Tuesday, November 10

Business

CES Foundation aims to empower Meghalaya’s Eri Silk Value Chain
Business

CES Foundation aims to empower Meghalaya’s Eri Silk Value Chain

The Customized Energy Solutions Foundation (CESF) is set to host a state-level Silk Link workshop in Shillong on February 26, 2025, at Vivanta Meghalaya, aiming to strengthen the Eri silk value chain across the state. With Ri-Bhoi district at the center of Meghalaya’s Eri silk industry, the initiative seeks to expand production beyond the current four districts to tap into the state’s full potential. CESF Director Ms. Netra Walawalkar highlighted the economic significance of the Eri silk sector, stating, “Expanding production across all districts has the potential to engage a much larger workforce and substantially increase the sector’s economic contribution.” The workshop will bring together key stakeholders, including government agencies, financial institutions, civil society organiz...
Gland Pharma shares upgrade most in 16 weeks, ahead of investor meet this week
Business, News

Gland Pharma shares upgrade most in 16 weeks, ahead of investor meet this week

Gland Pharma shares rose nearly 5 percent on February 25, its best day in 16 weeks, ahead of its investor meet during the analyst day with Emkay and BOB Capital on February 27-28. Business daily Livemint had reported in February quoting sources that Blackstone, Brookfield and Warburg Pincus were in talks to acquire a majority stake in generic injectables maker Gland Pharma. The deal between the three global private equity majors and Shanghai-based Fosun Pharma - which owns a majority stake - is expected to value Gland Pharma at around $3 billion. Gland Pharma's performance in the December quarter has been disappointing, with revenue growth in its core business being weak. The injectables company also faced challenges from its recently acquired Senexi business, which impacted its ...
MS Dhoni’s Hair Strategy: Steal His Style
Business

MS Dhoni’s Hair Strategy: Steal His Style

Garnier Black Naturals has launched its latest campaign, featuring cricket legend MS Dhoni and his wife, Sakshi Dhoni, in a playful new teaser. The campaign highlights Dhoni’s trusted grooming routine and youthful appearance, with Sakshi teasing him about a recent comment that he still looks like he’s in his 30s at age 43. Dhoni credited his hair and beard color, with Sakshi claiming responsibility for coloring his hair. Dhoni left fans curious with his signature smile, saying, “I can’t reveal all my secrets just yet.” The campaign is expected to resonate strongly with fans and grooming-conscious consumers, further strengthening Garnier Black Naturals’ position in India’s personal care market. Garnier Black Naturals is a top choice for many local consumers, particularly among young ...
JSW Group Chairman Sajjan Jindal honors ‘Business Leader of the Decade’ Award
Business

JSW Group Chairman Sajjan Jindal honors ‘Business Leader of the Decade’ Award

Sajjan Jindal, Chairman of JSW Group, has been awarded the prestigious ‘Business Leader of the Decade’ at the 15th AIMA Managing India Awards, recognizing his role in shaping India’s industrial and economic landscape. The award was presented in the presence of Union Minister of Education DharmendraPradhan and Minister of State for Commerce and Industry JitinPrasada. YezdiNagporewalla, CEO of KPMG India, read the citation, acknowledging Jindal’s contributions to India’s infrastructure modernization and global market expansion. Under Jindal’s leadership, JSW Group has doubled its revenues to $24 billion and expanded steel production capacity to 39 million tonnes annually. The conglomerate has also strengthened its presence in renewable energy, cement, and infrastructure, emerging as I...
Pfizer shares surge 9% on marketing and sales agreement with Mylan
Business, News

Pfizer shares surge 9% on marketing and sales agreement with Mylan

Shares of drugmaker, Pfizer Ltd outperformed in an otherwise weak market. The stock of the multinational drugmaker listed on Indian exchanges rose 9% and hit an intraday high of ₹4,477 on the NSE after the company on Friday announced that it has entered into a marketing and supply agreement with Mylan Pharmaceuticals Pvt Ltd. Pfizer said it has entered into an agreement with Mylan for a period of five years to market and sell two brands Ativan and Pacitane in India. Ativan is a drug used to treat anxiety in adults and children aged 12 years and above. It also treats insomnia caused by anxiety in adults while Pacitane is indicated to treat Parkinson's disease and extrapyramidal symptoms. "Mylan has a strong presence in the central nervous system therapy space, with skilled resources ...
NHPC shares upsurge over 10% for third consecutive session
Business, News

NHPC shares upsurge over 10% for third consecutive session

NHPC shares on Friday rose over 10 per cent for the third consecutive session, surging over 10 per cent following positive brokerage reports on the state-owned hydropower firm. NHPC shares rose nearly 3 per cent to hit an intraday high of Rs 82.16. This is the third consecutive day the stock is trading in the green. On Thursday, the stock gained 6.94 per cent. Over 2.57 crore shares of the stock were exchanged today, taking the total turnover to Rs 209.35 crore, as per NSE data. This sharp surge was witnessed after CLSA upgraded the stock from 'perform' to 'outperform' rating, indicating positive levers for growth. In an exclusive interview to Moneycontrol, Raj Kumar Chaudhary, chairman and managing director of the public sector undertaking (PSU), told NHPC that it will commissio...
Toyota launches Land Cruiser 300 in India: A new luxury segment contender
Business

Toyota launches Land Cruiser 300 in India: A new luxury segment contender

Toyota Kirloskar Motor has officially launched its premium SUV, the Land Cruiser 300, in India, available in two variants—ZX and GR-S. Powered by a twin-turbo V6 diesel engine producing 227kW and 700Nm torque, the Land Cruiser 300 is priced at ₹2.31 crore (ZX) and ₹2.41 crore (GR-S) (ex-showroom). With Toyota’s TNGA-F platform and advanced features like Toyota Safety Sense 3.0, the SUV is designed to cater to both urban and rugged terrain buyers. The Land Cruiser 300’s entrance into the Indian market reflects rising demand for high-end vehicles as consumer spending patterns shift towards premium segments. Analysts predict strong interest from affluent buyers and off-road enthusiasts, adding competition to India’s luxury SUV segment. With luxury interiors, leather upholstery, a JBL 1...
LIC shares jump 1% after insurer launches Smart Pension Plan; Know 7 key details you should know
Business, News

LIC shares jump 1% after insurer launches Smart Pension Plan; Know 7 key details you should know

LIC Share Price: Shares of Life Insurance Corporation of India (LIC) rose nearly 1% to ₹765 per share on the BSE on Wednesday, February 19, as the state-owned life insurer on Tuesday launched a single premium Smart Pension Plan that offers a variety of annuity options for single life as well as joint life type of annuity. A joint life insurance policy covers two individuals under one plan, while an individual policy covers only one person. Joint life annuity can be taken between any two descendants/ascendants of the family (i.e. grandparents, parents, children, grandchildren) or spouses or siblings or parents-in-law, LIC said. Single premium insurance is a life insurance plan for which the total premium has to be paid in one go and the policy has to be continued till maturity. ...
GlaxoSmithKline shares upsurge 16% on strong third quarter earnings
Business, News

GlaxoSmithKline shares upsurge 16% on strong third quarter earnings

New Delhi, February 17 Shares of GlaxoSmithKline Pharmaceuticals jumped nearly 16 percent on Monday as the company reported a five-fold jump in net profit to Rs 229 crore for the third quarter ended December 31, 2024. The stock jumped 15.59 percent to close at Rs 2,332.25 on the BSE. It rose 20 percent to Rs 2,421.30 during the day. It rose 15.90 percent to Rs 2,339 on the NSE. The pharmaceutical company reported a net profit of Rs 45 crore in the October-December quarter of the previous fiscal. Revenue from operations rose to Rs 949 crore in the third quarter as against Rs 805 crore in the same period a year ago, GlaxoSmithKline Pharmaceuticals said in a statement on Friday. Bhushan Akshikar, MD, GlaxoSmithKline Pharmaceuticals said, "Our strong third quarter results refle...
HCLTech has announced the opening of applications for its TechBee early career program
Business

HCLTech has announced the opening of applications for its TechBee early career program

HCLTech has announced the opening of applications for its TechBee early career program, a strategic initiative aimed at supporting India’s skill development and employment policies. Targeting Class 12 graduates from 2023, 2024, and 2025, TechBee offers 12 months of specialized training followed by guaranteed full-time employment. Participants can also pursue higher education through collaborations with BITS Pilani, IIIT Kottayam, SASTRA University, and Amity University Online. TechBee is aligned with the government’s push for digital transformation and employment generation in high-demand fields like cloud computing, AI, and digital engineering. The program caters to students with mathematics or business mathematics backgrounds, preparing them for careers in emerging sectors.  ...