Business - The Purbottar

09 Jan

Anil Agarwal to lead riverside studios, bridges global art & culture

Business BureauBusiness

In a groundbreaking move that promises to reshape the global art and cultural landscape, Anil Agarwal, Founder and Chairman of Vedanta Group, has taken charge of the iconic Riverside Studios in London. Renamed as the ‘Anil Agarwal Riverside Studios Trust,’ the 100-year-old studio, located on the north bank of the River Thames, is set to become a global hub for artistic expression. Over its rich history, the venue has hosted legends such as The Beatles, David Bowie, and David Hockney. “I believe art has the power to unite people and transcend boundaries,” said Agarwal, unveiling plans to turn Riverside Studios…

09 Jan

Natural Gas Futures jump on High Demand and Limited Supply

editorBusiness, News

Natural gas futures rose on Wednesday due to strong demand caused by weather in the United States. This increased demand coincides with limited supply due to some production freeze-offs. Despite prices dipping in the previous session, cold forecasts for the third week of January are causing a bullish rebound, according to a note from Eli Rubin of EBW Analytics. Rubin pointed out that the market is underestimating the scale of the significant national storage draws expected to take place in January. He added that the freeze-off period could be longer than initially thought. Below-average storage draws for the prior week…

08 Jan

Paytm shares have fallen over 7% after it posted no UPI market share upgrade in December, according to NPCI data

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Shares of One97 Communications, the parent company of payment aggregator Paytm, fell as much as 7.5 percent to Rs 907 per share on January 8 after a UBS report showed Paytm did not gain any UPI market share in December, according to NPCI data. Despite getting approval to add customers in October, Paytm's UPI market share has nearly halved, falling from 10 per cent at the start of 2024 to just 5.5 percent by the end of the year. Even during the October-November period, Paytm's market share remained stable at 5.5 percent. Paytm's monthly transacting users (MTUs) have also declined…

08 Jan

Every great achievement begins with a small step, start investing consistently

Business BureauBusiness

Every great achievement has begun with a small step. Before we learn to walk, we must stand and take that first step. Similarly, creating wealth requires starting small, investing consistently, and staying disciplined. While traditional investment options were once the norm, today’s financial landscape offers multiple choices. Among them prominently that stands out is Mutual Funds through Systematic Investment Plans (SIPs), a powerful and accessible way to build wealth. In a world where financial stability and wealth creation are paramount, achieving long-term financial goals can feel intimidating, especially when starting with limited resources. SIPs allow you to begin investing with…

08 Jan

Okaya EV proudly unveils its new brand identity OPG Mobility

Business BureauBusiness

In a strategic move to meet the growing demands of India’s electric mobility market, Okaya EV has proudly unveiled its new brand identity, OPG Mobility. This rebranding reflects the company’s unwavering commitment to cutting-edge design, future-ready technology, and durable, safe products that address the evolving needs of India’s dynamic consumer base. To cater to the increasing demand, OPG Mobility will also leverage a wide dealer network across the country. The brand will encompass two sub-brands: Ferrato, dedicated to premium electric motorcycles and scooters, and OTTOPG, focused on passenger and cargo three-wheelers. At the Bharat Mobility Global Expo 2025, OPG Mobility…

08 Jan

Vi announce a strategic partnership with Lionsgate Play

Business BureauBusiness

Vi, India’s leading telecom operator, has announced a strategic partnership with premium streaming service Lionsgate Play, unlocking an exclusive library of top-tier content. Featuring action blockbusters, iconic franchises, acclaimed films and series, global awards, exclusive premieres, and a range of dubbed content, Lionsgate Play promises an unmatched entertainment experience. This collaboration further expands Vi’s OTT portfolio, providing a premium, diverse library of Hollywood movies, original series, international titles and more at an affordable price. Vi Movies & TV is designed to cater to the diverse entertainment needs of consumers, via aggregation of the top OTTs through a single app and…

08 Jan

CoinSwitch launches Rs 600 crore initiative for crypto loss recovery

Business BureauBusiness

CoinSwitch, India’s leading crypto platform with over 2 crore users, has unveiled “CoinSwitch Cares,” a ₹600 crore recovery program aimed at aiding users impacted by the alleged WazirX cyberattack in July 2024. The initiative promises financial relief, rewards, and opportunities for affected users to re-enter the crypto market confidently. Ashish Singhal, Co-founder of CoinSwitch, emphasized the platform’s commitment to rebuilding the Indian crypto community. “We don’t want crypto investors in India to miss opportunities. This program is an important step to rebuild what was lost,” he said. The program offers assured signup rewards, revenue redistribution, and referral bonuses to help…

08 Jan

Bandhan Mutual Fund launches multi-factor Nifty Alpha Low Volatility 30 Index Fund

Business BureauBusiness

Bandhan Mutual Fund has launched the Bandhan Nifty Alpha Low Volatility 30 Index Fund, an innovative open-ended scheme combining Alpha and Low Volatility factors. The fund tracks the Nifty Alpha Low Volatility 30 Index, focusing on stocks that historically generate alpha while maintaining low volatility. The approach seeks to balance growth potential with stability, making it an appealing option for investors navigating uncertain markets. The New Fund Offer (NFO) opens on January 8, 2025, and closes on January 20, 2025. Investors can subscribe via licensed distributors, online platforms, or directly on the Bandhan Mutual Fund website. Speaking about the fund,…

08 Jan

NSDC partners with Axis My India to address skill gaps across India

Business BureauBusiness

In a strategic move to enhance skill development in India, the National Skill Development Corporation (NSDC) has partnered with Axis My India, a consumer intelligence firm, to leverage data-driven insights to identify and bridge skill gaps. This collaboration aims to improve skilling initiatives by mapping demand and supply across sectors and measuring the impact on beneficiaries, particularly in underserved regions. The partnership will utilize Axis My India's expertise in research and grassroots insights to ensure that skill development programs align with market needs. NSDC aims to enhance the effectiveness of training initiatives by evaluating their impact on employability, income generation,…

07 Jan

NTPC Green Energy shares upgrade on winning 1000 MW power project

editorBusiness, News

NTPC Green Energy share price rose over one per cent in early trade on January 6 after the company's subsidiary bagged a 1000 MW power project from Uttar Pradesh Power Corporation Limited (UPPCL). At 09:27 am, NTPC Green Energy was quoting at Rs 129.95, up Rs 1.60 or 1.25 percent on the BSE. The company's arm NTPC Renewable Energy (NTPC REL) bagged a 1000 MW capacity at an impressive rate of Rs 2.56/kWh, however, the Letter of Award (LoA) from UPPCL is awaited. The wholly-owned subsidiary has emerged as a successful bidder in the e-reverse auction conducted by UPPCL for…