Business

23 Nov

LG Electronics once again receives the prestigious ‘Great Place To Work®’ certification

Business Bureau0 CommentsBusiness

LG Electronics India Private Limited (LGEIL) has once again been awarded the prestigious ‘Great Place To Work®’ certification, marking the second consecutive year that LG Electronics India has earned this esteemed recognition. Great Place To Work is the global authority on workplace culture. Their mission is to help every place become a great place to work for all. Their recognition is known for elevating employer brands to attract the right people. Receiving this certification for the second time is a testament to LG Electronics India’s ongoing efforts to create a healthy workplace environment. Commenting on this milestone, Mr. Hong Ju…

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23 Nov

Gap’s net sales progress 2 percent in third quarter

Priyanka Roy0 CommentsBusiness, News

US-based apparel giant Gap has reported a 2 percent increase in its net sales in the last quarter of this year. Sales in the third quarter rose to US$3.8 billion compared to last year's sales. The company's strong third quarter results have raised its full-year forecasts for net sales, gross margin and operating income. Gap Inc. Chairman and CEO Richard Dixon said, "I am pleased to report that Gap Inc. has again recorded a strong quarter, increasing net sales for the fourth consecutive quarter, gaining market share for all brands and significantly increasing operating profit." Although store sales declined 2…

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22 Nov

NLC India shares expansion 5% after it emerges as top bidder for Odisha coal mine

Priyanka Roy0 CommentsBusiness, News

NLC India shares rose up to 5 per cent on November 22 after the company announced it had emerged as the highest bidder (H1) for the New Patrapara South coal mine in Odisha's Angul district. The designation is given by the coal ministry following the commercial coal block e-auction conducted on November 21.At 2:50 pm, NLC India shares were trading 4 per cent higher at Rs 263. While the stock has gained 5 per cent so far this year, it has underperformed the Nifty 50, which has gained 9 per cent during the same period. Today marked the fourth consecutive…

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21 Nov

Average home price in top 7 Indian cities hits Rs 1.23 crore, upsurge 23%

Priyanka Roy0 CommentsBusiness, News

Due to a surge in disposable income and private consumption, the average price of homes sold in the top seven cities stood at Rs 1.23 crore in the first six months of this fiscal, as against Rs 1 crore in the same period of FY24, a growth of 23 per cent (year-on-year), according to a report on Wednesday. These cities have witnessed record new launches and sales of expensive homes amid rising demand for luxury homes post the pandemic, according to data from Anarock Group. “Over 2,27,400 units worth approximately Rs 2,79,309 crore were sold across the top 7 cities…

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20 Nov

Equity investments in Indian real estate set to grow 49% this year to record $11 billion: CII-CBRE

Priyanka Roy0 CommentsBusiness, News

Equity investments in Indian real estate are set to grow 49 per cent to $11 billion this calendar year amid strong demand for properties, according to a report by Confederation Indian Industries (CII) and real estate consultancy firm CBRE. In the 2023 calendar year, equity investments in real estate stood at $7.4 billion. Debt financing in the sector has also reached a record high, rising to over $4.7 billion from January to September 2024, marking a more than two-fold increase year-on-year, the report said. It noted that nearly 60 per cent of this debt financing targeted key markets, including Delhi-NCR,…

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19 Nov

HCG announces a research collaboration with Trucan Diagnostics Private Limited

Business Bureau0 CommentsBusiness

HealthCare Global Enterprises Limited (HCG), a leader in cancer care, has partnered with Trucan Diagnostics Pvt Ltd, an innovative startup specializing in cancer diagnostics, to pioneer next-generation diagnostic tests aimed at improving cancer detection and treatment personalization.The collaboration will focus on validating advanced biomarker-driven tests developed by Trucan, which utilize next-generation sequencing to detect primary, recurrent, and metastatic cancers. These tests are designed to predict therapy response before treatment and monitor patient progress during chemotherapy or targeted therapy. The data generated will support integration of these diagnostics into routine clinical practices, enhancing precision oncology capabilities. Dr. B.S. Ajaikumar, Executive Chairman…

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19 Nov

Hero MotoCorp share price flourish 5% after it reported a 6% rise in Q2 net profit to ₹1,066 crore

Priyanka Roy0 CommentsBusiness, News

Hero MotoCorp share price: Shares of Hero MotoCorp, India's largest two-wheeler maker, rose 5% on Monday, November 18. The company released its financial results for the July-September quarter of the current fiscal year. In early trade, the stock climbed as much as 5% and was trading at ₹4,835 per share on the NSE. At 9:23 am, the stock was trading 4.2% higher at ₹4,797.20 per share. The company has a market capitalisation of ₹96,179.44 crore. Hero MotoCorp results Hero MotoCorp on Thursday said its consolidated net profit for the three-month period ended September 30, 2024 rose 6% to ₹1,066 crore…

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18 Nov

New Heart-Shaped Dual-Layer Alpenliebe Juzt Jelly Now Available for INR 2

Business Bureau0 CommentsBusiness

Alpenliebe Juzt Jelly, the iconic brand from the house of Perfetti Van Melle, has introduced India’s first-ever heart-shaped, dual-layer jelly, crafted to deliver a unique sensory journey at an affordable price of INR 2. This innovative jelly features two distinct layers—a soft-foamy layer and a jelly layer, leading to a soft & chewy experience—creating a delightful combination that enhances the overall consumption experience. Alpenliebe Juzt Jelly continues to lead innovation in the jelly segment, delivering a delightful blend of fun, flavor, and texture in every bite for an elevated confectionery experience. This unique product stands out in the evolving jelly…

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18 Nov

Crude oil imports may flourish in November after decline in October

Priyanka Roy0 CommentsBusiness, News

India's crude oil imports are likely to improve in November with key refineries, including Mangalore, Kochi and Mathura, restarting after maintenance, according to global real-time data and analytics provider Kpler. The agency estimates India's refineries will increase by 250,000 barrels per day month-on-month to 5.41 million barrels per day during the month, the highest since July. In October, the country's imports fell to a year-low of 4.34 million barrels per day. "They are expected to recover to 4.87 million barrels per day in November, supported by stable domestic production of 590,000 barrels per day," Kpler said in its report. It…

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16 Nov

Schneider Electric shares expansion, company reports 26% net profit in Q2

Priyanka Roy0 CommentsBusiness, News

Schneider Electric share price rose 4.17 per cent to Rs 755.95 per share in Thursday's intraday deals after the company reported a 26 per cent rise in net profit in Q2FY25. The company on Thursday reported a net profit of Rs 54.3 crore in Q2FY25, registering a growth of 26.6 per cent as compared to net profit of Rs 42.9 crore in the same period a year ago. The company's operating revenue for the quarter stood at Rs 599.7 crore in the September quarter of FY25, registering a growth of 21 per cent from Rs 495.8 crore in the previous…

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