Wednesday, August 12

Business

Cherrapunji Eastern Craft Gin takes top honors at Gin Masters in London
Business

Cherrapunji Eastern Craft Gin takes top honors at Gin Masters in London

Cherrapunji Eastern Craft Gin, the pride of Meghalaya, India, has made a significant mark on the global stage by clinching a Gold Medal at the prestigious Gin Masters competition in London. This notable event rigorously assesses gins across various price points and styles, with gold medals reserved for those demonstrating exceptional quality and craftsmanship. Winning this coveted gold medal places Cherrapunji Eastern Craft Gin in the esteemed company of international giants such as The Botanist Islay Dry Gin, Tanqueray London Dry Gin, and Ki No Bi Kyoto Dry Gin. The gin's success is a testament to its unique flavor, sustainable practices, and distinct bottling, which have garnered international acclaim. “We are honoured to have received six of the most coveted global awards within ...
Toyota Kirloskar Motor signs landmark MOU with Maharashtra for new green field facility
Business

Toyota Kirloskar Motor signs landmark MOU with Maharashtra for new green field facility

Toyota Kirloskar Motor (TKM) has taken a significant step towards enhancing its footprint in India by signing a Memorandum of Understanding (MOU) with the Government of Maharashtra. The agreement aims to explore the establishment of a Green Field Manufacturing Facility at Chhatrapati Sambhaji Nagar, reflecting TKM's commitment to sustainable growth and innovation. The MOU was signed by Dr. Harshadeep Kamble, Principal Secretary (Industries), Government of Maharashtra, and Sudeep Santram Dalvi, Director & Chief Communications Officer of TKM. The ceremony saw the presence of Maharashtra's Chief Minister Eknath Shinde, Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, alongside TKM’s MD and CEO Masakazu Yoshimura and Vice Chairperson Manasi Tata. This proposed facility is po...
From Aizawl to Paris: Lalnuntluangi’s journey from struggle to triumph
Business

From Aizawl to Paris: Lalnuntluangi’s journey from struggle to triumph

Lalnuntluangi's story is a compelling narrative of transformation and triumph. Emerging from the shadows of severe domestic abuse, Lalnuntluangi, from Aizawl, faced the daunting challenge of raising her young son alone. Her life took a turn in 2006 when she embraced a direct selling opportunity with a renowned holistic beauty company. With unwavering determination, she achieved the prestigious director title by 2008, marking the start of a new chapter in her life. This journey led her to Paris, a destination that once seemed out of reach, symbolizing her remarkable success. More significantly, her relentless efforts ensured her son’s educational success, culminating in an MBBS degree—a testament to her dedication and resilience.In the Guwahati, Lalnuntluangi’s inspiring journey has spa...
Sun Pharma Q1 results: Net profit upsurge 40% to ₹2,836 crore, revenue up 6% YoY
Business, News

Sun Pharma Q1 results: Net profit upsurge 40% to ₹2,836 crore, revenue up 6% YoY

Sun Pharma Q1 results: Sun Pharmaceutical Industries on Thursday reported 40.2% year-on-year (YoY) consolidated net profit growth at ₹2,835.62 crore for the first quarter of FY25. The company's net profit in the year-ago quarter was ₹2,022.54 crore.Drug major Sun Pharma's revenue from operations in Q1FY25 grew 6% year-on-year to ₹12,652.7 crore from ₹11,940.84 crore.US formulation sales fell 1% to $466 million and accounted for more than 31.1% of total consolidated sales. Formulation sales in India grew by 16.4% to ₹4,144.5 crore and were approximately 33.1% of total consolidated sales.Sun Pharma said the pharma company's formulation sales in emerging markets stood at $284 million for Q1FY25, a growth of 8.8% and accounted for 18.9% of total consolidated sales.During the quarter ending Ju...
Atharva Foundation Donates Ambulances to North East India Rajya Sainik Boards
Business

Atharva Foundation Donates Ambulances to North East India Rajya Sainik Boards

Atharva Foundation Mumbai, under the able leadership of Mr Sunil Rane, MLA Borivali and Chairman of Atharva Foundation, has extended support to the welfare of ex-servicemen by donating ambulances at the hands Hon. Governor Shri. Ramesh Bais and Deputy Chief Minister of Maharashtra Shri.Devendra Fadnavis to the Rajya Sainik Boards of Mizoram, Meghalaya and Tripura on the occasion of 25th Kargil Vijay Diwas in a special program organized at Raj Bhavan Mumbai on 26 July 2024. The ambulances were handed over to the representatives of respective state's sainik Boards in the presence of armed forces officers, ex-servicemen and citizens.  Atharva Foundation has already donated ambulances to&...
Acmes Drugs & Pharma IPO: Pharma company growth ₹828.78 crore from anchor investors ahead of public offering
Business, News

Acmes Drugs & Pharma IPO: Pharma company growth ₹828.78 crore from anchor investors ahead of public offering

According to the company's filing on the Bombay Stock Exchange (BSE), Ecums Drugs & Pharmaceuticals Ltd said the company has raised about ₹828.78 crore from anchor investors ahead of its initial public offering on Tuesday, July 30.The pharmaceutical manufacturing company on Monday, July 29, allotted 1,22,05,912 or 1.22 crore equity shares to its anchor investors at ₹679 per share, according to exchange filings.These included SBI Healthcare Opportunities Fund, SBI Conservative Hybrid Fund, International Growth and Income Fund, Smallcap World Fund, Abu Dhabi Investment Authority, DSP India Fund, IIFL Asset Management Ltd, BlackRock Emerging Frontiers Master Fund Ltd, BlackRock Global Funds - India Fund . Top anchor allocation for share issue in the anchor round on Monday.According to th...
ICICI Bank Q1 results: Net profit upsurge 14.6% to ₹11,059 crore, NII up 7.3% YoY
Business, News

ICICI Bank Q1 results: Net profit upsurge 14.6% to ₹11,059 crore, NII up 7.3% YoY

Private sector lender ICICI Bank on Saturday reported a 14.6% year-on-year rise in its net profit for the first quarter of the current financial year (QIFY25), driven by higher treasury and other income. For the three months to June, the bank's net profit was ₹11,059 crore, compared with ₹9,648 crore in the same period last year.Growth in non-interest income, or other income, was a significant contributor, rising 23.3% year-on-year (YoY). India's second-largest private bank saw a rise in dividend income from its subsidiaries, with other income totaling ₹6,389 crore, compared to ₹5,183 crore a year ago. Notably, dividend income increased to ₹894 crore from ₹291 crore in the corresponding quarter last year.There was also a strong turnaround in treasury income at the end of June quarter, whi...
HMD launches Crest and Crest Max 5G Phones on Amazon, sets new standard in smartphone innovation
Business

HMD launches Crest and Crest Max 5G Phones on Amazon, sets new standard in smartphone innovation

HMD Global has made a bold entry into the Indian smartphone market with the launch of its latest models, the HMD Crest and HMD Crest Max. These new devices, now available on Amazon Specials, promise to revolutionize mobile photography with cutting-edge technology and stylish design. The HMD Crest series introduces the industry’s first 50MP selfie camera, accompanied by a 64MP Triple AI camera on the Crest Max, setting a new benchmark for smartphone photography. Both models feature advanced AI capabilities, including a "Hands Free Selfie" mode, slow-motion video, and AI Super Portrait mode, ensuring high-quality photos and videos. The devices also boast a vibrant 6.67" FHD+ OLED display, a long-lasting 5000mAh battery with 33W fast charging, and up to 256GB storage. Highlighting thei...
Anil Kapoor and Sonam Kapoor’s partnership will promise protection for Johnson’s baby from day one
Business

Anil Kapoor and Sonam Kapoor’s partnership will promise protection for Johnson’s baby from day one

Mumbai, India — Johnson’s® Baby has launched its latest television campaign, “Protection* ka Promise Pehle Din Se,” featuring Bollywood icons Anil Kapoor and Sonam Kapoor. Conceptualized by DDB Mudra, the campaign underscores the brand’s commitment to protecting infants' delicate skin from day one with its specially formulated products. The campaign showcases a charming interplay between the father-daughter duo. Anil Kapoor, portraying a concerned grandfather, questions the efficacy of maintaining a baby’s moisture post-bath. Sonam Kapoor, in response, highlights Johnson’s Baby Soap’s unique formulation with glycerin and vitamin E, designed to preserve natural moisture and protect the baby’s skin barrier. Anil Kapoor expressed, "Joining forces with Sonam for this campaign was truly ...
SBI Card Q4 results: Net profit up 11% to ₹662 crore, revenue upgrade 14% to ₹4,475 crore
Business, News

SBI Card Q4 results: Net profit up 11% to ₹662 crore, revenue upgrade 14% to ₹4,475 crore

SBI Cards and Payment Services on April 26 announced an 11.05 percent year-on-year (YoY) growth in its net profit for the March quarter of financial year 2023-24 at ₹596.47 crore, compared to the reported ₹596.47 crore. Reached Rs 662.37 crore.The company's revenue also grew by over 14 per cent to ₹4,475 crore in Q4FY24, compared to ₹3,917 crore in the same period a year ago. The moment was led by interest income rising 28 per cent to ₹2,139 crore in Q4FY24 from ₹1,672 crore in Q4FY23.Gross non-performing assets (GNPA) stood at 2.76 percent of gross advances as of March 31, 2024, while it stood at 2.35 per cent as of March 31, 2023. Net non-performing assets as of March 31 stood at 0.99 per cent. 2024 as against 0.87 percent till March 31, 2023.In the fourth quarter of financial year 2023...