Business - The Purbottar

18 Sep

Sustainability and Shared Growth at the Core of PepsiCo’s India Strategy

nanika EditorBusiness

PepsiCo says its global sustainability programme, PepsiCo Positive (pep+), is delivering measurable business and environmental progress, with India emerging as a key market for further expansion. According to the company’s 2025 ESG Performance Update, regenerative, restorative and protective farming practices have been extended to 4.7 million acres across more than 60 countries, while PepsiCo has achieved 100 per cent water replenishment at company-owned facilities in high-water-risk areas and reduced virgin plastic use in primary packaging by 6 per cent. In India, the programme operates under the company’s “Partnership for Progress” approach, engaging around 36,000 farmers across 14 states. PepsiCo said…

18 Sep

ASCI unveils Vision 2032 to strengthen trust in India’s evolving ad ecosystem

Business BureauBusiness

The Advertising Standards Council of India (ASCI) has unveiled Vision 2032, a roadmap for 2027-2032 aimed at strengthening trust and self-regulation across India’s rapidly evolving advertising ecosystem. The announcement was made at ASCI’s 40th Annual General Meeting on Wednesday. Under the roadmap, ASCI Academy plans to establish three Centres of Excellence over the next 12-15 months covering legal and regulatory policy, responsible artificial intelligence (AI) innovation in advertising, and creator excellence and trust. The initiatives will address emerging challenges linked to AI-generated claims, synthetic media, personalised communication, influencer marketing, retail media and new digital formats. ASCI said the Legal and…

18 Sep

Axis Bank, Cognizant go live with automation-led AMS 2.0 initiative

Business BureauBusiness

Axis Bank and Cognizant have announced the successful implementation and go-live of Cognizant’s Application Management Services (AMS) under the bank’s AMS 2.0 initiative, aimed at strengthening application support, operational consistency and automation. The jointly driven programme focuses on delivery governance, standardised processes and automation-led operations to improve service reliability, cost efficiency, productivity and scalability, while maintaining emphasis on governance, compliance and operational discipline. Spearheaded by Axis Bank, AMS 2.0 is part of its broader technology transformation programme to build a scalable and resilient IT operating model and improve system reliability and stakeholder experience. Under a five-year agreement, Cognizant will support…

18 Sep

PepsiCo advances sustainability push across farming, water and packaging

Business BureauBusiness

PepsiCo has reported progress in its environmental, social and governance (ESG) initiatives across water stewardship, regenerative agriculture, circular packaging and nutrition, as part of its PepsiCo Positive (pep+) ambition. The company’s 2025 ESG Performance Update said regenerative, restorative and protective farming practices now cover 4.7 million acres across more than 60 countries, while virgin plastic use in primary packaging has been reduced by 6%. In India, PepsiCo engages around 36,000 farmers across 14 states and sources 100% of its chip-grade potatoes locally. Its Lay’s Smart Farms programme covers more than 18,000 mapped acres and provides insights to over 7,000 farmers,…

18 Sep

AM/NS India secures dual BIS licences for specialised steel products

Business BureauBusiness

Arcelor Mittal Nippon Steel India (AM/NS India) has secured Bureau of Indian Standards (BIS) licences under two new standards, becoming the first steel manufacturer in India to receive the All India First BIS Licence for IS 2062 (Part 2):2026 for hot-rolled quenched and tempered (Q&T) steel plates, sheets, strips and wide flats. The company has also secured a BIS licence under IS 19210:2025 for pre-painted Zinc-Aluminium-Magnesium (Zn-Al-Mg) alloy coated steel strip and sheet. The certifications are expected to expand domestic availability of specialised steel for infrastructure, defence, heavy engineering and industrial applications, while supporting import substitution. BIS certification is mandatory…

18 Sep

Tata AIA Life Insurance launches Shubh SIP to align wealth, protection and retirement planning

Business BureauBusiness

Tata AIA Life Insurance has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) aimed at combining market-linked wealth creation, family protection and retirement planning within a single long-term financial solution. The plan offers market-linked investment opportunities along with Loyalty Additions and Maturity Boosters, subject to applicable policy terms and conditions. Its Waiver of Premium feature includes 1X, 2X and 3X options, while a Family Income Continuation Benefit provides additional monthly income to dependents. The Retirement/Whole Life option enables policyholders to build a retirement corpus and opt for an automatic Systematic Withdrawal Plan (SWP) from age 60, either through…

18 Sep

Tata Trusts’ Chairman tables proposal for providing liquidity to the SP Group

Business BureauBusiness

At the Board meeting of Tata Sons Private Limited (“Tata Sons”) held today, Chairman, Tata Trusts, Mr. Noel N. Tata, tabled a proposal received from the Shapoorji Pallonji Group (“SP Group”) regarding monetization of a portion of the Tata Sons shareholding held by Sterling Investments Corporation Private Limited (“SICPL”) and Cyrus Investments Private Limited (“CIPL”). This was in the context of meetings and discussions held earlier between Mr. Noel N Tata, Mr. N. Chandrasekaran and Mr. Shapoor Mistry.The transaction envisages a sale of such number of Tata Sons shares held by SICPL and CIPL as would, at a minimum valuation,…

18 Sep

The Tata Trusts ask Tata Sons to explore options other than Listing – the Tata Model has to be saved

Business BureauBusiness

Mr. Noel N. Tata, at the Tata Sons Board meeting held today, reiterated the position of the Tata Trusts regarding preserving the more than a century old structure of Tata Sons and the Tata Group which has steadfastly stood for the national good.The Tata Trusts have not agreed to listing of Tata Sons. The communication received from the Reserve Bank of India on 11th September 2026 was discussed at the board meeting today. The Board agreed that all available options, and not listing alone, should be thoroughly explored and assessed on an immediate basis, with the findings and recommendations presented…

18 Sep

Tata Trusts call Chandrasekaran reappointment resolution illegal, insist succession process must continue

Business BureauBusiness

Tata Trusts on Thursday reiterated that the resolution seeking to reappoint Tata Sons Chairman N. Chandrasekaran is “illegal”, asserting that his earlier decision not to seek another term had already attained finality and that the succession process should proceed under the company’s Articles of Association. The Trusts said Chandrasekaran had informed the Tata Sons Board on August 12 that he would not offer himself for reappointment after his tenure ends on February 20, 2027. According to the Trusts, they formally accepted the decision the following day and advised the company to constitute a Selection Committee to appoint a successor. At…

18 Sep

Tata Motors to hike commercial vehicle prices by up to 1% from October

Business BureauBusiness

Tata Motors, India’s largest commercial vehicle manufacturer, on Thursday announced a price increase of up to 1% across its commercial vehicle range, effective October 1, 2026, citing higher commodity prices and other input costs. The company said the extent of the increase will vary depending on the model and variant. The move comes as manufacturers across the automotive sector continue to manage cost pressures arising from fluctuations in key commodities and other production inputs. Part of the USD 180-billion Tata Group, Tata Motors has more than eight decades of experience in commercial mobility and manufactures utility vehicles, pick-ups, trucks and…