Business - The Purbottar

24 May

Bonus Issues in Focus: LIC and PAE Limited Reward Shareholders with Free Shares to Boost Liquidity and Signal Financial Strength

Preeti SinghBusiness

Bonus shares and stock splits are key corporate actions companies use to reward existing investors and make their stock more accessible in the market. Bonus shares are additional equity shares issued free of cost to current shareholders, funded from a company’s accumulated reserves and surplus. While they increase the total number of shares held by an investor, the overall value of the holding remains unchanged immediately after the issue. Such moves are often seen as a sign of a company’s robust financial health and are aimed at reinforcing shareholder confidence.Stock splits work similarly in principle. In a split, the face…

24 May

BHIM app records over 300% growth in FY26 as digital payments surge

Business BureauBusiness

The BHIM Payments App, developed by NPCI BHIM Services Limited, registered a sharp rise in digital payment transactions in FY26, recording a 301 per cent increase in total transaction volumes compared to FY25, the company said on Thursday. According to the company, monthly transaction volumes on the app increased from 5.93 crore in April 2025 to 21.6 crore in March 2026. The growth momentum continued in April 2026, with transaction volumes touching 22.49 crore and transaction value reaching ₹26,040 crore. In West Bengal, the app witnessed rising adoption in daily payment activities, with 71 per cent of transactions categorised as…

23 May

Tata Soulfull launches millet muesli range to tap growing wellness market

Business BureauBusiness

Tata Soulfull has expanded its breakfast portfolio with the launch of its new Ultimate Millet Muesli range, aimed at consumers looking for targeted nutrition solutions linked to weight management, protein intake and gut health. The company on Tuesday announced that the new range includes three variants — Tata Soulfull Ultimate Millet Muesli Slimcare for weight management goals, Ultimate Millet Muesli Hi-Protein for protein goals, and Ultimate Millet Muesli Probiotic for gut health support. The products are built around millets as the core ingredient as the company looks to strengthen its position in India’s growing millet-based foods segment. Alongside the launch,…

23 May

NCVET holds first Research Advisory Committee meeting to boost evidence-based skilling policies

Business BureauBusiness

The National Council for Vocational Education and Training (NCVET), under the Ministry of Skill Development and Entrepreneurship (MSDE), on Tuesday convened the first meeting of its Research Advisory Committee (RAC) to strengthen research-driven policymaking in India’s vocational education and training ecosystem. The meeting was chaired by Smt. Debashree Mukherjee, Secretary, MSDE and Chairperson of NCVET. Senior representatives from government bodies, industry, academia, think tanks and research organisations participated in the discussions, including NITI Aayog, Ministry of Labour and Employment, Directorate General of Training (DGT), Confederation of Indian Industry (CII), IIM Calcutta, NCAER, TISS, Ashoka University and NIEPA. The committee discussed…

23 May

Isuzu launches leasing model for D-Max S-CAB to boost fleet mobility

Business BureauBusiness

Isuzu Motors India has announced a new leasing solution for its ISUZU D-Max S-CAB, aiming to make commercial vehicle acquisition easier and more cost-effective for businesses and fleet operators across the country. The company said the leasing programme has been introduced in response to the growing demand for flexible mobility solutions in India’s commercial vehicle sector. Under the new model, customers can avail the D-Max S-CAB at an all-inclusive monthly rental starting from Rs 38,999 for a fixed tenure of four years. The leasing package offers zero down payment and covers service, insurance and registration costs, reducing the burden of…

23 May

Bajaj General Insurance launches MHCP EDGE+ with health cover up to Rs 5 crore

Business BureauBusiness

Bajaj General Insurance has launched ‘My Health Care Plan Edge+’ (MHCP EDGE+), a new health indemnity insurance plan offering flexible and customised coverage options with sum insured ranging from Rs 5 lakh to Rs 5 crore. The company said the plan has been designed to address rising healthcare costs and reduce out-of-pocket expenses through a modular structure that allows customers to choose add-ons and riders based on their healthcare requirements and affordability. MHCP EDGE+ offers unlimited reinstatement of the sum insured within a policy year, ensuring continued protection in case of multiple claims. The base plan covers hospitalisation expenses including…

23 May

Classic Legends launches 9-day service camp for Jawa, Yezdi and BSA riders

Business BureauBusiness

Classic Legends has announced a nine-day nationwide “Legends’ Care Camp” across its authorised Jawa, Yezdi and BSA dealership network from May 23 to May 31, 2026, aimed at strengthening customer service and after-sales support. The company said the service initiative will be organised across multiple cities where customers can avail comprehensive vehicle health check-ups along with special offers on servicing, spare parts, labour charges and genuine accessories. During the camp, trained technicians will conduct a detailed 72-point inspection of motorcycles covering engine performance, brakes, clutch systems, electricals, suspension, tyres, battery condition and overall vehicle health to improve riding performance and…

23 May

IET India Scholarship Award launches 10th edition with Rs 20 lakh prize pool

Business BureauBusiness

The Institution of Engineering and Technology has announced the launch of the 10th edition of the IET India Scholarship Award, with the total prize pool doubled from ₹10 lakh to ₹20 lakh. Applications for the nationwide engineering scholarship programme opened on May 19 and will remain open until June 15, 2026. The scholarship is aimed at full-time undergraduate engineering students studying in AICTE and UGC-approved institutions across India. Eligible students from any year and engineering specialisation can apply if they have secured a minimum aggregate of 60 per cent marks or a CGPA of 6.0 with all credits cleared. The…

23 May

Coke Studio Bharat revives forgotten war memories through ‘Kachaudi Gali’

Business BureauBusiness

Coke Studio Bharat has released the third track of its Season 4, titled Kachaudi Gali, a Bhojpuri folk-inspired composition that revisits the human cost of the First Anglo-Burmese War through the perspective of a woman separated from her husband. Set in the narrow lanes of Benaras, the song tells the story of a woman watching her husband being taken away by the British Army from Mirzapur to Rangoon during the war. The track highlights the emotional trauma faced by ordinary families whose stories remained absent from mainstream historical narratives. The song features acclaimed singer Rekha Bhardwaj alongside Utpal Udit and…

23 May

Maaza® celebrates 50 years of India’s love for mangoes

Business BureauBusiness

Coca-Cola India celebrated 50 years of Maaza®, marking the journey of one of India’s most recognised mango drink brands since its launch in 1976. The company said Maaza® has remained closely connected with India’s love for mangoes, becoming a familiar part of summer memories, family gatherings and everyday celebrations across generations. Coca-Cola India said the brand has evolved over the decades while retaining its core identity rooted in the taste and experience of mangoes. From campaigns such as ‘Taaza Mango, Maaza Mango’ to ‘Maaza Ho Jaaye’, the company said the brand has continued to strengthen its emotional connection with consumers.…