Business - The Purbottar

01 Feb

Globe Textiles’ Rs. 4,504 lakh rights issue sees 14.69% subscription on Day 1

Business BureauBusiness

The Rs. 4,504 lakh Rights Issue of Globe Textiles (India) Ltd (NSE-GLOBE) saw a subscription of 14.69% on the first day of opening. The company, known for manufacturing garments, cotton printed fabrics, home textiles, and fancy fabrics, launched the Rights Issue on January 24, with the subscription window open until February 6.The shares in the Rights Issue are being offered at Rs. 3 per share, which is lower than the recent market price of Rs. 3.93 per share on January 23. On January 24, the closing price was Rs. 3.78 per share. Investors who do not currently hold Globe Textiles…

01 Feb

Digit Life launches “Digit Glow Term Life Insurance” for 56% self-employed Bengalis

Business BureauBusiness

Go Digit Life Insurance Limited (Digit Life), one of India’s fastest-growing new-age digital life insurer, announced it has launched its first individual pure term life insurance plan, “Digit Glow Term Life Insurance”, designed specifically for self-employed Indians. To enable seamless customer servicing and quick onboarding of agents, Digit Life Insurance has also opened offices in Park Street in Kolkatta and Sevoke Road in Siliguri. With an aim to increase financial inclusion among self-employed individuals in the country, Digit Life Insurance, through its in-house-built tech-enabled models, will use various unique data points and alternative credit parameters for better financial underwriting. As…

01 Feb

Honda Motorcycle and Scooter India conducts road safety awareness drive in Bahula

Business BureauBusiness

Honda Motorcycle and Scooter India (HMSI) conducted a road safety awareness campaign at Bahula S.S. High School, reaching over 1,300 students and staff members. The initiative aimed to instill responsible road habits among young individuals and contribute to reducing traffic-related incidents.The campaign featured interactive sessions, including theoretical safety riding lessons, danger prediction training, road safety quizzes, helmet awareness activities, and hands-on riding trainer exercises. These activities were designed to engage participants and leave a lasting impact on their approach to road safety. HMSI has been actively promoting road safety in West Bengal, educating nearly 3 lakh individuals to date. The…

01 Feb

Ola Electric Mobility shares jump 12%, back close to IPO price on new launches

editorBusiness, News

Shares of Ola Electric Mobility Ltd jumped as much as 12% on Friday, January 31, after the company launched new vehicles and announced more launches in the near future. With Friday's surge, the stock is back close to its IPO price of ₹76. As of Thursday's close, Ola Electric Mobility shares were down 57% from their post-listing peak of ₹157. The company today launched the Ola Electric Gen 3, with MD and CEO Bhavish Aggarwal saying the company has again become a leader in terms of EV two-wheeler market share. Aggarwal also said that while the competition got "a bit…

31 Jan

Symphony Ltd launches AI-powered geysers with hair fall control technology

Business BureauBusiness

Symphony Ltd has entered the water heating solutions market with the launch of its AI-powered Symphony Spa geysers, designed to combat hair fall and skin irritation caused by hard water. The company introduced a pioneering 9-layer PuroPod Technology that softens hard water by filtering out harmful chemicals and sediments.The new range includes three models—Symphony Spa, Symphony Sauna, and Symphony Soul—available in 10-litre, 15-litre, and 25-litre capacities. With a five-star rating, the geysers feature a heavy-duty heating element, Titanium Pro Coating for durability, and a Magnesium Rod for extended lifespan. The Symphony Spa model integrates SmartBath technology, making it India’s first…

31 Jan

NSDC, CoLLearn and Shikhar Dhawan’s DA One Sports launch cricket coach skilling initiative

Business BureauBusiness

The National Skill Development Corporation (NSDC), in collaboration with ed-tech platform CoLLearn and Shikhar Dhawan’s DA One Sports, has launched a specialized training program to upskill cricket coaches across India. The initiative aims to enhance coaching standards and equip aspiring mentors with modern training methodologies.The Cricket Coach Education Programme will be a joint effort where NSDC will facilitate awareness workshops and provide skill loans for eligible candidates. CoLLearn will organize classes and offer placement support, while DA One Sports will oversee student assessments and on-field training. NSDC CEO Ved Mani Tiwari emphasized the program’s role in raising coaching standards in…

31 Jan

GCPL expands leadership in pest control with new INR 99 HIT Anti-Roach Gel

Business BureauBusiness

Godrej Consumer Products Limited (GCPL) has launched a new INR 99 variant of its HIT Anti-Roach Gel, aiming to enhance accessibility and affordability in the household insecticide market. The move comes in response to the persistent cockroach infestations in 65% of urban Indian homes, despite 93% of households cleaning daily. HIT, a market leader in pest control solutions, has built on the success of its existing Anti-Roach Gel by introducing a smaller, cost-effective version that retains the effectiveness of its predecessor. The new product is designed to meet the rising demand for affordable pest control solutions while countering counterfeit products.…

31 Jan

H&M profit rises despite revenue drop

editorBusiness, News

The Swedish H&M group saw its group revenue decrease by 1% in the fourth quarter and the full year. Nevertheless, the company managed to increase its profit. After a challenging period, the fashion giant believes it is back on the right track. Slow but profitable year-end In the fourth quarter, H&M's net revenue fell slightly to 62.2 billion Swedish kronor (5.4 billion euros), despite a 4% increase in December. The late arrival of Black Friday meant that most of its revenue was recorded in December, unlike the previous year. Gross margin rose slightly to 54.6% from 53.7%, while gross profit…

30 Jan

Suzlon Energy shares jump 5% for second day; one analyst sees stock at ₹80

editorBusiness, News

Shares of wind energy solutions provider Suzlon Energy Ltd are hitting an upper circuit of 5% for the second consecutive day.With Thursday's surge, the stock has gained 10% in the last two trading sessions. The move has also taken the company's market capitalisation to over ₹75,590 crore.The two-day surge in Suzlon shares has pushed its Relative Strength Index (RSI) to 37 on the charts, which is close to 'oversold' levels. An RSI reading below 30 indicates that the stock is 'oversold'.Of the six analysts tracking Suzlon Energy, five now have a 'buy' rating on the stock and one has a…

30 Jan

Lenovo expands retail footprint with 25+ new stores across North and East India

Business BureauBusiness

Lenovo, a global leader in technology, has significantly bolstered its retail presence by inaugurating over 25 exclusive stores across North and East India. This expansion brings Lenovo’s total retail footprint to more than 480 exclusive stores nationwide, reinforcing its market leadership and commitment to accessible technology. The new stores, strategically located in regions like Uttar Pradesh, Rajasthan, Bihar, West Bengal, Madhya Pradesh, Jharkhand, and Haryana, aim to meet the rising demand for cutting-edge devices. With a strong focus on Tier-2 and Tier-3 cities, these outlets feature AI-enabled gaming, consumer, and commercial products, catering to diverse customer needs. Notably, a hybrid…