Thursday, November 12

Business

Toyota Urban Cruiser Hyryder achieves 1 lakh sales milestone, fuels hybrid market growth
Business

Toyota Urban Cruiser Hyryder achieves 1 lakh sales milestone, fuels hybrid market growth

Toyota Kirloskar Motor (TKM) announced that its Urban Cruiser Hyryder has surpassed 1,00,000-unit sales in India since its launch in July 2022. This achievement highlights the rising consumer shift towards hybrid technology in the Indian automotive market. The Urban Cruiser Hyryder, available in Self-Charging Hybrid Electric (SHEV), Neo Drive, and CNG powertrains, has carved a niche with its advanced features and fuel efficiency. The SHEV variant offers up to 27.97 km/l*, while the Neo Drive’s optional All-Wheel Drive (AWD) appeals to a wide range of drivers. In Shillong, the Hyryder has seen strong traction, driven by the city's unique terrain and eco-conscious population. The SHEV's silent operation and outstanding mileage resonate with customers seeking sustainable yet practical ...
HMD launches HHD Fusion
Business

HMD launches HHD Fusion

HMD has introduced the highly anticipated HMD Fusion, a smartphone that offers an unparalleled customizable experience, combining cutting-edge technology with user-centric innovation. With its transformative “Smart Outfits,” the HMD Fusion not only delivers high-end photography and performance but also adapts to your lifestyle needs with ease. The HMD Fusion is powered by a robust 108MP dual main camera and a 50MP selfie camera, ensuring exceptional photo quality with features like Night Mode 3.0 and Flash Shot 2.0. What truly sets the device apart is its ability to change functionality through attachable “outfits”—the Gaming Outfit, Flashy Outfit, and Casual Outfit. Each outfit brings a unique set of features, such as enhanced gaming controls or customizable LED lighting for selfies, ...
Hotel Polo Towers Shillong debuts ‘Tring Tring,’ eyeing premium dining market
Business

Hotel Polo Towers Shillong debuts ‘Tring Tring,’ eyeing premium dining market

Hotel Polo Towers Shillong has launched Tring Tring, an all-day dining and cocktail bar designed to blend vintage aesthetics with modern luxury. Spanning over 3,200 square feet, the venue opens today, promising a unique culinary and cultural experience in the heart of Shillong. Catering to diverse occasions, Tring Tring offers seating for 150 guests, featuring private booths, a lively bar, and a scenic verandah overlooking the hills. Inspired by the 90s, the décor includes vintage telephone booths and rotary phones, creating a nostalgic yet Instagram-worthy ambiance. The menu reflects an innovative mix of local flavors and global classics, with signature cocktails such as Taste of Shillong, Butterfly Effect, and The Landline, paired with standout dishes like Crispy Goat Cheese Salad...
NTPC Green shares progress on solar project news
Business, News

NTPC Green shares progress on solar project news

Shares of recently listed NTPC Green Energy gained 4% during today's session to hit Rs 127.55 on the BSE after the company announced successful commissioning of the first phase of the 105 MW Shajapur Solar Project having a capacity of 55 MW. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, after successful commissioning, NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, has announced the first tranche capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-I) at Shajapur, Madhya Pradesh to come into commercial operation from 0:00 AM on November 29, 2024. Despite poor market sentiment, the stock has inflation 18% in just two days from its IPO pric...
Bank of India completes Rs 5,000 crore bond sale, stocks inflation
Business, News

Bank of India completes Rs 5,000 crore bond sale, stocks inflation

Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank's market cap stood at Rs 50,762 crore. Bank of India shares surged after the lender said it has issued long term bonds (infrastructure) worth Rs 5,000 crore on a private placement basis. Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank's market cap stood at Rs 50,762 crore. A total of 4.87 lakh shares were traded on the BSE, generating a turnover of Rs 5.33 crore. The stock is neither trading in the overbought nor in the oversold zone, indicated by its relative strength index (RSI) which is at 52.6. The one-year beta of Bank of India stock is 1.4, indicating very high volatility during this period. Bank of India shares are trading higher than 10-day, 20-day, 30-day, 50-day but lower...
Swiggy shares gain 6% after UBS initiates coverage, analysts expect up to 26% surge
Business, News

Swiggy shares gain 6% after UBS initiates coverage, analysts expect up to 26% surge

Shares of Swiggy Ltd, a leading player in food delivery and instant commerce, jumped 6 per cent to Rs 456 in morning trade on November 26, after UBS initiated coverage with a 'buy' rating. The brokerage highlighted Swiggy's strong growth prospects and set a target price of Rs 515, implying a potential upside of about 27 per cent from current levels. UBS pointed out that Swiggy is well positioned for growth, currently trading at a 35 per cent discount to Zomato.The stock rose 6.2 per cent to Rs 458 compared to its previous close of Rs 431.25 on the BSE, taking the company's market capitalisation to Rs 1 lakh crore. A total of 4.96 lakh shares were exchanged, resulting in a turnover of Rs 22.11 crore on the BSE.UBS noted that Swiggy is narrowing the gap with Zomato in terms of margins and s...
Vi’s latest ‘Be Someone’s We’ campaign highlights addition of 100 towers every hour
Business

Vi’s latest ‘Be Someone’s We’ campaign highlights addition of 100 towers every hour

Vi has announced a significant achievement in its network expansion, reaching the goal of adding 100 towers every hour. This milestone, part of its ongoing 'Be Someone’s We' campaign, underscores the company’s commitment to providing reliable and high-speed connectivity across India. The campaign, launched alongside the Border-Gavaskar Trophy, emphasizes the power of connection and togetherness, showcasing Vi’s ability to deliver seamless communication even in the most challenging environments. The new campaign features TVCs set in real-life situations, such as a birthday celebration conducted over a video call in a metro, highlighting how Vi’s network enables people to stay connected despite physical barriers. In Shillong, this network expansion is expected to have a significan...
NTPC shares inflation 3% on Bernstein’s ‘outperform’ call; sees 20% rally
Business, News

NTPC shares inflation 3% on Bernstein’s ‘outperform’ call; sees 20% rally

NTPC shares rose 3 per cent in morning trade on November 25 to hit Rs 377, continuing its gains for the second consecutive trading session after Bernstein maintained an 'outperform' rating on the company and raised the target price.With a target price of Rs 440, the international brokerage forecasts a 20.5 per cent upside from current market levels, citing strong power demand, lack of evening hours and the company's debt-cost advantage as key drivers.While analysts do not see any significant upside beyond these factors, they are also not expecting downside risk. NTPC shares are currently valued at 16 times FY25 earnings and 10 times EV/EBITDA, which is aligned with global peers.Boosting NTPC's prospects, its renewable energy arm, NTPC Green Energy, recently completed a Rs 10,000 crore IPO...
NESFB soars after merger with Slice, strengthens market position in Northeast
Business

NESFB soars after merger with Slice, strengthens market position in Northeast

North East Small Finance Bank (NESFB) has reported significant financial growth after its successful merger with slice on October 27, 2024. The merger combines NESFB's solid banking foundation with slice's technological innovation, enhancing the bank's financial strength and operational efficiency. The bank now boasts a robust Capital to Risk-weighted Assets Ratio (CRAR) of 23.5%, ensuring its ability to absorb risks while driving future growth. With its net worth soaring to ₹920 crores, NESFB is well-positioned for further strategic expansion, particularly in the underserved Northeast region. Its improved Net Non-Performing Assets (NNPA) of 4.6% highlight better asset quality, reflecting the bank's disciplined approach to risk management. Mr. Satish Kumar Kalra, Managing Director &...
Toyota Kirloskar Motor celebrates 1 lakh innova HyCross sales milestone in India
Business

Toyota Kirloskar Motor celebrates 1 lakh innova HyCross sales milestone in India

Toyota Kirloskar Motor (TKM) has marked an exciting milestone, reaching 1,00,000 units sold of the Innova HyCross in India, just two years after its launch. This milestone is a testament to the vehicle’s increasing popularity and reflects the growing demand for its blend of cutting-edge technology, unmatched comfort, and sustainability. Launched in November 2022, the Innova HyCross has quickly become a favorite for customers across India, especially in tier 2 and tier 3 markets. Built on Toyota’s renowned Global Architecture (TNGA), the model features a 5th Generation Self-Charging Hybrid Electric System that combines a powerful 186 PS output with impressive fuel efficiency. The vehicle operates in electric mode up to 60% of the time, offering a seamless combination of performance and ...