Business - The Purbottar

12 Jun

Skill India completes 12 years, expands skilling ecosystem across the country

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) on Thursday marked twelve years of Skills, Scale and Transformation, highlighting the growth of one of the world's largest skilling ecosystems and its contribution to India's vision of Viksit Bharat 2047. The ministry said it has built a comprehensive framework integrating vocational education, industry-led training, apprenticeships, entrepreneurship development, digital skilling and international workforce mobility. Over the past decade, the number of Industrial Training Institutes (ITIs) has increased from 9,776 in 2014 to more than 13,888 across the country. More than 56.08 lakh apprentices have been engaged since 2016, while over 1.64 crore…

12 Jun

TVS Motor chairman congratulates PM Modi on milestone tenure

Business BureauBusiness

Chairman of TVS Motor Company, Sudarshan Venu, has congratulated Prime Minister Narendra Modi on becoming the longest-serving Prime Minister in India's history, describing his tenure as a period of transformative change and long-term national development. In a statement ,Venu said the past 12 years under Modi's leadership had marked a "paradigm shift" for the country. He said the period witnessed rapid economic growth, inclusive development, social upliftment and the implementation of long-term reforms across sectors. Venu noted that the government had focused on strengthening India's self-reliance and creating a foundation for sustained progress. He praised the Prime Minister's leadership, describing…

12 Jun

Government Halts Bulk Industrial Fuel Procurement at Retail Pumps

anuprova EditorBusiness

The Union Government has officially barred industrial, commercial, and institutional users from purchasing petrol and diesel at retail fuel stations. Issued by the Ministry of Petroleum and Natural Gas under a temporary 90-day regulation order, this policy forces heavy commercial buyers to source their requirements strictly through designated bulk supply channels. Additionally, the directive clamps down on retail diesel sales by capping purchases at 200 litres per customer or vehicle per day, mandating that the fuel can only be dispensed directly into vehicle tanks or specialized, government-approved containers with a strict ban on resale. This decisive regulatory intervention was triggered…

12 Jun

India sends 14 skilled workers to Mauritius under mobility partnership

Business BureauBusiness

The Government of India on Wednesday sent a fresh batch of 14 skilled workers to Mauritius under the India-Mauritius Government-to-Government (G2G) Labour Mobility Framework, marking another step in expanding overseas employment opportunities for Indian youth through a structured and transparent mechanism. The workers were flagged off by Shri Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education. The departure follows the successful placement of the first batch of Indian workers already employed in Mauritius under the programme. Officials said another 33 candidates are currently undergoing work permit and documentation procedures. Addressing…

11 Jun

Rapido joins hands with MoRTH to promote Rahveer Scheme, sets Guinness World Record

Business BureauBusiness

Rapido has partnered with the Ministry of Road Transport and Highways (MoRTH) to boost nationwide awareness and citizen participation in the Government of India's Rahveer Scheme, an initiative aimed at encouraging timely assistance to road accident victims during the critical Golden Hour.The collaboration was announced in the presence of Union Minister for Road Transport and Highways Nitin Gadkari, senior ministry officials and Rapido Co-founder AravindSanka. As part of the initiative, more than four lakh Rapido Captains and consumers from across the country took the Rahveer Pledge through the Rapido platform, creating a Guinness World Record. The move is aimed at…

11 Jun

Axis Max Life declares Rs 2,530 crore bonus for over 21 lakh policyholders

Business BureauBusiness

Axis Max Life Insurance Ltd., formerly known as Max Life Insurance Company Ltd., has announced a participating (PAR) bonus of ₹2,530 crore for eligible policyholders for the financial year 2025-26, marking its 24th consecutive annual bonus declaration. The insurer said the bonus will benefit more than 21 lakh eligible participating policyholders and will begin to be distributed from July 2026. With this latest declaration, the company’s cumulative bonus payout over the past 24 years has reached ₹18,377 crore. According to the company, the size of its PAR Fund increased from ₹74,119 crore in FY25 to ₹79,003 crore in FY26. The…

11 Jun

Tata Consultancy Services Partners with Anthropic to Drive Scale and Enterprise AI Adoption

nanika EditorBusiness

Tata Consultancy Services (TCS) has announced a major global strategic partnership with Anthropic, the advanced artificial intelligence firm behind the Claude AI model family. This collaboration aims to accelerate enterprise-scale AI adoption worldwide. As part of the agreement, the IT services giant will establish a dedicated business unit to deliver joint industry solutions, granting TCS early access to Anthropic’s cutting-edge Claude models. To drive internal operational transformation, TCS will equip 50,000 of its employees across engineering, finance, legal, marketing, and sales departments with enterprise-wide Claude licenses. TCS Chief Executive Officer K. Krithivasan stated that combining Claude with the company’s deep…

11 Jun

AM/NS India, IIT Roorkeejoin hands to boost manufacturing research and talent development

Business BureauBusiness

ArcelorMittal Nippon Steel India (AM/NS India) and the Indian Institute of Technology Roorkee (IIT Roorkee) have signed a strategic Memorandum of Understanding (MoU) to collaborate in the areas of education, research, innovation and industry engagement aimed at strengthening India’s manufacturing and steel sectors. The partnership combines AM/NS India’s industrial expertise and global manufacturing footprint with IIT Roorkee’s academic and research capabilities to create opportunities in talent development, applied research, technology innovation and industrial competitiveness. Under the agreement, the two institutions will explore joint development of academic programmes, executive education, professional development courses and workforce transformation initiatives. They will also collaborate…

11 Jun

TRAI drive test flags network gaps on Assam highway stretch

Business BureauBusiness

The Telecom Regulatory Authority of India (TRAI) has released the findings of an Independent Drive Test (IDT) conducted along the Lanka–Narainpur Railway Bridge stretch of NH-27 and NH-627 in Assam, assessing the quality of mobile network services offered by telecom operators in the region.The drive test, conducted between March 10 and March 18, 2026, covered nearly 190 km of highway routes and seven hotspot locations under the Assam Licensed Service Area (LSA). The exercise evaluated key Quality of Service (QoS) parameters, including coverage, call drop rates, call setup success rates, speech quality, and mobile data speeds across 2G, 3G, 4G…

11 Jun

Yezdi and BSA launch new scramblers in Kolkata

Business BureauBusiness

Motorcycle brands Yezdi and BSA have launched their latest scrambler motorcycles in Kolkata, expanding their product portfolio for riders seeking versatile machines suited for city roads, highways and off-road trails. The new Yezdi Scrambler 350 and BSA Scrambler 650 are now available at authorised dealerships across the city. The Yezdi Scrambler 350, billed as India’s lightest 350cc scrambler, is powered by the new liquid-cooled Katar engine. Designed for both daily commuting and weekend adventures, the motorcycle offers a strong torque-to-weight ratio and responsive performance. It is available at an introductory starting price of Rs 1,99,950. The BSA Scrambler 650 is…