Business Bureau

Axita Cotton Limited, a prominent player in India’s cotton industry, has proposed a bonus issue of equity shares in the ratio of 1:3, subject to shareholder approval. This entails issuing one bonus equity share for every three fully paid-up shares, enhancing shareholder value.The company has also reported its financial results for Q1 FY25, showcasing a net profit of Rs. 3.54 crore, with a profit before tax of Rs. 4.96 crore. Total income for the quarter stood at Rs. 154.96 crore, and EBITDA reached Rs. 5.73 crore, reflecting robust operational performance amidst a challenging market environment. Mr. Nitinbhai Patel, Chairman and…

H&M has announced an exciting collaboration with renowned Indian designer Anamika Khanna, bringing her eclectic style and craftsmanship to a global audience. The collection, featuring womenswear, menswear, jewelry, and accessories, will launch in select stores and online at hm.com and Myntra on September 5, 2024. Anamika Khanna, known for her fusion of traditional Indian silhouettes with modern tailoring, aims to showcase India's sartorial heritage on the international stage. "This collection allows me to take something Indian and make it global and contemporary," Khanna remarked, highlighting the importance of redefining Indian fashion beyond mere costume.The collection boasts fluid, flattering styles with…

As Rakshabandhan approaches, QNET India is making waves with its stunning new gift collection, offering a blend of tradition and modern luxury for those seeking to celebrate the festival with elegance. This year’s selection emphasizes both aesthetic appeal and high-quality craftsmanship, ensuring that each gift reflects the deep bond between siblings. The highlight of the collection is the ORITSU Dinnerware, featuring premium porcelain adorned with 24-karat gold accents, crafted in collaboration with Dankotuwa of Sri Lanka. The collection includes three exquisite designs—ORITSU White Lotus, Royal Petals, and Water Lily—each promising to elevate any dining experience with its luxurious touch. Also…

Toyota Kirloskar Motor (TKM) reiterated its commitment to sustainable mobility on World Biofuel Day 2024, promoting a transition to biofuels as a key strategy in reducing fossil fuel dependence. Aligning with Toyota’s global goal of carbon neutrality by 2050, TKM is advancing the adoption of Flex Fuel Vehicles (FFV) and Flex Fuel Strong Hybrid Electric Vehicles (FFV-SHEV) in India. India's growing energy demands have led to record crude oil imports, with the transportation sector contributing 50% of oil consumption. TKM is leveraging India's ethanol production potential to address this issue. Ethanol blending reached 15.90% in June 2024, with the country…

Nissan Motor India (NMIPL) has launched a special ‘Freedom Offer’ on its popular Magnite SUV, exclusively for defence, central paramilitary, and state police personnel. This special bonanza offers significantly reduced prices through the CSD AFD Portal and is valid for bookings until 31 August 2024. Under this initiative, armed forces personnel can avail the Magnite through the CSD route, enjoying tax benefits. Central Paramilitary and State Police Forces can also access special pricing at authorized Nissan dealerships across India. The ‘Freedom Offer’ revives the introductory prices from Magnite’s 2020 launch, marking a tribute to India’s security services. The offer is…

Godrej Agrovet Limited (GAVL) is set to enhance the oil palm industry in Tripura with the establishment of a new Oil Palm Processing Mill and an advanced Research & Development (R&D) center. The facilities, located in Dhalai district, will significantly impact the local agricultural landscape. The company also plans to expand its nursery capacity from 300,000 to 500,000 plants annually. The announcement was made during a groundbreaking ceremony attended by Tripura's Agriculture & Farmers' Welfare Minister Ratan Lal Nath and Dr. Harikrishna Kulaveerasingam, Head of R&D at SD Guthrie Plantations, Malaysia. The R&D center will focus on developing high-yield, climate-appropriate…

Mahindra’s Truck and Bus Division (MTBD) has reinforced its presence in the Indian commercial vehicle market by inaugurating five new state-of-the-art dealerships in July. The new facilities, located in Jhansi, Ghaziabad, Raipur, Bharuch, and Kadapa, span four states and add 37 service bays capable of servicing over 75 vehicles daily. The dealerships also offer amenities like driver lodging, 24-hour breakdown assistance, and AdBlue availability. Jalaj Gupta, Business Head of Commercial Vehicles at Mahindra & Mahindra Ltd., emphasized the strategic importance of these new dealerships, stating, “The expansion will enhance our network’s reach and provide better servicing options to our customers,…

The registration for the Symbiosis MBA programmes through the Symbiosis National Aptitude Test (SNAP) 2024 has officially commenced. Aspiring candidates can now apply via the SNAP official website, with the application process having opened on August 5, 2024. The entrance test offers access to 27 programmes across 17 prestigious institutes under Symbiosis International (Deemed University). The SNAP 2024 exam is scheduled on three dates: December 8, December 15, and December 21, 2024. Candidates may attempt the test up to three times, with the highest score considered for admission. Results will be announced on January 8, 2025.Vice Chancellor Dr. Ramakrishnan Raman…

MG Motors is set to make a grand entrance into the Indian automotive market with its innovative Crossover Utility Vehicle (CUV) – the MG Windsor. This groundbreaking model will feature the segment-first Aero-Lounge seats, offering a 135° recline designed to blend luxury with unparalleled comfort. Inspired by the majestic Windsor Castle, the MG Windsor’s spacious cabin emphasizes both ergonomics and aesthetics, promising an atmosphere of opulence and relaxation. The Aero-Lounge seats, meticulously crafted to ensure maximum comfort, are set to transform both short city drives and long journeys into indulgent experiences. In Guwahati, the introduction of the MG Windsor is…

Tata Tea Premium, under Tata Consumer Products Ltd., has unveiled its latest Independence Day campaign, #DeshKaGarv-Pradesh Ki Kala, celebrating India’s post-independence milestones through regional art forms. The campaign features a limited-edition collection in partnership with The Plated Project, an organization dedicated to addressing the hunger crisis through art. The collection showcases iconic events such as Punjab’s Green Revolution and the 1982 Asian Games in Delhi, depicted through regional art styles like Odisha’s Pattachitra and Madhya Pradesh’s Gond Art. Each piece is available for purchase on www.indiakichai.com, with 100% of the proceeds going towards sponsoring meals for underprivileged children. Puneet Das,…