Business - The Purbottar

14 Jul

L&T Finance posts record Q1 profit as loan book crosses ₹1.29 lakh crore

Business BureauBusiness

L&T Finance Ltd. (LTF) reported its highest-ever quarterly consolidated profit after tax (PAT) of ₹902 crore for the quarter ended June 30, 2026, marking a 29 per cent year-on-year (YoY) increase, driven by strong retail lending and sustained business growth. The non-banking financial company (NBFC) also recorded its highest-ever consolidated loan book of ₹1,29,634 crore, up 27 per cent YoY, while its retail book expanded 28 per cent to ₹1,27,535 crore. Retail disbursements during the quarter rose 36 per cent YoY to ₹23,852 crore. The company said it is accelerating technology deployment as part of its strategy to become an…

14 Jul

Flipkart’s food business surges as Gen Z and Bharat reshape consumption

Business BureauBusiness

Flipkart has reported a 50 per cent year-on-year growth in its food and nutrition category, driven by strong demand from Gen Z consumers and shoppers across Tier 2 and Tier 3 markets, signalling a structural shift in India's food retail landscape. The company said non-metro markets now contribute 65 per cent of category demand, while Flipkart Minutes accounts for 25 per cent, highlighting the rapid adoption of quick commerce. The growth was showcased at Flipkart Food Fest 3.0, which brought together more than 50 leading brands, over 1,000 creators, celebrity chefs and entertainers, alongside over 10 product launches. According to…

14 Jul

Flipkart reports 50% growth in food and nutrition category as Gen Z and Bharat fuel demand

Business BureauBusiness

Flipkart has reported a 50 per cent year-on-year growth in its food and nutrition category, driven by Gen Z consumers and shoppers from Tier 2 and Tier 3 markets, signalling a significant shift in India's food consumption patterns. The homegrown e-commerce marketplace said Flipkart Minutes accounted for 25 per cent of overall category demand, while non-metro markets contributed 65 per cent of total demand, reflecting rising adoption of healthier and premium food products beyond major cities. The company said Gen Z recorded 60 per cent annual growth, with products such as protein oats, protein peanut butter, gourmet chocolates and protein…

14 Jul

Comic book series puts life insurance into everyday stories for Indian families

Business BureauBusiness

A young insurance advisor named Supriya is at the heart of a new initiative that seeks to make life insurance easier to understand for millions of Indian families. In a move aligned with the vision of “Insurance for All”, Shri Ajay Seth, Chairman of the Insurance Regulatory and Development Authority of India (IRDAI), unveiled a Consumer Awareness Comic Book Series designed to simplify insurance concepts through relatable storytelling rather than technical jargon. Launched on the occasion of National Insurance Awareness Day, the comic series explains important concepts such as the Married Women’s Property (MWP) Act, Waiver of Premium (WoP) and…

13 Jul

WHISKAS launches Indian Fish Range inspired by Rohu and Catla

Business BureauBusiness, North East

WHISKAS®, a leading cat food brand in India, has launched its new Indian Fish Range, introducing what it describes as the country's first locally inspired cat food innovation featuring Rohu and Catla fish. The new range combines the brand's signature Crunchy Creamy Yummy Pockets™ with formulations developed to provide 100 per cent complete and balanced nutrition for cats. Conceptualised by 22feet, part of Omnicom Advertising India, the campaign features Bollywood actor and cat lover Mrunal Thakur, highlighting the shift from home-cooked feeding to scientifically formulated pet nutrition. The company said the product addresses a common feeding practice in Indian households,…

13 Jul

Operation SafedSagarto bring Indian Air Force’s Kargil story to Netflix on August 7

Business BureauBusiness

Netflix has announced that its upcoming military drama *Operation SafedSagar*, inspired by one of the Indian Air Force's most significant wartime operations during the 1999 Kargil War, will premiere globally on August 7. The series is based on the untold story of the Golden Arrows Squadron and highlights the courage, sacrifice and determination of IAF personnel during one of the world's highest air wars. Directed by Oni Sen and created by Abhijeet Singh Parmar and KushalSrivastava, the series features Siddharth, Jimmy Shergill, AbhayVerma, DiaMirza, PrajaktaKoli, AdilHussain, MihirAhuja, TaarukRaina, ArnavBhasin and Amrita Bagchi. Netflix India said the series is the platform's…

13 Jul

Renault ties up with IIT Kanpur to boost vehicle engineering in India

Business BureauBusiness

Renault India has entered into a strategic partnership with [Indian Institute of Technology Kanpur to strengthen its vehicle research and development capabilities in the country by leveraging the institute's advanced National Wind Tunnel Facility (NWTF).Under the collaboration, Renault India will use the state-of-the-art facility to carry out aerodynamic and wind-noise testing for its passenger vehicles, supporting the development of next-generation models with improved efficiency, safety and performance. The company said the initiative combines Renault's global engineering expertise with IIT Kanpur's advanced research infrastructure to enable more precise vehicle validation and product optimization. Dr. Vikraman V, Chief of Engineering, Renault Group…

13 Jul

TVS Motor, IndianOil partner to strengthen green LPG delivery network

Business BureauBusiness

TVS Motor Company and Indian Oil Corporation Limited (IndianOil) have entered into a strategic partnership to promote sustainable last-mile LPG cylinder distribution across India by deploying TVS King Kargo HD commercial vehicles through IndianOil's extensive distributor network. The Memorandum of Understanding (MoU) was signed in Coimbatore, marking the beginning of a long-term collaboration focused on cleaner and more efficient commercial mobility. Under the partnership, TVS Motor will work with IndianOil's network of more than 13,000 LPG distributors to facilitate the adoption of TVS King Kargo HD vehicles for doorstep cylinder deliveries. The initiative aims to reduce carbon emissions, improve operational…

13 Jul

Nuvoco expands western footprint with inauguration of Surat cement plant

Business BureauBusiness

Nuvoco Vistas Corp. Ltd. has inaugurated its Limla Cement Plant in Surat, marking the company's entry into Gujarat and strengthening its presence in Western India. The facility, comprising a 2 million tonnes per annum (MMTPA) grinding unit under its subsidiary Vadraj Cement Limited (VCL), forms part of VCL's total installed capacity of 6 MMTPA and represents a key milestone in Nuvoco's expansion strategy.The company acquired Vadraj Cement Limited in June 2025 through the Corporate Insolvency Resolution Process (CIRP) for ₹1,800 crore. VCL's assets include a clinker unit and captive limestone reserves at Kutch, a grinding unit at Limla, and a…

13 Jul

Oracle Financial Services Gains Strongly on Robust Earnings Outlook and Digital Shift

nanika EditorBusiness

Shares of Oracle Financial Services Software (OFSS) have witnessed a sharp rally, gaining 92 per cent from their 52-week low recorded in March 2026, driven by strong investor confidence in the company’s technology-led growth strategy and improving business outlook. The stock touched a fresh 52-week high of ₹11,945.65 on the BSE, marking its highest level since January 2025. Over the past three months, OFSS has significantly outperformed the broader market, rising nearly 65 per cent compared with a marginal gain in the BSE Sensex. The company, along with its subsidiaries, provides information technology solutions to the global financial services industry,…