Business - The Purbottar

08 Jul

Total deposits increase 14.6% to ₹5.13 lakh crore in June quarter

editorBusiness, National

Following a stable performance in the June quarter business update, which showed consistent pace in both lending and deposit growth even as gains in low-cost deposits moderated, Kotak Mahindra Bank's shares increased by as much as 4% to Rs 2,238 on July 8. As of June 30, 2025, the private lender's loan book had grown to Rs 4.45 lakh crore, a 14% increase from Rs 3.90 lakh crore the previous year. Advances increased 4.2% sequentially from Rs 4.27 lakh crore at the end of March. Additionally, deposits kept growing at a steady rate. End-of-period deposits increased by 2.8 percent above…

08 Jul

Nothing launches first flagship phone and over-ear headphones in India

Business BureauBusiness

London-based tech company Nothing has launched its first true flagship smartphone, Nothing Phone (3), and debut over-ear audio device, Nothing Headphone (1), in India, marking a significant step in its product evolution. The Phone (3) offers cutting-edge features, including a 6.67-inch AMOLED display, Snapdragon® 8s Gen 4 chipset, and a triple pro-grade camera system capable of 4K video across all lenses. With a redesigned ergonomic body, the new Glyph Matrix, and AI-driven Nothing OS 3.5 based on Android 15, the device also promises longevity with 5 years of Android and 7 years of security updates. It is priced at ₹62,999…

08 Jul

Shah Rukh Khan to inaugurate South Asia’s first luxury integrated resort in Colombo on August 2

Business BureauBusiness

Bollywood icon Shah Rukh Khan is set to headline the grand opening of City of Dreams Sri Lanka on August 2, 2025, marking a major milestone in South Asia’s luxury and entertainment landscape. Developed through a strategic partnership between John Keells Holdings and Melco Resorts & Entertainment, the resort is the region’s first luxury integrated destination. Dubbed the most glamorous event of 2025, the by-invitation-only celebration will also unveil the resort’s signature campaign, “Let’s Go, Let Go,” ushering in a new era of indulgence in Sri Lanka. The 4.5-million-square-foot architectural marvel—designed by internationally acclaimed Cecil Balmond—boasts over 800 luxury rooms,…

07 Jul

Coriander futures prices upgrade due to high demand

editorBusiness, News

New Delhi, coriander prices rose by Rs 18 to Rs 7,254 per quintal in futures trading on Monday as speculators increased their deal size due to strong trend in the spot market. Coriander contract for August delivery on NCDEX rose by Rs 18 or 0.25 per cent to Rs 7,254 per quintal in which 9,310 lots were traded. Market analysts said coriander prices rose due to strong trend in the spot market and limited supply from producing areas.

07 Jul

Truflo by Hindware begins trial production at Rs 170-crore Roorkee plant

Business BureauBusiness

Truflo by Hindware, one of India’s fastest-growing plastic pipes and fittings brands, has inaugurated its new manufacturing facility in Roorkee, Uttarakhand, with trial production officially underway. Backed by an investment of approximately ₹170 crore, the plant boasts an initial annual capacity of 12,500 tonnes and marks the company’s third production unit. The plant was inaugurated by Somany Impresa Group Chairman Sandip Somany and Strategy Head Shashvat Somany. The Roorkee facility will manufacture a wide range of CPVC, UPVC, SWR, and PVC pipes and fittings, along with water storage tanks. The plant is expected to generate up to 200 direct and…

07 Jul

Northeast India’s trailblazers are honored by the Mirchi Excellence Award 2025, powered by Byatikram

Business BureauBusiness

A vibrant celebration of excellence and innovation unfolded at the Radisson Blu Hotel, Guwahati, during the Mirchi Excellence Award 2025, powered by the Byatikram Group in association with Versatilis Legal LLP as Legal Advocacy Partner, Radisson Blu as Hospitality Partner, Diageo as Celebration Partner, Prag News as Exclusive Electronics Media Partner, and The Sentinel as Print Media Partner. The event paid tribute to exceptional individuals from Northeast India, recognising their achievements across various sectors and highlighting the region’s remarkable talent, entrepreneurial spirit, and leadership. Commencing at 5 PM, the gala evening drew an eclectic gathering of distinguished guests, industry leaders,…

07 Jul

Acquisition to boost Capgemini’s U.S. market presence and AI consulting services

editorBusiness, National

The French IT services group Capgemini (CAPP.PA) announced on Monday that it has agreed to pay $3.3 billion in cash to acquire the technology outsourcing company WNS (WNS.N) in order to increase the variety of AI solutions it provides to businesses. Through the agreement, Capgemini will be able to develop a consulting business service that will assist businesses employ artificial intelligence—specifically, generative and agentic AI—to improve their operations and cost efficiency. The company anticipates that this service will draw large investments. According to Capgemini, the purchase price, which translates to $76.50 per WNS share, is 17% higher than their most…

07 Jul

Nissan expands CNG retrofitment for Magnite to 6 more states amid rising demand

Business BureauBusiness

Nissan Motor India has launched Phase 2 of its CNG retrofitment initiative for the New Nissan Magnite across six additional states—Rajasthan, Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, and Tamil Nadu—driven by rising customer demand for affordable and sustainable mobility. The retrofitment kit, developed by government-approved third-party vendor Motozen, is priced at ₹74,999 and comes with a 3-year or 1 lakh km warranty. It is compatible with the 1.0-litre naturally aspirated petrol engine (manual transmission) and is installed at government-authorised centres. The New Magnite retains its 336-litre boot space, one of the best in its class. Following the successful rollout in seven…

07 Jul

H&H Aluminium unveils India’s largest solar frame plant in Rajkot with Rs 150 cr investment

Business BureauBusiness

H&H Aluminium Pvt Ltd inaugurated India’s largest and most advanced aluminium solar panel frame manufacturing plant in Rajkot, Gujarat, on July 4. Union Jal Shakti Minister C. R. Patil led the inauguration at the state-of-the-art facility built with an investment of ₹150 crore. Spread over 28,000 sq. metres, the plant boasts a production capacity of 24,000 metric tonnes per annum—enough to support up to 6 GW of solar installations. With commercial operations set to begin within a month, the facility is expected to generate ₹700–750 crore in annual sales and provide employment to over 300 people. This development is a…

07 Jul

Aashirvaad brings devotees closer to Lord Jagannath with tech-powered ‘Bhakti Pathe’ at Puri Rath Yatra

Business BureauBusiness

Aashirvaad, India’s leading packaged atta brand, launched its unique spiritual initiative ‘Bhakti Pathe’ during the ongoing Puri Rath Yatra. The immersive experience, live from June 27 to July 5 near Bada Sankha More, offers devotees a high-tech yet heartfelt connection with Lord Jagannath through digital prasad-making and a holographic darshan of the deities. The activation features a “Prasad-Making Zone” where devotees virtually prepare offerings using Aashirvaad Shudh Chakki Atta. Once the ritual is completed, a large LED screen splits to reveal a stunning holographic vision of Lord Jagannath, Balabhadra, and Subhadra on their raths, enhancing the spiritual journey for thousands.…