Business - The Purbottar

27 Jul

ABD Maestro launches three super-premium whiskies in Telangana

Business BureauBusiness

ABD Maestro Pvt. Ltd., the super-premium and luxury spirits subsidiary of Allied Blenders & Distillers Limited (ABD), has entered the Telangana market with the launch of three award-winning whisky brands — AODH Irish Whiskey, WOODBURNS Contemporary Rare Indian Whisky and YELLO Designer Whisky. The company, co-founded by Bollywood actor Ranveer Singh, unveiled the products at a launch event in Hyderabad on Monday. The launch marks ABD Maestro's expansion into Telangana's growing premium spirits segment, with the company targeting consumers seeking high-quality and craft-driven alcoholic beverages. The three whiskies are now available at leading retail outlets in Hyderabad and will also…

27 Jul

Veda Rehabilitation launches luxury mental health recovery retreat in Sikkim

Business BureauBusiness

Veda Rehabilitation & Wellness has expanded its presence in India with the launch of a luxury mental health, addiction recovery and holistic wellness retreat in Sikkim, marking its fourth centre after Mumbai, Delhi and Bengaluru. Nestled in the Rumtek Hills, the new facility is designed to support individuals dealing with addiction, burnout, behavioural addictions and other mental health concerns through an immersive recovery programme that combines evidence-based clinical care with nature and holistic wellness practices. The launch comes at a time when awareness of mental health and substance dependence is increasing across India, prompting more individuals and families to seek…

27 Jul

Chinese Chipmaker CXMT Surges Over 500% in Blockbuster Market Debut to Become Mainland China’s Most Valuable Listed Firm

anuprova EditorBusiness

Shares of Chinese memory chip giant ChangXin Memory Technologies (CXMT) skyrocketed more than 500% during their Shanghai stock market debut, propelling the semiconductor manufacturer to become the most valuable publicly listed company in mainland China. The explosive market entry followed Asia's largest initial public offering of the year, raising $8.6 billion as investor demand overwhelmed available shares. CXMT’s dramatic surge pushed its market capitalization past 3.6 trillion yuan ($539 billion), briefly eclipsing major state-backed banking titans like the Industrial and Commercial Bank of China. The dynamic random-access memory (DRAM) producer has drawn widespread international attention amid reports that tech giant…

27 Jul

UltraTech Cement Taps Bond Market for ₹5,000 Crore Fundraising Plan

nanika EditorBusiness

UltraTech Cement, India’s largest cement producer by capacity, is planning to raise ₹5,000 crore through rupee-denominated bonds, which could become the company’s biggest bond fundraising exercise in the domestic debt market. According to banking sources, the company is in discussions with merchant bankers and arrangers to tap the bond market ahead of the Reserve Bank of India’s upcoming policy decision. The proposed fundraising is expected to be used to strengthen the company’s financial position and support its business requirements. The planned bond issue will be divided into three maturity periods — two-and-a-half years, three-and-a-half years, and five years. UltraTech Cement…

27 Jul

Getting in first becomes the new status symbol as premium experiences reshape affluent spending: Kotak

Business BureauBusiness

As more Indians gain the financial ability to spend on premium experiences, the real marker of privilege is shifting from affordability to assured access, according to Kotak Mahindra Bank. The bank said rising demand for concerts, exclusive dining experiences and cultural events is outpacing availability, making certainty of participation a key differentiator for affluent consumers. Traditionally, premium credit cards signalled exclusivity through benefits such as airport lounge access, concierge services, golf privileges and reward points. However, Kotak said these features are gradually losing their distinctiveness as they become more widely available. Instead, consumers are increasingly valuing experiences that are exclusive,…

27 Jul

More exclusivity for ŠkodaSlaviaas Monte Carlo gets new limited-edition colours

Business BureauBusiness

Škoda Auto India has expanded the appeal of its premium sedan lineup by introducing two new exclusive dual-tone colour options—Shimla Green and Steel Grey—for the Slavia Monte Carlo. The limited-edition variants will be restricted to just 200 units and will be available with both the 1.0-litre TSI automatic and 1.5-litre TSI DSG automatic powertrains, the company announced. The latest addition aims to strengthen the Slavia Monte Carlo's premium positioning by offering customers greater exclusivity while retaining the model's sporty styling, blacked-out exterior elements, signature Monte Carlo design cues, black-and-red cabin theme and feature-rich interior. Brand Director Ashish Gupta said the…

27 Jul

Scaler student from West Bengal secures Singapore internship with Rs 2 lakh monthly stipend

Business BureauBusiness

A student from West Bengal has secured an international software engineering internship through campus recruitment, highlighting the growing demand for industry-ready technology talent from specialised institutions. SourashisSarkar, a native of Barrackpore and a student of Scaler School of Technology (SST), landed a three-month on-site internship at Singapore-based HealthTech startup Neurowyzr with a monthly stipend of 3,000 Singapore Dollars, approximately Rs 2 lakh. Sourashis developed an interest in computer science during the COVID-19 pandemic by learning coding independently before pursuing an industry-focused undergraduate programme at SST. Through multiple internships and participation in hackathons, he strengthened his expertise in data structures, algorithms…

27 Jul

Turkish Airlines signs multi-year pilot training deal with CAE

Business BureauBusiness

Turkish Airlines has signed a multi-year agreement with aviation training technology company CAE for the delivery of five full-flight simulators (FFS) and two flight training devices (FTD), with an option to acquire two additional full-flight simulators, as part of its long-term strategy to expand pilot training capacity. The agreement was signed at the Farnborough Airshow and supports the airline's 10-year flight training investment plan as it continues to expand its global fleet and route network. The simulators and training devices will be installed at Turkish Airlines' new Flight Training Center, construction of which began earlier this year. The simulator hangars…

27 Jul

Fenesta expands West Bengal footprint with eighth Kolkata showroom

Business BureauBusiness

Fenesta, a leading windows and doors brand in India, has expanded its presence in West Bengal with the launch of its eighth showroom in Kolkata, taking its total network in the state to 16 outlets. The new showroom, operated by Plywood House, is located at 191/3, NetajiSubhash Chandra Bose Road, Kolkata, and is aimed at improving customer access to the company's range of fenestration solutions while catering to the growing residential and commercial construction market in Eastern India. The showroom showcases Fenesta's portfolio of uPVC and aluminium windows and doors, solid panel doors, and facade solutions. The company said the…

27 Jul

Cashfree Payments waives gateway fees for new businesses till March 2027

Business BureauBusiness

Cashfree Payments has announced a complete waiver of payment gateway fees for new businesses signing up on its platform, offering 0% charges on the first ₹20 lakh of Gross Merchandise Value (GMV) until March 31, 2027. The AI-native payments company said the initiative is aimed at supporting early-stage businesses and direct-to-consumer (D2C) brands ahead of the festive shopping season, when many small businesses generate a significant share of their annual revenue. Under the offer, eligible merchants will pay no payment gateway fees on their first ₹20 lakh in sales. The company said new businesses can also complete onboarding within minutes,…