Business Bureau

Turkish Airlines reported a net profit of USD 197 million in the second quarter of 2026, overcoming the adverse impact of the ongoing conflict in the Middle East through dynamic capacity management, higher passenger demand and strong cargo performance. The airline's total revenue rose 20.5 per cent year-on-year to USD 7.2 billion, while cargo revenue surged 58 per cent to nearly USD 1.3 billion as Turkish Cargo capitalised on increased global demand despite disruptions in air freight capacity. The carrier said its EBITDAR margin reached 12.6 per cent, exceeding its guidance of 8 per cent, while passenger load factor climbed…

The growing consumer preference for health-focused beverages is driving demand for functional teas, with brands introducing products that align with everyday wellness habits rather than quick-fix health solutions. Industry observers note that green tea continues to gain popularity as consumers increasingly seek beverages that offer added nutritional or functional benefits while fitting seamlessly into their daily routines. Building on this trend, Tetley has introduced Tetley Green Tea Slim Care, a functional green tea that combines premium green tea with added L-Carnitine. The product is designed to help reduce body fat when consumed alongside a balanced diet and regular physical activity.…

External Affairs Minister Dr. S. Jaishankar has outlined a future roadmap to strengthen India’s strategic partnership with Africa, reaffirming New Delhi’s commitment to expanding cooperation in trade, investment, development, defence and food security. He shared the vision while addressing African Heads of Mission and senior diplomats during the Africa Day 2026 celebrations held in the national capital on August 5. According to the Ministry of External Affairs, Dr. Jaishankar highlighted the historical and ideological foundations of India-Africa ties, recalling the shared struggle against colonialism and the enduring bond forged through the pursuit of freedom and human dignity. He said India…

DSP Mutual Fund has launched a nationwide digital campaign aimed at encouraging investors to evaluate Multi Asset Allocation Funds based on their intended role in portfolio diversification rather than focusing solely on recent returns. The initiative comes amid rising investor interest in the category, with industry data showing that Multi Asset Allocation Funds accounted for 27% of net inflows into equity-oriented schemes during the January–March 2026 quarter, up from 21% in the previous quarter and 6% a year earlier. The fund house said its own investor transactions in Multi Asset Allocation Funds have tripled over the past year. After analysing…

Berger Paints India Ltd reported a strong financial performance for the quarter ended June 30, 2026, posting double-digit growth in revenue and operating profit despite geopolitical disruptions arising from the West Asia conflict. The company's consolidated revenue from operations rose 12 per cent year-on-year to Rs. 3,583.8 crore from Rs. 3,200.8 crore, while EBITDA increased 15 per cent to Rs. 607.4 crore. Consolidated net profit climbed 28.6 per cent to Rs. 405 crore during the quarter. On a standalone basis, revenue grew 12.7 per cent to Rs. 3,226.7 crore, EBITDA rose 12.6 per cent to Rs. 562.2 crore, and net…

Retirement planning in India must move beyond the traditional focus on building a large retirement corpus and instead prioritise creating a steady and sustainable income stream that can support retirees throughout their post-retirement years, according to Anurag Gupta, Chief Business Officer, Partnership Channels and Head of Retirement at Axis Max Life Insurance Limited. Gupta said the growing popularity of the Financial Independence, Retire Early (FIRE) movement has encouraged many Indians to chase a target retirement corpus, but cautioned that wealth accumulation alone does not guarantee financial security. Since retirement can last two to three decades, the bigger challenge is ensuring…

ICICI Prudential Life Insurance’s continued investment in technology and automation is translating into improved operational efficiency and lower costs, underscoring the growing role of digital transformation in enhancing productivity across India’s life insurance sector. The insurer reported that its savings cost-to-premium ratio declined to 13.6 per cent in the first quarter of FY2027, down 50 basis points from a year ago, reflecting gains from technology-led cost optimisation while maintaining business growth. The company attributed the improvement to increased adoption of artificial intelligence, analytics and digital platforms such as ICICI Pru Partner Stack and IPRU Edge, which have streamlined customer acquisition,…

The Government of Assam, in partnership with Apollo Dialysis Clinics under the Public-Private Partnership (PPP) model, has strengthened access to free dialysis services in Dibrugarh district through the Pradhan Mantri National Dialysis Programme (PMNDP), benefiting thousands of patients suffering from chronic kidney disease. The initiative operates dialysis centres at Assam Medical College & Hospital, Moran Community Health Centre (CHC) and Naharkatia Sub-Divisional Civil Hospital, enabling eligible patients to receive hospital-grade renal care closer to home without incurring out-of-pocket expenses. According to official data as of June 2026, the three centres have served 6,288 kidney patients and conducted 44,670 free dialysis…

The Kotak Education Foundation (KEF), the CSR implementing arm of the Kotak Mahindra Group, has launched the Kotak Kanya Scholarship 2026 under the campaign theme “One in a Million”, aiming to identify and support 500 meritorious girl students from financially disadvantaged backgrounds across India during the 2026-27 academic year. Now in its sixth year, the scholarship programme seeks to help deserving students pursue professional higher education without financial constraints. Since its inception in 2021, the Kotak Kanya Scholarship has supported 1,525 girls across 24 states. Besides financial assistance, the programme offers mentorship, career guidance, industry exposure and finishing school sessions…

The Reserve Bank of India (RBI) has kept its key policy rate and monetary policy stance unchanged, a move that was widely anticipated by market participants. While maintaining status quo, the central bank underscored heightened risks on the inflation front, signalling that price pressures remain a key concern for policymakers. Reacting to the monetary policy decision, Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, said the RBI's decision was on expected lines but reflected growing caution over inflation. She said the central bank had highlighted amplified inflation risks and added that Kotak Mahindra Bank expects a cumulative 50 basis points…