Thursday, April 23

Business

Copper futures prices jump on increased spot demand
Business, News

Copper futures prices jump on increased spot demand

New Delhi, May 22: Copper futures prices rose 0.24 percent to Rs 862.85 per kg on Thursday due to increased spot demand. The price of copper contracts for June delivery on the Multi Commodity Exchange rose by Rs 2.10 or 0.24 percent to Rs 862.85 per kg in a business turnover of 5,270 lots. Analysts attributed the rise in copper prices to higher bets by participants.
Vi enhances three international roaming (IR) postpaid plans this travel season
Business

Vi enhances three international roaming (IR) postpaid plans this travel season

In response to the accelerating growth of international travel from India, Vi has upgraded its International Roaming (IR) postpaid plans, offering double data, unlimited incoming calls, and baggage protection across 145+ countries. This move aligns strategically with the Ministry of Civil Aviation’s report of an 11.4% increase in international passenger traffic from January to November 2024, signaling strong demand for reliable global connectivity solutions. Vi’s enhanced IR packs, starting at Rs 649, now provide significant value by doubling data allowances—from 1GB on the one-day pack to 30GB on the 30-day plan—while maintaining unlimited free incoming calls and SMS benefits. Customers can activate these plans up to 60 days in advance via the Vi app or website, supported by 24x7 roam...
Jayant Chaudhary launches North East Apprenticeship Pilot to boost youth skilling and employment
Business

Jayant Chaudhary launches North East Apprenticeship Pilot to boost youth skilling and employment

In a significant step toward empowering youth and fostering inclusive regional development, Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship Jayant Chaudhary and Mizoram Chief Minister Lalduhoma jointly launched the North East Apprenticeship Pilot Scheme in Aizawl on Tuesday. The scheme, aligned with the Prime Minister’s vision of Viksit Bharat, aims to provide structured and paid apprenticeship opportunities to over 26,000 youth from the North East. Beneficiaries will receive an additional ₹1,500 per month for a year, apart from the regular stipend under the National Apprenticeship Promotion Scheme (NAPS). A total of ₹43.94 crore has been allocated, including ₹4 crore for outreach and implementation. Minister Chaudhary called it a “defining mo...
Vi Launches Campaign Celebrating 100,000 New Towers
Business

Vi Launches Campaign Celebrating 100,000 New Towers

Vodafone Idea Limited (Vi) today announced a significant milestone in its network expansion journey, adding more than 100,000 new towers across India within the first six months of FY24-25. This strategic enhancement underscores Vi’s commitment to delivering superior connectivity and expanding its 4G and 5G footprint nationwide. In line with this achievement, Vi launched an innovative campaign featuring “Netties,” animated mobile tower avatars portrayed as a cricket team, symbolizing the brand’s network strength and agility during the IPL season. Developed by Ogilvy India, the campaign includes two TV commercials running across multiple platforms including TV, OTT, radio, and social media. Vi has successfully rolled out 5G services in Mumbai, Chandigarh, and Patna, with plans underway ...
NLC India’s fourth quarter profit increase to Rs 468.46 crore
Business, News

NLC India’s fourth quarter profit increase to Rs 468.46 crore

New Delhi, May 20, NLC India Limited on Monday reported that its consolidated profit for the quarter ended March 2025 rose four-fold to Rs 468.46 crore.The company had reported a consolidated profit of Rs 113.95 crore in the same quarter a year ago.NLC India Limited said in a notice to BSE that the consolidated income of the company in the January-March quarter declined to Rs 3,971.90 crore from Rs 4,034.53 crore in the same quarter a year ago.The company said in a statement that in addition to the interim dividend of 15 percent (Rs 1.5 per share) on the paid-up equity share capital already declared and paid, a final dividend of 15 percent for 2024-25 has been recommended, subject to the approval of the shareholders at the Annual General Meeting.NLC is a public sector company engaged in l...
Aluminium Futures jump on Fresh Bets
Business, News

Aluminium Futures jump on Fresh Bets

New Delhi, May 19 Aluminium prices on Monday rose marginally by Rs 1.25 to Rs 239.10 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased Rs 1.25 or 0.52 percent to Rs 239.10 per kg in 2,154 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
Medanta Reports 12.6% Revenue Growth in FY2025, Announces Expansion Plans
Business

Medanta Reports 12.6% Revenue Growth in FY2025, Announces Expansion Plans

Global Health Limited (Medanta) has announced its financial results for FY2025, reporting a 12.6% year-on-year growth in consolidated total income to INR 37,714 million. The healthcare provider's growth was primarily driven by increased patient volumes across its facilities in North and East India. EBITDA grew by 9.4% to INR 9,562 million, with margins at 25.4%. Profit After Tax reached INR 4,813 million (12.8% margin), though this was impacted by a one-time expense of INR 499 million related to the merger of its Lucknow entity with Global Health Limited. Adjusted for this expense, PAT stood at INR 5,186 million, reflecting an 8.5% growth. The company added 219 new beds across its facilities, representing a 7.8% increase in capacity. Patient numbers showed strong growth with in-pati...
Petrol sales upsurge 10% in May: Summer travel drives demand
Business, News

Petrol sales upsurge 10% in May: Summer travel drives demand

New Delhi, May 16: Petrol consumption rose nearly 10 percent in the first fortnight of May, as summer travel boosted fuel demand, according to provisional sales data from state-owned fuel retailers.Petrol consumption rose to 1.5 million tonnes during May 1-15, as against 1.37 million tonnes sold a year ago. Its demand was 10.5 percent higher than the 1.36 million tonnes consumed during May 1-15, 2023, and nearly 46 percent higher than the Covid-hit first fortnight of May 2021. Diesel sales rose 2 percent to 3.36 million tonnes, data from three state-owned fuel retailers that control nearly 90 percent of the fuel market showed. Consumption of the most widely used fuel in India has risen again from the previous month.Demand for diesel, the lifeline of transport and the rural agricultural...
Oriflame’s All or Nothing Amplified Parfum is designed to make a bold and unforgettable statement
Business

Oriflame’s All or Nothing Amplified Parfum is designed to make a bold and unforgettable statement

Oriflame’s All or Nothing Amplified Parfum is a powerfully feminine amber floral fragrance designed to make a bold and unforgettable statement. This luxurious perfume opens with a vibrant burst of juicy mandarin oil, pink peppercorn, and Scentaurus® juicy notes, creating an energizing and fresh top accord. Its core ingredient is the sensual Tuberose Absolute from India, which is skillfully combined with bold Red Ginger Oil to create a surprising burst of spice that enhances the floral depth. The fragrance settles into a warm, rich dry down featuring premium patchouli oil, a precious amber accord, and creamy white vanilla accord, delivering a seductive and long-lasting finish. Its room-filling sillage and proven 10-hour longevity make it the longest-lasting fragrance in Oriflame’s c...
Silver futures upsurge on demand
Business, News

Silver futures upsurge on demand

New Delhi, May 16: Silver prices rose marginally by Rs 15 to Rs 96,520 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 marginally by Rs 15, or 0.02 percent, to Rs 96,520 per kg in a business turnover of 20,481 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.61 percent lower at $32.44 per ounce in New York.