Business - The Purbottar

22 Jan

HDFC Bank Q3 results: Profit may rise up to 3%, NII 6-8%; know what to watch out for

editorBusiness, News

HDFC Bank Q3 results: The largest private lender is likely to report a 0-3 percent rise in net profit for the December quarter, while net interest income (NII) will grow 6-8 percent. Provisions may rise sequentially, but decline on a year-on-year (YoY) basis. Net interest margin (NIM) may remain stable, banking analysts said, adding that management commentary on loan growth will be closely watched later today. Axis Securities expects HDFC Bank to report a 2.2 per cent year-on-year (YoY) rise in net profit at Rs 16,737 crore for the December quarter, as against Rs 16,373 crore in the same quarter…

21 Jan

Bharti Airtel and Bajaj Finance have entered into a ground breaking partnership

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Bharti Airtel, one of India’s largest telecom services providers and Bajaj Finance, the country’s largest private-sector Non-Banking Financial Company (NBFC), have announced a strategic partnership to create one of India’s largest digital platforms for financial services and transform last-mile delivery. The one-of-a-kind partnership brings together Airtel’s highly engaged customer base of 375 million, 12 lakh+ strong distribution network, and Bajaj Finance’s diversified suite of 27 product lines, and distribution heft of 5,000+ branches and 70,000 field agents. Airtel will initially offer Bajaj Finance’s retail financial products on its Airtel Thanks App for seamless and secure customer experience and later through…

21 Jan

Eicher Trucks and Buses launches Pro X Range to to revolutionize last-mile logistics in India

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Eicher Trucks and Buses, a division of VE Commercial Vehicles, launched its electric-first range of Small Commercial Vehicles (SCVs), the Eicher Pro X Range, at the Bharat Mobility Global Expo 2025. The Pro X series marks Eicher’s strategic entry into the rapidly growing 2-3.5T segment, aiming to transform last-mile logistics with innovative solutions tailored to meet the demands of modern businesses. Vinod Aggarwal, MD & CEO of VE Commercial Vehicles, highlighted, "The Eicher Pro X will play a crucial role in India’s 'Viksit Bharat' journey, redefining the future of logistics." Manufactured at Eicher’s advanced Industry 4.0-enabled Bhopal plant, the Pro…

21 Jan

PM Modi applauds JSW MG Motor India’s green vision at Bharat Mobility Global Expo 2025

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Prime Minister Narendra Modi visited the JSW MG Motor India pavilion at the Bharat Mobility Global Expo 2025, themed ‘Drive. Future,’ showcasing latest advancements in sustainable and smart mobility. The event highlighted India’s growing focus on innovation and eco-friendly automotive solutions. Welcomed by Parth Jindal, Director of JSW MG Motor India, and Rajeev Chaba, CEO Emeritus, the Prime Minister explored MG Motor’s innovative electric and hybrid vehicles. Interactive exhibits featuring autonomous driving, artificial intelligence, and connected ecosystems attracted significant attention. “It is an honour to have the Prime Minister witness our commitment to a sustainable and innovative future,” said Mr.…

21 Jan

Zomato Q3 results: Net profit drops 57.2% to Rs 59 crore as against Rs 138 crore a year ago; shares fall

editorBusiness, News

Zomato Q3 results: Zomato on Monday reported a 57.24 per cent drop in its net profit to Rs 59 crore for the December 2024 quarter (Q3 FY25), according to a regulatory filing. Following this, its shares declined 7 per cent intra-day and closed at Rs 240.95 per share, down 3.14 per cent from the previous day.However, the food delivery platform's revenue grew 64 per cent to Rs 5,405 crore during October-December 2024 as against Rs 3,288 crore in the same period a year ago.Importantly, its quick commerce Blinkit, which had kept Zomato profitable in previous quarters, has reported an EBIT…

20 Jan

Havells India shares jump despite marginal drop in third quarter net profit

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Havells India Ltd shares jumped on January 20 despite the company reporting a marginal drop in net profit in the December quarter. The home appliance maker's profit fell to Rs 283 crore from Rs 288 crore a year ago in the quarter ended December 31. Havells' revenue from operations rose nearly 11% to Rs 4,883 crore, while total expenses rose 12.3% to Rs 4,564 crore. Havells India shares were trading 1.5% higher at Rs 1,598 per share at 1:35 pm on January 20. This performance reflected strong demand from its switchgear project business, but it suffered inventory de-stocking in wires…

20 Jan

NSDC receives great place to work certification for second consecutive year

Business BureauBusiness

The National Skill Development Corporation (NSDC) has been honored with the prestigious Great Place to Work® Certification for the second consecutive year, solidifying its reputation as a leader in workplace culture and employee satisfaction. Recognized under the Non-Profit and Charity category, this achievement highlights NSDC’s dedication to fostering an inclusive and innovative work environment. Ved Mani Tiwari, CEO of NSDC and Managing Director of NSDC International, expressed pride in the recognition, stating, “This certification reflects NSDC’s core values of integrity, inclusion, innovation, and impact, inspiring every member to excel. We remain committed to creating equitable opportunities and a learning-oriented environment.”…

20 Jan

OPG Mobility launches Ferrato ‘DEFY 22’ electric scooter at Bharat Mobility Global Expo 2025

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OPG Mobility, previously known as Okaya EV, has launched the highly anticipated Ferrato ‘DEFY 22’ electric scooter at the Bharat Mobility Global Expo 2025. Priced at an attractive INR 99,999 (Ex-showroom), the DEFY 22 promises to revolutionize the Indian electric scooter market with its blend of stylish design, power, and performance. Pre-bookings for the scooter began on January 17, 2025, with an initial booking fee of just INR 499. Equipped with a 1200W motor and a top speed of 70 km/h, the DEFY 22 offers a range of 80 km on a single charge. Its sleek design features a 7-inch…

20 Jan

JSW MG Motor India showcases next-gen mobility at Bharat Mobility Expo 2025

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JSW MG Motor India unveiled its vision of futuristic mobility at the Bharat Mobility Global Expo 2025, showcasing nine cutting-edge global models, including India’s first D+ segment SUV, the MG MAJESTOR. With a focus on innovation, sustainability, and technology, the brand highlighted its prowess in CASE (Connected, Autonomous, Shared, and Electric) technologies. The showcased lineup featured diverse powertrains, including Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs), and Internal Combustion Engine (ICE) models. Key models such as the IM5, IM6, MG HS PHEV, MG7 Trophy Edition, and the Comet BLACKSTORM captivated the audience. CEO Emeritus…

18 Jan

Royal Stag BoomBox 2025: A new chapter in India’s music and entertainment landscape

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Seagram’s Royal Stag BoomBox has officially announced its third edition, blending iconic Bollywood melodies with contemporary hip-hop beats. The immersive music festival, produced by Mirchi, showcased its lineup at an exclusive media preview in Mumbai. The festival aims to redefine the intersection of traditional and modern Indian music, aligning with the brand's 'Living it Large' philosophy. Set to tour major cities including Hyderabad, Mumbai, Gurugram, and Guwahati, the festival will feature headline acts and interactive experiences. Previous editions attracted nearly 100,000 attendees and garnered over 200 million views across digital platforms. This year, Royal Stag BoomBox will also introduce gaming…