Business

14 Feb

PMI India urges cross-sector collaboration to curb illicit tobacco trade

Business BureauBusiness

On Anti-Smuggling Day 2025, IPM India, the Indian affiliate of Philip Morris International Inc. (PMI), has called for stronger cross-sector and international partnerships to combat the black market tobacco trade. The company underscored that eliminating illicit trade is vital for protecting India’s economy, national security, and public health. The FICCI Cascade report highlights that the global illegal trade drives a shadow economy valued at $2 trillion annually, representing over 3% of global GDP. Additionally, 11.6% of cigarettes consumed worldwide are illicit, resulting in approximately $40.5 billion in tax losses. In India, government revenue losses due to illicit tobacco trade amounted…

14 Feb

Swiggy shares increase after reports of potential commission hike

Priyanka RoyBusiness, News

Swiggy shares jumped as much as 8% in Thursday's trade, according to media reports. According to media reports, about 5,000 merchants will face a 2% hike in the commission they pay to the company. The report indicated that Swiggy is implementing rate adjustments for partner merchants operating under the old commission model. On Thursday, Swiggy shares recorded their best rise in two weeks. However, the stock lost some of its intraday gains, closing at ₹365.50, up 7.1% on the NSE. The food-tech giant had earlier informed select restaurant partners via email that the standardisation would be effective from February 16,…

13 Feb

Ashok Leyland shares gain over 7%, net profit jumps 31% in Q3

Priyanka RoyBusiness, News

Shares of Ashok Leyland, a leading commercial vehicle maker and the Indian flagship of the Hinduja Group, jumped nearly 7% during intraday trade after the company reported its highest ever net profit of ₹762 crore in the December quarter. The company's standalone net profit in the third quarter of the current fiscal year rose 32% year-on-year to ₹762 crore compared to ₹575 crore in the same period last year. The company's net profit in the previous September quarter of 2024 was ₹770 crore. Ashok Leyland's revenue rose to ₹9,479 crore in the quarter under review compared to ₹9,273 crore in…

12 Feb

Sikaar sets a new benchmark for Assamese cinema at RIFF 2025

Business BureauBusiness

Sikaar, the 2024 Assamese action-thriller, has created history at the 11th Rajasthan International Film Festival (RIFF) 2025 by taking home the Best International Film-Directors award. The film, which stars Zubeen Garg, Urmila Mahanta, and Adil Hussain, has received praise for its compelling plot and impressive cinematic production. As the highest-budget Assamese film ever produced, Sikaar, which was directed by Debangkar Borgohain and produced by Sam Bhattacharjee and Mitra Bhattacharya, elevated the local industry to a global level. At the festival in Jodhpur, Debangkar Borgohain received the Best Directed International Film award, marking another milestone for Assamese cinema. Speaking about the…

12 Feb

IRCTC put up a strong performance in the December quarter, reporting a 14 percent gain in net profit

Priyanka RoyBusiness, News

Indian Railway Catering and Tourism Corporation (IRCTC), the catering and ticketing arm of the Indian Railways, reported December quarter earnings on Tuesday. For the quarter under review, the company's standalone net profit stood at Rs 341 crore, up nearly 14 percent from Rs 299.9 crore reported in the same period last year.The topline also rose to Rs 1,224.65 crore, reflecting a growth of nearly 10 percent over the same period last year. In Q3FY24, the state-run entity's revenue from operations stood at Rs 1,115.4 crore.The total expenses of the railway entity also rose during the quarter under review to Rs…

11 Feb

Delhivery shares lapse 5% despite net profit doubling to ₹25 crore in Q3

Priyanka RoyBusiness, News

Delhivery shares fell as much as 5% during trading on Monday, February 10.The company reported its Q3 earnings after the market opened on Friday, February 7.The company's net profit rose 113% to ₹25 crore in the third quarter from ₹11.7 crore last year. Its revenue grew 8.4% to ₹2,378.3 crore. Its revenue was ₹2,194.4 crore in the third quarter of the previous fiscal.The company's earnings before interest, tax, depreciation and amortization (EBITDA) fell 6.2% to ₹102.4 crore as against ₹109.2 crore in the previous fiscal.Its margins stood at 4.3% as against 5% last year.MD and CEO Sahil Barua said, "Profitability…

10 Feb

Amara Raja reports 10% inflation in Q3 revenue to Rs 3,164.02 crore

Priyanka RoyBusiness, News

New Delhi: Energy and mobility leader Amara Raja Energy & Mobility Ltd (ARE&M) on Saturday reported revenue of Rs 3,164.02 crore for the third quarter of the current financial year (FY25), up 27% over the same period last year at Rs 422.16 crore. The company's earnings per share (EPS) grew 23% year-on-year on revenue of Rs 17.04. However, operating margins were impacted due to higher power expenses as a result of fuel and power purchase cost adjustments (FPPCA) approved by the Andhra Pradesh Electricity Regulatory Commission. Amara Raja's automotive and industrial battery businesses have performed strongly, particularly in the aftermarket…

08 Feb

GNRC Hospital Celebrates 18th Foundation Day with Launch of ‘Sparsha’ Membership Scheme”

Business BureauBusiness

GNRC Ltd. a leading healthcare provider in the North East India, observed the 18th foundation of its second facility established to care for the community, at the NEDFi Convention Centre, Guwahati today. To commemorate the occasion, Dr. Nomal Chandra Borah, Founder, Affordable Health Mission and Group of GNRC Hospitals, highlighted “GNRC স্পর্শ (Sparsha) Scheme” is an innovative membership program designed to make quality health care more accessible and affordable for the people of Guwahati at a Price of Rs. 1500/ for membership. The “GNRC স্পর্শ (Sparsha) Scheme” offers a range of benefits, in terms of home visit at regular interval…

08 Feb

Bimal Cars in Lakhra, Guwahati Celebrates Success with Stakeholders’ Meeting

Business BureauBusiness

Tata Motors has successfully sold 7,131 vehicles through Bimal Cars in Lakhra, Guwahati. To mark this achievement, Bimal Cars hosted a meeting with key stakeholders today. The event was attended by the individuals and institutions who contributed to this success, including businesses and officials from the banking sector. Bimal Cars has announced a 50% discount on registration for petrol and diesel vehicles, while offering a 100% discount on registration for electric vehicles. The meeting attended by Bimal Cars Managing Director Bimal Saraogi, CEO Arihant Saraogi and General Manager Deepankar Das. The meeting highlighted the collaborative efforts that have led to…

08 Feb

Bikaji Foods shares plunge 13% after Q3 net profit falls nearly 40% year-on-year; see details

Priyanka RoyBusiness, News

Shares of Bikaji Foods International tumbled as much as 13% during trading on Friday, February 7, after the company announced a sharp drop in profitability for the quarter ended December 2024 (Q3FY25). Shares of the leading snacks maker fell as much as 12.97% to hit an intraday low of ₹638.55 per share on the National Stock Exchange of India Ltd (NSE) on Friday. The stock rallied in six of the last seven sessions and has gained a total of 14% during this period. The stock has now declined 9.6% in the last one month but is still up over 16%…