Business - The Purbottar

25 May

Indian Silk House Agencies expands Northeast focus after successful first year in Guwahati

Business BureauBusiness

Indian Silk House Agencies, one of East India’s leading saree retailers, has completed one year of operations in Guwahati, strengthening its presence in the Northeast and expanding its reach in the organised saree retail market. The company said the Guwahati outlet has emerged as a preferred destination for saree buyers in the region over the past year, helping the brand deepen customer engagement in Northeast India. The store’s success, along with the recent launch of a new outlet in Silchar, has expanded the company’s Northeast footprint to two states within 12 months. Located in Guwahati, one of the fastest-growing urban…

25 May

Tea brands roll out regional and wellness blends on National Chai Day

Business BureauBusiness

As India celebrated National Chai Day, leading tea brands introduced a range of new blends focused on regional preferences, energy, wellness and traditional flavours, reflecting the evolving tastes of Indian consumers. From customised regional teas to wellness-based herbal blends, companies are increasingly targeting consumers seeking both flavour and health benefits in their daily cup of chai. Tata Consumer Products through its Tata Tea Premium brand continued to strengthen its “Desh Ki Chai” proposition by offering customised blends tailored to regional tea preferences across India. The company said the initiative includes state-specific packaging and localised communication inspired by regional pride, while…

25 May

Tata AIA launches dividend leaders pension fund for retirement wealth creation

Business BureauBusiness

Tata AIA Life Insurance has announced the launch of its new “Tata AIA Dividend Leaders Index Pension Fund”, aimed at helping consumers build long-term retirement wealth through investments in India’s leading dividend-paying companies. The newly launched fund will invest in 50 consistent dividend-paying firms and track the BSE 500 Dividend Leaders 50 Index through a passive investment strategy in line with IRDAI regulations. According to the company, the fund is designed to combine market-linked growth opportunities with life insurance protection while focusing on financially strong and established businesses. Tata AIA said dividends generated by companies in the portfolio will be…

25 May

Star Health launches affordable ‘Value Plus’ insurance plan in Guwahati

Business BureauBusiness

Marking 20 years since its foundation, Star Health and Allied Insurance Company Limited on Thursday launched ‘Value Plus’, an affordable health insurance product aimed at expanding healthcare coverage in Tier 2, 3 and 4 cities, including Guwahati. The company said the new plan offers sum insured options ranging from ₹7.5 lakh to ₹25 lakh for both individual and family floater covers at nearly 20 per cent lower premiums through a curated hospital network. The offering is available for adults aged 18 years and above and dependent children from 91 days to 25 years. According to the company, customers will receive…

25 May

Škoda Auto India launches ‘G.O.A.T’ campaign with national track record

Business BureauBusiness

Škoda Auto India has launched its new brand campaign titled ‘G.O.A.T – Greatest On A Track’, highlighting the company’s motorsport legacy and performance-oriented engineering across its product range. The campaign began with the company setting an India and Asia Book of Records title for the “Fastest Multi-Car Relay of a Single Manufacturer on a Circuit” at the Coimbatore Automotive Sports and Technical Training (CoASTT) track. The record-setting fleet, comprising the Kylaq 1.0 AT, Kushaq 1.5 DSG, Slavia 1.5 DSG, Octavia RS and Kodiaq Selection L&K, completed the relay in 12:30.97, including pit-lane changeovers. The Octavia RS emerged as the fastest…

25 May

Schneider Electric Projects Surge in India Data Center Business, Driven by AI Demand

nanika EditorBusiness

Schneider Electric expects its India data center business to outpace its core operations over the next four to five years. Driven by a surging demand for AI-ready infrastructure, the segment currently accounts for 15 to 20 percent of the company’s India revenue. Speaking to Reuters, Sumati Sahgal, Vice-President for Secure Power and Data Centres, Greater India Zone, highlighted that data centers and grid modernization will remain the company’s strongest growth themes. According to industry data from Astute Analytica, India's data center market is projected to skyrocket to over 31 billion dollars by 2035, maintaining a compounded annual growth rate of…

25 May

Huawei Skirts U.S. Sanctions Using New 1.4Nm Architectural Blueprint

anuprova EditorBusiness

Chinese tech giant Huawei has launched a new revolutionary semiconductor design framework to counter strict U.S. export controls. In a major tech forum, the company said it plans to achieve high-end computing performance comparable to a leading-edge 1.4-nanometer process by 2031, thus narrowing the gap with global leaders such as TSMC. With Washington blocking China’s access to the advanced extreme ultraviolet (EUV) lithography machines needed for traditional manufacturing, Huawei is moving away from conventional methods. Rather than focusing only on shrinking transistor sizes—an industry trend known as Moore’s Law that is already approaching atomic-scale limits—Huawei introduced what it calls the…

25 May

Sarala Microfinance empowers Darjeeling artisan with livelihood support

Business BureauBusiness

Sarala Development & Microfinance Pvt. Ltd. has continued its efforts to support women micro-entrepreneurs and preserve traditional rural craftsmanship through financial inclusion initiatives in West Bengal. In Darjeeling district, Anita Das, a local artisan engaged in crafting traditional rattan stools, has expanded her livelihood activities with the help of microfinance support provided by the company. Using techniques passed down through generations, Das produces small rattan stools that contribute to her household income while helping sustain indigenous craftsmanship in the region. According to the company, Das received her first microfinance loan of ₹50,000 from Sarala’s Champasari branch in January 2024. The…

25 May

Airbnb expands travel offerings with car rentals, FIFA experiences and boutique hotels

Business BureauBusiness

Global travel platform Airbnb on Wednesday announced a major expansion of its services and experiences, introducing car rentals, grocery delivery, airport pickups, luggage storage, boutique hotels and exclusive FIFA World Cup 2026 experiences as part of its summer 2026 update. The company said the new features are aimed at making travel more convenient and personalised for users worldwide. Airbnb co-founder and CEO Brian Chesky said travel should be “meaningful” and help people explore and learn through unique experiences. Among the new additions, Airbnb users can now book grocery delivery in partnership with Instacart across select US cities, airport pickups through…

24 May

Bonus Issues in Focus: LIC and PAE Limited Reward Shareholders with Free Shares to Boost Liquidity and Signal Financial Strength

Preeti SinghBusiness

Bonus shares and stock splits are key corporate actions companies use to reward existing investors and make their stock more accessible in the market. Bonus shares are additional equity shares issued free of cost to current shareholders, funded from a company’s accumulated reserves and surplus. While they increase the total number of shares held by an investor, the overall value of the holding remains unchanged immediately after the issue. Such moves are often seen as a sign of a company’s robust financial health and are aimed at reinforcing shareholder confidence.Stock splits work similarly in principle. In a split, the face…