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18 Nov

Crompton Greaves shares gain 7% on the back of a stellar second quarter performance

Business CorrespondentBusiness, News

Shares of Crompton Greaves Consumer Electrical rose 7 per cent after the company reported a rise in its consolidated net profit and revenue for the quarter ended September. At 1.40 pm, Crompton Greaves shares were trading 4 per cent higher at Rs 385. The stock has gained 23 per cent on a year-to-date basis, outperforming the Nifty 50, which rose 8 per cent during the same time frame. The company reported a 27.8 per cent rise in consolidated net profit to Rs 124.9 crore, while revenue from operations rose 6.4 per cent to Rs 1,896 crore. Segment-wise, revenue from electric…

18 Nov

Alpenliebe Juzt Jelly introduces India’s first-ever heart-shaped dual-layer jelly

Business BureauBusiness

Alpenliebe Juzt Jelly, the iconic brand from the house of Perfetti Van Melle, has introduced India’s first-ever heart-shaped, dual-layer jelly, crafted to deliver a unique sensory journey at an affordable price of INR 2. This innovative jelly features two distinct layers—a soft-foamy layer and a jelly layer, leading to a soft & chewy experience—creating a delightful combination that enhances the overall consumption experience. Alpenliebe Juzt Jelly continues to lead innovation in the jelly segment, delivering a delightful blend of fun, flavor, and texture in every bite for an elevated confectionery experience. This unique product stands out in the evolving jelly…

17 Nov

EESL launches National Efficient Cooking Programme in Tripura

Business BureauBusiness

Energy Efficiency Services Limited (EESL) inaugurated the National Efficient Cooking Programme (NECP) in Tripura, distributing 2,000 induction cooktops to Anganwadi Centres across the state. This initiative, in collaboration with the Tripura State Electricity Corporation Limited (TSECL) and the Bureau of Energy Efficiency (BEE), aims to promote energy efficiency and transition to clean electric cooking methods. The event was attended by key officials, including Tripura's Minister of Power, Shri Ratan Lal Nath, and EESL's CEO, Shri Vishal Kapoor. This program addresses health and environmental concerns associated with traditional biomass cooking, offering a cost-effective and safer alternative. Minister Ratan Lal Nath highlighted…

16 Nov

Narmada Agrobase Q2 results: Company reports gain in net profit on lower expenses

Business CorrespondentBusiness, News

Narmada Agrobase Ltd has reported a manifold jump in net profit to Rs 1.29 crore in the July-September quarter on lower expenses. Revenue from operations for the second quarter of 2024-25 stood at Rs 10.24 crore as against Rs 11.40 crore in the previous year, the company said in a statement. Expenses declined to Rs 8.51 crore in the second quarter of FY25 from Rs 11.24 crore in the year-ago period. Operating profit or earnings before interest and tax depreciation amortisation increased to Rs 2.06 crore due to lower inventory and raw material costs. The company remains optimistic about its…

16 Nov

UTI Mutual Fund expands footprint with new financial centre in Birbhum

Business BureauBusiness

UTI Asset Management Company (UTI AMC) is set to enhance its presence in India with the opening of a new UTI Financial Centre (UFC) in Birbhum, West Bengal. Located at Pankajini Lodge, Ground Floor, Shantiniketan Road, Bhubandanga, Bolpur, the new centre will be inaugurated on November 18, 2024, as part of the company’s initiative to open 19 UFCs across South, East, and Northeast India. This strategic expansion is aimed at fostering financial inclusion and making mutual fund investments more accessible to investors in smaller cities and towns. Speaking about the expansion, Mr. Imtaiyazur Rahman, Managing Director and CEO of UTI…

16 Nov

UTI Mutual Fund expands reach, opens new financial centre in Aizawl

Business BureauBusiness

UTI Asset Management Company (UTI AMC), a prominent player in India’s mutual fund industry, is set to enhance its regional presence by inaugurating a UTI Financial Centre (UFC) at A 57, Zote Bakery, Lower Zarkawt, Chanmari, Aizawl, on November 18, 2024. The new centre is part of UTI’s plan to establish 19 UFCs across South, East, and Northeast India, aiming to bring the benefits of mutual fund investments closer to underserved areas and B30 cities. UTI AMC’s MD and CEO, Mr. Imtaiyazur Rahman, emphasized the company’s commitment to accessibility, saying, “Our goal is to ensure seamless access to our services…

15 Nov

LG launches new XBOOM series for powerful and portable sound experiences

Business BureauBusiness

LG Electronics has launched its latest XBOOM audio series in India, featuring models XG2T, XL9T, and XO2T, designed to deliver immersive sound with durability and stylish design for both indoor and outdoor settings. This line, aimed at audio enthusiasts, combines powerful sound, enhanced bass, and customizable lighting, making it suitable for a variety of settings, from family gatherings to outdoor adventures. Brian Jung, Director of Home Entertainment at LG Electronics India, emphasized LG’s commitment to innovation in audio technology. “Our new XBOOM series merges convenience with technology, providing powerful audio, lighting features, and portability to elevate our customers’ listening experiences…

15 Nov

Toyota Kirloskar Motor launches the Special Limited Edition across its popular models

Business BureauBusiness

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 Taisor and 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. Mr. Sabari Manohar –…

15 Nov

Jio Financial Services shares jump 7 on inclusion in F&O contract

Business CorrespondentBusiness, News

Shares of Jio Financial Services rose 7 to an intraday high of Rs 320.50 after NSE included the company in F&O contract.NSE released that futures and options contracts on 45 stocks, including Jio Financial Services, will start trading from November 29.In a indirect, NSE said, “ Members are advised to note that predicated on the stock selection criteria laid down by SEBI vide indirect no. SEBI/ HO/ MRD/ MRD- POD- 2/ P/ CIR/ 2024/116 dated August 30, 2024 and upon receipt of approbation from SEBI, members are hereby notified that futures and options contracts on the following 45 fresh securities…

14 Nov

HAL Q2 net profit inflation by 22 percent to Rs 1,510 crore, shares appreciate by more than 2 percent

Business CorrespondentBusiness, News

The HAL Q2 Results saw a marginal PBT growth close to 8 percent.On November 2030, Hindustan Aeronautics Limited published an announcement alleging a consolidated net profit of close to Rs 1510.49 crores that compounded year on year by 22.14%. It was lesser the PBT of Rs 1236.67 crores registered by the company in the July September quarter of the year beginning the fiscal year March 2024, the document mentions.Revenue for the second quarter reached Rs 5976.3 crores growing 7 percent from Rs 5635.4 crores for July- September quarters a year ago. There as a growth exhibited for earnings before interest…