Business - The Purbottar

07 Sep

Under IRDAI’s State Insurance Plan, First State-Level Insurance Committee Meeting held in Nagaland

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Tata AIG General Insurance Company Limited, the Lead Insurer for Nagaland under the Insurance Regulatory and Development Authority of India’s (IRDAI) State Insurance Plan (SIP), participated in the first State-Level Insurance Committee (SLIC) meeting held in the State. Chaired by Shri Kesonyu Yhome, IAS, Finance Commissioner, Government of Nagaland, the meeting brought together officials from IRDAI, Tata AIG, Government Departments and insurance companies to discuss measures to strengthen insurance penetration and bridge the insurance protection gap across Nagaland. Shri Yhome highlighted the high vulnerability of the State to various natural calamities, the high- seismicity and landslide prone conditions requiring adequate…

05 Sep

Young Indians turn to planned borrowing as personal loans become a financial tool

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Personal lending in India is undergoing a structural shift as younger and affluent borrowers increasingly use credit as a planned financial tool rather than only as a source of emergency funding. The trend is being driven by experience-led spending, greater financial awareness and the growing adoption of artificial intelligence (AI)-based underwriting by banks. Amit Pathak, Business Head – Personal Loans at Kotak Mahindra Bank, said changing borrower behaviour and AI-led underwriting are reshaping the personal lending market, with customers seeking faster, seamless and flexible access to credit while banks strengthen risk assessment and fraud detection. Younger consumers, including Gen Z…

05 Sep

Mivi enters smartphone market with Mivi One, launch set for September 24

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Homegrown consumer technology brand Mivi will enter India’s smartphone market with the launch of its first handset, Mivi One, on September 24, 2026. The smartphone will be sold exclusively through Flipkart and will feature a Qualcomm Snapdragon 5G mobile platform. Mivi said the device has been developed with Indian consumer use cases in mind, combining performance, design and value. The company, which has a decade-long presence in personal and home audio products including true wireless earbuds, headphones, speakers and soundbars, will manufacture Mivi One at its Hyderabad facility. The entry marks an expansion of Mivi’s India-focused research, engineering and manufacturing…

05 Sep

TCS launches 27th Rural IT Quiz to promote technology awareness among students

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Tata Consultancy Services (TCS), in partnership with the Department of Electronics, IT & BT, Government of Karnataka, has announced the 27th edition of the TCS Rural IT Quiz, aimed at promoting technology awareness among students from smaller towns and districts across India. The quiz, an integral part of Bengaluru Tech Summit 2026, is open to students of Classes 8 to 12, excluding schools located within city corporation limits. The competition will feature online tests, virtual quiz rounds and in-person competitions. Recognised by the Limca Book of Records as India’s first IT quiz for rural students, the programme covers artificial intelligence,…

04 Sep

Charity Commissioner Dismisses Allegations in Respect of NRTT Share Transfer

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The Tata Trusts are in receipt of the Ld. Charity Commissioner’s Order, Maharashtra State, Mumbai, dated 2nd September 2026, disposing off a complaint received from Mr. Vijay Singh, Trustee, Navajbai Ratan Tata Trust (NRTT), vide email dated 10th June, 2026 which sought an inquiry into the transfer of 833 shares of Tata Sons Private Limited from NRTT to Mr. Naval H. Tata in 1989. The Tata Trusts stand vindicated in their assertion that the allegations relating to the transfer of shares were baseless, unsubstantiated, and malafide. These were undertaken as part of a wilful, malicious and orchestrated campaign which had, as its…

04 Sep

Sony launches RX10 V with AI-powered autofocus and 30fps burst shooting

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Sony India has launched the RX10 V, the fifth-generation model in its RX10 series of all-in-one cameras, targeting photography enthusiasts with a combination of long-range zoom, AI-powered autofocus and high-speed shooting capabilities. The camera features a 1.0-type stacked Exmor RS CMOS sensor with approximately 20.1 effective megapixels and a ZEISS Vario-Sonnar T* 24-600mm F2.4-4.0 lens offering 25x optical zoom. Its AI-powered Real-time Recognition AF can identify and track humans, animals, birds, insects, cars, trains and aircraft, while the camera can shoot at up to 30 frames per second with full AF/AE tracking. The RX10 V also supports 4K 120p video…

03 Sep

Nestlé India extends flood relief support to Assam, with 2,000 grocery kits for Jorhat

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Nestlé India has announced an expanded flood-relief initiative across Assam, Nagaland and Odisha, working with local administrations to provide essential supplies to communities affected by flooding. In Assam, Nestlé India coordinated with the District Commissioners of Jorhat and Sivasagar to support relief operations. The company provided 4,000 grocery kits, including 2,000 kits each for affected communities in Jorhat and Sivasagar. The Assam Disaster Relief Team and local authorities supported the timely distribution of the kits. In Nagaland, following outreach to the District Commissioner of Mon, Nestlé India provided 1,000 grocery kits to flood-affected communities. The District Administration and local civil…

03 Sep

Construction equipment industry eyes $15 billion market by 2030 as ICEMA charts path to trillion-dollar economy

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India’s construction equipment industry is positioning itself as a key pillar of the country’s infrastructure and manufacturing ambitions, with the sector targeting growth from an estimated $10 billion in FY25 to $15 billion by 2030, industry body ICEMA said at its Annual Session 2026 in New Delhi. The session, themed “Machines that Build India — CE at the Heart of a Trillion-Dollar Economy”, brought together Union Ministers H.D. Kumaraswamy and G. Kishan Reddy, NITI Aayog Member Dr. R. Balasubramaniam and senior government officials. Discussions focused on the proposed Construction Infrastructure Equipment (CIE) Scheme, localisation, mining mechanisation, trade and exports. The…

03 Sep

Nestlé India extends flood relief support to affected communities in Assam, Nagaland and Odisha

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Nestlé India has extended relief assistance to flood-affected communities in Assam, Nagaland and Odisha, working with local administrations to provide essential supplies to vulnerable families. In Assam, the company coordinated with the District Commissioners of Jorhat and Sivasagar and provided 4,000 grocery kits, with 2,000 kits distributed in each district. The Assam Disaster Relief Team and local authorities supported the distribution of the relief materials. In Nagaland, Nestlé India provided 1,000 grocery kits to flood-affected communities in Mon district following coordination with the District Commissioner. The District Administration and local civil bodies assisted in the distribution. In Odisha’s Bhadrak district,…

03 Sep

Berger Paints construction chemicals business crosses ₹1,500 crore milestone

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Berger Paints India Limited has crossed the ₹1,500-crore milestone in its construction chemicals business, including waterproofing, in FY26, as the company expands beyond its traditional paints and coatings portfolio. Built over the past seven to eight years, the business has recorded a CAGR of more than 25% over the last three years, significantly ahead of the broader waterproofing market, which is estimated to grow at 8–10%. The wider Indian construction chemicals market is estimated at $2.53 billion in 2026 and is projected to reach $4.47 billion by 2031, according to a June 2026 report by Mordor Intelligence. Berger's portfolio includes…