Business - The Purbottar

12 Aug

DSP Mutual Fund launches India’s first flexicap index fund, promotes quality and resilience

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DSP Mutual Fund has launched the DSP Nifty500 Flexicap Quality 30 Index Fund, India’s first low-cost flexicap strategy combining quality stocks with dynamic market cap allocation based on momentum triggers. Designed to mirror the innovative Nifty500 Flexicap Quality 30 Index, this fund aims to help investors confidently navigate fluctuating equity markets. The fund invests in 30 fundamentally strong companies — 10 each from large, mid, and small caps — selected for high return on equity, low debt, and robust earnings growth. Market momentum dictates quarterly allocation shifts between large caps and small & midcaps, optimizing returns while minimizing risk. Since…

12 Aug

Vi Business is committed to strengthening India’s energy landscape; ready to connect 12 million smart meters in next three years

Business BureauBusiness

Vi Business, the enterprise arm of Vodafone Idea Limited, has announced a bold initiative to connect 12 million smart meters across India over the next three years. This large-scale deployment places Vi Business at the heart of India’s digital energy transformation, aligning with the goals of the India Smart Grid Mission. The initiative will drive innovation in Advanced Metering Infrastructure (AMI) and IoT solutions, helping Distribution Companies (DISCOMs) reduce Aggregate Technical & Commercial (AT&C) losses and offer consumers real-time energy usage data. Central to this effort is Vi’s IoT Smart Central platform, enabling secure, scalable connectivity for millions of meters.…

12 Aug

SECI profit upgrade 15% to Rs 502 crore in FY25

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New Delhi, State-owned Solar Energy Corporation of India (SECI) on Monday reported a 15 percent rise in its net profit to Rs 501.92 crore in FY2024-25, mainly on the back of higher revenues. As per the audited standalone financial results for the year ending March 31, 2025, SECI has recorded revenue from operations of Rs 15,185.10 crore and profit after tax (PAT) of Rs 501.92 crore, the company statement said. In comparison, it reported that SECI's revenue from operations for FY2023-24 stood at Rs 13,035.07 crore and profit after tax at Rs 436.03 crore. Santosh Kumar Sarangi, Secretary, Ministry of…

11 Aug

DOMS Industries shares jump 12% on heavy trading

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Stationery products maker DOMS Industries shares rose 12.34% to hit a high of ₹2,570 on the BSE. On the National Stock Exchange, DOMS Industries shares rose 12.29% to hit a high of ₹2,569 on Friday due to heavier than usual trading after the announcement of its June quarter results. DOMS Industries reported a net profit of ₹59 crore in the first quarter of the current financial year (Q1FY26), up 9% from ₹54 crore in the corresponding period last year. Its revenue from operations rose 26% year-on-year to ₹562 crore in the April-June period from ₹445 crore in the same period…

11 Aug

Elanpro certifies 30 refrigeration technicians in Guwahati to strengthen cold chain sector

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Elanpro, in collaboration with non-profit Care U 365, has successfully concluded the first phase of its “Cool Skills, Bright Future” initiative in Guwahati, certifying 30 aspiring refrigeration technicians. The six-week skill development programme, held at Assam Engineering College, aimed to address the shortage of qualified service professionals in India’s fast-growing commercial refrigeration industry. The certification ceremony was attended by Assam Minister for Education, Welfare of Plain Tribe & Backward Classes Ranuj Pegu, Director of Technical Education Dhrubajyoti Bora, and AEI Chandmari Principal Dr. Hitesh Tahbildar. Trainees underwent a blend of classroom sessions, performance assessments, and hands-on experience with real-world refrigeration…

11 Aug

super.money takes off with ‘FLIGHTS’; bets big on Gen Z travel surge via UPI

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UPI-first platform super.money has launched ‘FLIGHTS’—a travel booking feature tailored for Gen Z users. Partnering with Cleartrip, the company now allows users to book domestic flights using UPI and earn an additional 5% reward on top of existing offers, making it one of the most rewarding flight-booking platforms in India. The launch reflects super.money’s ambition to transform UPI from a basic payment tool into a value-driven commerce experience. By removing the need for credit cards while maintaining benefits, the app directly caters to Gen Z’s preference for instant, debt-free, and digital transactions. According to Cleartrip, Gen Z travellers now lead…

11 Aug

Tata Tea Premium blends art and AI in Independence Day campaign ‘Desh Ka Garv – Pradesh Ki Kala’

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Tata Tea Premium, the flagship brand from Tata Consumer Products, has launched the 2025 edition of its much-awaited Independence Day campaign, ‘Desh Ka Garv – Pradesh Ki Kala’, celebrating India’s diverse regional art forms through hand-painted artisanal kettles. In collaboration with Kaushalam, a platform preserving Indian folk art, the brand has unveiled a limited-edition kettle collection inspired by iconic art styles like Warli, Gond, Madhubani, Sanjhi, Kalighat, Phulkari, and Pattachitra. Each kettle, a cultural artefact, features region-specific motifs—from Punjab’s vibrant dhols to Uttar Pradesh’s serene ghats—designed to preserve and promote India’s rich artistic traditions. The campaign also features a visually…

09 Aug

Kameng Kings launch jersey and logo, spotlight rising star TNR Mohit

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The Kameng Kings officially unveiled their jersey and logo in a vibrant ceremony ahead of their debut in the Techi Tagar Arunachal T20 Championship, scheduled from September 1 to 16 at the Mangaldai Cricket Ground. The event celebrated the region’s cricketing spirit and introduced TNR Mohit, the team’s rising spin sensation, whose impressive 19 wickets in the first-class season, including a remarkable 9-wicket debut against Sikkim, have made him a promising face of Arunachal cricket. Key dignitaries present included Nabam Vivek, MLA and Honorary Secretary of the Arunachal Cricket Association (ARCA), and Geda Kabak, ARCA Vice President, both pivotal in…

08 Aug

Medanta reports record Q1 FY26 results; eyes Guwahati expansion

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Global Health Limited (Medanta), one of the largest private multi-specialty tertiary care providers in North and East India, posted its highest-ever quarterly performance for Q1 FY26, with total income rising 19.1% year-on-year to ₹10,513 million. EBITDA grew 22.6% to ₹2,553 million, while Profit After Tax surged 49.6% to ₹1,590 million. The growth was driven by a 13.3% rise in occupied bed days, improved ARPOB of ₹66,584, and strong performances from both mature and developing hospitals. International patient revenue jumped 33.8% to ₹636 million. OPD pharmacy revenues also saw a 21.6% increase. CEO Pankaj Sahni credited the robust results to higher…

08 Aug

SBI’s first quarter profit upgrade 12% to Rs 19,160 crore

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New Delhi, The country's largest lender SBI on Friday reported that its standalone net profit rose 12 percent to Rs 19,160 crore in the first quarter of the current financial year. The bank had earned a net profit of Rs 17,035 crore in the same quarter of the previous fiscal. Total income in the June quarter of 2025-26 rose to Rs 1,35,342 crore from Rs 1,22,688 crore a year ago, State Bank of India said in a regulatory filing. Interest earned by the bank rose to Rs 1,17,996 crore from Rs 1,11,526 crore in the June quarter of FY 2025.…