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31 Jul

M&M Q1 Preview: Net profit down, revenue may extend 17% on auto, tractor recovery

Business CorrespondentBusiness, News

Mahindra & Mahindra Limited, one of India's largest four-wheeler manufacturers, is scheduled to release its earnings report for the first financial quarter of FY2025 on July 31. Volume growth, strong performance from the auto segment and recovery in tractors are expected to be driven by growth in volumes. The company's sales reached double-digit growth rates.According to a Moneycontrol poll, the Thar maker is projected to register 17 percent year-on-year growth in revenue, reaching Rs 28,166 crore. Net profit is estimated to decline by 2 per cent to Rs 2,678 crore from Rs 2,737 crore in the same quarter last financial…

27 Jul

Bandhan Bank reports 22% growth, expands retail focus

Business BureauBusiness

Bandhan Bank has announced a robust financial performance for Q1 FY25, with total business soaring by 22% to reach Rs.2.59 lakh crore. The bank’s total deposits grew by 23% year-on-year to Rs.1.33 lakh crore, bolstered by a retail deposit share of nearly 69%. The CASA ratio stands at a solid 33.4%, reflecting the bank's strong liquidity position. Total loans increased by 22% to Rs.1.26 lakh crore. Ratan Kumar Kesh, MD & CEO of Bandhan Bank, praised the quarter’s results as evidence of the bank’s enduring stability and growth. "Our performance underscores the trust of our customers and the dedication of…

27 Jul

Johnson’s® Baby announces star-studded campaign featuring Anil and Sonam Kapoor

Business BureauBusiness

Mumbai, India — Johnson’s® Baby has launched its latest television campaign, “Protection* ka Promise Pehle Din Se,” featuring Bollywood icons Anil Kapoor and Sonam Kapoor. Conceptualized by DDB Mudra, the campaign underscores the brand’s commitment to protecting infants' delicate skin from day one with its specially formulated products. The campaign showcases a charming interplay between the father-daughter duo. Anil Kapoor, portraying a concerned grandfather, questions the efficacy of maintaining a baby’s moisture post-bath. Sonam Kapoor, in response, highlights Johnson’s Baby Soap’s unique formulation with glycerin and vitamin E, designed to preserve natural moisture and protect the baby’s skin barrier. Anil…

24 Jul

NSE Chief applauds Union Budget 2024 for bolstering job creation and startup ecosystem

Business BureauBusiness

Shri Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE), has delivered a resounding endorsement of the Union Budget 2024, praising its focus on job creation and support for entrepreneurship. Chauhan highlighted key measures introduced by Finance Minister Smt. Nirmala Sitharaman that are set to drive significant economic advancements. Chauhan lauded the budget’s dual emphasis on enabling job creation through both the private and public sectors. He pointed out that the budget’s initiatives, including the relief on angel tax and an increase in the Mudra loan scheme limit from Rs 10 lakhs to Rs 20 lakhs per individual,…

19 Jul

Singhania Quest+ launches “Go Coderz” India’s First and Largest National Coding Competition for Schools

Business BureauBusiness

Singhania Quest+, in partnership with the World Book of Records (London, UK), has launched 'Go Coderz,' India's first and largest national coding competition for school students. Designed in line with the New Education Policy (NEP), which integrates coding into the curriculum, the event invites participation from grades 3 to 10. The competition boasts the Gautam Singhania Coding Scholarship worth ₹1 lakh for the winners. It has already garnered over 15,000 registrations, with expectations to reach 50,000 students from 100 schools across 25 cities by the 15 August 2024 registration deadline. Participating students will receive free coding master classes to enhance…

18 Jul

Bandhan Bank launches Bharat QR Code, enhances digital payment solutions

Business BureauBusiness

Bandhan Bank today announced the launch of its latest payment solution, the Bharat QR Code, aimed at simplifying transactions for Current and Savings account customers. This innovative payment method allows customers to make payments at merchant outlets via any banking or UPI app, eliminating the need for debit or credit cards. An instant notification system, including a small speaker, will alert users of successful payments. Rajinder Babbar, Executive Director & Chief Business Officer of Bandhan Bank, emphasized the bank's commitment to addressing customer needs with robust solutions. "With the launch of BQR, we aim to provide a robust payment solution…

16 Jul

CMF’s latest innovations: Phone 1, Buds Pro 2 and Watch Pro 2 hit the market

Business BureauBusiness

CMF, a sub-brand of London-based tech company Nothing, has officially launched the CMF Phone 1, CMF Buds Pro 2, and CMF Watch Pro 2, with sales starting today at 12 PM IST.The CMF Phone 1, India's first device featuring the MediaTek Dimensity 7300 5G processor, promises top-tier performance. The phone includes a 5000 mAh battery for up to two days of usage, up to 16 GB RAM for seamless multitasking, and runs on Nothing OS 2.6 powered by Android 14. The camera system boasts a Sony 50 MP rear camera and a 16 MP front camera, while the 6.67” Super…

15 Jul

Bandhan Bank announces new trade products to boost global business transactions

Business BureauBusiness

Bandhan Bank has launched a suite of trade products aimed at facilitating global business transactions, enhancing financial flexibility for importers and exporters. In a bid to streamline and secure international business operations, Bandhan Bank has introduced a range of trade products tailored to meet the diverse needs of its customers. These products include Remittances, Letters of Credit (LCs), Bank Guarantees (BGs), Export Import Collection bills, and bill/invoice discounting. The initiative is expected to bolster the confidence of businesses engaged in global trade.Rajinder Babbar, Executive Director and Chief Business Officer of Bandhan Bank, emphasized the bank’s commitment to supporting customers in…

15 Jul

Toyota Kirloskar Motor pledges commitment to Skill Development on World Youth Skills Day

Business BureauBusiness

Marking World Youth Skills Day, Toyota Kirloskar Motor reiterated its dedication to fostering skill development in India. Mr. G. Shankara, Executive Vice President of Finance and Administration, emphasized Toyota's belief in education and skill enhancement as cornerstones for national progress. "At Toyota Kirloskar Motor, we view education and skill development as pivotal for India's growth and prosperity," stated Mr. Shankara. He highlighted Toyota's partnerships with the government and educational institutions, aligning with the Skill India Mission to shape a skilled workforce and contribute to a 'Viksit Bharat.'Toyota's initiatives aim to bridge the industry-academia gap by imparting practical knowledge and skills.…

15 Jul

Medtronic announces $60M Global IT Hub in Hyderabad, eyes major talent pool

Business BureauBusiness

Medtronic, the global healthcare technology leader, has inaugurated its first large-scale Global IT (GIT) Center outside the US at the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad. The event was attended by Telangana's Minister of IT, Industries, and Commerce, Shri D. Sridhar Babu, and US Consul General, Ms. Jennifer Larson. Medtronic plans to invest $60 million over the next 3-5 years, creating 300 jobs focused on advanced technologies such as Cloud Engineering, AI/ML, and Digital Health applications. "This center underscores Telangana’s vibrant innovation ecosystem and our commitment to fostering growth in the medical technology sector," said Minister Sridhar Babu.…