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ABD Maestro Pvt. Ltd., the super-premium and luxury spirits subsidiary of Allied Blenders & Distillers (ABD), has entered the Odisha market with the launch of four premium brands — AODH Irish Whiskey, WOODBURNS Contemporary Indian Malt Whisky, YELLO Designer Whisky and RANGEELA Contemporary Indian Vodka. The launch, held in Bhubaneswar on Tuesday, marks a key milestone in the company’s expansion strategy as it seeks to strengthen its presence in high-potential markets across India. ABD Maestro said the move aligns with its vision of building a future-focused portfolio of premium spirits tailored to evolving consumer preferences. The company, which counts Bollywood…

Non-Banking Financial Company (NBFC)-Factor 121 Finance has crossed ₹10 crore in cumulative disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM), marking a significant milestone in expanding digital credit access for micro, small and medium enterprises (MSMEs). The company said it has disbursed more than 2,600 loans to over 400 MSMEs across 173 cities in 27 states, helping small suppliers secure working capital against confirmed government purchase orders. Built on the Open Credit Enablement Network (OCEN), GeM Sahay allows eligible MSMEs to access collateral-free, short-term financing within minutes using transaction data linked to government procurement orders.…

Indian equity benchmarks staged a resilient intraday recovery from a weak, gap-down opening to finish a highly volatile session virtually unchanged, as cautious investors pushed through heavy macroeconomic headwinds. The BSE Sensex managed a microscopic 14-point gain to close at 74,360, while the NSE Nifty 50 added a mere 11 points to settle at 23,417. Domestic sentiment was severely tested early in the day following a bruising overnight sell-off on Wall Street and deep losses across major Asian markets, sparked by escalating geopolitical anxieties between the United States and Iran in the Persian Gulf region. Despite an initial risk-off atmosphere…

Tata Motors has launched the all-new Intra V40 pickup, strengthening its position in the alternate fuel small commercial vehicle (SCV) and pickup segment as demand grows for cost-efficient and flexible last-mile transport solutions. The Intra V40 comes with CNG-petrol bi-fuel technology and is designed for high-load operations. The vehicle offers a best-in-class payload capacity of 1,525 kg and a 2,960 mm (9.7 ft) load body, aimed at helping operators maximise earnings while ensuring uninterrupted operations across different routes. Powered by a 1.2-litre engine, the pickup delivers 58 bhp of power and 106 Nm of torque. It also features a 110-litre…

HSBC Mutual Fund has launched the RedHex Hybrid Long-Short Fund, a Specialised Investment Fund (SIF) strategy aimed at investors seeking regular returns along with long-term capital appreciation. The New Fund Offer (NFO) opened on June 2 and will remain available for subscription until June 16, 2026. The fund combines investments across multiple asset classes, including fixed income, equity arbitrage, REITs and INVITs, with the objective of generating risk-adjusted returns across different market cycles. The strategy is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index. HSBC Mutual Fund said the product is designed for “mid-ticket” investors and requires a…