Business

07 May

Dr Reddy’s profit after tax growth 36% to Rs 1,307 Crore, revenue Rs 7,083 Crore

Priyanka RoyBusiness, Economy

Dr Reddy's Laboratories on Tuesday reported a 36% rise in its consolidated profit after tax to Rs 1,307 Crore for the quarter ending March 2024 due to strong sales in the US market. The Hyderabad-based drug major had reported a profit after tax of Rs 959 Crore in the January-March quarter of financial year 2022-23. Revenue increased to Rs 7,083 Crore in the period under review from Rs 6,297 Crore in Q4FY13. For the full year ending March 31, 2024, the drug major said its PAT increased to Rs 5,568 Crore compared to Rs 4,507 Crore in financial year 2022-23.…

07 May

Samsung launches advanced power banks to enhance mobile charging experience

Business BureauBusiness

Samsung has introduced two state-of-the-art power banks designed to elevate the mobile charging experience for users. The latest additions to Samsung's product lineup include a 20000mAh power bank equipped with 45W super-fast 2.0 charging technology and a 10000mAh power bank featuring wireless charging capabilities alongside 25W super-fast wired charging, catering to the diverse needs of consumers. Priced competitively at INR 4299, the 45W 20000mAh power bank boasts triple port charging functionality, enabling users to charge multiple devices simultaneously with unparalleled efficiency and convenience. Crafted using premium lithium-ion batteries, Samsung’s 20000mAh power bank ensures compatibility with a wide range of smartphones…

07 May

Arya Erectors India launches ‘Arya Arcade’: A game-changer in Guwahati’s real estate landscape

Business BureauBusiness

In a grand ceremony at the prestigious Vivanta, Guwahati, Arya Erectors India Pvt. Ltd., a leading real estate player under the Arya Group of Companies, proudly announced the launch of their newest venture, 'Arya Arcade'. The event, attended by esteemed dignitaries and stakeholders, marked a pivotal moment in Guwahati's real estate sector. Situated strategically along National Highway 27 in Changsari, near AIIMS Guwahati, 'Arya Arcade' is poised to redefine modern living with its integrated commercial and residential offerings. The project boasts a comprehensive mix of amenities, including a mall, cineplex, business-class hotel, commercial spaces, serviced apartments, and residential units. With…

07 May

Turkish Airlines’ Annual Bowling Tournament Semi-Finals Held in India

Business BureauBusiness

Turkish Airlines recently hosted the semi-finals of its Annual Bowling Tournament in India, further cementing ties with local business partners while igniting the passion for bowling amongst enthusiasts. The semi-finals, held across international hubs, witnessed fierce competition as participants vied for a coveted spot in the Grand Finale set to grace Istanbul from April 26-28, 2024. In New Delhi, the bowling showdown unfolded on April 19th, 2024, at Smaaash, Aria Mall Gurugram. Thirty contenders from ten agency-preferred partners battled it out, with Travel Boutique Online clinching victory with an impressive score of 817. Their triumph secures them a spot in…

07 May

HDFC Bank reappoints Atanu Chakraborty as part – time chairman for 3 years

Business CorrespondentBUSINESS

HDFC Bank Limited announced the re-appointment of Atanu Chakraborty as the part-time chairman of the bank for a period of three years effective from May 5, 2024, to May 4, 2027. The Reserve Bank of India(“RBI”)vide its communication dated May2,2024,has approved the re-appointment of Mr. Atanu Chakraborty as the part time chairman of the bank under Section10B (1A)(i)of the Banking Regulation Act,1949 for a period of three years. Pursuant to the approval by the RBI and based on the recommendation of the Nomination and Remuneration Committee, the board of directors of the bank has approved the reappointment of Atanu Chakraborty…

06 May

Paytm shares recession 5% after resignation of COO Bhavesh Gupta

Priyanka RoyBUSINESS

Shares of Paytm's parent company One97 Communications fell 5% on May 6, Monday. After Bhavesh Gupta, President and Chief Operating Officer of Paytm, resigned from the company. The stock of fintech businesses fell4.99 per cent to Rs351.70 to reach the lower circuit limit on BSE. It fell 5 percent to Rs351.40 on NSE. As a part of his responsibility, Gupta was handling the loan business, online and offline payments and compliance. The RBI ban on Paytm Payments Bank (PPBL) had an adverse impact on the raised he led. Gupta has now come into the part of advisor. Paytm talked that…

06 May

Guwahati’s youth innovators shine bright at Samsung’s ‘Solve for Tomorrow’ event

Business BureauBusiness

Samsung's 'Solve for Tomorrow' event witnessed an extraordinary display of youth innovation as over a hundred students from Guwahati showcased their environmental solutions at IIT Guwahati and the Royal Global University. The event, a national education and innovation competition, attracted enthusiastic participation from young minds committed to addressing pressing global issues. Students, aged 14 to 22, presented diverse solutions ranging from waste segregation to climate unpredictability. They emphasized the importance of platforms like 'Solve for Tomorrow' in guiding their ideas towards impactful solutions that benefit society.Dr. Jatin Wahane, a Karamveer Chakra recipient and esteemed rocket scientist, inspired attendees with his…

06 May

Balipara Foundation hosted the Tripura Regional Eastern Himalayan Naturenomics Forum 2024, focusing on the use of bamboo

Business BureauBusiness

The Balipara Foundation in collaboration with Women's Welfare Society held the Tripura Regional Eastern Himalayan Naturenomics Forum on May 3, highlighting the importance of bamboo biodiversity and its biodiversity. It emphasized the indispensable role of bamboo, showcasing how its absence would impact various aspects of life and ecosystems. The Forum, attended by key stakeholders like the Tripura Biodiversity Board, Tripura Bamboo Mission, North Eastern Development Finance Corporation Limited (NEDFI), Tripura Bamboo and Cane Development Centre (TRIBAC), and Women's Welfare Society, highlighted the importance of bamboo in the lives of artisans and its potential in various initiatives. They emphasized the benefits…

06 May

National Apprenticeship Promotion Scheme promotes inclusive growth

Business BureauBusiness

India's National Apprenticeship Promotion Scheme (NAPS) has emerged as a formidable force in fueling inclusive growth and addressing the nation's skill development challenges. Launched in August 2016, NAPS has witnessed a staggering surge in enrollment, reflecting its pivotal role in bridging the gap between education and industry demands. Enrollment figures reveal a remarkable trajectory of growth. From a modest 35,333 apprentices in FY 2018-19, the program has seen an exponential rise, with a current enrollment of 931,406 in FY 2023-24. This represents an impressive Compound Annual Growth Rate (CAGR) of 74.76% over five years. Key states like Maharashtra, Tamil Nadu,…

06 May

Kotak Mahindra Bank reports Consolidated PAT for FY24 Rs.18,213 crore

Business BureauBusiness

The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the audited standalone and consolidated results for the quarter and financial year ended March 31, 2024, at the Board meeting held in Mumbai. Kotak Mahindra Bank's standalone PAT for FY24 rose 26% YoY to Rs. 13,782 crore from Rs. 10,939 crore in FY23. PAT for Q4FY24 stood at Rs. 4,133 crore, up 18% YoY from Rs. 3,496 crore in Q4FY23 (up 38% QoQ from Rs. 3,005 crore in Q3FY24). The Net Interest Income for FY24 increased by 21% YoY to Rs. 25,993 crore, and for Q4FY24 by 13% YoY…