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12 Apr

LIC raises stake in 4 Adani Group companies

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness

While mutual funds reduced their stakes in Adani group companies, the country's largest investor in the public market - Life Insurance Corporation of India (LIC) - increased its stake in four group stocks amid a sell-off crisis in the March quarter. A damning report by US-based short seller Hindenburg Research. In the March quarter the insurer increased its stake in four of the six companies - Adani Green Energy, Adani Enterprises, Adani Total Gas and Adani Transmission, while it reduced its stake in two others - Ambuja Cements and Adani Ports and Special Economic Zone. Shareholding in ACC remained the…

11 Apr

Rekha Jhunjhunwala earned Rs 692 crore in a month from this Tata Group stock

Priyanka Bhowmick0 CommentsBusiness, IndiaIndia

Rekha Jhunjhunwala, India's third richest woman, and wife of the late Rakesh Jhunjhunwala, is nothing short of an inspiration for women investors in our country. His portfolio is often followed closely by retail investors in an attempt to emulate or come close to his success as an investor. This one is a legit example of an Indian woman who earns crores through her portfolio, last month, a company in Rekha Jhunjhunwala's portfolio earned Rs 692 crore. Titan Company shares have gained ₹150.90 or 6.30% in the last month. In this LIC-backed Tata Group company, Rekha Jhunjhunwala owns 5.17% shares or…

11 Apr

BoB’s loans grew faster than overall banking system in FY23

Priyanka Bhowmick0 CommentsBusiness, IndiaIndia

Public sector lender Bank of Baroda's (BoB) progress in FY23 grew by 19 percent on a year-on-year (YoY) basis, higher than the nearly 15 percent growth in the banking system for the financial year. In absolute terms, advances rose to Rs 9.73 trillion by the end of 2023 from Rs 8.18 trillion at the end of March 2022, according to a BSE filing. BoB deposits rose 15.1 percent YoY to Rs 12.04 trillion at the end of March 2023. This pace was higher than the 9.6 percent annual growth in banking system deposits Sequentially they rose 4.7 percent to Rs…

10 Apr

Amritpal aide, Papalpreet Singh arrested by police

Priyanka Bhowmick0 CommentsIndiaIndia

Papalpreet Singh, an associate of Waris Punjab De chief and self-styled campaigner Amritpal Singh, was arrested from Hoshiarpur in a joint operation by Punjab Police and Punjab Counter Intelligence on Monday. Right now he is under the custody of Amritsar Rural Police. Papalpreet was also wanted in the Ajnala violence case, which was registered at the Ajnala police station on February 23. He was absconding with Amritpal after police began an operation against the Waris Punjab De chief last month. Last week, CCTV footage purportedly showing Papalpreet at a 'dera' near Tanuli village in Hoshiarpur surfaced on social media. Meanwhile,…

10 Apr

Perfume brand Denver ropes in actor Varun Dhawan as its brand ambassador

Priyanka Bhowmick0 CommentsBusiness, IndiaIndia

Denver is on the way to launching a campaign featuring the actor to connect with its target audience and increase the brand's reach all over India. Commenting on the association, Varun Dhawan said in a statement, “I am thrilled to announce my association with Denver, a brand I have always admired for their commitment to delivering the best. Working with the energetic team at Denver Face Wash has been a great experience, and I'm excited to be a part of their growth journey.” Saurabh Gupta, Sales Marketing Director, Vanessa Care added, “Partnering with Varun Dhawan presents an exceptional opportunity for…

08 Apr

Karnataka Bank targets ₹1.75 lakh cr turnover in 2023-24

Priyanka Bhowmick0 CommentsIndia, BusinessWest Bengal

Karnataka Bank plans to achieve 17.69 percent growth in its centennial year to take its total business turnover to Rs 1,75,000 crore in 2023-24, it's CEO and Managing Director MS Mahabaleshwara said. Addressing employees of branches and offices across the country in the new financial year from the Mangaluru head office via virtual mode on Friday, he outlined the strategy and broad plan of action for the year 2023-24. As per provisional numbers, the bank's business turnover grew by 7.63 percent to Rs 1,48,694 crore, comprising deposits of Rs 87,362 crore and advances of Rs 61,326.00 crore, he said. "We…

07 Apr

Active cases in India have crossed the 28,000 mark

Priyanka Bhowmick0 CommentsCovid19, Health, IndiaCovid-19, India

According to Union Health Ministry data updated on Friday, India recorded another jump as 6,050 Covid cases were logged in the country in the last 24 hours. yesterday the country reported 5,300 active covid cases. With this, the country's active COVID-19 caseload reached 28,303 active cases, an increase of nearly 2716 cases. As the case progresses, Union Health Minister Dr. Mansukh Mandaviya will chair a review meeting with the health ministers of all states and Union Territories today, news agency ANI reported. “The Center has regularly issued guidelines to states and Union Territories on Covid-19. PM Modi has reviewed the…

07 Apr

Nasher Miles names Rishabh Pant as its brand ambassador

Priyanka Bhowmick0 CommentsIndia, BusinessIndia

Luggage brand Nasher Miles has roped on cricketer Rishabh Pant as their brand ambassador. As part of the association, the brand plans to run digital ads featuring cricketers. Lokesh Daga, founder, and CEO of Nasher Miles said, “Cricket in India spans all age groups, categories and geographies and Pant is a well-known Indian wicketkeeper-batsman. Considering this, we chose Pant as the face of our brand. “I am extremely excited to be the face of Nash Miles, and I completely resonate with the brand's motto of making the travel experience more fun, efficient and memorable through its wide range of affordable…

06 Apr

L’Oreal buys Australian luxury brand Aesop

Priyanka Bhowmick0 CommentsBusiness, IndiaIndia

French cosmetics group L'Oréal has entered into an agreement with Brazil's Natura & Co to buy the Australian luxury brand at an enterprise price of $2.53 billion, both companies said on Monday. According to a statement, the Aesop brand will have sales of $537 million in 2022. "Aesop taps into all of today's booming currents and L'Oreal will contribute to unlocking its huge growth potential, particularly in China and travel retail," L'Oreal CEO Nicolas Hieronymus said in the statement. The L'Oréal Luxe division, which includes L'Oreal, was the group's top performer for the second consecutive year in 2022, with sales…

05 Apr

Salman Khan’s fans will launch the new poster of ‘Kisi Ka Bhai Kisi Ka Jaan’ on April 6.

Priyanka Bhowmick0 CommentsEntertainment, IndiaEntertainment, India

The much-awaited track 'Yentamma' from 'Kisi Ka Bhai Kisi Ki Jaan' is out and the fans are overwhelmed. The song features Ram Charan, Salman Khan, and Venkatesh Daggubati wearing lungis and taking the internet by storm. Yentamma brings a wonderful mix of Hindi and Telugu songs with Salman Khan, Ram and Venky in Pooja Hegde's peppy number. Both Hindi and Telugu listeners are mesmerized by every bit of the song and the great combination of South and Bollywood stars. Yentamma is nothing short of a surprise package for viewers who witness the high-octane and energetic performance of the trio. The…