Business - The Purbottar

02 Feb

Gold Slips 3%, Silver Crashes 9% After Budget as Profit Booking Hits Bullion Market

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Gold and silver prices witnessed a sharp correction on February 2, 2026, a day after the Union Budget, as profit booking and lack of fresh policy triggers weighed on bullion markets. Gold prices fell nearly 3 per cent, while silver plunged around 9 per cent in domestic trade.The decline came after the government kept customs duty on gold and silver imports unchanged in the Budget, dampening bullish expectations. On MCX, April gold futures dropped 6 per cent, or ₹9,140, to open at ₹1,43,205 per 10 grams. In the physical market, 99.9 per cent purity gold slipped ₹3,500 to ₹1,65,500 per…

31 Jan

PM E-DRIVE certification reshapes India’s electric truck market as Montra delivers first heavy-duty EV to UltraTech

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Montra Electric, the e-M&HCV business of the Murugappa Group, has emerged as a first mover in India’s electric heavy truck market after becoming the country’s first manufacturer to receive certification under the Government of India’s PM E-DRIVE Scheme. The company marked the milestone by delivering the first PM E-DRIVE–certified electric heavy truck the Rhino 5538 EV 6x4 tractor trailer to UltraTech Cement Limited, signalling growing institutional demand for zero-emission freight solutions. The vehicle was flagged off and handed over by Arun Murugappan, Chairman, Montra Electric (TI Clean Mobility Private Limited), in the presence of senior executives from both organisations. Market…

31 Jan

Tata Motors CV business posts strong Q3 FY26 on higher volumes, margins improve

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Tata Motors Limited has reported a strong performance in its Commercial Vehicles (CV) segment for the quarter ended December 31, 2025, driven by higher volumes, improved realizations and disciplined cost management. The CV business recorded revenue of ₹21,533 crore in Q3 FY26, up 17% year-on-year, while EBITDA rose 19% to ₹2,700 crore. EBITDA margin improved to 12.7%, marking the 10th consecutive quarter of double-digit margins, while EBIT margin crossed the double-digit mark to 10.6%. Profit before tax (before exceptional items) increased by ₹609 crore to ₹2,290 crore. Free cash flow surged to ₹4,752 crore during the quarter. Strong operating performance…

31 Jan

Sunfeast Wowzers dials up indulgence with ‘Cheesier’ new youth-focused campaign

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As indulgence-led snacking continues to evolve, young consumers are increasingly seeking products that deliver intensity, personality and share-worthy experiences beyond taste alone. Responding to this shift, Sunfeast Wowzers from ITC Ltd. has unveiled its latest campaign, ‘Wowzers Cheesy Nahi Cheesier’, promising to deliver a heightened ‘wow’ in every bite. The new communication highlights Wowzers’ signature 28-layer cracker enrobed in an indulgent cheesy crème, positioning the snack as not just cheesy in flavour but “cheesier” in experience. Conceptualised by Ogilvy, the campaign film is set in a vibrant, high-energy environment and captures spontaneous snack moments among friends, reflecting contemporary youth culture.…

31 Jan

Doctor says, Road Safety is a Public Health Priority

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Road accidents are among the leading causes of injury, disability, and death globally. While most incidents are preventable, they continue to place a heavy burden on families, healthcare systems, and society. From a medical perspective, road safety must be viewed as a public health responsibility that extends beyond traffic regulations and requires conscious behaviour from every road user. Dr Kunal Kanti Pal, Orthopaedic Consultant at CMRI Kolkata, said his experience in emergency and trauma care highlights the real and lasting impact of unsafe roads. “As an orthopaedic surgeon working in emergency care, I see the consequences of road accidents every…

31 Jan

JK Cement commissions Buxar plant, crosses 31 MTPA capacity; enters top five grey cement makers

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JK Cement Ltd. on Thursday announced the commissioning of its new grey cement plant in Buxar, Bihar, taking its total production capacity to 31.26 million tonnes per annum (MTPA) and making it India’s fifth-largest grey cement manufacturer. The new facility, spread across 100 acres, has a production capacity of 3 MTPA and marks a significant milestone in the company’s expansion journey. With this addition, JK Cement has crossed the 30 MTPA threshold, strengthening its national footprint and long-term growth strategy. Commenting on the development, Dr. Raghavpat Singhania said the commissioning of the Buxar plant represents a strategic step towards expanding…

31 Jan

Starting the Day Right: Coffee as a Productivity Enabler

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In an increasingly fast-paced world, productivity is no longer driven by speed alone but by how intentionally one begins the day. Coffee has evolved from a quick caffeine boost into a purposeful morning ritual, one that helps reset the mind, build focus, and ease into the day with clarity and balance. Instant coffee, in particular, has become an enabler of this shift, offering a seamless way to preserve the ritual even on the busiest mornings. Rooted in Tata’s long-standing legacy in coffee, built on decades of expertise and trust, Tata Coffee Grand fits naturally into this modern “start your day…

31 Jan

South African Tourism to host 22nd Annual India Roadshow across five cities in February

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Reinforcing its long-standing focus on the Indian outbound market, South African Tourism on Wednesday announced the 2026 edition of its Annual India Multi-City Roadshow, scheduled to be held across Mumbai, Bangalore, Ahmedabad, Kolkata and Delhi. Now in its 22nd edition, the roadshow will commence alongside South African Tourism’s participation at Outbound Travel Mart (OTM) Mumbai 2026, India’s largest travel trade exhibition. The roadshow will be held from February 5 to 7 in Mumbai, followed by engagements in the remaining four cities between February 9 and 12. India remains one of South Africa’s priority source markets, driven by steady business travel,…

31 Jan

Axis Max Life takes ‘Bharosa Tum Ho’ campaign forward, puts spotlight on everyday family protectors

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Axis Max Life Insurance Limited has rolled out the next chapter of its flagship brand campaign, ‘Bharosa Tum Ho’, reinforcing trust as its emotional core while shifting the narrative towards individuals as the primary protectors of their families. Formerly known as Max Life Insurance Company Limited, the insurer said the refreshed campaign uses simple, human storytelling to portray brand ambassadors Rohit Sharma and Ritika Sajdeh as a relatable couple navigating shared life responsibilities, rather than as celebrities. The approach strengthens Axis Max Life’s positioning as a trusted partner across savings, protection and retirement solutions. Rahul Talwar, Director and Chief Marketing…

31 Jan

Samsung to launch Galaxy A07 5G in India next week, targets young users with camera and battery focus

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Samsung is set to expand its A Series portfolio in India with the launch of the Galaxy A07 5G in the first week of February, aiming to attract digital-first consumers looking for strong photography features and long battery life at an accessible price point. Designed for online entertainment and visual storytelling, the Galaxy A07 5G comes with a dual rear camera system featuring a 50MP autofocus primary sensor and a 2MP depth camera. The F1.8 aperture enables enhanced low-light photography and portrait shots with natural bokeh effects, while the setup is tuned to capture vibrant colours and sharp details. An…