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14 Feb

Swiggy shares rose after reports of potential commission hike

Business CorrespondentBusiness, News

Swiggy shares jumped as much as 8% in Thursday's trade, according to media reports. According to media reports, about 5,000 merchants will face a 2% hike in the commission they pay to the company. The report indicated that Swiggy is implementing rate adjustments for partner merchants operating under the old commission model. On Thursday, Swiggy shares recorded their best rise in two weeks. However, the stock lost some of its intraday gains, closing at ₹365.50, up 7.1% on the NSE. The food-tech giant had earlier informed select restaurant partners via email that the standardisation would be effective from February 16,…

13 Feb

Bangur Cement launches a new premium product, Bangur Marble

Business BureauBusiness

Shree Cement, one of India’s leading cement manufacturers, has launched its premium product, Bangur Marble Cement, under its master brand, Bangur Cement. This PSC cement offers best-in-segment brightness, superior strength, and crack resistance, making it ideal for exposed concrete structures and ensuring grand, imposing designs. Bangur Marble Cement was launched today in Kolkata, West Bengal, following its introduction in Jharkhand and Bihar. The product will be available to over 2000 retailers across Bihar, Jharkhand, West Bengal, and other Indian states. Retailers will have access to the product, with in-store demonstrations highlighting the features of this new offering. Speaking on the…

13 Feb

Ashok Leyland shares inflation over 7%, net profit jumps 31% in Q3

Business CorrespondentBusiness, News

Shares of Ashok Leyland, a leading commercial vehicle maker and the Indian flagship of the Hinduja Group, jumped nearly 7% during intraday trade after the company reported its highest ever net profit of ₹762 crore in the December quarter. The company's standalone net profit in the third quarter of the current fiscal year rose 32% year-on-year to ₹762 crore compared to ₹575 crore in the same period last year. The company's net profit in the previous September quarter of 2024 was ₹770 crore. Ashok Leyland's revenue rose to ₹9,479 crore in the quarter under review compared to ₹9,273 crore in…

12 Feb

Sikaar wins Best International Film at RIFF 2025

Business BureauBusiness

Sikaar, the Assamese action-thriller of 2024, has made history by winning the Best International Film- Directors award at the 11th Rajasthan International Film Festival (RIFF) 2025. Starring Zubeen Garg, Urmila Mahanta, and Adil Hussain, the film has been lauded for its gripping storyline and grand cinematic execution. Directed by Debangkar Borgohain and produced by Sam Bhattacharjee and Mitra Bhattacharya, Sikaar stands as the highest-budget Assamese film ever made, elevating the regional industry to an international platform. At the festival in Jodhpur, Debangkar Borgohain received the Best Directed International Film award, marking another milestone for Assamese cinema. Speaking about the film’s…

12 Feb

IRCTC put up a strong performance in the December quarter, reporting a 14 percent inflation in net profit

Business CorrespondentBusiness, News

Indian Railway Catering and Tourism Corporation (IRCTC), the catering and ticketing arm of the Indian Railways, reported December quarter earnings on Tuesday. For the quarter under review, the company's standalone net profit stood at Rs 341 crore, up nearly 14 percent from Rs 299.9 crore reported in the same period last year.The topline also rose to Rs 1,224.65 crore, reflecting a growth of nearly 10 percent over the same period last year. In Q3FY24, the state-run entity's revenue from operations stood at Rs 1,115.4 crore.The total expenses of the railway entity also rose during the quarter under review to Rs…

11 Feb

Bangur Cement launches ‘Bangur Marble’ in Patna, eyes expansion in eastern India

Business BureauBusiness

Shree Cement, one of India’s leading cement manufacturers, has introduced its new premium product, Bangur Marble Cement, in Patna, Bihar. The launch follows its debut in Ranchi, Jharkhand, with plans for further expansion into West Bengal and other states. Bangur Marble Cement, a premium PSC cement, is designed for superior brightness, strength, and crack resistance, making it ideal for exposed concrete structures. The product will be available through over 2,000 retailers across Bihar, Jharkhand, and West Bengal, with in-store demonstrations showcasing its key features. Neeraj Akhoury, Managing Director of Shree Cement Ltd., stated, “Bangur Marble Cement is a testament to…

11 Feb

Indian Idol contestant Subhajit moves audience with emotional ‘BadaNaamKarenge’ performance

Business BureauBusiness

Indian Idol contestant Subhajit delivered a heart-touching performance of the title track from BadaNaamKarenge, leaving the audience and judges emotional. The episode turned into a memorable tribute to Rajshri Productions, with show runner Sooraj R. Barjatya, director PalashVaswani, actors Ayesha Kaduskar and Ritik Ghanshani, and composer Anurag Saikia gracing the occasion to promote their show. Hailing from Changual, a small village in West Bengal, Subhajit’s journey from running a pan stall to standing on the grand Indian Idol stage is a testament to perseverance. His parents' presence during his performance added to the emotional depth of the moment. “It’s a…

11 Feb

Delhivery shares drop 5% despite net profit doubling to ₹25 crore in Q3

Business CorrespondentBusiness, News

Delhivery shares fell as much as 5% during trading on Monday, February 10.The company reported its Q3 earnings after the market opened on Friday, February 7.The company's net profit rose 113% to ₹25 crore in the third quarter from ₹11.7 crore last year. Its revenue grew 8.4% to ₹2,378.3 crore. Its revenue was ₹2,194.4 crore in the third quarter of the previous fiscal.The company's earnings before interest, tax, depreciation and amortization (EBITDA) fell 6.2% to ₹102.4 crore as against ₹109.2 crore in the previous fiscal.Its margins stood at 4.3% as against 5% last year.MD and CEO Sahil Barua said, "Profitability…

10 Feb

Tinder, CSR launch Dating Safety Guide in Indian languages to boost awareness

Business BureauBusiness

Ahead of Safer Internet Day, Tinder, in collaboration with the Centre for Social Research (CSR), has launched its industry-leading Dating Safety Guide in four Indian languages—Hindi, Marathi, Kannada, and Bengali. The initiative aims to make online dating safer and more accessible by reaching a broader audience in their native languages. The guide, initially introduced in English in 2023, provides essential tips and tools for young adults to navigate online dating safely and confidently. Tinder has partnered closely with CSR, a leading non-profit working towards gender equality and safer digital spaces, to develop this resource. The guide addresses key concerns identified…

10 Feb

ASCI releases the Top Influencer Compliance Scorecard

Business BureauBusiness

The Advertising Standards Council of India (ASCI) has released the Top Influencer Compliance Scorecard, revealing that 69% of India’s Top 100 Digital Stars failed to meet guidelines for influencers on social media. Prominent and hard-to-miss disclosures are mandated in the case of any material connection, not only as per ASCI’s Guidelines for Influencers Advertising in Digital Media but also the Central Consumer Protection Authority’s (CCPA) Guidelines. The study analyzed brand-promotion posts by influencers featuring in Forbes India’s Top 100 Digital Stars 2024 across Instagram and YouTube between September and November 2024. With a combined reach of over 110 million, these…