Thursday, February 5

Business

Indian Navy partners with TVS Motor Company for a 2,500 km expedition across North East India
Business

Indian Navy partners with TVS Motor Company for a 2,500 km expedition across North East India

The Indian Navy has partnered with TVS Motor Company for an ambitious 2,500 km expedition across North East India, aimed at inspiring the youth to consider careers in the armed forces. This 15-day journey will see 40 Navy personnel riding TVS Apache motorcycles through Meghalaya, Arunachal Pradesh, and Assam, highlighting opportunities in the Indian Navy, including the Agnipath scheme. Flagged off in Shillong by Vice Admiral Rajesh Pendharkar, the expedition features a contingent that includes four women, showcasing the Navy’s commitment to the Naari Shakti initiative. The riders will engage with students at various schools and colleges, fostering national pride and motivating young minds to pursue careers in the Navy. As the riders navigate through Shillong, the local perspective h...
Kotak Mahindra Bank Q2 results preview: Net profit expected to gain 10%
Business, News

Kotak Mahindra Bank Q2 results preview: Net profit expected to gain 10%

Kotak Mahindra Bank is scheduled to announce its second quarter results on Saturday (October 19). Analysts expect key financial parameters to grow compared to last year.They expect the bank's net interest income (NII) to reach ₹6,996.9 crore, representing a growth of 11.1% from ₹6,296.6 crore.Profit after tax (PAT) is estimated at ₹3,513 crore, showing a growth of 10.1% from ₹3,191 crore.Investors will be watching key areas closely during this earnings announcement.The focus will be on business momentum, particularly with respect to deposit and loan growth rates. Movements in net interest margin (NIM) will serve as a key indicator of profitability.Additionally, growth in low-cost deposits will be key to maintaining margins.Asset quality metrics, including slippages, will also be examined ...
Toyota launches Limited Edition Urban Cruiser Taisor: A lend of festivity and innovation
Business

Toyota launches Limited Edition Urban Cruiser Taisor: A lend of festivity and innovation

Adding to the festive fervour, Toyota Kirloskar Motor (TKM) has announced the Limited Edition of its highly popular model - Urban Cruiser Taisor. This special edition, designed with a focus on enhancing style, and premium-ness, comes with a well curated Toyota Genuine Accessories (TGA) package to elevate delight and excitement to customers. Available across all Turbo variants, the Limited Edition comes with a comprehensive TGA package of ₹20,160 enhancing both the exterior and interior of the versatile UC Taisor. Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “At Toyota, our efforts have always been centered on being a part of our customers' special occasions and celebrations which reflect our dedication to crafting delightful, c...
Tata Chemicals reports 46% year-on-year decay in Q2 net profit
Business, News

Tata Chemicals reports 46% year-on-year decay in Q2 net profit

On Thursday (October 17), Tata Chemicals Ltd announced a 46.1% year-on-year (YoY) decline in net profit to ₹267 crore for the second quarter ended September 30, 2024.According to regulatory filings, Tata Chemicals reported a net profit of ₹495 crore in the previous fiscal quarter. The company's revenue from operations remained stable at ₹3,999 crore compared to ₹3,998 crore in the previous fiscal year.EBITDA in the second quarter of this fiscal declined by 24.5% to ₹618 crore from ₹819 crore in the same period last year.In the reporting quarter, the EBITDA margin was 15.5%, lower than 20.5% in the same period last fiscal. EBITDA is earnings before interest, tax, depreciation and amortization.Tata Chemicals operates India's third largest soda ash manufacturing plant. Kapilram Vakil (grands...
Infosys Q2 results, dividend today: Profit may flourish 10%; FY25 sales guidance may be revised
Business, News

Infosys Q2 results, dividend today: Profit may flourish 10%; FY25 sales guidance may be revised

Infosys Q2 Earnings: PhillipCapital expects Infosys net profit to rise 10.2 per cent to Rs 6,844.40 crore over the previous fiscal, while sales will grow 4.8 per cent to Rs 40,867 crore over the previous fiscal.Infosys Ltd may report a 10-15 per cent year-on-year growth in net profit in the September quarter on a 5 per cent rise in sales. In-Tech acquisitions will aid growth. Revenue in constant currency terms is expected to outperform Tier 1 peers on a sequential basis. The Salil Parekh-led IT major may also raise its revenue guidance for the fiscal year, even as it may retain its margin guidance. Margins for the quarter may expand, but marginally.All eyes will be on interim dividend, commentary on FY25 demand environment, especially discretionary spending. Deal TCV and pipeline, margin ...
Nagaland government teams up with Tata AIA to roll out Universal Life Insurance scheme
Business

Nagaland government teams up with Tata AIA to roll out Universal Life Insurance scheme

Tata AIA Life Insurance (Tata AIA), one of India's leading life insurers, has been selected by the Government of Nagaland to implement the Chief Minister's Universal Life Insurance Scheme (CMULIS). Under this scheme, the primary earning member of the family will be provided with a life insurance cover of INR 2 lakh.  This scheme aims to give families the financial support they need in the unfortunate event of the demise of the breadwinner. It is specifically aimed at helping the vulnerable sections of society, such as those working in unorganized sectors or are part of low-income groups.  Commenting on this landmark occasion, Shri Neiphiu Rio, Hon’ble Chief Minister, Nagaland, said, “I am extremely happy to partner with Tata AIA Life Insurance and launch this schem...
Vi now brings innovative solutions to the India Mobile Congress 2024
Business

Vi now brings innovative solutions to the India Mobile Congress 2024

On the opening day of the India Mobile Congress (IMC) 2024, leading telecom operator Vi is unveiling how it is using advanced technologies like 5G and IoT to reshape industries and enhance everyday experiences. This year’s IMC theme ‘The Future is Now’ resonates deeply with Vi’s emphasis to deliver immediate, technology-driven solutions that are solving today’s challenges and designed to make an immediate impact. Vi’s show themed 'Future is Live' highlights how it is transforming the way people and businesses live, work, and connect with advanced technologies. Akshaya Moondra, CEO, Vi, said, “At Vi, we’re committed to harnessing the power of advanced connectivity to transform industries and improve lives. Our solutions being showcased at the IMC are designed to make a real-world impact...
SBI General Insurance Supports Rural Healthcare in Meghalaya
Business

SBI General Insurance Supports Rural Healthcare in Meghalaya

SBI General Insurance, one of India’s leading general insurers, has undertaken a significant initiative to enhance access to eye care services in the rural areas of Meghalaya. As part of this initiative, SBI General Insurance has donated a Patient Transport Bus and is supporting 28 community eye check-up camps across the state. This initiative aims to benefit approximately 2,000 patients, helping to bridge the gap in healthcare accessibility for residents in remote regions. In rural Meghalaya, many people, particularly women avoid seeking medical attention due to limited local facilities and the need to travel to distant cities.  To address this, SBI General Insurance has joined hands with Mission for Vision and its partner, Society for Promotion of Eye Care and Sight (SPECS) ...
South Indian Bank shares upturn 5% after Q2 earnings, check details
Business, News

South Indian Bank shares upturn 5% after Q2 earnings, check details

South Indian Bank shares on Wednesday rose 5.42% to Rs 25.25 on BSE as against its last close of Rs 23.95.South Indian Bank shares rallied 5% in the afternoon session today, as the bank announced its second quarter earnings. Net profit rose 18% to Rs 325 crore in the quarter as against Rs 275 crore in the same quarter last fiscal. Total income rose to Rs 2,804 crore in the second quarter as against Rs 2,485 crore in the same period last year. The bank earned interest income of Rs 2,355 crore during the quarter, as against Rs 2,129 crore in the same period a year ago.Net interest income in Q2 increased to Rs 2355 crore as compared to Rs 2129 crore in Q2 FY24.South Indian Bank shares rose 5.42% to Rs 25.25 on BSE on Wednesday as against the previous close of Rs 23.95. The banking stock hit ...
TKM introduces Urban Cruiser Hyryder
Business

TKM introduces Urban Cruiser Hyryder

Reinforcing its legacy of innovation and customer-centric approach, Toyota Kirloskar Motor (TKM) has announced the introduction of the Urban Cruiser Hyryder ‘Festival Limited Edition’, featuring exclusive Toyota Genuine Accessories (TGA) Package. This latest addition to the Urban Cruiser Hyryder line-up comes with 13 specially designed TGA, further enhancing the dynamic and premium driving experience. New Festival Limited Edition of the Urban Cruiser Hyryder comes with Premium Accessories package, adding Style, Smartness and Comfort. Available in both Hybrid and Neo Drive powertrains in top 2 variants G and V, offers, a complimentary package worth ₹50,817 for a limited time across all dealerships. Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Mo...