Business - The Purbottar

15 Oct

India salaries projected to rise 9.1% in 2027 as attrition climbs to 18%: Aon

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Salaries in India are projected to increase by 9.1% in 2027, marginally higher than the actual 9% rise in 2026, as employers balance talent retention with cost pressures, according to a survey by global professional services firm Aon. The Annual Salary Increase and Turnover Survey for India 2026-27 analysed data from more than 1,200 organisations across 45 industries. It found that overall employee attrition rose to 18% in 2026, compared with 16.2% in 2025 and 17.1% in 2024, indicating intensifying competition for skilled workers. Non-banking financial companies are expected to record the highest salary increases at 10.1% in 2027, followed…

15 Oct

Mahinagar rooftop solar system generates 170 units in 27 days

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A 2 kW rooftop solar system installed by Innovel Solar at the residence of Tustapada Naskar in Mahinagar has generated 170 units of electricity in 27 days, highlighting the potential of residential solar power to reduce household electricity expenses. Commissioned on September 2, the grid-tied installation underwent meter verification on September 29. Based on its initial performance, the system is expected to help the household save around ₹21,000 annually, depending on seasonal sunlight, consumption patterns and maintenance. The installation was highlighted by the South Circle of the West Bengal State Electricity Distribution Company Limited (WBSEDCL) during a review presentation on…

15 Oct

FMCG Major Nestle India Reports 36.3% Jump in Q2 Net Profit to ₹1,026.70 Crore as Stock Recovers from Intra-Day Lows

nanika EditorBusiness

The share price of FMCG major Nestle India experienced a sharp and sudden downturn during midday trading on the National Stock Exchange following the official announcement of its second-quarter financial results for the period ended September 2026, with the stock initially crashing by 9 percent to hit an intraday low of ₹1,260 before subsequently recovering some of its lost ground to trade 4 percent lower at ₹1,329 by 12:55 PM, accompanied by a heavy trading volume of approximately 54.10 lakh shares changing hands on the exchange while the broader Nifty 50 benchmark index traded higher by 1.7 percent at 23,015…

15 Oct

BSA expands Gold Star 650 range with two new editions ahead of festive season

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BSA Motorcycles has expanded its Gold Star 650 range in India with two new editions, Brooklands Black Legacy Edition and Birmingham Blue, featuring exclusive finishes and premium detailing ahead of the festive season. The Brooklands Black Legacy Edition draws inspiration from the historic Brooklands circuit, where rider Wal Handley’s record-breaking performance in 1937 earned the Gold Star badge. It features deep black paintwork, gold pinstriping, chrome-finished fenders, a quilted seat and chrome accents. The Birmingham Blue Edition pays tribute to the brand’s birthplace with deep blue paintwork, a patinated silver side-panel badge and a bespoke engine finish. Both motorcycles are…

15 Oct

JSW MG Motor India selects eight startups for sixth MG Developer Program

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JSW MG Motor India has selected eight startups for the sixth edition of its MG Developer Program (MGDP), aimed at promoting innovation in automotive technology, mobility, sustainability and industrial operations. The winners — Nayan Technologies, Technod8.AI, LiveNSense, LW3, Smaartbrand by Acquink Solutions, Fitsol, Cautio and Meta Materials Circular Market — were chosen following a multi-stage evaluation process. The programme received more than 130 applications, with over 40 startups shortlisted for presentations and 18 reaching the final jury round. The winning startups will collaborate with JSW MG Motor India and ecosystem partners on pilot projects and real-world applications. Their solutions range…

15 Oct

Young first-car buyers in India spend nearly twice as much, says Kotak Prime

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India’s first-time car buyers are moving towards higher-value vehicles, with younger customers spending nearly twice as much on their first purchase compared with earlier generations, according to Kotak Mahindra Prime Ltd (Kotak Prime). The company said buyers in their mid-20s and early 30s are increasingly opting for vehicles priced between Rs 5 lakh and Rs 8 lakh, compared with the Rs 1.5 lakh to Rs 2.5 lakh range typical of entry-level cars a decade ago. Some buyers are also stretching their budgets for compact SUVs, better-equipped variants and mid-segment models. Suraj Rajappan, managing director and chief executive officer of Kotak…

15 Oct

Indriya unveils 22kt gold Shulika collection inspired by Bengal’s DurgaPujo traditions

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Indriya, the jewellery brand from the Aditya Birla Group, has unveiled Shulika, a new 22kt gold festive jewellery collection inspired by Bengal’s cultural heritage and the Shiuli flower, which heralds the arrival of MaaDurga. The collection will launch at VIP Road in Kolkata, West Bengal. Designed for Durga Pujo, Shulika draws on traditional symbols of devotion, strength, protection and prosperity, incorporating sculptural depictions of Maa Durga, the Trishul, regal Mukuts, Alpana motifs and blooming lotuses. Sandeep Kohli, CEO of Indriya, said the collection pays tribute to Bengal’s enduring attachment to its traditions and the families who welcome MaaDurga every year.…

15 Oct

Restaurant Week India expands to 10 cities with 100-plus restaurants in autumn edition

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Restaurant Week India (RWI), organised by the Dining Collective in partnership with Kotak Solitaire, Kotak Mahindra Bank, will expand to 10 cities for its autumn edition from October 16 to November 1, featuring more than 100 restaurants and new curated dining experiences on the District app. The festival’s second edition follows its summer launch across Mumbai, Delhi-NCR and Bengaluru, which attracted more than 6,000 diners through over 2,100 bookings and generated more than ₹1 crore in revenue for participating restaurants. Nearly 1,700 waitlist requests remained unfulfilled when bookings closed. The 17-day autumn edition will offer curated three-course prix-fixe menus, with…

15 Oct

Haier launches triple-drum AI washing machine in India at ₹1.3 lakh

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Haier Appliances India on Wednesday launched its M3 Series washing machine, featuring a triple-drum design and AI-powered multi-wash technology, targeting consumers seeking premium laundry solutions. The product was unveiled at the company’s ‘Elevate with Haier’ launch event on October 14, 2026. The 12kg-capacity machine, comprising two 1kg drums and one 10kg drum, enables three separate laundry loads to be washed simultaneously within a standard washing machine footprint. The company said the design supports specialised fabric care, including washing baby clothes, delicate garments and sportswear separately from everyday laundry. The M3 Series incorporates AI Wash, Smart Dose detergent dispensing and AI…

15 Oct

JSW MG Motor India launches Windsor INDULGE Edition at Rs 17.99 lakh

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JSW MG Motor India has launched the MG Windsor INDULGE Edition at an ex-showroom price of Rs 17,99,800, expanding its electric vehicle portfolio with enhanced styling, premium interiors and additional comfort features. The special edition is powered by a 38-kWh battery pack delivering 100 kW (136 PS) of power and 200 Nm of torque, with a certified range of 332 km. The launch builds on the Windsor’s market performance, with the company reporting that the model has reached more than 80,000 families in 24 months. The INDULGE Edition features a Shadow Gold body with a contrasting black roof, black outside…