Business - The Purbottar

12 Aug

Bandhan Mutual Fund launches contra fund to target undervalued opportunities

Business BureauBusiness

Bandhan Mutual Fund has announced the launch of the Bandhan Contra Fund, an open-ended equity scheme that follows a contrarian investment strategy aimed at identifying fundamentally strong companies that are temporarily out of favour due to market sentiment, sectoral challenges or macroeconomic uncertainties. The New Fund Offer (NFO) will open on August 10 and close on August 24, with investments available through mutual fund distributors, online platforms and the fund house's direct platform. The fund seeks to capitalise on businesses that have the potential for valuation re-rating as earnings improve and investor perception changes over time. According to the asset…

12 Aug

Redmi Note 17 launched with 8,000mAh battery, 120Hz AMOLED display at Rs 24,999

Business BureauBusiness

Xiaomi India on Tuesday launched the REDMI Note 17 5G, featuring the brand’s biggest-ever 8,000mAh silicon-carbon battery, a 120Hz TrueColour AMOLED display and Snapdragon 4 Gen 4 processor. The company said the smartphone is designed to deliver up to three days of typical usage while retaining a slim 8.4mm profile. The device supports 45W turbo charging, with the charger included in the box, along with 22.5W reverse wired charging. Its battery is rated to retain up to 80% health after 1,600 charging cycles. The 6.9-inch AMOLED display offers 100% DCI-P3 colour gamut, up to 1,800 nits peak brightness and a…

12 Aug

JSW MG Motor India marks Hector’s seventh anniversary with benefits up to Rs 60,000

Business BureauBusiness

JSW MG Motor India has announced a limited-period Anniversary Programme to mark seven years of the MG Hector in India, offering customers benefits of up to Rs 60,000 on eligible bookings made during August 2026. The programme includes exchange benefits, loyalty rewards, corporate benefits and anniversary discounts across the MG Hector range. The All-New MG Hector, launched earlier this year with refreshed styling, upgraded technology and enhanced comfort features, starts at Rs 11.99 lakh (ex-showroom). Customers can also avail 100% on-road price funding for tenures of up to 84 months, along with 100% funding support on accessories. VinayRaina, Chief Commercial…

11 Aug

SEBI Steps Cut Retail Losses as F&O Trading Rules Tighten

nanika EditorBusiness

Regulatory measures introduced by the Securities and Exchange Board of India (SEBI) helped reduce the aggregate net losses of retail investors in the equity derivatives segment to ₹91,685 crore in FY26, down from ₹1.12 trillion in the previous financial year, Parliament was informed on Tuesday. The government said SEBI has introduced several measures since November 2024 to strengthen the futures and options (F&O) market and address risks faced by retail investors. These measures have contributed to a decline in the number of retail participants, their overall losses and trading volumes in the equity derivatives segment. Key steps include rationalising weekly…

11 Aug

SBI posts highest-ever quarterly profit of ₹21,121 crore in Q1FY27

Business BureauBusiness

State Bank of India (SBI) on Friday reported its highest-ever quarterly net profit of ₹21,121 crore for the April-June quarter of FY27, registering a 10.23 per cent year-on-year growth, driven by higher operating profit, strong credit growth and lower credit costs. The country's largest lender also posted a 9.77 per cent rise in operating profit to ₹33,529 crore, while net interest income (NII) grew 14.88 per cent to ₹46,992 crore. The bank's total business crossed the ₹110 lakh crore milestone during the quarter, with deposits exceeding ₹60 lakh crore and advances crossing ₹50 lakh crore. Whole bank advances grew 18.63…

11 Aug

Turkish Airlines carries 9.5 million passengers in July, load factor reaches 86.5%

Business BureauBusiness

Turkish Airlines carried 9.5 million passengers in July 2026, recording a total load factor of 86.5%, as the airline continued to see growth in passenger and cargo traffic. According to the airline’s July traffic results, international load factor stood at 86.2%, while domestic load factor was 89.1%. Available seat kilometres (ASK) rose 2.7% year-on-year to 25.7 billion during the month, compared with 25 billion in July 2025. Cargo and mail volumes also increased 4.9% to 203.1 thousand tonnes. For the January-July 2026 period, Turkish Airlines carried 54 million passengers, up 5.4% from the corresponding period last year. Total load factor…

11 Aug

Kotak launches hybrid home loan with rate lock of up to 65 months

Business BureauBusiness

Kotak Mahindra Bank on Monday launched a Hybrid Home Loan that allows eligible borrowers to lock their home loan interest rate and EMI for 39, 52 or 65 months, offering protection against Repo Rate-linked increases during the selected fixed-rate period. The product is designed to give homebuyers greater visibility over household finances during the initial years of home ownership, when families may also be managing expenses related to interiors, education, savings and other commitments. After the fixed period, the loan will automatically shift to a floating-rate structure linked to the Repo Rate plus a predefined spread disclosed at the time…

11 Aug

Guwahati tax experts recognised for driving digital transformation among MSMEs

Business BureauBusiness

Tally Solutions has honoured 12 tax and accounting professionals from Guwahati for their contribution to accelerating technology adoption and improving accounting and compliance practices among micro, small and medium enterprises (MSMEs). The professionals were recognised at Tally’s ‘Tax and Accounting Titans’ event across three categories — Accounting Maestro, Emerging Star and Tech Innovator. The Accounting Maestro category recognised professionals with more than 15 years of experience serving MSMEs, while Emerging Star honoured GST practitioners with less than five years of practice. The Tech Innovator category recognised professionals using modern technology to improve service delivery and business efficiency. The awardees were…

10 Aug

Motorola Moto Pad 70 Launched With 2.5K 90Hz Display, 10,200mAh Battery and 68W Charging

sunny EditorBusiness

Motorola has added a new tablet to its Indian portfolio with the launch of the Moto Pad 70. The device comes with a large 12.1-inch 2.5K display, a 10,200mAh battery and a Moto Pen included in the retail box. It is powered by MediaTek's Dimensity 6400 processor and is available with up to 256GB of storage. The Moto Pad 70 is priced at Rs. 33,999 for the 8GB RAM and 128GB storage configuration. The higher 8GB + 256GB variant carries a price tag of Rs. 36,999. Sales will begin in India on August 15 through Flipkart and Motorola's India website.…

10 Aug

Mahua Moitra Accuses Adani Group of Misleading Stock Exchanges Over Alleged Airline Ambitions

anuprova EditorBusiness

Trinamool Congress MP Mahua Moitra has launched a fresh attack on the Adani Group, accusing the conglomerate of "lying brazenly" to regulatory stock exchanges regarding its plans to enter the aviation sector. Taking to social media, the lawmaker shared a purported letter dated June 4 from Adani Airports to the Airports Authority of India (AAI). In the document, the conglomerate requested a regulatory waiver from the 2006 airport privatization agreement to allow Adani Defence & Aerospace or its affiliates to directly or indirectly establish, acquire, own, or control a scheduled airline in India. The controversy arises from an alleged contradiction…