Business – Page 35 – The Purbottar

15 Jul

L&T Tech Services shares zoom over 17 pc after Q1 earnings

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Shares of L&T Technology Services (LTTS) on Thursday zoomed over 17 per cent after the company reported a massive jump in its June quarter net. At 1.54 pm, LTTS stock zoomed 17.72 per cent to Rs 3,426, with its 52-week high of 3447.35 at the BSE. L&T Technology Services on Wednesday reported an 84 per cent jump in its June quarter net at Rs 216.2 crore, largely on widening margins. The company, the engineering and research and development services arm of the infra major L&T, had posted a net profit of Rs 117.2 crore in the year-ago period. Its overall…

14 Jul

Adani Group in-charge of management Mumbai Int’l Airport after clearance from CIDCO, GoM

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The Adani Airport Holdings Ltd (AAHL) has taken over the management control of Mumbai International Airport Limited (MIAL), India’s second busiest airport by both passenger and cargo traffic, from the GVK Group following a board meeting of MIAL held on Tuesday, as per a statement issued by its parent company Adani Enterprises Limited. This new move is in line with approvals were received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra. MIAL is India’s second busiest airport both in terms of passenger and cargo traffic. With eight airports under…

14 Jul

No fuel price hike for 2nd day in a row

editor0 CommentsBusiness, IndiaBusiness, Fuel

The oil marketing companies kept the retail price of petrol and diesel unchanged on Wednesday, the second consecutive day of no change, to analyse the global oil price movement before making further revisions. After crossing $77 a barrel, global crude prices have softened a bit with differences surfacing in oil cartel OPEC over continuation of production cuts and demand concerns over rising Covid cases in several European countries. With price pause on Wednesday, petrol continues to be priced at Rs 101.19 a litre and diesel at 89.72 a litre in the national capital. On Monday, oil companies had raised the…

14 Jul

ICICI Foundation to donate oxygen concentrators

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ICICI Foundation for Inclusive Growth (ICICI Foundation), the CSR arm of the ICICI Group, announced that it is donating over 350 oxygen concentrators to help augment critical health infrastructure in semi-urban and rural areas of the North Eastern states of the country. ICICI Foundation is providing these machines free-of-cost to sub-divisional hospitals spread across 43 districts in Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Sikkim. The donation is aimed at providing citizens with immediate oxygen support in the event of a medical emergency. This is part of ICICI Foundation’s initiative to donate 1800 oxygen concentrators to hospitals in the tough…

13 Jul

Jawa introduces Khakhi & Midnight Grey colours

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This year marks the 50th anniversary of the 1971 war victory and Jawa Motorcycles has come to the fore to offer a tribute to the gallantry of the Forever Heroes. Continuing its #ForeverHeroes initiative, the brand has introduced two new colours of its modern classic Jawa to commemorate the 50th Anniversary of the 1971 war victory. To further contribute to the ‘Swarnim Vijay Varsh’ celebrations along the year, Jawa Motorcycles will be a part of various celebratory rides with the Indian Army that mark important landmark occasions like Kargil Vijay Diwas, Battle of Turtuk and Battle of Longewala, with the…

13 Jul

Hero Electric raises growth capital of Rs.220-Cr

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Hero Electric Vehicles Private Limited, India’s largest electric vehicles maker announced the first part of their Series B funding of Rs.220-Crore. Gulf Islamic Investments (GII) led the round along with participation from OAKS. The company will direct this investment towards the objective of further supporting the EV industry and ecosystem. Avendus Capital was the exclusive financial advisor to Hero Electric on the transaction. V’Ocean Investments has been advised by OAKS Asset Management Pvt. Ltd. (OAKS) on the investment. The electric 2-wheeler market leader will allocate this investment towards expanding production capacity, consolidating market position to strengthen market leadership, invest in…

13 Jul

Prime Day 2021 in India on July 26 & 27

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Amazon’s annual Prime Day event will be held in India on July 26 and 27. The two-day event starting midnight on July 26, will deliver best deals and savings across categories, including Smartphones, Consumer Electronics, TVs, Appliances, Amazon Devices, Fashion & Beauty, Home & Kitchen, Furniture, Everyday Essentials and more to Prime members. On Prime Day, members will have the opportunity to enjoy deals on unique products across categories. During the lead-up to Prime Day, lakhs of SMBs on Amazon are creating special deals for customers from July 8, till July 24. On Prime Day, members get 10% instant discount…

13 Jul

Instamojo launches Northeast Launchpad

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Instamojo, India's largest DIY e-commerce website builder launched Northeast Launchpad, a first-of-its-kind initiative to identify and support the growth of budding entrepreneurs from India’s North East region. The online business planning event is aimed to give aspirants a real-world experience in order to fine-tune their business goals, along with mentoring sessions on raising funds, marketing, compliance and commercialization of products. The best business plan stands a chance to win a cash grant from Instamojo along with other benefits worth Rs.10-lakh and more. The winner will also be eligible for direct entry to the AIC-SMUTBI incubation program. Instamojo is a Do-It-Yourself…

12 Jul

MSIL customers to get online car finance

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Maruti Suzuki India Limited (MSIL) customers can now finance their cars online, anywhere and anytime, with Maruti Suzuki Smart Finance (MSSF). Maruti Suzuki Smart Finance is now made available for ARENA as well as NEXA customers. It covers a wide range of profiles to meet the demands of a diverse range of customers. MSSF was rolled out in limited cities in December 2020. Since its launch, it has seen over 25-lakh customer visits. Maruti Suzuki Smart Finance is a one-stop online finance portal that empowers customers to transform their car buying experience with a host of options. These options include…

12 Jul

Mahindra launches new Supro Profit Truck range

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Mahindra & Mahindra Limited, one of the leading automobile companies in India and the world’s largest tractor company by volume, launched its new range of Supro Profit Trucks. Developed on the successful Supro platform, this new range of cargo mover is affordable, more powerful, boasts of a greater payload capacity and higher mileage that assures higher profit to the customers. Supro Profit Truck also comes with very attractive finance options. Customers can avail loan tenure up to 5 years and lower IRR starting from 12.99% onwards which helps in lowering EMI for customers. Customers can also avail upto100% loan on…