Business - The Purbottar

26 Feb

udaan records 70% growth in daily buyers, strengthens Kirana Commerce in 2024

Business BureauBusiness

udaan, India’s largest e-business-to-business (eB2B) platform, has reported significant growth in 2024, with a 70% increase in daily buyers and a 65% surge in revenue run rate. The platform delivered over 2.45 billion units of products, weighing more than 7 lakh metric tonnes, reinforcing its leadership in kirana commerce. The FMCG category witnessed an 85% year-on-year (YoY) growth, driven by a 50% increase in product orders by retailers. Private label brands saw an exceptional 250% growth in revenue run rate, reflecting rising demand for high-quality, value-driven products. Additionally, udaan deployed electric vehicles (EVs) in Bengaluru for last-mile delivery, marking a…

26 Feb

Bandhan Mutual Fund launches CRISIL-IBX 10:90 Gilt + SDL Index – Dec 2029 Fund

Business BureauBusiness

Bandhan Mutual Fund has introduced the Bandhan CRISIL-IBX 10:90 Gilt + SDL Index – Dec 2029 Fund, an open-ended target maturity index fund designed to provide investors with a structured and sovereign-backed investment opportunity. The fund comprises 90% State Development Loans (SDLs) and 10% Government Securities (G-Secs), offering a balance of stability and optimized returns. The New Fund Offer (NFO) opens on February 25, 2025, and closes on March 5, 2025. Vishal Kapoor, CEO, Bandhan AMC, highlighted the importance of investing in high-quality fixed-income instruments amid evolving market conditions. “This fund provides investors with liquidity and reasonable return visibility if…

26 Feb

Tata Power signs a pivotal MoU at Advantage Assam 2.0

Business BureauBusiness

Tata Power has signed a significant Memorandum of Understanding (MoU) with the Assam Government to develop up to 5000 MW of renewable and clean energy projects, including solar, wind, hydro, and energy storage. The agreement, signed at Advantage Assam 2.0, entails an investment of ₹30,000 crore over the next five years. The MoU was formalized between Dr. Krishna Kumar Dwivedi, Principal Secretary (Power), Government of Assam, and Dr. Praveer Sinha, CEO & MD, Tata Power, in the presence of Assam Chief Minister Himanta BiswaSarma. The Assam Government will facilitate the identification of 20,000 acres of encumbrance-free land and ensure necessary…

25 Feb

Bharti Airtel shares upgrade 3% after 6-day decline on 5G partnership with Ericsson

editorBusiness, News

Bharti Airtel shares jumped nearly 3% on the NSE during intraday trade on February 25 to hit ₹1,649.15, snapping a six-day losing streak. The rally came after the telecom giant announced a partnership with Ericsson to deploy 5G core solutions that support its transition to a full-scale 5G standalone (SA) network over time.In an exchange filing, Airtel said, "This collaboration will enable Airtel to seamlessly transition to a commercially live, full-scale 5G standalone network, delivering high-end 5G capabilities to customers."The deal will see Ericsson deploy its signalling controller solutions as well as 5G standalone-enabled charging and policy solutions within Airtel's…

25 Feb

MS Dhoni teases hair secrets in new Garnier Black Naturals campaign

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In a playful new teaser, cricket legend MS Dhoni and his wife Sakshi share insights into his youthful look, all thanks to Garnier Black Naturals. The banter-filled clip reveals how Sakshi takes credit for Dhoni’s hair color while Dhoni keeps his “Trusted Secrets” close. During the teaser, Sakshi shares how a recent interviewer marveled at Dhoni’s youthful appearance at 43, claiming he still looks like he’s in his 30s. Dhoni humorously credited his hair and beard color, with Sakshi quickly adding that she’s responsible for the touch-ups. When asked what product he uses, Dhoni flashed his signature grin and kept…

25 Feb

Sajjan Jindal honored as ‘Business Leader of the Decade’ at AIMA Managing India Awards

Business BureauBusiness

JSW Group Chairman Sajjan Jindal has been conferred with the prestigious 'Business Leader of the Decade' award at the 15th AIMA Managing India Awards, recognizing his transformative leadership in expanding JSW Group into a global powerhouse. The award was presented to Jindal in a ceremony attended by Union Minister of Education Dharmendra Pradhan as the Chief Guest and Minister of State for Commerce and Industry Jitin Prasada as the Guest of Honour. Yezdi Nagporewalla, CEO of KPMG India, read the citation acknowledging Jindal’s contributions. Under his leadership, JSW Group has doubled its revenues to $24 billion and nearly tripled its…

25 Feb

DGT partners with Subros Ltd. to boost skilling in automotive air-conditioning manufacturing

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The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship (MSDE), has signed a Flexi-MoU with Subros Limited to enhance skilling in the automotive air-conditioning manufacturing sector. The agreement, signed in the presence of Minister of State (I/C) Jayant Chaudhary, aims to provide industry-aligned training and employment opportunities for Indian youth. Under the partnership, Subros Ltd. will act as the Industry Training Partner (ITP), identifying skill gaps, developing training curricula, and providing hands-on learning infrastructure, including classrooms and workshops. DGT will oversee candidate assessments and certification, while Subros will ensure placement for at least 50% of…

25 Feb

Tata AIA launches Multicap Momentum Quality Index Pension Fund for smarter retirement planning

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Tata AIA Life Insurance has introduced the Multicap Momentum Quality Index Pension Fund, a market-linked retirement solution designed to provide long-term capital growth with a disciplined investment strategy. The fund, available under Tata AIA’s Smart Pension Secure plan, focuses on momentum-driven, high-quality stocks selected from the Multicap Momentum Quality 50 Index. It offers exposure across large, mid, and small-cap stocks, ensuring diversification and stability while aiming for high risk-adjusted returns. The New Fund Offer (NFO) opens on February 21, 2025, and closes on February 28, 2025. Investors can access it through Tata AIA’s digital platforms, including Policybazaar, Tata Neu, and…

24 Feb

M&M shares inflation nearly 2% as Jefferies maintains ‘buy’ call, sees over 50% gain

editorBusiness, News

Shares of Mahindra & Mahindra surged in morning trade on February 24, recovering from a sharp 6 percent drop in the previous session to rise nearly 2 percent to Rs 2,712. The surge came after Jefferies reaffirmed its 'buy' rating, setting a target price that indicates significant upside from current levels. With a price target of Rs 4,075, the international brokerage estimates a staggering 52.6 percent upside potential from the last close of Rs 2,669 on the National Stock Exchange. M&M shares witnessed the biggest single-day fall in nearly 7 months during the previous session. Analysts at Jefferies view the…

24 Feb

Tata Power CEO & MD Dr. Praveer Sinha to Attend the Advantage Assam 2.0

Business BureauBusiness

Tata Power, a pioneer in India’s energy sector, is proud to announce the participation of its CEO & MD, Dr. Praveer Sinha, at the Advantage Assam 2.0, taking place from February 25–26, 2025, in Guwahati.Tata Power’s commitment to sustainability and innovation positions it as a leader in the industry, contributing significantly to the nation’s energy goals.