Business - The Purbottar

03 Jan

Axis Mutual Fund expands reach with new branch in Kharagpur

Business BureauBusiness

Axis Mutual Fund, one of India's leading and fastest-growing fund houses, has opened a new branch in Kharagpur, West Bengal. The branch, located at Seikh Tower, Inda OT Road, Near Kharagpur College, was inaugurated by Mr. Santosh Singh, RRBH, East and South. This move highlights Axis Mutual Fund's commitment to empowering local investors with accessible and personalized financial solutions. The branch will offer a wide range of services, including KYC processing, application handling, and investment account management. Dedicated Relationship Managers will be available to guide investors through their financial journeys, ensuring tailored advice and support. The initiative also strengthens Axis…

03 Jan

Axis Max Life Insurance announces rebrand with ‘Double Bharosa’ campaign

Business BureauBusiness

Axis Max Life Insurance Ltd., formerly known as Max Life Insurance, has announced its rebranding to mark a new chapter in its evolution. The company, which has now integrated ‘Axis’ into its name following corporate and regulatory approvals, aims to broaden its reach beyond metros and tier-1 cities. This move is expected to accelerate the company's long-term growth aspirations in the life insurance and financial services sectors. The rebranding is highlighted by a refreshed logo, blending Axis’s iconic 'A' with a rich burgundy hue, symbolizing trust, modernity, and forward-thinking. The new identity reflects the company's commitment to enhancing customer trust,…

03 Jan

Nissan achieves record December sales, surpasses 10,000 bookings for new Magnite SUV

Business BureauBusiness

Nissan Motor India marked a historic milestone in December 2024, registering its best-ever sales performance with a total of 11,676 wholesale dispatches. The company also surpassed 10,000 bookings for its new Nissan Magnite SUV, which was launched in October 2024. With a total of 91,184 units sold in the calendar year, Nissan continues to see robust demand both in India and international markets. December’s export numbers stood at 9,558 units, a remarkable 72% year-on-year increase, while domestic sales accounted for 2,118 units. The export performance for FY24 has shown a growth of 63%, with the Magnite being a key contributor…

03 Jan

Capital Small Finance Bank’s total deposits inflation 12% to ₹8,384 crore in Q3

editorBusiness, News

Capital Small Finance Bank Limited (CSFB) has recorded a 12% year-on-year (YoY) growth in total deposits for the quarter ended December 31, 2024, reaching ₹8,384 crore. This growth is also accompanied by significant progress in loan disbursements, improved asset quality and strong liquidity metrics. Loan advances up 19.2%: The Bank's gross advances reached ₹6,816 crore, registering a growth of 19.2% year-on-year (YoY). Around 99.8% of the portfolio remains secured. Asset quality remains strong: CSFB demonstrated improved asset quality, with the gross non-performing asset (NPA) ratio declining to 2.67% from 2.97% in the same quarter last year. Deposits grew to ₹8,384…

02 Jan

From humble beginnings to global success: Shanyo Horam’s inspiring journey

Business BureauBusiness

Shanyo Horam, a woman who grew up in a small village in Manipur with only 33 houses, has become an embodiment of perseverance and success. The eldest of her siblings, Shanyo's childhood was marked by poverty and limited opportunities. She took on the responsibility of supporting her siblings’ education and dreams, determined to change the trajectory of her family’s future. In 2003, Shanyo moved to Bangalore, where she balanced a job with her IATA course. Despite the challenges, her dedication led her to a job in the travel industry. However, she soon realized that the limitations of a salaried job…

02 Jan

Air India Express expands network; launches Phuket and Dibrugarh flights

Business BureauBusiness

Air India Express has announced the addition of Phuket, Thailand, and Dibrugarh, Assam, to its rapidly growing network, enhancing connectivity and convenience for travelers. National, December 31, 2024: Continuing its expansion in Southeast Asia, Air India Express will commence direct flights between Hyderabad and Phuket starting January 31, 2025. Initially operating three times a week, the frequency will increase to six times weekly from February 15. Special inaugural fares start at ₹10,500, with loyalty discounts available on the airline's website and mobile app. In the domestic sector, Dibrugarh has been added as a new station, with direct flights to Guwahati…

02 Jan

NSDC drives workforce transformation in 2024; focus on skills, innovation and inclusivity

Business BureauBusiness

The National Skill Development Corporation (NSDC) marked 2024 as a transformative year in India’s skill development landscape. Anchored by the government’s vision of a skilled India, NSDC’s initiatives, such as the Skill India Digital Hub (SIDH), have been instrumental in equipping the workforce with industry-relevant skills. SIDH, offering over 500 courses in emerging fields like AI, drones, and cloud computing, has seen over 1 crore registrations and 50 lakh course completions. NSDC’s economic contributions include a 3.5% growth in IT and manufacturing sectors and the creation of over 2.3 lakh green jobs in renewable energy. Initiatives like the PradhanMantriKaushalVikasYojana (PMKVY)…

02 Jan

Eicher Motors shares upgrad over 6% as the company reported a 25% rise in motorcycle sales in Decembe

editorBusiness, News

Shares of Royal Enfield maker Eicher Motors rose over 6% on January 2 after the company reported a 25% rise in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales rose 25% to 79,466 units in December as against 63,387 units in the same period a year ago. The company's international business also performed better, rising 90% to 11,575 units. At 11:50 am on January 2, Eicher Motors shares were trading over 6% higher at Rs 5,199.5 per share. The stock has a market capitalisation of Rs 1.43 lakh crore. B Govindarajan, CEO,…

31 Dec

RVNL shares gain 8% on bagging two projects worth Rs 541 crore

editorBusiness, News

Shares of Rail Vikas Nigam Limited rallied nearly eight per cent in the morning session on the last trading day of 2024. The railway firm was declared the lowest bidder for the two projects. As a result, RVNL shares snapped a nine-session losing streak. At 11.50 am, the stock was at Rs 427.4 on the NSE, up 4.7 percent from its previous session closing price. First, RVNL won a Rs 137-crore project from the Central Railway. RVNL has 24 months to complete the project. The railway firm will undertake design, supply, construction, testing and commissioning of 132/55 kV traction substations,…

31 Dec

McDonald’s opens first restaurant in Gangtok, Sikkim

Business BureauBusiness

McDonald’s has opened its first-ever restaurant in Gangtok, Sikkim, marking a significant milestone for the global fast-food giant. Located at West Point Mall, the 2,240 sq. ft. outlet offers a seating capacity of 116 and features a modern design with globally inspired décor and amenities aimed at enhancing the dining experience. Speaking at the launch, Rajeev Ranjan, Managing Director of McDonald’s India – North and East, said, “We are excited to bring the McDonald’s experience to Gangtok, a vibrant and rapidly growing city in Sikkim. This expansion reflects our commitment to making McDonald’s accessible to more people across the Northeast…