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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…

14 Nov

HDFC ERGO launches Pradhan Mantri Fasal Bima Yojana for Tripura’s farmers in Rabi 2024 Season

Business BureauBusiness

HDFC ERGO General Insurance, a leading private sector insurer in India, has been authorized by the Government of Tripura to implement the Pradhan Mantri Fasal Bima Yojana (PMFBY) for farmers in the state's eight districts. This initiative will cover both loanee and non-loanee farmers for the Rabi 2024 season. The scheme insures farmers against yield losses due to external risks such as drought, floods, and pests. Crops eligible for coverage include Boro Paddy, Potato, Cauliflower, Brinjal, Tomato, and Watermelon, across districts like Dhalai, Gomati, Khowai, and others. The premium rates and sum insured vary by crop and district, with deadlines…

14 Nov

PMI reinforces commitment to combat illicit tobacco trade in India

Business BureauBusiness

In a concerted effort to combat the growing menace of illicit tobacco trade in India, Philip Morris International (PMI) has reiterated its commitment to strengthen government-to-government collaborations and enhance intelligence sharing on transnational networks. Speaking at a recent industry event, IPM India’s Managing Director, Navaneel Kar, highlighted that illicit tobacco trade has surged dramatically, now constituting nearly 25% of the cigarette market in India, with significant implications for public health and the economy. The Tobacco Institute of India (TII) reports that the illegal cigarette trade, encompassing both internationally smuggled and locally manufactured tax-evaded products, has reached alarming levels. With an…

13 Nov

Tata Motors launches ‘Customer Care Mahotsav’ to enhance commercial vehicle experience

Business BureauBusiness

Tata Motors has launched its nationwide "Customer Care Mahotsav 2024," a pan-India engagement program aimed at enhancing the after-sales experience for commercial vehicle customers. The event, which runs from 23rd October to 24th December 2024, is being hosted at over 2,500 authorized service outlets across the country, offering a range of benefits to fleet owners and drivers. The Customer Care Mahotsav provides customers with comprehensive vehicle check-ups conducted by trained technicians, alongside access to Tata Motors’ value-added services. Drivers will also receive specialized training in safe and fuel-efficient driving, as part of the Sampoorna Seva 2.0 initiative, which is designed…

13 Nov

Ujjivan Small Finance Bank observes Vigilance Awareness Week, promotes integrity-driven banking

Business BureauBusiness

Ujjivan Small Finance Bank has kicked off its annual 'Vigilance Awareness Week' from November 11 to 16, 2024, to highlight the importance of vigilance and ethical banking practices. This year’s campaign, titled “Watch Out for Each Other,” aligns with the Government of India’s theme, “Culture of Integrity for Nation’s Prosperity.” The event was inaugurated by Chief Guest Dr. M. A. Saleem, IPS, Director General of Police (CID), Karnataka, who lit a ceremonial lamp and delivered a keynote emphasizing that individual integrity contributes to institutional integrity. Dr. Saleem stressed the need for vigilance among bank employees, warning that negligence could expose…

13 Nov

Toyota Kirloskar Motor paves the way for India’s future workforce with skill development initiatives

Business BureauBusiness

Celebrating National Education Day, Toyota Kirloskar Motor (TKM) has reaffirmed its commitment to bridging the skills gap in India through a wide range of impactful initiatives. With a strong focus on empowering economically underprivileged youth across Karnataka and India, TKM’s educational and vocational training programs are creating pathways to employment, fostering self-reliance, and contributing to India’s industrial growth. A key pillar of TKM's mission is the Toyota Technical Training Institute (TTTI), established in 2007. For over 15 years, TTTI has been providing free, high-quality education to youth from economically underprivileged sections, specializing in automobile manufacturing. In line with its commitment…

13 Nov

Coal imports increase 2.2% in April-August: India aims to achieve self-sufficiency

Business CorrespondentBusiness, News

New Delhi, Nov 12 (PTI) Coal imports rose 2.2 percent to 111.20 million tonnes in the April-August period of the current fiscal as against 108.81 million tonnes in the same period a year ago, an official release said on Tuesday. However, the non-regulated sector witnessed a decline of 10.3 per cent during the April-August period as compared to the same period last year, the Coal Ministry said in the release. In value terms, the total imported coal during April-August 2024-25 was worth Rs 120,532.21 crore. Despite a 4.97 percent increase in coal-based power generation from April to September 2024 over…

12 Nov

India’s Zydus Life reports jump in second-quarter profit on steady U.S. demand

Business CorrespondentBusiness, News

Nov 12 (Reuters) - Indian drugmaker Zydus Lifesciences (ZYDU.NS), opens new tabon Tuesday reported a 14% rose in second-quarter profit, helped by strong demand for generic drugs in its key United States and Indian markets.The company's consolidated net profit rose to 9.11 billion rupees ($107.93 million), in line with analysts' average estimate of 9.13 billion rupees, according to data compiled by LSEG.Its total revenue rose 20% to 52.37 billion rupees, boosted by a nearly 30% rise in its U.S. market and a 10% inflation in its India business. These two markets contribute about 85% of Zydus Life's total revenue.For more…

12 Nov

Maruti Suzuki launches all-new Dzire: A perfect blend of style, performance and safety

Business BureauBusiness

Maruti Suzuki India Limited (MSIL) has launched the much-awaited All-New Dzire, setting a new benchmark in the compact sedan segment. With its sleek, modern design and enhanced features, the All-New Dzire is tailored for the ambitious, style-conscious individual who seeks a balance of sophistication, performance, and comfort. The latest version of the Dzire boasts several segment-first features, including an electric sunroof, 360 HD view camera, Suzuki Connect, and LED Crystal Vision Headlamps, making it a truly premium offering in its class. Powered by the Z-Series 1.2L engine, the Dzire delivers outstanding fuel efficiency, offering 24.79 km/l in Petrol MT and…

11 Nov

Tata Motors shares jump 3% as brokerage firms remain bullish despite a slowdown in the second quarter

Business CorrespondentBusiness, News

India's largest electric vehicle manufacturer Tata Motors has made a strong debut in the stock markets. The company's shares rose 3 percent to Rs 829. Although the company's shares remained weak in the second quarter, it was completely below experts' estimates. The company's net profit fell 11 percent to Rs 3,343 crore compared to the same quarter last year. This was due to weak performance in the Jaguar Land Rover (JLR) unit and the commercial vehicle segment. Apart from this, Tata Motors made a cautious comment. The statement said, "We are cautious about domestic demand in the near future." However,…