Business News

15Nov By editor3No Comments

Business News, Feature

Brokerage Firms Bullish on Signature Global; Issue ‘BUY’ Rating with Target Price of ₹2,000

Jaipur November 15, 2024. The Leading Brokerage firms seem to be bullish on Signature Global (India). Post their (Signature Global) Q2FY25 result announcement, ICICI Securities and Motilal Oswal have given a BUY call on Signature Global stock.  While ICICI Securities has maintained BUY call, with the target price of ₹2,007, Motilal Oswal has given a target price of ₹2,000 per share. The shares of the company were trading at 1298.05a piece up 3.41% at the closing hour of 14th November 2024, Thursday. The total market cap stands at 18,238.99 crore. Brokerage Firm Recommendations Motilal Oswal has kept its BUY rating with a target price of ₹2,000 per share, indicating a 56% upside potential. The brokerage noted Signature Global's strong performance, with pre-sales of ₹27.8...

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15Nov By editor3No Comments

Business News, Fashion & Lifestyle, Feature

Padma Shri Kailash Kher Unveils Param Amrit, a Divine Skincare Brand

New Delhi, November 15, 2024. Param Amrit, a pioneering luxury Ayurvedic skincare brand, marked its grand launch at the prestigious Constitution Club of India in New Delhi. Renowned singer and Padma Shri awardee Kailash Kher, brother of Dr. Nutan Kher, the brand’s founder, graced the event by unveiling the inaugural line of deeply rooted Ayurvedic products.  The event was further honoured by the presence of spiritual leader Shri Baba Swami Amritanand Ji, who offered his blessings and insights. His participation added a profound spiritual dimension to the launch.  Beyond Beauty: Infused with Mantra Aushadhi Param Amrit distinguishes itself by integrating the ancient practice of Mantra Aushadhi into modern skincare. This revered tradition, a cornerstone of Ayurveda docu...

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15Nov By editor3No Comments

Business News, Feature, National News

Energy today has become spinal cord for economic growth and development: Petroleum Minister Hardeep Puri

New Delhi, November 15, 2024. “Energy today has become the spinal cord for economic growth and development,” said Shri Hardeep Singh Puri, Minister of Petroleum & Natural Gas, during the inaugural ceremony of GEO India 2024, India’s premier South Asian Geosciences Conference and Exhibition in Greater Noida today. In his keynote address, Shri Puri highlighted the critical importance of energy in driving economic progress, especially in a country like India, where the demand for energy is increasing rapidly in line with its growing economy. The Minister expressed his delight at being part of the event, which brings together leading experts from the Exploration and Production (E&P) sector both from India and abroad. GEO India 2024, organized by the Association of Petroleum Geolo...

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15Nov By editor3No Comments

Business News, Fashion & Lifestyle, Feature

Women Entrepreneurship Platform Partners with Urban Company to Empower Women Salon and Beauty Parlor Owners

New Delhi, November 15, 2024. The Women Entrepreneurship Platform (WEP) under its Award to Reward initiative, launched the pilot to support women MSMEs to scale up their businesses in the beauty and wellness sector. A baseline study conducted by MicroSave Consulting identified four key sectors with more than 100,000 women MSMEs: beauty & wellness, textile manufacturing, retail trade and food & beverages. The pilot marked the launch of the inaugural cohort focusing on beauty and wellness sector. This pilot initiative aims to develop process templates by leveraging insights and learnings gathered through the program and upscaling women MSMEs nationwide. Urban Company will spearhead the program, collaborating with other key stakeholders to identify women working in micro-units a...

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15Nov By editor3No Comments

Automobile News, Business News

ACKO Drive Launches Seamless End-to-End Digital Car Buying Experience with Financing Options

New Delhi, November 15, 2024. ACKO Drive is changing how people buy cars in India by introducing a fully digital, end-to-end car buying experience. This latest development by ACKO Drive allows customers to finance and purchase their next vehicle online without needing to step into a dealership. The new digital platform, ACKO Drive, caters to modern buyers seeking convenience, speed, and security. As online shopping becomes increasingly popular across sectors, ACKO Drive brings the same simplicity to the automotive industry, making the car-buying journey effortless and transparent for today's consumers. An Online Platform Tailored for Hassle-Free Car Shopping ACKO Drive offers customers a one-stop shop to browse a wide selection of cars like&nb...

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15Nov By editor3No Comments

Business News, Feature

Indians’ Investments Wealth Increased by ₹ 717 Lakh Crore

Jaipur, November 2024. Indian investors have earned more by investing in equity than returns from property and gold. Equity investment has given the highest returns in any 5 years in the last 25 years. At the same time, Indian families’ wealth increased by about Rs 717 lakh crore in the last decade. About 11% of this is from equity income. A study by American financial services company Morgan Stanley revealed this information. According to the report, the return from Indian equity (BSE Sensex) in the last 5 years, 10 years, 15 years, 20 years, and 25 years has been better than that from other asset classes like real estate, gold, 10-year treasury, and bank fixed deposits (FD). According to the report, equity has given a 15% compounded annual pre-tax return (CAGR) in 25 years. A...

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14Nov By editor3No Comments

Business News, Feature

Vivo ropes in Suhana Khan as brand ambassador for Y-series smartphone

New Delhi, November 2024. Chinese smartphone company Vivo has roped in Bollywood actor Suhana Khan as brand ambassador for Y-series smartphones, the company said on Wednesday. She made her debut in Bollywood with Zoya Akhtar directed film "The Archies". "As a rising star, Suhana resonates with young audiences, making her an ideal ambassador for the Y series," the company said in a statement.

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14Nov By editor3No Comments

Business News, Feature

Vodafone Idea cuts losses to Rs 7,176 crore in Q2

New Delhi, November 14, 2024. ebt-laden Vodafone Idea has reported a lower consolidated net loss at Rs 7,176 crore for the second quarter ended September 2024 from Rs 8,737 crore last year. The telco had reported a net loss of Rs 6,434 crore in the June quarter of FY25. Revenue from operations increased marginally by 2 per cent year-on-year (YoY) to Rs 10,932 crore from Rs 10,716 crore a year ago. The customer revenue increased by 5.6 per cent when compared to the last quarter, aided by the recent tariff hikes undertaken by all private operators. The company said capex spend for Q2 of FY25 was Rs 1360 crore as against Rs 760 crore in Q1 of FY25. The debt from banks and financial institutions reduced by Rs 4,580 crore during the last one year and stood at Rs 3,250 crore. The cash and ...

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13Nov By editor3No Comments

Business News, Feature

Samsung TV Plus Announces the Launch of Four New FAST Channels From Viacom18 Exclusively on Samsung Smart TVs

Gurugram, November, 2024. Samsung TV Plus, the brand’s free ad-supported streaming TV (FAST) service in India, has tied up with Viacom18 to launch four new FAST channels—Superhit Beats, Kaanphod Music, Fully Faltoo, and Colors Infinity Lite—exclusively on Samsung TV Plus. Samsung TV Plus is a free streaming service that comes pre-installed on Samsung Smart TVs, offering a wide range of channels, including news, sports, entertainment, and more, in select countries. In India, Samsung TV Plus gives viewers access to over 100 live TV channels and thousands of movies and shows, both live and on-demand. “We are excited to welcome Viacom18 as a partner on the Samsung TV Plus platform. We are committed to bringing diverse content options for our viewers in India which align with their pre...

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13Nov By editor3No Comments

Business News, Feature, Food and Beverages, Health News

Dabur Chyawanprakash Sugarfree launches new campaign ‘Aapka Angrakshak’ to raise awareness on World Diabetes Day

New Delhi, November 2024. Dabur Chyawanprakash Sugarfree, from the house of Dabur India launched a health awareness campaign with ‘Aapka Angrakshak’ as a run up to World Diabetes Day. The Campaign aims to raise awareness about the need for immunity and importance of maintaining health of vital organs for a diabetic along with maintaining blood sugar levels, eating healthy and staying fit. Speaking about the campaign, Mr. Amit Garg, Marketing Head – Health Supplements, Dabur India said, “According to an ICMR study, roughly 1 in 4 Indians are either diabetic or are pre-diabetic. Diabetes causes fluctuation in insulin levels which leads to spike in blood sugar levels. This produces harmful free radicals in the body which may affect our vital organs like eyes, heart, lungs, kidney, ...

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13Nov By editor3No Comments

Automobile News, Business News

Toyota Kirloskar Motor Introduces Special Limited-Edition of Glanza, Urban Cruiser Taisor&Urban Cruiser Hyrdyer with Exciting Year-End Offers

Bangalore, 13th November 2024. Toyota Kirloskar Motor (TKM) is excited to make this year-end memorable for car buyers with the launch of the Special Limited Edition across its popular models— Glanza, Urban Cruiser Taisorand Urban Cruiser Hyryder. Following the overwhelming response to the recently introduced Festival Limited Editions, the Special Limited-Edition takes Toyota’s commitment towards customer centricity a step further by offering Toyota Genuine Accessory (TGA) packages. By allowing customers to personalize their vehicles, the Special Limited-Edition allows buyers to own a special upgraded version of their preferred Toyota model with a blend of style and enhanced functionality. This also allows customers to choose between the Special Limited- Edition package or avail thems...

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13Nov By editor3No Comments

Business News, Feature

IDFC FIRST Bank Launches FIRST Wings Start-up Lounge to Empower Indian Start-ups

Bangalore, November 13, 20224. IDFC FIRST Bank, today announced the launch of startup lounge an exclusive space designed to support entrepreneurs and empower early-stage startups in India. Located in Koramangala, Bangalore, this unique space aims to provide essential resources, mentorship, and networking opportunities for entrepreneurs looking to scale their businesses. On the occasion Mr. Bhavesh Jatania, Head Start-up Banking, IDFC FIRST Bank said, “We are excited to announce the IDFC FIRST Bank Start-up Lounge, a first of its kind initiative by a bank in India. The Start-up Lounge will serve as meeting and collaboration point, providing entrepreneurs a conducive environment to innovate and grow. IDFC FIRST Bank will also partner with leading incubators, accelerators, venture capit...

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13Nov By editor3No Comments

Business News, Food and Beverages

Pulse Candy Shines with Over 35 Awards in Less Than a Year!

New Delhi, November 13, 2024. Pulse Candy, a leading hard-boiled candy brand from the DS Group, a multi-business corporation, and FMCG conglomerate, has been setting new benchmarks in the realm of creative marketing. In the fiscal year 2023-24, the brand launched a series of successful campaigns that grabbed the attention of both consumers and industry experts.  Pulse Candy, a leader in India’s candy market, is celebrated for its irresistible appeal encapsulated by the tagline, ‘Pran Jaaye Par Pulse Na Jaaye.’ In just 300 days, Pulse Candy has garnered over 35 awards, showcasing its relentless commitment to consumer-centric storytelling. The brand's TVC-led ‘Courtroom and Jar’ campaign secured recognition at the Abbys South Asia and Kyoorius Creative Awards, exemplifying its str...

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12Nov By editor3No Comments

Business News, Feature

Nexus Select Trust reports resilient financial performance and strong growth pipeline

Mumbai, India, 12 November 2024. Nexus Select Trust (NSE: NXST / BSE: 543913), India’s first listed Retail REIT, reported results today for the second quarter ended September 30, 2024. Business Highlights Achieved Retail Net Operating Income of INR 3,713 million (5% YoY growth) in Q2 FY25 Declared distribution of INR 3,041 million or INR 2.007 per unit for Q2 FY25 Achieved tenant sales of ~INR 30 billion (~INR 3,000 crore) in Q2 FY25; sales momentum improving significantly in October Strong balance sheet with attractive debt cost at 8.0%, AAA / Stable rating; recent financing raised at record low cost of 7.5% p.a Received GRESB 5-star rating for the first time and were ranked 2nd in Asia amongst the listed Retail Peers with an overall score of 92 Dalip Sehg...

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12Nov By editor3No Comments

Business News, Feature, National News

Rupee slips 1 paisa to close at fresh all-time low of 84.39 against US dollar

New Delhi, November 12, 2024. The rupee fell 1 paisa to a new lifetime low of 84.39 (provisional) against the US dollar on Tuesday as persistent foreign fund outflows and a strengthening greenback against major crosses overseas dented investor sentiments. Forex traders said the rupee is likely to trade between 83.80 and 84.50 in the medium term, with the Reserve Bank of India likely limiting any significant downside, aided by its robust foreign exchange reserves. At the interbank foreign exchange, the rupee opened at 84.39 against the US dollar. During the session, the local currency touched a high of 84.39 and a low of 84.41. It finally settled at 84.40 (provisional), a decline of just 1 paisa against the US currency, registering a loss for the fifth straight session.

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12Nov By editor3No Comments

Business News, Feature, National News

OPPO Find X8 Series with ColorOS 15 to Launch Globally, Setting a New Standard for Flagship Smartphones

New Delhi, November 12, 2024. OPPO India will launch the Find X8 Series and ColorOS 15 at a global event on November 21, 2024, in Bali, Indonesia. Both devices-the all-new Find X8 and Find X8 Pro-redefine excellence in flagship smartphones.  “Until now, flagship camera phones with ultra-zoom, power, battery life, and AI tools have been weighed down by thick, heavy designs, but Find X8 Series changes the game,” said Pete Lau, SVP and Chief Product Officer at OPPO. “The Find X8 is a thin and light powerhouse with a sterling battery life and a periscope zoom. The Find X8 Pro takes zoom further, delivering ultra-grade experiences without the bulk. And with ColorOS 15’s smart and smooth experience, the Find X8 Series is set to mark an exciting shift for the smartphone ...

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12Nov By editor3No Comments

Business News, Feature, National News

Light + LED Expo India 2024

New Delhi, November 12,2024. India’s premier expo, Light + LED Expo India 2024, is set to showcase advanced products in LED and intelligent lighting solutions from 21st to 23rd November 2024 at Yashobhoomi (IICC), Dwarka, Delhi. With 240+ exhibitors from nine countries, the B2B event will present innovative solutions for homes, high rises, architecture, infrastructure, and everything in between. With LED light emerging as a powerful catalyst in India's energy efficiency journey, its applications have spread from households and industrial spaces to more complex and customised needs for architecture and interior design, urban infrastructure and smart city projects. Government-backed initiatives like Unnat Jyoti by Affordable LEDs for All and LED Street Lighting National Programme ...

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12Nov By editor3No Comments

Business News, Feature

Gold futures fall on low demand

New Delhi, November 12, 2024. Gold prices on Tuesday declined Rs 282 to Rs 75,069 per 10 grams in futures trade amid weak global cues. On the Multi Commodity Exchange, gold contracts for December delivery traded lower by Rs 282 or 0.37 per cent at Rs 75,069 per 10 grams in a business turnover of 10,582 lots. Analysts attributed the fall in gold prices to weak global cues.

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12Nov By editor3No Comments

Business News, Feature

Servotech Secures order of 2 MW On-grid Solar Power Plant from UPNEDA

New Delhi, 12th November 2024. Servotech Power Systems Ltd., India’s leading solar solutions manufacturer has secured a 2 MW On-grid solar Photovoltaic Power Plant order fromUttar Pradesh New and Renewable Energy Development Agency (UPNEDA). Servotech will be responsible for designing, supplying, installation testing and commissioningof On-Grid solar power plants. Further, the scope of the project also encompasses Servotech to deliver comprehensive warranty maintenance for the next 5 years, tending to different 11 to 100 kW on-grid solar PV installations done at 67 various strategic locations in the state of Uttar Pradesh contributing to the state’s renewable energy goals. Commenting on the order, Sarika Bhatia, Director, ServotechPower Systems Ltd. said, we’re pleased to strength...

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12Nov By editor3No Comments

Business News, Feature, National News

Hassle-Free Mutual Fund Investment Online with HDFC Securities & HDFC SKY

Mumbai, November 12, 2024. HDFC Securities invites you to embrace the future of investing with Digify, a fully digital platform designed for seamless mutual fund investments. Investors can also meet their mutual fund needs through HDFC SKY. With easy access, tracking, and management, both Digify and HDFC SKY empower you to take control of your financial future in just minutes. These unique platforms allow you to invest hassle-free in mutual funds by simply opening an account in three easy steps, all without the need for a Demat or Trading Account.

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12Nov By editor3No Comments

Business News, Feature

Shahi Exports Unveils New Brand Identity to Mark 50th Anniversary

New Delhi, November 12, 2024. Shahi Exports, India’s largest apparel manufacturer and exporter, announced a significant rebranding initiative as it celebrates its 50th anniversary. This milestone marks a new chapter for the company, reaffirming its commitment to ethical practices, sustainable innovation, and empowering its workforce.  Founded by Mrs Sarla Ahuja in 1974 from a small home set-up, Shahi has grown to become one of the world's most trusted apparel manufacturers. Today, Shahi has over fifty factories across eight Indian states and 80% vertical integration of the garment-making process.  Crafting a New Identity The brand refresh introduces a new visual identity encapsulating Shahi’s spirit and persona. The new logo features a gradient color palette, shi...

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12Nov By editor3No Comments

Business News, Feature, National News

Blue Dart Announces Second Quarter Results, Sales at Rs. 1,448 Crore

Mumbai, November 12, 2024. Blue Dart Express Limited, South Asia's premier express air, integrated transportation, and distribution logistics company, declared its financial results today for the quarter ended September 30, 2024, at its Board Meeting held in Mumbai.  The company posted Rs. 60.76 crore profit after tax for the quarter ended September 30, 2024. Revenue from operations for the same period stood at Rs. 1,448.46 crore. Blue Dart's exceptional service quality, strengthened by advanced automation and technology, remains a cornerstone of its operations, providing customers with a seamless, one-stop solution for all their logistics needs.  Reflecting on the company's performance, Balfour Manuel, Managing Director, Blue Dart Express Ltd., stated, 'D...

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11Nov By editor3No Comments

Business News, Feature, National News

Yatra Online Partners with DW Travel to Expand Corporate Travel Presence in UAE

New Delhi, November 11, 2024.  Yatra Online Limited, India's largest corporate travel services provider and leading online travel company, announced a strategic partnership with DW Travel, a premier United Arab Emirates based travel management company, under its innovative Corporate Platform Partner (CPP) Program. This collaboration empowers offline and online travel companies with new revenue streams, differentiated offerings, and advanced travel-related products and services features. Founded in Dubai in 2004, DW Travel is a leading Travel Management Company renowned for its expertise in Corporate Travel Management, VIP & Luxury, and Leisure Travel. Through this partnership, DW Travel will leverage Yatra's cutting-edge platform, expertise, and technology infrastructure to deliv...

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