Wednesday, February 4

Business

Vodafone Idea shares decrease 3% ahead of Q4 results, fund-raising announcement likely
Business, News

Vodafone Idea shares decrease 3% ahead of Q4 results, fund-raising announcement likely

Shares of telecom giant Vodafone Idea (Vi) fell over 3 percent on May 30 and traded at Rs 6.92 per share. This sharp fall in share price comes ahead of the telecom giant's earnings announcement scheduled today. Notably, Vodafone Idea's board is set to approve a fund-raising plan, the company had informed the exchanges. The fund-raising plan to be announced by the company will be actively monitored given the company's mounting dues. Earlier this year, the telecom giant had cautioned the government that it cannot operate beyond the current fiscal year 2026 without its support and may have to take the bankruptcy route.  VIL CEO Akshay Mundra said in a letter to the DoT secretary, "Without timely support from the Government of India on AGR, VIL will not be able to operate beyond...
Elevating Digital Transformation: Vi Business Partners with HPE
Business

Elevating Digital Transformation: Vi Business Partners with HPE

Vi Business, the enterprise division of Vodafone Idea, has announced a strategic partnership with Hewlett Packard Enterprise (HPE) to provide next-generation managed services in India. The collaboration will utilize HPE Aruba Networking products to deliver advanced managed wireless LAN, switching, and security solutions tailored for diverse enterprise environments such as campuses, manufacturing units, corporate headquarters, and regional offices. Under the agreement, Vi Business will manage and support all services via its Network Operations Center (NOC), offering enterprises seamless service backed by AI-driven analytics for intelligent orchestration and enhanced user experience. The partnership also aims to co-develop private data center solutions to address the rising demand for sc...
Crude oil futures jump due to spot demand
Business, News

Crude oil futures jump due to spot demand

New Delhi, Crude oil prices rose by Rs 57 to Rs 5,248 per barrel in futures trade on Wednesday as participants increased the size of their deals due to strong spot demand. Crude oil contracts for June delivery on the Multi Commodity Exchange traded higher by Rs 57, or 1.1 percent, at Rs 5,248 per barrel, with a turnover of 11,966 lots. Analysts said crude oil prices rose in futures trade as participants increased their bets. Globally, West Texas Intermediate crude prices rose 0.21 percent to $61.10 per barrel, while Brent crude prices rose 0.31 percent to $64.29 per barrel.
Epic Taste, Epic Savings: KFC’s Latest Value Offer
Business

Epic Taste, Epic Savings: KFC’s Latest Value Offer

Fast-food giant KFC has unveiled its latest value-driven campaign, “Epic Savers,” offering an irresistible deal—9 pieces of chicken for just ₹299. The limited-time dine-in offer includes 7 boneless chicken strips and 2 pieces of KFC’s signature Hot & Crispy Chicken, available at over 1,300 KFC outlets across India. The campaign film, featuring Bollywood star Mrunal Thakur and comedian Danish Sait, captures the duo’s ecstatic reaction to the “9 for 299” deal, reinforcing the brand's commitment to delivering both flavour and affordability. The offer has been warmly received by customers, with local KFC outlets reporting increased footfall. The city’s young consumers, especially students and working professionals, are flocking to KFC for the combination of high-quality chicken and ...
Suraj Estate Developers Q4 profit reduce 5%
Business, News

Suraj Estate Developers Q4 profit reduce 5%

New Delhi, May 28: Realty firm Suraj Estate Developers has reported a 5 percent drop in consolidated net profit for the March quarter 2025 to Rs 18.28 crore. Its net profit stood at Rs 19.29 crore in the same quarter a year ago. Total income in the quarter rose to Rs 137.16 crore from Rs 103.03 crore a year ago, according to a regulatory filing on Tuesday. During 2024-25, the company's net profit rose to Rs 100.15 crore from Rs 67.49 crore in the previous year. Total income rose to Rs 553.17 crore from Rs 415.70 crore. Since incorporation, Suraj Estate Developers has completed 42 projects with a developed area of ​​over 10.47 lakh sq ft in the south-central Mumbai region. In addition to the completed projects, the company has 13 ongoing projects with a developable area of ​...
Centrum expands portfolio with ‘Centrum Recharge’ energy drink mix featuring Anushka Sharma
Business

Centrum expands portfolio with ‘Centrum Recharge’ energy drink mix featuring Anushka Sharma

Centrum India has launched Centrum Recharge, a new effervescent energy drink mix enriched with 13 essential vitamins and minerals designed to boost energy, immunity, and hydration. The product, priced at ₹10 per sachet, comes in convenient single-use packets and contains twice the vitamins and minerals compared to leading competitors, with no added sugars. To support the launch, Centrum has rolled out a multimedia campaign starring Bollywood actress and brand ambassador Anushka Sharma, highlighting the importance of replenishing vitamins and minerals lost during daily activities. “AtishNegi, Category Lead – Vitamin & Mineral Supplements at Haleon ISC, emphasized that while many products focus on electrolyte replacement, Centrum Recharge addresses the crucial need for restoring key ...
NMDC’s Q4 profit jump 5% to Rs 1,483 crore – rise in iron ore sales
Business, News

NMDC’s Q4 profit jump 5% to Rs 1,483 crore – rise in iron ore sales

New Delhi, May 27 State-owned NMDC on Tuesday reported that its consolidated net profit rose 5 per cent to Rs 1,483.18 crore in the March quarter, led by rise in revenue from sale of iron ore and pellets. In an exchange filing, the company had reported a net profit of Rs 1,415.62 crore in the fourth quarter of 2023-24. NMDC's total income rose nearly 9 per cent to Rs 7,497.17 crore in the last quarter of FY25 from Rs 6,908.37 crore in the fourth quarter of FY24. Iron ore sales stood at Rs 6,350.49 crore, while sale of pellets and other minerals contributed Rs 662.07 crore. For the full FY25, net profit grew 17 per cent to Rs 6,538.82 crore from Rs 5,571.25 crore in FY24. Total income grew to Rs 25,498.84 crore from Rs 22,678.73 crore in the same fiscal. The board of directo...
Vi Enhances Family Plan Flexibility with ₹299 Per Member Add-On
Business

Vi Enhances Family Plan Flexibility with ₹299 Per Member Add-On

In a move to enhance flexibility and affordability, Vi (Vodafone Idea) has introduced a new ₹299 add-on feature to its Family Postpaid plans, allowing up to eight additional members to be added under one plan. Each secondary user will receive 40GB of high-speed data, with benefits like unlimited calls and 200GB data rollover, significantly expanding value without requiring a plan upgrade. This latest offering supports Vi’s commitment to delivering customized digital solutions tailored to modern Indian households. For example, a Vi Max Family ₹701 plan, which includes one primary and one secondary connection, can now accommodate up to seven more users at ₹299 per member. The add-on complements Vi’s existing plans starting at ₹701 and going up to ₹1401, which also include OTT and lifesty...
Zinc futures gain on strong demand
Business, News

Zinc futures gain on strong demand

New Delhi, May 26 Zinc prices rose by 40 paise to Rs 257.15 per kg in futures trade on Monday amid strong spot demand. Zinc contracts for June delivery rose 40 paise, or 0.16 percent, to Rs 257.15 per kg on the Multi Commodity Exchange in a business of 2,244 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.
Toyota Kirloskar Motor opens new dealership in Jorhat, bringsquality service closer to consumers
Business

Toyota Kirloskar Motor opens new dealership in Jorhat, bringsquality service closer to consumers

Toyota Kirloskar Motor (TKM) has launched its new dealership, Preet Toyota, in Jorhat, Assam, aiming to provide customers in Northeast India with easier access to Toyota’s trusted vehicles and services. Spread across 26,000 sq. ft., the facility offers a full range of Sales, Service, and Spares (3S) support, including the T Gloss studio for premium car care and Toyota U-Trust for buying, selling, and exchanging used cars. The inauguration was attended by senior Toyota officials including Mr. Masaru Shimada and Mr. Arun G Nair. For consumers in Jorhat, this new dealership means convenient access to popular models like the Innova Hycross, Fortuner, and luxury cars like the Camry Hybrid. The dealership is well-equipped to deliver a seamless and trustworthy ownership experience, reflecting...