Business - The Purbottar

03 Jul

Bandhan Large Cap Fund marks 20 years with focus on disciplined long-term investing

Business BureauBusiness

Bandhan Large Cap Fund has completed 20 years, marking a milestone in its long-term investment journey built around stability, disciplined portfolio management and wealth creation through investments in fundamentally strong large-cap companies. The fund said it has remained focused on quality businesses capable of delivering consistent growth while navigating multiple market cycles, including periods of volatility, correction and economic expansion. The fund follows its Business, Management and Valuation (BMV) investment framework, selecting companies with established business models, sound corporate governance, strong management teams and reasonable valuations. It also employs a five-parameter stock selection process that evaluates return on equity, long-term…

03 Jul

Venezuela Crisis: India Sends Message of “Vasudhaiva Kutumbakam” as a Global First Responder

Business BureauBusiness

India has launched "Operation Amistad" to deliver relief and medical assistance to northern Venezuela following the devastating earthquake that struck the region. As part of this humanitarian mission, two Indian Air Force C-17 aircraft have departed carrying a 41-member medical team, a field hospital unit, medicines, two BHISHM Cubes, and approximately 35 tonnes of relief supplies.In the wake of two successive devastating earthquakes in Venezuela (measuring 7.2 and 7.5 on the Richter scale), India has once again emerged as a global "first responder." The Spanish word Amistad means "friendship."External Affairs Minister Dr. S. Jaishankar wrote on his X (formerly Twitter)…

03 Jul

Ai+ Smartphone announces the next sale of its recently launched Nova 2 Neo and Nova 2 Pro

Business BureauBusiness

Ai+ Smartphone has announced the next sale of its recently launched Nova 2 Neo and Nova 2 Pro after both smartphones witnessed a complete sell-out during their first sale on Flipkart on June 26. The devices were unveiled on June 22 at India's Got Nova, the brand's flagship launch event hosted by renowned Gadget Guru Rajiv Makhni, featuring comedian & Youtuber Samay Raina alongside Madhav Sheth, CEO, Ai+ Smartphone. The event also brought together leading technology creators, reviewers, members of the media and consumers as part of Ai+ Smartphone's Open Review Program, reinforcing the brand's commitment to transparency and community-led…

03 Jul

Trinity Business Park aims to reshape Northeast’s commercial landscape with mega Guwahati project

Business BureauBusiness

Trinity Business Park has announced the launch of a large integrated commercial development in North Guwahati, with plans to create one of Northeast India’s biggest organised business ecosystems. Spread across 16 acres with over 3 million sq. ft. of planned built-up space, the project will integrate retail, office spaces, hospitality and exhibition infrastructure within a single campus, with the first phases expected to become operational from 2027 onwards. Located at Amingaon, the development is designed to serve as a gateway for multinational corporations, technology firms and leading Indian enterprises looking to establish operations in the Northeast. The project comes amid…

03 Jul

Kotak strengthens India franchise with Deutsche Bank retail business acquisition

Business BureauBusiness

Kotak Mahindra Bank Ltd. has entered into a definitive agreement to acquire Deutsche Bank AG’s retail banking, affluent private banking and wealth management business in India, in a strategic move aimed at expanding its presence in the affluent customer and small and medium enterprise (SME) segments. The acquisition aligns with Kotak’s inorganic growth strategy while supporting Deutsche Bank’s Global Hausbank strategy of sharpening its focus on core businesses. The business being acquired comprises loans of around Rs 29,000 crore, deposits of nearly Rs 16,000 crore and assets under management worth approximately Rs 10,500 crore. It serves about 1.5 lakh customers…

03 Jul

Wow! Momolaunches 4 in 1 Momo Box to tap India’s growing demand for shareable meals

Business BureauBusiness

Quick service restaurant (QSR) chain Wow! Momo has launched its first-of-its-kind 4 in 1 Momo Box, a new offering that combines four different momo variants in a single shareable box, as the company looks to capitalise on the growing consumer demand for variety, value and group dining experiences. Priced from Rs. 349, the product is now available across Wow! Momo outlets for both dine-in and delivery. The 4 in 1 Momo Box features four flavours selected from the brand's portfolio of over 28 momo variants, including Darjeeling, Pahari Fresh, ChatpataPaneer, Corn Cheese, Hot Garlic Kurkure, Korean, Chicken Cheese Chili and…

03 Jul

HCL Technologies Shares Surge Over 7% After Securing $1.14 Billion AI-Led Digital Transformation Deal

anuprova EditorBusiness

Shares of HCL Technologies rallied more than 7% during Friday's trading session, emerging as the top gainer on the Nifty 50 after the IT major announced a $1.14 billion artificial intelligence-led digital transformation deal, one of the largest contracts in the company's history. The announcement sparked strong investor interest, with market participants viewing the mega deal as a significant boost to HCLTech's long-term revenue visibility and growth prospects amid rising global demand for AI-powered technology solutions. The multi-year contract is expected to accelerate the client's enterprise-wide digital transformation by leveraging advanced artificial intelligence, cloud computing, automation and digital engineering capabilities.…

03 Jul

Retirement readiness remains low as longer lifespans raise financial concerns: Study

Business BureauBusiness

India's growing life expectancy is exposing a widening gap in retirement preparedness, with a majority of urban Indians at risk of outliving their savings, according to the fifth edition of the India Retirement Index Study (IRIS 5.0) conducted by Axis Max Life Insurance in partnership with Kantar. The study found that India's retirement readiness score stands at just 48 out of 100, highlighting inadequate long-term financial planning despite increasing awareness. While 86 per cent of "Empty Nesters" know the retirement corpus they require, only 33 per cent believe their savings will last beyond 10 years after retirement. Similarly, only 38…

03 Jul

Jawa 42 Ivory expands reach with online bookings on Amazon and Flipkart

Business BureauBusiness

JawaYezdi Motorcycles has announced that its recently launched Jawa 42 Ivory motorcycle is now available for booking through Amazon.in and Flipkart, expanding access to customers across India through online channels. The company said the move is aimed at simplifying the purchase process for motorcycle enthusiasts by allowing them to reserve the vehicle online before completing registration, insurance and delivery formalities through authorised dealerships. The Jawa 42 Ivory is currently available for booking in 118 cities, supported by a network of 130 dealerships handling e-commerce enquiries. The motorcycle has generated strong interest since its launch, with owners citing its retro-inspired styling,…

03 Jul

Classic Legends marks World Motorcycle Day with nationwide rider celebration

Business BureauBusiness

Classic Legends brought together riders from its Jawa, Yezdi and BSA communities across India to celebrate World Motorcycle Day, with more than 2,000 motorcyclists participating in rides held across 59 cities in 19 states. Observed globally on June 21, World Motorcycle Day celebrates the freedom, adventure and camaraderie associated with motorcycling. The nationwide event saw riders from different backgrounds and age groups come together, reflecting the growing popularity of community-led riding culture in the country. As part of the celebrations, Classic Legends launched the Guardian Bell Initiative, aimed at promoting awareness of a long-standing motorcycling tradition. Guardian Bells, often gifted…