Business - The Purbottar

02 Oct

North Bengal Emerges as a Prime Investment Hub for CG Corp, Mayfair, and IHCL

nanika EditorBusiness

Major hospitality and real estate players are heavily targeting West Bengal for expansion, spearheaded by the Nepalese conglomerate CG Corp Global, which has announced a monumental ₹2,000 crore investment plan spanning residential and commercial real estate, hospitality, healthcare, and education, with a primary focus on the immense untapped potential of North Bengal. CG Corp Global, led by managing director and CEO Varun Chaudhary, is already developing two Marriott-partnered hotels in the region and exploring tea tourism opportunities in Darjeeling, reflecting a surge in investor enthusiasm following recent political developments. This regional momentum is further amplified by other industry heavyweights, as…

01 Oct

Jet Fuel Cost Rises 13% How Will It Affect Your Next Flight Ticket

sunny EditorBusiness

Marking the third consecutive monthly review since August, state-run oil marketing companies have escalated aviation turbine fuel prices by approximately 16 rupees per litre, moving rates from 121 rupees to 137 rupees for domestic carriers and registering an impressive 13.22 per cent surge due to soaring global crude values late last month. In tandem with jet fuel, commercial cooking gas cylinder prices have climbed by 62.50 rupees in response to shifting international energy trends, compounding financial pressures across sectors. Given that jet fuel constitutes nearly 40 per cent of airline overhead costs, this sharp escalation deals a severe blow to…

01 Oct

OPPO K14 Plus launched in India with 8000mAh battery, 144Hz AMOLED display

Business BureauBusiness

OPPO India on Wednesday launched the OPPO K14 Plus, its latest K Series smartphone, with a focus on performance, durability, imaging and battery endurance. The device is powered by the Media Tek Dimensity 7360 MAX chipset and features a 17.22cm 1.5K 144Hz AMOLED Ultra Bright Display, 8000mAh battery, 50MP OIS main camera with 4K video recording and a 5000mm² VC cooling system. The smartphone is priced at Rs 29,999 for the 6GB+128GB variant, Rs 32,999 for 8GB+128GB and Rs 35,999 for 8GB+256GB. It will go on sale from October 8 through Flipkart and the OPPO India e-store. During the Flipkart…

01 Oct

TRAI finds wide variation in mobile network performance across Sonitpur

Business BureauBusiness

The Telecom Regulatory Authority of India (TRAI) has assessed mobile network quality across parts of Sonitpur district under the Assam Licensed Service Area (LSA), recording significant variations in coverage, call performance and data speeds among telecom service providers. The Independent Drive Test (IDT), conducted from August 10 to 13, 2026, covered 308 km of city routes, 10 hotspot locations and 1.6 km of walk tests. The exercise, conducted under the supervision of TRAI’s Regional Office, Kolkata, assessed voice and data services across 2G, 3G, 4G and 5G networks. According to the findings, Reliance JioInfocomm (RJIL) recorded the highest average download…

01 Oct

ICICI Prudential Life pays Rs 15 lakh average death claim, urges customers to review cover

Business BureauBusiness

ICICI Prudential Life Insurance paid an average individual death claim of Rs 15 lakh to families in FY2026, retaining its position with the highest average claim value for the second consecutive year among life insurers receiving more than 10,000 individual death claims annually, according to publicly available industry disclosures. For consumers, the figures underline the importance of periodically checking whether existing life insurance cover remains adequate as income, loans, family responsibilities and financial goals change. ICICI Prudential Life’s average individual death claim increased from around Rs 10 lakh in FY2021 to Rs 15 lakh in FY2026 and remained around Rs…

01 Oct

Amazon Now Doubles Reach as India’s Quick-Commerce Market Accelerates

nanika EditorBusiness

Amazon India is expanding its ultra-fast delivery ambitions, taking Amazon Now to more than 120 cities across the country, more than doubling its reach in just two weeks. The service, which promises deliveries within minutes, has now reached cities including Amritsar, Abohar, Jalandhar, Ambala, Mangalore, Manipal, Vizag, Kochi, Changanassery, Bhubaneswar and Karwar, extending quick-commerce access beyond major metropolitan markets. Amazon Now offers tens of thousands of everyday products, covering groceries such as fruits, vegetables and frozen foods, along with personal care, fashion and beauty products, small appliances, and home and kitchen essentials. Orders are supported by a network of nearly…

01 Oct

India campus hiring stays resilient as employers sharpen focus on skills and critical roles

Business BureauBusiness

India’s campus hiring market remains resilient, with employers increasingly prioritising specialised skills, critical roles and job readiness, according to Aon’s 15th annual Campus Study Report 2026-27. The study found that 56% of organisations plan to increase hiring of Chartered Accountancy and Company Secretary graduates, while 51% expect to hire more interns. About 40% intend to recruit more diploma holders and 36% foresee higher hiring of engineers. However, median intake sizes across several graduate cohorts have remained largely unchanged. Projected campus pay is expected to rise 2% to 7% year-on-year across major streams. Median total cost to company (TCC) for the…

01 Oct

Private assets could account for 30% of equity portfolios as markets mature: Renuka Ramnath

Business BureauBusiness

Private assets could gradually account for up to 30% of an investor’s overall equity allocation as India’s private markets mature, Multiples Alternate Asset Management Founder, Managing Director and CEO Renuka Ramnath said at Kotak Private Banking’s Take and Counter Take (TACT). Speaking on whether wealth creation is shifting from public to private markets, Ramnath said private and public markets should coexist in portfolios, with allocations determined by an investor’s risk appetite, return expectations and liquidity requirements. She suggested that an equity portfolio currently fully invested in public markets could potentially evolve towards a 70:30 public-private allocation. Ramnath said private equity…

01 Oct

Cyber attacks remain top business risk for Indian firms amid widening cyber resilience gap

Business BureauBusiness

Indian organisations continue to identify cyber attacks and data breaches as their top business risk, even as businesses strengthen formal response mechanisms, according to insights from Aon’s Global Risk Management Survey 2025. The survey found that 92.9% of organisations in India have formal plans and review processes for cyber attacks. However, the rapid adoption of artificial intelligence, cloud platforms, digital technologies and third-party service providers is creating new vulnerabilities and complicating efforts to assess exposure and financial losses. Aon said cyber resilience needs to be treated as an enterprise-wide risk involving governance, operations, business continuity, risk financing and leadership decision-making.…

01 Oct

Listed companies could drive next startup wave, investors should avoid FOMO: Nilesh Shah

Business BureauBusiness

Investors should avoid chasing “once-in-a-lifetime” investment opportunities driven by market narratives and fear of missing out, Nilesh Shah, Managing Director of Kotak Asset Management Company, said at Kotak Private’s Take and Counter Take (TACT). Speaking on “Is the Future of Wealth Creation Shifting from Public Markets to Private Markets?”, Shah said investors should remain patient and selective, noting that missing one opportunity does not mean missing the entire wealth-creation cycle. He also argued that the distinction between innovative startups and large listed companies could increasingly blur as established businesses create independent, startup-style units to pursue innovation. Citing an Indian manufacturer…