Business

Forvia shares upsurge as it strikes new supply deals with Xiaomi and BYD: Report

Forvia shares upsurge as it strikes new supply deals with Xiaomi and BYD: Report

France-based car parts supplier Forvia said on Monday it had struck new deals with BYD and Xiaomi, sending its shares up 10%, Reuters reported.Forvia hopes its new contracts with Chinese manufacturers will help it meet waning auto demand from domestic manufacturers, Newswire reported. It has also struck deals with Chinese auto makers Li Auto and Chery, Newswire reported."Xiaomi is now one of the major telcos entering the EV and car market, and it's great that we are able to expand our reach to Chinese manufacturers with the latest products," Forvia's finance chief Olivier Durand said at an investor conference.The company…
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Bepanthen launches in India amid rising dry skin concerns

Bepanthen launches in India amid rising dry skin concerns

Bayer’s Consumer Health Division has launched Bepanthen, the world’s leading skincare brand, in India, addressing the growing concern of dry skin that affects nearly 1 in 2 Indians. A recent survey by Ipsos reveals that 82% of dermatologists report their patients feel anxious about public appearances due to dry skin, while 88% link skin flare-ups to environmental factors, highlighting an urgent need for specialized skincare solutions. The Bepanthen Dry Skin Survey conducted across seven cities underscores a significant knowledge gap among adults regarding the management of recurrent dry skin conditions, with 75% of dermatologists identifying individuals aged 25 to 40…
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TAFE secures favorable interim injunction in Massey Ferguson Brand dispute

TAFE secures favorable interim injunction in Massey Ferguson Brand dispute

Tractors and Farm Equipment Limited (TAFE) has achieved a significant legal victory in its ongoing dispute over the ownership rights of the Massey Ferguson brand. The Hon’ble Madras High Court granted TAFE an interim injunction against AGCO's subsidiary, Massey Ferguson Corporation, affirming that the Massey Ferguson trademarks are distinctively owned by TAFE in India. The court order, issued on October 17, 2024, restrains AGCO from interfering with TAFE's exclusive use of the Massey Ferguson brands pending the suit's resolution. TAFE, one of the largest tractor manufacturers globally, sells over 180,000 tractors annually, earning customer trust through quality and low operating…
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Exclusive Handloom Exhibition-Cum-Sale to Begin in Kolkata on 22 October 2024

Exclusive Handloom Exhibition-Cum-Sale to Begin in Kolkata on 22 October 2024

The city is set to witness a grand celebration of India’s rich textile heritage with the upcoming Special Handloom Expo. The National Design Centre (NDC) under the support of Development Commissioner (Handlooms), Ministry of Textiles, Government of India organizing this special Expo at the Biswa Bangla Exhibition Centre, New Town, Kolkata, from 22nd to 28th October 2024.  The expo timings are  11:00 AM to 8:00 PM daily. This Special expo is a  major marketing expo dedicated to traditional Indian handloom products from all over India. This expo will feature 75 handloom weavers, Self-Help Groups (SHGs) and Co-Operative societies from across the country, showcasing the rich diversity of India’s textile heritage. This week-long exhibition will showcase enchanting weaves from across India produced by weavers,…
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GoDaddy launches AI-Powered Airo solution to empower Indian entrepreneurs

GoDaddy launches AI-Powered Airo solution to empower Indian entrepreneurs

GoDaddy has unveiled its latest innovation, GoDaddy Airo™, an AI-driven solution designed to help small business owners streamline their online presence and attract new customers. With 94% of Indian entrepreneurs believing that AI can positively impact their bottom line, GoDaddy aims to tackle the barriers many face in adopting this technology. Key obstacles include a lack of awareness about available solutions (50%), understanding the benefits (45%), concerns over potential costs (43%), and limited time for implementation (29%). GoDaddy Airo™ simplifies the process of establishing an online identity, offering features such as catchy domain name suggestions, customizable logo designs, and fully…
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Duroply achieves E0 emission compliance for safer home interiors

Duroply achieves E0 emission compliance for safer home interiors

Duroply, one of India’s leading plywood manufacturers, has announced that its entire range of products is now compliant with the stringent E0 emission norms. This compliance is particularly significant as the adhesives used in traditional wood products like plywood, blockboards, doors, and veneers can emit harmful gases. By adopting E0 emission compliant adhesives, Duroply ensures that its wood products are safer for families, significantly reducing indoor air pollutants. Abhishek Chitlangia, President of Manufacturing at Duroply, emphasized the company’s commitment to customer safety and ecological responsibility. “We place our esteemed customers at the center of our strategy, ensuring our products create…
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Toyota’s Urban Cruiser Taisor Limited Edition: The perfect festive companion

Toyota’s Urban Cruiser Taisor Limited Edition: The perfect festive companion

Adding to the festive fervour, Toyota Kirloskar Motor (TKM) has announced the Limited Edition of its highly popular model - Urban Cruiser Taisor. This special edition, designed with a focus on enhancing style, and premium-ness, comes with a well curated Toyota Genuine Accessories (TGA) package to elevate delight and excitement to customers. Available across all Turbo variants, the Limited Edition comes with a comprehensive TGA package of ₹20,160 enhancing both the exterior and interior of the versatile UC Taisor. Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, “At Toyota, our efforts have always been centered…
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India expels Canadian diplomats in retaliation for Nijjar accusations

India expels Canadian diplomats in retaliation for Nijjar accusations

India has expelled six Canadian diplomats, including Acting High Commissioner Stewart Ross Wheeler, in response to Canada's allegations linking Indian diplomats to the June 2023 assassination of Khalistan supporter Hardeep Singh Nijjar. The Ministry of External Affairs (MEA) has set a deadline for their departure by 11:59 p.m. on October 19. India's decision comes after a series of unfounded accusations from the Canadian government, which the Indian government has strongly rejected. The MEA stated that the Trudeau administration's actions compromise the safety of Indian diplomats amid rising extremism and violence. "We no longer trust the current Canadian government's commitment to…
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Kotak Mahindra Bank Q2 results preview: Net profit expected to upsurge 10%

Kotak Mahindra Bank Q2 results preview: Net profit expected to upsurge 10%

Kotak Mahindra Bank is scheduled to announce its second quarter results on Saturday (October 19). Analysts expect key financial parameters to grow compared to last year.They expect the bank's net interest income (NII) to reach ₹6,996.9 crore, representing a growth of 11.1% from ₹6,296.6 crore.Profit after tax (PAT) is estimated at ₹3,513 crore, showing a growth of 10.1% from ₹3,191 crore.Investors will be watching key areas closely during this earnings announcement.The focus will be on business momentum, particularly with respect to deposit and loan growth rates. Movements in net interest margin (NIM) will serve as a key indicator of profitability.Additionally,…
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Tata Chemicals reports 46% year-on-year decrease in Q2 net profit

Tata Chemicals reports 46% year-on-year decrease in Q2 net profit

On Thursday (October 17), Tata Chemicals Ltd announced a 46.1% year-on-year (YoY) decline in net profit to ₹267 crore for the second quarter ended September 30, 2024.According to regulatory filings, Tata Chemicals reported a net profit of ₹495 crore in the previous fiscal quarter. The company's revenue from operations remained stable at ₹3,999 crore compared to ₹3,998 crore in the previous fiscal year.EBITDA in the second quarter of this fiscal declined by 24.5% to ₹618 crore from ₹819 crore in the same period last year.In the reporting quarter, the EBITDA margin was 15.5%, lower than 20.5% in the same period…
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