Business - The Purbottar

06 Jan

Polymatech Electronics sets up second plant in Chhattisgarh to boost 5G and 6G technologies

Business BureauBusiness

Polymatech Electronics, a global leader in semiconductor manufacturing, has announced the establishment of its second plant in India, set to be located in Nava-Raipur, Chhattisgarh. This state-of-the-art facility will focus on the production of advanced semiconductor chips and base stations for 5G and 6G technologies, marking a significant step toward enhancing India’s capabilities in the global semiconductor and telecom sectors. The Chhattisgarh government has extended strong support to this venture, offering a 40% capital subsidy as part of its progressive industrial policy. Polymatech, in collaboration with Simply RF from the UK, will produce semiconductor chips using cutting-edge Gallium Nitride (GaN)…

06 Jan

Viraasat Handloom Expo set to showcase India’s rich textile heritage in Guwahati

Business BureauBusiness

The much-awaited "Viraasat Special Handloom Expo" will be held from January 8 to 14, 2025, at Mahavir Dharm Sthal, Fancy Bazar, Guwahati. Organized by the Development Commissioner (Handlooms) under the Ministry of Textiles, Govt. of India, the expo will display a stunning array of handloom creations from across India. The event will run daily from 11:00 AM to 8:00 PM, offering visitors a chance to explore unique textiles such as Banarasi, Jamdani, Muga, Ikkat, and many more. The expo aims to promote sustainable and ethical fashion through its #MyHandloomMyPride and #MyProductMyPride campaigns. Attendees will be treated to live weaving demonstrations,…

06 Jan

Indobell Insulations Limited announces Rs 1,014.30 lakhs IPO for expansion and growth

Business BureauBusiness

Indobell Insulations Limited, a leading manufacturer and contractor of specialized insulation products, has launched its Initial Public Offering (IPO) on the BSE SME platform. The company aims to raise ₹1,014.30 lakhs by issuing 22,05,000 equity shares priced at ₹46 each. The IPO will be open for subscription from January 6 to January 8, 2025. The proceeds from the IPO will be utilized for acquiring advanced machinery to enhance production capacity, meeting working capital requirements, and supporting general corporate purposes. The company, which specializes in Nodulated Wool, Ceramic Fibre Nodules, and Mineral Fibre Nodules, caters to various sectors, including power, commercial,…

06 Jan

Vi strengthens its annual recharge portfolio with SuperHero

Business BureauBusiness

Telecom giant Vodafone Idea (Vi) has introduced its latest offering, the SuperHero Annual Recharge Packs, providing users unlimited data access from 12 AM to 12 PM daily, paired with robust savings of up to 25% compared to monthly plans. The move caters to India’s surging demand for high-speed data and entertainment needs. Vi's SuperHero Packs come in three variants—₹3,599, ₹3,699, and ₹3,799—offering 2GB daily data for the remaining half of the day, weekend data rollover, and emergency data top-ups with its Data Delight feature. Additionally, premium plans include annual subscriptions to Disney+ Hotstar Mobile or Amazon Prime Lite, enhancing their…

06 Jan

India’s foreign exchange reserves continue to decline, down 10% from peak

editorBusiness, News

India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month lowIndia's foreign exchange reserves continue to decline, continuing a three-month long decline. In the week ended December 27, the country's foreign exchange reserves fell by $4.112 billion to $640.279 billion, data from the Reserve Bank of India (RBI) showed.India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month low.The reserves have been declining ever since they touched an all-time high of $704.89 billion in September. Effectively, it is now down by about 10 per cent from the peak.The…

04 Jan

World’s first fetal aortic valvuloplasty with device closure performed at Rainbow Children’s Heart Institute

Business BureauBusiness

The Rainbow Children’s Heart Institute has successfully performed the world’s first fetal aortic valvuloplasty with device closure on a 27-week-old fetus, diagnosed with critical aortic stenosis. This pioneering procedure, which combines advanced fetal cardiac intervention with a closure device, sets a new global standard in fetal cardiology. The procedure, led by Dr. Koneti Nageswara Rao, Chief Pediatric Cardiologist, and his team, involved using a balloon catheter to relieve the narrowing of the aortic valve, followed by the innovative use of a device to seal the puncture site. This groundbreaking step ensures the safety of the fetus during and after the…

04 Jan

IGL, MGL shares rose as government asks GAIL and ONGC to give 0.6 mmscmd gas to city gas firms

editorBusiness, News

Shares of Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL) jumped up to 2.5% on January 3 after the oil ministry asked GAIL and ONGC to give 0.6 mmscmd gas to city gas firms. The circular said gas from new wells and oil-associated gas will not be auctioned but will be allocated proportionately to companies based on volume. The move will reduce city gas distribution firms' dependence on gas from the spot market. IGL will get the highest allocation due to its higher market share. At 10:30 am on January 3, IGL shares were trading 2.5% higher at Rs 437…

03 Jan

Godrej Agrovet launches Pride Hog feed range to strengthen pig health and immunity

Business BureauBusiness

Godrej Agrovet Limited (Godrej Agrovet), a leading diversified agri-business company, has announced the launch of Godrej Pride Hog, a scientifically developed pig feed range designed to provide optimal nutrition at each stage of a pig’s lifecycle. The range includes Starter, Grower, and Finisher variants, ensuring balanced nutrition for better health, immunity, and growth. As part of the launch, Godrej Agrovet organized a roundtable discussion in Guwahati to address preventive measures against African Swine Fever (ASF) and best practices for pig farm management. The event saw participation from industry experts, including Dr. Purnananda Konwar, General Manager, Assam Livestock and Poultry Corporation…

03 Jan

HDFC Mutual Fund expands reach with 25 new branches across India

Business BureauBusiness

HDFC Mutual Fund has taken a significant step towards financial inclusion by inaugurating 25 new branches across various regions of India. This expansion is part of the company’s mission to make mutual fund investments accessible to more people, especially in underserved areas. The new branches, also referred to as Business Centres, are located in cities such as Bharatpur, Bhusaval, Varachha, Bopal, Wakad, Chittorgarh, and more. With the addition of these 25 branches, HDFC Mutual Fund now operates over 250 branches nationwide, strengthening its position as one of India’s most accessible wealth creators. The company’s efforts align with the Securities and…

03 Jan

Axis Mutual Fund expands reach with new branch in Kharagpur

Business BureauBusiness

Axis Mutual Fund, one of India's leading and fastest-growing fund houses, has opened a new branch in Kharagpur, West Bengal. The branch, located at Seikh Tower, Inda OT Road, Near Kharagpur College, was inaugurated by Mr. Santosh Singh, RRBH, East and South. This move highlights Axis Mutual Fund's commitment to empowering local investors with accessible and personalized financial solutions. The branch will offer a wide range of services, including KYC processing, application handling, and investment account management. Dedicated Relationship Managers will be available to guide investors through their financial journeys, ensuring tailored advice and support. The initiative also strengthens Axis…