Business - The Purbottar

09 Jul

Skoda Auto India posts record H1 sales, grows 7.5% to 38,894 units

Business BureauBusiness

Skoda Auto India has reported its highest-ever half-yearly sales, delivering 38,894 units in the first half of 2026, marking a 7.5 per cent increase over the corresponding period last year. The performance extends the company's growth momentum after achieving its best-ever annual sales in 2025 and represents the second consecutive year of record-breaking first-half sales in India. Ashish Gupta, Brand Director, Skoda Auto India, attributed the milestone to rising customer confidence and a focused product strategy. He said demand for the new Kushaq, updated Kodiaq and the all-new Kodiaq RS remained strong, with the Kodiaq RS selling out within six…

09 Jul

ColdStar enters Northeast with Guwahati cold-chain hub

Business BureauBusiness

ColdStar Logistics has marked its entry into Northeast India with the launch of a 20,000 sq. ft. multi-temperature warehousing facility in Kamrup, strengthening its presence in the country's fast-growing Tier II markets. The new distribution centre will serve businesses in the FMCG, dairy, confectionery, processed food, healthcare and retail sectors across Assam, while also functioning as a logistics hub for the Seven Sisters region, including Tripura, Mizoram and Manipur. The company said the facility has been designed with four temperature-controlled zones — Ambient, Tropical (+15°C to +25°C), Chiller (+2°C to +8°C) and Frozen (-20°C) — enabling seamless storage and movement…

09 Jul

Turkish Airlines restores Middle East network with resumption of key regional flights

Business BureauBusiness

Turkish Airlines has announced the phased resumption of flights to several Middle East destinations as it continues restoring its regional network following a temporary suspension of services. The carrier resumed flights to Abu Dhabi on July 1 and will restart services to Dammam on July 10, Kuwait on July 11 and Bahrain on July 16. The airline said the move follows the resumption of Dubai operations on June 9 and forms part of its broader strategy to strengthen connectivity across the Middle East through its Istanbul hub. Turkish Airlines has also increased frequencies on several existing routes, doubling Dubai services…

09 Jul

DP World expands India coastal shipping network with new vessel acquisition

Business BureauBusiness

DP World has expanded its coastal shipping operations in India with the acquisition of DP World Indus, a container vessel with a capacity of more than 2,500 TEUs, in a move aimed at strengthening domestic maritime connectivity and supporting the country's Maritime Vision 2030. The India-flagged vessel will be deployed for coastal cargo movement between major Indian ports, enhancing the company's ability to offer reliable, efficient and sustainable transportation services. DP World's Shipping Solutions network currently connects 14 Indian ports with a dedicated fleet of 10 vessels and handled more than 473,000 TEUs through coastal operations in 2025. The vessel…

09 Jul

Indriya unveils India’s largest hand-painted Madhubani hoarding in Bihar

Business BureauBusiness

Indriya, Aditya Birla Jewellery has unveiled what it claims is India’s largest hand-painted Madhubani hoarding in Patna, marking the launch of its Bihar-inspired bridal jewellery collection, Madhuragini. The 1,000 sq. ft. artwork, installed at the Boring Road entrance, pays tribute to Bihar’s rich cultural heritage and the centuries-old Madhubani art tradition. The record-sized installation was created over 15 days by 12 traditional Madhubani artisans in collaboration with the jewellery brand. Depicting the sacred wedding of Lord Ram and Sita, the artwork incorporates intricate linework, mythological motifs and culturally significant symbols associated with the art form. It also features life-size jewellery…

09 Jul

Hero MotoCorp announces Rs 3,200 crore Andhra Pradesh investment, breaks ground for Tirupati global parts hub

Business BureauBusiness

Hero MotoCorp has announced a cumulative investment of more than Rs 3,200 crore in Andhra Pradesh, including over Rs 750 crore for setting up its second Global Parts Centre (GPC) in Tirupati, as the two-wheeler maker looks to strengthen its manufacturing, logistics and electric mobility capabilities. The foundation stone for the new facility was laid on Wednesday in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu and Hero MotoCorp Executive Chairman Dr. Pawan Munjal. The investment is aimed at transforming Tirupati into a global manufacturing and electric mobility hub while reinforcing the company's domestic and international supply chain…

09 Jul

Axis Max Life crosses ₹2 lakh crore AUM milestone with steady growth

Business BureauBusiness

Axis Max Life Insurance Company Ltd. has crossed ₹2 lakh crore in Assets Under Management (AUM) as of June 30, 2026, marking a major milestone for the life insurer. The company said its AUM grew by over 8 per cent year-on-year, driven by a disciplined investment strategy, customer-focused offerings and sustained business growth.According to the company, the milestone reflects its emphasis on prudent risk management, diversified distribution channels, product innovation and a technology-driven operating model. Axis Max Life's investment portfolio spans government securities, corporate bonds, equities, commercial real estate, Alternate Investment Funds (AIFs), Infrastructure Investment Trusts (InvITs) and Real Estate…

09 Jul

Tata Motors drives 27% Q1 sales growth on strong commercial vehicle demand

Business BureauBusiness

Tata Motors began FY27 on a strong note, reporting a 27 per cent year-on-year increase in commercial vehicle sales to 1,08,488 units across domestic and international markets during the April-June quarter, supported by robust demand from infrastructure, mining, logistics and e-commerce sectors. The company said total commercial vehicle sales in June rose 35 per cent to 40,805 units from 30,238 units a year earlier. Domestic commercial vehicle sales increased 31 per cent to 36,599 units, while international business surged 83 per cent to 4,206 units during the month. For the quarter, domestic sales climbed 26 per cent to 1,00,348 units,…

09 Jul

Nissan posts 129% jump in June domestic sales, total wholesales rise 16%

Business BureauBusiness

Nissan Motor India Pvt. Ltd. (NMIPL) reported a 129 per cent year-on-year rise in domestic wholesales to 3,006 units in June 2026, marking its fourth consecutive month of domestic sales growth. The company also recorded exports of 5,340 units during the month, taking total wholesales to 8,346 units, up 16 per cent from the corresponding period last year. The company attributed the sustained growth to rising customer demand for its product portfolio, particularly the New Nissan Magnite and the recently launched all-new Nissan GRAVITE. Nissan said the continued domestic momentum reflects improving customer confidence and strengthening market presence across the…

09 Jul

IMF Says India Remains One of the World’s Fastest-Growing Economies Amid Global Economic Headwinds

anuprova EditorBusiness

India continues to rank among the world's fastest-growing major economies despite a slowdown in global growth, according to the International Monetary Fund (IMF). The multilateral institution highlighted the country's resilient economic fundamentals, robust domestic demand, and sustained policy reforms as key factors supporting its strong growth trajectory. While many advanced and emerging economies continue to grapple with slowing economic activity, elevated inflation, and geopolitical uncertainties, India has maintained steady momentum, driven by rising consumption, increased public investment, and expanding manufacturing and services sectors. The IMF noted that India's economic outlook remains favourable, supported by healthy macroeconomic indicators, a resilient banking…