Business

12 May

Toyota Hilux Black Edition turns heads in Siliguri; northeast buyers eye bold upgrade

Business BureauBusiness

Toyota Kirloskar Motor has unveiled its rugged yet premium Hilux Black Edition at Topsel Toyota, Siliguri, bringing a bold refresh to its iconic pickup. Priced at ₹37.90 lakh (ex-showroom), this 4X4 powerhouse features a 2.8L turbo-diesel engine delivering 500 Nm torque, paired with advanced off-road capabilities and premium comfort features like 7 SRS airbags, 8-inch infotainment, and leather upholstery. The all-black exterior—including grille, ORVMs, alloy wheels, and sleek LED lights—offers a striking blend of aggression and elegance, appealing to both adventure seekers and urban professionals. The launch was graced by entrepreneur and philanthropist Ravindra Kumar Jain alongside Toyota’s East Zone…

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10 May

PhysicsWallah expands its footprint with new tuition centre in Bankura

Business BureauBusiness

PhysicsWallah (PW), a rapidly growing education platform, has opened a new PW Tuition Centre in Bankura, marking a significant expansion of its offline presence. Located on Taragoti Samanta Road, the centre offers academic support for students in classes 8th, 9th, and 10th, with courses in Science, Mathematics, Social Science, English, and Hindi. The curriculum is tailored to meet the requirements of CBSE and ICSE boards, helping students build a strong foundation for their exams. The new centre, situated at 271/7/1, Xaviers Child Development Centre, aims to provide in-person guidance for students to navigate their academic journey. With classes held five…

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10 May

JSW MG Motor India launches MG Windsor PRO

Business BureauBusiness

JSW MG Motor India has launched MG Windsor PRO that will elevate the business class travel experience with the inclusion of new tech and safety features, along with a new 52.9 kWh battery pack. The MG Windsor has witnessed phenomenal customer response since its launch, and the addition of the PRO series will further strengthen its market performance. Launched at an attractive introductory BaaS price of INR 12.49L + INR 4.5/km and ex-showroom price of INR 17,49,800 (valid for first 8,000 bookings), the MG Windsor PRO promises to accelerate the rapid transition to EVs. JSW MG Motor India has onboarded new financiers, such…

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10 May

Bajaj Allianz Life announces record Rs 1,833 crore bonus for FY2025, benefits over 11.7 lakh policyholders

Business BureauBusiness

Bajaj Allianz Life Insurance has declared its highest-ever bonus of ₹1,833 crore for the financial year 2024-25, marking a remarkable 32% increase from last year’s ₹1,383 crore. This bonus will benefit over 11.71 lakh policyholders invested in the company’s participating (with-profit) products. The bonus continues Bajaj Allianz Life's legacy of delivering value to customers, with annual bonuses declared for 24 consecutive years. The bonus will be distributed to policyholders with traditional participating policies that are active as of March 31, 2025. Additionally, a special reversionary bonus of 5% totaling ₹206 crore has been announced for policyholders of higher equity allocation…

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10 May

CoinSwitch boosts investor confidence with surplus crypto reserves

Business BureauBusiness

CoinSwitch, India’s largest crypto platform, has reaffirmed its commitment to transparency and trust with the release of its fifth Proof of Reserves (PoR) report. The report, which confirms that CoinSwitch holds more assets than the total amount held by its users, underscores the company’s focus on investor protection and prudent liquidity management. As of March 31, 2025, CoinSwitch’s total reserves stood at ₹2,764.20 crore, surpassing customer holdings of ₹2,138.64 crore, creating a surplus of ₹625.56 crore. The platform’s Proof of Reserves (PoR) ensures that every rupee and crypto held by users is fully backed by the company, maintaining a 1:1…

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10 May

Aadhar Housing Finance reports 21% growth in AUM and 22% profit increase for FY25

Business BureauBusiness

Aadhar Housing Finance Ltd has announced strong financial results for the fiscal year 2025, delivering a 21% growth in assets under management (AUM) and a 22% increase in profit after tax (PAT). The company’s AUM has surpassed Rs. 25,000 crore, reaching Rs. 25,531 crore, up from Rs. 21,121 crore in FY24. The profit after tax for FY25 stood at Rs. 912 crore, up from Rs. 750 crore in the previous year. The company’s disbursements saw a solid 16% growth, reaching Rs. 8,192 crore, reflecting the increasing demand for low-income housing finance. The gross non-performing asset (GNPA) ratio also showed improvement,…

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10 May

MCX Q4 profit rises 54% to Rs 135 crore

Priyanka RoyBusiness, News

New Delhi, Multi Commodity Exchange of India Ltd (MCX) on Thursday reported a 54.15 percent rise in consolidated net profit to Rs 135.46 crore in the fourth quarter of FY 2024-25 on the back of rise in income.The company had reported a net profit of Rs 87.87 crore a year ago, it said in a regulatory filing.Total income during the March quarter of 2024-25 rose 60.68 per cent to Rs 320.49 crore from Rs 199.45 crore a year ago.Expenses rose to Rs 152.96 crore from Rs 92.96 crore in the said period.For the full year 2024-25, the company reported over…

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09 May

Remedium Lifecare to raise Rs 49.19 cr via rights issue for expansion push

Business BureauBusiness

Remedium Lifecare Limited (BSE: 539561), a fast-growing player in pharmaceutical intermediates and specialty chemicals, has received approval from the Bombay Stock Exchange (BSE) for its ₹49.19 crore rights issue. The move is aimed at raising capital from existing shareholders to fund manufacturing expansion, R&D equipment, and meet working capital needs. As per the approved terms, the issue offers 61 equity shares for every 50 fully paid-up shares held on the record date, April 15, 2025, at ₹1 per share. A total of 49.19 crore fully paid-up shares will be issued, with the face value pegged at ₹1 each. “This approval…

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09 May

Bandhan AMC launches three India-focused feeder funds at GIFT City to attract global investors

Business BureauBusiness

Bandhan AMC Limited, one of India’s leading asset managers with an AUM of approximately USD 20 billion, has commenced operations at GIFT City through its IFSC branch, unveiling three new India-focused feeder funds. The move aims to draw global investors into India's equity and debt markets by offering access to well-established Bandhan Mutual Fund schemes. The newly launched funds include the Bandhan India Large and Mid-Cap Fund (IFSC), Bandhan India Small Cap Fund (IFSC), and Bandhan India Government Securities Fund (IFSC). Each feeder fund mirrors a corresponding domestic scheme with proven track records and substantial assets under management. CEO Vishal…

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09 May

Glenmark’s ‘Meri Poushtik Rasoi’ Season 7 boosts nutrition awareness with over 850 entries nationwide

Business BureauBusiness

Glenmark Foundation, the CSR arm of Glenmark Pharmaceuticals, in partnership with Idobro Impact Solutions, successfully hosted Season 7 of its flagship nutrition initiative Meri Poushtik Rasoi. With over 850 entries from 23 states and 4 union territories, the contest promoted traditional, nutritious, and locally sourced recipes under the theme “Bacche na rahe kuposhit, jab khana bane poushtik”. A 7-member expert panel selected 25 finalists for a grand cook-off at Mumbai’s Ramanath Payyade College of Hospitality Management Studies on April 26. Winners included Poonam Jain (Vadodara), Subhadip Dhali (Hooghly), Priyanka Talaulikar (Goa), Nehal Vinod Main (Mumbai), and Mrudul Prabhudesai (Mumbai). In…

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