Business - The Purbottar

22 Aug

ICICI Bank impacts 1.89 crore lives with expanded CSR and ESG initiatives in FY25

Business BureauBusiness

ICICI Bank has reported a significant expansion of its social and environmental initiatives, impacting 1.89 crore lives during FY24-25, according to its Environmental, Social, and Governance (ESG) Report. The Bank allocated ₹801 crore towards Corporate Social Responsibility (CSR) in FY25, marking a 54% increase from ₹519 crore in the previous year. Women’s empowerment remained a core focus, with 10 lakh women supported through Self-Help Groups (SHGs), raising the total beneficiaries to 1.1 crore. Skill development, agriculture, and micro-enterprise programmes benefitted over 91 lakh people, boosting rural livelihoods. In healthcare, ICICI Bank partnered with 550 hospitals to facilitate treatment for 4…

22 Aug

TVS launches King Kargo HD EV, sets new standards in cargo mobility

Business BureauBusiness

TVS Motor Company on Thursday launched the TVS King Kargo HD EV, a three-wheeler designed to meet the fast-changing demands of urban and semi-urban logistics. The company also unveiled the CNG variant, which is slated for launch before the end of 2025. The new electric cargo vehicle brings in several segment-first features, including LED head and tail lamps for enhanced visibility, a spacious cabin with rolling windows, stylish door trims for better ventilation, and a dedicated Power Gear Mode for superior torque under heavy loads. It is also India’s first Bluetooth-enabled cargo three-wheeler, powered by TVS SmartXonnect™ offering 26 smart…

22 Aug

Godrej Industries’ National Chemistry Day Summit pushes India toward global chemical leadership

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The Godrej Industries Group (GIG) hosted the second edition of the National Chemistry Day Summit, reaffirming its focus on innovation, sustainability, and competitiveness in India’s chemical sector. Organized jointly by Godrej Industries (Chemicals) and Astec Life Sciences, the summit brought together industry leaders, academics, and researchers to shape the future of Indian chemistry. Themed “Driving Innovation and Growth in India’s Chemical Industry”, discussions centered on research and development, digitalisation, and future-ready talent as core enablers for global success. Burjis Godrej, Executive Director of Godrej Agrovet and Managing Director of Astec Life Sciences, along with Nadir Godrej, Chairperson of GIG, underscored…

22 Aug

Ola Electric shares decrease 7% after two days of gains

editorBusiness, News

After two days of gains, Ola Electric shares fell 7% to hit a low of ₹49.50 per share amid profit booking. Market investors also got worried after the release of vehicle (VAHAN) data, which showed that Ola Electric had recorded 9,522 registrations as of August 20, while the figure for Arthur Energy was 10,248. Ola Electric shares rose 30.5% in two sessions as investors reposed faith in the positive sentiment of the company. Founder Bhavish Aggarwal shared plans for upcoming launches and growth strategy in the coming quarters. In an interview to Moneycontrol, Aggarwal said that the products with 4,680…

21 Aug

Jaishankar’s Moscow visit aims to rebalance trade, boost India-Russia ties

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External Affairs Minister Dr. S. Jaishankar’s visit to Russia has underscored India’s strategic push to diversify trade and reinforce its long-standing partnership with Moscow. Arriving on August 19, Jaishankar engaged with leading Russian scholars and think-tank representatives, exchanging perspectives on global geopolitics and bilateral cooperation. On August 20, he co-chaired the 26th session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC). Highlighting the surge in bilateral trade from USD 13 billion in 2021 to USD 68 billion in 2024–25, he cautioned against the nine-fold trade imbalance. He called for measurable targets, mid-term reviews, closer…

21 Aug

Crude oil futures upgrade on spot demand

editorBusiness, News

New Delhi: Crude oil prices rose by Rs 26 to Rs 5,502 per barrel in futures trade on Thursday as traders increased the size of their deals due to strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for September delivery rose by Rs 26, or 0.47 percent, to Rs 5,502 per barrel in a business turnover of 14,675 lots. Analysts said crude oil prices rose in futures trade as participants increased the size of their deals. Globally, West Texas Intermediate crude was trading 0.34 percent higher at $63.05 per barrel in New York, while…

21 Aug

A Gastroenterologist’s Guide to Preventing Food Poisoning

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Dr. Azhar Perwaiz, Director, Gastrosciences, Medanta – The Medicity The temperatures of India’s summer significantly increase the risk of food spoilage and foodborne illnesses. According to the World Health Organization (WHO), the "danger zone" for bacterial growth, between 4°C and 60°C, can be reached in under two hours on hot days. Recent reports of suspected hygiene compromise at popular eateries in parts of Assam and Meghalaya, underscore the reality of this seasonal food-safety challenge. To mitigate the risk of food poisoning, consider the following preventive measures: Prioritize Cleanliness: Wash hands thoroughly and frequently, especially after handling raw food or using…

21 Aug

Boeing celebrates 10th National AeromodellingCompetition, inspires next-gen aerospace talent

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Boeing [NYSE: BA] announced the winners of its 10th annual National Aeromodelling Competition, one of India’s largest programs nurturing aerospace talent. The competition saw participation from over 1,400 students representing 432 institutions nationwide, with women making up 24% of the finalists.A total of 46 finalists from 12 teams competed in the grand finale held in Bengaluru. Three teams emerged as winners: the first-place team from IIT Madras, while the second and third positions were secured by teams from IIT Kharagpur. All 46 finalists will also be eligible for Boeing’s year-long Apprenticeship program, designed to provide hands-on industry experience. “The Boeing…

20 Aug

Hyundai Motor shares rose over 13% in two days on hopes of GST rate cut, market capitalisation crosses ₹2 lakh crore

editorBusiness, News

Hyundai Motor shares were in the news today, gaining over 5% to hit a 52-week high of ₹2,549.50 per share on the NSE. Shares of Hyundai Motor India, India's second-largest passenger carmaker after Maruti Suzuki, gained for the second consecutive day. The government has proposed next-generation GST reforms, including rationalisation of GST rates by Diwali 2025. Experts believe that GST 2.0 reforms could reduce GST rates on automobiles from the current 28% to 18%, leading to lower prices and improved sales in the upcoming festive season. Hyundai Motor shares have surged over 13% in the last two trading sessions, while…

20 Aug

Godrej expands smart security range in Guwahati, targets 80% market share

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Godrej Enterprises Group’s Security Solutions division on Wednesday unveiled its latest range of tech-enabled premium home lockers in Guwahati, reaffirming its leadership in the growing security market of Assam and the Northeast. The company, which already holds a 75% share in the home locker segment and about 70% in the jewellery segment, now aims to expand its dominance to 80% over the next three years with 18% year-on-year growth. Pushkar Gokhale, Business Head of Security Solutions, said, “As Guwahati and the Northeast emerge among India’s fastest-growing markets, security is no longer just a safeguard but a lifestyle necessity. Our new…