Business - The Purbottar

18 Jan

India, Tanzania strengthen ties with youth skilling initiatives

Business BureauBusiness

In a bid to empower the youth of both nations, India and Tanzania have joined forces for collaborative skilling initiatives. The announcement was made during a high-level meeting hosted by the Ministry of Skill Development and Entrepreneurship (MSDE), where Shri Atul Kumar Tiwari, Secretary, MSDE, welcomed the Tanzanian delegation led by Permanent Secretary Ms. Carolyne Nombo. Tiwari emphasized the potential for mutual cooperation in sectors such as agriculture, manufacturing, and tourism, noting that Tanzania’s delegation will visit premier Indian training institutes like the National Skill Training Institute (NSTI), Noida, and Industrial Training Institute, Pusa Road. He also reflected on Tanzanian…

18 Jan

Havells shares increase, company’s Q3 revenue rises 10% to Rs 4,889 crore

editorBusiness, News

Havells India shares jumped 1.08% on January 17 after the company announced its Q3 results on January 16. The company's revenue from operations grew 10% to Rs 4,888.98 crore in Q3 FY25 as against Rs 4,413.86 crore in Q3 FY24. The shares opened 0.79% lower at Rs 1,544.95 and later recovered from the losses by hitting an intraday high of Rs 1,617.95 in the early morning hours of January 17. The stock later pared some gains and traded at Rs 1,574.15. Though the company reported a rise in revenue, its net profit declined to Rs 278 crore in Q3 FY25.…

17 Jan

Infosys reports 11.4% rise in October-December quarter

editorBusiness, News

The company's revenue grew 7.6 per cent to Rs 41,764 crore in the third quarter as against Rs 38,821 crore in the same quarter last year.India's second-largest IT services firm Infosys Ltd on Thursday reported an 11.4 per cent rise in net profit for the December quarter (Q3) of FY25 at Rs 6,806 crore as against Rs 6,106 crore in the same quarter last year.The company's revenue grew 7.6 per cent to Rs 41,764 crore in the third quarter as against Rs 38,821 crore in the same quarter last year.Infosys has raised its constant currency (CC) revenue growth guidance for…

17 Jan

Penang Roadshow 2025 targets Indian market with direct flights and visa-free travel

Business BureauBusiness

The Penang Convention & Exhibition Bureau (PCEB) has launched the 8th Edition of its “Discover Penang” roadshow, targeting India’s booming tourism and business event markets. Running from January 13 to 20, the roadshow spans Mumbai, New Delhi, Kolkata, and Chennai, drawing 200 buyers and 30 media representatives in each city. Key highlights include IndiGo Airlines’ new direct flight between Penang and Chennai, enhancing connectivity for passengers from 32 Indian cities, including Kolkata. This development simplifies travel for leisure and business travelers, offering a 30kg baggage allowance and boosting access to Penang’s diverse attractions. Additionally, Malaysia’s visa exemption for Indian nationals…

16 Jan

Isuzu Motors unveils D-MAX BEV prototype at Bharat Mobility Expo 2025

Business BureauBusiness

Isuzu Motors India marked a new milestone in sustainable mobility by unveiling the prototype of its Battery Electric Vehicle (BEV), the D-MAX BEV, at the Bharat Mobility Expo 2025. First introduced in Thailand, the concept vehicle showcases a blend of innovation and reliability, designed to cater to diverse commercial and passenger needs. Equipped with a full-time 4WD system and advanced e-Axles, the D-MAX BEV ensures robust performance on rugged terrains while delivering linear acceleration and high towing capacity. Its design reinforces Isuzu's commitment to building future-ready solutions without compromising on the durability and toughness synonymous with its pickups. Alongside, the…

16 Jan

Trident Group launches Karamyogi drive to recruit 3,000 skilled workers nationwide

Business BureauBusiness

Trident Group, a leading global conglomerate, has announced its ambitious Karamyogi Recruitment Drive, aiming to hire 3,000 skilled individuals across India. This initiative highlights the company's commitment to socio-economic development and aligns with its vision for a “Viksit Bharat” (Developed India). The recruitment drive will prioritize regions such as Madhya Pradesh (Budhni) and Punjab (Dhaula and Sanghera), with a focus on empowering women and candidates from sports backgrounds. By providing direct employment to 3,000 individuals, Trident Group aims to indirectly uplift over 15,000 family members, contributing significantly to local economies and national GDP growth. In Guwahati, the recruitment initiative has…

16 Jan

META 2025 deadline extended to January 30; invites theatre practitioners to compete for top honors

Business BureauBusiness

The 20th Mahindra Excellence in Theatre Awards (META) has extended its submission deadline to January 30, 2025, inviting theatre practitioners nationwide to compete for top honors. META, renowned for its inclusivity and innovation, will host its landmark edition at New Delhi’s Kamani Auditorium and Shri Ram Centre, celebrating two decades of theatrical excellence. The awards recognize achievements in diverse categories, including Best Play, Best Director, and Best Actor. Over 400 entries are received annually, with the top ten selected for live performances judged by a distinguished panel. This year’s milestone edition aims to set new benchmarks in showcasing the transformative…

16 Jan

Advantage Assam 2.0 Summit to drive regional growth and global investment partnerships

Business BureauBusiness

In a bid to further enhance Assam's economic landscape, Chief Minister Himanta Biswa Sarma has spearheaded efforts to position the state as a prime investment destination, ahead of the highly anticipated Advantage Assam 2.0 Summit. Scheduled for February 25-26, 2025, the summit is expected to be a key event in attracting global investments and strengthening Assam's economic ties with the ASEAN, BIMSTEC, and European Union regions. The Assam government has already begun its global outreach, with high-level delegations traveling to key international markets. The campaign kicked off with successful roadshows in Mumbai and Delhi, followed by a major push in…

16 Jan

Wholesale inflation jump to 2.37% in December

editorBusiness, News

India's wholesale inflation rose in December, led by a surge in prices of various commodities. The wholesale price index rose 2.37% in December, compared to 1.89% in November, according to data released by the Ministry of Commerce and Industry on Tuesday. On a sequential basis, the index declined 0.38%, compared to a 0.5% decline in the previous month. Global commodity prices have risen slightly so far in January 2025 compared to December 2024. ICRA Chief Economist Aditi Nayar said the average price of the Indian basket of crude oil rose 5.8% month-on-month during January 1-13, 2025, especially amid tighter US…

15 Jan

Trent shares upsurge nearly 5% after Elara Securities assigns ‘buy’ rating

editorBusiness, News

Trent shares rose 4.89 percent to Rs 6,519 per share on January 15 after Elara Securities recommended a "buy" on the stock.Elara Securities has initiated coverage on Trent with a "buy" rating and a target price of Rs 8,500. The brokerage expects Trent to maintain industry-leading metrics due to differentiated product offerings, strong hold on processes and complete reliance on private labels.Trent's fashion portfolio consistently outperforms its peers in key parameters such as store size, revenue per sq ft/per store and EBITDA margin, as well as leading in headline growth.This outperformance is expected to be sustained by a firm focus…