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IndusInd Bank share price lapse over 5%, fined ₹30 crore for ‘various GST issues’
26 Mar

IndusInd Bank share price lapse over 5%, fined ₹30 crore for ‘various GST issues’

Business CorrespondentBusiness, News
IndusInd Bank share price dropped over 5% on Tuesday after the private lender said GST authorities in Thane district have imposed a penalty of over ₹30.15 crore on it for various issues. Shares of IndusInd Bank fell 5.32% to ₹633.55 on the BSE.IndusInd Bank, which is already facing scrutiny over derivative account anomalies, also said it may file an appeal against the GST order.In a regulatory filing on March 24, IndusInd Bank said, "…we inform that a penalty of Rs 30,15,18,000/- has been imposed on the bank by the Joint Commissioner of CGST and Central Excise, Thane Commissionerate for various…
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Silver prices jump: Rs 598 rose to Rs 98,091 per kg
25 Mar

Silver prices jump: Rs 598 rose to Rs 98,091 per kg

Business CorrespondentBusiness, News
New Delhi, March 25 Silver prices rose by Rs 598 to Rs 98,091 per kg on Tuesday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 598, or 0.61 per cent, to Rs 98,091 per kg in a business turnover of 18,621 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.56 per cent higher at $33.20 per ounce in New York.
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Toyota Kirloskar Motor strengthens sustainability drive on World Forest Day & World Water Day
25 Mar

Toyota Kirloskar Motor strengthens sustainability drive on World Forest Day & World Water Day

Business BureauBusiness
Toyota Kirloskar Motor (TKM) reaffirmed its commitment to environmental sustainability on World Forest Day and World Water Day, aligning with the Toyota Environmental Challenge 2050 (TEC 2050). The company continues its efforts to minimize carbon emissions, optimize water usage, and enhance biodiversity conservation. At its Karnataka facility, TKM follows a ‘4R’ water strategy—Reduce, Reuse, Recycle, and Recharge—meeting 89.3% of its production water needs through recycled water and rainwater harvesting. With a rainwater storage capacity of 51,000 cubic meters and 18 groundwater recharge pits, the company is progressing towards becoming a Zero Liquid Discharge plant. Its afforestation initiatives have resulted in…
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Silver futures surge: Prices inflation to Rs 98,406 per kg
24 Mar

Silver futures surge: Prices inflation to Rs 98,406 per kg

Business CorrespondentBusiness, News
New Delhi, March 24 Silver prices rose by Rs 522 to Rs 98,406 per kg on Monday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 522, or 0.41 per cent, to Rs 98,406 per kg in a business turnover of 19,237 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.39 per cent higher at $33.16 per ounce in New York.
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Bandhan Bank partners with Salesforce to enhance AI-powered lending
24 Mar

Bandhan Bank partners with Salesforce to enhance AI-powered lending

Business BureauBusiness
Bandhan Bank has joined hands with Salesforce to overhaul its loan origination systems (LOS) and drive AI-powered digital banking transformation. The collaboration aims to streamline loan processing and enhance customer experience by leveraging cutting-edge technology. With over 6,300 outlets across 35 states and union territories, Bandhan Bank has been a key player in financial inclusion. By consolidating multiple LOS into AI-driven platforms, the bank has significantly improved operational efficiency. Salesforce’s Lightning Platform is being used for housing finance LOS, while Sales Cloud facilitates commercial loans, ensuring a seamless loan lifecycle from customer onboarding to disbursal. Arundhati Bhattacharya, President & CEO…
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PMI reiterates its resolve to eradicate the illegal tobacco trade
24 Mar

PMI reiterates its resolve to eradicate the illegal tobacco trade

Business BureauBusiness
During a recent session on ‘Switching Off Illicit Cigarettes’, Rodney Van Dooren, Head of Illicit Trade Prevention Asia Pacific, Philip Morris International (PMI), has underlined the importance of securing cross border collaboration and stringent enforcement to combat tobacco black market in ASEAN region. Over the past year, governments and relevant agencies across the ASEAN region have intensified their efforts to combat cigarette black market. However, the problem remains severe, with 1 in 4 cigarettes consumed in these countries being illegal. The World Health Organisation (WHO) Framework Convention on Tobacco Control identifies India as both a transit hub and a key…
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ASCI report calls for more inclusive depictions of masculinity in media
22 Mar

ASCI report calls for more inclusive depictions of masculinity in media

Business BureauBusiness
The Advertising Standards Council of India’s (ASCI) Academy, in collaboration with the Unstereotype Alliance (convened by UN Women) and knowledge partners Religious Brands, has released a groundbreaking report, Manifest: Masculinities Beyond the Mask. The report, unveiled at ASCI Academy’s Global Adda during the ICAS Global Dialogues Summit, examines the evolving landscape of masculinity in media and society. The study highlights the "crisis" of traditional masculinity, where men feel increasingly alienated amid shifting societal norms and the rise of gender equality. It calls for a broader and more nuanced representation of men in media and advertising, moving beyond rigid stereotypes. The…
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IDBI Bank shares inflation nearly 8% to nine-week high on privatisation hopes
22 Mar

IDBI Bank shares inflation nearly 8% to nine-week high on privatisation hopes

Business CorrespondentBusiness, News
IDBI Bank shares rallied nearly 8 percent on March 21 with trading volumes double the 20-day average, pushing the stock to a nine-week high for the fifth consecutive session. According to DIPAM Secretary Arunish Chawla, the disinvestment process of IDBI Bank is still on and is expected to be finalised in the next three months. In an exclusive interview with Network18, Chawla informed that major hurdles, including data room issues, have been resolved and due diligence has been completed. The government and LIC together are in the process of selling 61% stake in IDBI Bank, with the Centre holding 30.48…
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Zee Entertainment shares inflation 6% as CLSA sees stock price doubling in 12-24 months
21 Mar

Zee Entertainment shares inflation 6% as CLSA sees stock price doubling in 12-24 months

Business CorrespondentBusiness, News
Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 6% on March 20 after brokerage firm CLSA sees stock price doubling in the next 12-24 months. The foreign brokerage believes advertising revenue-led growth could lead to a rerating of the stock, as it suggested a target price of Rs 170. Zee's EBITDA margin has grown 9 per cent from the bottom and even assuming 6 per cent year-on-year (YoY) advertising growth, Zee could post 22-23 per cent year-on-year (YoY) growth in EBITDA and profit after tax in FY26-27, CNBC-TV18 reported CLSA. On March 20, Zee Entertainment shares were trading 6% higher…
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Aluminium futures prices inflation on fresh deals
20 Mar

Aluminium futures prices inflation on fresh deals

Business CorrespondentBusiness, News
New Delhi, March 20: Aluminium prices on Thursday rose by 45 paise to Rs 262.10 per kg in the futures market due to fresh deals by speculators amid positive trend in the spot market. The price of aluminium contract for April delivery on the Multi Commodity Exchange rose by 45 paise or 0.17 per cent to Rs 262.10 per kg in a business of 1,375 lots. Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.
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