Business - The Purbottar

30 Jan

Shakti pumps achieves stellar financial performance in Q3 FY25

Business BureauBusiness

Shakti Pumps (India) Limited (SPIL) has reported exceptional growth in its financial results for the third quarter and nine months ending December 31, 2024. The company’s revenue from operations surged by 30.9% year-on-year (YoY) to reach Rs. 6,488 million in Q3FY25, compared to Rs. 4,956 million in Q3FY24. This robust growth is attributed to the company’s increased order execution and operational efficiencies. The profit after tax (PAT) for the quarter saw a remarkable increase of 130.2%, reaching Rs. 1,040 million, up from Rs. 452 million in the same period last year. The company’s EBITDA also grew significantly by 117.6% YoY…

30 Jan

Blenders Pride Fashion Tour 2025 redefines fashion with purpose and social impact

Business BureauBusiness

Blenders Pride Fashion Tour 2025 promises an extraordinary celebration of fashion, music, and entertainment, marking its most iconic edition yet. Partnering with the Fashion Design Council of India (FDCI), the tour will spotlight India’s top designers and style icons across Gurugram, Mumbai, Chandigarh, Guwahati, and Vizag. The tour kicks off in Gurugram with Rohit Bal’s grand showcase featuring over 70 luminaries. In Mumbai, Tarun Tahiliani will redefine contemporary fashion. Chandigarh will see Kanika Goyal collaborate with Jacqueline Fernandez, while Guwahati highlights Jaywalking with Tiger Shroff, and Vizag features Bloni by Akshit Bansal with Tamannaah Bhatia. Kartik Mohindra of Pernod Ricard…

30 Jan

NEHHDC’s Jewellery Incubator to boost Northeast’s artisan economy

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The North Eastern Handicrafts and Handloom Development Corporation (NEHHDC) has inaugurated a Jewellery and Handicrafts Livelihood Business Incubator (LBI) at its Bamunimaidan premises, aiming to modernize the region’s artisan economy. Developed under the ASPIRE Scheme of the Ministry of Micro, Small & Medium Enterprises (MoMSME), the incubator will provide infrastructure, skilling, and market linkages to artisans, aligning with the Make in India and Skill India initiatives. The Indian Institute of Entrepreneurship (IIE) serves as the mentor institute. The jewellery and gemstone sector contributes significantly to India’s GDP (7%) and merchandise exports (15%), making strategic investments like the LBI essential for…

29 Jan

Parimatch hosts exclusive online meet-and-greet with Sunrisers Eastern Cape stars

Business BureauBusiness

Parimatch, a global online gaming platform, recently hosted an exclusive online meet-and-greet featuring Sunrisers Eastern Cape cricketers Marco Jansen, Tristan Stubbs, and Aiden Markram. The event, held amid the ongoing SA20 cricket season, offered fans a rare opportunity to interact with their favorite players. During the session, the players shared insights into their training, strategies, and experiences in franchise cricket. Sunrisers Eastern Cape captain Aiden Markram emphasized the importance of mental resilience and a balanced team atmosphere, while Marco Jansen highlighted how franchise cricket has shaped his career. Tristan Stubbs spoke about managing pressure and staying mentally fresh. The event…

29 Jan

Isuzu Motors India expands network with four new touchpoints across India

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Isuzu Motors India inaugurated four new touchpoints, expanding its network to 72 locations across the country. The new additions include 3S (Sales, Service, and Spares) dealerships in Indore, Madhya Pradesh, and Patna, Bihar, alongside Authorized Service Centers (ASCs) in Khammam, Telangana, and Ratnagiri, Maharashtra. The new dealerships, Sagar ISUZU in Indore and Imperial ISUZU in Patna, mark the brand's entry into Bihar, a key market for its growing portfolio. The ASCs in Khammam and Ratnagiri, operated by Beyond Auto Care and Shrine ISUZU respectively, promise to deliver top-notch service in alignment with ISUZU’s global standards.Commenting on the expansion, Mr. Rajesh…

29 Jan

DGT partners with BITS Pilani to foster entrepreneurship through incubation programs

Business BureauBusiness

The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship (MSDE), has signed a Memorandum of Understanding (MoU) with the Pilani Innovation & Entrepreneurship Development Society (PIEDS) of BITS Pilani to boost entrepreneurship and skilling among students of National Skill Training Institutes (NSTIs). The collaboration focuses on fostering innovation, creating start-up opportunities, and aligning skill training with industry needs. The partnership introduces two key programs: the Innovation Challenge and the Open Incubation Program. The Innovation Challenge targets NSTI trainees and alumni, with special provisions for women to bridge the gender gap in innovation. The Open Incubation…

29 Jan

Godrej Agrovet launches ArgoRid to combat fish lice in aquaculture

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Godrej Agrovet Limited (Godrej Agrovet), in collaboration with the Indian Council of Agricultural Research (ICAR) – Central Institute of Fisheries Education (CIFE), has unveiled ArgoRid, an innovative fish lice controller. Designed to address Argulus infections, which impact 48% of Indian aquaculture ponds and result in annual losses of USD 62.5 million, ArgoRid promises a farmer-friendly, easy-to-use solution that enhances fish health and productivity. Balram Singh Yadav, Managing Director of Godrej Agrovet, emphasized the product's role in empowering fish farmers. “ArgoRid is a reliable, research-driven solution to one of the aquaculture industry’s biggest challenges. This public-private partnership with ICAR-CIFE will strengthen…

29 Jan

India honors 100 entrepreneurs on 76th Republic Day, highlights skilled workforce and innovation

Business BureauBusiness

On the 76th Republic Day, Jayant Chaudhary, Minister of State for Skill Development and Entrepreneurship, honored 100 distinguished entrepreneurs at Kaushal Bhawan for their contributions to India’s growth and innovation under the Skill India Mission. These entrepreneurs, invited as special guests at the Republic Day parade, represent India’s thriving skill ecosystem. Fresh from the World Economic Forum 2025 in Davos, Shri Chaudhary shared insights into India’s growing global reputation as a hub of skilled talent. “India’s workforce is gaining immense recognition globally, with our emergence as a global skill capital,” he said. Discussions in Davos revolved around sustainability, AI, and…

29 Jan

BHEL Q3 results | Net profit upgrade 124% on revenue growth

editorBusiness, News

State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday (January 28) reported a 123.5% jump in net profit to ₹134.7 crore for the third quarter ended December 31, 2024, mainly on account of higher revenue. In the year-ago quarter, BHEL had reported a net profit of ₹60.3 crore. The company's revenue from operations grew 32.2% to ₹7,277.1 crore as against ₹5,503.8 crore in the same quarter last year. At the operating level, EBITDA grew 40.6% to ₹304.3 crore in the third quarter as against ₹216.5 crore in the same quarter in FY24. EBITDA margin stood at 4.2% in the reporting quarter…

28 Jan

Utkarsh Small Finance Bank marks 8th anniversary with nationwide expansion, including first outlet in Sikkim

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Utkarsh Small Finance Bank Limited is celebrating its 8th anniversary by marking a significant milestone in its expansion journey. The bank, which has steadily grown its presence since its inception in 2017, is now launching 15 new banking outlets across India, including its first-ever outlet in Sikkim, located in Gangtok. This expansion brings Utkarsh Small Finance Bank’s total network to 1043 banking outlets across 27 states and union territories, strengthening its mission to provide financial services to underserved communities. “We are proud to witness our growth into one of the leading small finance banks in the country,” said Mr. Govind…