Business Bureau

The Gujarat Trailblazers, a founding franchise of the Indian Supercross Racing League (ISRL), have announced exciting new sponsorships for Season 2, slated to run from October to December 2025. La-Pino’z Pizza and FanToPark have signed on as official team sponsors, signaling growing corporate confidence in the league’s commercial and cultural influence. These partnerships reflect the increasing interest in the experience economy, where live sports and entertainment intersect with consumer engagement. The Gujarat Trailblazers, led by Managing Director Dhrumil Patel, made a strong impression in ISRL Season 1 with top finishes and a deep connection to fans across Gujarat. Patel, a…

Canara Robeco Mutual Fund has launched the Canara Robeco Multi Asset Allocation Fund, an open-ended scheme that aims to balance risk and reward through strategic investments across equity, debt, and precious metal ETFs. The New Fund Offer (NFO) opens on May 9, 2025, and closes on May 23, 2025, with the scheme reopening on or before June 6, 2025. Designed for long-term investors seeking diversification, the fund will allocate 65–80% to equities, 10–25% to Gold and Silver ETFs, and 10–25% to debt and money market instruments, with flexibility to invest in REITs and InvITs. The strategy includes active asset rebalancing…

Toyota Kirloskar Motor has unveiled its rugged yet premium Hilux Black Edition at Topsel Toyota, Siliguri, bringing a bold refresh to its iconic pickup. Priced at ₹37.90 lakh (ex-showroom), this 4X4 powerhouse features a 2.8L turbo-diesel engine delivering 500 Nm torque, paired with advanced off-road capabilities and premium comfort features like 7 SRS airbags, 8-inch infotainment, and leather upholstery. The all-black exterior—including grille, ORVMs, alloy wheels, and sleek LED lights—offers a striking blend of aggression and elegance, appealing to both adventure seekers and urban professionals. The launch was graced by entrepreneur and philanthropist Ravindra Kumar Jain alongside Toyota’s East Zone…

PhysicsWallah (PW), a rapidly growing education platform, has opened a new PW Tuition Centre in Bankura, marking a significant expansion of its offline presence. Located on Taragoti Samanta Road, the centre offers academic support for students in classes 8th, 9th, and 10th, with courses in Science, Mathematics, Social Science, English, and Hindi. The curriculum is tailored to meet the requirements of CBSE and ICSE boards, helping students build a strong foundation for their exams. The new centre, situated at 271/7/1, Xaviers Child Development Centre, aims to provide in-person guidance for students to navigate their academic journey. With classes held five…

JSW MG Motor India has launched MG Windsor PRO that will elevate the business class travel experience with the inclusion of new tech and safety features, along with a new 52.9 kWh battery pack. The MG Windsor has witnessed phenomenal customer response since its launch, and the addition of the PRO series will further strengthen its market performance. Launched at an attractive introductory BaaS price of INR 12.49L + INR 4.5/km and ex-showroom price of INR 17,49,800 (valid for first 8,000 bookings), the MG Windsor PRO promises to accelerate the rapid transition to EVs. JSW MG Motor India has onboarded new financiers, such…

Bajaj Allianz Life Insurance has declared its highest-ever bonus of ₹1,833 crore for the financial year 2024-25, marking a remarkable 32% increase from last year’s ₹1,383 crore. This bonus will benefit over 11.71 lakh policyholders invested in the company’s participating (with-profit) products. The bonus continues Bajaj Allianz Life's legacy of delivering value to customers, with annual bonuses declared for 24 consecutive years. The bonus will be distributed to policyholders with traditional participating policies that are active as of March 31, 2025. Additionally, a special reversionary bonus of 5% totaling ₹206 crore has been announced for policyholders of higher equity allocation…

CoinSwitch, India’s largest crypto platform, has reaffirmed its commitment to transparency and trust with the release of its fifth Proof of Reserves (PoR) report. The report, which confirms that CoinSwitch holds more assets than the total amount held by its users, underscores the company’s focus on investor protection and prudent liquidity management. As of March 31, 2025, CoinSwitch’s total reserves stood at ₹2,764.20 crore, surpassing customer holdings of ₹2,138.64 crore, creating a surplus of ₹625.56 crore. The platform’s Proof of Reserves (PoR) ensures that every rupee and crypto held by users is fully backed by the company, maintaining a 1:1…

Aadhar Housing Finance Ltd has announced strong financial results for the fiscal year 2025, delivering a 21% growth in assets under management (AUM) and a 22% increase in profit after tax (PAT). The company’s AUM has surpassed Rs. 25,000 crore, reaching Rs. 25,531 crore, up from Rs. 21,121 crore in FY24. The profit after tax for FY25 stood at Rs. 912 crore, up from Rs. 750 crore in the previous year. The company’s disbursements saw a solid 16% growth, reaching Rs. 8,192 crore, reflecting the increasing demand for low-income housing finance. The gross non-performing asset (GNPA) ratio also showed improvement,…

Remedium Lifecare Limited (BSE: 539561), a fast-growing player in pharmaceutical intermediates and specialty chemicals, has received approval from the Bombay Stock Exchange (BSE) for its ₹49.19 crore rights issue. The move is aimed at raising capital from existing shareholders to fund manufacturing expansion, R&D equipment, and meet working capital needs. As per the approved terms, the issue offers 61 equity shares for every 50 fully paid-up shares held on the record date, April 15, 2025, at ₹1 per share. A total of 49.19 crore fully paid-up shares will be issued, with the face value pegged at ₹1 each. “This approval…

Bandhan AMC Limited, one of India’s leading asset managers with an AUM of approximately USD 20 billion, has commenced operations at GIFT City through its IFSC branch, unveiling three new India-focused feeder funds. The move aims to draw global investors into India's equity and debt markets by offering access to well-established Bandhan Mutual Fund schemes. The newly launched funds include the Bandhan India Large and Mid-Cap Fund (IFSC), Bandhan India Small Cap Fund (IFSC), and Bandhan India Government Securities Fund (IFSC). Each feeder fund mirrors a corresponding domestic scheme with proven track records and substantial assets under management. CEO Vishal…