Business - The Purbottar

28 May

Govt warns industries against buying fuel from retail pumps

anuprova EditorBusiness

The government has warned industrial consumers against buying fuel from retail petrol pumps, saying this could disrupt supply chains and strain the country’s fuel distribution network. The warning comes amid growing concerns about surging world crude oil prices and tightening fuel supplies due to geopolitical tensions in the Middle East.Officials said they expect industrial consumers to purchase their fuel directly from authorised bulk supply channels and not from diesel and petrol retail outlets meant for the general public. Authorities fear that a growing shift by factories, transport operators, and commercial users toward retail fuel stations could lead to shortages for…

28 May

NSDC ties up with Fourth Valley to boost skilled workforce mobility to Japan

Business BureauBusiness

National Skill Development Corporation has partnered with Fourth Valley Concierge Corporation to strengthen workforce mobility opportunities for Indian professionals seeking employment in Japan, the organisations said on Monday. Under the partnership, NSDC and the Tokyo-based global recruitment firm will work to build a structured verification system aimed at improving transparency, credibility and employer confidence in Indian talent entering the Japanese workforce. The initiative will use the “Credibility Check” framework developed by NSDC Trust, a group organisation of NSDC. The proposed verification process may include identity checks, educational and qualification verification, employment history validation, criminal background checks where legally permitted, and…

28 May

HPCL, Tata Motors join hands to build circular economy model for used lubricants

Business BureauBusiness

Hindustan Petroleum Corporation Limited (HPCL) and Tata Motors have partnered to develop a structured and scalable circular economy model for the responsible collection and recycling of used automotive lubricants in India. The two companies signed a Memorandum of Understanding (MoU) to pilot the initiative aimed at strengthening sustainable waste management practices and supporting India’s evolving Extended Producer Responsibility (EPR) framework. The collaboration seeks to establish an organised and traceable system for the collection, storage and recycling of used lubricants, which are classified as hazardous waste. The process will facilitate the conversion of used oil into high-quality re-refined base oil, helping…

28 May

Godrej Foundation launches ‘Tomorrow Makers’ to support talented students from disadvantaged backgrounds

Business BureauBusiness

The Godrej Foundation has announced the launch of ‘Tomorrow Makers’, a national platform aimed at identifying and supporting high-potential students from disadvantaged backgrounds across India in fields such as STEM, innovation, arts and defence. The initiative will support students from Classes 6 to 12 as well as graduates through programmes run by eight partner organisations. The platform seeks to bridge gaps in access to mentorship, advanced learning and career opportunities for students from underserved communities. According to the foundation, Tomorrow Makers will offer four pathways — STEM, Invention and Making, Arts, and Defence. Partner organisations include Avanti Fellows, Dakshana, Slam…

28 May

Counselling plays key role in helping couples make informed IVF decisions

Business BureauBusiness

Couples considering IVF treatment should receive detailed counselling before beginning the process, as informed discussions can help them better understand diagnosis, treatment options, success rates and emotional preparedness, according to fertility experts. Dr. Kalpana Jain, Fertility Specialist at Birla Fertility & IVF, said many couples arrive for their first IVF consultation carrying anxiety, unanswered questions and expectations about finding a clear path forward. However, the consultation process often introduces multiple decisions that need careful consideration. She said counselling is essential because treatment should begin only after a complete diagnosis is established for both partners. Understanding previous tests, identifying missing investigations…

28 May

Swiggy Exits the Burn: CEO Majety Rejects Amazon-Walmart Spending War

nanika EditorBusiness

In India’s hyper-competitive consumer tech arena, Swiggy is drawing a line in the sand. CEO Sriharsha Majety has announced a deliberate decision to step back from the aggressive spending war currently being waged by deep-pocketed giants like Amazon, Walmart-backed Flipkart, and Mukesh Ambani’s Reliance Retail. As these conglomerates battle to dominate the ten-minute delivery space with deep discounts, Swiggy is shifting its focus toward profitability and capital restraint. Following a challenging period—including a 30 percent dip in share value this year and slowing growth at its Instamart unit—investors have demanded a clear roadmap to profitability. Majety’s response is to reject…

27 May

Guwahati students excel in SOF International Olympiads 2025-26

Business BureauBusiness

Students from Guwahati delivered an impressive performance in the Science Olympiad Foundation (SOF) examinations for the academic year 2025–26, bringing recognition to the city on the international stage. The SOF Olympiads this year witnessed participation from millions of students across 72 countries, including more than 42,000 students from Guwahati. Among the top achievers, Nishanth Chettri of Class 1 from St. Rose School secured International Rank 1 in the International General Knowledge Olympiad (IGKO). Arnab Bhagowati of Class 4 from Modern English School achieved International Rank 1 in the National Science Olympiad (NSO), while Rohit Mahto of Class 4 from Happy…

27 May

TVS Motor tops global durable consumer goods ranking for shareholder value creation

Business BureauBusiness

TVS Motor Company has been ranked number one globally in the ‘Durable Consumer Goods’ category in the annual ‘Best Stocks in the World’ ranking published by Boston Consulting Group and Germany-based business weekly WirtschaftsWoche. The ranking evaluated more than 2,000 listed companies across 35 industries worldwide. According to the study, TVS Motor delivered an average annual Total Shareholder Return of around 51 per cent between 2021 and 2025, emerging ahead of competitors from Japan, China, the United States and India. The analysis stated that the company’s performance was driven by strong revenue growth, premium market valuation, improving profitability and a…

27 May

Supreme Court Revives Amazon-Future Deal Dispute, Overturns Anti-Trust Ruling

nanika EditorBusiness

In a major legal victory for US e-commerce giant Amazon, the Supreme Court of India on Wednesday set aside the ₹202 crore penalty imposed on the company by the Competition Commission of India (CCI). The top court also overturned the June 2022 order of the National Company Law Appellate Tribunal (NCLAT), which had previously rejected Amazon’s appeal against the suspension of its 2019 investment deal with the Future Group. A bench comprising Justices Vikram Nath and Sandeep Mehta delivered the landmark verdict, effectively striking down both the NCLAT judgment and the CCI’s December 2021 order. The antitrust regulator had initially…

27 May

India sends five-member team to Taipei WorldSkills tournament ahead of Shanghai 2026

Business BureauBusiness

Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education Jayant Chaudhary on Sunday flagged off the Indian contingent for the 2026 Taipei Capital Cup WorldSkills Invitational Tournament to be held in Taipei, Taiwan, from May 26 to 28. The five-member Indian team will compete against participants from around 15 countries in the international vocational and technical skills competition, which is being organised as a preparatory event ahead of WorldSkills Shanghai 2026. The competition focuses on promoting global skills development, technical excellence and workforce innovation. The send-off ceremony was attended by Skill Development…