Sunday, February 15

Business

Crude oil prices gain on spot demand
Business, News

Crude oil prices gain on spot demand

New Delhi, Crude oil prices rose by Rs 9 to Rs 5,653 per barrel in futures trade on Wednesday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 9 or 0.16 percent to Rs 5,653 per barrel in a business of 9,125 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.50 percent higher at $66.85 per barrel in New York, while Brent crude rose 0.28 percent to $68.90 per barrel.
Toyota expands Northeast presence with new dealership in Guwahati
Business

Toyota expands Northeast presence with new dealership in Guwahati

Toyota Kirloskar Motor (TKM) has strengthened its footprint in Northeast India with the launch of a new dealership, Gargya Toyota, in Guwahati. The facility, inaugurated today, aims to meet the rising demand for mobility solutions and enhance customer accessibility in the region. Located at GS Road, Dispur, the 5,100 sq. ft. 1S (sales) outlet will offer Toyota’s full product lineup, including the Innova Hycross, Fortuner, Hilux, Urban Cruiser Hyryder, Camry Hybrid, and Vellfire. The dealership also houses Toyota U-Trust, enabling buying, selling, and exchange of used vehicles. Speaking at the inauguration, Arun G Nair, VP & Chief Representative – East Region, TKM, said, “The Northeast holds immense market potential. This new facility brings us closer to our customers while ensur...
Silver futures prices lapse: Prices drop by Rs 256
Business, News

Silver futures prices lapse: Prices drop by Rs 256

New Delhi, Silver prices on Tuesday fell by Rs 256 to Rs 1,12,680 per kg as participants reduced their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery fell by Rs 256, or 0.23 percent, to Rs 1,12,680 per kg in a business turnover of 21,003 lots. Analysts said selling by participants at current levels in the market mainly influenced silver prices. Globally, silver was trading 0.53 percent higher at $38.33 an ounce in New York.
Slice Small Finance Bank’s Assam Footprint Expands: Jobs, Deposits, and Rural Banking
Business

Slice Small Finance Bank’s Assam Footprint Expands: Jobs, Deposits, and Rural Banking

slice small finance bank (slice SFB), headquartered in Assam, has reported a significant 20.7% increase in its deposit base across the state over the past year, alongside the creation of over 400 local jobs. This strong growth highlights the bank’s expanding footprint in Assam and the broader Northeast, bolstering financial inclusion and economic development in the region. The bank is opening new branches in Wokha (Nagaland), and Bawngkawn and Serchhip (Mizoram), while modernizing several branches across Assam to offer a digital-first, customer-friendly experience. Tailored especially for rural households, women-led ventures, and new digital users, these centres aim to bridge financial access gaps. Local entrepreneurs and MSMEs have benefited from easier credit access, faster disbur...
Aluminium futures prices gain on speculative trading
Business, News

Aluminium futures prices gain on speculative trading

New Delhi, Aluminium prices rose by 65 paise to Rs 249.95 per kg in futures trade on Monday as speculators created fresh positions amid positive trend in the spot market. At the Multi Commodity Exchange, aluminium contracts for August delivery rose by 65 paise, or 0.26 percent, to Rs 249.95 per kg in a business turnover of 1,290 lots. Analysts said fresh positions created by traders amid demand from consumer industries supported aluminium prices in the futures market.
Screen Academy launch brings hope to aspiring filmmakers, opens doors beyond metro cities
Business

Screen Academy launch brings hope to aspiring filmmakers, opens doors beyond metro cities

The Indian Express Group, in collaboration with the Lodha Foundation, has launched Screen Academy — a not-for-profit initiative to support the dreams of young Indian filmmakers. Aimed at students with exceptional talent but limited financial means, the Academy will offer fully-funded postgraduate fellowships at top film schools including FTII Pune, SRFTI Kolkata, and Whistling Woods International Mumbai. With celebrated names like Guneet Monga, Payal Kapadia, and Resul Pookutty on board, the Academy promises not only financial aid but also mentorship, internships, and access to industry networks. The revival of the prestigious Screen Awards will also be managed by the Academy, ensuring credible recognition for artistic excellence. This initiative holds immense potential. With a grow...
Glenmark Pharma shares gain 10%, hit upper circuit limit
Business, News

Glenmark Pharma shares gain 10%, hit upper circuit limit

Glenmark Pharma Share Price: Shares of Glenmark Pharmaceuticals Ltd surged 10 per cent on Friday after the company announced that it has signed an up to USD 2 billion deal with AbbVie to commercialise its under-development drug for treating cancer and autoimmune diseases, in one of the biggest transactions in the pharma sector. The stock rose 9.99 per cent to hit a fresh 52-week high and upper circuit limit of Rs 2,095.65 on the BSE. On the NSE, the stock rose 10 per cent to Rs 2,094.40 - its fresh 52-week high and upper circuit limit. Ichnos Glenmark Innovation, an arm of Glenmark Pharmaceuticals, has signed an agreement for its key investigational asset 'ISB 2001'. ISB 2001, intended for the treatment of cancer and autoimmune diseases, has been developed for oncology and aut...
Toyota Kirloskar Motor Launches ‘Prestige Package’ for Urban Cruiser Hyryder
Business

Toyota Kirloskar Motor Launches ‘Prestige Package’ for Urban Cruiser Hyryder

Toyota Kirloskar Motor (TKM) has launched a limited-period ‘Prestige Package’ for the Urban Cruiser Hyryder. The package, available from July 2025, includes 10 premium dealer-fitted accessories such as body cladding, hood emblem, and chrome garnishes—designed to enhance the SUV’s visual appeal, protection, and road presence. The Urban Cruiser Hyryder continues to set benchmarks with its self-charging strong hybrid electric powertrain powered by a 1.5L TNGA Atkinson cycle engine and an electric motor. With its silent operation, high fuel efficiency, and multiple drive options including mild-hybrid and AWD variants, the Hyryder has become a preferred choice among urban buyers. A  gateway to the eastern Himalayan region, the Hyryder has seen steady growth in demand, especi...
Used car sales to gain 8-10% in FY26
Business, News

Used car sales to gain 8-10% in FY26

Kolkata: Used car sales are expected to grow 8 to 10 percent in FY2025-26, according to a report by Crisil Ratings. The report said that due to increasing digital usage and better financial access, sales are likely to reach around 60 lakh units this fiscal. The ratio of used to new cars in sales has increased from less than one to 1.4 in the last five years, the report said. The market value of used cars is estimated to be around Rs 4 lakh crore. The report said that organised players in the sector are incurring high operating costs on refurbishment, logistics and financing as the sector is in a state of expansion, resulting in cash losses. However, according to the report, strong revenue growth is expected to balance the operating profit levels in this fiscal and the next ...
LIC’s June premium income rose 14.6%
Business, News

LIC’s June premium income rose 14.6%

New Delhi, Life Insurance Corporation (LIC) has recorded a 14.60 percent year-on-year growth in individual premium in June 2025, much higher than the 12.12 percent growth in premium income of private life insurers, data from the Life Insurance Council showed on Thursday. In June 2025, LIC collected Rs 5,313 crore from individual premium, while the total contribution of 25 private sector companies stood at Rs 8,408 crore. During June 2025, the total policies issued by LIC rose to 12.49 lakh from 14.65 lakh in the same period last year. In the individual policies category, LIC issued 12.48 lakh policies for June 2025, while the number was 14.62 lakh in 2024. The number of group policies stood at 1,290 last month, while the number was 2,827 in June 2024. In group premium income, LIC...