Business - The Purbottar

06 Nov

Abhay Prabhavana Museum inaugurates in Pune

Business BureauBusiness

The Abhay Prabhavana Museum, arguably the largest “Museum of Ideas" dedicated to Jain philosophy and Indian heritage, has officially inaugurated amidst much anticipation and interest. Established by Abhay Firodia, Chairman of the Amar Prerana Trust, the museum represents a significant milestone in preserving and promoting India’s spiritual legacy. This landmark event drew esteemed dignitaries, scholars, and leaders who gathered to celebrate the museum’s mission: to instill a deeper understanding of Jain values, their crucial impact on the Indian value system, and its relevance in contemporary society. The inauguration was graced by the presence of Shri Nitin Gadkari, Union Minister, alongside…

06 Nov

Swiggy opens IPO; price band set at Rs 371- Rs 390 per share

Business BureauBusiness

Swiggy Limited, India's leading on-demand convenience platform, has launched its much-anticipated Initial Public Offering (IPO) today, with the offer opening on November 06, 2024, and closing on November 08, 2024. The company has fixed the price band for the equity shares at ₹371 to ₹390 per share of a face value of ₹1. The IPO comprises a fresh issue of equity shares worth up to ₹44,990 million and an offer for sale of up to 175,087,863 shares by existing shareholders. The offer includes a reservation of up to 750,000 shares for eligible employees, amounting to 5% of the post-offer paid-up…

06 Nov

MG Windsor leads electric car market with record October sales

Business BureauBusiness

JSW MG Motor India achieved a milestone with the MG Windsor, recording India’s highest sales for an electric car in October 2024. With 3,116 units sold, the Windsor captured nearly 30% of the nation’s total passenger electric vehicle (EV) market, underscoring its appeal as India’s first Intelligent CUV. The company’s strong focus on sustainable transportation solutions has contributed to a notable 31% year-on-year sales growth. In total, JSW MG Motor sold 7,045 units in October, marking the highest monthly sales since the company's launch. Of these, 70% came from its New Energy Vehicles (NEVs) portfolio, highlighting growing customer preference for…

06 Nov

Bandhan Group acquires Genisys, ventures into global tech space

Business BureauBusiness

Bandhan Group, known for its financial services, has made a significant move into the technology sector with its acquisition of Genisys Group, a global IT and business process services company. This acquisition allows Bandhan Group to strengthen its global reach with new offices in the U.S., UK, and India, expanding its service portfolio to include digital transformation, data analytics, cloud services, and more, targeting various industries worldwide. Arvind Agrawal, Managing Director of Bandhan Financial Services, emphasized the strategic timing of the acquisition, noting the immense potential of IT-driven solutions to address modern business challenges, particularly in the BFSI sector. “The…

06 Nov

Raise your cup to wellness: Tata Tea launches Gold VitaCare with essential vitamins

Business BureauBusiness

Tata Tea has introduced a new product designed to enhance well-being—Tata Tea Gold VitaCare. This innovative tea blend promises a delicious way to boost health, as just two cups provide 30% of the daily recommended intake of four essential vitamins: D, B6, B9, and B12. Vitamin D supports normal bone maintenance, while Vitamin B6 aids in reducing tiredness and fatigue. Folic Acid, or Vitamin B9, is essential for normal blood formation, and Vitamin B12 contributes to energy-yielding metabolism. With these health benefits, Tata Tea Gold VitaCare offers consumers a practical solution to incorporate vital nutrients into their daily routines. Available…

05 Nov

JSW MG Motor India achieves record sales of 7,045 units in October 2024, driven by electric vehicle demand

Business BureauBusiness

JSW MG Motor India has announced remarkable sales figures for October 2024, reporting a total of 7,045 units sold, marking a significant year-over-year growth of 31% compared to October 2023. This surge underscores the growing consumer preference for electric vehicles (EVs), as New Energy Vehicles (NEVs) accounted for an impressive 70% of total sales, the highest among all passenger car manufacturers in India. A standout performer, the MG Windsor, the company’s first intelligent Crossover Utility Vehicle (CUV), debuted with 3,116 units sold in its inaugural month, securing its position as the top-selling passenger electric car for October 2024. This trend…

05 Nov

Tata Tea Agni leaf celebrates Chhath Puja with unique Sikki Kala Mahotsav

Business BureauBusiness

Tata Tea Agni, a leading tea brand in Bihar and Jharkhand, is honoring Chhath Puja this year by highlighting the ancient art of Sikki Grass Craft. The campaign, designed to resonate with regional pride and cultural heritage, includes the launch of a limited edition festive pack series inspired by this intricate craft. To kick off the Chhath Puja festivities, Tata Tea Agni Leaf hosted the 'Sikki Kala Mahotsav' at City Centre Mall on November 4th and 5th, showcasing a stunning life-sized installation made from Sikki grass. This installation, crafted by local artisans, features figurines representing the four key days of…

05 Nov

Tata Tea Gold VitaCare launches innovative campaign to combat Vitamin D deficiency

Business BureauBusiness

In a bid to tackle the alarming prevalence of vitamin D deficiency in India, Tata Tea Gold VitaCare has launched a groundbreaking print campaign featuring an acrylic mirror advertisement and an augmented reality (AR) face test. This initiative comes in conjunction with World Vitamin D Day and aims to raise awareness about vitamin deficiencies, particularly vitamin D, which affects approximately 70% of the population, according to a 2021 study published in the Journal of Nutritional Science. The campaign highlights the critical need for convenient wellness solutions, especially in urban areas where indoor lifestyles restrict sun exposure, hindering natural vitamin D…

05 Nov

Oil prices gain nearly 3% after OPEC+ delays production hike, focus on US election

editorBusiness, News

Nov 4 (Reuters) - Oil prices rose nearly 3% on Monday after OPEC+ decided to delay plans to raise output by a month, while investors also focused on the U.S. presidential election.Brent futures rose $1.98, or 2.7%, to $75.08 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.98, or 2.85%, to $71.47. Brent fell nearly 4% last week, while WTI fell nearly 3%.On Sunday, OPEC+ said it would extend its production cut of 2.2 million barrels per day (bpd) for another month in December, having already delayed an increase from October because of falling prices and weak demand.OPEC+, the…

04 Nov

Ashok Leyland shares decrease over 3% as sales drop in October

editorBusiness, News

Ashok Leyland shares fell over 3 per cent on November 4 after it reported a marginal decline in October sales.As of 11:10 am, the stock was trading 2 per cent lower at Rs 204. Though it has gained 10 per cent so far this year, in line with the performance of the Nifty 50, Ashok Leyland has posted monthly losses from August to October.The company reported total vehicle sales of 15,310 units in October 2024, a decline of 9 per cent as compared to 16,864 units in October 2023. Domestic sales declined 11 per cent to 14,067 units as compared…