Business Archives - Page 23 of 89

Croma has kicked off the festive season with its much-awaited ‘Festival of Dreams’ campaign

19Sep

By Business BureauNo Comments

Business

Croma has kicked off the festive season with its much-awaited ‘Festival of Dreams’ campaign

Croma, India’s leading omni-channel electronics retailer, has rolled out the first leg of its much-awaited ‘Festival of Dreams’ campaign, offering festive deals across West Bengal, Odisha, Assam, Meghalaya, and Jharkhand. The campaign, running from September 12 to 22, is designed to make Durga Puja shopping more affordable with attractive discounts, cashback up to ₹30,000, and GST relief benefits. Key offers include flat 35% off on televisions, air conditioners, and small appliances, 25% off on refrigerators, 30% off on washing machines and home audio, and 20% off on laptops. Smartphones are available at 15% off, while earphones and headphones come with a 45% discount. The retailer is also extending EMI plans and exchange offers to boost affordability. In Shillong, the festive seas...

Crude oil futures downturn due to weak spot demand

18Sep

By editorNo Comments

Business, News

Crude oil futures downturn due to weak spot demand

New Delhi, Crude oil futures fell by Rs 11 to Rs 5,611 per barrel on Thursday as traders cut their positions due to weak demand in the spot market. At the Multi-Commodity Exchange, the price of crude oil contract for October delivery fell by Rs 35, or 0.62 percent, to Rs 5,611 per barrel with a turnover of 4,866 lots. Analysts said prices were impacted by traders cutting their positions amid weak demand in the spot market. Globally, West Texas Intermediate crude oil was trading at $63.72 per barrel, down 0.52 percent, in New York, while Brent crude fell 0.44 percent to $67.65 per barrel.

Vedanta Shares downturn After NCLT Delays Disinvestment Hearing

17Sep

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Business, News

Vedanta Shares downturn After NCLT Delays Disinvestment Hearing

New Delhi: Vedanta shares fell more than 1 percent on Wednesday after the National Company Law Tribunal (NCLT) postponed the hearing on the company's ambitious disinvestment proposal until October 8. The Ministry of Petroleum and Natural Gas had objected to the plan, citing lack of necessary disclosures. The company's shares fell 3.78 percent to ₹443.90 during the day's trading on the BSE. Later, it recovered some of its losses and closed at ₹456.05 per share, down 1.15 percent. On the NSE, the company's shares fell 1.11 percent to close at ₹456.15 per share. During the day's trading, the company's shares fell 3.75 percent. The NCLT's Mumbai bench also directed Vedanta and the ministry to submit written arguments within five days. The Ministry of Petroleum and Natural Gas's la...

Guar gum futures prices gain on strong demand

16Sep

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Business, News

Guar gum futures prices gain on strong demand

New Delhi, Guar gum prices rose by Rs 16 to Rs 9,311 per quintal in futures trade on Tuesday as speculators increased their deal size amid strong spot demand. At the National Commodity and Derivatives Exchange, the price of guar gum contract for October delivery rose by Rs 16, or 0.17 per cent, to Rs 9,311 per quintal in a business turnover of 50,010 lots. Analysts said that in view of the strong spot market trend, traders increased their deal size, leading to a rise in guar gum prices.

15Sep

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Business, News

Crude oil futures gain on spot demand

New Delhi, Crude oil prices rose by Rs 36 to Rs 5,562 per barrel in futures trade on Monday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for October delivery rose by Rs 36 or 0.65 per cent to Rs 5,562 per barrel in a business of 8,064 lots. Analysts said crude oil prices rose in futures trade as traders increased the size of their deals. Globally, West Texas Intermediate crude was trading 0.38 per cent higher at $62.93 per barrel in New York, while Brent crude rose 0.36 percent to $67.23 per barrel.

15Sep

By Business BureauNo Comments

Business

HMD strengthens market play with Vibe 5G launch, expands 4G lineup ahead of festive demand

HMD has announced three new additions to its India lineup — the HMD Vibe 5G, HMD 101 4G, and HMD 102 4G — strengthening its presence across both smartphone and feature phone categories. The highlight of the launch is the HMD Vibe 5G, priced at a special festive offer of ₹8,999. Positioned as an affordable gateway to next-gen connectivity, the device features a 6.67-inch HD+ display with 90Hz refresh rate, a 50MP dual rear camera, 5000mAh battery with 18W fast charging, and Android 15. Powered by a Unisoc T760 processor with 4GB RAM (expandable via virtual RAM), it supports 9 5G bands and comes with a one-year replacement guarantee. HMD also introduced the HMD 101 4G (₹1,899) and HMD 102 4G (₹2,199), catering to users who prefer simplicity with modern essentials. Both models offer dual ...

TCS Rural IT Quiz 2025 launches, bring technology awareness closer to students in smaller towns

14Sep

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Business

TCS Rural IT Quiz 2025 launches, bring technology awareness closer to students in smaller towns

Tata Consultancy Services (TCS), in partnership with the Department of Electronics, IT & BT, Government of Karnataka, has launched the 26th edition of its popular TCS Rural IT Quiz. Designed for students from Classes 8 to 12 in smaller towns and districts, the quiz encourages young learners to explore the role of technology in everyday life. Recognized by the Limca Book of Records as India’s first IT quiz for rural students, the program has engaged over 21.5 million participants since 2000. The 2025 edition, part of Bengaluru Tech Summit 2025, will feature online tests, virtual rounds, and physical quiz competitions, covering IT applications in banking, education, entertainment, AI, cloud computing, robotics, gaming, and social media. Eight regional finals will determine participan...

HFCL increase 4.5% after defence manufacturing facilities in Andhra Pradesh are approved

13Sep

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Business, News

HFCL increase 4.5% after defence manufacturing facilities in Andhra Pradesh are approved

Shares of HFCL gained over 4% on Friday, September 12, after the State Investment Promotion Board approved the acquisition of 1,000 acres of land in Andhra Pradesh for setting up defence manufacturing facilities. The Andhra Pradesh Industries and Commerce Department has announced that the State Investment Promotion Board has approved the company's proposal to acquire 1,000 acres of land in Madakasira mandal of Sri Sathya Sai district for setting up defence manufacturing facilities. In the first phase, Andhra Pradesh Industrial Infrastructure Corporation Limited (APIICL) will provide 329 acres of land. Further, in the next phase, another 671 acres of land will be allotted. The proposed facilities will manufacture artillery shells, TNT-filled warheads, multi-mode hand grenades and ...

12Sep

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Business, News

Copper futures increase on spot demand

New Delhi, Copper futures on Friday rose 0.53 percent to Rs 923 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for October delivery rose by Rs 4.90, or 0.53 per cent, to Rs 923 per kg in a business turnover of 2,303 lots. Analysts attributed the rise in copper prices to higher bets by participants.

Gold prices lapse: Futures trade and global cues

11Sep

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Business, News

Gold prices lapse: Futures trade and global cues

New Delhi, Gold prices fell by Rs 226 to Rs 1,08,760 per 10 gram in the domestic futures market on Thursday following weakness in the international market. On the Multi Commodity Exchange (MCX), the most-traded gold futures for October delivery fell by Rs 226, or 0.21 percent, to Rs 1,08,760 per 10 gram in a business turnover of 16,883 lots. "Gold prices have fallen below the Rs 1,09,000 level in the domestic market due to profit booking as investors booked nearly 10 percent gains in just two weeks," said Deveya Gaglani, senior research analyst (commodities) at Axis Securities. Besides, silver futures for December delivery on MCX fell by Rs 478, or 0.38 percent, to Rs 1,24,702 per kg. Globally, gold futures for December delivery on Comex were trading 0.38 percent lower at $3,6...