Business

23 Oct

TKM announces the introduction of ‘Festival Limited Edition’ of Toyota Glanza

Business BureauBusiness

Marking the festive spirit, Toyota Kirloskar Motor has announced the introduction of ‘Festival Limited Edition’ of the Toyota Glanza. Customers can now enjoy exclusive dealer-fitted Toyota Genuine Accessory (TGA) packages, designed to elevate their driving experience with enhanced style, performance, and comfort of the Glanza during this festive period. Celebrated for its advanced technology, sleek design, and high fuel efficiency, since 2019, the limited-edition Toyota Glanza comes equipped with 13 exclusive TGA Package, worth ₹20,567. The vehicle features standout elements like premium chrome and black body side moulding, back door garnish chrome, and ORVM garnish chrome. Additional highlights include 3D…

22 Oct

India’s growth story continues: RBI bulletin projects GDP expansion at 7.2 percent for FY 2024-25

Priyanka RoyBusiness, News

Confirming the strength of India's economic growth, the Reserve Bank of India's October bulletin projected real GDP growth at 7.2 percent for FY 2024-25. In the bulletin, the RBI highlighted that consumption and investment demand continue to grow at a rapid pace, with growth estimated at 7 percent in the second quarter and 7.4 percent in the 3rd and 4th quarters.The RBI Bulletin is authored by its Editorial Committee, chaired by Deputy Governor Michael Debabrata Patra. The Central Board of the Bank is not responsible for the interpretation and opinions expressed in the articles, which are the responsibility of the…

21 Oct

Mental wellbeing paradox uncovered; ITC’s survey reveals stigma and accessibility issues

Business BureauBusiness

With mental health conversations gaining traction, ITC’s ‘Feel Good With Fiama Mental Wellbeing Survey 2024’ has marked its 4th year by exploring the perceptions and realities of mental health in India. Commissioned with NielsenIQ, the survey unveils the awareness, attitude, and behavioural landscape for mental wellbeing in India. It reflects progressiveness in acknowledging the need for mental wellbeing while also indicating the persistent barriers in accessing professional support. While 83% of the survey participants believe mental health issues are nothing to be ashamed of, 81% feel ashamed of telling others that they are taking therapy. ITC Fiama, through its 'Feel…

21 Oct

HDFC Bank’s FY26 inflation to be slightly higher than market growth

Priyanka RoyBusiness, News

HDFC Bank reported a net profit of Rs 17,600 crore, a 17.4 per cent year-on-year growth in advances for the quarter ended September 30, 2024. This came after a seven per cent year-on-year growth in advances, which stood at Rs 24.95 lakh crore. In an interaction with the media, the management, represented by HDFC Bank chief financial officer V Srinivasan, said they would not like to give any forward guidance. However, on the trajectory of loan growth, he indicated that FY25 loan growth for the bank will be lower than market growth and in FY26, the bank should grow slightly…

19 Oct

TKM announces the limited edition of its highly popular model – Urban Cruiser Taisor

Business BureauBusiness

Adding to the festive fervour, Toyota Kirloskar Motor (TKM) has announced the Limited Edition of its highly popular model - Urban Cruiser Taisor. This special edition, designed with a focus on enhancing style, and premium-ness, comes with a well-curated Toyota Genuine Accessories (TGA) package to elevate delight and excitement to customers. Commenting on the introduction of the festive edition, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “We are confident that our customers will find great value in this new addition.” Since its launch in April 2024, the Urban Cruiser Taisor has quickly become a…

19 Oct

L&T Finance Q2 net profit inflation 16.8% to Rs 695 crore, total revenue up 25%

Priyanka RoyBusiness, News

L&T Finance Limited reported its financial results for the quarter ended September 30, 2024, with total revenue from operations growing 25% year-on-year to ₹4,019.34 crore from ₹3,213.84 crore in Q2 FY24. The growth was driven by higher interest income, fee and commission income across its key business segmentsThe company's net profit grew 16.8% to ₹695.58 crore compared to ₹595.11 crore in the same period last year, while its profit before tax stood at ₹939.57 crore, up 17.8% from ₹797.39 crore in Q2 FY24.Total comprehensive income also witnessed a significant growth, rising 19.1% year-on-year to ₹700.79 crore.Earnings per share (EPS) witnessed…

18 Oct

Hindustan Zinc Q2 results preview: Profit may inflation 30-36%; higher zinc, silver prices to drive sales growth

Priyanka RoyBusiness, News

Hindustan Zinc Ltd (HZL) is set to announce its results for the September 2024 quarter (Q2FY25) and first half of current fiscal year (H1FY25) on Friday, October 18.Hindustan Zinc Ltd (HZL) is set to announce its results for the September 2024 quarter (Q2FY25) on Friday, October 18 as the analysts tracking the stock believe that the metal player is likely to report a strong set of numbers on a year-on-year (YoY) comparison, while the numbers may remain flattish or muted on quarter-on-quarter (QoQ) basis.Brokerages are expecting net profit, Ebitda and revenue to rise sharply on yearly comparison but mild pressure can…

18 Oct

Bajaj Allianz Life expands in Northeast with first branch in Arunachal Pradesh

Business BureauBusiness

Bajaj Allianz Life, one of India’s top private life insurers, has launched its first branch in Naharlagun, Arunachal Pradesh, strengthening its presence in the Northeast. This strategic move aims to boost life insurance accessibility and promote financial inclusion in the region. The new branch offers a comprehensive range of life insurance products, including financial planning, policy servicing, and claims support, ensuring tailored solutions for local customers. Rajesh Krishnan, Chief Operations & Customer Experience Officer, emphasized the importance of this expansion, stating, “The Northeast holds immense potential, and this branch marks a significant step toward providing financial security for all. Aligned…

17 Oct

The Government of Nagaland partners with Tata AIA to provide life insurance to its people

Business BureauBusiness

The ‘Chief Minister's Universal Life Insurance Scheme’will cover residents of Nagaland in the age group of 18 – 60 years. Tata AIA will provide life insurance coverage of INR 2 lakh to the earning residents of Nagaland. The scheme will benefit breadwinners, including those employed in unorganized sectors and/ or part of low-income groups. Tata AIA Life Insurance(Tata AIA), one of India's leading life insurers,has been selected by the Government of Nagaland to implement the Chief Minister's Universal Life Insurance Scheme (CMULIS). Under this scheme, the primary earning member of the family will be provided with alife insurance cover of…

17 Oct

RIL Q2 net profit recession 5% due to weak performance in O2C business

Priyanka RoyBusiness, News

Reliance Industries Ltd reported consolidated net profit in the second quarter declined by 4.77% to ₹ 16,563 crore from ₹ 17,394 crore in the same period last year, due to weak contribution from the oil-to-chemicals (O2C) business.Gross revenue for the quarter ended September 30, 2024 grew 0.8% year-on-year (YoY) to ₹258,027 crore.While O2C business revenue grew 5.1% on the back of higher volumes and increased home placement of products, EBITDA declined 23.7% to Rs 12,413 crore due to a sharp drop in product margins. Fuel cracks declined by nearly 50%, the company said in a filing."Downstream chemicals also declined due…