Business - The Purbottar

30 Nov

Tata AIA Life Insurance app crosses 1 million downloads mark

Business BureauBusiness

Tata AIA Life Insurance has announced a significant milestone as its mobile app crosses 1 million downloads, reflecting growing consumer trust in its innovative digital solutions. The app has received an impressive rating of 4.7 on Android and 4.6 on iOS, thanks to its intuitive interface and wide array of services. This achievement highlights Tata AIA’s commitment to providing customer-centric solutions, allowing users to manage their life insurance policies effortlessly. The app offers more than 60 services, including premium payments, claim tracking, policy management, and real-time customer service. A standout feature is the availability of instant loans, alongside health and…

29 Nov

Mercury Trade Links Limited engages in the business of trading agro products

Business BureauBusiness

Rs. 48.95 crore Rights issue of Ahmedabad-based Mercury Trade Links Limited (BSE – 512415) has engaged in the business of trading agro products will open for subscription on November 7, 2024. The funds raised through the right issue will be utilised to fund company's working capital requirements, issue expenses, general corporate among others. Right issue of the company are offered at a price of Rs. 44.95 per share as compared to closing share price of Rs. 60.43 per share on November 6, 2024. Rights Issue will close on December 05, 2024. This is the 2nd rights issue from the company…

29 Nov

Hotel Polo Towers Shillong announces launch of ‘Tring Tring’ – A vintage dining & cocktail bar

Business BureauBusiness

Hotel Polo Towers Group has officially launched Tring Tring, an upscale all-day dining and cocktail bar, as part of its strategic expansion into Shillong’s premium hospitality segment. The 3,200-square-foot venue, located in the city center, merges nostalgic 90s aesthetics with contemporary luxury, targeting both local patrons and tourists. Positioned as a multi-functional space, Tring Tring accommodates 150 guests across private booths, a vibrant bar, and an open verandah offering views of Shillong’s mountains. Retro elements like vintage telephone booths and rotary phones enhance its marketability as a destination for social media-savvy diners. The curated menu emphasizes local flavors and international…

29 Nov

Godrej Professional launches spotlight to empower India’s salontalent

Business BureauBusiness

Godrej Professional, a leading brand under Godrej Consumer Products Limited (GCPL), has introduced Godrej Professional Spotlight, a platform designed to showcase the creativity of India's hairstyling community. Partnering with the Beauty & Wellness Sector Skill Council (B&WSSC), the initiative aims to upskill 30 shortlisted hairstylists while awarding up to ₹5 lakh in funding to winners. The grand finale, scheduled for December in Mumbai, will feature curated hair shows judged by industry icons, including celebrity stylist YianniTsapatori. First, second, and third-place winners will receive ₹5 lakh, ₹2.5 lakh, and ₹1.5 lakh, respectively, along with opportunities for advanced training and celebrity collaborations.…

29 Nov

NTPC Green shares upgrade on solar project news

editorBusiness, News

Shares of recently listed NTPC Green Energy gained 4% during today's session to hit Rs 127.55 on the BSE after the company announced successful commissioning of the first phase of the 105 MW Shajapur Solar Project having a capacity of 55 MW. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, after successful commissioning, NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy Limited, has announced the first tranche capacity of 55 MW out of the 105 MW Shajapur Solar Project (Unit-I) at Shajapur, Madhya…

28 Nov

Shangar Decor’s ₹49.35 crore rights issue to close on December 6

Business BureauBusiness

Ahmedabad-based Shangar Decor Limited (BSE–540259) has announced that its ₹49.35 crore rights issue, offering equity shares at ₹5.76 each, is set to close on December 6, 2024. The issue opened on November 8, 2024, with a rights entitlement ratio of 7:1, allowing eligible shareholders to receive seven equity shares for every share held as of October 28, 2024. The last date for on-market renunciation of rights entitlements is November 29, 2024. The company, known for its expertise in decor services for events like weddings, corporate functions, and exhibitions, plans to utilize ₹37.81 crore of the proceeds for working capital needs.…

27 Nov

Bank of India completes Rs 5,000 crore bond sale, stocks expansion

editorBusiness, News

Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank's market cap stood at Rs 50,762 crore. Bank of India shares surged after the lender said it has issued long term bonds (infrastructure) worth Rs 5,000 crore on a private placement basis. Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank's market cap stood at Rs 50,762 crore. A total of 4.87 lakh shares were traded on the BSE, generating a turnover of Rs 5.33 crore. The stock is neither trading in the overbought nor in the oversold zone,…

27 Nov

Raghavendra Rathore Jodhpur launches ‘Shimmer Reimagined for Men’ collection

Business BureauBusiness

Renowned designer Raghavendra Rathore Jodhpur steps into a new chapter of men’s fashion with the launch of Shimmer Reimagined for Men, a collection that blends modern luxury with timeless craftsmanship. This collection comes in the wake of the extravagant Anant and Radhika wedding, which set new benchmarks for opulent celebrations, fueling a surge in demand for elevated fashion—even for intimate events. Drawing from the brand’s recent collaboration with global icon Diljit Dosanjh, who sported bespoke satin ensembles on his international tour, the collection introduces shimmering textures paired with classic tailoring. The bold yet elegant designs aim to reshape men’s perceptions…

26 Nov

Swiggy shares upgrade 6% after UBS initiates coverage, analysts expect up to 26% surge

editorBusiness, News

Shares of Swiggy Ltd, a leading player in food delivery and instant commerce, jumped 6 per cent to Rs 456 in morning trade on November 26, after UBS initiated coverage with a 'buy' rating. The brokerage highlighted Swiggy's strong growth prospects and set a target price of Rs 515, implying a potential upside of about 27 per cent from current levels. UBS pointed out that Swiggy is well positioned for growth, currently trading at a 35 per cent discount to Zomato.The stock rose 6.2 per cent to Rs 458 compared to its previous close of Rs 431.25 on the BSE,…

26 Nov

Quality Drives Rising Milk Consumption in India: Godrej Jersey

Business BureauBusiness

More than half of Indian (54%) consumers ranked quality of milk as a top priority while purchasing milk. Leading to the National Milk Day on November 26, Godrej Jersey’s Milk Report also revealed that Indians are ready to increase milk consumption if they are assured of milk quality and safety. Titled‘Bottoms Up…India Says Cheers to Milk!’ the comprehensive studycovering consumer responses from Delhi, Lucknow, Mumbai, Pune, Hyderabad, Chennai, Bangalore, and Kolkata, provides valuable insights into evolving consumer preferences and industry trends. Beyond quality considerations, the report highlights shifting consumer awareness and expectations in the dairy sector, serving as a crucial…