Business Archives - Page 59 of 93

From Manipur to global success: Shanyo Horam’s entrepreneurial journey

2Jan

By Business BureauNo Comments

Business

From Manipur to global success: Shanyo Horam’s entrepreneurial journey

Shanyo Horam’s rise from a small Manipur village of 33 houses to a global entrepreneurial leader showcases the power of perseverance and vision. Starting with humble beginnings, Shanyo worked tirelessly to support her family, moving to Bangalore in 2003 to pursue an IATA course while holding a job. After years in the travel industry, Shanyo sought financial independence and time freedom, leading her to entrepreneurship with Swedish wellness brand Oriflame in 2011. Despite challenges and initial failures, her determination paid off. Today, as a Diamond Director, she leads a network of entrepreneurs and inspires countless individuals to dream big. In Shillong, her success story has sparked interest among aspiring entrepreneurs. The city’s vibrant market, known for its entrepreneurial ...

Maruti Suzuki December sales progress 30%

2Jan

By editorNo Comments

Business, News

Maruti Suzuki December sales progress 30%

India's leading carmaker Maruti Suzuki India Ltd reported a 30% rise in sales in December 2024, sending its shares surging on January 1, 2025. The company sold 1.78 lakh vehicles in December, a growth of 29.6% compared to 1.37 lakh units in the same month last year, beating market expectations of 1.63 lakh units. Domestic sales volume grew 27.3% to 1.41 lakh units from 1.10 lakh units last year, reflecting strong demand in the local market. Passenger vehicle (PV) sales in India also rose 24.2% to 1.30 lakh units from 1.05 lakh units in December 2023. Exports were an exception for Maruti, with exports growing 39.2% to 37,419 units as against 26,884 units last year, reflecting increased global reach. The company will increase car prices by up to 4% from January 2025 due to in...

RVNL shares flourish 8% on bagging two projects worth Rs 541 crore

31Dec

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Business, News

RVNL shares flourish 8% on bagging two projects worth Rs 541 crore

Shares of Rail Vikas Nigam Limited rallied nearly eight per cent in the morning session on the last trading day of 2024. The railway firm was declared the lowest bidder for the two projects. As a result, RVNL shares snapped a nine-session losing streak. At 11.50 am, the stock was at Rs 427.4 on the NSE, up 4.7 percent from its previous session closing price. First, RVNL won a Rs 137-crore project from the Central Railway. RVNL has 24 months to complete the project. The railway firm will undertake design, supply, construction, testing and commissioning of 132/55 kV traction substations, sectioning posts and sub-sectioning posts in the Bhusaval-Khandwa section. 2 x 25 kV Traction System (Scotch Connected Transformer) of Bhusaval-Khandwa section of Central Railway will be u...

Jyoti CNC shares head towards ₹1,450 after upgrade of 317% from IPO price

30Dec

By editorNo Comments

Business, News

Jyoti CNC shares head towards ₹1,450 after upgrade of 317% from IPO price

Shares of Jyoti CNC Automation Ltd, which has already surged over 300% from its IPO price of ₹331, still have room for further upside, brokerage firm Equirus said after initiating coverage on the stock on Monday, December 30. Equirus has now assigned an 'add' rating to the CNC (computer numerical control) machine maker with a price target of ₹1,450. The brokerage's price target implies a potential upside of 5% from Friday's closing levels. The brokerage wrote in its note that the company is well positioned to benefit from several regional tailwinds domestically and globally. Going forward, Jyoti CNC Automation is actively developing and expanding its capabilities to capitalise on significant opportunities. The brokerage also pointed to a significant capex plan including backwa...

Real estate: Home prices on Noida Expressway see 66% progress in just 5 years

28Dec

By editorNo Comments

Business, News

Real estate: Home prices on Noida Expressway see 66% progress in just 5 years

According to data from real estate consultant Anarock, average home prices in Noida Expressway rose from Rs 5,075 per sq ft in 2019 to Rs 8,400 per sq ft in the September 2024 quarter. Real estate trends: Over the past five years, the real estate market in major Indian cities, Delhi-NCR and Bengaluru, has seen a significant increase in home prices in peripheral areas. This trend is attributed to better connectivity, infrastructure development and the strategic location of these suburbs. Development in these areas has outpaced traditional urban centres in terms of price growth. As infrastructure projects continue to improve connectivity, more and more home buyers are looking at suburban areas as a viable option for investment and living. Experts believe that the ongoing expansion ...

Banking frauds upgrade in first half of FY25: RBI

27Dec

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Business, News

Banking frauds upgrade in first half of FY25: RBI

Frauds reported jump eight-fold to Rs 21,367 crore; private sector records highest number of cases. The number of bank frauds witnessed a significant rise in the first half of the current fiscal year to 18,461 cases and the amount involved more than eight-fold to Rs 21,367 crore, according to RBI data released on Thursday. The Reserve Bank of India has released the Report on Trend and Progress of Banking in India 2023-24, which presents the performance of the banking sector, including commercial banks, co-operative banks and non-banking financial institutions, during 2023-24 and 2024-25 till date. The report said the number of frauds during April-September, based on the date of reporting of frauds, was 18,461, involving Rs 21,367 crore, as against 14,480 cases involving Rs 2,623 ...

Smartphone exports cross Rs 1.70 lakh crore, inflation 31%

23Dec

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Business, News

Smartphone exports cross Rs 1.70 lakh crore, inflation 31%

India's smartphone exports are set to cross Rs 1.70 lakh crore in the current fiscal - up 31% from Rs 1.29 lakh crore in FY24. Nearly 70% of shipments are of iPhones. Products from Samsung and domestic contract manufacturer Padget Electronics (Dixon) and a small amount of merchandise exports make up the remaining 30%. According to industry sources, smartphone exports reached Rs 1.10 lakh crore in the April-November period, up 45% from the export figure of Rs 76,221 crore in the same period in FY24. In November, monthly exports were Rs 20,000 crore, the highest ever. Apple's iPhone vendor Foxconn, based in Tamil Nadu, made the biggest contribution to smartphone exports. The less than four-year-old iPhone factory is also India's largest in terms of employees across all sectors, with a...

Tata Communications drives clean energy and health initiatives in Meghalaya

23Dec

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Business

Tata Communications drives clean energy and health initiatives in Meghalaya

Meghalaya’s Garo Hills has witnessed a transformative step toward sustainability as Tata Communications, a leading global communications technology player, spearheaded a hands-on Climate Resilient Village Programme as part of its Corporate Social Responsibility (CSR) initiative in the villages of Buripara Akilang and Mandal Nokat in West Garo Hills District. Over two impactful days, as a first of its kind initiative, titled ‘Beyond the Boardroom’ senior leaders from Tata Communications, along with other volunteers, joined forces to improve access to clean energy and health solutions, underscoring the company’s commitment to sustainable development and community upliftment. In Buripara Akilang, West Garo Hills, Tata Communications’ volunteers assessed household energy needs and insta...

23Dec

By Business BureauNo Comments

Business

BookMyShow unveil #BookMyShowThrowback

BookMyShow has unveiled #BookMyShowThrowback, a look back at a year that has been nothing short of transformative for entertainment in India. From iconic cinematic experiences to electrifying live events and a surge in on-demand streaming, this was the year India truly lived its entertainment dreams - and then some, a testament to the evolving and insatiable appetite of Indian audiences for all things entertainment. Leading the cinematic charge was Pushpa 2: The Rule, a film that redefined Indian storytelling, becoming the most-watched movie of the year and drawing in 10.8 lakh solo viewers. November 1st, 2024, was a blockbuster day on BookMyShow, shattering records with a whopping 2.3 million tickets sold in just 24 hours! Audiences weren’t just attending events or streaming ...

21Dec

By editorNo Comments

Business, News

Onion prices decay by 50% in a week

NAVI MUMBAI: Onion prices, which have become a burden on consumers' pockets, have fallen sharply by about 50% in the last week. This is due to the arrival of new crop and the imposition of duty on export. Vegetable traders said that as more fresh stock reaches the market, prices will fall further. Wholesale prices at the Vashi APMC (Agricultural Produce Market Committee) market, which supplies the Mumbai Metropolitan Region, have come down from ₹45-50 per kg last week to ₹20-25 per kg on Friday. Traders said that prices in the retail market have come down from ₹80-90 per kg to ₹60-70 per kg. Ashok Karpe, a wholesale onion trader at the APMC market, said, "The new crop this winter is very good. It is reaching the market in large quantities mainly from Ahmednagar, Nashik, Sangamner an...