Business - The Purbottar

31 Jan

GCPL expands leadership in pest control with new INR 99 HIT Anti-Roach Gel

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Godrej Consumer Products Limited (GCPL) has launched a new INR 99 variant of its HIT Anti-Roach Gel, aiming to enhance accessibility and affordability in the household insecticide market. The move comes in response to the persistent cockroach infestations in 65% of urban Indian homes, despite 93% of households cleaning daily. HIT, a market leader in pest control solutions, has built on the success of its existing Anti-Roach Gel by introducing a smaller, cost-effective version that retains the effectiveness of its predecessor. The new product is designed to meet the rising demand for affordable pest control solutions while countering counterfeit products.…

31 Jan

H&M profit rises despite revenue drop

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The Swedish H&M group saw its group revenue decrease by 1% in the fourth quarter and the full year. Nevertheless, the company managed to increase its profit. After a challenging period, the fashion giant believes it is back on the right track. Slow but profitable year-end In the fourth quarter, H&M's net revenue fell slightly to 62.2 billion Swedish kronor (5.4 billion euros), despite a 4% increase in December. The late arrival of Black Friday meant that most of its revenue was recorded in December, unlike the previous year. Gross margin rose slightly to 54.6% from 53.7%, while gross profit…

30 Jan

Suzlon Energy shares jump 5% for second day; one analyst sees stock at ₹80

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Shares of wind energy solutions provider Suzlon Energy Ltd are hitting an upper circuit of 5% for the second consecutive day.With Thursday's surge, the stock has gained 10% in the last two trading sessions. The move has also taken the company's market capitalisation to over ₹75,590 crore.The two-day surge in Suzlon shares has pushed its Relative Strength Index (RSI) to 37 on the charts, which is close to 'oversold' levels. An RSI reading below 30 indicates that the stock is 'oversold'.Of the six analysts tracking Suzlon Energy, five now have a 'buy' rating on the stock and one has a…

30 Jan

Lenovo expands retail footprint with 25+ new stores across North and East India

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Lenovo, a global leader in technology, has significantly bolstered its retail presence by inaugurating over 25 exclusive stores across North and East India. This expansion brings Lenovo’s total retail footprint to more than 480 exclusive stores nationwide, reinforcing its market leadership and commitment to accessible technology. The new stores, strategically located in regions like Uttar Pradesh, Rajasthan, Bihar, West Bengal, Madhya Pradesh, Jharkhand, and Haryana, aim to meet the rising demand for cutting-edge devices. With a strong focus on Tier-2 and Tier-3 cities, these outlets feature AI-enabled gaming, consumer, and commercial products, catering to diverse customer needs. Notably, a hybrid…

30 Jan

Shakti pumps achieves stellar financial performance in Q3 FY25

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Shakti Pumps (India) Limited (SPIL) has reported exceptional growth in its financial results for the third quarter and nine months ending December 31, 2024. The company’s revenue from operations surged by 30.9% year-on-year (YoY) to reach Rs. 6,488 million in Q3FY25, compared to Rs. 4,956 million in Q3FY24. This robust growth is attributed to the company’s increased order execution and operational efficiencies. The profit after tax (PAT) for the quarter saw a remarkable increase of 130.2%, reaching Rs. 1,040 million, up from Rs. 452 million in the same period last year. The company’s EBITDA also grew significantly by 117.6% YoY…

30 Jan

Blenders Pride Fashion Tour 2025 redefines fashion with purpose and social impact

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Blenders Pride Fashion Tour 2025 promises an extraordinary celebration of fashion, music, and entertainment, marking its most iconic edition yet. Partnering with the Fashion Design Council of India (FDCI), the tour will spotlight India’s top designers and style icons across Gurugram, Mumbai, Chandigarh, Guwahati, and Vizag. The tour kicks off in Gurugram with Rohit Bal’s grand showcase featuring over 70 luminaries. In Mumbai, Tarun Tahiliani will redefine contemporary fashion. Chandigarh will see Kanika Goyal collaborate with Jacqueline Fernandez, while Guwahati highlights Jaywalking with Tiger Shroff, and Vizag features Bloni by Akshit Bansal with Tamannaah Bhatia. Kartik Mohindra of Pernod Ricard…

30 Jan

NEHHDC’s Jewellery Incubator to boost Northeast’s artisan economy

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The North Eastern Handicrafts and Handloom Development Corporation (NEHHDC) has inaugurated a Jewellery and Handicrafts Livelihood Business Incubator (LBI) at its Bamunimaidan premises, aiming to modernize the region’s artisan economy. Developed under the ASPIRE Scheme of the Ministry of Micro, Small & Medium Enterprises (MoMSME), the incubator will provide infrastructure, skilling, and market linkages to artisans, aligning with the Make in India and Skill India initiatives. The Indian Institute of Entrepreneurship (IIE) serves as the mentor institute. The jewellery and gemstone sector contributes significantly to India’s GDP (7%) and merchandise exports (15%), making strategic investments like the LBI essential for…

29 Jan

Parimatch hosts exclusive online meet-and-greet with Sunrisers Eastern Cape stars

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Parimatch, a global online gaming platform, recently hosted an exclusive online meet-and-greet featuring Sunrisers Eastern Cape cricketers Marco Jansen, Tristan Stubbs, and Aiden Markram. The event, held amid the ongoing SA20 cricket season, offered fans a rare opportunity to interact with their favorite players. During the session, the players shared insights into their training, strategies, and experiences in franchise cricket. Sunrisers Eastern Cape captain Aiden Markram emphasized the importance of mental resilience and a balanced team atmosphere, while Marco Jansen highlighted how franchise cricket has shaped his career. Tristan Stubbs spoke about managing pressure and staying mentally fresh. The event…

29 Jan

Isuzu Motors India expands network with four new touchpoints across India

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Isuzu Motors India inaugurated four new touchpoints, expanding its network to 72 locations across the country. The new additions include 3S (Sales, Service, and Spares) dealerships in Indore, Madhya Pradesh, and Patna, Bihar, alongside Authorized Service Centers (ASCs) in Khammam, Telangana, and Ratnagiri, Maharashtra. The new dealerships, Sagar ISUZU in Indore and Imperial ISUZU in Patna, mark the brand's entry into Bihar, a key market for its growing portfolio. The ASCs in Khammam and Ratnagiri, operated by Beyond Auto Care and Shrine ISUZU respectively, promise to deliver top-notch service in alignment with ISUZU’s global standards.Commenting on the expansion, Mr. Rajesh…

29 Jan

DGT partners with BITS Pilani to foster entrepreneurship through incubation programs

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The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship (MSDE), has signed a Memorandum of Understanding (MoU) with the Pilani Innovation & Entrepreneurship Development Society (PIEDS) of BITS Pilani to boost entrepreneurship and skilling among students of National Skill Training Institutes (NSTIs). The collaboration focuses on fostering innovation, creating start-up opportunities, and aligning skill training with industry needs. The partnership introduces two key programs: the Innovation Challenge and the Open Incubation Program. The Innovation Challenge targets NSTI trainees and alumni, with special provisions for women to bridge the gender gap in innovation. The Open Incubation…