Wednesday, February 4

Business

MTV Roadies Double Cross kicks off on its Epic 20th Season Adventure!
Business

MTV Roadies Double Cross kicks off on its Epic 20th Season Adventure!

Celebrating 20 iconic years, the adventure reality juggernaut MTV Roadies is all set to bring to fans its boldest and most unpredictable season yet— MTV Roadies Double Cross! The landmark season of the legacy show raises stakes higher, in a world where betrayal lurks around the corner, trust is rare, and every move is a double-edged sword. This season, fans will be treated to an adrenaline-fueled journey. Hero Karizma MTV Roadies Double Cross co powered by Avvatar Sports Nutrition and POCO, premieres on 11th January, every Saturday and Sunday at 7 PM on JioCinema. Rannvijay Singha shared his excitement saying, “MTV Roadies has always felt like home to me and being part of this milestone season is truly special. With the Double Cross theme, fans are in for the most intense and unpred...
Tech Mahindra shares upgrade 4%, biggest one-day jump in 21 weeks
Business, News

Tech Mahindra shares upgrade 4%, biggest one-day jump in 21 weeks

Tech Mahindra Ltd shares rose 3.51 per cent on January 10, contributing to the positive momentum of the Nifty IT index, which was the only sector to gain in the overall Indian stock market today. It also marks the highest one-day gain for the stocks in a 21-week period. Tech Mahindra Ltd is expected to announce its Q3 FY25 financial results after market close on January 17, 2025. The shares are currently trading at Rs 1,704.45, up 3.75 per cent at 12:11 pm on January 10. In an exchange filing, Tech Mahindra informed that its board of directors will meet on Friday, January 17, 2025. The primary agenda of this meeting is to consider and approve the company's financial results for the quarter ended December 31, 2024. The earnings are expected to be announced after the market closes,...
Food delivery, Blinkit’s GMV growth may drive Zomato shares inflation 22%: Kotak Equities
Business, News

Food delivery, Blinkit’s GMV growth may drive Zomato shares inflation 22%: Kotak Equities

Driven by Zomato's food delivery business and Blinkit's GMV growth, homegrown brokerage firm Kotak Institutional Equities has retained its 'buy' rating on the stock with a target price of Rs 305, as it expects the company to perform well in the third quarter.This implies an upside potential of 22.3% for the stock from current levels."We expect food delivery to report sequential contribution margin improvement driven by higher platform fees. Rapid store additions at Blinkit (moving towards 1,000-store target) and higher customer acquisition costs (CAC) may weigh on EBITDA margins," Kotak Equities said in its report.The brokerage firm expects 19% YoY growth in food delivery GMV and 114% YoY growth in Blinkit GMV.Additionally, contribution margin is estimated to reach 7.8% of GMV, indicating...
CEAT opens new retail outlet in Agartala, Tripura
Business

CEAT opens new retail outlet in Agartala, Tripura

CEAT, a leading Indian tyre manufacturer, has further cemented its commitment to the North Eastern region with the inauguration of a new premium retail facility in Agartala, Tripura. The expansion highlights CEAT's focus on customer-centric growth and its dedication to enhancing accessibility and service across the North East. With the steady growth of four-wheeler sales in the region, CEAT sees immense potential for expanding its premium retail presence to meet the evolving demands of customers. Speaking on the occasion, Mr. Arnab Banerjee, MD & CEO, CEAT, said, “At CEAT, we are driven by our "Customer First" philosophy, which prioritizes the needs and convenience of our customers.” CEAT has established a strong retail footprint across the Northeast, with a total of 18 premium ...
Gold prices upgrade today: Here’s what investors should know
Business, News

Gold prices upgrade today: Here’s what investors should know

Gold prices rose ₹61 to ₹77,592 per 10 grams in futures trade on Wednesday (January 8), supported by fresh positions by speculators and persistent demand in the spot market.Gold prices also rose marginally globally.In New York, gold futures rose 0.10% to $2,651.27 an ounce.Buying by central banks is supporting gold prices. Global central banks added 53 tonnes to their reserves in November 2024.The Reserve Bank of India (RBI) added 8 tonnes to its gold reserves last month, taking its total purchases for this year to 73 tonnes.This strengthened India's position as the second-largest buyer of gold in 2024 after Poland.China also expanded its reserves by 5 tonnes in November, indicating rising demand amid global economic uncertainty."Central bank purchases continue to be a key driver for gold...
Lionsgate Play Teams Up with Vi to Bring Top-Notch Hollywood Content to India
Business

Lionsgate Play Teams Up with Vi to Bring Top-Notch Hollywood Content to India

Vi, India’s leading telecom operator, has announced a strategic partnership with premium streaming service Lionsgate Play, unlocking an exclusive library of top-tier content. Featuring action blockbusters, iconic franchises, acclaimed films and series, global awards, exclusive premieres, and a range of dubbed content, Lionsgate Play promises an unmatched entertainment experience. This collaboration further expands Vi’s OTT portfolio, providing a premium, diverse library of Hollywood movies, original series, international titles and more at an affordable price. Vi Movies & TV is designed to cater to the diverse entertainment needs of consumers, via aggregation of the top OTTs through a single app and single subscription offering consumers the convenience to enjoy content from a wide...
Suzlon Energy shares decay over 4% today, know why
Business, News

Suzlon Energy shares decay over 4% today, know why

Suzlon Energy share price today: Shares of renewable energy provider Suzlon Energy Ltd fell over 4% on Monday after it received an income tax demand of Rs 1.01 crore for FY17 from the Ahmedabad Income Tax Department. The multibagger stock fell 4.43% to Rs 59.21 on the BSE against its previous close of Rs 61.96. The company's market cap stood at Rs 80,915 crore. The company said in an exchange filing that the demand relates to penalty imposed for not allowing late payments relating to employee contributions to PF/ESI during FY17. The company plans to appeal against the penalty and is confident of a favourable outcome. Suzlon Energy stock has gained 46% in one year and 481% in two years. The multibagger stock clocked a turnover of Rs 34.89 crore on BSE in today's session with a tur...
Vi’s SuperHero Packs: A strategic move to capture growing digital markets
Business

Vi’s SuperHero Packs: A strategic move to capture growing digital markets

Vodafone Idea (Vi) has announced the launch of its innovative SuperHero Annual Recharge Packs, designed to cater to the increasing demand for high-speed data and entertainment services. The new packs, available at ₹3,599, ₹3,699, and ₹3,799, provide unlimited data access from 12 AM to 12 PM, along with 2GB daily data for the remaining hours of the day. Additional benefits include weekend data rollover and emergency data top-ups through the Data Delight feature. In line with the growing consumer appetite for digital content, the premium packs also offer one-year subscriptions to Disney+ Hotstar Mobile and Amazon Prime Lite, adding significant value for entertainment lovers. The plans, priced as low as ₹10 per day, offer savings of up to 25%, equating to over ₹1,100 annually when compare...
Yes Bank, South Indian Bank, Bank of Maharashtra shares rise up to 5% on strong business performance in Q3
Business, News

Yes Bank, South Indian Bank, Bank of Maharashtra shares rise up to 5% on strong business performance in Q3

Yes Bank, South Indian Bank, Bank of Maharashtra shares rose up to 5% on January 3 as these banks reported strong business performance in the third quarter. Yes Bank reported a nearly 15% growth in deposits to Rs 2.77 lakh crore in the December quarter. The Mumbai-based bank's loans and advances grew 13% to Rs 2.45 lakh crore. Yes Bank shares were trading 2.3% higher at Rs 20.04 per share at 12:30 pm on January 3. Meanwhile, Bank of Maharashtra said its gross advances grew 21% year-on-year to Rs 2.29 lakh crore in the October-December quarter. In the December quarter, the bank said its total business grew 17% year-on-year to Rs 5.07 lakh crore and its total deposits grew 13.5% year-on-year to Rs 2.79 crore. At 12:35 pm on January 3, Bank of Maharashtra shares were trading 5...
Hero MotoCorp plunge over 3% on weak December sales data, top Nifty loser
Business, News

Hero MotoCorp plunge over 3% on weak December sales data, top Nifty loser

Hero MotoCorp shares fell over 3 per cent to Rs 4,159 on January 3 after the automaker reported weak sales data for December. In the last 3 months, the two-wheeler maker's stock has declined over 25 per cent, compared to a 4 per cent decline in the benchmark Nifty 50 index. In December 2024, the company's sales declined 18 per cent year-on-year to 3.24 lakh units as against 3.93 units in the same month a year ago. Domestic sales also declined 22 per cent year-on-year to 2.94 units from 3.77 units, while exports grew 91 per cent year-on-year to 30,754 units. Meanwhile, motorcycle sales declined 15.8 per cent year-on-year to 2.9 lakh units, while scooter sales declined 32.8 per cent year-on-year to 26,390 units. Going forward, Hero MotoCorp plans to launch premium motorcycles an...