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ICICI Bank Raises Minimum Balance From Rs 10,000 To Rs 50,000 For New Customers
Business News, Feature, National News

ICICI Bank Raises Minimum Balance From Rs 10,000 To Rs 50,000 For New Customers

New Delhi, August 11, 2025.India's second largest lender ICICI Bank has raised the monthly minimum average balance requirement for all customer segments, effective August 1.Customers at metro and urban locations who opened their savings accounts on or after August 1 have to maintain Rs 50,000 monthly average balance to avoid penalties, according to the latest notification on the bank's website.The minimum average balance for older customers remains Rs 10,000.New customers in semi-urban locations will be required to maintain a minimum average balance of Rs 25,000 and rural customers will have to maintain Rs 10,000.The minimum average balance remains at Rs 5,000 a month for old customers in rural and semi urban areas.Customers who do not maintain the minimum average b...
Tata Motors Consolidated Q1 FY26 Results
Automobile News, Business News, Feature

Tata Motors Consolidated Q1 FY26 Results

Mumbai, August, 2025.Tata Motors Ltd.(TML) announced its results for quarter ending June 30, 2025.Q1FY26 Consolidated (₹ Cr Ind AS)Jaguar Land Rover (£m, IFRS)Tata Commercial Vehicles (₹Cr, Ind AS)Tata Passenger Vehicles (₹Cr, Ind AS) FY25Vs. PYFY25Vs. PYFY25Vs. PYFY25Vs. PYRevenue104,407(2.5)%6,604(9.2)%17,009(4.7)%10,877(8.2)%EBITDA (%)9.2(480) bps9.3(650) bps12.260 bps4.0(180) bpsEBIT (%)4.3(370) bps4.0(490) bps9.780 bps(2.8)(310) bpsPBT (bei)5,617₹(3,232) Cr351£(342)m1,657₹122Cr(129)₹(302)CrTata Motors Consolidated:TML performance in the quarter was impacted by volume decline in all businesses and a drop in profitability primarily at JLR. Revenues at ₹104.4K Cr (down 2.5%), EBIT of ₹4.5KCr(-₹4.1KCr), EBIT margin of 4.3% (-370bps).JLR revenues were down by 9.2%...
Samsung Announces Exciting Offers on Galaxy Z Flip7 and Z Flip7FE in India
Business News, Feature

Samsung Announces Exciting Offers on Galaxy Z Flip7 and Z Flip7FE in India

Gurugram August, 2025.Samsung, India’s largest consumer electronics brand, today announced exciting limited-period offers on the recently launched – Galaxy Z Flip7 and Z Flip7 FE. With the new offers, a bank cash back or an upgrade bonus of up to INR 12000, the Galaxy Z Flip7 will be available at just INR 97999. Similarly, the Galaxy Z Flip7 FE will be available at just INR 85999, with the bank cash back or an upgrade bonus of up to INR 10000.Further sweetening the deal for consumers looking to buy Galaxy Z Flip7 and Z Flip7 FE, the bank cash back and upgrade bonus offers can be clubbed with a 24-month no-cost EMI option.Samsung's seventh generation foldable smartphones have seen unprecedented demand in India, with the company securing over 2.1 lakh pre-orders for Galaxy Z Fold...
DSP Mutual Fund launches India’s First Flexicap Index Fund
Business News, Feature

DSP Mutual Fund launches India’s First Flexicap Index Fund

Mumbai, August, 2025.DSP Mutual Fund launched the DSP Nifty500 Flexicap Quality 30 Index Fund*, a first-of-its-kind low-cost flexicap strategy that combines quality-only stocks and dynamic market cap allocation based on momentum triggers. This fund will mirror India’s first flexicap index, designed to help investors navigate shifting equity markets confidently.DSP recommends investors to take the SIP route as valuations (especially in quality small & mid-caps) can be high & unpredictable. SIPs help investors average their purchase cost over time, reduce the risk of catching a peak, and aligns with the philosophy behind this fund: disciplined, long-term investing in quality businesses across cycles.The new fund addresses the most common challenges faced by equity investo...
Signature Global Q1 FY26 Net Profit Jumps 386% YoY; Revenue More Than Doubles
Business News, Feature

Signature Global Q1 FY26 Net Profit Jumps 386% YoY; Revenue More Than Doubles

New Delhi, August  2025.Signature Global, one of India’s leading real estate development companies with a strong brand presence in Delhi-NCR, reported a 386% year-on-year increase in profit after tax (PAT), reaching INR 0.34 billion in Q1 FY26 compared to INR 0.07 billion in Q1 FY25. This growth was primarily driven by increased revenue recognition, which rose by 118% to INR 8.7 billion from INR 4.0 billion in the same quarter last year, owing to higher project completions. The company has cumulatively delivered 15.7 million sq. ft. of real estate development till Q1 FY26. The Company achieved pre-sales of INR 26.4 billion in Q1 FY26 versus INR 31.2 billion in Q1 FY25. Average sales realization improved significantly to INR 16,296 per sq. ft. from INR 12,457 per sq. ft. i...
HERO MOTOCORP REPORTS FINANCIAL RESULTS FOR Q1 FY’26 (APRIL-JUNE 2025)
Automobile News, Business News, Feature

HERO MOTOCORP REPORTS FINANCIAL RESULTS FOR Q1 FY’26 (APRIL-JUNE 2025)

New Delhi, August 2025Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, announced its financial results for the first quarter (April – June 2025) of FY’26.Standalone Revenue from Operations for the quarter stood at Rs. 9,579 Crore. EBITDA margin was 14.4% (previous year 14.4%), and Profit After Tax (PAT) stood at Rs. 1,126 Crore (previous year Rs. 1,123 Crore)On a consolidated basis, Revenue and PAT were Rs. 9,728 Crore and Rs. 1,706 Crore (previous Rs. 1,032 Crore), respectively.Consolidated profit for the quarter includes onetime gain of Rs. 722 Crore on account of dilution of the Company’s share of investment in associates consequent to Public Issue and Private Placement.During the quarter, Hero MotoCorp strengthened its product positionin...
India Records Highest Average Cost of a Data Breach at INR 220 million in 2025: IBM Report
Business News, Feature

India Records Highest Average Cost of a Data Breach at INR 220 million in 2025: IBM Report

New Delhi, ,August  2025.IBM today released its Cost of a Data Breach Report, which revealed the average total organizational cost of data breach in India reached an all-time high of INR 220 million in 2025 (13% higher than last year). The report also found that globally, AI adoption is greatly outpacing AI security and governance. While the overall number of organizations globally experiencing an AI-related breach is a small representation of the researched population, this is the first time security, governance and access controls for AI have been studied in this report, which suggests AI is already an easy, high value target.Only 37% of organizations reported having AI access controls in place in IndiaNearly 60% of organizations either don’t have AI governance pol...
Samsung India Launches 2025 Soundbar Lineup Featuring AI, Smart Versatility, and New Design
Business News, Feature

Samsung India Launches 2025 Soundbar Lineup Featuring AI, Smart Versatility, and New Design

Gurugram, August 2025.Samsung, India’s largest consumer electronics brand, today launched its 2025 soundbar line-up, introducing next-generation innovations in audio intelligence, adaptive design, and smart home integration. Tailored to suit modern Indian homes and viewing habits, the new soundbar range brings together enhanced performance and personalization across multiple form factors.The new lineup consists of flagship HW-Q990F and the convertible HW-QS700F models. The new range brings the latest global innovations to transform everyday entertainment into immersive experiences. The line-up features,AI Sound Optimization for real-time audio tuning tailored to contentDynamic Bass Control for deeper, more refined low-end sound without distortionActive Voice Amplifier ...
India a Strategic Market, Says Samsung’s JB Park, as New Foldables Delight Customers
Business News, Feature

India a Strategic Market, Says Samsung’s JB Park, as New Foldables Delight Customers

Gurugram, August 2025.Samsung's seventh generation foldable smartphones - Galaxy Z Fold7, Z Flip7 and Z Flip7 FE - have seen unprecedented demand in India and are stocked out in select markets, the company said. Samsung had received over 2.1 lakh pre-orders for Galaxy Z Fold7, ZFlip7 and Z Flip7 FE in the first 48 hours since their launch on July 9, 2025.In the backdrop of the stellar sales, Samsung Southwest Asia President and CEO JB Park said India is a key strategic market with immense potential and a key pillar in Samsung’s global future."Samsung remains optimistic about India’s growth trajectory, driven by government initiatives like Make in India, Digital India, and a robust digital ecosystem. Samsung continues to invest in innovation, manufacturing, and local value addit...
Oben Electric Launches Next-Gen Rorr EZ Sigma at an Introductory Price of ₹1.27 Lakh
Automobile News, Business News, Feature

Oben Electric Launches Next-Gen Rorr EZ Sigma at an Introductory Price of ₹1.27 Lakh

Bengaluru, August, 2025.Oben Electric, India’s homegrown R&D-driven electric motorcycle manufacturer, today announced the launch of Rorr EZ Sigma - the bold electric, next-generation electric commuter motorcycle at a special introductory price starting at ₹1.27 Lakh for a limited period. Designed to redefine city commuting for the modern Indian rider, Rorr EZ Sigma builds on the strong commuter-first DNA that made the Rorr EZ a success, introducing key hardware and software upgrades to elevate both experience and utility.New additions include Reverse Mode for easy maneuvering in tight urban spaces, while a 5-inch TFT colour display enhances dashboard interaction with built in navigation, trip meter, and real-time alerts for calls, messages, and music. An ergonomically redesigne...
Signature Global Receives CARE A+ Rating for ₹875 Crore Non-Convertible Debentures
Business News, Feature

Signature Global Receives CARE A+ Rating for ₹875 Crore Non-Convertible Debentures

New Delhi, August 2025.Signature Global (India) Ltd., one of India’s leading real estate companies, today announced that it has received a CARE A+ rating from credit rating agency CareEdge Ratings for its proposed long-term Non-Convertible Debenture (NCD) issue amounting to ₹875 crore. The company will utilise the NCD to refinance existing debt and support the company’s ongoing business expansion.The rating signifies a Stable outlook and reflects the belief that Signature Global is likely to sustain its strong sales and collection momentum from its ongoing projects.The company’s experience in the real estate industry, accompanied by a strong track record of having developed more than 146 lakh square feet of residential and commercial space, has played an important role in CareE...
Samsung Introduces Galaxy Book4 Edge AI PC with Qualcomm Snapdragon® X processor and Microsoft Copilot+ in India, Redefines AI-Powered Productivity
Business News, Feature

Samsung Introduces Galaxy Book4 Edge AI PC with Qualcomm Snapdragon® X processor and Microsoft Copilot+ in India, Redefines AI-Powered Productivity

Gurugram, August 2025.Samsung, India’s largest consumer electronics brand, announced the launch of Galaxy Book4 Edge, the next-generation AI-powered PC designed to transform personal computing.Levelling Up With AI ConnectivityGalaxy Book4 Edge is equipped with on-device AI capabilities and the new Microsoft Copilot+ integration. Built to function as an integral part of the Galaxy AI ecosystem, it allows users to enjoy seamless continuity between their smartphone and PC, including features like Link to Windows, Multi Control, and Second Screen, for extended productivity. Further, with Link to Windows, users can mirror their smartphone screens on the PC. Fan-favourite Galaxy AI features like Chat Assist and Live Translate are now available on the PC as well, expanding the power o...
Tata Motors signs MoU with Green Energy Mobility Solutions to supply 100 Magna EV intercity coaches
Automobile News, Business News, Feature

Tata Motors signs MoU with Green Energy Mobility Solutions to supply 100 Magna EV intercity coaches

Chennai, August 2025.Tata Motors, India’s largest commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU) with Green Energy Mobility Solutions Pvt. Ltd (GEMS), the electric mobility arm promoted by Universal Bus Services (UBS) to supply 100 state-of-the-art Magna EV intercity coaches. The signing took place at Passenger Vehicle Expo 2.0 in Chennai, where Tata Motors is showcasing its latest commercial passenger mobility solutions, including the all-electric Magna EV and the LPO 1822, designed for superior performance, exceptional passenger comfort and best-in-class total cost of ownership.Universal Bus Services is a prominent premium intercity travel brand in South India, known for its innovation, reliability, and customer-centric services. Its newly incorporate...
Tata Motors registered total sales of 69,131 units in July 2025
Automobile News, Business News, Feature

Tata Motors registered total sales of 69,131 units in July 2025

Mumbai, August 2025.Tata Motors Limited sales in the domestic & international market forJuly 2025 stood at 69,131 units, compared to 71,996  units during July 2024.Domestic Sales Performance:CategoryJuly 2025July 2024% change (Y-o-Y)Total Domestic Sales65,95370,161-6%Commercial Vehicles:CategoryJuly 2025July 2024Growth (Y-o-Y)HCV Trucks6,7356,4934%ILMCV Trucks5,0684,34117%Passenger Carriers4,7494,4247%SCV cargo and pickup9,88010,178-3%CV Domestic26,43225,4364%CV IB2,5241,60657%Total CV28,95627,0427%Domestic sale of MH&ICV in July 2025, including trucks and buses, stood at 12,387 units, compared to 11,174units in July 2024.Total sales for MH&ICV Domestic & International Business in July 2025, including trucks and buses, stood at13,669 units co...
HERO MOTOCORP DISPATCHES 4.5 LAKH UNITS OF MOTORCYCLES & SCOOTERS IN JULY 2025, ACHIEVES 21% YEAR-ON-YEAR GROWTH
Automobile News, Business News

HERO MOTOCORP DISPATCHES 4.5 LAKH UNITS OF MOTORCYCLES & SCOOTERS IN JULY 2025, ACHIEVES 21% YEAR-ON-YEAR GROWTH

New Delhi, August , 2025.Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, dispatched 449,755 units in July 2025, registering a 21% increase over 370,274 units recorded in July 2024.Hero MotoCorp registered over 339,827 VAHAN* retail registrations in July 2025, in line with market trends across both urban and rural regions. Retail activity remained stable, and with the upcoming festive season, volumes are projected to rise in the coming months.*Data from VAHAN, excluding Telangana, as on August 1, 2025.During the month, the company strengthened its presence across key segments. In scooters, market share gains were led by the strong performance of the Destini 125 and Xoom 125.In the motorcycle category, Hero MotoCorp expanded the HF Deluxe Portfoli...
Samsung Announces ‘Big Celebration, Bigger Screen’ Blockbuster Deals on Vision AI TV to Celebrate Independence Day in INDIA
Business News, Fashion & Lifestyle, Feature

Samsung Announces ‘Big Celebration, Bigger Screen’ Blockbuster Deals on Vision AI TV to Celebrate Independence Day in INDIA

Gurugram, August 2025.Samsung, India’s largest consumer electronics brand, has announce its nationwide ‘Big Celebration, Bigger Screen’ campaign to celebrate the spirit of Independence Day. The campaign will run from August 1-31, 2025, across retail stores and online platforms, offering consumers the chance to upgrade their entertainment experience with irresistible deals on Samsung’s Vision AI Big TVs. Powered by Samsung’s Vision AI, these TVs deliver a refined and immersive home entertainment experience with intelligent picture, sound, and content optimization tailored to user preferences.Over the years, Samsung has led the way in making festive shopping more rewarding for its consumers, As part of the promotion, customers purchasing select 55-inch and above models from Samsung’s...
Come to Techstination 2025 at Nexus Celebration Mall and explore the latest electronics, shop and avail exciting offers
Business News, Feature, Rajasthan News

Come to Techstination 2025 at Nexus Celebration Mall and explore the latest electronics, shop and avail exciting offers

Udaipur, August 2025.Techstination, the flagship Tech IP of Nexus Select Malls, has made its way to Nexus Celebration Mall, Udaipur, bringing with it a wide array of the latest electronics and exciting offers. From 26th July to 17th August 2025 shoppers can explore the best in gadgets, appliances, and accessories from leading brands all under one roof.This year’s edition is extra special with the exclusive Shop & Win offer. Customers who shop electronics worth ₹1,00,000 or more during the event stand a chance to win a premium luggage trolley bag. Whether you are upgrading your smartphone, getting the latest home appliances, or exploring trending tech gadgets, Techstination promises an unmatched shopping experience.Shoppers can browse through the latest in sma...
Knowledge Realty Trust’s Rs 4,800 crore Initial Public Offering to open on Tuesday, August 05, 2025
Business News, Feature, National News

Knowledge Realty Trust’s Rs 4,800 crore Initial Public Offering to open on Tuesday, August 05, 2025

Mumbai, August, 2025.Knowledge Realty Trust (“REIT”), India’s largest REIT by Gross Asset Value (“GAV”)* and most geographically diverse office REIT upon listing, has fixed the price band for the Issue at ₹95 to ₹100 per Unit.The Bid/Issue opens Tuesday, August 05, 2025 and closes Thursday, August 07, 2025. The minimum bid size is ₹15,000, the minimum investment amount. Bids can be made for a minimum of 150 Units and in multiples of 150 Units thereafter by bidders other than Anchor Investors and Strategic Investors.This comprises a fresh issuance of Units up to ₹4,800 crore by the Knowledge Realty Trust (the “Issue”). This Issue is being made through the Book Building Process and in compliance with the Securities and Exchange Board of India (Real Estate Investment Trusts) ...
Coca-Cola India Provides Hydration and Comfort During Shravan
Business News, Feature, Food and Beverages

Coca-Cola India Provides Hydration and Comfort During Shravan

New Delhi, July, 2025.The months of Shravan (July-August) are celebrated in the regions of Uttar Pradesh, Uttarakhand, Bihar and Jharkhand, and are considered a time of cultural vibrancy and social harmony. All through Shravan, Coca-Cola India supported several commuters and travelers with availability of its beverages. Along with its bottling partners, the company deployed its diverse portfolio of beverages providing refreshment at key hydration and rest points along major routes. Commuters travel several kilometers every day on foot and require adequate facilities during the duration of their travel. Coca-Cola provided rest areas, comfort packages, changing facilities equipped with shower, mist areas and giant mist bottles to give respite during walking, and seating pl...
Samsung Galaxy Z Fold 7 Stocked Out in Select Markets in India; Company Witnesses Unprecedented Demand
Business News, Feature

Samsung Galaxy Z Fold 7 Stocked Out in Select Markets in India; Company Witnesses Unprecedented Demand

Gurugram, July 2025.Samsung, India’s largest consumer electronics brand, today said that it is witnessing unprecented demand for the Galaxy Z Fold7, with the smartphone being ‘out-of-stock’ in select markets across the country. The company is taking necessary steps at its manufacturing factory in Noida to meet the unprecedented demand.Samsung India had earlier announced that it has received a record 210,000 pre-orders for its seventh generation foldables - Galaxy Z Fold7, Galaxy ZFlip7 and Galaxy Z Flip7 FE – in just 48 hours in India - signaling rapid mainstreaming of the foldable form factor in India.“We would like to thank India’s tech-savvy consumers for giving the Galaxy Z Fold7 a blockbuster start. We are aware that many markets in the country are facing a shortfall ...
Samsung Celebrates Independence Day with The Big Bespoke AI Fest, Unlocks Smarter and Connected Living for Indian Homes
Business News, Feature

Samsung Celebrates Independence Day with The Big Bespoke AI Fest, Unlocks Smarter and Connected Living for Indian Homes

Gurugram, 31st July 2025.Samsung, India’s largest consumer electronics brand, is celebrating Independence Day with The Big Bespoke AI Fest, inviting consumers to upgrade their homes with the latest AI-powered digital appliances. Running from August 1 to 17, 2025, this limited-time campaign offers exclusive benefits on Samsung’s Bespoke AI range, which include refrigerators, washing machines, air conditioners, and microwaves. Built to simplify life and last longer, these innovations combine connected intelligence with timeless design, now made more accessible through affordability and benefit.During the Big Bespoke AI Fest, consumers can enjoy up to INR 50,000 cashback on the newly launched 25kg Bespoke AI Laundry Combo, a fully automatic washer-dryer built for larger Indian househo...
TATA MOTORS TO ACQUIRE IVECO GROUP,TOGETHER CREATING A GLOBAL PLAYERIN COMMERCIAL VEHICLES
Automobile News, Business News, Feature, National News

TATA MOTORS TO ACQUIRE IVECO GROUP,TOGETHER CREATING A GLOBAL PLAYERIN COMMERCIAL VEHICLES

Mumbai, July 2025.Iveco Group N.V. (“Iveco Group” or “Iveco”) (EXM: IVG), a European leader in commercial vehicles and mobility, and Tata Motors Limited (“Tata Motors”) (NSE: TATAMOTORS), a global automotive leader, announce that they have reached an agreement to create a commercial vehicles group with the reach, product portfolio and industrial capability to be a global champion in this dynamic sector.The envisaged recommended voluntary tender offer (the “Offer”)will be made by TML CV Holdings PTE LTD or a new limited liability company to be incorporated under Dutch law (the “Offeror”), which will be wholly owned, directly or indirectly, by Tata Motors. The completion of the offer is conditional, inter alia, on the separation of Iveco's defence business and, as such, the public of...
ABD Delivers a Strong Performance, PAT Surged 5x in Q1 FY26
Business News, Feature

ABD Delivers a Strong Performance, PAT Surged 5x in Q1 FY26

Mumbai, July 2025.Allied Blenders and Distillers Limited (ABD), the largest domestic spirits company by volume in India, has announced its unaudited financial results for the quarter Q1FY26.Snapshot of Consolidated Financial Results:  Performance Highlights of the Quarter Q1FY26:Post IPO in July-24, 4th consecutive quarter of strong profitable performanceIncome from Operations at ₹ 930 crore, up 22.5% vs ₹  759 crore in Q1FY25Strong quarter EBITDA of ₹ 119 crore, up 56.4% vs ₹ 76 crore in Q1FY25PAT at ₹ 56 crore, up 398.6% vs ₹ 11 crore in Q1FY25Commenting on the results, Alok Gupta, Managing Director of ABD, stated, “This quarter marks our fourth consecutive quarter of strong performance validating our strategy of prioritizing profitable volume growt...
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