Business - The Purbottar

06 Feb

UE LifeSciences, CRH Manipal conduct first painless breast cancer screening camp in Sikkim

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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…

06 Feb

PNB Home Loan Expo 2025 offers golden opportunity for homebuyers

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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…

06 Feb

Angel One shares progress 7% after firm’s January business update

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Angel One shares jumped nearly 7 percent on February 5 after the brokerage released its January business update. At 11.27 am, the shares were trading at Rs 2,503 per share. The company announced in its business update that its client base has grown 48 percent year-on-year to 3.01 crore in January 2025. This also reflects a 2 per cent growth from the 2.95 crore client base recorded in December 2024. Meanwhile, its average client funding book grew 87 per cent year-on-year to Rs 4,199 crore. This is 3 percent higher than the average client funding book of Rs 4,072 crore…

05 Feb

Thomas Cook shares plunge 12%, firm’s Q3 net profit drops 40% to Rs 50 crore

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Thomas Cook shares fell over 12 percent on February 4, a day after the company announced its Q3 FY25 earnings results. The company reported a massive drop of nearly 40 per cent in its Q3 net profit after market close on February 3. Shares of Thomas Cook (India) Ltd are trading at Rs 143.95 at 11.24 am. This represents a decline of 12.01 percent from the stock's previous close price. Thomas Cook's consolidated results for the quarter ended December 2024 saw a rise in sales, growing 8.87 percent to Rs 2,061.01 crore as compared to Rs 1,893.13 crore in the…

05 Feb

Oesophageal Cancer cases surge in Northeast, experts call for advanced medical technologies

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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%…

05 Feb

The Union Budget 2025-26 reflects a strategic push

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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…

05 Feb

Budget 2025: A boon for farmers, says Godrej Agrovet leaders

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The 2025 budget has been lauded by Godrej Agrovet leaders as a significant step towards strengthening India's agricultural sector and empowering farmers. Balram Singh Yadav, Managing Director, emphasizes the budget's comprehensive strategy, highlighting initiatives like increased Kisan Credit Card loan limits and the push for self-reliance in pulses and edible oils. He believes these measures will be instrumental in achieving a "Viksit Bharat." Rajavelu N.K., CEO of Godrej Agrovet's Crop Protection Business, praised the focus on crop productivity and protection, particularly the Mission for Cotton Productivity and the Prime Minister Dhan Dhanya Krishi Yojana. He stressed the importance of integrating…

05 Feb

Budget 2025: A boost for skills, startups and rural India

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The Union Budget 2025, unveiled on February 1st, focuses on investing in people, innovation, and rural prosperity, aiming for inclusive growth and a sustainable future. Hon'ble Minister Jayant Chaudhary emphasized the budget's forward-looking vision, highlighting tax reforms, support for key sectors like agriculture and MSMEs, and a focus on skills development. Tax relief for individuals earning up to Rs. 12 lakh was also announced. The budget prioritizes skilling and education, with initiatives like 50,000 Atal Tinkering Labs, BharatNet expansion, and skill development programs. Five National Centres of Excellence for Skilling will be established, focusing on global standards and "Make…

04 Feb

Greaves Electric Mobility sees sales jump in January

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Greaves Electric Mobility Ltd (GEML), the e-mobility arm of Greaves Cotton Ltd, reported robust sales in January. Under the company's flagship Ampere brand, it sold 3,611 units in January, making it the 5th best-selling electric two-wheeler brands in India, according to the vehicle portal. The manufacturer reported a 53% year-on-year growth and a 27% month-on-month growth, driven primarily by sales of its premium family electric scooters - Nexus and Magnus Neo. Overall, retail growth for Ampere (including slow-speed vehicles) stood at 38% month-on-month, which is higher than the industry growth average. The Magnus Neo, the updated variant of the recently…

03 Feb

UPL shares upgrade 5% after Investec rose rating to ‘buy’, raises price target to Rs 700

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UPL shares jumped over 5 per cent after global brokerage Investec upgraded its rating on the stock to 'buy' from an earlier 'sell' call, and hit a 52-week high of Rs 636.80 on February 3. Apart from the rating upgrade, Investec also raised its price target for the stock to Rs 700, significantly higher than the previous target of Rs 450. Investec's optimism towards UPL is driven by expectations that the company will successfully reduce its overall debt levels in FY25. UPL's net debt stood at Rs 27,531 crore as of September 2024. The brokerage is also confident that UPL…