Business - The Purbottar

04 Jul

Adani Enterprises Boosts Share Sale Amid Global Investment Surge

nanika EditorBusiness

Gautam Adani has significantly expanded his group’s capital-raising efforts, upsizing a qualified institutional placement (QIP) as part of a broader $15-billion investment push across ports, mining, and flagship businesses. The latest moves signal renewed momentum for the conglomerate after it moved past its recent US regulatory and legal challenges. Adani Enterprises, the group’s flagship company, increased its share sale by 50 percent to ₹15,000 crore from the originally planned ₹10,000 crore. The offering drew strong investor interest, attracting bids worth approximately ₹38,000 crore—nearly 3.8 times the issue size. Major global investors, including The Capital Group, Goldman Sachs Group, Vanguard Group,…

04 Jul

BBC Investigation Finds Instagram Ads Promoting Child Abuse Content in India

anuprova EditorBusiness

A BBC investigation has revealed that advertisements appearing on Instagram allegedly promoted child sexual abuse-related content to users in India, raising serious concerns about online safety and the effectiveness of content moderation on major social media platforms. According to the report, the ads directed users toward accounts, groups, or channels that appeared to facilitate access to illegal and exploitative material involving children. The findings have intensified scrutiny of the platform's advertising systems and automated review processes, with child protection advocates calling for stronger safeguards to prevent such content from being promoted. Experts warned that recommendation algorithms and advertising tools can…

04 Jul

Stayfree launches Xpert XL to expand menstrual hygiene range

Business BureauBusiness

Stayfree has expanded its menstrual hygiene portfolio with the launch of Stayfree Xpert XL, a new sanitary napkin designed to offer enhanced protection, comfort and convenience for women. The company said the product has been introduced nationwide as part of its efforts to address evolving consumer needs and changing lifestyles. The new Stayfree Xpert XL features a 3-in-1 protection system comprising Gel Lock Pockets for deep and instant absorption, an Air Soft Cover for improved comfort during use, and a compact, individually wrapped design that fits easily into a pocket while allowing convenient disposal. The product is available in packs…

03 Jul

Bandhan Large Cap Fund marks 20 years with focus on disciplined long-term investing

Business BureauBusiness

Bandhan Large Cap Fund has completed 20 years, marking a milestone in its long-term investment journey built around stability, disciplined portfolio management and wealth creation through investments in fundamentally strong large-cap companies. The fund said it has remained focused on quality businesses capable of delivering consistent growth while navigating multiple market cycles, including periods of volatility, correction and economic expansion. The fund follows its Business, Management and Valuation (BMV) investment framework, selecting companies with established business models, sound corporate governance, strong management teams and reasonable valuations. It also employs a five-parameter stock selection process that evaluates return on equity, long-term…

03 Jul

Venezuela Crisis: India Sends Message of “Vasudhaiva Kutumbakam” as a Global First Responder

Business BureauBusiness

India has launched "Operation Amistad" to deliver relief and medical assistance to northern Venezuela following the devastating earthquake that struck the region. As part of this humanitarian mission, two Indian Air Force C-17 aircraft have departed carrying a 41-member medical team, a field hospital unit, medicines, two BHISHM Cubes, and approximately 35 tonnes of relief supplies.In the wake of two successive devastating earthquakes in Venezuela (measuring 7.2 and 7.5 on the Richter scale), India has once again emerged as a global "first responder." The Spanish word Amistad means "friendship."External Affairs Minister Dr. S. Jaishankar wrote on his X (formerly Twitter)…

03 Jul

Ai+ Smartphone announces the next sale of its recently launched Nova 2 Neo and Nova 2 Pro

Business BureauBusiness

Ai+ Smartphone has announced the next sale of its recently launched Nova 2 Neo and Nova 2 Pro after both smartphones witnessed a complete sell-out during their first sale on Flipkart on June 26. The devices were unveiled on June 22 at India's Got Nova, the brand's flagship launch event hosted by renowned Gadget Guru Rajiv Makhni, featuring comedian & Youtuber Samay Raina alongside Madhav Sheth, CEO, Ai+ Smartphone. The event also brought together leading technology creators, reviewers, members of the media and consumers as part of Ai+ Smartphone's Open Review Program, reinforcing the brand's commitment to transparency and community-led…

03 Jul

Trinity Business Park aims to reshape Northeast’s commercial landscape with mega Guwahati project

Business BureauBusiness

Trinity Business Park has announced the launch of a large integrated commercial development in North Guwahati, with plans to create one of Northeast India’s biggest organised business ecosystems. Spread across 16 acres with over 3 million sq. ft. of planned built-up space, the project will integrate retail, office spaces, hospitality and exhibition infrastructure within a single campus, with the first phases expected to become operational from 2027 onwards. Located at Amingaon, the development is designed to serve as a gateway for multinational corporations, technology firms and leading Indian enterprises looking to establish operations in the Northeast. The project comes amid…

03 Jul

Kotak strengthens India franchise with Deutsche Bank retail business acquisition

Business BureauBusiness

Kotak Mahindra Bank Ltd. has entered into a definitive agreement to acquire Deutsche Bank AG’s retail banking, affluent private banking and wealth management business in India, in a strategic move aimed at expanding its presence in the affluent customer and small and medium enterprise (SME) segments. The acquisition aligns with Kotak’s inorganic growth strategy while supporting Deutsche Bank’s Global Hausbank strategy of sharpening its focus on core businesses. The business being acquired comprises loans of around Rs 29,000 crore, deposits of nearly Rs 16,000 crore and assets under management worth approximately Rs 10,500 crore. It serves about 1.5 lakh customers…

03 Jul

Wow! Momolaunches 4 in 1 Momo Box to tap India’s growing demand for shareable meals

Business BureauBusiness

Quick service restaurant (QSR) chain Wow! Momo has launched its first-of-its-kind 4 in 1 Momo Box, a new offering that combines four different momo variants in a single shareable box, as the company looks to capitalise on the growing consumer demand for variety, value and group dining experiences. Priced from Rs. 349, the product is now available across Wow! Momo outlets for both dine-in and delivery. The 4 in 1 Momo Box features four flavours selected from the brand's portfolio of over 28 momo variants, including Darjeeling, Pahari Fresh, ChatpataPaneer, Corn Cheese, Hot Garlic Kurkure, Korean, Chicken Cheese Chili and…

03 Jul

HCL Technologies Shares Surge Over 7% After Securing $1.14 Billion AI-Led Digital Transformation Deal

anuprova EditorBusiness

Shares of HCL Technologies rallied more than 7% during Friday's trading session, emerging as the top gainer on the Nifty 50 after the IT major announced a $1.14 billion artificial intelligence-led digital transformation deal, one of the largest contracts in the company's history. The announcement sparked strong investor interest, with market participants viewing the mega deal as a significant boost to HCLTech's long-term revenue visibility and growth prospects amid rising global demand for AI-powered technology solutions. The multi-year contract is expected to accelerate the client's enterprise-wide digital transformation by leveraging advanced artificial intelligence, cloud computing, automation and digital engineering capabilities.…