Business - The Purbottar

09 Feb

PNB Home Loan Expo inaugurated in Siliguri, draws strong customer interest

Business BureauBusiness

The Punjab National Bank (PNB) Home Loan Expo, organized by the bank’s New Jalpaiguri (Siliguri) Circle, commenced on July 7 with an inauguration by Assistant Commissioner of Police, Siliguri, Sh Rabin Thapa. The event also saw the presence of senior PNB officials, including Sh Atish Rout, General Manager, PNB Head Office, New Delhi, and Sh Manish Debbarma, Deputy General Manager & Circle Head, New Jalpaiguri (Siliguri) Circle. The two-day expo, held on July 7 and 8, brought together 12 reputed builders from Siliguri alongside Tata Solar, providing prospective homebuyers with comprehensive insights into real estate developments and financing options. Attendees…

08 Feb

JSW MG Motor launches India’s Most Advanced SUV – MG Astor

Business BureauBusiness

JSW MG Motor India has introduced the MY 2025 edition of its premium SUV, the MG Astor, with enhanced features in the Shine and Select variants. The Shine variant now comes equipped with a panoramic sunroof and six speakers, making it the only SUV in its segment to offer a panoramic sunroof under ₹12.5 lakh. Meanwhile, the Select variant has been upgraded with six airbags and premium ivory leatherette seats, enhancing safety and comfort. Positioned as India's Most Advanced SUV in its class, the Astor 2025 boasts an array of modern features, including ventilated front seats, wireless charging, wireless Android…

08 Feb

Aadhar Housing Finance Reports Strong Growth in Q3 FY25

Business BureauBusiness

Aadhar Housing Finance Ltd announced its unaudited financial results for the quarter and nine months ended December 31, 2024, demonstrating strong growth across key financial metrics. Assets Under Management (AUM): Increased by 21% YoY to ₹23,976 crore. Disbursements: Rose by 20% YoY in Q3 FY25, reaching ₹2,094 crore. Profit After Tax (PAT): Grew by 22% YoY to ₹667 crore in 9M FY25. Net Worth: Stood at ₹6,114 crore, a 44% increase YoY. Gross NPA: Improved to 1.36% from 1.40% YoY. Aadhar Housing Finance Limited’s MD & CEO, Mr. Rishi Anand, attributed the growth to government support, urbanization, and increasing demand…

08 Feb

Jayant Chaudhary inaugurates NSDC International Academy to boost global job prospects

Business BureauBusiness

Jayant Chaudhary, Minister of State (I/C) for Skill Development and Entrepreneurship and Minister of State for Education, inaugurated the NSDC International Academy, a premier institution aimed at enhancing India's global workforce. The academy will provide world-class skill training, focusing on international placements in countries such as Germany, Japan, and Israel. The facility, designed as a Centre of Excellence, offers specialized training in foreign languages, including German (GOETHE, OSD), Japanese (JLPT), and English (ISLETS). During the inauguration, Shri Chaudhary flagged off 11 candidates departing for Germany, interacted with students, and explored the AI and VR-enabled labs. He emphasized the academy’s role…

08 Feb

Mahindra Electric opens bookings for Origin SUVs on February 14, 2025

Business BureauBusiness

Mahindra Electric is set to open bookings for its highly anticipated Origin SUVs on February 14, 2025, at 9 AM, giving customers the opportunity to choose from a complete lineup of XEV 9e and BE 6 variants. The models, available with a variety of battery packs, are aimed at delivering world-class features to meet the growing demand for electric vehicles at various price points. Bookings for the SUVs will begin on February 6, 2025, with customers able to select their preferred model and variant via the official website. Mahindra has announced a phased production ramp-up to ensure timely delivery, with…

08 Feb

Bikaji Foods shares drop 13% after Q3 net profit falls nearly 40% year-on-year; see details

editorBusiness, News

Shares of Bikaji Foods International tumbled as much as 13% during trading on Friday, February 7, after the company announced a sharp drop in profitability for the quarter ended December 2024 (Q3FY25). Shares of the leading snacks maker fell as much as 12.97% to hit an intraday low of ₹638.55 per share on the National Stock Exchange of India Ltd (NSE) on Friday. The stock rallied in six of the last seven sessions and has gained a total of 14% during this period. The stock has now declined 9.6% in the last one month but is still up over 16%…

07 Feb

MG Sewa empowers over 70,000 women and girls, drives social change in India

Business BureauBusiness

MG Motor India’s social initiative, MG Sewa, has touched the lives of over 1.2 lakh beneficiaries across India, with more than 70,000 women and girls benefitting from its transformative programs in 2024 alone. Focusing on girl child education, women empowerment, and community health, MG Sewa is making strides in rural and underserved areas, aiming to uplift families by providing access to education, sanitation, and hygiene. The initiative has expanded its reach through various programs, including WASH (Water, Sanitation, and Hygiene), which has significantly impacted over 16,000 women and girls, promoting menstrual hygiene in areas with limited access to essential resources.…

07 Feb

Catch Spices launches new campaign with Akshay Kumar and Rajpal Yadav

Business BureauBusiness

Catch Spices, a leading brand under Dharampal Satyapal Group, has launched two fresh TVCs featuring Bollywood stars Akshay Kumar and Rajpal Yadav. This new campaign emphasizes the brand's slogan, "Kyunki Khana Sirf Khana Nahi Hota" (Food is more than just food), bringing humor and heartfelt narratives to the forefront. The commercials, centered on Catch Turmeric and Catch Garam Masala, highlight the role of these spices in transforming meals and fostering connections. The Catch Turmeric TVC showcases a light-hearted mix-up, which leads to a warm, unexpected meal with neighbors. Akshay Kumar delivers the punchline, “Catch Haldi hi laata hai khaane mein…

07 Feb

Ultracab (India) Ltd’s Rs.4981 lakh Right Issue closes on February 11, 2025

Business BureauBusiness

Rajkot, February 2025: Ultracab (India) Ltd has opened its rights issue for subscription from January 28 to February 11, 2025. The company is offering 3.43 crore equity shares at Rs. 14.5 per share, with an entitlement ratio of 9:25. Key Highlights: (1) Net Profit for FY24: Rs. 598 lakh (up from Rs. 582 lakh in previous year), (2) Revenue for FY24: Rs. 12,439 lakh, (3) Presence in 29 countries with 400+ dealers, (4) Serves 55+ government departments and 150+ corporate groups, (5) Major clients include BHEL, NTPC, Power Grid, Reliance, and Godrej. Purpose of Rights Issue: The funds will be…

07 Feb

Bajaj Finserv AMC launches multi-cap fund with contrarian strategy

Business BureauBusiness

Bajaj Finserv AMC has announced the launch of its new investment vehicle, the Bajaj Finserv Multi Cap Fund, which is set to open for subscription from February 6 to February 20, 2025. This open-ended equity scheme targets investments across large cap, mid cap, and small cap stocks, applying a contrarian strategy to spot undervalued opportunities and capitalize on market inefficiencies. The fund will adopt a disciplined investment approach, focusing on sectors and companies poised for growth through cyclical economic upturns, business turnarounds, and management transitions. With a minimum 25% allocation in each market cap segment, the fund aims to deliver…