Business

05 Oct

Vedanta shares grew as company records highest ever aluminium production in second quarter

Priyanka RoyBusiness, News

Vedanta said it recorded aluminium production of 1,205 kilotonnes in the first half of FY25, while its alumina production grew 21 per cent during the same period.Shares of Vedanta Ltd rose marginally in Friday's trade after the Anil Aggarwal-led company said it recorded its highest ever quarterly and half-yearly aluminium production for the period ended September 30. Zinc India recorded its highest ever mined and refined metal production in the second quarter, the metals and mining major said.Following the development, the stock was trading 0.05 per cent higher at Rs 512.05 in early deals. At its meeting on Tuesday, October…

04 Oct

HDFC Bank Q2 update: Gross advances upsurge 7% to Rs 25.19 lakh crore, deposits grow 15%

Priyanka RoyBusiness, News

The country's largest private sector lender HDFC Bank on Friday reported gross advances growth of 7% to Rs 25.19 lakh crore as of September 30, 2024, as against Rs 23.54 lakh crore as of September 30, 2023.HDFC Bank's advances under management, which include inter-bank participation certificates, bill rediscounting and advances for securitisation/assignment, stood at Rs 26.33 lakh crore as of September 30, a growth of about 8% from Rs 24.37 lakh crore in the same quarter last year.Advances under management of the bank grew 2.3% to Rs 25.75 lakh crore as of June 30.Retail loans grew by about Rs 33,800…

04 Oct

4 new apple retail store is going to open in India

Sonakshi SarkarBUSINESS

Apple plans to open four more retail outlets in India, one each in Bengaluru, Pune, Delhi-NCR, and Mumbai, the US multinational electronics company revealed on Friday. In April 2023, Apple established its first two stores in India: in Delhi and Mumbai. Apple announced that the iPhone 16 Pro and Pro Max, which are built in India, will be available soon for local users as well as export to "select countries" around the world. Apple began producing iPhones in India in 2017. It now has more than 3,000 employees in India. Apple now manufactures the full iPhone 16 family, including the…

04 Oct

Minister Jayant Chaudhary launches 30 entrepreneurship centres at Northeast Skill Conclave 2024, calls for regional cooperation

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) has successfully organized the “Northeast Skill Development and Entrepreneurship Conclave 2024” at IIM Shillong. This event is a significant leap towards fostering entrepreneurship and skill development in the northeastern region of India. Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship and Minister of State, Ministry of Education, Govt of India, was the Chief Guest at the event alongside other prominent leaders from various northeastern states, industry experts, and academicians, all engaged in discussions on strengthening the region and unlocking new opportunities. The conclave included fostering…

03 Oct

BSA Motorcycles delivers the first BSA Gold Star 650 in North-East India

Business BureauBusiness

BSA Motorcycles, the iconic British brand, has proudly delivered the first BSA Gold Star 650 in North-East India to Mr. Oken Tayeng, Member of the Legislative Assembly, Arunachal Pradesh. Known for his contributions to the development of the state, particularly in improving infrastructure and welfare in his constituency, Mr. Tayeng is now a proud owner of the legendary Gold Star 650. Launched in India on August 15, 2024, the BSA Gold Star 650 is a remarkable combination of classic British design and modern engineering. With a legacy dating back to 1903, the BSA brand has long been a symbol of…

03 Oct

Oil prices continue to inflation as Israel threatens retaliation after Iran attack

Priyanka RoyBusiness, News

October 03, 2024 (MLN): Oil prices jumped for a second day after Prime Minister Benjamin Netanyahu vowed to retaliate against Iran after it fired nearly 200 ballistic missiles at Israel, escalating the conflict in the Middle East.Global benchmark Brent rose 3% to near $75.79 a barrel after rising more than 5% on Tuesday.While the price of West Texas Intermediate Crude (WTI) rose by 3.29% to reach $72.13 per barrel.Although Israel and Iran have been at loggerheads since the war in Gaza against Tehran-backed Hamas began nearly a year ago, previous surges have been short-lived in the absence of any real…

02 Oct

GST collection upgrade by 6.5 percent to Rs 1.73 lakh crore in September

Priyanka RoyBusiness, News

Domestic revenue grew 5.9 percent to Rs 1.27 lakh crore last month. Revenue from import of goods grew 8 percent to Rs 45,390 crore.GST Collection: According to government data released on Tuesday, the gross collection of Goods and Services Tax (GST) in the month of September grew by 6.5 percent year-on-year to around Rs 1.73 lakh crore. GST revenue was Rs 1.63 lakh crore in September last year. It was Rs 1.75 lakh crore in August 2024.Domestic tax revenue grew 5.9 per cent to about Rs 1.27 lakh crore in September, according to official data.At the same time, revenue from…

02 Oct

Johnson’s® baby launches its latest television campaign titled ‘Irresistible Cheeks’

Business BureauBusiness

Johnson’s® baby, a pioneer in baby skincare, has launched its latest television campaign titled ‘Irresistible Cheeks’ under the broader campaign 'Protection Pehle Din Se'*. Featuring Bollywood’s popular father-daughter duo Anil and Sonam Kapoor, the film highlights Johnson’s promise to protect from day 1 with its iconic moisturising cream designed with purposeful ingredients and tested by doctors. DDB's new film features Anil Kapoor as a doting grandfather, engaging in a playful acting face-off with a baby, who resists and performs an act every time his cheeks are pulled. Sonam Kapoor steps in revealing the secret to the baby’s soft and smooth…

01 Oct

TKM reaffirms its long-standing commitment to environmental sustainability

Business BureauBusiness

Marking the World Environment Health Day, Toyota Kirloskar Motor (TKM) has reaffirmed its long-standing commitment to environmental sustainability. Over the years, TKM has consciously adopted sustainable business practices and transformed from a carmaker to a mobility company. Keeping with its principle of ‘Respect for the Planet’, Toyota globally announced the ‘Toyota Environmental Challenge 2050’ (TEC 2050) in October 2015, comprising six environmental challenges. The first set of 3 challenges focuses on achieving carbon neutrality from our products and its entire value chain, including the manufacturing activities. The company’s eco-conscious efforts not only focus on positively contributing to the environment but…

01 Oct

Head to head business fight now becoming the headline

Banasree SarkarBusiness

Swiggy is preparing for an IPO of Rs 10,000 crore, which will be India's largest by a new-age business since Paytm. Swiggy's ambition to enter the Street marks a new chapter for the Bengaluru-based business, which aims to dominate India's fast developing quick commerce market. The company is soliciting cash not only to expand its meal delivery operation, but also to support the growth of its rapid commerce unit, Instamart. With Zomato well-positioned in the game following its acquisition of Blinkit, competition is expected to heat up as Swiggy attempts to strengthen its presence in the public market with more…