Business - The Purbottar

24 Dec

Nissan, Honda, and Mitsubishi Motors sign an MOU for the business integration

Business BureauBusiness

Nissan Motor Co., Ltd. ("Nissan"), Honda Motor Co., Ltd. ("Honda"), and Mitsubishi Motors Corporation ("Mitsubishi Motors") have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors’ participation, involvement, and synergy sharing in relation to the business integration through the establishment of a joint holding company outlined in an MOU signed between Nissan and Honda. Mitsubishi Motors has been participating in this framework, and the three companies have been proceeding with discussions. Marking the announcement, Nissan Director, President, CEO, and Representative Executive Officer Makoto Uchida said: “We anticipate that if this integration comes to fruition, we will…

24 Dec

UTI Mutual Fund to open new financial centre in Gangtok, expands access to mutual fund investments

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UTI Asset Management Company (UTI AMC), one of India’s leading asset management firms, is set to open a new UTI Financial Centre (UFC) in Gangtok, Sikkim, as part of its nationwide expansion. The new branch, located at C/O S.K. Enterprise, 1st Floor, Near NBBD College, Tadong Bazar, NH -10, East Sikkim, will officially open on December 26, 2024, alongside 15 other branches across South, East, and North India. The move is part of UTI’s strategy to enhance financial inclusion and make mutual fund investments more accessible to investors in B30 cities and beyond. Mr. Imtaiyazur Rahman, MD and CEO of…

24 Dec

Organic India celebrates Kisan Diwas, honors farmers’ dedication to nature

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Organic India, a leading name in the organic food industry under Tata Consumer Products Limited, marked Kisan Diwas with a heartfelt tribute to farmers who have been pivotal in cultivating nature’s purity. The celebration emphasized Organic India's two-decade partnership with over 2,000 organic farmers across 8,500 acres of farmland, reaffirming its commitment to sustainability and farmer empowerment. The brand’s campaign, “Kudrat ki Suddhta, Aapke Haathon Mein,” highlights the meticulous journey from soil preparation to harvesting high-quality herbs. Stunning visuals in the campaign underscore the essence of trust and authenticity, reinforcing the brand’s dedication to delivering pure and organic products from…

24 Dec

Godrej Agrovet launches #SeedsofGoodness film to support farmers on Kisan Diwas

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Ahead of Kisan Diwas 2024, Godrej Agrovet Limited unveiled its #SeedsofGoodness brand film, reaffirming its commitment to stand with Indian farmers amidst evolving climatic challenges. The film highlights the company’s on-ground initiatives aimed at improving the lives of farming families and fostering resilience against adverse weather conditions. Speaking about the initiative, Balram Singh Yadav, Managing Director of Godrej Agrovet Ltd., emphasized the critical impact of rising temperatures and unpredictable weather on crop yield and farmer income. “We are steadfast partners to our farmers, providing holistic support through continuous innovation. This KisanDiwas, we reaffirm our gratitude and commitment to their upliftment,”…

23 Dec

Smartphone exports cross Rs 1.70 lakh crore, increase 31%

editorBusiness, News

India's smartphone exports are set to cross Rs 1.70 lakh crore in the current fiscal - up 31% from Rs 1.29 lakh crore in FY24. Nearly 70% of shipments are of iPhones. Products from Samsung and domestic contract manufacturer Padget Electronics (Dixon) and a small amount of merchandise exports make up the remaining 30%. According to industry sources, smartphone exports reached Rs 1.10 lakh crore in the April-November period, up 45% from the export figure of Rs 76,221 crore in the same period in FY24. In November, monthly exports were Rs 20,000 crore, the highest ever. Apple's iPhone vendor Foxconn,…

23 Dec

Tansen Samaroh’s Guinness Record sets classical music market abuzz

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The 100th TansenSangeetSamaroh achieved a Guinness World Record for the Largest Hindustani Classical Band, featuring 546 musicians. This historic performance at Gwalior Fort, showcasing ragas like Rag Malhar, Rag Mia kiTodi, and Rag Darbari, has sent ripples across India’s classical music market. The event, organized by the Madhya Pradesh Cultural Department, celebrated Gwalior’s status as a UNESCO City of Music. Chief Minister Dr. Mohan Yadav emphasized its global significance, while Guinness consultant NischalBarot commended the flawless execution, marking his 53rd successful record. In Nabadwip, a renowned cultural hub in West Bengal, the impact was palpable. Local instrument makers and retailers…

23 Dec

Chicco expands retail footprint with biggest flagship store at Ambience Mall, Gurgaon

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Chicco, a renowned global leader in baby care products, has inaugurated its largest flagship store at Ambience Mall, Gurgaon, marking a significant milestone in its retail expansion across India. The store, situated on the second floor of the mall, is designed to offer a warm, welcoming environment for parents, providing them with access to a wide range of baby care solutions. These include baby apparel, strollers, car safety seats, feeding accessories, toys, and more, all crafted to meet the highest safety and comfort standards. Mr. Rajesh Vohra, CEO of Artsana India (Chicco), officiated the store's opening, emphasizing the company's commitment…

23 Dec

Two-thirds of Gen Z and millennials are first-time pet parents in India: Mars study

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A groundbreaking survey by Mars Petcarereveals that over two-thirds of Gen Z and Millennials in India are first-time pet parents, signaling a profound shift in the country’s pet ownership dynamics. The Global Pet Parent Survey, which included responses from 20,000 participants worldwide, highlights the emotional bonds between young Indians and their pets, with 68% of Gen Z dog owners and 71% of cat owners viewing their pets as integral to their lives. The study shows that pets are seen as stress-relievers and companions, with over 64% of young dog owners and 60% of young cat owners in India reporting reduced…

21 Dec

Onion prices plunge by 50% in a week

editorBusiness, News

NAVI MUMBAI: Onion prices, which have become a burden on consumers' pockets, have fallen sharply by about 50% in the last week. This is due to the arrival of new crop and the imposition of duty on export. Vegetable traders said that as more fresh stock reaches the market, prices will fall further. Wholesale prices at the Vashi APMC (Agricultural Produce Market Committee) market, which supplies the Mumbai Metropolitan Region, have come down from ₹45-50 per kg last week to ₹20-25 per kg on Friday. Traders said that prices in the retail market have come down from ₹80-90 per kg…

21 Dec

Isuzu Motors India celebrates one lakh vehicle rollout at Sri City plant

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Isuzu Motors India has reached a major milestone with the rollout of its one lakhth vehicle from its Sri City manufacturing facility in Andhra Pradesh. The milestone was marked by the launch of the popular Isuzu D-MAX V-Cross, a model renowned for its durability and reliability. This achievement reflects Isuzu’s commitment to the Indian market, having doubled its vehicle production in just two years. The ceremony was attended by Dr. N. Yuvaraj, Secretary to the Government of Andhra Pradesh, along with other dignitaries including Dr. RavindraSannareddy, Founder & MD of Sri City, and Makoto Sado, Chairman of the Sri City…