Wednesday, December 3

Business

Toyota’s InnovaHyCross exclusive edition launch: A strategic move for the premium MPV market
Business

Toyota’s InnovaHyCross exclusive edition launch: A strategic move for the premium MPV market

Toyota Kirloskar Motor (TKM) has strategically launched the Exclusive Edition of its InnovaHyCross in the ZX(O) grade, priced at Rs. 32,58,000/- ex-showroom. Available from May to July 2025, this limited-edition model features a dual-tone exterior in Super White and Pearl White, along with black accents on key exterior components. Interior upgrades include a dual-tone instrument panel, new seat materials, and added features like an air purifier and wireless charger, enhancing the overall driving experience. This launch comes at a time when the Indian automotive market is seeing a significant shift towards eco-friendly and feature-rich premium vehicles. The InnovaHyCross, with its hybrid electric system, offers an attractive blend of performance, fuel efficiency, and reduced environment...
Gold futures prices upsurge: Prices rise by Rs 623 to Rs 93,260 per 10 grams
Business, News

Gold futures prices upsurge: Prices rise by Rs 623 to Rs 93,260 per 10 grams

New Delhi: Gold prices on Monday rose by Rs 623 to Rs 93,260 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.Gold contracts for June delivery on the Multi Commodity Exchange rose by Rs 623, or 0.67 percent, to Rs 93,260 per 10 grams in a business turnover of 14,933 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures in New York rose 0.95 percent to $3,274.20 an ounce.
Silver futures increase: Prices rise by Rs 481 per kg
Business, News

Silver futures increase: Prices rise by Rs 481 per kg

New Delhi, May 5: Silver prices rose by Rs 481 to Rs 94,545 per kg in futures trade on Monday as participants increased their bets.At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 481, or 0.51 per cent, to Rs 94,545 per kg in a business turnover of 18,380 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.87 percent higher at $32.54 per ounce in New York.
Toyota Kirloskar Motor Prioritizes Road Safety Across India
Business

Toyota Kirloskar Motor Prioritizes Road Safety Across India

Toyota Kirloskar Motor (TKM) is intensifying its focus on road safety across India, with its programs benefiting over 10 lakh individuals. The company’s flagship initiative, the Toyota Safety Education Program (TSEP), has impacted 9.3 lakh students through engaging road safety awareness campaigns in major cities like Bangalore, Delhi, and Mumbai. This initiative not only promotes safer roads but also drives long-term societal benefits by embedding safety-conscious behaviors in future generations. TKM’s innovation-driven approach also includes the Toyota Hackathon, where students from classes 7 to 12 develop real-world solutions for traffic issues, fostering a culture of innovation in road safety. Additionally, the company has set up Traffic Parks and deployed surveillance technologies ...
Silver futures prices upsurge: Rs 290 rises to Rs 95,019 per kg
Business, News

Silver futures prices upsurge: Rs 290 rises to Rs 95,019 per kg

New Delhi: Silver prices rose by Rs 290 to Rs 95,019 per kg in futures trade on Friday as participants increased their bets.At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 290, or 0.31 percent, to Rs 95,019 per kg in a business turnover of 16,802 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.40 percent higher at $32.54 an ounce in New York.
Aluminium futures prices upsurge on fresh deals
Business, News

Aluminium futures prices upsurge on fresh deals

New Delhi, May 2: Aluminium prices rose by 60 paise to Rs 231.50 per kg in the futures market on Friday due to fresh deals by speculators amid a positive trend in the spot market.The price of aluminium contract for May delivery rose by 60 paise or 0.26 percent to Rs 231.50 per kg on the Multi Commodity Exchange in a business turnover of 5,286 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.
Luxury home sales in Bengaluru upsurge 59 percent to Rs 1,000 crore in FY25
Business, News

Luxury home sales in Bengaluru upsurge 59 percent to Rs 1,000 crore in FY25

New Delhi, Apr 30: Bengaluru's housing market witnessed a 59 per cent rise in sales of luxury homes priced Rs 10 crore and above in the last fiscal, hitting a record Rs 1,000 crore on the back of high demand, according to a report by India Sotheby's International Realty and CRE Matrix.A recent report by real estate consultant India Sotheby's International Realty (ISIR) and real estate data analytics firm CRE Matrix mentioned that Bengaluru's luxury housing market (Rs 10 crore and above) achieved sales bookings of Rs 1,000 crore in 2024-25, up from Rs 627 crore in the previous year.In terms of volume, luxury home sales grew from 51 units to 78 units.The report said that in Bengaluru's luxury segment, ticket-size apartments of Rs 10-12 crore are witnessing the highest sales."Bengaluru's lux...
Bharat Petroleum Q4 results: Net profit downgrade 24%, EBITDA falls 16%; company declares dividend of ₹5/share
Business, News

Bharat Petroleum Q4 results: Net profit downgrade 24%, EBITDA falls 16%; company declares dividend of ₹5/share

State-owned oil marketing company (OMC) Bharat Petroleum Corporation Ltd (BPCL) on Tuesday, April 29, reported a net profit of ₹3,214 crore in the January-March quarter, down 24% from ₹4,224 crore in the same period last year.BPCL's revenue from operations declined 4% year-on-year (YoY) to ₹1,26,864.93 crore from ₹1,32,056.56 crore in the same period a year ago.BPCL reported weak operating performance as its operating profit also known as earnings before interest, tax, depreciation and amortisation (EBITDA) declined 15.5% to ₹7,764.89 crore in the March quarter as against ₹9,184.75 crore in the same period last year.Its operating profit margin also known as EBITDA margin declined 80 basis points to 6.12% as against 6.96% in the year-ago period.The company's board recommended a final divid...
President Murmu Attends Pope Francis’ State Funeral
Business

President Murmu Attends Pope Francis’ State Funeral

President Droupadi Murmu led the Indian delegation to the Vatican for the State Funeral of Pope Francis, who passed away on April 21. Arriving in Rome on April 25, President Murmu paid her respects at Saint Peter's Basilica, accompanied by Union Ministers Kiren Rijiju and George Kurian, and Goa Legislative Assembly Deputy Speaker Joshua De Souza. The Indian government declared three days of mourning in honor of the late pontiff, whose affection for India was noted by Prime Minister Narendra Modi. Minister of State for External Affairs, Kirti Vardhan Singh, also signed the condolence book at the Holy See's embassy in New Delhi.
IDBI Bank Q4 earnings: Net profit upsurge 26%, dividend declared
Business, News

IDBI Bank Q4 earnings: Net profit upsurge 26%, dividend declared

Profit in the fourth quarter stood at Rs 2,051.2 crore as against Rs 1,628 crore (on a year-on-year basis).Shares of lender IDBI Bank rose over 4% after the lender said it posted a 26% rise in net profit for the March 2025 quarter.Profit in the fourth quarter stood at Rs 2,051.2 crore as against Rs 1,628 crore (on a year-on-year basis).However, NII declined 10.8% to Rs 3,290.3 crore as against Rs 3,688 crore a year ago. Gross NPA stood at 2.98% as against 3.57% (quarter-on-quarter). Net NPA stood at 0.15% as against 0.18% on a quarter-on-quarter basis in the previous quarter.Gross NPAs stood at Rs 6,695.2 crore in the fourth quarter as against Rs 7,634.8 crore (quarterly). Net NPAs stood at Rs 337.3 crore as against Rs 365.5 crore (quarterly) in the March 2025 quarter. IDBI Bank shares ro...