Business - The Purbottar

20 May

Sayaji Hotels enters Sikkim with launch of Effotel by Sayaji in Gangtok

Business BureauBusiness

Sayaji Hotels has expanded its presence in the Northeast with the launch of Effotel by Sayaji in Gangtok, marking the hospitality group’s entry into Sikkim’s growing tourism market. The new property, located in Tathangchen near the popular Ridge Park, was officially announced on May 15. Situated at an altitude of around 1,650 metres, Gangtok is known for its views of Mt Kanchenjunga, monasteries, lakes and vibrant tourist activity. The hotel is strategically located close to Ridge Park and MG Marg, giving visitors easy access to key cultural and commercial areas of the city. Effotel by Sayaji features 32 rooms, including…

19 May

PepsiCo India Eyes Long-Term Growth with ₹5,700 Crore Investment across Three States

nanika EditorBusiness

Food and beverages giant PepsiCo India has announced a major investment plan of up to ₹5,700 crore by 2030. The massive capital injection will primarily focus on ramping up the manufacturing capacity of its foods business across the country. Speaking on the initiative, PepsiCo’s India and South Asia CEO, Jagrut Kotecha, emphasized that India remains one of the company's top 13 global markets, offering immense potential driven by rising consumer incomes and a stable economic environment. The planned investment will be directed toward three key manufacturing facilities. These include a strategic concentrates plant in Madhya Pradesh and advanced snacks plants…

19 May

Malabar Gold & Diamonds opens first Assam showroom in Guwahati

Business BureauBusiness

Jewellery retailer Malabar Gold & Diamonds today launched its first showroom in Assam at Guwahati, marking a major step in the company’s expansion across East India. With the opening, the brand’s presence in the eastern region has increased to 21 showrooms. Spread across 8,000 square feet, the new outlet has been designed to offer a premium jewellery shopping experience with spacious displays, modern interiors and personalised customer service. The showroom was inaugurated by SonuSood along with O. Asher, Managing Director, India Operations, in the presence of senior company officials, customers and members of the local community. The showroom features a…

19 May

Oil Shock Triggers Historic Plunge: Indian Rupee Slumps to All-Time Low of 96.45 Against US Dollar

anuprova EditorBusiness

The Indian rupee plummeted to a historic low of 96.45 against the US dollar, driven down by soaring global crude oil prices and intensifying geopolitical conflicts in the Middle East. As Brent crude surged past $111 per barrel following a drone strike on a UAE nuclear power plant and stalled US-Iran peace talks, concerns over India’s expanding import bill and widening current account deficit escalated sharply. Because India relies on imports for nearly 90% of its crude requirements, higher energy costs are heavily straining domestic macroeconomic stability, accelerating wholesale inflation to 8.3%, and triggering substantial foreign investor outflows from local…

18 May

TVS Venu Group Strengthens Banking Footprint with Strategic Jana Bank Stake

nanika EditorBusiness

In a strategic move to expand its footprint in India’s financial services sector, the TVS Venu Group has agreed to acquire a minority stake of up to 9.9% in Jana Small Finance Bank Limited on a fully diluted basis. The acquisition will be executed through a combination of a primary issuance of warrants and a secondary purchase, subject to all necessary regulatory approvals. As part of the agreement, TVS Motor Company will directly own 4.9% of the equity. The TVS Venu Group, which includes prominent entities like TVS Motor, TVS Credit, and TVS Emerald, clocked a revenue of $6.5 billion…

18 May

Government pushes public sector banks, insurers to cut costs, move to EVs

anuprova EditorBusiness

The Union Finance Ministry has issued a fresh directive aimed at cost-cutting and sustainability in all state-run financial institutions. It will directly impact employees of large institutions like the State Bank of India (SBI) and the Life Insurance Corporation of India (LIC). The government has asked public sector banks, insurance companies and financial institutions to cut unnecessary expenditure in an effort to rationalise operational costs. The directive’s key measures include placing strict limits on official travel and prioritising virtual meetings over in-person ones where possible. They are also obligated to convert the corporate fleets of such state-run organizations to electric…

16 May

BharathCloud launches first AI-ready sovereign cloud centre at CtrlS Hyderabad facility

Business BureauBusiness

BharathCloud, an Indian AI-ready cloud services provider, has launched its first Cloud Centre at the Hyderabad DC1 facility of CtrlS Datacenters, marking a major step towards strengthening India’s sovereign and AI-ready digital infrastructure ecosystem. The Cloud Centre was formally inaugurated by Sridhar Pinnapureddy. The initiative comes amid rising demand for secure, scalable and sovereign digital infrastructure as artificial intelligence workloads, data localisation and digital transformation accelerate across sectors. Global property consulting firm JLL acted as the exclusive advisor for the transaction through which BharathCloud established its datacentre ecosystem. The facility is hosted within CtrlS’ AI-ready Rated-4 datacenter ecosystem. Congratulating BharathCloud…

16 May

Narayana Schools shine in CBSE Class XII results, 27 students score above 97%

Business BureauBusiness

Narayana Schools has once again posted an impressive performance in the CBSE Class XII Board Examinations 2026, reaffirming its academic strength across West Bengal. A total of 2,144 students from the institution appeared for the examinations, with the schools recording an overall pass percentage of 95.4 per cent. The institution said 27 students secured 97 per cent and above, reflecting consistent academic excellence and strong student performance. Among the top achievers from Narayana Group of Schools, West Bengal, Sharanya Majumder secured 98 per cent, Olivia Mondal scored 97.8 per cent, while Purbasha Chakraborty, Krishanu Das and MD Zyed secured 97.6…

16 May

TCS CEO K Krithivasan’s Salary Grows to Rs 28 Crore in FY26

anuprova EditorBusiness

Tata Consultancy Services (TCS) CEO and Managing Director K Krithivasan received a salary of Rs 28 crore for the fiscal year 2025-26, which is a 6.3% increase over the previous year, according to the company's latest annual report. His total remuneration for the fiscal year included a salary of Rs 1.67 crore, benefits, perquisites and allowances of Rs 1.43 crore and a handsome performance-linked commission of Rs 25 crore. The annual report noted that the CEO’s total earnings were 332.8 times the median compensation of the tech giant’s workforce. On the other hand, Tata Group and TCS chairman N Chandrasekaran…

16 May

The Silent Threat: How Fatty Liver Disease Escapes Early Detection

Business BureauBusiness

Dr. Adi Rakesh Kumar is a Consultant Gastroenterologist, Therapeutic Endoscopist & Endosonologist at Yashoda Hospitals, Hyderabad Says, One of the most common liver diseases in the world is fatty liver disease, also referred to as non-alcoholic fatty liver disease (NAFLD). Its silent nature—the majority of people are unaware of the condition until it reaches severe stages—makes it more worrisome. The liver is a resilient organ that carries out vital tasks such nutrient storage, metabolism, and detoxification. Excess fat builds up inside liver cells in fatty liver disease, which frequently has no symptoms at first. Fatty liver usually develops slowly, making…