Wednesday, March 11

Business

TKM has launched the much-anticipated Fortuner and Legender Neo Drive 48V variants
Business

TKM has launched the much-anticipated Fortuner and Legender Neo Drive 48V variants

Toyota Kirloskar Motor (TKM) has launched the much-anticipated Fortuner and Legender Neo Drive 48V variants, featuring advanced hybrid technology aimed at enhancing fuel efficiency and driving dynamics in the premium SUV segment. Powered by a 2.8-litre turbo-diesel engine coupled with a 48-Volt belt-integrated starter generator and lithium-ion battery, these models offer segment-first features like Smart Idle Start-Stop, Multi-Terrain Select, 360-degree panoramic camera, and wireless smartphone charging. The Fortuner Neo Drive starts at Rs 44.72 lakh, while the Legender Neo Drive is priced at Rs 50.09 lakh (ex-showroom). There is growing enthusiasm for premium SUVs as urban affluence rises and consumer preferences shift towards fuel-efficient yet powerful vehicles capable of handling h...
Gold futures fell: Prices plunge to ₹98,341/10 gram
Business, News

Gold futures fell: Prices plunge to ₹98,341/10 gram

New Delhi, June 6 Gold prices fell by Rs 238 to Rs 98,341 per 10 gram in futures trade on Thursday amid weak spot demand. Gold contracts for August delivery on the Multi Commodity Exchange fell by Rs 238, or 0.24 percent, to Rs 98,341 per 10 gram in a business turnover of 17,188 lots. Analysts attributed the fall in gold prices to weak global cues. In international markets, gold futures in New York fell 0.14 percent to $3,368.15 an ounce.
Power Grid shares rose over 2% after new acquisition; see details
Business, News

Power Grid shares rose over 2% after new acquisition; see details

Power Grid shares witnessed good investor interest today. The stock rose 2.3% to hit an intraday high of ₹295.25 per share. As of 3:00 pm, Power Grid shares were trading 2.0% higher at ₹294.5 per share. This surge in share price comes after the company announced the acquisition of MEL Power Transmission (MPTL), a project-specific special purpose vehicle (SPV) set up by PFC Consulting Ltd, under the tariff-based competitive bidding (TBCB) route. MPTL will be acquired at an aggregate consideration of approximately ₹8.53 crore, comprising 10,000 equity shares at par at Rs 10/- per share and the assets and liabilities of MPTL as on the date of acquisition. MPTL will be engaged in the business of transmission of electricity.  The company has not yet started commercial operations,...
Elevate Your Senses: Oriflame’s Giordani Gold Essenza Man Elixir Parfum
Business

Elevate Your Senses: Oriflame’s Giordani Gold Essenza Man Elixir Parfum

Oriflame has introduced its latest premium fragrance, Giordani Gold Essenza Man Elixir Parfum, tailored for the discerning modern man. Priced at an MRP of INR 5599, this 50ml parfum combines opulence and complexity through carefully selected noble ingredients. The scent opens with fresh notes of Blackcurrant, Lemon, and Black Pepper, transitioning into a rich heart of Elemi, Olibanum, and Moss. Its base features warm Vetiver, Patchouli, and Ambery Woods, ensuring a lasting presence of up to eight hours. Encased in an elegant bottle adorned with 24-carat gold details and deep mahogany tones, the parfum highlights the hero notes of Olibanum and Ambery Woods, symbolizing timeless luxury and refined masculinity. The fragrance belongs to the Woody Vetiver family, offering an expressive dept...
Aluminium futures prices upsurge on speculators’ bets
Business, News

Aluminium futures prices upsurge on speculators’ bets

New Delhi, June 4 Aluminium prices rose by Rs 2.05 to Rs 242.55 per kg in the futures market on Wednesday as speculators created fresh deals amid a positive trend in the spot market. The price of aluminium contract for July delivery rose by Rs 2.05, or 0.85 per cent, to Rs 242.55 per kg on the Multi Commodity Exchange in a business turnover of 415 lots. Analysts said fresh bets by traders amid demand from consumer industries supported aluminium prices in the futures market.
Zinc futures prices gain on high demand
Business, News

Zinc futures prices gain on high demand

New Delhi, June 3: Zinc prices on Monday rose by Rs 1.40 to Rs 252.40 per kg in futures trade amid strong spot demand. The price of zinc contract for June delivery on the Multi Commodity Exchange rose by Rs 1.40, or 0.56 per cent, to Rs 252.40 per kg in a business turnover of 3,545 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a pick-up in demand from consumer industries, market sources said.
Sun TV Q4 results: Consolidated net profit drops over 10% y-o-y, margins shrink
Business, News

Sun TV Q4 results: Consolidated net profit drops over 10% y-o-y, margins shrink

Sun TV Q4: Sun TV Network reported a 10.4% y-o-y decline in its consolidated net profit to ₹371.6 crore in the March FY25 quarter. The company had posted a profit of ₹414.7 crore in the same period last year. In the quarter under review, the media company's revenue from operations stood at ₹940.6 crore, down 2.2% from ₹961.3 crore in Q4 FY24. Sun TV's operating efficiency declined as its EBITDA (earnings before interest, tax, depreciation and amortisation) fell 18% from ₹429 crore in Q4 FY25. In Q4FY24, its EBITDA was ₹523 crore. Moreover, its EBITDA margin declined to 45.61% from 54.5%. However, the Chennai-based company's total income grew 7.44% to ₹1,135.86 crore in the quarter ended March 31, 2025, as against ₹1,057.24 crore in the same period last year. Sun TV share perfo...
Toyota Fortuner and Legender cross 3-lakh sales milestone, drive growth in premium SUV market
Business

Toyota Fortuner and Legender cross 3-lakh sales milestone, drive growth in premium SUV market

Toyota Kirloskar Motor (TKM) has marked a major achievement with cumulative sales of its flagship SUVs, the Fortuner and Legender, surpassing 3 lakh units in India. This milestone reinforces Toyota’s stronghold in the premium SUV segment and reflects customer trust in its Quality, Durability, and Reliability (QDR) philosophy. Launched in 2009, the Fortuner is powered by a 2.8L diesel engine delivering 204 PS and 500 Nm torque, renowned for its rugged 4x4 capabilities and bold design. The Legender, introduced in 2021, adds luxury to the equation with dual-tone styling, sequential LED turn indicators, wireless charging, and an 11-speaker JBL audio system—tailored for urban sophistication and off-road power. Where challenging terrains meet modern aspirations, both models have seen growing...
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...