Business

14 Jun

SpiceJet Q4 results: PAT upsurge 174% y-o-y to ₹324.87 crore; posts first annual profit in seven years

Priyanka RoyBusiness, News

SpiceJet on Saturday reported a nearly three-fold jump in its standalone net profit for the fourth quarter of FY25. The budget carrier reported a standalone net profit of ₹324.87 crore in the March 2025 quarter, a 174% rise from ₹118.9 crore in the corresponding quarter of the previous fiscal. The company's operating revenue declined 16% y-o-y to ₹1,446.37 crore from ₹1,719.37 crore in the fourth quarter of FY25. SpiceJet achieved a passenger load factor (PLF) of 88.1% in Q4FY25, while revenue per available seat kilometre (RASK) stood at ₹5.33 during the quarter. SpiceJet FY25 Results For the full financial year…

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14 Jun

SATYA MicroCapital’s collateral-free loans uplift rural women entrepreneurs in Assam

Business BureauBusiness

SATYA MicroCapital Limited, a leading microfinance institution in India, is driving financial inclusion for rural women in Assam through its collateral-free loan model. The company has supported over 1.6 million women across rural and semi-urban India, enabling them to start small businesses and achieve financial independence. In Biswanath, Sumitra Devi, once a homemaker, became an entrepreneur with a ₹40,000 loan from SATYA. Unable to access formal credit due to lack of collateral, Sumitra launched a tailoring business from her home. With steady repayments, she qualified for higher loans, expanded her inventory, and now earns about ₹1,100 per day. She has…

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14 Jun

Škoda Auto gears up for landmark 2025 with bold India growth strategy

Business BureauBusiness

Škoda Auto India has unveiled a comprehensive roadmap to strengthen its presence in the Indian automotive sector, targeting 2025 as its “biggest year” yet. Celebrating 130 years globally and 25 years in India, the company aims to accelerate growth through a robust product lineup, rapid network expansion, and enhanced customer engagement. Brand Director Ashish Gupta emphasized India’s strategic importance, stating, “India is the most important growth market for Škoda Auto outside Europe. With clarity of vision and agility in execution, 2025 will mark a major leap for us in India.” Škoda’s aggressive product strategy includes expanding its SUV portfolio —…

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14 Jun

ISUZU launches nationwide Monsoon Service Camp from June 16–21

Business BureauBusiness

Isuzu Motors India has announced its nationwide ‘ISUZU I-Care Monsoon Service Camp’, scheduled from June 16 to 21, 2025. The initiative will cover the entire range of ISUZU D-MAX Pick-ups and SUVs, offering preventive maintenance and attractive service benefits across all authorised dealer outlets in India. As part of its ISUZU Care programme, the Monsoon Camp aims to ensure a safe and hassle-free driving experience for customers. The camp will be held at ISUZU’s extensive network of service facilities in over 75 locations, including major cities such as Chennai, Hyderabad, Kolkata, and Delhi. As local ISUZU owners prepare their vehicles…

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14 Jun

IFL Enterprises Launches ₹49.14 Crore Rights Issue

Business BureauBusiness

The Rs. 49.14 crore Rights Issue of IFL Enterprises Limited (BSE – 540377), has engaged in the agri commodity business including import, export and trading of agri commodities, will open for subscription on June 19, 2025 and remain open till June 30, 2025. The Rights Issue is attractively priced at Rs. 1 per share, offering existing shareholders an opportunity to increase their equity in the company. Board of directors in the meeting held on June 9 2025 considered and approved the rights issue. Earlier, Board of directors of the company on 30th December, 2024 and Draft Letter of Offer dated…

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13 Jun

Jana Small Finance Bank seeks Universal Bank status, eyes broader financial role

Business BureauBusiness

Jana Small Finance Bank (Jana SFB), one of India’s largest small finance banks, has formally applied to the Reserve Bank of India (RBI) for a Universal Banking license, marking a strategic step in its expansion roadmap. The move comes as Jana SFB aims to widen its service offerings and transition into a full-spectrum bank. “Applying for a Universal Banking license is a natural progression,” said Ajay Kanwal, MD & CEO of Jana SFB. “We aim to be the Anchor Bank to a Rising and Atmanirbhar India.” Since obtaining its SFB license in 2017, Jana has built a solid deposit and…

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13 Jun

Kriti Sanon sparks wellness buzz with mysterious green tea moment on set

Business BureauBusiness

Bollywood actress Kriti Sanon has ignited a fresh wave of curiosity among fans and wellness enthusiasts alike — not with a film release, but with a rather unusual green tea moment captured on set. In a recent behind-the-scenes glimpse, Sanon was seen sipping a cup of what appears to be more than just ordinary green tea. The image, which quickly went viral, has set social media ablaze with speculation ranging from new fitness routines to possible wellness ventures. Hashtags like #NotYourRegularGreenTea and #WellnessDisrupted have only fuelled intrigue around what’s being dubbed a “wellness disruption.” While no official announcement has been…

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13 Jun

Godrej’s Pride@2025 moves beyond symbols to empower LGBTQIA+ voices and businesses

Business BureauBusiness

Godrej Industries Group marked a vibrant and inclusive Pride@Godrej 2025 celebration, going beyond symbolic gestures to amplify authentic LGBTQIA+ voices through storytelling, entrepreneurship, and cultural expression. The event featured a spirited Pride March at its Godrej One headquarters, led by Manish Shah, MD of Godrej Capital, joined by senior leaders and employees worldwide in a show of solidarity. A key milestone was the launch of Queer Directions, a dedicated publishing imprint in collaboration with Westland Books, aimed at uplifting queer narratives. The Pitch Bazaar connected aspiring queer authors with publishers and media professionals, while the Queer Bazaar provided a platform…

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13 Jun

ICICI Bank and TMC lay foundation for Rs 550-cr cancer care block in Visakhapatnam

Business BureauBusiness

ICICI Bank and Tata Memorial Centre (TMC) have jointly laid the foundation stone for a state-of-the-art cancer care block at the Homi Bhabha Cancer Hospital and Research Centre (HBCHRC) in Visakhapatnam. With an investment of over ₹550 crore, the upcoming ICICI Foundation Block for Child and Blood Cancer will significantly boost specialised healthcare capacity in eastern India. Spanning nearly 3.9 lakh sq ft, the eight-storey facility will house 215+ beds and is projected to treat over 3,000 patients annually upon completion in 2027. The project is part of ICICI Bank’s expanded ₹1,800 crore commitment to TMC, which includes similar cancer…

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13 Jun

India’s retail inflation upturn to 2.82% in May, lowest in 6 years: Government data

Priyanka RoyBusiness, News

India's retail inflation fell to 2.82% in May from 3.16% in April, the lowest year-on-year rise in consumer prices since February 2019, government data showed on Thursday. This is the fourth consecutive month that inflation has been below the RBI's 4.0% medium-term target, the longest streak in nearly six years. The decline was mainly due to a sharp fall in food inflation, which eased to 0.99% in May from 1.78% in the previous month amid lower prices of pulses, vegetables, fruits, cereals, eggs, sugar and household goods. "The significant decline in core inflation and food inflation in the month of…

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