Business Bureau

Sanskriti University, Mathura, has launched its highly anticipated annual sports festival, ‘Sanskriti Sports Fiesta 25’, with a grand opening ceremony featuring Indian wrestling champion BabitaPhogat and former cricketer MadanLal. The event, which began with much enthusiasm, will run until March 1, 2025, showcasing 28 sports disciplines across 40 competitive matches. With 1,312 athletes participating, the sports extravaganza includes cricket, football, javelin throw, shot put, badminton, chess, table tennis, and various race events. Divided into four groups, participants will compete for the championship, demonstrating teamwork, discipline, and competitive spirit. Cricket and football matches are expected to be major crowd-pullers. The presence…

India’s pension assets under management (AUM) are set to witness exponential growth, reaching an estimated ₹118 trillion by 2030, according to DSP Pension Fund Managers. The National Pension System (NPS) is expected to account for about 25% of this total, driven by demographic shifts and evolving retirement trends. India's elderly population is projected to grow 2.5 times by 2050, with post-retirement life expectancy averaging 20 years. Despite this, pension penetration remains low at just 3% of the GDP. The widening retirement savings gap, expected to grow at 10% annually, could reach $96 trillion by 2050. However, Indian investors are increasingly…

Varda Goenka Fine Jewels by Diagold unveiled its latest collections, The Patiala Jewels and Jodhpur Jadau, in a grand fashion event on February 28 at The Dockyard Company, on the banks of the River Ganges. The showcase celebrated India's regal heritage through exquisite craftsmanship and artistic storytelling. The event featured three tableaus depicting India’s royal traditions. The first tableau honored Bengali Zamindars, with models in traditional attire presenting intricate jewelry through dance performances. The second tableau blended elegance and movement against a clock tower backdrop. The final tableau captured the grandeur of Rajgharanas, with models adorned in luxurious ensembles. The…

Bajaj Allianz Life has become the first insurer in India to go live with the Bima-Application Supported by Blocked Amount (Bima-ASBA) facility, aligning with the Insurance Regulatory and Development Authority of India’s (IRDAI) initiative to simplify premium payments and enhance policyholder convenience. Bima-ASBA allows customers to block a specified premium amount (up to ₹2 lakh) in their bank accounts via UPI’s One-Time Mandate (OTM). The funds remain in the customer’s account, earning interest, until the insurance company completes the underwriting process. If the policy is issued, the blocked amount is debited; otherwise, the funds are released within 14 days. Bajaj…

Tata Consumer Products Limited (TCPL) has unveiled Tata Tea Premium Care, a new premium tea variant infused with natural ingredients like Tulsi, Ginger, Brahmi, Elaichi, and Mulethi. This launch is part of TCPL’s commitment to premiumization and wellness, offering consumers a blend of strong chai with added health benefits. Designed for those who prefer kadak chai, Tata Tea Premium Care seamlessly blends taste and wellness. Puneet Das, President - Packaged Beverages (India & South Asia), TCPL, stated, “With Tata Tea Premium Care, we are elevating the everyday tea experience by incorporating the goodness of time-tested natural ingredients. As consumers become…

Tata Tea Gold, a premium blend of Assam’s valley-grown teas and aromatic highland long leaves, is making waves among tea lovers in Eastern India. Expertly crafted by Tata Tea’s master blenders, this luxurious mix promises a perfect balance of rich taste and irresistible aroma. Positioned as an ideal choice for a refreshing start to the day or a rejuvenating break, Tata Tea Gold is designed to cater to discerning consumers who appreciate quality. The tea is available at ₹300 for a 500-gram pack, making it a premium yet accessible option for tea enthusiasts. In Guwahati, a key hub for the…

E-commerce giant Flipkart is expanding its footprint in Assam by empowering local businesses, artisans, and entrepreneurs through digital platforms. At the Advantage Assam 2.0 Investment & Infrastructure Summit 2025, Flipkart reaffirmed its commitment to fostering economic growth and digital inclusion in the state. Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group, highlighted Assam’s strong entrepreneurial base and the state government’s efforts under Chief Minister Himanta Biswa Sarma’s leadership. “Flipkart remains dedicated to providing local businesses with technology, tools, and market access to scale their ventures while generating employment,” Kumar stated. With over 1 lakh sellers from Assam on its platform,…

Globe Textiles (India) Ltd. has posted an impressive financial performance for the third quarter ending December 31, 2024, with a 53.7% surge in net profit and a 46.2% increase in revenue year-over-year. The company's strategic acquisitions, market expansion, and focus on sustainability have driven its strong growth momentum. For Q3 FY24, revenue rose to ₹15,159.21 lakhs from ₹10,367.19 lakhs in the same period last year, while net profit increased to ₹291.42 lakhs from ₹189.55 lakhs. The nine-month revenue stood at ₹42,397.79 lakhs, a 20.8% increase, while net profit grew by 56.6% to ₹943.55 lakhs. A key driver of this success…

SMFG India Credit has achieved a Guinness World Record for the Largest Cattle Welfare Lesson (Multiple Venues) with 517 participants across six locations in India. This milestone was part of the company’s 7th edition of PashuVikas Day (PVD)—the country’s largest one-day cattle care camp—held in 500 locations across 16 states, benefiting approximately 1,50,000 cattle and 40,000 cattle owners. Pashu Vikas Day 2025, themed “MeraPashuMeraParivar,” underscored the crucial role of livestock in rural livelihoods. With nearly 70% of India’s rural population dependent on agriculture and related activities, SMFG India Credit’s initiative reinforced its commitment to financial inclusion and rural welfare. Over…

udaan, India’s largest e-business-to-business (eB2B) platform, has reported significant growth in 2024, with a 70% increase in daily buyers and a 65% surge in revenue run rate. The platform delivered over 2.45 billion units of products, weighing more than 7 lakh metric tonnes, reinforcing its leadership in kirana commerce. The FMCG category witnessed an 85% year-on-year (YoY) growth, driven by a 50% increase in product orders by retailers. Private label brands saw an exceptional 250% growth in revenue run rate, reflecting rising demand for high-quality, value-driven products. Additionally, udaan deployed electric vehicles (EVs) in Bengaluru for last-mile delivery, marking a…