Business

05 Mar

ICICI Prudential launches ‘ICICI Pru GIFT Select’ to tackle market volatility with guaranteed income

Business BureauBusiness

ICICI Prudential Life Insurance has introduced ‘ICICI Pru GIFT Select,’ a long-term savings product designed to offer guaranteed immediate income, ensuring liquidity for customers amid market fluctuations. The product provides flexibility by allowing customers to decide when they want their guaranteed income to start, its duration, and the payout at maturity. It also includes a life cover component for financial security. One of its standout features is an increasing income option, which boosts payouts at a compounding rate of 5% per annum, helping customers mitigate inflation. Speaking on the launch, Amit Palta, Chief Product and Distribution Officer at ICICI Prudential…

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05 Mar

Royal Stag BoomBox kicks off its 3rd edition in Guwahati

Business BureauBusiness

The Royal Stag BoomBox kicked off its third edition on March 1 at the Saru Sajai Stadium Complex, drawing thousands of music lovers for a vibrant celebration of Bollywood and hip-hop. The festival, part of a four-city tour, features performances by renowned artists including Armaan Malik, Nikhita Gandhi, Ikka, and DJ Yogii. The event showcased a fusion of music, art, and interactive experiences, creating an immersive atmosphere. DJ Yogii opened the night, followed by Ikka's dynamic rap, Nikhita Gandhi's captivating vocals, and a grand finale by Armaan Malik, who emphasized music's power to connect cultures. Kartik Mohindra, CMO of Pernod…

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04 Mar

Hinduja Group reaffirms its commitment to shaping India’s future through its Hinduja College of Commerce

Business BureauBusiness

Marking 75 years in education, the Hinduja Group reaffirmed its commitment to academic excellence, announcing plans to transition Hinduja College into a deemed university. At the celebratory event, Vice President of India, Jagdeep Dhankhar, urged Indian corporates to invest in specialized educational institutions, emphasizing that philanthropy in education should not be driven by commercialization. Ashok Hinduja, Chairman of Hinduja Foundation, outlined a vision to empower one million students by 2030 through initiatives like Road to School and Road to Livelihood. The college, currently serving over 6,000 students, will establish a Skill Development Centre and introduce new courses in Artificial Intelligence,…

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04 Mar

IEX trade volumes inflation 9% in February | Indian Energy Exchange

Priyanka RoyBusiness, News

The Indian Energy Exchange (IEX) said in a statement on Monday that trade volumes in February registered a 9 per cent growth to 9,622 million units as compared to the same period last year. A total of 16.37 lakh renewable energy certificates were traded during the month, marking a 167 per cent year-on-year (y-o-y) growth. The next REC trading sessions at the exchange are scheduled for March 12 and 26. In the power market, the Day-Ahead Market (DAM) achieved 5,369 MU volumes in February as against 4,722 MU volumes in the same month last year, a 14 per cent growth…

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03 Mar

ELECRAMA 2025 concludes on a high note, unlocks $20 billion in business opportunities

Business BureauBusiness

ELECRAMA 2025, the flagship event of the Indian Electrical and Electronic Manufacturers’ Association (IEEMA), wrapped up successfully, reinforcing India’s leadership in the global electrical and electronics industry. The event saw participation from over 1,000 exhibitors, attracted more than 400,000 business visitors, and facilitated business enquiries worth an estimated $20 billion. Key highlights included 15,000+ B2B meetings, the participation of 500 international buyers from 80 countries, and the launch of the New Energies Pavilion, which showcased advancements in battery storage, EV charging, solar modules, and digital energy. Industry leaders, including Union Ministers Piyush Goyal and Manohar Lal Khattar, emphasized India’s commitment…

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03 Mar

Mahindra sales gain 15% in February

Priyanka RoyBusiness, News

Mahindra & Mahindra on Saturday said its total sales in February rose 15 per cent year-on-year to 83,702 units.The automaker had sold 72,923 units in February last year.In the utility vehicle segment, the company said it sold 50,420 vehicles in the domestic market, a growth of 19 per cent as compared to 42,401 units in February last year.Exports grew to 3,061 units last month, up 99 per cent from 1,539 units in February 2024. "This strong performance is a result of the continued positive momentum for our SUV portfolio," Mahindra & Mahindra (M&M) Automotive Division President Veejay Nakra said in…

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01 Mar

Vodafone Idea gets GST demand order; stock lapse over 3%, check full details

Priyanka RoyBusiness, News

Telecom operator Vodafone Idea (VIL) on Friday, February 28, said it has received a ₹16.73 crore Goods and Services Tax (GST) demand order from the Deputy Commissioner, Large Taxpayer Unit, West Bengal. The telco asserted it does not agree with the order and will take appropriate action for filing an appeal against the same. In a BSE filing on details of the order received by the company under the Central Goods and Services Tax Act, 2017, Vodafone Idea informed that the order was received on February 27, 2025. “Order passed under Section 73 of the Central Goods and Services Tax…

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28 Feb

Perfetti Van Melle expands jelly portfolio with Alpenliebe Juzt Jelly ‘Jungle Land’ and ‘Fruity Salad’

Business BureauBusiness

Perfetti Van Melle India has introduced Alpenliebe Juzt Jelly Jungle Land and Fruity Salad, expanding its jelly portfolio with new interactive shapes. Priced at ₹10 per pack, these jellies feature monkey, banana, pineapple, strawberry, orange, and green apple shapes, blending taste with a playful experience. Infused with real fruit juice, the jellies offer a dual-layer texture—jelly with a soft foamy layer—enhancing sensory engagement. The product aims to tap into the growing demand for innovative and interactive confectionery options. “Consumers seek new experiences, and these unique shapes transform snacking into playtime,” said Gunjan Khetan, Marketing Director, Perfetti Van Melle India. Since…

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28 Feb

Piyush Goyal calls for unified electrical expo to strengthen India’s global leadership

Business BureauBusiness

Union Commerce & Industry Minister Piyush Goyal has called on India’s electrical industry to establish a unified world-class exposition, consolidating major industry-led exhibitions into a single platform. Speaking at ELECRAMA 2025, he emphasized that a large-scale expo would position India as a global hub for electrical and energy solutions, attracting top investors and boosting exports. “Instead of fragmented events, we need one mega-exhibition with 1,500+ exhibitors and 100,000+ visitors, showcasing India’s expertise in power infrastructure, automation, and smart grids to the world,” Goyal stated. The event also saw Vimal Anand, Joint Secretary, Ministry of Commerce & Industry, highlight India’s accelerated…

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28 Feb

Sanofi India Q4 revenue, EBITDA inflation; ₹117 final dividend recommended

Priyanka RoyBusiness, News

Sanofi India Limited (SIL) reported steady growth in Q4 2024, with revenue growing 9.7% year-on-year (YoY) to ₹514.9 crore, compared to ₹469.2 crore in the same quarter last year. EBITDA grew 18.8% year-on-year to ₹118.3 crore, from ₹99.6 crore. Operating margins also improved to 23%, compared to 21.2% in Q4 2023. However, the company's net profit declined 33.7% to ₹91.3 crore, from ₹137.7 crore a year ago. On the bright side, the board has recommended a final dividend of ₹117 per equity share of ₹10 face value, subject to shareholders' approval at the forthcoming Annual General Meeting. Sanofi India's recent…

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