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11 Sep

GST cut: Cement prices to downgrade by Rs 30-35 per bag

Business CorrespondentBusiness, News

New Delhi: Rationalisation of GST will reduce cement prices by Rs 30-35 per 50 kg bag and also reduce construction costs, a report by India Ratings and Research (Ind-Ra) said. Last week, the GST Council decided to introduce two slabs - 5 percent and 18 percent - in the existing GST regime. From September 22, cement will be taxed at 18 percent instead of 28 per cent. The report said the change is "structurally positive" for the cement sector and could boost demand in the affordable category, which has been weak in recent times. Ind-Ra believes companies will pass on…

11 Sep

Ujjivan SFB targets Rs 1 lakh crore loan book by FY30 with focus on secured lending

Business BureauBusiness

Ujjivan Small Finance Bank (Ujjivan SFB) has announced its roadmap to achieve a Gross Loan Book (GLB) of ₹1 lakh crore by FY30, building on its rapid growth since becoming a small finance bank in 2017. The strategy emphasizes diversification of its loan portfolio, expansion of liability franchise, and a stronger focus on cost efficiency to ensure sustainable profitability. The bank has steadily increased its secured lending from 16% in FY19 to 46% in Q1FY26, with a target of 65%–70% by FY30. Key growth drivers will include affordable housing, MSME lending, vehicle finance, gold loans, and agri loans, alongside new…

11 Sep

Tata AIA launches ‘Health Buddy’ and Health SIP to redefine insurance with wellness

Business BureauBusiness

Tata AIA Life Insurance has launched “Tata AIA Health Buddy,” India’s first 24x7 health and wellness companion from a life insurer, aimed at blending health protection with wellness and life insurance. Alongside, the company also introduced “Tata AIA Health SIP,” a unique plan that combines health coverage with wealth creation. Health Buddy, available through the Tata AIA app, offers preventive health check-ups, doctor consultations across 24 specialties, dental and women’s wellness services, fitness guidance, and second medical opinions for critical illnesses. Tata AIA has also unveiled a friendly mascot to make the concept approachable and accessible. Amit Dave, Chief Distribution…

11 Sep

Apple plans to introduce the thinnest iPhone

editorBusiness

Launch of the iPhone 17 Air: Apple has made a radical design change with the new iPhone 17 Air, which is only 5.6 mm thick. Additionally, the company announced a slimmer, smarter Apple Watch Series 11 and updated AirPods Pro with live translation. The focus of Tuesday's Apple event was remodeling and fresh design. Apple unveiled a brand-new iPhone Air model, the thinnest of its kind at only 5.6mm. Because of the new form, the phone's internal components had to be changed to make room for the device. However, this redesign did not entail sacrificing quality because the phone boasts…

10 Sep

Cottonseed oil futures prices downgrade on weak demand

Business CorrespondentBusiness, News

New Delhi, Cottonseed oil cake prices on Tuesday fell by Rs 38 to Rs 2,954 per quintal in futures trade as traders reduced their positions following a weak trend in the spot market. At the NCDEX, cottonseed oil cake contracts for December delivery fell by Rs 38, or 1.29 per cent, to Rs 2,954 per quintal in a business turnover of 7,890 lots. Analysts said selling by traders at current levels amid sluggish market sentiment mainly led to the fall in cottonseed oil cake prices.

10 Sep

Instamart unveils Quick India Movement sale with up to 90% discounts, 10-minute delivery

Business BureauBusiness

Instamart, India’s leading quick commerce platform, has announced its first-ever annual mega sale, the Instamart Quick India Movement 2025, billed as the country’s quickest sale. The 10-day shopping festival will be live on the Instamart and Swiggy apps from September 19 to 28, offering customers discounts between 50% and 90% across more than 50,000 products, delivered in just 10 minutes. The sale will feature blockbuster deals on smartphones from OnePlus, Oppo, Xiaomi, and realme, as well as gadgets and appliances from boAt, JBL, and Philips. Home and kitchen brands like D’Decor, Bergner, and Borosil, along with personal care essentials from…

09 Sep

Infosys shares increase after buyback proposal

Business CorrespondentBusiness, News

New Delhi: Infosys shares jumped nearly 5 percent on Tuesday after the company said its board will consider a proposal for buyback of equity shares on September 11. The stock rose 4.70 percent to Rs 1,500 on the BSE. It rose 4.68 percent to Rs 1,502.80 on the NSE. No other details were given in the notice filed by Infosys to the BSE about the buyback. "The board of directors of Infosys Limited will, at its meeting scheduled to be held on September 11, 2025, consider a proposal for buyback of fully paid-up equity shares of the company, in accordance…

09 Sep

Swiggy enters gifting market with ‘Giftables’, targets festive season surge

Business BureauBusiness

Swiggy Ltd (NSE: SWIGGY) has entered the gifting space with the launch of Giftables, an on-demand gifting platform offering over 10,000 curated options ranging from cakes, flowers, and chocolates to perfumes, electronics, and toys. The service, aimed at simplifying both last-minute and planned gifting, allows users to combine multiple gifts into a single order delivered in 10–60 minutes. Currently live in Bangalore, Swiggy plans to expand Giftables to Mumbai, Delhi, and other metropolitan cities soon. A standout feature includes an upcoming AI-powered gifting chatbot that will provide personalized recommendations based on the occasion, recipient’s personality, relationship, and interests. Users can…

08 Sep

Aluminium futures increase: New deals push fuel prices higher

Business CorrespondentBusiness, News

New Delhi: Aluminium prices rose by 75 paise to Rs 256.30 per kg in futures trade on Monday as speculators created new deals amid a positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for October delivery rose by 75 paise, or 0.29 per cent, to Rs 256.30 per kg in a business turnover of 438 lots. Analysts said fresh buying by traders amid demand from consumer industries supported aluminium prices in the futures market.

08 Sep

Godrej Agrovet opens first Samadhan Center in Mizoram, pioneer oil palm growth

Business BureauBusiness

Godrej Agrovet Limited’s Oil Palm Business has inaugurated its first Samadhan center for oil palm farmers in Bukvannei, Kolasib district, signaling a major push to modernize the state’s palm oil sector. Samadhan, a one-stop solution (OSS) center, provides farmers with end-to-end support—from seed to harvest—offering access to advanced tools, advisory services, and productivity-enhancing solutions. The launch was attended by Joseph Lalnuntluanga, District Agriculture Officer, Kolasib; Lianthanzauva, Assistant Director of Agriculture; and Sougata Niyogi, CEO – Oil Palm Business, Godrej Agrovet. Mizoram, under the National Mission on Edible Oil – Oil Palm (NMEO-OP), has a cultivation potential of 60,000–70,000 hectares. The…