Wednesday, July 15

Business

Slice and North East Small Finance Bank set to redefine banking through innovation
Business

Slice and North East Small Finance Bank set to redefine banking through innovation

slice, India’s leading consumer payments and lending company has successfully completed its merger with North East Small Finance Bank (NESFB), effective from 27th October 2024, following the receipt of all requisite shareholder and regulatory approvals. This merger unifies the operations, assets, and brand identities of both entities into a single, integrated banking institution. This merger marks a pivotal milestone in India’s financial landscape, combining the innovation of a leading fintech with the trusted foundation of a traditional banking institution. This strategic integration sets the foundation for building India’s foremost tech-driven bank, prioritizing stability, risk management, and a robust governance framework as its key pillars. Reflecting on the merger, Rajan Bajaj,...
L&T shares drop 2%; UBS downgrades rating to ‘neutral’ citing near-term headwinds
Business, News

L&T shares drop 2%; UBS downgrades rating to ‘neutral’ citing near-term headwinds

Shares of Larsen & Toubro (also known as L&T) had a weak opening on October 25. It fell 2 per cent to Rs 3,378 after UBS downgraded the stock to 'neutral' and cut its target price in view of several challenges in the upcoming quarters.The brokerage has highlighted an upside potential of 16 per cent from the last closing price of Rs 3,443 with a target price of Rs 4,000. The previous target price given by the brokerage was Rs 4,400. L&T shares have declined 11 per cent in the last month.The international broking firm suggests that although core earnings remain supportive, it anticipates that there could be a slowdown in new order growth, which the market typically gives more importance to than core earnings for L&T.The firm's analysts believe that managing returns and cash ...
Toyota launches Limited Festival Edition Rumion with advanced TGA packages for enhanced driving experience
Business

Toyota launches Limited Festival Edition Rumion with advanced TGA packages for enhanced driving experience

Making this festive season special for car buyers, Toyota Kirloskar Motor (TKM) has introduced the Festive Edition of the Toyota Rumion. This Limited-Edition, featuring exclusive Toyota Genuine Accessory (TGA) packages aimed at enhancing the Rumion's aesthetics and comfort is the perfect mobility choice to celebrate the season in elegance and style. This festive edition of the Rumion, available across all grades, comes with a dealer-fitted TGA package worth ₹20,608, ensuring that customers enjoy a premium experience. The Festival Limited Edition TGA package features Back Door Garnish, Mud Flaps, Rear Bumper Garnish, Deluxe Carpet Mat (RHD), Head Lamp Garnish, Number Plate Garnish, Door Visor – Chrome, Roof Edge Spoiler and Body Side Molding Garnish Finish. Mr. Sabari Manohar – Vice...
Brahmaputra Valley Film Festival announces the highly anticipated 9th edition
Business

Brahmaputra Valley Film Festival announces the highly anticipated 9th edition

Brahmaputra Valley Film Festival (BVFF) has announced the highly anticipated 9th edition which is scheduled to take place from December 5th to December 8th, 2024, at Jyoti Chitraban Film Studio in Kahilipara, Guwahati. This year, the festival is set to captivate audiences with a vibrant selection of films, showcasing powerful stories from the Northeast region and beyond. With more than 220 film entries submitted this year, the festival will present a vibrant selection of films across both competitive and non-competitive sections, featuring categories such as feature films, documentaries, and short films.  The non-competitive category will also highlight a diverse range of cinematic works that deserve recognition and appreciation. Both categories aim to inspire, engage, and shi...
Crude oil futures upsurge on spot demand – PTI
Business, News

Crude oil futures upsurge on spot demand – PTI

New Delhi, Oct 24 (PTI) Crude oil prices on Thursday rose by Rs 68 to Rs 6,044 per barrel in futures trade as participants widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for November delivery expansion by Rs 68, or 1.14 per cent, to Rs 6,044 per barrel in a business turnover of 13,571 lots.Analysts said crude oil prices rose in futures trade as participants increased their deals.Globally, West Texas Intermediate crude price in New York was trading at $71.79 per barrel, down 1.44 per cent, while Brent crude price was at $75.92 per barrel, down 1.28 per cent.
NMDC shares gain 5% after second hike in price of lump ore and fines in October
Business, News

NMDC shares gain 5% after second hike in price of lump ore and fines in October

Shares of public sector company NMDC or National Mineral Development Corporation witnessed a surge on October 23 after the company announced a hike in the price of its lump ore and fines, which was the second price hike by the company in October.NMDC has raised the price of lump ore by Rs 600 to Rs 6,350 per tonne, while that of fines by Rs 400 to Rs 5,410 per tonne, the company said in a regulatory filing on October 22.These latest hikes have pushed NMDC's lump ore and fines prices to their highest since May. Interestingly, NMDC's price adjustments come at a time when global iron ore prices are on a downward trend. The commodity has declined 11 per cent, currently trading at SG$101, down from a recent high of SG$114 hit on October 8.Earlier in October, NMDC had increased the price of lum...
Onion prices jump ahead of Diwali due to heavy rains and supply problems
Business, News

Onion prices jump ahead of Diwali due to heavy rains and supply problems

The price of onion in retail markets is currently between Rs 60-80 per kg and is expected to remain high till Diwali. The surge in onion prices is mainly due to heavy rains in major onion producing states like Maharashtra, Karnataka, Telangana and Andhra Pradesh, which have damaged crops and disrupted supplies.As a result, prices of onions, tomatoes and edible oils contributed to September inflation reaching a nine-month high, and food inflation is expected to remain elevated in October, according to a report by The Economic Times.Onion prices at Lasalgaon wholesale market in Nashik have been fluctuating between Rs 45-50 per kg for over a month now. The government had expected prices to drop with the harvesting of the kharif crop, which is underway in several southern states. However, the...
Toyota Kirloskar Motor launches innovative ‘Festival Limited Edition’ Glanza, redefines festive driving
Business

Toyota Kirloskar Motor launches innovative ‘Festival Limited Edition’ Glanza, redefines festive driving

Marking the festive spirit, Toyota Kirloskar Motor has announced the introduction of ‘Festival Limited Edition’ of the Toyota Glanza. Customers can now enjoy exclusive dealer-fitted Toyota Genuine Accessory (TGA) packages, designed to elevate their driving experience with enhanced style, performance, and comfort of the Glanza during this festive period. Celebrated for its advanced technology, sleek design, and high fuel efficiency, since 2019, the limited-edition Toyota Glanza comes equipped with 13 exclusive TGA Package, worth ₹20,567. The vehicle features standout elements like premium chrome and black body side moulding, back door garnish chrome, and ORVM garnish chrome. Additional highlights include 3D floormat, door visor premium, and neck cushions (black & silver) for extra c...
Ola Electric shares upsurge 4%, 99% customer complaints resolved before deadline
Business, News

Ola Electric shares upsurge 4%, 99% customer complaints resolved before deadline

Shares of Ola Electric Mobility made a strong debut on the stock market and rose 4 per cent to Rs 85.3 on October 22. This after the company announced that it has resolved about 99.1 percent of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA).In a document filed with the stock exchange, the company highlighted its robust complaint redressal system, with CFO Harish Abichandani saying, "10,644 complaints received from CCPA were resolved to the complete satisfaction of the customers."The announcement comes just ahead of the CCPA's October 22 deadline. On October 7, the agency issued a show-cause notice to the Bhavish Aggarwal-led company, seeking clarifications on its handling of thousands of consumer complaints, and gave it 15 days to respond.India's lead...
Forvia shares flourish as it strikes new supply deals with Xiaomi and BYD: Report
Business, News

Forvia shares flourish as it strikes new supply deals with Xiaomi and BYD: Report

France-based car parts supplier Forvia said on Monday it had struck new deals with BYD and Xiaomi, sending its shares up 10%, Reuters reported.Forvia hopes its new contracts with Chinese manufacturers will help it meet waning auto demand from domestic manufacturers, Newswire reported. It has also struck deals with Chinese auto makers Li Auto and Chery, Newswire reported."Xiaomi is now one of the major telcos entering the EV and car market, and it's great that we are able to expand our reach to Chinese manufacturers with the latest products," Forvia's finance chief Olivier Durand said at an investor conference.The company said it expects to outperform automotive production in China in 2025, following a drop in sales in the third quarter, the newswire said. AlphaValue analyst Adrian Brassi ...