Motors' commitment to sustainable manufacturing practices, with it being recognized as a water-positive plant by the Confederation of Indian Industry (CII). The facility houses a 6MW solar power plant, significantly reducing its carbon footprint. The facility augments ultra-modern vehicle manufacturing…

08 May

Toyota launches enhanced Innova Crysta GX+ Grade, revolutionizes comfort and performance

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has once again redefined the standards of luxury and performance with the introduction of the new grade, GX+, in its iconic Innova Crysta lineup. Aimed at providing an elevated driving experience, the Innova Crysta GX+ comes packed with a plethora of advanced features and enhancements, reflecting TKM's unwavering commitment to customer satisfaction. Setting a new benchmark in its class, the Innova Crysta GX+ is powered by a robust 2.4L Diesel Engine paired with a 5-speed Manual Transmission, offering both Eco and Power drive modes for enhanced efficiency and performance. Boasting a sleek and contemporary exterior design,…