Business

11 Mar

Indusind Bank shares downfall 20% as lender reports Rs 1,530 crore derivative portfolio mismatch

Priyanka RoyBusiness, News

Shares of Indusind Bank Ltd tumbled 20% on Tuesday after the bank discovered discrepancies in its derivatives portfolio during an internal review. The detailed review revealed that the bank's total assets are estimated to be adversely impacted by about 2.35% by December 2024, equivalent to a potential loss of Rs 1,530 crore. The bank's total assets stood at Rs 65,102 crore at the end of December 2024. Indusind Bank's total assets are estimated to decline by Rs 1,600 crore to Rs 2,000 crore. The Hinduja-promoted lender plans to absorb this loss in its fourth quarter earnings or the first quarter…

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10 Mar

Electric vehicle sales inflation 19% in February

Priyanka RoyBusiness, News

New Delhi, Retail sales of electric passenger vehicles grew 19 per cent to 8,968 units in February, with Tata Motors topping the segment, according to data released by dealers' body FADA.Total electric passenger vehicle retail sales stood at 7,539 units in the same month last year.Tata Motors sold 3,825 units last month, while MG Motor India sold 3,270 units.FADA President CS Vigneshwar said in a statement, "Electric passenger vehicles recorded a good growth of 18.95 per cent year-on-year, reflecting growing consumer awareness and adoption of EVs in the personal mobility segment, now achieving a market share of 3 per cent."…

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08 Mar

Toyota Kirloskar Motor launches Legender 4X4 MT to elevate premium SUV experience

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has announced the launch of the Legender 4X4 Manual Transmission (MT) variant, further strengthening its premium SUV portfolio. Priced at ₹46.36 lakh (ex-showroom), the new variant caters to adventure seekers who demand greater control, luxury, and off-road performance. The Legender 4X4 MT is powered by a 2.8L diesel engine, producing 204 PS of power and 420 Nm of torque. The 6-speed manual transmission enhances driving engagement, while Toyota’s advanced 4X4 technology ensures superior terrain handling. The SUV features a Catamaran-inspired design, a piano-black grille, LED lighting, and an exclusive Pearl White with Black Roof dual-tone finish.…

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08 Mar

LG Channels Revolutionizes TV Viewing: Over 100 Free Channels Now Available on LG Smart TVs

Business BureauBusiness

LG Electronics India announces the expansion of its free ad-supported TV (FAST) service, LG Channels, which now offers over 100 channels. This service provides users with a diverse array of content across entertainment, music, news, kids, lifestyle, and more – all without any subscription or payment. With LG Channels, LGSMART TV users can enjoy a viewing experience without set-top boxes, subscriptions, or payments. The service ensures access to a wide variety of content for users, providing convenience in entertainment. LG Channels caters to a broad audience with popular channels spanning across various genres, ensuring there is something for everyone in…

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07 Mar

Castrol India shares jump 12% amid talks of Saudi Aramco bidding for BP’s lubricants assets

Priyanka RoyBusiness, News

Castrol India shares on March 6 recorded their biggest single-day rise in eight months amid talks of Saudi Aramco considering a possible offer for lubricants assets being sold by BP Plc.The world's largest energy company is studying whether to bid for part or all of the business that operates under the Castrol brand name, Bloomberg reported on March 5, citing sources.Aramco may consider combining the Castrol assets with its Valvoline lubricants unit, which it bought in a $2.65 billion deal scheduled to be completed in 2023, the report said. Aramco is particularly interested in Castrol's operations in fast-growing markets such…

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07 Mar

Toyota Kirloskar Motor accelerates gender diversity efforts, aims 30% female workforce by 2030

Business BureauBusiness

Toyota Kirloskar Motor (TKM) reinforced its commitment to gender diversity in the automotive sector on International Women’s Day, unveiling new strategies to boost female representation to 30% by 2030. The company’s initiatives focus on skilling, workplace inclusivity, and infrastructure enhancement to create more opportunities for women in manufacturing and leadership roles. This year’s Women’s Day theme, #AccelerateAction, aligns with TKM’s efforts to dismantle industry barriers. A key highlight was a grand event at its Bidadi facility, bringing together over 500 women employees for leadership panels, cultural programs, and recognition sessions. TKM’s Women’s Marathon Team also showcased resilience, securing 10th place…

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07 Mar

Sensodynesets Guinness World Record, expandsreach with affordableoralcare

Business BureauBusiness

Sensodyne, the leading oral care brand from Haleon, has set a GUINNESS WORLD RECORD™ for the most online dental screening tests completed in 24 hours. Conducted at MahaKumbh 2025, the initiative saw 27,396 screenings, reinforcing the brand’s commitment to proactive oral health awareness. The campaign also marked the launch of Sensodyne’s ₹20 small toothpaste pack, designed to make sensitivity protection more affordable and accessible. The record-breaking event, facilitated by over 30 Indian Dental Association (IDA) dentists and 200+ promoters, was supported by mobile technology in collaboration with A Dental Friend and Smilo. As part of its World Oral Health Day…

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06 Mar

Zarina Laskar honored for excellence in fashion entrepreneurship at FEMINA ACHIEVERS’ AWARDS 2025

Business BureauBusiness

Renowned fashion entrepreneur Zarina Laskar was honored with the "Excellence in Fashion Entrepreneurship" award at the FEMINA ACHIEVERS' AWARDS 2025 NORTHEAST held at TajVivanta, Guwahati, on March 2. Hailing from Barak Valley, Laskar has gained national and international recognition for her innovative work in the fashion industry, blending indigenous North-Eastern fabrics with contemporary designs. Through her brand STYLEYA, founded in 2017, Laskar has redefined fashion by incorporating Assam’s finest handwoven textiles, crafted by skilled artisans and local women. Her brand has made a mark on celebrity fashion platforms like East India Fashion Week and offers a diverse collection, including Kaftans,…

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06 Mar

Luxury housing prices inflation in Delhi, Mumbai, Bengaluru – Knight Frank

Priyanka RoyBusiness, News

New Delhi, March 5 Delhi has jumped to 18th spot among 100 cities globally in terms of annual price growth in the luxury housing segment last year, according to Knight Frank. Global property consultant Knight Frank's 'The Wealth Report 2025' showed that the Prime International Residential Index (PIRI 100) value is projected to rise 3.6 per cent in 2024. Of the 100 luxury residential markets tracked, 80 recorded positive or flat annual price growth. Among Indian cities, Delhi is ranked 18th, a significant jump due to a 6.7 per cent year-on-year (YoY) rise in luxury residential prices. Mumbai is ranked…

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05 Mar

Silver futures surge: Prices increase by Rs 859 per kg

Priyanka RoyBusiness, News

New Delhi, March 5 Silver prices rose by Rs 859 to Rs 97,115 per kg on Wednesday as participants increased their bets. At the Multi Commodity Exchange, silver contracts for March delivery rose by Rs 859, or 0.89 per cent, to Rs 97,115 per kg in a business turnover of 19,331 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.62 per cent higher at $32.17 per ounce in New York.

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