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JSW Group Chairman Sajjan Jindal receives award at AIMA Managing India Awards
25 Feb

JSW Group Chairman Sajjan Jindal receives award at AIMA Managing India Awards

Business BureauBusiness
Sajjan Jindal, Chairman of JSW Group, has been honored with the prestigious ‘Business Leader of the Decade’ award at the 15th AIMA Managing India Awards, recognizing his journey in shaping JSW into a global powerhouse. The award was presented in the presence of Union Minister of Education Dharmendra Pradhan and Minister of State for Commerce and Industry Jitin Prasada. Yezdi Nagporewalla, CEO of KPMG India, delivered the citation, applauding Jindal’s vision that has propelled JSW’s growth. Under Jindal’s leadership, JSW Group has doubled its revenues to $24 billion and nearly tripled its steel production capacity to 39 million tonnes annually.…
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M&M shares jump nearly 2% as Jefferies maintains ‘buy’ call, sees over 50% gain
24 Feb

M&M shares jump nearly 2% as Jefferies maintains ‘buy’ call, sees over 50% gain

Priyanka RoyBusiness, News
Shares of Mahindra & Mahindra surged in morning trade on February 24, recovering from a sharp 6 percent drop in the previous session to rise nearly 2 percent to Rs 2,712. The surge came after Jefferies reaffirmed its 'buy' rating, setting a target price that indicates significant upside from current levels. With a price target of Rs 4,075, the international brokerage estimates a staggering 52.6 percent upside potential from the last close of Rs 2,669 on the National Stock Exchange. M&M shares witnessed the biggest single-day fall in nearly 7 months during the previous session. Analysts at Jefferies view the…
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Moto Morini Seiemmezzo 650 gets ₹2 lakh price cut, now starts at ₹4.99 lakh
24 Feb

Moto Morini Seiemmezzo 650 gets ₹2 lakh price cut, now starts at ₹4.99 lakh

Business BureauBusiness
Adishwar Auto Ride India (AARI) has announced a significant price revision for the Moto Morini Seiemmezzo 650 range in India, making premium Italian motorcycles more affordable. The MY-2025 Seiemmezzo 650 Retro Street and Scrambler models now come with price cuts of ₹2 lakh and ₹1.90 lakh, respectively, reinforcing AARI’s commitment to expanding Moto Morini’s presence in India. Effective February 20, 2025, the MM Seiemmezzo 650 Retro Street is now priced at ₹4,99,000, while the MM Seiemmezzo 650 Scrambler costs ₹5,20,000. These reductions apply to all available color options, making the Seiemmezzo 650 range one of the most competitive offerings in…
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JSW Infrastructure shares inflation 9% after Motilal Oswal picks it as top pick in ports sector
22 Feb

JSW Infrastructure shares inflation 9% after Motilal Oswal picks it as top pick in ports sector

Priyanka RoyBusiness, News
Shares of JSW Infrastructure jumped 9 percent to Rs 260 on February 21 afternoon. It has gained for the second consecutive session after domestic brokerage firm Motilal Oswal picked the stock as a 'top pick' in the ports sector. The brokerage has set a target price of Rs 330, which implies a 39 percent upside potential from its last close price of Rs 238 on the National Stock Exchange. JSW Infrastructure shares have gained 11 percent this week. India's ports sector handles 95 percent of the country's export volume and 70 percent of its export value, with Motilal Oswal forecasting…
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Bandhan Bank shares increase 5% after CLSA upgrades stock; see latest target price
21 Feb

Bandhan Bank shares increase 5% after CLSA upgrades stock; see latest target price

Priyanka RoyBusiness, News
Bandhan Bank shares surged 5% in early trade on Friday after global brokerage firm CLSA upgraded the stock to ‘High-Concept Outperform’, estimating a massive upside potential of 61%.CLSA sets a price target of Rs 220 for the stock, supported largely by the lender’s outperformance compared to peers in the current MFI (Micro Finance Institution) cycle. The MFI sector has been grappling with persistent challenges and constraints over the last five-six months, resulting in a significant deterioration in asset quality.Going forward, CLSA believes that the Indian microfinance sector will recover from bad to less bad in a few quarters and from…
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Toyota Kirloskar Motor opens bookings for the Land Cruiser 300
20 Feb

Toyota Kirloskar Motor opens bookings for the Land Cruiser 300

Business CorrespondentBusiness
Toyota Kirloskar Motor has announced the commencement of bookings of the Land Cruiser 300, an icon of prestige, power, and rugged capability. Built upon a legacy of over 70 years, the Land Cruiser 300 is the ultimate expression of Toyota’s engineering excellence, designed to meet the expectations of luxury seekers and off-road enthusiasts. Renowned for its unmatched reliability, commanding presence, and superior performance, the Land Cruiser 300 is the flagship SUV of Toyota’s global lineup. The latest iteration combines a revolutionary new platform, advanced powertrain, cutting-edge safety features, and opulent interiors, ensuring a seamless blend of luxury, strength, and off-road…
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Swiggy shares rose 7% during intraday
19 Feb

Swiggy shares rose 7% during intraday

Priyanka RoyBusiness, News
Shares of foodtech giant Swiggy jumped nearly 7% to Rs 370.90 during the intraday trading session on the BSE today (February 19).The surge in its share price coincided with a surge in the broader market. The Sensex is up 0.068% at 76,018.91, while the Nifty is volatile and is trading 0.020% lower at 22,940.65 at 11:11 am.With the surge in Swiggy's share price, its market capitalisation reached Rs 83,576 crore at the time of writing and over 1 crore volumes had been traded by then.The stock has closed in the green in three of the last five sessions. Swiggy had…
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TKM launches road safety awareness & health initiative for 1,250+ drivers in Mizoram
18 Feb

TKM launches road safety awareness & health initiative for 1,250+ drivers in Mizoram

Business BureauBusiness
Toyota Kirloskar Motor (TKM) launched a road safety and health check-up initiative for over 1,250 drivers in Mizoram during Road Safety Month (January 18 – February 17, 2025). The program aims to tackle the rise in road accidents across the state, with 124 incidents and 112 fatalities recorded in 2024. The initiative, inaugurated by Chief Guest Mr. Stephen Lalrinawma, Senior Superintendent of Police, Traffic, Aizawl, and attended by Zote Toyota officials, focuses on educating drivers about safe driving habits and providing health screenings. Key components include sessions on traffic rules, penalties, vehicle compliance, and overall driver well-being. Health check-ups cover…
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Gold imports gain over 40% to $2.68 billion in January
18 Feb

Gold imports gain over 40% to $2.68 billion in January

Priyanka RoyBusiness, News
Overall, imports rose 32 percent to USD 50 billion from April to January this fiscal, as against USD 37.85 billion in the same period last fiscal. The rise in imports also reflects strong investor confidence in the precious metal as a safe-haven asset. Additional factors include asset diversification in gold amid global uncertainties, rising demand from banks and reduction in customs duty. The price of the yellow metal has risen 11 percent this year, reaching Rs 88,200 for every 10 grams in the national capital. India's gold imports, impacting the country's current account deficit (CAD), rose 30 percent to USD…
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