Business

21 Jan

Despite the ceasefire, tensions continue between Israel and Hamas

Deepinternational

On January 20, 2025, a ceasefire between Israel and Hamas took effect, leading to the release of hostages and the delivery of humanitarian aid to Gaza. Three Israeli women, including British-Israeli dual national Emily Damari, were freed after 471 days in captivity. Concurrently, Israel released 90 Palestinian prisoners. The ceasefire has allowed for an influx of aid into Gaza, with 915 trucks delivering essential supplies. Despite the truce, tensions persist, exemplified by Israeli settlers attacking Palestinian villages in the West Bank, resulting in property damage and injuries. The international community continues to monitor the situation closely.

21 Jan

Airtel and Bajaj Finance announce partnership to transform India’s digital financial landscape

Business BureauBusiness

Bharti Airtel and Bajaj Finance have entered into a strategic partnership to build one of India’s largest digital platforms for financial services, aiming to provide seamless and inclusive access to financial products for millions of customers. With Airtel’s 375 million customer base and Bajaj Finance’s diverse portfolio of 27 financial products, the collaboration is set to revolutionize the delivery of financial services across the country. As part of the partnership, Airtel will offer Bajaj Finance’s retail financial products via its Airtel Thanks App and through its nationwide network of stores. Customers will have access to key products such as Personal…

20 Jan

Havells India shares inflation despite marginal drop in third quarter net profit

Priyanka RoyBusiness, News

Havells India Ltd shares jumped on January 20 despite the company reporting a marginal drop in net profit in the December quarter. The home appliance maker's profit fell to Rs 283 crore from Rs 288 crore a year ago in the quarter ended December 31. Havells' revenue from operations rose nearly 11% to Rs 4,883 crore, while total expenses rose 12.3% to Rs 4,564 crore. Havells India shares were trading 1.5% higher at Rs 1,598 per share at 1:35 pm on January 20. This performance reflected strong demand from its switchgear project business, but it suffered inventory de-stocking in wires…

18 Jan

Royal Stag BoomBox 2025: Setting the Stage for the Future of Music and Entertainment in India

Business BureauBusiness

Seagram’s Royal Stag BoomBox is back for its third edition, combining the timeless melodies of Bollywood with contemporary hip-hop beats. Produced by Mirchi, the immersive music festival unveiled its lineup at a media preview in Mumbai on January 14, showcasing a unique cultural fusion that embodies the brand's 'Living it Large' philosophy. The festival will tour four major youth hubs - Hyderabad, Mumbai, Gurugram, and Guwahati - featuring headline acts and interactive experiences. Previous editions attracted nearly 100,000 attendees and garnered over 200 million views online. This year, the event introduces a gaming element in collaboration with Ampverse DMI Pulse,…

18 Jan

Havells shares jump, company’s Q3 revenue upsurge 10% to Rs 4,889 crore

Priyanka RoyBusiness, News

Havells India shares jumped 1.08% on January 17 after the company announced its Q3 results on January 16. The company's revenue from operations grew 10% to Rs 4,888.98 crore in Q3 FY25 as against Rs 4,413.86 crore in Q3 FY24. The shares opened 0.79% lower at Rs 1,544.95 and later recovered from the losses by hitting an intraday high of Rs 1,617.95 in the early morning hours of January 17. The stock later pared some gains and traded at Rs 1,574.15. Though the company reported a rise in revenue, its net profit declined to Rs 278 crore in Q3 FY25.…

17 Jan

Infosys reports 11.4% inflation in October-December quarter

Priyanka RoyBusiness, News

The company's revenue grew 7.6 per cent to Rs 41,764 crore in the third quarter as against Rs 38,821 crore in the same quarter last year.India's second-largest IT services firm Infosys Ltd on Thursday reported an 11.4 per cent rise in net profit for the December quarter (Q3) of FY25 at Rs 6,806 crore as against Rs 6,106 crore in the same quarter last year.The company's revenue grew 7.6 per cent to Rs 41,764 crore in the third quarter as against Rs 38,821 crore in the same quarter last year.Infosys has raised its constant currency (CC) revenue growth guidance for…

16 Jan

Wholesale inflation upgrade to 2.37% in December

Priyanka RoyBusiness, News

India's wholesale inflation rose in December, led by a surge in prices of various commodities. The wholesale price index rose 2.37% in December, compared to 1.89% in November, according to data released by the Ministry of Commerce and Industry on Tuesday. On a sequential basis, the index declined 0.38%, compared to a 0.5% decline in the previous month. Global commodity prices have risen slightly so far in January 2025 compared to December 2024. ICRA Chief Economist Aditi Nayar said the average price of the Indian basket of crude oil rose 5.8% month-on-month during January 1-13, 2025, especially amid tighter US…

15 Jan

Trent shares increase nearly 5% after Elara Securities assigns ‘buy’ rating

Priyanka RoyBusiness, News

Trent shares rose 4.89 percent to Rs 6,519 per share on January 15 after Elara Securities recommended a "buy" on the stock.Elara Securities has initiated coverage on Trent with a "buy" rating and a target price of Rs 8,500. The brokerage expects Trent to maintain industry-leading metrics due to differentiated product offerings, strong hold on processes and complete reliance on private labels.Trent's fashion portfolio consistently outperforms its peers in key parameters such as store size, revenue per sq ft/per store and EBITDA margin, as well as leading in headline growth.This outperformance is expected to be sustained by a firm focus…

15 Jan

India to Promote Textiles Amid Bangladesh’s Export Challenges

DeepBusiness

India plans to bolster its textile and garment industry in the forthcoming budget, aiming to capitalize on disruptions in Bangladesh's exports due to political instability. The government is considering financial support, tariff reductions, and incentives to enhance local production. This initiative seeks to attract international buyers, particularly from the U.S., who are seeking alternative suppliers. The textile sector, employing around 45 million people, may see a 10%-15% budget increase for the textile ministry and expanded production-linked incentives. Additionally, tariff cuts on raw materials and machinery are under consideration. Recent data indicates that while Bangladesh's garment exports to the U.S. declined…

14 Jan

Adani Group stocks surge as Adani Power upgrade over 19%

Priyanka RoyBusiness, News

New Delhi: Adani Group stocks witnessed a significant surge on Tuesday, with Adani Power recovering from the previous day's fall to surge as much as 19.29%. Other stocks in the group that also registered gains included Adani Green Energy, which rose 14.54%, Adani Energy Solutions (14.38%), Adani Total Gas (13%), and NDTV (12.50%) on the Bombay Stock Exchange (BSE). Shares of Adani Enterprises rose 8.91%, Adani Ports surged 6%, Ambuja Cements rose 4.79%, ACC rose 4.50%, Sanghi Industries rose 4.22%, and Adani Wilmar gained 3%. All Adani Group stocks ended weak in Monday's trade following a weak trend in equities.…