Business - The Purbottar

27 Jan

Tata Soulfull brings wholesome snacks to Mahakumbh Mela

Business BureauBusiness

Tata Soulfull, a leading brand of healthy and delicious snacks, is participating in the Mahakumbh Mela, offering a range of wholesome and nutritious options to the millions of devotees attending the grand spiritual gathering."At Tata Soulfull, we are committed to bringing wholesome and delicious options to consumers across India," said Prashant Parameswaran, President, Soulfull at Tata Consumer Products. "Our participation in the Mahakumbh Mela is a reflection of this commitment, as we aim to cater to the diverse needs of the millions of devotees and families attending this grand spiritual gathering."Visitors to the Mela can enjoy Tata Soulfull's nourishing Hot…

27 Jan

Utkarsh Small Finance Bank expands to Sikkim, opens first outlet in Gangtok

Business BureauBusiness

Utkarsh Small Finance Bank Limited (Utkarsh SFBL) has officially entered the Sikkim market with the inauguration of its first banking outlet in Gangtok. This strategic move marks the bank's 1043rd outlet across India, solidifying its commitment to financial inclusion and expanding its reach to new regions. The opening of this outlet in Gangtok holds significant importance for the bank. "The inauguration of our first banking outlet in Gangtok is a landmark moment in our journey towards broadening financial access in Sikkim," stated Mr. Govind Singh, MD & CEO of Utkarsh SFBL. He emphasized the bank's aim to contribute to the…

27 Jan

LIC Mutual Fund launches multi asset allocation fund for diversified investment strategy

Business BureauBusiness

LIC Mutual Fund has launched its new scheme, the LIC MF Multi Asset Allocation Fund, aiming to offer investors a diversified investment option across equity, debt, and gold. The open-ended fund will be available for subscription through a New Fund Offer (NFO) from January 24 to February 7, 2025. The primary objective of the scheme is to generate long-term capital appreciation by investing in a mix of equity and equity-related instruments, debt and money market instruments, and units of gold Exchange Traded Funds (ETFs). The benchmark for the scheme combines 65% Nifty 500 TRI, 25% Nifty Composite Debt Index, and…

27 Jan

Tata AIA Life launches ‘Shubh Muhurat’ to help Indian families achieve dream weddings

Business BureauBusiness

In a move to address the growing financial burden associated with Indian weddings, Tata AIA Life Insurance, a leading life insurer, has introduced 'Shubh Muhurat,' a novel life insurance solution. This product is designed to assist parents in systematically saving for their children's dream weddings while also providing financial security in unforeseen circumstances. Traditionally, Indian families have relied on gold, fixed deposits, and other conventional saving methods to accumulate funds for weddings. However, these options often lack flexibility or the potential for substantial wealth growth over time. Shubh Muhurat emerges as a solution, promoting goal-based saving through life insurance. The…

27 Jan

Air India introduces AI-driven eZ booking for seamless reservations

Business BureauBusiness

Air India has launched its groundbreaking AI-powered eZ Booking feature, promising a faster and more intuitive reservation experience for Maharaja Club loyalty program members. The feature, available on Air India’s website, eliminates complex navigation, allowing users to book tickets effortlessly by speaking or typing their travel needs. The innovative eZ Booking employs ‘Agentic AI,’ mimicking human travel agents by understanding natural language inputs and generating customized itineraries. Users can modify or finalize their plans with minimal commands, making the process seamless. “eZ Booking showcases our commitment to enhancing customer experience with intelligent digital solutions,” said Dr. Satya Ramaswamy, Chief Digital…

27 Jan

Indian Oil Q3 Earnings Preview | Dramatic increase in profit expected after weak Q2

editorBusiness, News

Indian Oil Corporation (IOC) Ltd will announce its third quarter earnings for the financial year 2024-25 on January 27. Analysts expect a sharp jump in profits, mainly due to the weak performance in the previous quarter (Q2 FY25). What to expect Profit jump: IOC is expected to report a profit of ₹6,140 crore, a significant rise from just ₹180 crore in Q2 FY25. Revenue growth: Revenue is estimated to grow 11% to ₹1.92 lakh crore compared to ₹1.74 lakh crore in the previous quarter. EBITDA improvement: Earnings before interest, tax, depreciation and amortization (EBITDA) is estimated to increase from ₹3,772…

25 Jan

ICICI Bank Q3 results preview: Net profit may rise 10%, asset quality likely to remain stable

editorBusiness, News

ICICI Bank is set to announce its financial results for the October-December quarter (Q3FY25) on Saturday, January 25. Analysts expect the bank to report a healthy rise in profit on the back of strong loan growth and stable asset quality. According to a CNBC-TV18 poll, ICICI Bank's profit after tax (PAT) is expected to rise 10.3% to reach ₹11,332.7 crore compared to ₹10,271.6 crore in the same period last year. Meanwhile, the bank's net interest income (NII) is estimated to reach ₹20,461.4 crore from ₹18,678.6 crore in Q3FY24. The bank's asset quality is likely to remain stable. Brokerage firm Motilal…

24 Jan

NHC Foods records 384% profit growth in Q3-FY25, eyes expansion

Business BureauBusiness

NHC Foods Limited, a leading exporter of spices and agricultural commodities, has reported a remarkable 384% growth in net profit for Q3-FY25, reaching ₹208.33 lakh compared to ₹43.03 lakh in the same period last year. Revenue for the quarter surged 58% to ₹7,352.97 lakh, driven by robust domestic and international demand. For the nine months ending December 31, 2024, net profit soared by 384% to ₹614.30 lakh, while revenue climbed 64% to ₹21,420 lakh, surpassing the company’s total FY24 profits. The performance underscores NHC Foods’ resilience and growth amid a challenging market landscape.To bolster growth, the company is investing in…

24 Jan

Flipkart teams up with ITI Kalyani to strengthen supply chain workforce

Business BureauBusiness

Flipkart, a leading player in India’s e-commerce sector, has partnered with the Industrial Training Institute (ITI) Kalyani, West Bengal, to establish a Center of Excellence (CoE) lab under its Supply Chain Operations Academy (SCOA). The initiative, outlined in a Memorandum of Agreement (MoA), aims to equip youth with industry-relevant skills for supply chain operations, addressing the growing demand in the e-commerce ecosystem. The CoE lab will provide free training, certifications, and a 45-day On-The-Job-Training (OJT) or Industry Exposure (IE) program at Flipkart facilities. SCOA’s curriculum covers key roles, including Picker, Putter, Packer, and Data Entry Operator. In 2024 alone, SCOA…

24 Jan

Flipkart and APFBC join hands to empower Assam’s entrepreneurs through e-commerce

Business BureauBusiness

Flipkart, in collaboration with the Assam Project on Forests & Biodiversity Conservation (APFBC), hosted an orientation workshop focused on empowering self-help groups (SHGs) and cluster level federations (CLFs). The event, held at Aranya Bhawan, introduced participants to Flipkart’s 'Samarth' program, which aims to provide entrepreneurs with digital tools and PAN-India market access. Attendees, including artisans and weavers, gained insights on product listing and online business strategies. The workshop emphasized training and logistics support for sellers. Mr. Rajneesh Kumar, Chief Corporate Affairs Officer of Flipkart, highlighted the initiative's goal to foster economic opportunities and digital inclusivity for underserved communities. Launched in…