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07 Jan

Seagram’s Royal Stag partners with Netflix’s Squid Game Season 2 for a groundbreaking collaboration

Business BureauBusiness

Seagram’s Royal Stag has joined forces with Netflix’s global hit, Squid Game, for an iconic collaboration that promises to bring the show's cultural phenomenon to the forefront. The partnership, which marks the second season of Squid Game, aligns with Royal Stag’s ‘Live It Large’ philosophy, offering fans an unparalleled experience to immerse themselves in the world of the record-breaking series. “We’re excited to tap into the immense popularity of K-culture, especially among the youth, with this collaboration,” said Joydeep Basuroy, General Manager – Marketing at Pernod Ricard India. “Royal Stag has always resonated with those who dream big, much like…

07 Jan

NTPC Green Energy shares rose on winning 1000 MW power project

Business CorrespondentBusiness, News

NTPC Green Energy share price rose over one per cent in early trade on January 6 after the company's subsidiary bagged a 1000 MW power project from Uttar Pradesh Power Corporation Limited (UPPCL). At 09:27 am, NTPC Green Energy was quoting at Rs 129.95, up Rs 1.60 or 1.25 percent on the BSE. The company's arm NTPC Renewable Energy (NTPC REL) bagged a 1000 MW capacity at an impressive rate of Rs 2.56/kWh, however, the Letter of Award (LoA) from UPPCL is awaited. The wholly-owned subsidiary has emerged as a successful bidder in the e-reverse auction conducted by UPPCL for…

06 Jan

Ujjivan Small Finance Bank reports strong growth in Q3 FY25

Business BureauBusiness

Ujjivan Small Finance Bank (USFB) has announced impressive financial results for the quarter ending December 31, 2024, marking significant year-on-year growth across key business metrics. Total deposits reached ₹34,496 crore, a 16% increase compared to ₹29,669 crore in the same period last year. The bank’s CASA (Current Account Savings Account) deposits grew by 15%, reaching ₹8,657 crore. On the asset side, the bank's gross loan book stood at ₹30,466 crore, up 10% from ₹27,743 crore in December 2023. The affordable housing segment saw the highest growth with a 45% surge, while MSME loans grew by 21%. Ujjivan also saw a…

06 Jan

India’s foreign exchange reserves continue to lapse, down 10% from peak

Business CorrespondentBusiness, News

India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month lowIndia's foreign exchange reserves continue to decline, continuing a three-month long decline. In the week ended December 27, the country's foreign exchange reserves fell by $4.112 billion to $640.279 billion, data from the Reserve Bank of India (RBI) showed.India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month low.The reserves have been declining ever since they touched an all-time high of $704.89 billion in September. Effectively, it is now down by about 10 per cent from the peak.The…

04 Jan

Bandhan Bank Q3 update: Deposits upsurge 20%, CASA deposits rise

Business CorrespondentBusiness, News

Private sector lender Bandhan Bank on Saturday, January 4, announced its business update for the October-December quarter. The lender's loans and advances grew 15% year-on-year to ₹133,285 crore as against ₹115,940 crore in the same period last year. Sequentially, it grew 2%. Total deposits grew 20% year-on-year to ₹140,999 crore as against ₹117,422 crore in the same period a year ago, the bank said in an exchange filing. CASA deposits grew 5.5% year-on-year to ₹44,735 crore, up from ₹42,413 crore last year, the private bank said in a BSE filing. The bank's current and savings account ratio stood at 31.7%,…

04 Jan

Godrej Agrovet’s launch of Pride Hog

Business BureauBusiness

Godrej Agrovet Limited has unveiled Godrej Pride Hog, an innovative range of pig feed scientifically formulated to provide optimal nutrition at every stage of a pig's lifecycle. This new product line includes three variants: Starter, Grower, and Finisher, each designed to promote better health, immunity, and growth for pigs. The launch event featured a roundtable discussion in Guwahati, focusing on preventive measures against African Swine Fever (ASF) and best practices for pig farm management. Notable industry experts, including Dr. Purnananda Konwar from the Assam Livestock and Poultry Corporation Ltd and Capt. (Dr.) A.Y. Rajendra, CEO of Godrej Agrovet's Animal Feed…

03 Jan

HDFC Mutual Fund expands financial footprint with 25 new branches nationwide

Business BureauBusiness

HDFC Mutual Fund has unveiled 25 new branches across India, reinforcing its commitment to financial inclusion. The newly inaugurated Business Centres are strategically located in cities such as Bharatpur, Bhusaval, Varachha, Bopal, Wakad, Chittorgarh, and Berhampore, among others. This expansion takes the total number of HDFC Mutual Fund branches to over 250, underscoring the company's mission to bring wealth creation opportunities closer to every Indian. The addition of branches in emerging hubs like Berhampore (Murshidabad) is particularly significant. Berhampore, known for its growing market potential, will benefit from enhanced access to financial services and investment solutions. This move is expected…

03 Jan

Capital Small Finance Bank’s total deposits upsurge 12% to ₹8,384 crore in Q3

Business CorrespondentBusiness, News

Capital Small Finance Bank Limited (CSFB) has recorded a 12% year-on-year (YoY) growth in total deposits for the quarter ended December 31, 2024, reaching ₹8,384 crore. This growth is also accompanied by significant progress in loan disbursements, improved asset quality and strong liquidity metrics. Loan advances up 19.2%: The Bank's gross advances reached ₹6,816 crore, registering a growth of 19.2% year-on-year (YoY). Around 99.8% of the portfolio remains secured. Asset quality remains strong: CSFB demonstrated improved asset quality, with the gross non-performing asset (NPA) ratio declining to 2.67% from 2.97% in the same quarter last year. Deposits grew to ₹8,384…

02 Jan

Eicher Motors shares upsurge over 6% as the company reported a 25% rise in motorcycle sales in Decembe

Business CorrespondentBusiness, News

Shares of Royal Enfield maker Eicher Motors rose over 6% on January 2 after the company reported a 25% rise in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales rose 25% to 79,466 units in December as against 63,387 units in the same period a year ago. The company's international business also performed better, rising 90% to 11,575 units. At 11:50 am on January 2, Eicher Motors shares were trading over 6% higher at Rs 5,199.5 per share. The stock has a market capitalisation of Rs 1.43 lakh crore. B Govindarajan, CEO,…

31 Dec

RVNL shares upgraded 8% on bagging two projects worth Rs 541 crore

Business CorrespondentBusiness, News

Shares of Rail Vikas Nigam Limited rallied nearly eight per cent in the morning session on the last trading day of 2024. The railway firm was declared the lowest bidder for the two projects. As a result, RVNL shares snapped a nine-session losing streak. At 11.50 am, the stock was at Rs 427.4 on the NSE, up 4.7 percent from its previous session closing price. First, RVNL won a Rs 137-crore project from the Central Railway. RVNL has 24 months to complete the project. The railway firm will undertake design, supply, construction, testing and commissioning of 132/55 kV traction substations,…