Business - The Purbottar

17 Feb

Essencemediacom secures media mandate for Godrej Consumer Products

Business BureauBusiness

Essencemediacom has won the media mandate for Godrej Consumer Products Ltd (GCPL), one of India’s leading FMCG companies. The agency will manage GCPL’s media strategy, planning, buying, and execution across traditional and digital platforms in the Indian market, starting April 2025. The mandate was secured after an intense four-month pitch. Essencemediacom will take over from Madison World, GCPL’s media partner for over two decades. Harshdeep Chhabra, Head of Global Media at GCPL, expressed confidence in Essencemediacom’s ability to drive innovation and volume growth. “Essencemediacom’s experience in traditional and digital media will help us expand into new categories and enhance our…

17 Feb

GlaxoSmithKline Pharma Q3FY25: Net profit upgrade 400% to Rs 228.58 crore

editorBusiness, News

GlaxoSmithKline (GSK) Pharmaceuticals on Friday announced a 402 per cent year-on-year (Y-o-Y) increase in consolidated net profit for the December quarter (Q3 FY25) to Rs 228.58 crore, up from Rs 45.49 crore in the same period last year. The company’s revenue from operations rose to Rs 946.36 crore, a 17.5 per cent Y-o-Y increase from Rs 804.98 crore in Q3 FY24. Sequentially, the company’s net profit fell 8.08 per cent, whereas revenue declined 5.4 per cent, from Rs 248.68 crore and Rs 1,000.05 crore, respectively, reported in Q2 FY25. The performance is attributed to the company's strong growth across key product portfolios. GSK…

15 Feb

NSDC announces expansion with 50 new future skill centres and 10 international academies

Business BureauBusiness

The National Skill Development Corporation (NSDC) has unveiled an ambitious plan to expand its skilling footprint with the establishment of 50 new Future Skill Centres and 10 International Academies across India. The announcement was made by NSDC CEO ShriVed Mani Tiwari at the Annual Press Conference. “The number of industry-aligned programs will rise beyond 300, covering 12 emerging technologies, with a goal to train over 2 lakh candidates,” Tiwari stated. Partnerships with 33 global corporations and 11 premier institutions have already led to the creation of 21 Future Skills Centres and the training of over 27,000 candidates. NSDC also plans…

15 Feb

Bandhan Mutual Fund launches Nifty Next 50 Index Fund

Business BureauBusiness

Bandhan Mutual Fund has launched its Bandhan Nifty Next 50 Index Fund, an open-ended scheme tracking the Nifty Next 50 Index. This index comprises the top 50 companies ranked just after the Nifty 50, representing high-growth potential within India’s top 100 listed stocks. The New Fund Offer (NFO) will open on February 13 and close on February 25, 2025. Investors can apply through mutual fund distributors, online platforms, or the company’s website. Vishal Kapoor, CEO of Bandhan AMC, highlighted the fund’s potential, noting, “The Nifty Next 50 Index offers exposure to well-established companies still in their high-growth phase. Past trends…

15 Feb

INDIAWOOD 2025 to showcase 25 years of innovation in woodworking and furniture manufacturing

Sonakshi SarkarBusiness

INDIAWOOD 2025, one of the world’s largest woodworking and furniture manufacturing exhibitions, will be held from March 6-9, 2025, at the India Expo Mart & Centre, Greater Noida. Celebrating its 25th anniversary, the event will highlight India’s rapid growth as a global leader in woodworking innovation and furniture exports. INDIAWOOD has played a crucial role in India’s ascent as one of the top five global furniture producers, with exports projected to grow by 20% annually. Frederik Meyer, President of Eumabois, praised India’s craftsmanship and expressed enthusiasm for the event, noting that European companies are keen to share innovations in sustainability…

15 Feb

Edelweiss study highlights financial insecurity among India’s Sandwich Generation

Business BureauBusiness

A new study by Edelweiss Life Insurance reveals that 60% of India’s Sandwich Generation—aged 35 to 54—feel financially unprepared for the future. The generation, balancing support for ageing parents and growing children, faces ongoing financial stress, with many feeling that saving or investing is never enough. The study, conducted with YouGov across 12 cities and 4,005 respondents, highlighted that financial decisions are driven by family needs, including healthcare and education. However, premature liquidation of investments for both essential and non-critical needs, such as vacations and festive spending, is common. Sumit Rai, MD & CEO of Edelweiss Life Insurance, said, “This…

15 Feb

Tezpur’s hairstylist Jogesh Thakur features among the top 30 hairstylists nationally

Business BureauBusiness

Jogesh Thakur, a hairstylist from Magic Fingers 7 (Kamarchuburi, Tezpur), has earned a place among the top 30 finalists at the Godrej Professional Spotlight. Organized by Godrej Professional, a leading hair care brand under Godrej Consumer Products Ltd (GCPL), the platform celebrates hairstyling talent across India, providing recognition and professional development opportunities. The grand finale in Mumbai saw finalists showcase hair colour creations inspired by Godrej Professional’s Surreal Collection. Thakur impressed the jury panel, which included Godrej Professional Creative Director Yianni Tsapatori, National Technical Head ShaileshMoolya, and actress Adaa Khan. Tezpur is buzzing with pride over Thakur’s achievement, which has…

15 Feb

1st BIMSTEC Youth Summit concludes, strengthens regional cooperation

Business BureauBusiness

The inaugural BIMSTEC Youth Summit concluded successfully on Tuesday in Gandhinagar, Gujarat, focusing on youth-led participation and regional cooperation across multiple sectors. Over 70 young leaders from BIMSTEC countries—Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand—engaged in discussions on entrepreneurship, technology, digital connectivity, and sustainable development. The event, themed "Youth as a Bridge for Exchanges within BIMSTEC," was inaugurated by Dr. Mansukh Mandaviya, Union Minister of Youth Affairs and Sports, alongside Gujarat Chief Minister Bhupendra Patel and Jaideep Mazumdar, Secretary (East), Ministry of External Affairs. Delegates explored the historic Sabarmati Ashram and toured Gujarat International Finance Tec-City (GIFT City),…

15 Feb

Toyota’s Green Mobility vision drives sustainability with a human touch

Business BureauBusiness

Toyota Kirloskar Motor (TKM) is not just building cars—it’s shaping a greener future. At the India Energy Week (IEW) 2025, held in New Delhi from February 11 to 14, Toyota reinforced its commitment to clean energy, showcasing innovations designed to reduce carbon footprints and make eco-friendly mobility more accessible to everyday consumers. From the Innova Hycross Strong Hybrid Electric Vehicle (SHEV) to the Mirai Fuel Cell Electric Vehicle (FCEV) powered by hydrogen, Toyota’s lineup reflects a diverse approach to sustainable transportation. The company also unveiled its Prius Flex-Fuel Plug-in Hybrid Electric Vehicle (FFV-PHEV), running on up to 100% ethanol, and…

15 Feb

Easy Trip Q3 results | Net profit, margins drop despite 172% upgrade in hotel bookings

editorBusiness, News

Online travel service provider Easy Trip Planners Ltd on Friday (February 14) reported a 26.3% year-on-year (YoY) decline in net profit for the third quarter ended December 31, 2024, to ₹45.6 crore from the same quarter in FY24. Revenue from operations declined 6.5% to ₹150.5 crore as against ₹160.9 crore in the same period last fiscal. At the operational level, EBITDA (earnings before interest, tax, depreciation and amortization) declined 21.8% YoY to ₹47.7 crore from ₹61 crore in Q3FY25, while EBITDA margin declined to 31.7% from 37.9% in the same quarter last fiscal. For the nine months ended December 31,…