Tuesday, April 14

Business

Vi Business to light up 12 million homes with smart meters by 2028
Business

Vi Business to light up 12 million homes with smart meters by 2028

Vi Business—the enterprise arm of Vodafone Idea Limited—has announced its mission to deploy 12 million smart meters across India in the next three years. Designed to transform the way households and utilities manage electricity, the initiative aims to empower consumers with real-time data and help DISCOMs reduce power losses and improve billing accuracy. Backed by Vi’s IoT Smart Central platform and years of on-ground experience, the rollout will bring secure, efficient, and scalable solutions to urban and rural areas alike. From onboarding to deployment, each meter will be tested through Vi’s dedicated IoT Lab, ensuring performance and reliability. The initiative brings new hope to consumers and local power providers. Known for frequent power disruptions and billing inconsistencies...
Silver futures rose: Prices gain on new deals
Business, News

Silver futures rose: Prices gain on new deals

New Delhi, Silver prices rose by Rs 680 to Rs 1,14,966 per kg in futures trade on Friday as participants increased their deals. At the Multi Commodity Exchange, the price of silver contract for September delivery rose by Rs 680, or 0.59 percent, to Rs 1,14,966 per kg in a business turnover of 15,933 lots. Analysts said buying of new deals by participants led to the rise in silver prices. However, silver was trading 0.16 per cent lower at $38.32 per ounce in New York.
International Roaming for the Whole Family: Vi REDX Family Plans
Business

International Roaming for the Whole Family: Vi REDX Family Plans

Vodafone Idea (Vi) has expanded its flagship REDX postpaid portfolio with the launch of the REDX Family Plan—India’s first family postpaid plan offering truly unlimited 4G/5G data, international roaming, and equal premium benefits for both primary and secondary users. Priced at ₹1601/month for two members, the plan sets a new benchmark in the premium postpaid segment. Key offerings include unlimited voice calls, 3,000 SMS per month, bundled access to top OTT platforms like Netflix, Amazon Prime, JioCinema, and SonyLIV, a six-month Swiggy One subscription, four complimentary airport lounge visits annually, and a 7-day international roaming pack worth ₹2,999. Additional members can be added at ₹299 each, with full benefits. The plan also features Norton device protection and Vi Priority ...
Shares of state-owned BHEL downgrade 7% as net loss widens in June quarter; see all Q1 numbers
Business, News

Shares of state-owned BHEL downgrade 7% as net loss widens in June quarter; see all Q1 numbers

Shares of state-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday, August 7, fell nearly 7% as the company's June quarter net loss widened due to higher expenses. BHEL on Wednesday reported that its consolidated net loss widened to ₹455.50 crore in the June quarter of FY2025-26 from a net loss of ₹211.40 crore in Q1 FY2025. Total expenses rose to ₹6,279.78 crore in the quarter from ₹5,874.98 crore in the same period a year ago. However, total income rose marginally to ₹5,658.07 crore from ₹5,581.78 crore in the same quarter a year ago. Following the earnings, BHEL shares hit a low of ₹223.79 per share on Thursday. At the time of writing, the stock was trading 6.53% lower at ₹224.17 per share. The public sector company's total order inflow during the quarter stood at ₹13...
Zinc futures prices gain on demand
Business, News

Zinc futures prices gain on demand

New Delhi, Zinc prices on Wednesday rose by 15 paise to Rs 265.20 per kg in futures trade amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose by 15 paise, or 0.06 percent, to Rs 265.20 per kg in a business turnover of 3,118 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a rise in demand from consumer industries, market sources said.
Adani Ports Q1 profit gain 6.54% to Rs 3,310.60 crore
Business, News

Adani Ports Q1 profit gain 6.54% to Rs 3,310.60 crore

New Delhi, Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 6.54 per cent rise in its consolidated net profit to Rs 3,310.60 crore in the June quarter of the current fiscal year on the back of increased income. The company had posted a net profit of Rs 3,107.23 crore in the April-June quarter of FY25, in a regulatory filing. Total income rose to Rs 9,422.18 crore in the quarter under review from Rs 8,054.18 crore in the year-ago quarter. Expenses also rose to Rs 5,731.88 crore during the period from Rs 4,238.94 crore in the year-ago quarter.
Copper futures prices gain on spot demand
Business, News

Copper futures prices gain on spot demand

New Delhi, Copper futures prices on Monday rose 0.16 per cent to Rs 885.65 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for September delivery rose by Rs 1.45, or 0.16 per cent, to Rs 885.65 per kg in a business turnover of 1,206 lots. Analysts attributed the rise in copper prices to higher bets by participants.
Center Fresh and YouGov “India Overthinking Report” finds a nation is thinking more about pizza than politics
Business

Center Fresh and YouGov “India Overthinking Report” finds a nation is thinking more about pizza than politics

A new report by Center fresh and YouGov has uncovered a startling trend among Indians—overthinking dominates their daily lives, even in the most mundane moments. Titled the India Overthinking Report, the study found that 81% of Indians overthink for more than three hours a day, with one in four calling it a constant habit. The report highlights a curious national mindset: 63% of Indians say deciding on food is more stressful than choosing a political leader, with 61% admitting they spend more time pondering a food order than national elections. This indecisiveness extends to digital life too, with nearly 32% fretting over whether an emoji might come off as “too much.” In Shillong, this pattern holds strong among students and young professionals. Local eateries report customers often...
ITC Q1 results: Net profit steady at ₹4,912 crore, revenue grow 20% y-o-y
Business, News

ITC Q1 results: Net profit steady at ₹4,912 crore, revenue grow 20% y-o-y

India's leading fast-moving consumer goods (FMCG) company, ITC Ltd on Friday, August 1, reported a steady standalone net profit of ₹4,912 crore for the April-June quarter as against ₹4,917 crore in the same period last year. However, the company's operating revenue during the quarter under review grew 20% y-o-y to ₹21,059 crore as against ₹17,593 crore in the same period a year ago. This strong growth in revenue was led by cigarettes, agribusiness and FMCG. ITC reported stable operating performance as its earnings before interest, tax, depreciation and amortization (EBITDA) grew 3% to ₹6,261 crore in Q1 FY26 from ₹6,086 crore in the same quarter last fiscal. In Q1 FY26, EBITDA margin declined to 30% from 34.5% in the same quarter last fiscal. ITC said it delivered strong perfo...
Maruti Suzuki July sales gain 3%
Business, News

Maruti Suzuki July sales gain 3%

New Delhi, Maruti Suzuki India on Friday reported that total sales in July rose 3 percent year-on-year to 1,80,526 units, led by exports. The leading automaker had sold a total of 1,75,041 vehicles in the same month last year. Total domestic passenger vehicles dispatched to dealers grew marginally as compared to 1,37,463 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars such as Alto and S-Presso declined to 6,822 units from 9,960 units in July 2024. Sales of compact cars including Baleno, Dzire, Ignis and Swift rose to 65,667 units from 58,682 units a year ago. Sales of utility vehicles such as Grand Vitara, Brezza, Ertiga and XL6 stood at 52,773 units last month as against 56,302 units in July last year. Sales o...