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10 Feb

ASCI releases the Top Influencer Compliance Scorecard

Business BureauBusiness

The Advertising Standards Council of India (ASCI) has released the Top Influencer Compliance Scorecard, revealing that 69% of India’s Top 100 Digital Stars failed to meet guidelines for influencers on social media. Prominent and hard-to-miss disclosures are mandated in the case of any material connection, not only as per ASCI’s Guidelines for Influencers Advertising in Digital Media but also the Central Consumer Protection Authority’s (CCPA) Guidelines. The study analyzed brand-promotion posts by influencers featuring in Forbes India’s Top 100 Digital Stars 2024 across Instagram and YouTube between September and November 2024. With a combined reach of over 110 million, these…

10 Feb

Amara Raja reports 10% jump in Q3 revenue to Rs 3,164.02 crore

Business CorrespondentBusiness, News

New Delhi: Energy and mobility leader Amara Raja Energy & Mobility Ltd (ARE&M) on Saturday reported revenue of Rs 3,164.02 crore for the third quarter of the current financial year (FY25), up 27% over the same period last year at Rs 422.16 crore. The company's earnings per share (EPS) grew 23% year-on-year on revenue of Rs 17.04. However, operating margins were impacted due to higher power expenses as a result of fuel and power purchase cost adjustments (FPPCA) approved by the Andhra Pradesh Electricity Regulatory Commission. Amara Raja's automotive and industrial battery businesses have performed strongly, particularly in the aftermarket…

08 Feb

MakeMyTrip launches ‘Loved by Devotees’ to enhance pilgrimage stays

Business BureauBusiness

MakeMyTrip has introduced ‘Loved by Devotees,’ a curated collection of over 450 hotels and homestays across 26 spiritual destinations in India, catering to the unique needs of pilgrims. The initiative aims to simplify the process of finding suitable accommodations for religious travelers, ensuring comfort, accessibility, and convenience. Pilgrimage travel has seen significant growth, now accounting for over 10% of MakeMyTrip’s total room night bookings in Q3 FY25. Searches for religious destinations have surged by 46% in 2024 compared to 2022, reflecting an increasing preference for spiritually enriching journeys. Ankit Khanna, Chief Product Officer - Hotel, Growth & Emerging Businesses, said,…

08 Feb

Mahindra Electric is set to launch its highly anticipated Origin SUVs on 14th February 2025

Business BureauBusiness

Mahindra Electric is set to launch its highly anticipated Origin SUVs, with bookings opening on February 14, 2025, at 9 AM. The company will offer a complete lineup of the XEV 9e and BE 6 variants, allowing customers to choose from a range of battery packs, starting from ₹18.90 lakh for the BE 6 Pack One. Deliveries are expected to begin in mid-March 2025 for Pack Three, with other variants arriving between June and August 2025. https://youtu.be/luu9XO03Fw0?si=i_-MNsyv1X35sZq9 From February 6, 2025, at 10 AM, customers can pre-select their preferred model and variant on Mahindra’s official website. The company’s structured production…

08 Feb

Bikaji Foods shares downgrade 13% after Q3 net profit falls nearly 40% year-on-year; see details

Business CorrespondentBusiness, News

Shares of Bikaji Foods International tumbled as much as 13% during trading on Friday, February 7, after the company announced a sharp drop in profitability for the quarter ended December 2024 (Q3FY25). Shares of the leading snacks maker fell as much as 12.97% to hit an intraday low of ₹638.55 per share on the National Stock Exchange of India Ltd (NSE) on Friday. The stock rallied in six of the last seven sessions and has gained a total of 14% during this period. The stock has now declined 9.6% in the last one month but is still up over 16%…

07 Feb

Deloitte India launches jury panel for Enterprise Growth Awards 2025

Business BureauBusiness

Deloitte Touche Tohmatsu India LLP (Deloitte India) has revealed the distinguished jury panel for the highly anticipated Enterprise Growth Awards 2025. The initiative is dedicated to recognising the extraordinary achievements of family-owned businesses, unicorns, and soonicorns across India, celebrating their leadership, vision, and national impact. The prestigious jury is headed by S. D. Shibulal, Former Managing Director of Infosys, joined by notable members including Dr. Brinda Jaghirdar, Former Chief Economist of the State Bank of India; M. D. Ranganath, Chairman of Catamaran Ventures; and Manoj Kohli, Senior Advisor at Deloitte. Together, they bring unmatched industry expertise to ensure a rigorous…

07 Feb

Ujjivan Small Finance Bank submits application for Universal Banking Licence to the RBI

Business BureauBusiness

Ujjivan Small Finance Bank (Ujjivan), one of the leading small finance banks has announced the submission of the application for Universal Banking licence to the Reserve Bank of India (RBI). This step aligns with the Bank’s long-term vision to strengthen its offerings and its position in the sector. The Bank has consistently demonstrated strong financial performance and a commitment to financial inclusion, serving a diverse aspiring customer base. Ujjivan is prepared to join the ranks of universal banks, considered a very significant milestone in its evolution, subject to RBI granting its approval to its application. Commenting on the development, Mr. Sanjeev…

07 Feb

Eugenix Hair Sciences: The leading choice for cricketers, celebrities and athletes

Business BureauBusiness

Eugenix Hair Sciences is setting the benchmark for hair restoration with its trusted reputation among cricketing legends, international athletes, and Bollywood celebrities. With clinics across Delhi-NCR, Mumbai, Hyderabad, and Bhubaneswar, Eugenix offers advanced hair transplant techniques combining scientific expertise and artistic precision. Cricket icons like Mohammed Shami, Ravi Shastri, and Mohammed Azharuddin have endorsed Eugenix for its remarkable results. Shami, who underwent a procedure with over 4,500 grafts, praised the clinic for exceeding his expectations, while Shastri stated, “When it comes to hair, all roads lead to Eugenix.” Azharuddin, with over 8,000 grafts, highlighted Eugenix’s flawless hairline creation and smooth…

07 Feb

Apollo Tyres Q3 profit, margins downgrade estimates, revenue up

Business CorrespondentBusiness, News

Apollo Tyres' Q3 FY25 net profit fell 32.1% to ₹337.2 crore from ₹497 crore in the same period a year ago, also below CNBC-TV18 poll estimate of ₹378 crore. The drop in profitability was due to weak operating performance and margin contraction. Revenue for the quarter grew 5% year-on-year to ₹6,928 crore, higher than poll estimate of ₹6,744 crore. However, EBITDA declined 21.6% to ₹947 crore, well below the ₹1,208 crore recorded in Q3 FY24. The figure also fell short of analysts' expectations of ₹972 crore, reflecting higher input costs and lower operating efficiency. Raw material costs and competitive pricing…

06 Feb

Angel One shares increase 7% after firm’s January business update

Business CorrespondentBusiness, News

Angel One shares jumped nearly 7 percent on February 5 after the brokerage released its January business update. At 11.27 am, the shares were trading at Rs 2,503 per share. The company announced in its business update that its client base has grown 48 percent year-on-year to 3.01 crore in January 2025. This also reflects a 2 per cent growth from the 2.95 crore client base recorded in December 2024. Meanwhile, its average client funding book grew 87 per cent year-on-year to Rs 4,199 crore. This is 3 percent higher than the average client funding book of Rs 4,072 crore…