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03 Apr

Halder Venture expands to bring high-quality edibble oils to consumers

Business BureauBusiness

Consumers in Eastern India can soon expect better access to high-quality edible oils as Halder Venture Limited (HVL) expands its operations with the acquisition of KS Oil Ltd’s manufacturing unit in Haldia. The deal, approved by the National Company Law Appellate Tribunal (NCLAT) on March 20, 2025, was finalized on March 28, 2025, strengthening HVL’s ability to meet growing consumer demand. The new facility features a 500 TPD (tonnes per day) edible oil refinery—five times HVL’s current capacity—along with a modern packaging unit and 33,000 MT storage tanks. Direct access to Haldia Port will allow HVL to source imported crude…

03 Apr

Kalyan Jewellers shares jump 13%, gain touches 26% in 3 weeks

Business CorrespondentBusiness, News

Kalyan Jewellers share price rallied over 13 percent in heavy trading on Wednesday, extending gains to 26 percent in the last three weeks. Fresh buying was also witnessed as gold hit a new all-time high, touching close to Rs 91,000 per 10 gram. Shares of Kalyan Jewellers India rallied 13.18 percent to hit a high of Rs 518.4 per share on the NSE. The stock pared some of its gains and closed at Rs 512.8 per share, up 11.95 per cent. The stock has rebounded after three consecutive days of decline. A total of 3.8 crore shares of Kalyan Jewellers…

02 Apr

Blenders Pride Fashion Tour’s grand finale in Guwahati sets new fashion standards

Business BureauBusiness

Blenders Pride Fashion Tour concluded its iconic journey with a groundbreaking showcase in Guwahati, featuring the bold "Play En-Vogue" concept that redefined the AT-LEISURE fashion space. The event took place at the picturesque Greenwood Resort and presented innovative collections by renowned designers Nitin Bal Chauhan, Abhishek Patni of NoughtOne, and Pawan Sachdeva. Bollywood actor Ishaan Khatter graced the event as the showstopper, with high-energy performances by rappers KR$NA and K A R M A, further elevating the experience. The designers’ collections included NoughtOne’s ‘Racer 01,’ blending streetwear with rockstar aesthetics, Sachdeva’s ‘The Dis-Aligned,’ a fusion of high-end and casual wear,…

02 Apr

IFFCO applauds Tribhuvan Sahkari University Bill, eyes global growth for cooperatives

Business BureauBusiness

The Indian Farmers Fertiliser Cooperative (IFFCO) has welcomed the Tribhuvan Sahkari University Bill, 2025, calling it a transformative step for India’s cooperative sector. The bill, passed by the LokSabha on March 26, paves the way for the country’s first cooperative university, focusing on rural economic growth, self-employment, and entrepreneurship. Union Minister of Cooperation and Home Affairs Amit Shah highlighted that the university will set new benchmarks in cooperative leadership, innovation, and research, aligning with the government’s ‘Sahkar se Samriddhi’ vision. IFFCO Managing Director Dr. Udai Shanker Awasthi praised the initiative, stating it will revolutionize the cooperative sector, benefiting farmers and…

02 Apr

GST collections gain 9.9 percent to Rs 1.96 lakh crore in March

Business CorrespondentBusiness, News

New Delhi: India's goods and services tax collections rose 9.9 percent to Rs 1.96 lakh crore in March this year compared to the same month last year, reflecting higher levels of economic activity and better compliance. Sequentially, GST collections were 6.8 percent higher than the Rs 1.84 lakh crore revenue recorded in February this year. The gross GST revenue in March comprised Rs 38,100 crore from central GST, Rs 49,900 crore from state GST, Rs 95,900 crore from integrated GST and Rs 12,300 crore from compensation cess. In comparison, central GST collections in February stood at Rs 35,204 crore, state…

01 Apr

Bajaj Auto shares inflation 2%, KTM stake hiked by ₹461.6 crore investment

Business CorrespondentBusiness, News

Bajaj Auto shares have rallied over 2%, hitting an intraday high of ₹8,039.65, as the market took note of the company's investment in Pierer Bajaj AG (PBAG), the parent company of Austrian motorcycle company KTM. Overall, the launch reflects Bajaj Auto's desire to strengthen its position in the premium motorcycle market. Strategic Investment DetailsBajaj Auto International Holdings BV (BAIH BV), the 100% owned arm of Bajaj Auto, has become an investor in PBAG through a convertible bond of 50 million euros (about ₹461.6 crore). The 500 bonds subscribed by Bajaj Auto International Holdings BV (BAIH BV), each with a nominal…

31 Mar

Gold prices upsurge record highs

Business CorrespondentBusiness, News

Gold prices hit a new all-time high in Vietnam on Monday morning, as global rates also peaked.The price of a gold bar from Saigon Jewellery Company rose 0.8% to VND101.5 million (US$3,968.72) per tael. One tael is equivalent to 37.5 grams or 1.2 ounces.The price of a gold ring rose 1.2% to VND101.6 million per tael, also a historic peak.Globally, gold hit an all-time high on Monday, surpassing the $3,100 mark, as investors turned to the safe-haven asset amid concerns that US President Donald Trump's tariff plans would spark a global trade war and economic downturn, Reuters reported.Spot gold rose…

29 Mar

Nissan expands India portfolio with new 7-seater B-MPV and 5-seater C-SUV

Business BureauBusiness

Nissan Motor India has announced the addition of an all-new 7-seater B-MPV to its expanding product portfolio, further solidifying its presence in high-growth segments. This new model will launch in FY25, followed by a 5-seater C-SUV in early FY26. The announcement was made at Nissan’s Global Product Showcase Event in Yokohama, Japan. The 7-seater B-MPV will feature a bold C-shaped grille and muscular SUV-inspired design, aligning with Nissan’s distinct design philosophy. Meanwhile, the new 5-seater C-SUV draws inspiration from the iconic Nissan Patrol, offering advanced technology and rugged reliability tailored for Indian road conditions. These additions will complement Nissan’s existing…

29 Mar

Mandi prices of pulses and oilseeds downgrade below MSP

Business CorrespondentBusiness, News

Mandi prices of pulses and oilseeds fell below MSP, forcing the government to increase procurement. Prices of tur, chana and mustard declined due to favourable crop prospects and imports.Mandi prices of most varieties of pulses and oilseeds are trading below the respective minimum support price (MSP), forcing the government to increase procurement of these commodities at the respective minimum support price (MSP).According to trade sources, market prices have declined due to encouraging crop prospects and liberal imports.Mandi prices of tur in Latur (Maharashtra) on Friday were in the range of Rs 6800 per quintal to Rs 7400 per quintal as…

28 Mar

UltraTech Cement shares jump as it launches multiple brownfield expansions

Business CorrespondentBusiness, News

UltraTech Cement shares rose marginally to Rs 11,639 per share on March 27. The company announced the successful launch of multiple brownfield expansions across India, further adding to its production capacity. In the past month, the stock of this cement giant has jumped 14 percent, significantly outperforming the benchmark Nifty 50 index, which registered a gain of 6 percent during the same period. UltraTech Cement has started operations at its Maihar facility in Madhya Pradesh with one of the two planned cement mills (2.7 MTPA) having a clinker capacity of 3.35 million tonnes per annum (MTPA). The second grinding mill…