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27 Feb

Tata AIA strengthens financial awareness as Mizoram celebrates 38th Statehood Day

Business BureauBusiness

As Mizoram marks 38 years of statehood, Tata AIA Life Insurance has reaffirmed its commitment to enhancing financial inclusion in the state. Despite Mizoram’s high literacy rate of 92% and a strong economic growth of 10.14% in FY 2022-23, insurance penetration remains low, with only 64,142 policies sold in FY23, generating an annualized premium of ₹269.15 crore. Recognizing this gap, Tata AIA, Mizoram’s designated Lead Insurer, has launched a series of financial awareness initiatives aligned with IRDAI’s vision of “Insurance for All by 2047.” Over the last two years, Tata AIA has reached over 8 lakh people in the state…

27 Feb

Zomato shares will rose 39% as it builds on accelerated commerce leadership, says Bernstein

Business CorrespondentBusiness, News

Brokerage firm Bernstein on Tuesday, February 25, said it is positive on Zomato and has projected a 39.2% upside on the stock from its previous close price. The brokerage has given Zomato an "outperform" rating and a price target of ₹310 per share, slightly higher than its recent peak of ₹304, thereby marking a 27% downside to Monday's close price. Bernstein said the competitive intensity of instant commerce has been a major point of debate given the ongoing land grab and marketing dollars in Zomato and its peers Swiggy and Zepto. However, unlike the pre-IPO mode, the brokerage believes the…

25 Feb

Bharti Airtel shares rose 3% after 6-day decline on 5G partnership with Ericsson

Business CorrespondentBusiness, News

Bharti Airtel shares jumped nearly 3% on the NSE during intraday trade on February 25 to hit ₹1,649.15, snapping a six-day losing streak. The rally came after the telecom giant announced a partnership with Ericsson to deploy 5G core solutions that support its transition to a full-scale 5G standalone (SA) network over time.In an exchange filing, Airtel said, "This collaboration will enable Airtel to seamlessly transition to a commercially live, full-scale 5G standalone network, delivering high-end 5G capabilities to customers."The deal will see Ericsson deploy its signalling controller solutions as well as 5G standalone-enabled charging and policy solutions within Airtel's…

25 Feb

ELECRAMA 2025 kicks off, showcases India’s power sector innovations

Business BureauBusiness

ELECRAMA 2025, the world’s largest electrical exhibition, commenced on an ambitious note at the India Expo Mart, Greater Noida, highlighting India’s growing leadership in the global energy transition. The 16th edition of the event, organized by the Indian Electrical & Electronics Manufacturers’ Association (IEEMA), was inaugurated by Union Power Minister Shri Manohar Lal Khattar, emphasizing the government’s commitment to modernizing India’s energy infrastructure and achieving sustainable growth. With a focus on India’s vision for Viksit Bharat 2047 and its rapid strides in renewable energy, the event witnessed participation from global industry leaders, including CEOs Oliver Blum of Schneider Electric and…

25 Feb

Sajjan Jindal wins ‘Business Leader of the Decade’ for transforming JSW Group

Business BureauBusiness

Sajjan Jindal, Chairman of JSW Group, has been honored with the prestigious ‘Business Leader of the Decade’ award at the 15th AIMA Managing India Awards, recognizing his journey in shaping JSW into a global powerhouse. The award was presented in the presence of Union Minister of Education Dharmendra Pradhan and Minister of State for Commerce and Industry Jitin Prasada. Yezdi Nagporewalla, CEO of KPMG India, delivered the citation, applauding Jindal’s vision that has propelled JSW’s growth. Under Jindal’s leadership, JSW Group has doubled its revenues to $24 billion and nearly tripled its steel production capacity to 39 million tonnes annually.…

24 Feb

M&M shares gain nearly 2% as Jefferies maintains ‘buy’ call, sees over 50% gain

Business CorrespondentBusiness, News

Shares of Mahindra & Mahindra surged in morning trade on February 24, recovering from a sharp 6 percent drop in the previous session to rise nearly 2 percent to Rs 2,712. The surge came after Jefferies reaffirmed its 'buy' rating, setting a target price that indicates significant upside from current levels. With a price target of Rs 4,075, the international brokerage estimates a staggering 52.6 percent upside potential from the last close of Rs 2,669 on the National Stock Exchange. M&M shares witnessed the biggest single-day fall in nearly 7 months during the previous session. Analysts at Jefferies view the…

24 Feb

Moto Morini Seiemmezzo 650 gets ₹2 lakh price cut, now starts at ₹4.99 lakh

Business BureauBusiness

Adishwar Auto Ride India (AARI) has announced a major price revision for the Moto Morini Seiemmezzo 650 range, reducing prices by up to ₹2 lakh. This move makes the premium Italian motorcycles more accessible to Indian riders and aligns with AARI’s 2025 vision for Moto Vault and Moto Morini. The new pricing, effective February 20, 2025, positions the MM Seiemmezzo 650 Retro Street at ₹4.99 lakh (down by ₹2 lakh) and the MM Seiemmezzo 650 Scrambler at ₹5.20 lakh (reduced by ₹1.90 lakh). These revised prices apply to all available color options. AARI Managing Director Vikas Jhabakh stated, “Moto Morini…

22 Feb

JSW Infrastructure shares upsurge 9% after Motilal Oswal picks it as top pick in ports sector

Business CorrespondentBusiness, News

Shares of JSW Infrastructure jumped 9 percent to Rs 260 on February 21 afternoon. It has gained for the second consecutive session after domestic brokerage firm Motilal Oswal picked the stock as a 'top pick' in the ports sector. The brokerage has set a target price of Rs 330, which implies a 39 percent upside potential from its last close price of Rs 238 on the National Stock Exchange. JSW Infrastructure shares have gained 11 percent this week. India's ports sector handles 95 percent of the country's export volume and 70 percent of its export value, with Motilal Oswal forecasting…

21 Feb

Bandhan Bank shares rose 5% after CLSA upgrades stock; see latest target price

Business CorrespondentBusiness, News

Bandhan Bank shares surged 5% in early trade on Friday after global brokerage firm CLSA upgraded the stock to ‘High-Concept Outperform’, estimating a massive upside potential of 61%.CLSA sets a price target of Rs 220 for the stock, supported largely by the lender’s outperformance compared to peers in the current MFI (Micro Finance Institution) cycle. The MFI sector has been grappling with persistent challenges and constraints over the last five-six months, resulting in a significant deterioration in asset quality.Going forward, CLSA believes that the Indian microfinance sector will recover from bad to less bad in a few quarters and from…

20 Feb

SMFG India Credit Sets Guinness World Record for Cattle Welfare Lesson

Business BureauBusiness

SMFG India Credit has achieved a Guinness World Record for the ‘Largest Cattle Welfare Lesson (Multiple Venues)’ with 517 participants across six locations during the 7th Pashu Vikas Day. This event, which took place simultaneously in 500 locations across 16 states, benefited around 190,000 people, including 150,000 cattle and 40,000 owners. Under the theme ‘Mera Pashu Mera Parivar,’ the initiative highlights the importance of livestock in rural livelihoods, where 65-70% of the population depends on agriculture. Over 6,000 employees contributed to the event, showcasing the company's commitment to rural welfare. CEO Shantanu Mitra praised the team's efforts, stating, “We remain…