Business - The Purbottar

08 May

Tata Motors launches advanced vehicle scrapping facility in Kolkata to boost green mobility

Business BureauBusiness

Tata Motors, India’s leading commercial vehicle manufacturer, inaugurated its eighth Registered Vehicle Scrapping Facility (RVSF) in Kolkata today, marking a major step towards sustainable mobility. The state-of-the-art facility, named Re.Wi.Re – Recycle with Respect, can dismantle up to 21,000 end-of-life vehicles annually and will be operated by Selladale Synergies India Pvt. Ltd. The facility was inaugurated in the presence of West Bengal Transport Minister Snehasis Chakraborty, Urban Development Minister Firhad Hakim (virtually), and senior Tata Motors officials. The fully digitalised plant is equipped to safely scrap vehicles across all brands, including two-wheelers, three-wheelers, passenger, and commercial vehicles. Inaugurating the facility,…

08 May

Nissan India hits 99,000+ sales in FY25, powered by new magnite surge

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Nissan Motor India has clocked its highest consolidated annual sales in seven years, reporting over 99,000 units sold in FY 2024-25—a 35% year-on-year growth—driven by the strong performance of the New Nissan Magnite B-SUV in both domestic and international markets. Domestically, Nissan sold over 28,000 units, with the Magnite continuing to resonate with B-SUV customers despite rising competition from alternate fuel vehicles. The company's export business surged to a historic 71,000+ units, expanding its footprint from 20 to over 65 international markets under its "One Car, One World" strategy. Amid global restructuring, Nissan reaffirmed its commitment to India, offloading its…

08 May

Aviva Life Insurance named India’s Most Trusted Private Insurer for 7th straight year

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Aviva Life Insurance has been ranked as India’s Most Trusted Private Life Insurance Brand for the seventh consecutive year, according to the TRA Brand Trust Report 2025. The recognition underscores Aviva’s consistent reputation for reliability, driven by customer-centric services and a strong claims track record. In FY 2023-24, the company achieved a 100% claim settlement rate within 30 days, one of the best turnaround times in the industry. Aviva's portfolio includes term plans, guaranteed savings, investment solutions, and retirement plans. The company recently launched the Aviva Signature 3D Term Plan – Platinum, a pure risk cover product that also includes…

08 May

HDFC Flexi Cap Fund delivers Rs 1.84 cr from Rs 1 lakh investment, outshines benchmarks

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HDFC Flexi Cap Fund has delivered exceptional long-term returns, turning a ₹1 lakh investment at inception into approximately ₹1.84 crore as of March 31, 2025. Launched on January 1, 1995, the fund has posted a strong CAGR of 18.82%, significantly outperforming its benchmark, the NIFTY 500 TRI, by ₹1.51 crore over the period. A monthly SIP of ₹10,000 since inception, totaling ₹36.20 lakh, would now be worth an impressive ₹20.24 crore. The fund’s consistent performance through various market cycles has been driven by a disciplined investment philosophy, emphasizing quality companies, valuation prudence, and sectoral positioning. With a bottom-up stock selection…

07 May

Toyota Kirloskar Motor has announced the launch of the Exclusive Edition of the InnovaHyCross

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Toyota Kirloskar Motor (TKM) has strategically launched the Exclusive Edition of its InnovaHyCross in the ZX(O) grade, priced at Rs. 32,58,000/- ex-showroom. Available from May to July 2025, this limited-edition model features a dual-tone exterior in Super White and Pearl White, along with black accents on key exterior components. Interior upgrades include a dual-tone instrument panel, new seat materials, and added features like an air purifier and wireless charger, enhancing the overall driving experience. This launch comes at a time when the Indian automotive market is seeing a significant shift towards eco-friendly and feature-rich premium vehicles. The InnovaHyCross, with its…

07 May

Bank of Baroda’s fourth quarter profit rose 3% to Rs 5,048 crore

editorBusiness, News

New Delhi, State-owned Bank of Baroda (BoB) on Tuesday reported a marginal 3 percent rise in net profit to Rs 5,048 crore for the March quarter of FY2025.The bank had posted a net profit of Rs 4,886 crore in the same period a year ago.During the quarter, the bank's total income rose to Rs 35,852 crore from Rs 33,775 crore a year ago, BoB said in a regulatory filing.The bank's interest income rose to Rs 30,642 crore from Rs 29,583 crore in the fourth quarter of the previous fiscal.However, net interest income (NII) in the quarter declined to Rs 11,020…

06 May

CMF Phone 2 Pro sale starts May 5, priced From Rs 16,999

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CMF, the sub-brand of London-based tech giant Nothing, has announced the official sale of its much-awaited CMF Phone 2 Pro, starting May 5, 2025, at 12 noon. The phone will be available across major platforms like Flipkart, Flipkart Minutes, Vijay Sales, Croma, and leading retail stores nationwide. As a special launch offer, customers can get the CMF Phone 2 Pro for as low as ₹16,999, with attractive bank and exchange offers. Launched globally on April 28, 2025, the CMF Phone 2 Pro promises to be a game-changer with its best-in-segment three-camera system, including a 50 MP main camera with advanced…

06 May

Sacred Relics of Lord Buddha arrive in Vietnam, millions of devotees set to offer prayers

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The sacred relics of Lord Buddha have arrived in Vietnam, marking the beginning of a significant spiritual event in celebration of UN Vesak Day. The relics, originally enshrined in a vihara in Sarnath, Uttar Pradesh, were transported aboard a special Indian Air Force aircraft and will be on public display from May 2 to May 21, 2025. The grand arrival saw a warm reception, with Union Minister of Parliamentary Affairs and Minority Affairs, Shri Kiren Rijiju, leading the Indian delegation. Alongside him was Shri Kandula Durgesh, Minister for Tourism, Culture & Cinematography of Andhra Pradesh, and several other officials. Minister…

06 May

Azad Engineering share price gain 7.7% on ₹452 crore order from GE Vernova

editorBusiness, News

Shares of Azad Engineering jumped over 7% on Monday after it announced a major order from GE Vernova. The stock gained 7.7% on the NSE to close at ₹1,659 per share. Azad Engineering has signed a long-term supply agreement with GE Steam Power GmbH through its GE Vernova Power business based in Baden, Switzerland. The agreement is for the manufacture and supply of highly engineered and complex rotating and fixed airfoils for advanced nuclear, industrial and thermal power industries, meeting the global demand for GE Vernova in power generation and essential industries. This current phase of the contract, valued at…

05 May

Sattva Sukun Lifecare secures BSE nod for Rs 49.50 cr rights issue to fuel expansion plans

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Sattva Sukun Lifecare Limited, a manufacturer of premium aroma and home décor products, has received in-principle approval from the Bombay Stock Exchange (BSE) for its proposed rights issue worth ₹49.50 crore. The company plans to utilize the proceeds to bolster working capital, expand operations, and invest in both existing and potential subsidiaries. Managing Director Mit Brahmbhatt termed the BSE nod a "milestone" in the company’s growth strategy. “With strong demand for our premium aroma products and a 65% rise in revenue and 126% surge in net profit over the nine months ended December 2024, this rights issue will help scale…