Business

BSL Limited, a legacy brand in the textile and suiting industries, has recently launched its first Cotton Spinning Unit in Bhilwara, Rajasthan, India. This addition is expected to augment the company’s revenue by INR250 crores in the forthcoming fiscal year. The new unit will have a capacity of 30,000 spindles, …

Chennai, April 2023: Dettol Banega Swasth India (DBSI) launched hygiene focused Tamil music album- ‘Folk Music for a Swasth India’ in collaboration with Hindu Tamil Thisai and Gramalaya today in Chennai. Composed by James Vasanthan, the album has 5 songs and will be available to Spotify users across the globe starting today.  The music album was launched by Thiru. Ma. Subramanian, Minister for Health and Family Welfare, Govt. of Tamil Nadu, Sh. Ravi Bhatnagar, Director, External Affairs …

Chennai, April 2023 – Universal Robots, the world’s leading manufacturer of collaborative robots (cobots), showcased their versatile cobot applications at Automation ExpoSouth 2023 in Chennai, South-East Asia’s biggest automation& instrumentation exhibition in 15 years. The expo was held at Chennai Trade Centre from April 26th to 28th, 2023. The event brought together the best technical …

Chennai, April 2023 The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC,focusing on consumer and MSME finance, todayannounced its audited financial results for the quarter and the year ended March 31, 2023. Key Highlights – Q4FY23 (Standalone): Assets: • Highest ever quarterly Disbursements at ₹ 6,371crore, up 151% YoY and 89% QoQ. • Assets Under Management (AUM) at ₹ 16,143 crore, up 37% YoY and 16% QoQ. • Direct Digital Program (DDP) contribution in disbursements increased to 81% in Q4FY23 ascompared to 66% in Q3FY23 and to 24% inQ4FY22. Asset Quality: • Gross NPA at 1.44%, reduced 185 bps YoY and 25bps QoQ. • Net NPA at 0.78%, reduced 52 bps YoY and 11 bpsQoQ. Profitability: • Highest ever PAT at ₹ 181 crore for Q4FY23, up103% YoY and 20% QoQ. For FY23, PAT stood at ₹585 crore, up 100% YoY. • Highest ever Return on Assets (RoA) for Q4FY23at 5%, up 178 bps YoY and 53 bps QoQ. For FY23,RoA stood at 4.4%, up 172 bps YoY. • Net Interest Margin (NIM) for Q4FY23 was at11.3%, an improvement of 87 bps YoY and 59 bpsQoQ. For FY23, NIM was at 10.7%, animprovement of 89 bps YoY. • Operating expenses for Q4FY23 stood …

Studie’o7 a chain of salon, celebrated its 100+ salon on 25th April 2023 at ITC chennai along with their existing, new franchise partners and honorary chief guests. Mr.Rajeshkumar (founder and Managing Director – Studie’o7) started with 1 salon in 2017 from Udumalpet, today Studie’o7 stands proudly with 100+ salon in …

Chennai, 26. 04. 2023  : Jos Alukkas, leading jewellery retail chain in South India has announced their massive global expansion plan to launch 100 new showrooms at an investment of Rs. 5500 crores. This is the single largest investment and expansion plan by a jewellery retail brand in the country. The jewellery group eyes a pan-global level growth. Jos Alukkas is one of the …

Chennai, April 2023: Park Hyatt Chennai hostedMasterChef Loki Madireddi’s two – week residency earlier this month. This exclusive residency at Park Hyatt Chennaiwas launched with a discussion on Australia and India: Friendship Through Food in the presence of Ms. Sarah Kirlew (Australian Consul General for South India), Mr. Sascha Lenz (General Manager, Park Hyatt Chennai), Mr. Loki Madireddi (Chef …

Novotel Chennai Chamiers Road has implemented sustainable measures that includes an in-house bottling plant to stop the use of single use plastic bottles.  The bottling plant filters the RO water in a glass bottle, which is 100% eco-friendly and infinitely recyclable, reusable and chemical free to the guest and the environment. The …

CHENNAI: Summers are synonymous with the king of fruits, Mangoes and what better way to enjoy this delicious fruit than during Amazon Fresh’s Mango Fiesta. The fiesta brings together a wide variety of high-quality fresh mangoes from different regions, each with their unique taste and flavor with great deals. Whether you’re a fan of the sweet and juicy Ratnagiri Alphonso, the …

Chennai – Daimler India Commercial Vehicles (DICV), a 100% subsidiary of Daimler Truck AG today announced that – despite supply chain headwinds and adverse cost environment – 2022 was one of the most successful business years since starting its manufacturing operations in India. The company reported a revenue growth of 37% and a sales growth of …