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By Nimrat , 17 May 2025
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JK Tyre Launches Eco-Friendly Tyre Production with ISCC Plus-Certified Materials in Chennai

JK Tyre & Industries Ltd has initiated the production of environmentally sustainable passenger car tyres at its Chennai manufacturing facility, marking a significant stride in green innovation for India’s automotive sector. The newly introduced UX Royale Green tyres are manufactured using raw materials certified under the globally recognised ISCC Plus framework, which ensures traceability and responsible sourcing of renewable and recycled content.

Tags

  • Business
By Nishant Verma , 17 May 2025
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Abbott India Delivers Strong Financial Performance in FY25 with 28% Surge in Q4 Profit

Abbott India has posted robust financial results for the fourth quarter and full fiscal year ending March 31, 2025, driven by consistent revenue growth and operational efficiency. The pharmaceutical major reported a 28% year-on-year increase in Q4 net profit to Rs. 367 crore, supported by a rise in sales to Rs. 1,605 crore. For the full fiscal year, net profit climbed to Rs. 1,414 crore, with annual revenues reaching Rs. 6,409 crore. The board has proposed a final dividend of Rs. 475 per share.

Tags

  • Business
  • Technology Sector
By Agamveer Singh , 17 May 2025
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Record SIP Discontinuations in April Reflect Maturity, Not Panic, Say Experts

April 2025 witnessed a dramatic spike in discontinued systematic investment plans (SIPs), with over 1.62 crore plans halted—three times the number recorded in March. While at first glance this might seem alarming, industry experts argue that the development signals a natural evolution in investor behavior, not a loss of faith in mutual funds. Despite the discontinuations, SIP contributions reached an all-time high of Rs. 26,632 crore in April.

Tags

  • Investment
  • Mutual Funds
By Manbir Sandhu , 17 May 2025
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Saregama India Delivers Robust Q4 Profit Growth Despite Revenue Dip, Signals Bold Content Investment Strategy

Saregama India, the flagship music and content company of the RPSG Group, reported an 11.1% year-on-year increase in net profit for the fourth quarter of FY25, reaching Rs. 59.8 crore. Although revenue from operations dipped slightly to Rs. 240.8 crore, the company posted a significant improvement in operational efficiency, with adjusted EBITDA margins rising to 42%. For the full fiscal year, net profit stood at Rs. 204.2 crore. Notably, content investment surged 62% to Rs. 316 crore, reflecting the company’s aggressive commitment to its long-term Rs.

Tags

  • Entertainment
  • Business
By Anant Kumar , 17 May 2025
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Singtel Offloads Partial Stake in Bharti Airtel for Rs. 13,221 Crore, Retains Strategic Presence

Singapore-based telecom giant Singtel has divested a 1.2% stake in Bharti Airtel through a large block deal worth Rs. 13,221 crore ($1.54 billion), priced at Rs. 1,814 per share. The transaction reduces Singtel’s stake in the Indian telecom major from 29.5% to 28.3%, while still preserving its role as a key strategic investor. Although buyers remain undisclosed, the sale was executed above the floor price and includes a 60-day lock-up period. Bharti Airtel shares dipped following the announcement, though the stock remains among the top Nifty 50 performers of 2025.

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  • Telecom
  • Business
By Gurleen Bajwa , 17 May 2025
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India Maintains Growth Momentum Amid Global Slowdown and Trade Turbulence

India’s economic outlook for 2025 has been slightly downgraded to 6.3%, according to a mid-year update from the United Nations. While this marks a decline from the previous estimate of 6.6% and a significant slowdown from the 7.1% growth recorded in 2024, India continues to rank among the fastest-growing large economies. Robust domestic consumption, government-led investment, and resilient services exports are expected to cushion the impact of weakening global trade dynamics and geopolitical uncertainty.

Tags

  • Economy
  • RBI
  • GDP
By Nimrat , 17 May 2025
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Signature Global Eyes Rs. 12,500 Crore in FY26 Pre-Sales Amid India’s Housing Boom

Signature Global, a major player in India’s residential real estate sector, has projected a 21.5% increase in sales bookings for FY2025–26, targeting Rs. 12,500 crore on the back of robust demand and a pipeline of new project launches. The Gurugram-based developer, which recorded a 42% jump in sales bookings last fiscal, also posted a 48% rise in net profit for the March quarter. Despite a drop in Q4 income, the company reported a multifold increase in annual profit.

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  • Real Estate
  • Business
By Manbir Sandhu , 17 May 2025
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Apple Reaffirms Commitment to India Amid Trump’s Call for Domestic Production Shift

In the wake of recent remarks by former U.S. President Donald Trump urging Apple to relocate iPhone production to the United States, Apple has reassured Indian authorities that its long-term manufacturing and investment strategy in India remains firmly on track. Indian officials reached out to the tech giant following Trump’s comments at a business event in Doha. Despite political pressure in the U.S., Apple emphasized that India will continue to play a crucial role in its global supply chain. With India contributing around 15% to Apple’s global iPhone output and exports exceeding Rs.

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  • Technology Sector
  • Business
By Vrinda Chaturvedi , 17 May 2025
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Myntra’s Ultimate Glam Clan Crosses Half a Million Creators, Redefines Fashion Commerce in India

Myntra has achieved a significant breakthrough in the intersection of fashion, e-commerce, and influencer marketing, with its Ultimate Glam Clan programme surpassing 5 lakh creator signups. Launched in September 2023, this initiative empowers everyday consumers to become content creators, particularly resonating with Gen Z audiences. The programme not only enhances user engagement through authentic, user-generated content but also offers financial incentives, making content creation a viable micro-entrepreneurial avenue.

Tags

  • Fashion & LIfestyle
  • E-Commerce
By Agamveer Singh , 17 May 2025
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Spencer’s Retail Reports Reduced Loss Amid Strategic Restructuring and Operational Focus

Spencer’s Retail Ltd posted a narrower consolidated net loss of Rs 68.40 crore for the March quarter of FY25, an improvement over the Rs 80.69 crore loss recorded in the same period last year. The company experienced a 23.22% decline in total income to Rs 423.13 crore, impacted primarily by the closure of 47 underperforming stores in the previous quarter. Despite revenue slipping to Rs 411.87 crore, significant cost optimization efforts helped lower total expenses by 22.2%.

Tags

  • Retail
  • Business

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