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Startup and MSME patent filings rise 310% in 5 years
25 Apr

Startup and MSME patent filings rise 310% in 5 years

Priyanka RoyBusiness, News
New Delhi, Patent filings by startups and MSMEs have increased by 310 percent in the last 5 years, from 1,492 in 2018-19 to 6,120 in 2023-24, an official said on Thursday.N Ramachander, Joint Controller General of Patents, Designs and Trademarks, further informed that more than 2.4 million students and teachers across India have been educated about IP rights in about three years through the National Intellectual Property Awareness Mission launched in 2021.Addressing an event organised by Assocham, he informed that there has been a 116 percent increase in the filing of patent applications in India, from 42,763 in 2014-15 to…
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Aluminium futures decrease on weak demand
24 Apr

Aluminium futures decrease on weak demand

Priyanka RoyBusiness, News
New Delhi, Apr 24 Aluminium prices fell marginally to Rs 236.25 per kg in the futures market on Thursday as participants cut their positions following a weak trend in the spot market.Aluminium contracts for May delivery fell marginally by 5 paise, or 0.02 per cent, to Rs 236.25 per kg on the Multi Commodity Exchange in a business turnover of 4,197 lots.Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.
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HUL Q4 results: PAT, revenue may rise 2% YoY;
23 Apr

HUL Q4 results: PAT, revenue may rise 2% YoY;

Priyanka RoyBusiness, News
HUL Q4 results preview: Hindustan Unilever, the owner of brands such as Dove, Vim, Surf Excel and Horlicks, is scheduled to release its fourth quarter earnings on Thursday, April 24, 2025. HUL Q4FY25: Profit expectations Brokerages tracked by Business Standard estimate HUL's adjusted profit after tax (PAT) at ₹2,447.57 crore on average, indicating a 2.15 percent year-on-year (Y-o-Y) growth compared to ₹2,396 crore a year ago. On a quarter-on-quarter (Q-o-Q) basis, PAT is expected to decline 3.64 percent. HUL Q4FY25: Revenue Expectations The company's revenue for the fourth quarter ended March 31, 2024 is estimated to average ₹14,966.97 crore as…
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Hyundai SUV sales jump: 68.5% in FY25
22 Apr

Hyundai SUV sales jump: 68.5% in FY25

Priyanka RoyBusiness, News
New Delhi, Hyundai Motor India on Monday said SUVs accounted for 68.5 percent of its total sales last fiscal, marking a growth of 8 percent over FY23-24.The company expects the contribution of SUVs to cross 70 percent in a year.In FY25, the automaker reported sales of 7,62,052 units as against 7,77,876 units in FY24.Its domestic sales stood at 5,98,666 units in the last fiscal, while export shipments stood at 1,63,386 units.Hyundai said it has witnessed a significant shift in customer preference, with penetration of sunroof-equipped vehicles rising to 53 percent, underlining a growing preference for premium features."FY 2024-25 has been…
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Jan Dhan deposits increase to Rs 2.63 lakh crore
21 Apr

Jan Dhan deposits increase to Rs 2.63 lakh crore

Priyanka RoyBusiness, News
As of April 9, 2025, deposits in Pradhan Mantri Jan Dhan Yojana (PMJDY) bank accounts rose to Rs 2.63 lakh crore, an all-time high. It also shows that the average cash deposit per account was at an all-time high of Rs 4,760.Overall there are 552.8 million PMJDY accounts, with a total of 379.8 million RuPay debit cards issued. The total balance in these accounts is Rs 2,63,145 crore, as against Rs 2,34,997 crore a year ago.Though it was estimated that these accounts were opened primarily to receive government benefits, these accounts have been a major source of low-cost funds for…
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ICICI Bank Q4 Results Preview: Net profit upsurge over 10% on loan growth, NII growth seen at 9%
19 Apr

ICICI Bank Q4 Results Preview: Net profit upsurge over 10% on loan growth, NII growth seen at 9%

Priyanka RoyBusiness, News
ICICI Bank Q4 Results Preview: ICICI Bank will announce its January-March quarter results for the financial year 2024-25 (Q4FY25) on Saturday, April 19, 2025, after performing well in the previous quarter due to better asset quality and loan growth. Most D-Street analysts and domestic brokerages forecast a decent and steady growth in Q4FY25 for India’s second-largest lender by market capitalisation, driven by loan growth and deposits. An average brokerage estimate indicates that ICICI Bank’s net profit is likely to grow 10-12 percent in the March quarter, while net interest income (NII) growth is estimated to be over nine percent. Net…
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Gold imports surge 192% in March amid record prices
18 Apr

Gold imports surge 192% in March amid record prices

Priyanka RoyBusiness, News
According to Commerce Ministry data, India's gold imports in March 2025 rose 192.13 percent year-on-year to USD 4.47 billion, reversing the previous trend of negative growth.This sharp jump is mainly attributed to the significant increase in gold prices and investors' renewed interest in the yellow metal as a safe-haven. Gold imports stood at USD 1.53 billion in January 2024, showing a sharp jump over the last two months. On a full-year basis, gold inbound shipments grew 27.27 percent to USD 58 billion in 2024-25 from USD 45.54 billion in the previous fiscal.The rise in demand reflects investors' growing preference for…
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Gold futures hit record high of Rs 94,781 per 10 grams
17 Apr

Gold futures hit record high of Rs 94,781 per 10 grams

Priyanka RoyBusiness, News
New Delhi, Gold prices hit an all-time high of Rs 94,781 per 10 grams in futures trade on Wednesday in line with a strong global trend.On the Multi Commodity Exchange, contracts for June delivery hit a record high of Rs 94,781 per 10 grams in early trade.Later, the gains narrowed by Rs 1,317 or 1.41 percent to Rs 94,768 per 10 grams, with an open interest of 21,211 lots.Analysts say the ongoing US-China trade war has fuelled safe-haven demand."The dollar remained under pressure and was trading near a two-year low, which further fuelled the rally in gold," said Rahul Kalantri,…
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Vedanta shares jump 3% after talks with Assam CM on Rs 50,000 crore investment plan
16 Apr

Vedanta shares jump 3% after talks with Assam CM on Rs 50,000 crore investment plan

Priyanka RoyBusiness, News
Shares of mining major Vedanta jumped over 3 per cent on April 15, a day after Assam Chief Minister Himanta Biswa Sarma held talks with the company to draw up a detailed plan for the group's Rs 50,000 crore investment in the state.Speaking at the Advantage Assam Summit in February, Vedanta Group Chairman Anil Agarwal had said the group would invest Rs 50,000 crore in the oil and gas sector of Assam and Tripura in the next 3-4 years.Assam Chief Minister Himanta Biswa Sarma took to Twitter to share an update and said, "In Advantage Assam 2, we received investment…
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UPI transactions rise to 18.3 billion in March
14 Apr

UPI transactions rise to 18.3 billion in March

Priyanka RoyBusiness, News
India's Unified Payments Interface (UPI) recorded a robust 13.6 percent growth in transaction volumes in March, hitting a new peak of 18.30 billion transactions, according to the latest data released by the National Payments Corporation of India (NPCI). While the top five UPI apps - PhonePe, Google Pay, Paytm, Navi and Super.money - retained their rankings, Axis Bank moved to the sixth spot, overtaking fintech unicorn CRED, which slipped to the seventh spot. This shift follows a similar pattern seen in February, when Super.money displaced CRED to enter the top five. In March, Axis Bank's growth was driven by a…
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