Business

07 Feb

Bajaj Finserv AMC launches multi-cap fund with contrarian strategy

Business BureauBusiness

Bajaj Finserv AMC has announced the launch of its new investment vehicle, the Bajaj Finserv Multi Cap Fund, which is set to open for subscription from February 6 to February 20, 2025. This open-ended equity scheme targets investments across large cap, mid cap, and small cap stocks, applying a contrarian strategy to spot undervalued opportunities and capitalize on market inefficiencies. The fund will adopt a disciplined investment approach, focusing on sectors and companies poised for growth through cyclical economic upturns, business turnarounds, and management transitions. With a minimum 25% allocation in each market cap segment, the fund aims to deliver…

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07 Feb

HSBC Mutual Fund launches HSBC Financial Services Fund to tap into growing sector

Business BureauBusiness

HSBC Mutual Fund has announced the launch of its new open-ended equity scheme, the HSBC Financial Services Fund, targeting long-term capital appreciation by investing primarily in the financial services sector. The New Fund Offer (NFO) will open on February 6, 2025, and close on February 20, 2025. The financial services sector in India is on a strong growth trajectory, fueled by factors like increasing financial inclusion, digitalization, and evolving regulatory policies. The HSBC Financial Services Fund seeks to capitalize on these growth opportunities by investing in a diversified portfolio of companies in both the lending and non-lending segments, including banks,…

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07 Feb

Eugenix Hair Sciences: The premier hair transplant destination for cricket icons & celebrities

Business BureauBusiness

Eugenix Hair Sciences has become the gold standard in hair restoration, trusted by cricketing legends, international athletes, and Bollywood celebrities. With advanced clinics in Delhi-NCR, Mumbai, Hyderabad, and Bhubaneswar, the clinic is renowned for its pioneering hair transplant solutions, blending scientific precision with artistic expertise. Cricket icons like Mohammed Shami, Ravi Shastri, and Mohammed Azharuddin have turned to Eugenix for their transformative hair restoration procedures. Shami, who underwent a procedure with over 4,500 grafts, shared, “The results have been phenomenal. Eugenix exceeded my expectations.” Shastri, endorsing the clinic’s excellence, said, “When it comes to hair, all roads lead to Eugenix.”…

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07 Feb

Apollo Tyres Q3 profit, margins below estimates, revenue up

editorBusiness, News

Apollo Tyres' Q3 FY25 net profit fell 32.1% to ₹337.2 crore from ₹497 crore in the same period a year ago, also below CNBC-TV18 poll estimate of ₹378 crore. The drop in profitability was due to weak operating performance and margin contraction. Revenue for the quarter grew 5% year-on-year to ₹6,928 crore, higher than poll estimate of ₹6,744 crore. However, EBITDA declined 21.6% to ₹947 crore, well below the ₹1,208 crore recorded in Q3 FY24. The figure also fell short of analysts' expectations of ₹972 crore, reflecting higher input costs and lower operating efficiency. Raw material costs and competitive pricing…

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06 Feb

Nissan Magnite expands global footprint with over 10,000 units exported

Business BureauBusiness

Nissan Motor India has commenced exports of over 10,000 units of the Left-Hand Drive (LHD) New Nissan Magnite, reinforcing its ‘One Car, One World’ strategy. The first shipment of approximately 2,900 units was dispatched in January 2025 to select markets in the Latin American (LATAM) region. A second wave, comprising over 7,100 units, is set to be shipped in February 2025 to the Middle East, North Africa, and select markets in LATAM and Asia-Pacific. The New Nissan Magnite, manufactured at Nissan’s Alliance JV plant in Chennai, will now be available in over 65 global markets. Frank Torres, Divisional Vice President…

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06 Feb

Vi launches ‘Number Rakshak’ at MahaKumbh to reunite separated pilgrims

Business BureauBusiness

To address the recurring issue of pilgrims getting lost during the MahaKumbh, leading telecom operator Vi has launched the ‘Vi Number Rakshak’ initiative. The program provides Rudraksh and Tulsi bead bracelets engraved with personal emergency contact numbers, ensuring quick reunification of separated individuals. Every KumbhMela witnesses thousands of people losing contact with their families amid massive crowds. In 2013, around 70,000 individuals were reported missing during the PrayagrajKumbh. This year, over 250 cases were reported on the first day alone. With millions expected to gather at TriveniSangam for the ShahiSnan in February, Vi’s initiative offers a simple yet effective solution…

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06 Feb

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

Business BureauBusiness

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…

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06 Feb

PNB Home Loan Expo 2025 offers golden opportunity for homebuyers

Business BureauBusiness

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…

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06 Feb

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

editorBusiness, News

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…

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05 Feb

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

editorBusiness, News

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…

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