Business

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…

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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.…

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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…

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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…

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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…

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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…

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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…

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20 Feb

TKM announces the commencement of bookings of the Land Cruiser 300

Business BureauBusiness

Toyota Kirloskar Motor has announced the commencement of bookings of the Land Cruiser 300, an icon of prestige, power, and rugged capability. Built upon a legacy of over 70 years, the Land Cruiser 300 is the ultimate expression of Toyota’s engineering excellence, designed to meet the expectations of luxury seekers and off-road enthusiasts. Renowned for its unmatched reliability, commanding presence, and superior performance, the Land Cruiser 300 is the flagship SUV of Toyota’s global lineup. The latest iteration combines a revolutionary new platform, advanced powertrain, cutting-edge safety features, and opulent interiors, ensuring a seamless blend of luxury, strength, and off-road…

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20 Feb

ASCI signs a Memorandum of Understanding with FIFS, AIGF, and EGF

Business BureauBusiness

In a major initiative to curb the rise of illegal betting and gambling advertisements by offshore entities, the Advertising Standards Council of India (ASCI) has signed a Memorandum of Understanding (MoU) with the Federation of Indian Fantasy Sports (FIFS), the All India Gaming Federation (AIGF), and the E-Gaming Federation (EGF), effective January 2, 2025. This collaboration aims to safeguard consumers from misleading and illegal ads, establishing a special monitoring cell to flag and report such advertisements to relevant authorities. Since the MoU's launch, ASCI has flagged 413 ads of offshore betting to the Ministry of Information and Broadcasting and processed…

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19 Feb

Swiggy shares upsurge 7% during intraday

Business CorrespondentBusiness, News

Shares of foodtech giant Swiggy jumped nearly 7% to Rs 370.90 during the intraday trading session on the BSE today (February 19).The surge in its share price coincided with a surge in the broader market. The Sensex is up 0.068% at 76,018.91, while the Nifty is volatile and is trading 0.020% lower at 22,940.65 at 11:11 am.With the surge in Swiggy's share price, its market capitalisation reached Rs 83,576 crore at the time of writing and over 1 crore volumes had been traded by then.The stock has closed in the green in three of the last five sessions. Swiggy had…

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