Business - The Purbottar

21 May

SBI Fuels India’s EV Ecosystem With ₹8,000 Crore Funding Line to JSW Motors

nanika EditorBusiness

Billionaire Sajjan Jindal’s automotive venture, JSW Motors, has secured a massive ₹8,000 crore ($826 million) funding line from the State Bank of India (SBI). This major financial backing ensures the company’s ambitious plans for its new energy vehicle business remain firmly on track. According to sources familiar with the matter, the credit facility from India’s largest lender carries a tenor of more than 10 years. A spokesperson for JSW Motors confirmed that the capital will partially fund a greenfield manufacturing facility in Maharashtra. To manage its exposure, SBI may later sell down parts of the loan to other lenders in…

20 May

ABD posts record FY26 profit, recommends 270% dividend

Business BureauBusiness

Allied Blenders and Distillers Limited (ABD) on May 14 reported its highest-ever annual EBITDA and profit after tax (PAT) for FY26, driven by strong premium portfolio growth, luxury expansion and improved operational efficiency. The company posted an EBITDA of ₹568 crore for FY26, registering a growth of 25.8 per cent compared to ₹451 crore in FY25. PAT rose 13 per cent to ₹220 crore, while income from operations increased 11.5 per cent to ₹3,949 crore. In the fourth quarter, ABD recorded its highest-ever quarterly EBITDA of ₹182 crore, up 21.2 per cent year-on-year. ABD Managing Director Alok Gupta said FY26…

20 May

CenturyPly reclaims 30% IT workload with ManageEngine-led digital transformation

Business BureauBusiness

Century Plyboards India Limited (CenturyPly) has consolidated its IT operations using enterprise management solutions from ManageEngine, a division of Zoho Corporation, helping the company reclaim nearly 30 per cent of its IT workload while significantly improving operational efficiency and cybersecurity monitoring. The company said the deployment eliminated more than 50 daily password-related help desk calls and automated the onboarding of 70–100 employees every month. CenturyPly, which operates multiple manufacturing plants and regional offices across India, had been facing operational challenges due to fragmented IT systems and rising workforce expansion. According to the company, engineers earlier spent hours manually creating Active…

20 May

Campus Activewear Unveils a New Identity in a Major Brand Evolution Focused on Individuality, Movement and Culture

Business BureauBusiness

Campus Activewear Ltd – one of India’s largest Sports and Athleisure brands – unveiled its new brand identity at its Annual Distributors’ Meet- Shoecase 2026. More than a visual refresh, this heralds a pivotal moment in the Company’s growth journey. The unveiling signals Campus’ evolution into a more culture-led, future-facing brand that resonates with a generation that is defining its own direction driven by individuality, movement and self-expression. At the heart of the identity shift are three outward arrows and lines that symbolise multidirectional paths, choices and possibilities, reinforcing the belief that there is no singular route to growth or…

20 May

Tata Coffee Gold launches summer-ready café-style coffee experience at home

Business BureauBusiness

As summer temperatures rise across the country, Tata Coffee Gold has introduced its premium freeze-dried coffee range aimed at bringing café-style coffee experiences into homes. The company highlighted that the range is designed for both hot and cold coffee preparations, offering consumers a variety of flavours for everyday indulgence during the summer season.The range includes five variants — Original, Vanilla, Hazelnut, Brownie and Tiramisu — each positioned to cater to different consumer preferences. The Original variant offers a rich and full-bodied coffee taste with a strong aroma, while Vanilla focuses on smooth and mellow flavours suitable for creamy lattes and…

20 May

Tvs Racing successfully concludes Nationwide Training & Selection Program for Tvs India Omc 2026

Business BureauBusiness

Building on over four decades of racing excellence, TVS Racing today announced the successful completion of the TVS India One Make Championship (OMC) 2026 Training & Selection Program. Conducted across four cities in India, the initiative reaffirmed TVS Racing’s long-standing commitment to identifying, training and nurturing the next generation of racing talent in the country. The final selection round was held between May 15 and May 17, 2026 at the Madras International Circuit (MIC), Chennai. Over 120 participants took part in the program across multiple categories - Women, Media, Rookie, Electric and TVS Apache RR310 Expert categories. TVS India One…

20 May

Tata AIA Life Insurance Declares Its Highest-Ever Bonus of ₹2,173 Crore for Participating Policyholders in FY26

Business BureauBusiness

Tata AIA Life Insurance, one of India’s leading life insurers, has announced its highest-ever bonus payout of ₹2,173 crore for the financial year ending March 31, 2026, for its participating (par) policyholders. Over 8.74 lakh policies will benefit from this payout an 18% leap over last year’s ₹1,842 crore, and the largest bonus declaration in the Company's history.The bonus has been declared across eligible participating insurance plans, reaffirming Tata AIA's steadfast commitment to helping consumers achieve their long-term financial goals while ensuring protection for their loved ones.Among other participating plans, the bonus has been declared for key participating plans such…

20 May

Tvs Venu to take a stake in Jana Small Finance Bank

Business BureauBusiness

TVS VENU has agreed to acquire a minority stake in Jana Small Finance Bank Limited through a combination of primary issuance of warrants and a secondary purchase for an equity ownership of up to 9.9% on a fully diluted basis, which includes 4.9% to be owned by TVS Motor Company, subject to all applicable approvals. TVS VENU has a long-standing presence in India’s financial services sector through TVS Credit Services, a leading Non-Banking Financial Companies offering consumer and retail loans to millions of customers across India. It has also signed definitive agreements to acquire 100% stake in PGIM India Asset…

20 May

Shri Jayant Chaudhary Represents India at Uganda Presidential Swearing-In Ceremony

Business BureauBusiness

Shri Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development & Entrepreneurship and Minister of State for Education, Government of India, recently visited Uganda to represent India at the swearing-in ceremony of H.E. Gen. Yoweri Kaguta Museveni, President of the Republic of Uganda.During the visit, Shri Chaudhary conveyed a message of solidarity and goodwill from the Prime Minister of India, Shri Narendra Modi, and the people of India on the occasion of President Museveni assuming his seventh term in office. Highlighting the importance of political continuity and stability in fostering national development, Shri Chaudhary acknowledged Uganda’s steady progress and…

20 May

Tvs Motor Company Inducts Ravindran Shanmugam as Independent director

Business BureauBusiness

TVS Motor Company (TVSM), part of TVS Venu Group, and a reputed two and three-wheeler manufacturer globally — announced the induction of Mr. Ravindran Shanmugam as independent director of the company for a period of five consecutive years effective May 13, 2026 subject to approval of the shareholders. Mr. Ravindran Shanmugam is a seasoned technology entrepreneur and business leader with extensive experience in scaling consumer-focused businesses, digital transformation, and AI-led platforms across global markets. He is currently the Co-founder and Executive Chairman of Mablle, an AI-enabled interior design and renovation platform based in Singapore. He also worked as a management…