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Sanofi India Q4 revenue, EBITDA inflation; ₹117 final dividend recommended
28 Feb

Sanofi India Q4 revenue, EBITDA inflation; ₹117 final dividend recommended

Business CorrespondentBusiness, News
Sanofi India Limited (SIL) reported steady growth in Q4 2024, with revenue growing 9.7% year-on-year (YoY) to ₹514.9 crore, compared to ₹469.2 crore in the same quarter last year. EBITDA grew 18.8% year-on-year to ₹118.3 crore, from ₹99.6 crore. Operating margins also improved to 23%, compared to 21.2% in Q4 2023. However, the company's net profit declined 33.7% to ₹91.3 crore, from ₹137.7 crore a year ago. On the bright side, the board has recommended a final dividend of ₹117 per equity share of ₹10 face value, subject to shareholders' approval at the forthcoming Annual General Meeting. Sanofi India's recent…
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Mizoram to host NITI Aayog’s women empowerment program
27 Feb

Mizoram to host NITI Aayog’s women empowerment program

Sonakshi SarkarMizoram
Mizoram Chief Minister Lalduhoma met with NITI Aayog member Dr. Vinod Kumar Paul at Aijal Club on February 26, emphasizing the opportunities and benefits the state could gain from the high-level visit. The meeting, attended by Mizoram’s council of ministers, senior officials, and NITI Aayog representatives, focused on key developmental initiatives. Lalduhoma expressed confidence that NITI Aayog’s engagement would drive innovation and economic growth in Mizoram. Dr. VK Paul reaffirmed NITI Aayog’s commitment to Viksit Bharat 2047, praising Mizoram for achieving India’s lowest infant mortality rate in the past two years. He highlighted the state’s potential for sustainable development through…
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Tripura CM Dr. Manik Saha urges support for One Nation, One Election
27 Feb

Tripura CM Dr. Manik Saha urges support for One Nation, One Election

Sonakshi SarkarTripura
Tripura Chief Minister Prof. Dr. Manik Saha has emphasized that the implementation of the One Nation, One Election initiative will play a crucial role in strengthening democracy, increasing voter participation, and reducing economic burdens. Speaking at a discussion at Rabindra Shatabarshiki Bhawan, Dr. Saha highlighted the positive impact of the initiative, stating that frequent elections disrupt governance, education, and development. He pointed out that businessmen were once seen as adversaries of society under the previous Left Front regime, but under Prime Minister Narendra Modi’s leadership, their role is now respected. Dr. Saha stressed that frequent elections disrupt schools, increase costs,…
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Bajaj Allianz Life, ICICI Lombard boost insurance awareness in Tripura
27 Feb

Bajaj Allianz Life, ICICI Lombard boost insurance awareness in Tripura

Business BureauBusiness
Bajaj Allianz Life Insurance and ICICI Lombard General Insurance are intensifying efforts to expand insurance awareness in Tripura under the State Insurance Plan. The recently concluded fourth State Level Insurance Committee (SLIC) meeting reaffirmed their commitment to bridging the insurance gap and promoting financial security in the state. The SLIC meeting, attended by key officials including Tripura Finance Secretary Apurva Roy and Director (Institutional Finance) Rakhi Biswas, reviewed the progress of various insurance awareness initiatives. The committee plays a crucial role in implementing IRDAI’s ‘Insurance for All by 2047’ vision, ensuring that both urban and rural populations in Tripura benefit…
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Breakthrough in Computing: China Develops World’s Fastest Supercomputer
27 Feb

Breakthrough in Computing: China Develops World’s Fastest Supercomputer

Sonakshi SarkarInternational
China has announced the development of the world’s fastest supercomputer, designed to process complex scientific calculations at an unprecedented speed. The supercomputer, named "Dragon AI," will be used for space research, climate modeling, and drug discovery. Scientists say this advancement will accelerate global research in medicine, artificial intelligence, and physics. The Chinese government plans to share its computing power with international research institutions. This development places China ahead in the global race for technological supremacy, challenging the dominance of the US and Europe in high-performance computing.
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Europe’s Toughest Plastic Waste Law Comes into Effect in the UK
27 Feb

Europe’s Toughest Plastic Waste Law Comes into Effect in the UK

Sonakshi SarkarInternational
The United Kingdom has implemented the strictest plastic waste regulations in Europe, banning single-use plastic items such as cutlery, plates, and packaging. The new law aims to reduce plastic pollution and encourage businesses to adopt eco-friendly alternatives. Supermarkets and restaurants are now required to use biodegradable materials, and failure to comply could result in heavy fines. Environmental activists have praised the move, calling it a major step toward sustainability. The UK government hopes this initiative will inspire other nations to take stricter measures against plastic waste.
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Arunachal’s deputy CM attends Yangte’s silver jubilee Nyokum Yullo celebration
27 Feb

Arunachal’s deputy CM attends Yangte’s silver jubilee Nyokum Yullo celebration

Banasree SarkarArunachal Pradesh
At the great Nyokum Yullo Silver Jubilee celebration in Yangte, Kra Daadi District, which commemorated 25 years of the Central Nyokum Yullo Celebration in the area, Deputy Chief Minister Chowna Mein was there. The occasion was a colorful exhibition of the long-standing customs of the Nyishi community, signifying solidarity, pride in one's culture, and ancestry. DCM Mein expressed his sincere congratulations to the Yangte people and underlined the significance of conserving Arunachal's native customs and culture. Mein promised ongoing support for cultural development in the state and reaffirmed the government's dedication to maintaining native languages, tribal customs, and traditions. He…
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Tata AIA strengthens financial awareness as Mizoram celebrates 38th Statehood Day
27 Feb

Tata AIA strengthens financial awareness as Mizoram celebrates 38th Statehood Day

Business BureauBusiness
As Mizoram marks 38 years of statehood, Tata AIA Life Insurance has reaffirmed its commitment to enhancing financial inclusion in the state. Despite Mizoram’s high literacy rate of 92% and a strong economic growth of 10.14% in FY 2022-23, insurance penetration remains low, with only 64,142 policies sold in FY23, generating an annualized premium of ₹269.15 crore. Recognizing this gap, Tata AIA, Mizoram’s designated Lead Insurer, has launched a series of financial awareness initiatives aligned with IRDAI’s vision of “Insurance for All by 2047.” Over the last two years, Tata AIA has reached over 8 lakh people in the state…
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Zomato shares will rose 39% as it builds on accelerated commerce leadership, says Bernstein
27 Feb

Zomato shares will rose 39% as it builds on accelerated commerce leadership, says Bernstein

Business CorrespondentBusiness, News
Brokerage firm Bernstein on Tuesday, February 25, said it is positive on Zomato and has projected a 39.2% upside on the stock from its previous close price. The brokerage has given Zomato an "outperform" rating and a price target of ₹310 per share, slightly higher than its recent peak of ₹304, thereby marking a 27% downside to Monday's close price. Bernstein said the competitive intensity of instant commerce has been a major point of debate given the ongoing land grab and marketing dollars in Zomato and its peers Swiggy and Zepto. However, unlike the pre-IPO mode, the brokerage believes the…
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