Business - The Purbottar

23 May

Indriya launches gold exchange programme to promote responsible consumption

Business BureauBusiness

Indriya has launched its ‘Customer Owned Gold Exchange Programme’, allowing customers to exchange old gold jewellery for newly crafted pieces while promoting responsible gold consumption amid the ongoing nationwide slowdown in fresh gold purchases. Announcing the initiative on May 15, the jewellery brand said customers can exchange old gold of any purity and from any jeweller at 100 per cent value. The programme aims to encourage consumers to reuse existing gold instead of purchasing new gold, aligning with the broader push for mindful and sustainable consumption practices in the country. The company said the exchange process is designed to ensure…

22 May

Skoda bets on premium SUV demand with enhanced Kodiaq range

Business BureauBusiness

Škoda Auto India has refreshed its flagship Kodiaq luxury 4x4 SUV range for 2026 with new technology, enhanced premium features and a wider variant lineup aimed at different customer segments. Prices for the updated Kodiaq start at Rs 36.99 lakh (ex-showroom). The updated Kodiaq lineup now includes Lounge, Sportline and Selection L&K variants, each offering a distinct focus on accessibility, sportiness and premium luxury. The company has also introduced Advanced Driver Assistance Systems (ADAS) in the Sportline and Selection L&K variants. These include adaptive cruise control, lane assist, blind spot detection, rear traffic alert and front assist with automatic braking…

22 May

V-Guard wins national quality award for manufacturing excellence

Business BureauBusiness

Consumer electrical and electronics brand V-Guard Industries Limited has won the prestigious Performance Excellence Award at the IMC Ramkrishna Bajaj National Quality Award (IMC RBNQA) 2025, marking a major milestone for the company in its first year of participation. The recognition was awarded to V-Guard as a corporate manufacturing entity representing five manufacturing facilities located at Chavadi, Kashipur, Perundurai, Sikkim Unit 2, and Roorkee. The IMC RBNQA is considered one of India’s leading benchmarks for organisational excellence and is modelled on the Malcolm Baldrige framework of the United States. The evaluation process included a detailed performance review of V-Guard’s manufacturing…

22 May

Timely treatment and proper footwear can prevent chronic heel pain, say Medanta doctors

Business BureauBusiness

Doctors at Medanta – The Medicity have raised concern over the increasing number of plantar fasciitis cases, warning that ignoring recurring heel pain can lead to long-term mobility issues and chronic discomfort. The advisory comes after cases like that of Sukrita, a 42-year-old corporate professional, who suffered persistent heel pain for nearly six months before being diagnosed with plantar fasciitis. Doctors said the condition, which affects an estimated 4-7% of India’s population, is often overlooked in its early stages despite causing sharp heel pain, reduced mobility, and complications in the knees or hips if left untreated. Dr. Attique Vasdev, Vice…

22 May

Vi launches flexible International Roaming Plans to suit every travel this summer

Business BureauBusiness

Vi has launched a new range of flexible International Roaming (IR) plans for postpaid customers, introducing fresh 7-day, 14-day and 21-day validity packs aimed at offering greater convenience and flexibility for overseas travellers during the summer season. The telecom operator said the new offerings have been designed to cater to the growing and diverse travel needs of customers travelling abroad for business, education, medical tourism and leisure purposes. With the latest additions, Vi’s international roaming portfolio now includes 17 different IR packs with validity options ranging from one day to 30 days. According to the company, the plans cover more…

22 May

Japan Inflation Dips to 4-Year Low, But Impending Energy Shock Points to Sharp Rebound

anuprova EditorBusiness

Japan’s core consumer prices have dropped to a four-year low, intensifying concerns over stagnant economic growth but also setting the stage for a bumpy recovery. Official data showed core inflation, which strips out volatile fresh food prices, fell sharply as weak domestic demand and lingering pandemic-era subsidies pushed prices lower. The protracted period of deflationary pressure highlights the problems that the Bank of Japan still faces in achieving its elusive inflation goals on a sustainable basis. But economists warn this period of cooling is probably a temporary lull before an impending economic storm. A huge global energy shock is the…

22 May

Union minister reviews Hindustan Zinc’s tech-driven mining operations in Rajasthan

Business BureauBusiness

Hindustan Zinc Ltd has hosted Union Minister for Coal and Mines G. Kishan Reddy at its Rajpura Dariba Complex in Rajasthan, where the minister reviewed the company’s underground mining operations, integrated smelting facilities and community development initiatives. During the visit, the minister toured the Sindesar Khurd Mine, one of the world’s largest silver-producing underground mines, and the Dariba Smelting Complex. He reviewed tele-remote mining systems, safety infrastructure, paste filling technology and remote-operated equipment used by the company for underground operations. The minister also witnessed a live demonstration by India’s first women mine rescue team and interacted with workers, women mining…

21 May

Adani moves ahead with ₹5,700 crore Jaypee asset buyout under monitoring panel’s watch

anuprova EditorBusiness

The Adani Group's acquisition of key assets of Jaiprakash Associates has formally entered the implementation stage, with the constitution of a monitoring committee for the exercise. This oversight body will monitor a number of transaction agreements worth nearly ₹5,700 crore in total to ensure a smooth transfer of the operations and properties of the debt-laden firm to various Adani business entities. The monitoring panel, set up to supervise the insolvency resolution plan approved by the National Company Law Tribunal, formally cleared the signing of definitive asset-transfer agreements. With this authorised structure in place most of the asset buyout will be…

21 May

SBI Fuels India’s EV Ecosystem With ₹8,000 Crore Funding Line to JSW Motors

nanika EditorBusiness

Billionaire Sajjan Jindal’s automotive venture, JSW Motors, has secured a massive ₹8,000 crore ($826 million) funding line from the State Bank of India (SBI). This major financial backing ensures the company’s ambitious plans for its new energy vehicle business remain firmly on track. According to sources familiar with the matter, the credit facility from India’s largest lender carries a tenor of more than 10 years. A spokesperson for JSW Motors confirmed that the capital will partially fund a greenfield manufacturing facility in Maharashtra. To manage its exposure, SBI may later sell down parts of the loan to other lenders in…

20 May

ABD posts record FY26 profit, recommends 270% dividend

Business BureauBusiness

Allied Blenders and Distillers Limited (ABD) on May 14 reported its highest-ever annual EBITDA and profit after tax (PAT) for FY26, driven by strong premium portfolio growth, luxury expansion and improved operational efficiency. The company posted an EBITDA of ₹568 crore for FY26, registering a growth of 25.8 per cent compared to ₹451 crore in FY25. PAT rose 13 per cent to ₹220 crore, while income from operations increased 11.5 per cent to ₹3,949 crore. In the fourth quarter, ABD recorded its highest-ever quarterly EBITDA of ₹182 crore, up 21.2 per cent year-on-year. ABD Managing Director Alok Gupta said FY26…