Business - The Purbottar

28 Oct

Robust Operational Performance Propels Vedanta to Record Q2 EBITDA of ₹9,938 Crore

nanika EditorBusiness

Metals and mining conglomerate Vedanta Ltd reported a stellar performance for the second quarter ended September 2026, with consolidated profit after tax leaping 151 percent year-on-year to ₹6,202 crore compared to ₹2,471 crore in the corresponding period of the previous financial year. The company's total revenue surged 57 percent to ₹25,812 crore during the July-September quarter, up from ₹16,445 crore recorded in the same period last year. Driven by favorable market and regulatory environments alongside higher volumes, marketing gains, and operational efficiencies, earnings before interest, taxes, depreciation, and amortization reached a record ₹9,938 crore for Q2FY27, marking a 17 percent…

28 Oct

Stellantis plans 12 Jeep and Citroën launches, commits ₹4,000 crore for India growth

Business BureauBusiness

Stellantis has announced a fresh investment of approximately ₹4,000 crore in India over the next three years, alongside plans to introduce 12 products across its Jeep and Citroën brands under its FaSTLAne 2030 roadmap. The programme includes seven all-new products and five major upgrades, with the first launch scheduled for the second quarter of 2027. The company said the planned launches would cover B, C and D SUV segments, an MPV, an A-segment car and a premium pickup. The roadmap includes five Jeep and seven Citroën products, taking Stellantis’ cumulative investment in India from over ₹11,000 crore to approximately ₹15,000…

28 Oct

Sobha Realty expands in Abu Dhabi, eyes global growth as Indian buyers account for 20% of sales

Business BureauBusiness

UAE-based luxury real estate developer Sobha Realty has highlighted its expansion into Abu Dhabi and international growth ambitions ahead of the 2027 International Indian Film Academy (IIFA) Weekend, scheduled for January 22–23 at Etihad Arena, Yas Island. The company will return as Title Sponsor of IIFA Weekend for the fourth consecutive year and Co-Presenting Sponsor of the IIFA Awards 2027. Indian buyers account for 20% of its total sales, underlining India's importance to its business. A key development is Sobha City, an AED 40 billion master-planned community spanning approximately 38 million sq. ft. in Al Bahiya, Abu Dhabi, near Yas…

28 Oct

ICICI Life’s H1 profit rises 26.5% to ₹760 crore on strong business growth

Business BureauBusiness

ICICI Life Insurance Limited reported a 26.5% year-on-year rise in profit after tax (PAT) to ₹760 crore in the first half of FY2027, supported by robust growth in new business premiums and protection and annuity segments. The insurer’s new business premium increased 25% to ₹11,821 crore during the April-September period, while its value of new business (VNB) rose 22.3% to ₹1,283 crore, with a margin of 26%. Retail protection grew 47.2% and annuity business expanded 50%, pushing retail sum assured up 34.9% to ₹2.32 lakh crore. Chief Operating Officer Sidharatha Mishra said protection and annuity remained central to the company’s…

28 Oct

‘Advaita’ Can Help Resolve Global Crises; Nations Must Abandon Zero-Sum Thinking: Dr Jaishankar

Business BureauBusiness

On the occasion of United Nations Day, External Affairs Minister Dr S. Jaishankar shared India's perspective on global peace and diplomacy at the Chinmaya Amrit Mahotsav Global Sammelan. Presenting his views on the conference's central theme, 'Advaita' (One Reality), at Bharat Mandapam in New Delhi, he said that the concept of Advaita teaches us to move beyond narrow-minded thinking. According to a statement by the Ministry of External Affairs, Dr Jaishankar emphasised that the philosophy of 'Advaita', or 'One Reality', inspires us to completely abandon a 'zero-sum game' mentality, in which one side's victory comes at the expense of another's…

28 Oct

Isuzu Motors India marks 10 years of manufacturing, exports cross key milestones

Business BureauBusiness

Isuzu Motors India (IMI), a subsidiary of Japan-based Isuzu Motors Limited, has celebrated 10 years of vehicle manufacturing at its Sri City plant in Andhra Pradesh, marking a decade of domestic production, export growth and operational expansion. Inaugurated in April 2016, the facility has become a key manufacturing hub serving Indian and overseas markets, including the Middle East and neighbouring Asian countries. The company reached the milestone of producing its 100,000th Made-in-India vehicle in 2024 and has also exported more than one lakh engines. In FY2024-25, IMI emerged as India's leading commercial vehicle exporter, shipping 20,312 units, a 24% increase…

28 Oct

Palmonas unveils contemporary 9KT gold jewellery collection for festive gifting

Business BureauBusiness

Palmonas has curated a collection of 9KT gold jewellery featuring lab-grown diamonds, offering festive gifting options priced under ₹20,000. The selection combines traditional symbolism with contemporary designs, catering to consumers seeking versatile jewellery for celebrations and everyday wear. The collection includes six designs: the Bloom Cluster Ring, featuring lab-grown diamonds arranged in a floral pattern; the Forever Linked Heart Bracelet, showcasing an infinity-inspired motif with pavé diamonds; and the Swirling Pearl Earrings, which combine pearls with diamonds in a curved silhouette. Other offerings include the Luna Swing Halo Necklace, designed around a circular motif, and the Endless Love Infinity Mangalsutra,…

28 Oct

KPC Medical College’s solar investment highlights Kolkata’s institutional energy shift

Business BureauBusiness

KPC Medical College & Hospital, Jadavpur, has commissioned a 100 kWp solar power plant at one of its units, highlighting the potential for renewable energy adoption among the city’s health care and educational institutions. The college describes the installation as the first of its kind among private medical colleges in Kolkata. The project, designed and installed by Innovel Energy Services Pvt. Ltd., formerly Bhaskar Solar, is expected to reduce electricity expenditure over the long term. KPC Medical College CEO Debabrata Dutta said the investment is projected to pay for itself in approximately three years, with savings expected to continue for…

27 Oct

Norton Manx R wins top Red Dot honour, boosts brand’s premium market positioning

Business BureauBusiness

Norton Motor cycles’ Manx R has won the Red Dot: Best of the Best award in the Cars and Motor cycles category at the 2026 Red Dot Award: Design Concept, rein forcing the British marque’s ambitions in the global luxury performance motor cycle market. The recognition, awarded for ground breaking design, marks another milestone in Norton’s brand resurgence and follows the Manx R’s success at the 2026 International Design Excellence Awards. The accolades highlight the company’s focus on distinctive styling, premium detailing and emotional appeal as it seeks to strengthen its position in the high-end motor cycle segment. Simon Skinner,…

27 Oct

Tanishq launches Adhyantara jewellery collection inspired by the cosmos

Business BureauBusiness

Tanishq, the jewellery retail brand from the House of Tata, has launched Adhyantara, a new jewellery collection inspired by the beauty of the cosmos, ahead of Dhanteras. Featuring actress Triptii Dimri, the collection celebrates the multifaceted identity of the modern Indian woman through contemporary designs rooted in Indian craftsmanship. The collection comprises over 100 designs across four categories: Glass Kundan, plain jewellery with stones, plain gold and uncut diamonds. The range includes necklace sets, bangles, finger rings and mangalsutras in 18-karat and 22-karat gold, with individual designs weighing between 30 and 120 grams. Drawing inspiration from the sun, moon, stars…