Business - The Purbottar

12 Nov

Hero MotoCorp launches Xtreme 125R Stealth Edition with TFT, priced at Rs 1.16 lakh

Business BureauBusiness

Hero MotoCorp has launched the Xtreme 125R Stealth Edition with TFT, introducing advanced connectivity features and a segment-first Tyre Pressure Monitoring System (TPMS) in India's sporty 125cc motorcycle segment. The new variant features a 4.2-inch TFT instrument cluster with Bluetooth connectivity, offering turn-by-turn navigation, call and SMS alerts, and music control. The TPMS provides real-time tyre pressure information and instant alerts, enabling riders to monitor tyre health and improve riding safety. According to the company, the motorcycle also receives coloured alloy wheels and will be available in Midnight Black with Pearl Red Accents. Ashutosh Varma, Chief Business Officer – India…

12 Nov

New RBI Framework: Walk-In Remittance Limit Set at Rs 50,000 via NEFT

sunny EditorBusiness

Seeking to consolidate guidelines for Domestic Money Transfer to help unbanked populations like migrant workers access formal banking, the Reserve Bank of India introduced fresh directions effective Wednesday permitting walk-in customers at bank branches to remit up to Rs 50,000 via NEFT directly into a beneficiary account using the cash pay-in service, while banks are simultaneously empowered to permit transactions up to Rs 5,000 per transaction with a monthly cap of Rs 25,000 per remitter through ATMs and Business Correspondents, and furthermore allowed to facilitate cash pay-out services where money from customer accounts is delivered as cash to recipients without…

12 Nov

Tata Motors, Turno join hands to ease financing and ownership of electric commercial vehicles

Business BureauBusiness

Tata Motors has partnered with Finzo EV Solutions Pvt. Ltd. (Turno) to simplify the ownership of electric small commercial vehicles and pickups (e-SCVPUs) through customised financing schemes and an assured buyback programme. The memorandum of understanding (MoU), signed in Mumbai on November 11, 2026, will provide Tata Motors customers with quick loan disbursements, flexible repayment options and a 25 per cent assured buyback guarantee. The initiative aims to address financing challenges and provide greater certainty over the resale value of electric commercial vehicles. Varun Nair, Director of Turno, said the partnership would make the transition to zero-emission commercial mobility easier…

12 Nov

Amid Festive Spending Surge, Sponsor Banks Demand Stricter Fintech Due Diligence

nanika EditorBusiness

As India navigated its busiest spending season, the rapid surge in digital transactions became a critical stress test for the country’s financial ecosystem, prompting traditional banks to demand significantly tighter fraud controls from their fintech partners. According to industry sources and an internal communication sent by a sponsor bank to a fintech firm, traditional lenders are actively pushing payment companies to overhaul their risk management frameworks and plug vulnerabilities that bad actors exploit during peak transaction periods. Specifically, sponsor banks have instructed fintechs to enforce far more rigorous due diligence when onboarding new merchants, ensuring that shell entities or fraudulent…

11 Nov

Shyam Metalics brings Kolkata together for four-day Diwali celebration with Mithun Chakraborty

Business BureauBusiness

Shyam Metalics organised a four-day festive celebration, ‘Alokmoy Kolkata’, at Acropolis Mall from November 6 to 9, bringing together art, culture and community participation during Diwali. The grand finale on November 9 was attended by renowned actor Mithun Chakraborty as the special guest. The initiative featured creative installations highlighting Kolkata's cultural identity, including a tree of lights crafted using SEL Tiger TMT Bars and heritage-inspired structures, such as a tram and traditional taxi, made using SEL Tiger Roofing Sheets. Illuminated arches and festive decorations added to the celebrations. The programme included Phoolon Ki Rangoli on November 6, a rangoli competition…

11 Nov

ICICI Life introduces data-driven index fund combining stock momentum and financial quality

Business BureauBusiness

ICICI Life Insurance has introduced the ICICI Life BSE 500 Momentum Quality 50 Index Fund, a new equity investment option under most of its unit-linked insurance plans (ULIPs), using a factor-based investment approach to identify companies with strong financial fundamentals and consistent share-price growth. The fund will invest in 50 companies selected from the BSE 500 universe through a combination of two investment factors: momentum and quality. Its selection framework evaluates corporate financial health using parameters such as Return on Equity, Debt to Equity and Earnings per Share, alongside stock-price performance over the preceding 12 months. The portfolio will be…

11 Nov

Stock Market Rally: Investors Gain Rs 6 Lakh Crore Within Minutes of Opening Bell

sunny EditorBusiness

Indian stock markets kicked off Wednesday's trading session on a jubilant note reminiscent of a Diwali-afterglow, as a sharp multi-factor rally rapidly injected more than Rs 6 lakh crore into the total market valuation of BSE-listed companies during the first hour of business after a one-day holiday. The total market capitalisation surged from its opening mark of Rs 5,06,41,936 crore to reach Rs 5,12,45,010 crore by 10 AM, reflecting a phenomenal surge of Rs 6,03,074 crore in just 45 minutes as the Sensex rallied over 1,300 points and the Nifty 50 pushed up by more than 1 per cent. Market…

10 Nov

Safety Concerns Rise as Three Die During Maintenance at Apple Supply Hub in India

nanika EditorBusiness

Three contract workers tragically lost their lives due to asphyxiation late on Monday during routine maintenance work on an effluent treatment plant at a Tata Electronics facility located in Hosur, Tamil Nadu. The factory, a major manufacturing node that produces components for Apple Inc.’s flagship iPhones, has become a focal point of India's rapid integration into global tech supply chains, but this unfortunate event highlights critical operational and workplace safety vulnerabilities within high-stakes industrial environments. According to district official Dinesh Kumar, the incident occurred while the workers were servicing the wastewater treatment unit, prompting immediate concern from corporate management, state…

09 Nov

Resilient Q2 Performance for Tata Steel Supported by Domestic Strength and Cost Savings

nanika EditorBusiness

Tata Steel reported a consolidated profit after tax of ₹3,700 crore for the second quarter of FY27 ending September, marking a 16.2 per cent increase compared with ₹3,183 crore recorded in the corresponding period of the previous financial year. This robust financial performance was primarily propelled by stronger steel prices alongside expanded shipment volumes across domestic operations, effectively balancing persistent weakness within European markets. Operations in India stood out as the cornerstone of the company’s performance, registering a 20 per cent surge in profit to reach ₹5,055 crore during Q2 FY27. Consolidated steel deliveries remained largely flat at 7.92 million…

07 Nov

Berger Paints posts 13.2% consolidated revenue growth in Q2 FY27, net profit rises 5.2%

Business BureauBusiness

Berger Paints India Limited reported a 13.2% year-on-year increase in consolidated revenue from operations to Rs 3,200.4 crore in the second quarter ended September 30, 2026, compared with Rs 2,827.5 crore in the corresponding quarter of the previous financial year. Consolidated EBITDA, excluding other income, rose 5.2% to Rs 370.7 crore, while net profit increased 5.2% to Rs 217.1 crore from Rs 206.4 crore a year earlier. On a standalone basis, revenue grew 11.9% to Rs 2,750.1 crore. However, EBITDA declined 4.4% to Rs 297.5 crore and net profit fell 7.3% to Rs 163.3 crore, reflecting pressure from rising raw…