Blog - The Purbottar

09 Jul

TAFE secures Massey Ferguson brand rights, buys back AGCO stake in major deal

Business BureauBusiness

Tractor giant TAFE has announced a comprehensive settlement with AGCO, resolving all outstanding issues related to brand ownership, commercial agreements, and equity holdings. As part of the agreement, TAFE will become the sole and exclusive owner of the "Massey Ferguson" brand in India, Nepal, and Bhutan. TAFE will also buy back AGCO’s 20.7% equity in the company for $260 million, making it a wholly owned subsidiary of the Amalgamations Group. While TAFE exits AGCO’s shareholding structure, it will retain a 16.3% stake and support AGCO's board decisions in shareholder meetings, subject to certain exemptions. All existing legal proceedings between the…

09 Jul

Sachin Tendulkar bats for authenticity in organic India’s new campaign

Business BureauBusiness

Organic India, a Tata Consumer Products brand, has launched its latest campaign titled ‘Sirf Naam Se Nahi, Kaam Se Organic’ with cricket icon Sachin Tendulkar, urging consumers to look beyond labels and demand proof of authenticity in organic products. As awareness of organic food grows, so does confusion around what qualifies as truly organic. The campaign aims to address this by educating consumers and highlighting Organic India’s stringent quality standards, which include over 600 tests on herbs, direct sourcing from 2,000+ farmers, and internationally recognized certifications. In the campaign film, Tendulkar appeals to viewers to verify the integrity behind organic…

09 Jul

In a joint CRPF-Excise operation, illicit liquor was destroyed in Golaghat

Banasree SarkarAssam

Members of the F/142 Bn CRPF, along with the Golaghat Circle Excise department, carried out a focused offensive against the illicit manufacture of domestic alcohol in a major combined operation. A joint search operation was carefully organized and carried out in response to specific intelligence about the production of illegal liquor in the village areas of Tarani No. 1, Tarani No. 2, and Kolajan No. 6. The operation was carried out by one group of the F/142 Bn CRPF in conjunction with excise officers from Sector "D," DAB, and Merapani police station. The recovered materials were immediately destroyed during the…

09 Jul

Thousands women march against ‘anti-tribal’ statement

Sonakshi SarkarAssam

Over 10,000 women representing various communities across Assam’s Karbi Anglong district marched in protest against the alleged anti-tribal and anti-development remarks made by Congress leader and Member of Parliament Gaurav Gogoi. The protest was led by the United Women Forum of Karbi Anglong (UWFKA), which organized the large-scale rally in Diphu on Monday. The demonstration was triggered by Gogoi’s recent unannounced visit on July 5 to an under-construction private residence belonging to Singdon Ronghang, son of Karbi Anglong Autonomous Council (KAAC) Chief Executive Member (CEM) Tuliram Ronghang. During the visit, Gogoi reportedly likened the building to the extravagant “Sheesh Mahal…

08 Jul

Copper futures prices upgrade on increased spot demand

editorBusiness, News

New Delhi, Copper futures prices rose 0.42 percent to Rs 893 per kg on Tuesday due to increased spot demand. The price of copper contracts for July delivery on the Multi Commodity Exchange rose by Rs 3.70 or 0.42 percent to Rs 893 per kg in a business turnover of 7,957 lots. Analysts attributed the rise in copper prices to higher bets by participants.

08 Jul

East India’s Gen Z tops nation in retirement planning with life insurance: Tata AIA study

Business BureauBusiness

A new study by Tata AIA Life Insurance reveals that Generation Z in East India is leading the country in retirement-focused financial planning, with 63% of working individuals aged 21–29 considering life insurance as a key retirement tool—the highest nationwide. The study, titled ‘New Age Habits, Traditional Values’, was conducted in partnership with NielsenIQ. The survey highlights a well-rounded investment approach among East India’s youth, blending traditional choices like gold (47%) and fixed deposits (54%) with growing participation in equities (43%). While only 11% currently hold term insurance, a promising 44% intend to buy it soon, indicating strong growth potential.…

08 Jul

Excessive coffee intake can create a Risks factor

Banasree SarkarHealth

Regular coffee consumption can aid weight loss by increasing metabolism and inhibiting hunger, but it's most effective when combined with a nutritious diet and consistent exercise, and excessive intake can cause health issues. Coffee is well known for increasing metabolism and alertness. Its low calorie content, rapid absorption, and instant energy boost make it a popular beverage to have before working out. High caffeine intake can lead to digestive issues, anxiety, hormonal imbalances, sleep disruption, fatigue, and weight gain, potentially causing long-term health risks. Overconsumption of coffee, especially when combined with milk and sugar, can increase calorie intake, disrupt blood…

08 Jul

CM Prem Singh Tamang empowers SHG women with key posts

Sonakshi SarkarSikkim

The Sikkim government, under the leadership of Chief Minister Prem Singh Tamang (Golay), has appointed 11 women from Self-Help Groups (SHGs) as Chairpersons of various government departments, while another SHG member has been designated as Officer on Special Duty (OSD) in the Panchayati Raj Department. The appointments mark a bold step toward inclusive governance, positioning grassroots women leaders at the heart of policymaking and public administration. The initiative is the first of its kind in India, redefining how SHG members—traditionally engaged in micro-finance and local development—can play formal roles in state governance and administration. The move follows a public pledge…

08 Jul

Record-Breaking Heat Grips Western U.S.

Mohini BarmanInternational

The western United States is experiencing one of its most severe heatwaves in recent years, with temperatures soaring above 45°C in parts of California, Nevada, and Arizona. Meteorologists say the phenomenon is being driven by a persistent high-pressure system and may last through the week. Cities like Phoenix have issued heat advisories, while hospitals are seeing a spike in heat-related illnesses. Power grids are under immense strain as air conditioning usage skyrockets, prompting calls to reduce consumption during peak hours. Climate experts warn that such extremes may become the norm due to global warming, and the ripple effect could extend…

08 Jul

Total deposits increase 14.6% to ₹5.13 lakh crore in June quarter

editorBusiness, National

Following a stable performance in the June quarter business update, which showed consistent pace in both lending and deposit growth even as gains in low-cost deposits moderated, Kotak Mahindra Bank's shares increased by as much as 4% to Rs 2,238 on July 8. As of June 30, 2025, the private lender's loan book had grown to Rs 4.45 lakh crore, a 14% increase from Rs 3.90 lakh crore the previous year. Advances increased 4.2% sequentially from Rs 4.27 lakh crore at the end of March. Additionally, deposits kept growing at a steady rate. End-of-period deposits increased by 2.8 percent above…