Blog - The Purbottar

22 Sep

ICICI Prudential Life posts 99.31% claim settlement ratio in Q1-FY2027

Business BureauBusiness

ICICI Prudential Life Insurance reported a claim settlement ratio of 99.31% in Q1-FY2027, the highest among leading life insurers in India based on public disclosures through Form L-39 and L-40. The insurer settled individual death claims worth Rs.414.08 crore during the quarter, while its average claim value stood at around Rs.15 lakh, which the company said was the highest among leading life insurers during the period. For non-investigated claims, the average settlement turnaround time was one day from the date of receipt of the last document. Mr. Sarang Gokhale, Chief - Underwriting and Retail Claims, ICICI Prudential Life Insurance, said,…

22 Sep

PlatinumRx says Indian families may be overlooking the annual cost of chronic medicines

Business BureauBusiness

Indian families often do not track the cumulative cost of medicines taken for chronic conditions despite recurring monthly expenses, according to data shared by affordable chronic medications platform PlatinumRx. The company said a household spending ₹5,000 a month on medicines for conditions such as diabetes or hypertension could spend about ₹60,000 annually. PlatinumRx said its model of sourcing the same salt compositions directly from GMP-certified manufacturers and eliminating distributor and stockist markups can reduce medicine costs by up to 60%, potentially bringing a ₹5,000 monthly bill down to around ₹2,000. “Most families don't realise how much a chronic condition costs…

22 Sep

India Defend Total To Seal Epic 2-Run Victory Against Japan In Historic Clash

sunny EditorSports

Tuesday's historic one-off T20I in Sano saw India eke out a narrow two-run win against Japan in a rain-truncated match where Indian batters struggled against the spin and extra bounce of the Sano International Cricket Stadium to put up 32 for 4 in 5 overs, but the bowlers stepped up to restrict Japan to 30 for 3 led by Washington Sundar's bowling figures of 2 for 13, while in India's innings, captain Shreyas Iyer scored a team-high 16 runs off 12 deliveries with a boundary and Sanju Samson chipped in with 9 runs from 7 balls including one four, as…

22 Sep

PhonePe Secures Initial UAE Central Bank Nod for Payment Operations

nanika EditorBusiness

PhonePe has received in-principle approval from the UAE central bank for two licences covering retail payment services, card schemes and stored value facilities, marking a step toward the Indian fintech company's entry into the Gulf market. The Walmart-backed company said the approval followed initial regulatory due diligence, but it still requires final approval from the UAE central bank before beginning commercial operations. Once final clearance is secured, PhonePe said it plans to work with regional banks, licensed payment service providers and local technology vendors. Launched in 2016, PhonePe operates a digital payments platform that enables users to recharge, pay bills…

22 Sep

Local Views Discussed at Project Meet

Sonakshi SarkarArunachal Pradesh

Arunachal Pradesh Chief Minister Pema Khandu chaired a consultative meeting with officers and officials from Siang and Upper Siang districts to discuss the proposed Siang Upper Multipurpose Project and the technical and local issues associated with the development initiative.The meeting focused on understanding the proposed project in greater detail, including its technical aspects and its significance for the state. Discussions also covered concerns and apprehensions that may exist among communities in the affected and surrounding areas. During the interaction, Khandu said tribal officers and officials have a close connection with their respective communities and are familiar with the aspirations, sentiments…

22 Sep

Tata Sons board resolution on Chandrasekaran reappointment challenged over voting rights

Business BureauBusiness

The resolution to reappoint N Chandrasekaran as Chairman of Tata Sons at the company’s September 17 board meeting was not validly passed, according to a statement challenging the decision on the grounds of the voting rights of Tata Trusts’ nominee directors. The statement said Tata Sons’ Articles of Association (AoA) require the affirmative support of a majority of directors nominated by Tata Trusts, which hold approximately 66 per cent of the company. With two Tata Trusts nominees on the board, the statement argued that both directors were required to support the resolution. It said one of the two nominees voted…

22 Sep

Turkish Airlines wins top European airline title for 11th time at 2026 Skytrax awards

Business BureauBusiness

Turkish Airlines has been named “Best Airline in Europe” for the 11th time at the 2026 Skytrax World Airline Awards, strengthening its position in the global aviation market. The awards, regarded as the ‘Oscars’ of the aviation industry, were presented at a ceremony in London on September 18. The airline also secured the “World’s Best Business Class Onboard Catering” award for the 10th time and “Best Airline in Southern Europe” for the 13th time. With five additional awards across Economy and Business Class categories in Europe and Southern Europe, Turkish Airlines received a total of eight accolades at the ceremony.…

22 Sep

Shalimar Paints launches Hero Titan X16 and Zero Damp Titan X16 for premium exterior protection

Business BureauBusiness

Shalimar Paints has launched Hero Titan X16 and Zero Damp Titan X16, an integrated two-layer exterior protection system aimed at the premium and ultra-luxury residential segment. The company said the system combines waterproofing, exterior aesthetics and a Thermal Barrier Mechanism, backed by dual 16-year warranties for waterproofing and durability. Zero Damp Titan X16 serves as the waterproofing base coat and uses PU-Silicone Elastomeric Matrix Technology, offering elasticity, adhesion and crack-bridging capability of up to 3mm. Hero Titan X16, applied as the upper layer, features Tri-Shield Polymer Technology and Photo-Stable Colour Lock Technology. According to the company, the system can reduce…

22 Sep

PRISM-owned Weddingz to add 50 company serviced banquets in ’26

Business BureauBusiness

Weddingz, the weddings and events business of PRISM, plans to scale its network of company-serviced banquets to 50 venues across key Indian markets in 2026, building on the 25 banquets it has successfully launched across India with encouraging response. The company will focus its rollout on cities such as Gurugram, Kolkata, Jaipur, Ghaziabad, Patna and Mumbai, where the model has already received an encouraging response. The expansion marks a significant push into professionally operated venue management in India’s fast-growing celebrations, events and banqueting sector. Under the company-serviced model, Weddingz brings its technology, hospitality expertise, sales capabilities and operating systems directly…

22 Sep

Kalyan Jewellers unveils redesigned Guwahati showrooms with launch offers

Business BureauBusiness

Kalyan Jewellers has announced the launch of its redesigned showrooms at Lachit Nagar and A.T. Road in Guwahati, with Bollywood actor Ajay Devgn scheduled to inaugurate the outlets on September 23 at 5 pm and 5:45 pm, respectively. The revamped showrooms will feature contemporary jewellery collections and an upgraded shopping experience. The outlets will also mark Kalyan Jewellers’ third outlet in Assam, as the company continues to expand its presence in the state. Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers, said Assam remains an important market for the company and that the redesigned stores are aimed at providing customers with greater…