Business - The Purbottar

18 Oct

Tata Chemicals reports 46% year-on-year decrease in Q2 net profit

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On Thursday (October 17), Tata Chemicals Ltd announced a 46.1% year-on-year (YoY) decline in net profit to ₹267 crore for the second quarter ended September 30, 2024.According to regulatory filings, Tata Chemicals reported a net profit of ₹495 crore in the previous fiscal quarter. The company's revenue from operations remained stable at ₹3,999 crore compared to ₹3,998 crore in the previous fiscal year.EBITDA in the second quarter of this fiscal declined by 24.5% to ₹618 crore from ₹819 crore in the same period last year.In the reporting quarter, the EBITDA margin was 15.5%, lower than 20.5% in the same period…

18 Oct

Amazon.in reports 20% growth in West Bengal’s home, kitchen and outdoors segment amid festive season

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As the festive season approaches, Amazon.in has announced an impressive 20% year-on-year growth in its Home, Kitchen, and Outdoors business in West Bengal and Kolkata. This significant uptick highlights the region's rising demand for home essentials, with notable growth in home improvement products and large furniture. West Bengal has emerged as a vital market for Amazon, boasting over 62,000 sellers and three fulfillment centers in Kolkata alone. The state has seen a 30% increase in demand for home décor, with residents gravitating towards large furniture items such as storage beds and wardrobes. Kitchenware also performed well, with pots and pans…

18 Oct

Isuzu Motors India launches ISUZU D-MAX ambulance, sets new standards in emergency medical services

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Isuzu Motors India has launched the ISUZU D-MAX Ambulance, fully compliant with AIS-125 Type C specifications, aimed at revolutionizing patient transportation in the country. The new ambulance features 14 "Best-in-Class" capabilities designed to enhance reliability, safety, and comfort for healthcare providers and patients alike. Mr. Toru Kishimoto, Deputy Managing Director of Isuzu Motors India, highlighted the vehicle's potential to become a game changer in the Basic Life Support category. The D-MAX Ambulance is powered by a robust ISUZU RZ4E 1.9L 4-cylinder engine, providing exceptional power and torque for rapid response during critical moments.The ambulance's design ensures easy maneuverability in both…

18 Oct

Indian Navy partners with Bajaj Allianz Life for insurance cover to naval civilians

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The Indian Navy has entered into a strategic partnership with Bajaj Allianz Life Insurance to provide tailored life insurance solutions for its civilian personnel. The Memorandum of Understanding (MoU) was signed on 08 October 2024, marking a significant step towards enhancing financial security for naval civilians. Vice Admiral Sanjay Bhalla, Chief of Personnel, highlighted the importance of this collaboration, noting its alignment with the Indian Navy's 'Year of Naval Civilians' initiative. He commended the customized insurance plans offered by Bajaj Allianz Life, which promise affordable and comprehensive coverage. Tarun Chugh, MD & CEO of Bajaj Allianz Life Insurance, expressed pride…

18 Oct

Škoda Auto India launches Kylaq: A strategic leap into the compact SUV market

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Škoda Auto India has announced the upcoming launch of its all-new compact SUV, the Kylaq, set to premiere globally on November 6, 2024. This introduction marks a significant step in Škoda’s strategy to expand its footprint in India, particularly in the sub-4m SUV segment, which represents nearly 30% of the country’s car market. Designed with high localization, the Kylaq features modern aesthetics, advanced safety technology, and a 1.0 TSI engine, delivering impressive performance and efficiency. Piyush Arora, Managing Director and CEO of Škoda Auto Volkswagen India, stated, “Kylaq embodies our commitment to 'Make in India' while enhancing our portfolio.” The…

18 Oct

Tasva launches ‘BAARAAT’ collection with Ranbir Kapoor leading the fashion showcase

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Tasva, the prominent menswear brand under Aditya Birla Fashion Retail Ltd, showcased its exquisite Autumn/Winter 2024 Wedding Collection in a spectacular fashion show titled ‘BAARAAT by Tasva.’ Held on October 13, 2024, at the Travancore Palace in New Delhi, the event celebrated the vibrant essence of Indian weddings with Bollywood star Ranbir Kapoor headlining the grand finale. Inspired by the lively baaraat procession, the show focused on redefining the groom's attire, with Ranbir Kapoor epitomizing the Tasva man in a stunning Indian wedding ensemble. "Today’s grooms are more than just part of the ceremony; they are the heart of the…

17 Oct

Infosys Q2 results, dividend today: Profit may increase 10%; FY25 sales guidance may be revised

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Infosys Q2 Earnings: PhillipCapital expects Infosys net profit to rise 10.2 per cent to Rs 6,844.40 crore over the previous fiscal, while sales will grow 4.8 per cent to Rs 40,867 crore over the previous fiscal.Infosys Ltd may report a 10-15 per cent year-on-year growth in net profit in the September quarter on a 5 per cent rise in sales. In-Tech acquisitions will aid growth. Revenue in constant currency terms is expected to outperform Tier 1 peers on a sequential basis. The Salil Parekh-led IT major may also raise its revenue guidance for the fiscal year, even as it may…

17 Oct

Nagaland government partners with Tata AIA to enhance financial security through Universal Life Insurance

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Tata AIA Life Insurance (Tata AIA), one of India's leading life insurers, has been selected by the Government of Nagaland to implement the Chief Minister's Universal Life Insurance Scheme (CMULIS). Under this scheme, the primary earning member of the family will be provided with a life insurance cover of INR 2 lakh. This scheme aims to give families the financial support they need in the unfortunate event of the demise of the breadwinner. It is specifically aimed at helping the vulnerable sections of society, such as those working in unorganized sectors or are part of low-income groups. Commenting on this…

17 Oct

Vi launches innovative solutions at India Mobile Congress 2024

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On the opening day of the India Mobile Congress (IMC) 2024, leading telecom operator Vi has unveiled how it is using advanced technologies like 5G and IoT to reshape industries and enhance everyday experiences. This year’s IMC theme ‘The Future is Now’ resonates deeply with Vi’s emphasis to deliver immediate, technology-driven solutions that are solving today’s challenges and designed to make an immediate impact. Vi’s show themed 'Future is Live' highlights how it is transforming the way people and businesses live, work, and connect with advanced technologies. Small and medium enterprises play a vital role in India’s economic growth, however,…

17 Oct

With Eye Camps and Patient Transport Services SBI General Insurance Supports Rural Healthcare in Meghalaya

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SBI General Insurance, one of India’s leading general insurers, has undertaken a significant initiative to enhance access to eye care services in the rural areas of Meghalaya. As part of this initiative, SBI General Insurance has donated a patient transport bus and is supporting 28 community eye check-up camps across the state. This initiative aims to benefit approximately 2,000 patients, helping to bridge the gap in healthcare accessibility for residents in remote regions. To address this, SBI General Insurance has joined hands with Mission for Vision and its partner, Society for Promotion of Eye Care and Sight (SPECS), to launch…