Business - The Purbottar

20 May

Zomato shares downfall 5%, analysts raise concerns over intensifying competition; Swiggy also drops nearly 2%

editorBusiness, News

Zomato Share Price: Zomato shares fell 5% to ₹264.85 per share on the NSE after global brokerage firm Jefferies raised concerns over rising competition in the quick commerce space. After Zomato's shares more than doubled in value in 2024, analysts at Jefferies forecast that 2025 could be a breather year, with the stock possibly shifting gears into a price consolidation phase. According to news reports, the brokerage said that aggressive strategies by existing players and entry of new competitors could lead to higher discounts, which could pose risks to Zomato's medium-term profitability. The brokerage said that apart from Zomato's Blinkit,…

19 May

Gold futures jump: Prices gain by Rs 918 per 10 grams

editorBusiness, News

New Delhi, May 19: Gold prices on Monday rose by Rs 918 to Rs 93,359 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.On the Multi Commodity Exchange, gold contracts for June delivery rose by Rs 918, or 0.99 percent, to Rs 93,260 per 10 grams in a business turnover of 10,743 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures rose 0.80 percent to USD 3,229.30 an ounce in New York.

19 May

Skill India launches AI-powered assistant on WhatsApp to revolutionize digital skilling nationwide

Business BureauBusiness

In a groundbreaking move to boost digital skilling across India, the Ministry of Skill Development and Entrepreneurship (MSDE) today unveiled the Skill India Assistant (SIA), an AI-powered digital tool developed in partnership with Meta. Powered by Meta’s open-source Llama AI models, SIA is the first large-scale public skilling initiative on WhatsApp, making it easily accessible to millions of users nationwide via +91 8448684032 and the Skill India Digital Hub. The initiative aims to provide personalized skilling course recommendations, locate nearby training centers, and highlight job opportunities tailored to individual needs. Union Minister Jayant Chaudhary emphasized how AI integration into WhatsApp…

19 May

Governor of Odisha launches NSDC International Academy and ‘Skill on Wheel’ to boost youth employment

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Governor of Odisha, Dr. Hari Babu Kambhampati, inaugurated the National Skill Development Corporation (NSDC) International Academy at the Skill Development Institute (SDI), Bhubaneswar, marking a significant step toward empowering youth with global skills. The Governor also flagged off the ‘Skill on Wheel’ mobile training unit, aimed at delivering skill development to rural and remote areas across Odisha. This new academy, the first of its kind in Bhubaneswar, will offer comprehensive foreign language training and pre-departure support, preparing young Indians for international job markets. The ‘Skill on Wheel’ initiative seeks to democratize access to modern skill training by bringing industry-aligned programs…

19 May

Tata Power posts Rs 1,306 cr Q4 profit, commits Rs 30,000 cr investment in Assam’s clean energy future

Business BureauBusiness

Tata Power has reported a stellar performance in Q4FY25, with Profit After Tax (PAT) rising 25% year-on-year to ₹1,306 crore, marking its 22nd consecutive quarter of profit growth. The company’s revenue for the quarter stood at ₹17,328 crore, up 7% YoY, while EBITDA rose 14% to ₹3,829 crore. For FY25, Tata Power achieved its highest-ever annual revenue of ₹64,502 crore and PAT (before exceptional items) of ₹5,197 crore, up 26%—crossing the ₹5,000 crore milestone for the first time. CEO & MD Dr. Praveer Sinha hailed FY25 as a landmark year, citing robust performance across all verticals including renewables, generation, and…

19 May

Bajaj Allianz Life unveils smart pension plan with market-linked growth for early retirement

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Bajaj Allianz Life Insurance has launched the Bajaj Allianz Life Smart Pension, a flexible, market-linked pension plan designed to help individuals build a robust retirement corpus. The plan features the newly introduced Bajaj Allianz Life Nifty 200 Alpha 30 Index Pension Fund, which invests in 30 high-alpha stocks selected using Jensen’s Alpha to maximize growth potential. Customers can choose from this fund or five other options, tailoring investments to their risk appetite. The policy term starts at 10 years with a vesting age beginning as early as 45 years, catering to early retirees. Key benefits include tax-free withdrawal of up…

19 May

Yamaha ignites racing passion with thrilling track day event in Guwahati

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Guwahati witnessed an adrenaline-packed day as India Yamaha Motor Pvt Ltd organized its much-anticipated Track Day on May 18, 2025, at the JR Karting facility. Over 100 Yamaha motorcycle owners from Guwahati and nearby regions gathered to experience the excitement of track riding firsthand. Focused on Yamaha’s popular R15 and MT-15 models, the event provided riders with expert guidance on essential racing techniques such as racing lines, body positioning, lean angles, throttle control, and brake modulation — all designed to boost rider confidence and safety on the track. Marking a milestone, the event celebrated the production of one million Yamaha…

17 May

Jayant Chaudhary charts bold skilling vision as five NSTIs chosen for National Centres of Excellence

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In a significant step towards reshaping India’s vocational education landscape, Minister of State (Independent Charge) for Skill Development and Entrepreneurship, Shri Jayant Chaudhary, chaired a high-level session titled Skill Milan with heads of five National Skill Training Institutes (NSTIs) selected for upgradation into National Centres of Excellence (NCoEs). The initiative follows the Union Cabinet’s approval of the ₹60,000 crore National Scheme for ITI Upgradation on May 7. The five NSTIs—located in Bhubaneshwar, Chennai, Hyderabad, Kanpur, and Ludhiana—will anchor future-ready skill training, focusing on high-quality instructor development and sector-specific skilling in areas such as AI, electric vehicles, textiles, and advanced manufacturing.…

17 May

Solve For Tomorrow 2025′: Samsung India Calls for Innovative Solutions

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Samsung India has announced the fourth edition of its nationwide innovation competition ‘Solve for Tomorrow 2025’, offering over ₹1 crore in grants to fuel youth-led tech solutions. Open to students aged 14-22, the initiative will run for six months, with applications accepted from April 29 to June 30, 2025. The top four winning teams will receive a ₹1 crore grant for project incubation at IIT Delhi. Additionally, the top 20 teams will be awarded ₹20 lakh and Samsung ZFlip smartphones, while the top 40 teams will receive ₹8 lakh and Samsung laptops. This edition introduces two new global themes: Social…

17 May

Kartik Aaryan named brand ambassador for Thomas Cook India’s new borderless travel card

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Thomas Cook (India) Limited, a leading player in India’s foreign exchange market, has appointed Bollywood star Kartik Aaryan as the brand ambassador for its newly launched prepaid multicurrency Borderless Travel Card. The strategic move aims to target India’s millennials and Gen Z travelers, a segment that is rapidly driving outbound travel growth. The Borderless Travel Card offers a seamless, secure, and convenient solution for international travelers by eliminating the hassle of managing multiple currency cards, lounge access passes, SIM cards, and cash. The campaign, featuring Kartik in a relatable story of two friends planning a holiday, highlights how the card…