Business - The Purbottar

10 Jul

Etihad to launch A321LR flights to Kolkata from September 26

Business BureauBusiness

Etihad Airways will upgrade its Kolkata-Abu Dhabi route to the state-of-the-art Airbus A321LR starting September 26, 2025, delivering a premium travel experience across all cabin classes. The airline announced that the new aircraft will feature luxury First Suites, fully lie-flat Business Class seats, and next-generation Economy seating with 4K touchscreens and high-speed WiFi. With the A321LR, Etihad brings wide-body comfort to a single-aisle aircraft, underscoring its strong commitment to the Indian market. “India is a key market for Etihad, and we are delighted to elevate our Kolkata service with our latest A321LR aircraft,” said Arik De, Chief Revenue and Commercial…

09 Jul

Union Bank of India shares downturn 6% as lender sees weakest loan growth in four quarters

editorBusiness, News

Shares of Union Bank of India fell nearly 6% to a low of ₹141.54 per share after the state-run bank shared its business updates for the April-June quarter of FY2025-26. The bank has witnessed the lowest loan growth in four quarters. The total global business of this public sector bank stood at ₹22.14 lakh crore, up 5.01% to ₹22.14 lakh crore from ₹22.08 lakh crore in Q1 FY2024. Sequentially, it has witnessed a decline of 1.80%. On the deposit front, the total global deposits of Union Bank grew 3.63% year-on-year to ₹12.39 lakh crore in Q1 FY2026. However, it declined…

09 Jul

OnePlus declares the launch of OnePlus Nord 5 Series

Business BureauBusiness

OnePlus is set to launch three new products—OnePlus Nord 5, OnePlus Nord CE5, and OnePlus Buds 4—on July 8, 2025, at 2 PM IST, continuing its push to deliver flagship-level performance at accessible prices. The devices will be available for purchase starting July 9 and July 12. The OnePlus Nord 5 debuts with the powerful Snapdragon 8s Gen 3 chipset and Cryo-Velocity VC cooling, promising peak mobile gaming with up to 144fps gameplay. It also features a dual 50MP Ultra-Clear camera setup with 4K video recording on both front and rear, mirroring high-end flagship performance. Meanwhile, the OnePlus Nord CE5…

09 Jul

Aviva Life Insurance bags ‘Product of the Year 2025’ in two key categories

Business BureauBusiness

Aviva Life Insurance has won the prestigious Product of the Year 2025 title in two significant categories—Life Insurance – Retirement Income and Life Insurance – ULIP. The recognition came following a nationwide consumer survey conducted by NielsenIQ for the 17th edition of Product of the Year India. The awarded products—Aviva Signature Increasing Income Plan and Aviva Signature Investment Plan—were voted as the most innovative in their segments. Asit Rath, CEO & MD, Aviva India, called the win a “powerful validation” of the company’s customer-centric product design. Raj Arora, CEO of Product of the Year India, highlighted that Aviva stood out…

09 Jul

HP launches affordable AI-powered OmniBook laptops in India

Business BureauBusiness

HP today announced the launch of its most affordable next-generation AI PCs in India, unveiling the HP OmniBook 5 and OmniBook 3 series. Aimed at students, professionals, and everyday users, the new laptops are packed with cutting-edge AI capabilities including a dedicated NPU capable of 45–50 trillion operations per second (TOPS), promising seamless responsiveness and efficiency. The HP OmniBook 5, powered by Qualcomm Snapdragon X Plus processors, boasts the world’s longest battery life in an ultra-slim design — up to 34 hours. Meanwhile, the OmniBook 3 series is equipped with AMD Ryzen AI 300 processors and offers robust AI-powered collaboration…

09 Jul

TAFE secures Massey Ferguson brand rights, buys back AGCO stake in major deal

Business BureauBusiness

Tractor giant TAFE has announced a comprehensive settlement with AGCO, resolving all outstanding issues related to brand ownership, commercial agreements, and equity holdings. As part of the agreement, TAFE will become the sole and exclusive owner of the "Massey Ferguson" brand in India, Nepal, and Bhutan. TAFE will also buy back AGCO’s 20.7% equity in the company for $260 million, making it a wholly owned subsidiary of the Amalgamations Group. While TAFE exits AGCO’s shareholding structure, it will retain a 16.3% stake and support AGCO's board decisions in shareholder meetings, subject to certain exemptions. All existing legal proceedings between the…

09 Jul

Sachin Tendulkar bats for authenticity in organic India’s new campaign

Business BureauBusiness

Organic India, a Tata Consumer Products brand, has launched its latest campaign titled ‘Sirf Naam Se Nahi, Kaam Se Organic’ with cricket icon Sachin Tendulkar, urging consumers to look beyond labels and demand proof of authenticity in organic products. As awareness of organic food grows, so does confusion around what qualifies as truly organic. The campaign aims to address this by educating consumers and highlighting Organic India’s stringent quality standards, which include over 600 tests on herbs, direct sourcing from 2,000+ farmers, and internationally recognized certifications. In the campaign film, Tendulkar appeals to viewers to verify the integrity behind organic…

08 Jul

Copper futures prices upgrade on increased spot demand

editorBusiness, News

New Delhi, Copper futures prices rose 0.42 percent to Rs 893 per kg on Tuesday due to increased spot demand. The price of copper contracts for July delivery on the Multi Commodity Exchange rose by Rs 3.70 or 0.42 percent to Rs 893 per kg in a business turnover of 7,957 lots. Analysts attributed the rise in copper prices to higher bets by participants.

08 Jul

East India’s Gen Z tops nation in retirement planning with life insurance: Tata AIA study

Business BureauBusiness

A new study by Tata AIA Life Insurance reveals that Generation Z in East India is leading the country in retirement-focused financial planning, with 63% of working individuals aged 21–29 considering life insurance as a key retirement tool—the highest nationwide. The study, titled ‘New Age Habits, Traditional Values’, was conducted in partnership with NielsenIQ. The survey highlights a well-rounded investment approach among East India’s youth, blending traditional choices like gold (47%) and fixed deposits (54%) with growing participation in equities (43%). While only 11% currently hold term insurance, a promising 44% intend to buy it soon, indicating strong growth potential.…

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…