Business - The Purbottar

27 Jul

Thums Up revives ThunderWheels to promote India’s biking culture with Jasprit Bumrah

Business BureauBusiness

Thums Up, Coca-Cola India's flagship homegrown beverage brand, has relaunched its biking platform ThunderWheels®, with Indian cricketer Jasprit Bumrah leading the latest campaign aimed at encouraging young riders to embrace India's growing biking culture. Announced on July 21, the initiative marks the third edition of the ThunderWheels platform and seeks to engage biking enthusiasts through community-driven experiences and digital participation. The campaign is anchored by a new brand film featuring Bumrah, highlighting the adventure and excitement associated with biking while encouraging aspiring riders to explore the open road. As part of the initiative, specially marked Thums Up packs will allow…

27 Jul

Smart RISE aims to blend guaranteed income with market-linked retirement growth

Business BureauBusiness

Axis Max Life Insurance Ltd. has launched Smart Retirement Income with Sustained Earnings Plan (Smart RISE), a new retirement solution that combines a guaranteed annuity with a NIFTY 50-linked variable annuity, offering customers a mix of stable post-retirement income and potential market-linked returns. The product allows policyholders to choose a deferment period during which their retirement corpus can accumulate before regular annuity payouts begin. After the deferment phase, policyholders receive a fixed guaranteed annuity throughout the policy term alongside a variable annuity linked to the performance of the NIFTY 50 Index. The plan also includes a legacy-planning feature under which…

27 Jul

Turkish Airlines joins SAFFA Fund to strengthen sustainable aviation fuel strategy

Business BureauBusiness

Turkish Airlines has joined the SAFFA Fund I, LP, an investment fund dedicated to accelerating the production of sustainable aviation fuel (SAF), marking a significant step in the airline's long-term sustainability and supply chain strategy. The agreement will enable the airline to support the expansion of SAF production while strengthening its access to sustainable fuel supplies as the global aviation industry intensifies efforts to reduce carbon emissions. Established in December 2023 and managed by Burnham Sterling Asset Management LLC (BSAM), the SAFFA Fund invests in technologically mature SAF projects across multiple production technologies and geographic regions. Airbus serves as the…

27 Jul

Turkish Airlines signs deal for 12 new flight simulators to boost pilot training

Business BureauBusiness

Turkish Airlines has signed an agreement with Turkish defence and technology company HAVELSAN for the supply of 12 new flight simulators as the airline accelerates preparations for its long-term fleet expansion and pilot training requirements. The order comprises eight Full Flight Simulators (FFS) and four Flight Training Devices (FTD), supporting the airline's goal of expanding its fleet to more than 800 aircraft by 2033. The simulators, designed and manufactured entirely in Türkiye, will be installed at Turkish Airlines' expanding training infrastructure, including new simulator hangars currently under development and a Flight Training Center scheduled for completion in 2028. The airline…

27 Jul

Rescue operation ends at Teesta Stage VI project,Patel Engineering announces ex-gratia for victims’ families

Business BureauBusiness

Rescue operations at the Teesta Stage VI Hydroelectric Project in Sikkim concluded after the bodies of all 25 personnel trapped inside the tunnel were recovered, Patel Engineering Limited said on Thursday. The company expressed deep condolences over the loss of lives and announced an ex-gratia assistance of ₹5 lakh for the next of kin of each deceased worker. The rescue operation was conducted through a coordinated effort involving the Sikkim District Administration, Sikkim Police, the Sikkim government hospitals and paramedical staff, the National Disaster Response Force (NDRF), the State Disaster Response Force (SDRF), state authorities, Eastern Coalfields Limited, Western Coalfields…

27 Jul

YiPPee! reimaginesOdisha’s festive cuisine with 13 noodle recipes during RathYatra

Business BureauBusiness

SunfeastYiPPee! celebratedOdisha's rich culinary heritage during the RathYatra with the launch of 'BaroMasa, YiPPee! Parba', a cultural and culinary initiative inspired by the state's traditional philosophy of 'BaroMasa, TeroParba' (12 months, 13 festivals). The campaign showcased 13 innovative noodle-based interpretations of iconic Odia festive dishes, offering visitors a contemporary take on regional flavours. Set up at Puri Beach, the themed pavilion featured 12 month-inspired windows representing the Odia calendar, each highlighting a unique noodle recipe inspired by traditional festive cuisine. Popular dishes such as Potala Posta, Dahi Bara Aloo Dum, Chaula Bara and Muga Dali Khichdi were reimagined using YiPPee!…

27 Jul

Tata Consumer posts 12% revenue growth in Q1, profit jumps 29%

Business BureauBusiness

Tata Consumer Products Ltd. (TCPL) reported a strong performance for the quarter ended June 30, 2026, with consolidated revenue from operations rising 12 per cent year-on-year to Rs 5,349 crore, driven by robust volume growth across its India branded business and continued momentum in its growth categories. Consolidated EBITDA increased 19 per cent to Rs 730 crore, while net profit climbed 29 per cent to Rs 427 crore during the quarter. The company's India branded business posted an underlying volume growth of 13 per cent, led by a 47 per cent surge in its growth businesses, which now account for…

25 Jul

AU Small Finance Bank Reports ₹796 Crore Q1 Profit, Up 37%

nanika EditorBusiness

AU Small Finance Bank reported a strong financial performance for the first quarter ended June 2026 (Q1 FY27), posting a 37% year-on-year increase in net profit to ₹796 crore. The growth was driven by higher net interest income (NII) and lower provisions, although profit declined 4% on a sequential basis. The bank's NII rose 32% year-on-year to ₹2,695 crore, supported by healthy growth in advances. However, other income declined 15% to ₹689 crore during the quarter. Net interest margin (NIM), a key profitability indicator, improved by 59 basis points year-on-year to 5.9%, though it moderated by 7 basis points compared…

25 Jul

Maaza marks 50 years with special postal cover, honours mango farmers

Business BureauBusiness

Coca-Cola India, in collaboration with the Department of Posts, on Thursday released a commemorative Special Cover to mark the 50th anniversary of Maaza, celebrating the beverage brand’s five-decade association with Indian mangoes. The release coincided with National Mango Day, during which mango farmers associated with Project Unnati by Anandana – The Coca-Cola India Foundation were also felicitated for their contribution to preserving India’s mango heritage. The Special Cover was unveiled by Union Minister for Food Processing Industries and Department of Posts, ChiragPaswan, in the presence of senior officials from the Department of Posts, Coca-Cola India, bottling partners, mango supplier Foods…

25 Jul

ABD posts steady Q1 profit growth as premiumisation strategy drives performance

Business BureauBusiness

Allied Blenders and Distillers Ltd (ABD) reported steady financial performance for the first quarter of FY27, with growth in revenue and profitability on a standalone basis, supported by continued premiumisation, higher sales of premium brands and strategic investments in its luxury portfolio. The company reported standalone income from operations of ₹975 crore for Q1FY27, up 5.3 per cent from ₹926 crore a year earlier. Standalone EBITDA rose 14.4 per cent to ₹140 crore, while profit after tax (PAT) increased 11.9 per cent to ₹68 crore. On a consolidated basis, income from operations grew 5.8 per cent to ₹984 crore, while…