Business - The Purbottar

22 Mar

Bandhan AMC launches Vedartha for onshore and offshore investors

Business BureauBusiness

Bandhan AMC has unveiled Vedartha, an alternate investment platform aimed at onshore and offshore investors. The platform will offer investment products under Alternative Investment Funds (AIF) and Portfolio Management Services (PMS), focusing on listed equities and fixed-income solutions. Vedartha’s equity-based products will be managed by Mrinal Singh, Head – Alternates (Listed Equities), while fixed-income products will be overseen by BhupendraMeel, Head – PMS & Alternative – Fixed Income. The initiative aligns with Bandhan AMC’s strategy of catering to niche investors with tailored wealth-creation solutions. Speaking about the launch, Vishal Kapoor, CEO of Bandhan AMC, stated, “Vedartha is built on the…

22 Mar

West Bengal’s Diptarko Bhattacharyya wins National Arithmetic Championship

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Diptarko Bhattacharyya, a Grade 7 student from Chinsurah, West Bengal, emerged victorious in the National Arithmetic Championship, a prestigious speed math contest organized by Bhanzu, a global math learning platform founded by Neelakantha Bhanu, the World’s Fastest Human Calculator. The competition witnessed participation from over 6,000 students across 750 cities in India. Out of 300 finalists, Diptarko stood out by solving more than 200 questions in the final round. Expressing his excitement, he said, “The competition was an amazing experience. Practicing on the Bhanzu Play App and doing brain exercises helped me improve my speed. This win has inspired me…

22 Mar

Smart Fasting: Experts offer diabetes management tips for Ramadan

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With Ramadan approaching, medical experts emphasize the importance of diabetes management while fasting. People with diabetes face the challenge of balancing blood sugar levels during the fasting hours between suhoor (pre-dawn meal) and iftar (post-sunset meal). Doctors recommend a well-planned diet, continuous glucose monitoring (CGM), and adequate hydration to ensure a safe fasting experience. Balancing blood sugar levels during fasting, from pre-dawn suhoor to post-sunset iftar, can be challenging due to potential fluctuations. Therefore, suhoorand iftar become essential meals of the day, providing energy and nourishment. For people with diabetes, careful meal planning during these times is important to manage…

22 Mar

Western Digital launches WD Blue® SN5000 NVMe™ SSD in India for content creators

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Western Digital has introduced the WD Blue® SN5000 NVMe™ SSD in India, targeting content creators and professionals who require high-speed storage for demanding workflows. The SSD offers improved performance, faster data transfers, and high-capacity options to enhance efficiency. The WD Blue® SN5000 NVMe™ SSD features PCIe® Gen4 speeds of up to 5,500MB/s, providing a 24% performance boost over its predecessor. It is designed for users handling multi-stream 4K video, high-resolution images, and audio processing. Available in capacities from 500GB to 4TB, the SSD is priced between ₹3,199 and ₹26,999 and can be purchased via Amazon India and IT retail stores.…

22 Mar

ICONiQ White achieves milestone with 50 lakh cases sold in 344 days

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ICONiQ White, a flagship brand of Allied Blenders and Distillers (ABD) Limited, has set a new benchmark in the Prestige & Above spirits segment by surpassing 50 lakh (5 million) cases in the financial year 2024-25. The brand achieved this milestone with three weeks still remaining in the fiscal year, solidifying its position as one of the fastest-growing brands in the industry. Since its national launch in September 2023, ICONiQ White has gained significant traction, driven by its contemporary product design and strong consumer demand. Sales skyrocketed from 3.2 lakh cases in FY22-23 to 22.7 lakh cases in FY23-24, earning…

22 Mar

IDBI Bank shares rise nearly 8% to nine-week high on privatisation hopes

editorBusiness, News

IDBI Bank shares rallied nearly 8 percent on March 21 with trading volumes double the 20-day average, pushing the stock to a nine-week high for the fifth consecutive session. According to DIPAM Secretary Arunish Chawla, the disinvestment process of IDBI Bank is still on and is expected to be finalised in the next three months. In an exclusive interview with Network18, Chawla informed that major hurdles, including data room issues, have been resolved and due diligence has been completed. The government and LIC together are in the process of selling 61% stake in IDBI Bank, with the Centre holding 30.48…

21 Mar

Parimatch hosts an exclusive meet-and-greet with cricket legend Sunil Narine

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Just ahead of the highly anticipated Indian T20 League season, Parimatch, the #1 global gaming platform, has hosted an exclusive meet-and-greet with cricket legend Sunil Narine. Held on March 19th, the event titled 'Stay at the Top of Your Game' was led by renowned sports anchor MC Russh, giving fans and media a unique opportunity to engage with one of the most exciting bowlers in world cricket. Hosted at the stunning rooftop venue of Scrapyard Brewing Co. with panoramic views of Kolkata, the session perfectly reflected Narine’s philosophy of always staying at the top of his game. The event kicked…

21 Mar

Zee Entertainment shares rise 6% as CLSA sees stock price doubling in 12-24 months

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Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 6% on March 20 after brokerage firm CLSA sees stock price doubling in the next 12-24 months. The foreign brokerage believes advertising revenue-led growth could lead to a rerating of the stock, as it suggested a target price of Rs 170. Zee's EBITDA margin has grown 9 per cent from the bottom and even assuming 6 per cent year-on-year (YoY) advertising growth, Zee could post 22-23 per cent year-on-year (YoY) growth in EBITDA and profit after tax in FY26-27, CNBC-TV18 reported CLSA. On March 20, Zee Entertainment shares were trading 6% higher…

20 Mar

Aluminium futures prices rise on fresh deals

editorBusiness, News

New Delhi, March 20: Aluminium prices on Thursday rose by 45 paise to Rs 262.10 per kg in the futures market due to fresh deals by speculators amid positive trend in the spot market. The price of aluminium contract for April delivery on the Multi Commodity Exchange rose by 45 paise or 0.17 per cent to Rs 262.10 per kg in a business of 1,375 lots. Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

20 Mar

Birla Fertility & IVF Howrah marks first anniversary, expands fertility care in eastern India

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Birla Fertility & IVF, one of India's leading fertility networks, has completed its first year of operations in Howrah, reinforcing its commitment to accessible and expert-led fertility care. The milestone was celebrated with families who began their parenthood journeys at the centre, sharing their experiences of resilience and success. The Howrah centre has emerged as a crucial fertility hub, serving not just the local population but also couples from Hooghly, Midnapore, and other parts of West Bengal. By providing specialised consultations, fertility assessments, and structured treatment plans, it has reduced the need for long-distance travel, making high-quality fertility care more…