Business Bureau

Rajkot, February 2025: Ultracab (India) Ltd has opened its rights issue for subscription from January 28 to February 11, 2025. The company is offering 3.43 crore equity shares at Rs. 14.5 per share, with an entitlement ratio of 9:25. Key Highlights: (1) Net Profit for FY24: Rs. 598 lakh (up from Rs. 582 lakh in previous year), (2) Revenue for FY24: Rs. 12,439 lakh, (3) Presence in 29 countries with 400+ dealers, (4) Serves 55+ government departments and 150+ corporate groups, (5) Major clients include BHEL, NTPC, Power Grid, Reliance, and Godrej. Purpose of Rights Issue: The funds will be…

Bajaj Finserv AMC has announced the launch of its new investment vehicle, the Bajaj Finserv Multi Cap Fund, which is set to open for subscription from February 6 to February 20, 2025. This open-ended equity scheme targets investments across large cap, mid cap, and small cap stocks, applying a contrarian strategy to spot undervalued opportunities and capitalize on market inefficiencies. The fund will adopt a disciplined investment approach, focusing on sectors and companies poised for growth through cyclical economic upturns, business turnarounds, and management transitions. With a minimum 25% allocation in each market cap segment, the fund aims to deliver…

HSBC Mutual Fund has announced the launch of its new open-ended equity scheme, the HSBC Financial Services Fund, targeting long-term capital appreciation by investing primarily in the financial services sector. The New Fund Offer (NFO) will open on February 6, 2025, and close on February 20, 2025. The financial services sector in India is on a strong growth trajectory, fueled by factors like increasing financial inclusion, digitalization, and evolving regulatory policies. The HSBC Financial Services Fund seeks to capitalize on these growth opportunities by investing in a diversified portfolio of companies in both the lending and non-lending segments, including banks,…

Eugenix Hair Sciences has become the gold standard in hair restoration, trusted by cricketing legends, international athletes, and Bollywood celebrities. With advanced clinics in Delhi-NCR, Mumbai, Hyderabad, and Bhubaneswar, the clinic is renowned for its pioneering hair transplant solutions, blending scientific precision with artistic expertise. Cricket icons like Mohammed Shami, Ravi Shastri, and Mohammed Azharuddin have turned to Eugenix for their transformative hair restoration procedures. Shami, who underwent a procedure with over 4,500 grafts, shared, “The results have been phenomenal. Eugenix exceeded my expectations.” Shastri, endorsing the clinic’s excellence, said, “When it comes to hair, all roads lead to Eugenix.”…

Nissan Motor India has commenced exports of over 10,000 units of the Left-Hand Drive (LHD) New Nissan Magnite, reinforcing its ‘One Car, One World’ strategy. The first shipment of approximately 2,900 units was dispatched in January 2025 to select markets in the Latin American (LATAM) region. A second wave, comprising over 7,100 units, is set to be shipped in February 2025 to the Middle East, North Africa, and select markets in LATAM and Asia-Pacific. The New Nissan Magnite, manufactured at Nissan’s Alliance JV plant in Chennai, will now be available in over 65 global markets. Frank Torres, Divisional Vice President…

To address the recurring issue of pilgrims getting lost during the MahaKumbh, leading telecom operator Vi has launched the ‘Vi Number Rakshak’ initiative. The program provides Rudraksh and Tulsi bead bracelets engraved with personal emergency contact numbers, ensuring quick reunification of separated individuals. Every KumbhMela witnesses thousands of people losing contact with their families amid massive crowds. In 2013, around 70,000 individuals were reported missing during the PrayagrajKumbh. This year, over 250 cases were reported on the first day alone. With millions expected to gather at TriveniSangam for the ShahiSnan in February, Vi’s initiative offers a simple yet effective solution…

UE LifeSciences and Central Referral Hospital (CRH) Manipal successfully organized the first painless, radiation-free breast cancer screening camp in Sikkim. The initiative, held at CRH Gangtok, provided free screenings and consultations to 94 women, promoting awareness and access to early detection. The camp was inaugurated in the presence of AVM (Dr.) Dilip Chandra Agarwal, Vice-Chancellor of Sikkim Manipal University (SMU), along with senior officials from CRH and SMU. The screenings were conducted using iBreastExam, an innovative, non-invasive device designed for early cancer detection. Six nurses and two junior resident doctors from CRH received hands-on training with the device, equipping them…

Punjab National Bank (PNB) is all set to host the PNB Home Loan Expo 2025, a major event aimed at helping individuals and families fulfill their dream of owning a home. The expo will take place across more than 150 cities in India on 7th and 8th February 2025. For many, owning a home is a lifelong dream, and PNB is making it easier with exclusive benefits, expert consultations, and instant loan approvals. The PNB Home Loan Expo 2025 will offer exciting opportunities for homebuyers, with attractive discounts and flexible loan options. PNB is offering a range of financial incentives…

The Northeast is witnessing a worrying rise in oesophageal cancer cases, with experts urging the adoption of advanced medical technologies to address the crisis. According to a recent Indian Council of Medical Research (ICMR) report, the region’s high tobacco consumption—48.2% among adults compared to the national average of 29%—is a key factor driving this surge. In Assam, the prevalence of oesophageal cancer is particularly alarming. Dibrugarh district records the highest proportion of cases at 15.7%, with 1 in 54 males at risk. Kamrup Urban follows closely with 14.3% (1 in 27 males), while Cachar reports an incidence rate of 11.6%…

The North East Small Finance Bank (NESFB) has appointed Satish Kumar Kalra as its interim Managing Director and Chief Executive Officer. The appointment has been approved by the Reserve Bank of India. “The Union Budget 2025-26 reflects a strategic push towards financial inclusion, rural development, and MSME growth. Initiatives like the enhanced Kisan Credit Card limit to ₹5 lakh and new taxation reforms demonstrate a balanced approach to fostering economic empowerment. These measures are particularly encouraging for regions like the Northeast, where increased access to credit and financial services can drive entrepreneurship and community upliftment.” The budget continues the government’s…