Business

26 Mar

Johnson’s Baby unveils new campaign with Anil & Sonam Kapoor, reinforces commitment to gentle baby care

Business BureauBusiness

Johnson’s Baby has launched its latest digital campaign featuring Bollywood’s iconic father-daughter duo, Anil and Sonam Kapoor, spotlighting the science behind baby eye care. The campaign emphasizes how babies blink less frequently than adults, making their eyes more vulnerable to external irritants, reinforcing the need for gentle skincare solutions. Conceptualized by DDB Mudra, the campaign’s ad film playfully illustrates this difference through a staring contest between Anil Kapoor and a baby, ultimately highlighting the necessity of using mild, tear-free products. Johnson’s Baby, a pioneer in baby skincare, introduced the revolutionary No More Tears® formula in its baby shampoo, ensuring irritation-free…

26 Mar

IndusInd Bank share price decay over 5%, fined ₹30 crore for ‘various GST issues’

Priyanka RoyBusiness, News

IndusInd Bank share price dropped over 5% on Tuesday after the private lender said GST authorities in Thane district have imposed a penalty of over ₹30.15 crore on it for various issues. Shares of IndusInd Bank fell 5.32% to ₹633.55 on the BSE.IndusInd Bank, which is already facing scrutiny over derivative account anomalies, also said it may file an appeal against the GST order.In a regulatory filing on March 24, IndusInd Bank said, "…we inform that a penalty of Rs 30,15,18,000/- has been imposed on the bank by the Joint Commissioner of CGST and Central Excise, Thane Commissionerate for various…

25 Mar

Silver prices jump: Rs 598 increase to Rs 98,091 per kg

Priyanka RoyBusiness, News

New Delhi, March 25 Silver prices rose by Rs 598 to Rs 98,091 per kg on Tuesday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 598, or 0.61 per cent, to Rs 98,091 per kg in a business turnover of 18,621 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.56 per cent higher at $33.20 per ounce in New York.

25 Mar

Toyota Kirloskar Motor strengthens sustainability goals, aligns with India’s green growth agenda

Business BureauBusiness

Toyota Kirloskar Motor (TKM) reaffirmed its commitment to environmental sustainability on World Forest Day and World Water Day, aligning with the Toyota Environmental Challenge 2050 (TEC 2050). The company continues its efforts to minimize carbon emissions, optimize water usage, and enhance biodiversity conservation. At its Karnataka facility, TKM follows a ‘4R’ water strategy—Reduce, Reuse, Recycle, and Recharge—meeting 89.3% of its production water needs through recycled water and rainwater harvesting. With a rainwater storage capacity of 51,000 cubic meters and 18 groundwater recharge pits, the company is progressing towards becoming a Zero Liquid Discharge plant. Its afforestation initiatives have resulted in…

24 Mar

Silver futures surge: Prices gain to Rs 98,406 per kg

Priyanka RoyBusiness, News

New Delhi, March 24 Silver prices rose by Rs 522 to Rs 98,406 per kg on Monday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 522, or 0.41 per cent, to Rs 98,406 per kg in a business turnover of 19,237 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.39 per cent higher at $33.16 per ounce in New York.

24 Mar

Bandhan Bank teams up with Salesforce to drive AI-powered lending transformation

Business BureauBusiness

Bandhan Bank has partnered with Salesforce to revolutionize its loan origination systems (LOS) and accelerate AI-driven banking transformation. The collaboration aims to streamline lending, enhance customer experience, and strengthen digital banking infrastructure across India. With over 6,300 outlets in 35 states and union territories, Bandhan Bank has consolidated multiple LOS into best-in-class AI-powered platforms. Salesforce’s Lightning Platform supports housing finance LOS, while Sales Cloud optimizes commercial loans, ensuring a seamless loan lifecycle—from onboarding and credit evaluation to approval and disbursal. The transition follows Bandhan Bank’s core banking system upgrade in October 2023, further driving digital innovation. “Banking is evolving to…

24 Mar

PMI reiterates strict enforcement to stop the tobacco black market

Business BureauBusiness

During a recent session on ‘Switching Off Illicit Cigarettes’, Rodney Van Dooren, Head of Illicit Trade Prevention Asia Pacific, Philip Morris International (PMI), has underlined the importance of securing cross border collaboration and stringent enforcement to combat tobacco black market in ASEAN region. Over the past year, governments and relevant agencies across the ASEAN region have intensified their efforts to combat cigarette black market. However, the problem remains severe, with 1 in 4 cigarettes consumed in these countries being illegal. The World Health Organisation (WHO) Framework Convention on Tobacco Control identifies India as both a transit hub and a key…

22 Mar

IDBI Bank shares gain nearly 8% to nine-week high on privatisation hopes

Priyanka RoyBusiness, News

IDBI Bank shares rallied nearly 8 percent on March 21 with trading volumes double the 20-day average, pushing the stock to a nine-week high for the fifth consecutive session. According to DIPAM Secretary Arunish Chawla, the disinvestment process of IDBI Bank is still on and is expected to be finalised in the next three months. In an exclusive interview with Network18, Chawla informed that major hurdles, including data room issues, have been resolved and due diligence has been completed. The government and LIC together are in the process of selling 61% stake in IDBI Bank, with the Centre holding 30.48…

21 Mar

EU Struggles to Unite on Defense Policies as Ukrainian President Appeals for Support

Sonakshi Sarkarinternational

During a recent European Council summit in Brussels, Ukrainian President Volodymyr Zelenskyy emphasized the necessity of sustained and increased EU support for Ukraine, especially in light of former U.S. President Donald Trump's withdrawal from international commitments. While EU nations are prepared to escalate sanctions against Russia, they remain divided on implementing cohesive defense strategies. This fragmentation stems from varying geographical, historical, and economic contexts among member states. For instance, Poland and the Baltic nations, due to their proximity to Russia, advocate for immediate action, whereas Southern European countries like Italy and Spain prioritize other security and economic concerns. France and…

21 Mar

Zee Entertainment shares gain 6% as CLSA sees stock price doubling in 12-24 months

Priyanka RoyBusiness, News

Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 6% on March 20 after brokerage firm CLSA sees stock price doubling in the next 12-24 months. The foreign brokerage believes advertising revenue-led growth could lead to a rerating of the stock, as it suggested a target price of Rs 170. Zee's EBITDA margin has grown 9 per cent from the bottom and even assuming 6 per cent year-on-year (YoY) advertising growth, Zee could post 22-23 per cent year-on-year (YoY) growth in EBITDA and profit after tax in FY26-27, CNBC-TV18 reported CLSA. On March 20, Zee Entertainment shares were trading 6% higher…