Business - The Purbottar

14 Apr

Nifty Eyeing 24,000 Milestone as Easing Geopolitical Tensions Spark Relief Rally

anuprova EditorBusiness

The Indian equity markets are braced for a bullish opening this Wednesday, with the Nifty 50 index widely expected to reclaim the psychologically significant 24,000 mark following a de-escalation in Middle Eastern tensions. Market sentiment has shifted overnight as renewed hopes for a diplomatic breakthrough between the U.S. and Iran have triggered a cooling effect on global crude oil prices, providing much-needed breathing room for import-dependent economies like India. Analysts suggest that the potential for a structured peace proposal has lured institutional investors back into the fold, reversing a multi-day sell-off driven by regional instability. Technically, the index has formed…

14 Apr

Xiaomi expands premium service network to 15 cities, launches new centre in Kolkata

Business BureauBusiness

Xiaomi on Friday announced the expansion of its Premium Service Centre network to 15 new cities across India, strengthening its nationwide after-sales ecosystem. The move marks the second phase of the company’s plan to set up 100 such centres, with all new facilities scheduled to be operational in Q1 2026, taking the total count to 25. As part of the rollout, Xiaomi launched its Premium Service Centre in Kolkata, alongside centres in cities including Coimbatore, Bhubaneswar, Vijayawada, Amritsar and Lucknow. The centres are designed as experience hubs offering faster repairs, dedicated technical expertise, product interaction zones and paperless operations aligned…

14 Apr

Tata Motors begins delivery of Electric Prima Trucks to BillionE, secures order for 250 more

Business BureauBusiness

Tata Motors has commenced deliveries of its Prima E.55S electric prime movers to BillionE Mobility, marking a significant step in India’s transition to zero-emission heavy-duty freight transport. The company also announced a fresh order of 250 additional electric trucks, underlining growing industry confidence in electric logistics solutions. The fleet will be rolled out in phases across major freight corridors in Gujarat, Rajasthan, Tamil Nadu, Karnataka, Maharashtra, Delhi NCR and Haryana, supporting long-haul transportation of steel, cement and other industrial goods. The first batch was handed over in the presence of Tata Motors MD & CEO Girish Wagh, BillionE founder Kartikey…

14 Apr

Nissan expands India footprint with 54 new touchpoints in Q1 2026

Business BureauBusiness

Nissan Motor India Pvt. Ltd. (NMIPL) has announced the launch of 54 new customer touchpoints across the country in the first quarter of calendar year 2026, marking one of its largest network expansion drives in India. The move significantly strengthens Nissan’s sales and service footprint and aligns with its broader product-led growth strategy. The newly added facilities include a mix of 3S (Sales, Service and Spare Parts), 2S and 1S outlets, strategically spread across key cities such as New Delhi, Mumbai, Ahmedabad, Hyderabad, Bengaluru, Patna, Jaipur, Pune and others. The expansion is aimed at enhancing accessibility, improving customer reach and…

14 Apr

HPCL crosses 10.7 lakh KL fuel movement in 10 days, strengthens digital LPG network

Business BureauBusiness

Hindustan Petroleum Corporation Limited (HPCL) has reported a record fuel supply performance, moving over 10.7 lakh kilolitres (KL) of petrol and diesel between April 1 and 10, 2026, underscoring its operational scale and supply efficiency. The company supplied 3,79,827 KL of petrol and 6,91,189 KL of diesel, supported by the deployment of 70,540 tankers to ensure uninterrupted nationwide availability. HPCL also delivered 146.4 lakh LPG cylinders during the same period, with infrastructure operating at peak capacity amid rising demand. The company highlighted growing adoption of Free Trade LPG cylinders, particularly among migrant and low-income households, reflecting efforts to expand inclusive…

14 Apr

ABD expands premium push in defence channel, scales CSD reach across 34 depots

Business BureauBusiness

Allied Blenders and Distillers Limited (ABD) has expanded its premium and semi-premium offerings in the Canteen Stores Department (CSD), strengthening its presence in the defence channel. The company announced the inclusion of ICONiQ White International Grain Whisky, Jolly Roger Premium Rum, and Kyron Premium Brandy in its CSD portfolio, building on existing brands such as Officer's Choice Blue and Sterling Reserve B10. The expansion enhances ABD’s footprint across 34 key depots nationwide, catering to a wide network of Ex-Servicemen canteens, Unit Run Canteens, Defence Officers’ Institutes, and Defence Clubs. The move is aimed at improving accessibility and offering a wider…

14 Apr

Turkish Airlines reshuffles leadership, appoints new chairman and CEO

Business BureauBusiness

Turkish Airlines has announced a major overhaul of its executive leadership, appointing Prof. Murat Şeker as Chairman of the Board and Ahmet Olmuştur as Chief Executive Officer, in a move aimed at strengthening its global aviation leadership. Prof. Şeker, who previously served as Chief Financial Officer, brings extensive experience in finance, investor relations, and international economic policy. With academic credentials from Marmara University, Sabancı University, and the University of Minnesota, he has also worked with the World Bank and held senior roles at Ziraat Bank. He has been associated with Turkish Airlines’ board since 2021 and currently chairs a financial…

14 Apr

Samarya Creation launches Aumora Music with Sameer Anjaan as founding partner

Business BureauBusiness

Samarya Creation has announced the launch of Aumora Music, an independent, artist-first label, marking its entry into India’s music industry with veteran lyricist Sameer Anjaan as founding partner. The announcement was made at a press conference in Mumbai attended by top company leadership including Manoj Agarwal, Sunil Goenka, Narendra Ruia and Vikas Agarwal. Aumora Music enters the market with 19 tracks already live across over 150 platforms such as Spotify, Apple Music, JioSaavn and YouTube Music. Backed by Phonographic Digital Limited for global rights management, the label has over 150 original compositions lined up across genres including Bollywood, devotional, folk,…

12 Apr

Digital surge in LPG bookings signals efficiency gains as MoPNG confirms supply stability

Business BureauBusiness

India’s LPG ecosystem is showing signs of improved efficiency and demand management, with the Ministry of Petroleum & Natural Gas (MoPNG) confirming that supply remains stable and adequate across the country. The Ministry’s assurance comes amid concerns over consumption patterns, with officials urging households to avoid panic buying and adopt responsible usage. From an economic standpoint, the strength of India’s LPG distribution network continues to play a critical role in maintaining equilibrium between demand and supply. MoPNG stated that supply chains are being closely monitored, indicating proactive inventory and logistics management to prevent disruptions. A key structural shift in the…

12 Apr

MoPNG doubles 5 kg LPG supply, eases norms to tap rising urban demand

Business BureauBusiness

The Ministry of Petroleum & Natural Gas (MoPNG) has expanded the supply of 5 kg Free Trade LPG (FTL) cylinders, removing earlier caps and doubling daily allocations across all States and Union Territories from April 7, in a move aimed at strengthening access to clean cooking fuel and addressing rising demand. The revised allocation, benchmarked against early March levels, is expected to support growing consumption in urban and semi-urban markets, particularly among migrant workers and low-income households. Alongside supply expansion, the Ministry has simplified access norms, allowing consumers to purchase 5 kg cylinders using basic identification such as Aadhaar or…