Business - The Purbottar

16 Jan

META 2025 deadline extended to January 30; invites theatre practitioners to compete for top honors

Business BureauBusiness

The 20th Mahindra Excellence in Theatre Awards (META) has extended its submission deadline to January 30, 2025, inviting theatre practitioners nationwide to compete for top honors. META, renowned for its inclusivity and innovation, will host its landmark edition at New Delhi’s Kamani Auditorium and Shri Ram Centre, celebrating two decades of theatrical excellence. The awards recognize achievements in diverse categories, including Best Play, Best Director, and Best Actor. Over 400 entries are received annually, with the top ten selected for live performances judged by a distinguished panel. This year’s milestone edition aims to set new benchmarks in showcasing the transformative…

16 Jan

Advantage Assam 2.0 Summit to drive regional growth and global investment partnerships

Business BureauBusiness

In a bid to further enhance Assam's economic landscape, Chief Minister Himanta Biswa Sarma has spearheaded efforts to position the state as a prime investment destination, ahead of the highly anticipated Advantage Assam 2.0 Summit. Scheduled for February 25-26, 2025, the summit is expected to be a key event in attracting global investments and strengthening Assam's economic ties with the ASEAN, BIMSTEC, and European Union regions. The Assam government has already begun its global outreach, with high-level delegations traveling to key international markets. The campaign kicked off with successful roadshows in Mumbai and Delhi, followed by a major push in…

16 Jan

Wholesale inflation jump to 2.37% in December

editorBusiness, News

India's wholesale inflation rose in December, led by a surge in prices of various commodities. The wholesale price index rose 2.37% in December, compared to 1.89% in November, according to data released by the Ministry of Commerce and Industry on Tuesday. On a sequential basis, the index declined 0.38%, compared to a 0.5% decline in the previous month. Global commodity prices have risen slightly so far in January 2025 compared to December 2024. ICRA Chief Economist Aditi Nayar said the average price of the Indian basket of crude oil rose 5.8% month-on-month during January 1-13, 2025, especially amid tighter US…

15 Jan

Trent shares upsurge nearly 5% after Elara Securities assigns ‘buy’ rating

editorBusiness, News

Trent shares rose 4.89 percent to Rs 6,519 per share on January 15 after Elara Securities recommended a "buy" on the stock.Elara Securities has initiated coverage on Trent with a "buy" rating and a target price of Rs 8,500. The brokerage expects Trent to maintain industry-leading metrics due to differentiated product offerings, strong hold on processes and complete reliance on private labels.Trent's fashion portfolio consistently outperforms its peers in key parameters such as store size, revenue per sq ft/per store and EBITDA margin, as well as leading in headline growth.This outperformance is expected to be sustained by a firm focus…

15 Jan

Toyota Kirloskar Motor launches T-TEP and STAR scholarship program in Mizoram to foster skill development

Business BureauBusiness

Continuing its commitment to the nation’s ‘Skill India’ and ‘Make in India’ missions, Toyota Kirloskar Motor (TKM) has announced the launch of its 67th Toyota Technical Education Program (T-TEP) and the “Scholarship program for Technical Education and Recognition” [STAR] initiative under T-TEP at Government Industrial Training Institute (ITI), Aizwal, Mizoram. Reaffirming TKM’s unwavering commitment to fostering skill development and enhancing employability opportunities across the area. The initiative is a collaboration between TKM, the Government of Mizoram, and dealership partner Zote Toyota, underscoring their shared commitment to enhancing youth employability and fostering skill development. The launch event was graced by Chief…

14 Jan

Adani Group stocks increase as Adani Power surges over 19%

editorBusiness, News

New Delhi: Adani Group stocks witnessed a significant surge on Tuesday, with Adani Power recovering from the previous day's fall to surge as much as 19.29%. Other stocks in the group that also registered gains included Adani Green Energy, which rose 14.54%, Adani Energy Solutions (14.38%), Adani Total Gas (13%), and NDTV (12.50%) on the Bombay Stock Exchange (BSE). Shares of Adani Enterprises rose 8.91%, Adani Ports surged 6%, Ambuja Cements rose 4.79%, ACC rose 4.50%, Sanghi Industries rose 4.22%, and Adani Wilmar gained 3%. All Adani Group stocks ended weak in Monday's trade following a weak trend in equities.…

14 Jan

UTI Flexi Cap Fund: A reliable option for long-term wealth creation

Business BureauBusiness

UTI Flexi Cap Fund, a flagship offering from UTI Mutual Fund, continues to stand out as a dependable investment option for long-term wealth creation. Launched in 1992, the fund has built a robust track record, with a corpus exceeding ₹26,000 crore as of December 31, 2024. Designed for investors seeking quality, growth, and valuation, the fund invests at least 65% of its assets across large-cap, mid-cap, and small-cap equities. The fund’s investment philosophy revolves around identifying high-quality businesses with strong Return on Capital Employed (RoCE) and Return on Equity (RoE), ensuring resilience even in challenging market conditions. With a focus…

14 Jan

Angel One warns investors of fraudulent social media groups and unauthorized investment schemes

Business BureauBusiness

Angel One Ltd, a prominent fintech player, has issued a warning to investors about fraudulent social media groups impersonating its name and executives. The company has observed a surge in unauthorized groups across platforms like WhatsApp and Telegram, misleading users into believing they are associated with Angel One. These fraudulent groups are involved in illegal activities, such as offering unregistered securities advice and making unauthorized claims about returns. Angel One emphasized that such groups violate regulations by offering investment advice without SEBI approval and misleading the public with false guarantees of returns. "We urge investors to verify the authenticity of…

14 Jan

DSP Mutual Fund launches India’s first BSE Sensex Next 30 Index Fund and ETF

Business BureauBusiness

DSP Mutual Fund has launched the DSP BSE Sensex Next 30 Index Fund and DSP BSE Sensex Next 30 ETF, marking India’s first investment products focused on the BSE Sensex Next 30 Index. These open-ended equity schemes aim to offer investors exposure to 30 companies just below the BSE SENSEX, showcasing potential for robust growth and market leadership. The BSE Sensex Next 30 Index includes high-growth large-cap companies often under-represented in traditional large-cap indices. Diversified across sectors, the index allocates 18% each to Consumer Discretionary and Commodities, 19% to Financial Services, and 10% each to Energy and Healthcare. This segment…

14 Jan

JVC enters Indian market with Premium QLED TVs, eyes Rs 500 crore revenue in 3 years

Business BureauBusiness

JVC, the renowned Japanese brand in consumer electronics, has officially entered the Indian market with its premium range of smart QLED televisions. With a legacy spanning nearly a century, JVC aims to revolutionize the home entertainment experience in India with cutting-edge technology and superior craftsmanship. The brand introduces a new series of AI Vision QLED TVs, including India’s first 40-inch QLED model, with prices starting at INR 11,999. The new range of JVC televisions, available exclusively on Amazon from 14th January 2025 during the Amazon Great Republic Day Sale, promises to offer exceptional picture quality with a resolution of 3840…