Business - The Purbottar

23 Oct

Indian Private Sector Output Expands for 63rd Month as Cost Pressures Ease

nanika EditorBusiness

India’s private sector activity experienced a robust acceleration in October, expanding at its fastest pace in four months driven by a noticeable recovery in new business demand and stronger momentum across services output. According to the latest HSBC Flash India Composite Output Index, which measures combined activity across both the manufacturing and services sectors, the private sector output index climbed to 56.7 in October from 55.9 in September. This marked the strongest growth reading recorded since June, continuing an impressive streak where the overall composite index has stayed above the critical 50-point expansion threshold for 63 consecutive months. A breakdown…

22 Oct

Indian High Commissioner Assures Visa Simplification during Courtesy Meeting with IMCAB

Business CorrespondentBusiness, Featured

Indian High Commissioner Dinesh Trivedi gave assurance regarding the simplification of visa processing procedure in a courtesy meeting with Indian Media Correspondents' Association, Bangladesh (IMCAB). This courtesy visit took place today, 22 October, Thursday at 11:30 AM in the conference hall of the High Commission, Baridhara. A delegation of ten members attended this meeting headed by the president of IMCAB Shaheen Chowdhury and general secretary Masum Billah.As a result of the discussion raised in the meeting, High Commissioner informed that they are considering the difficulties of getting Indian visas with some special initiatives so that patients can easily get visas.…

17 Oct

Canara Robecotakes Nivesh Bus Yatra to Darbhanga to promote mutual fund awareness

Business BureauBusiness

Canara Robeco Asset Management Company Limited (AMC), investment manager to Canara Robeco Mutual Fund and India’s second-oldest mutual fund, has brought its ‘Nivesh Bus Yatra’ to Bihar to promote financial literacy and educate investors about mutual fund investments. The bus began its journey in Patna, travelled through Muzaffarpur and has now reached Darbhanga. It will subsequently visit Bhagalpur and Gaya, offering communities accessible information on investment concepts, long-term financial planning and common misconceptions about mutual funds through interactive sessions and digital resources. Rajnish Narula, managing director and chief executive officer of Canara Robeco AMC, said informed investors contribute to a…

17 Oct

Mahindra launches XUV 3XO ZNG CNG SUV at ₹9.99 lakh

Business BureauBusiness

Mahindra & Mahindra Ltd. on Thursday launched the XUV 3XO ZNG, its first mainstream CNG passenger vehicle, with prices starting at ₹9.99 lakh (ex-showroom). The new model combines turbocharged performance, fuel efficiency, advanced technology and safety features to strengthen the company's presence in the CNG SUV segment. Powered by a 1.2-litre mStallion turbocharged engine, the XUV 3XO ZNG delivers 82 kW of power and 200 Nm of torque in both CNG and petrol modes. The vehicle offers a certified fuel efficiency of 24.7 km/kg and accelerates from 0-60 km/h in 4.9 seconds in CNG mode. Its twin-cylinder CNG system is…

17 Oct

Vi brings families closer with prepaid plan that lets members share mobile data

Business BureauBusiness

Running out of mobile data during an online class, an important video call or while navigating an unfamiliar city can disrupt everyday life. Vodafone Idea (Vi) is seeking to address such situations with the launch of what it describes as India’s first prepaid family plan, allowing customers to share data with family members across the country. Available through the Vi app, the new proposition enables active Vi prepaid subscribers to create a family group of up to four members, including one primary member and three secondary members. Each member retains their individual prepaid plan and validity, while being able to…

16 Oct

Shyam Metalics launches ‘Shakti Ek, Roop Anek’ campaign for Durga Puja in Kolkata

Business BureauBusiness

Shyam Metalics has launched ‘Shakti Ek, Roop Anek’, a Durga Puja campaign celebrating hope, cultural heritage and community care through immersive installations and social initiatives across Kolkata. Rooted in the values of Shakti, Suraksha and Samvedana, the campaign focuses on three themes: Ummeed (hope), Yaadein (memories) and Sukoon (comfort and care). Its key attractions include the Wall of Shakti, featuring a Maa Durga structure crafted using SEL Tiger TMT Bars, where visitors can share wishes, with the company pledging to fulfil selected aspirations under its “Sapne Pure Honge” initiative. The Shakti Tunnel will showcase Bengal’s art and culture through interactive…

16 Oct

Bank of Baroda extends support to rehabilitation centre in Mizoram

Business BureauBusiness

Bank of Baroda has extended support to the Thutak Nunpuitu Team (TNT) Centre at Muanna Veng in Aizawl, Mizoram, by providing essential food supplies to meet the facility’s daily kitchen requirements. The assistance was extended during a visit by Lal Singh, Executive Director of Bank of Baroda, as part of the bank’s corporate social responsibility (CSR) initiatives aimed at supporting disadvantaged communities. The TNT Centre is a major rehabilitation facility in Mizoram that provides care and support to orphans, persons with disabilities and individuals with substance use disorders. The food supplies were received by R. Malsawmtluanga, General Secretary of TNT,…

16 Oct

MG SELECT delivers M9 limousine and Cyberster in Kolkata on Durga Puja

Business BureauBusiness

MG SELECT, the luxury brand channel of JSW MG Motor India, celebrated Durga Puja with the same-day delivery of the MG M9 Presidential Limousine and the MG Cyberster electric roadster at its Kolkata Experience Centre. The handovers highlighted the brand’s focus on premium design, advanced technology and personalised customer engagement. Milind Shah, Head of MG SELECT at JSW MG Motor India, said the two models catered to distinct luxury preferences, combining chauffeur-driven comfort with high-performance electric mobility. He added that their growing popularity in Kolkata reflected customers’ aspirations for sophistication, innovation and exclusivity. The MG Cyberster features a dual-motor all-wheel-drive…

16 Oct

TVS Raider adds segment-first traction control to 125cc motorcycle range

Business BureauBusiness

TVS Motor Company has introduced advanced safety features in the TVS Raider TFT DD and SXC DD variants, including a Traction Control System (TCS), which the company describes as a first in the 125cc motorcycle segment. Announced in Bengaluru on October 15, the upgrade also includes Emergency Brake Warning, a wider rear tyre and a 27W USB Type-C fast charger. The traction control system is designed to help riders maintain control when the rear wheel loses grip on wet roads, loose gravel and uneven surfaces. Emergency Brake Warning alerts vehicles behind when the rider brakes suddenly. The updated models retain…

16 Oct

Supreme Court Overturns Yes Bank AT1 Bond Write-off, Sparking Windfall for Investors

nanika EditorBusiness

Indian asset managers Kotak Mahindra Asset Management Co. and Nippon Life India Asset Management Ltd. have temporarily suspended fresh inflows into specific debt and retirement funds in response to a landmark Supreme Court ruling that overturned the permanent write-off of Yes Bank Ltd.’s Additional Tier 1 bonds from a 2020 government-backed rescue. The apex court's decision revived ₹8,415 crore worth of riskier debt instruments that had previously been marked down to zero, triggering expectations of a substantial market valuation increase and potential windfall profits for investors holding the instruments. Because these funds currently carry the impacted bonds at zero value,…