Business - The Purbottar

23 Jan

Minister Pabitra Margarita’s historic visit strengthens Indo-Pacific ties

Business BureauBusiness

Minister of State for External Affairs Pabitra Margarita concluded an eight-day diplomatic tour across the Philippines, the Republic of Palau, and the Federated States of Micronesia (FSM), marking a significant step in India's Indo-Pacific engagement. The visit, which began on January 14, included high-level discussions with the leadership of all three nations. In a landmark achievement, Margarita became the first Indian minister to visit Micronesia, where he met President Wesley W. Simina and Vice President Aren B. Palik. They explored avenues to bolster bilateral relations and discussed issues of mutual interest with Foreign Secretary Lorin S. Robert. In Palau, Margarita…

22 Jan

KISNA Jewellery’s campaign ends with 100 cars given away to customers nationwide

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KISNA Diamond and Gold Jewellery has concluded its highly successful #Abki_Baar_Aapke_Liye campaign, marking a milestone in customer engagement by awarding 100 Maruti Celerio cars to lucky winners across India. The campaign, which ran from September 1, 2024, to January 18, 2025, attracted over 51,219 participants, driving significant sales in diamond and gold jewellery segments. The campaign offered customers the opportunity to enter a lucky draw by purchasing diamond, platinum, or solitaire jewellery worth ₹20,000 or more, or gold jewellery worth ₹50,000 or more. Winners were selected nationwide, with key handover events held in cities like Delhi, Haryana, Maharashtra, and Tamil…

22 Jan

NAMTECH hosts first convocation and MET Expo, graduates 53 students

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NAMTECH (New Age Makers’ Institute of Technology) marked a significant milestone with the graduation of its first batch from the International Professional Master’s Program (iPMP) – Smart Manufacturing. Held at the Mahatma Mandir Convention & Exhibition Centre, the event celebrated the academic success of 53 students who received their Post Graduate Certificates. The convocation ceremony was complemented by the first-ever Manufacturing, Engineering, and Technology (MET) Expo, which showcased groundbreaking innovations in digital technologies and provided a glimpse into the future of manufacturing. The expo highlighted NAMTECH’s futuristic learning campus and its spatial AI-enabled XR platform, emphasizing the institution's commitment to…

22 Jan

National Almond Day: 8 lesser-known benefits of almonds

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As National Almond Day approaches on January 23, the spotlight shines on the numerous health benefits of almonds, a superfood endorsed by science and tradition alike. Over 200 scientific studies, along with recommendations from ICMR-NIN dietary guidelines, highlight the nutritional prowess of California Almonds, a powerhouse of 15 essential nutrients, including magnesium, protein, and vitamin E. Ritika Samaddar, Regional Head-Dietetics at Max Healthcare, New Delhi, emphasizes lesser-known advantages of almonds. These include their role in muscle maintenance, thanks to high protein content, and their ability to enhance energy levels by converting food into fuel through nutrients like vitamin B2 and…

22 Jan

India’s vision for skills, innovation and sustainable growth takes center stage at WEF 2025

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Jayant Chaudhary, Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship, represents India at the World Economic Forum (WEF) Annual Meeting 2025 in Davos. The meeting, held from January 20 to January 24, brings together global leaders to discuss the future of skills, innovation, and sustainable growth. India’s commitment to fostering a skilled workforce and driving innovation is highlighted through Shri Chaudhary’s participation. He will engage in panel discussions and Government-to-Business (G2B) engagements, focusing on the evolving technological landscape, the impact of AI adoption, and the critical role of skilling in driving transformational change. “We have an opportunity…

22 Jan

HDFC Bank Q3 results: Profit may rise up to 3%, NII 6-8%; know what to watch out for

editorBusiness, News

HDFC Bank Q3 results: The largest private lender is likely to report a 0-3 percent rise in net profit for the December quarter, while net interest income (NII) will grow 6-8 percent. Provisions may rise sequentially, but decline on a year-on-year (YoY) basis. Net interest margin (NIM) may remain stable, banking analysts said, adding that management commentary on loan growth will be closely watched later today. Axis Securities expects HDFC Bank to report a 2.2 per cent year-on-year (YoY) rise in net profit at Rs 16,737 crore for the December quarter, as against Rs 16,373 crore in the same quarter…

21 Jan

Bharti Airtel and Bajaj Finance have entered into a ground breaking partnership

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Bharti Airtel, one of India’s largest telecom services providers and Bajaj Finance, the country’s largest private-sector Non-Banking Financial Company (NBFC), have announced a strategic partnership to create one of India’s largest digital platforms for financial services and transform last-mile delivery. The one-of-a-kind partnership brings together Airtel’s highly engaged customer base of 375 million, 12 lakh+ strong distribution network, and Bajaj Finance’s diversified suite of 27 product lines, and distribution heft of 5,000+ branches and 70,000 field agents. Airtel will initially offer Bajaj Finance’s retail financial products on its Airtel Thanks App for seamless and secure customer experience and later through…

21 Jan

Eicher Trucks and Buses launches Pro X Range to to revolutionize last-mile logistics in India

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Eicher Trucks and Buses, a division of VE Commercial Vehicles, launched its electric-first range of Small Commercial Vehicles (SCVs), the Eicher Pro X Range, at the Bharat Mobility Global Expo 2025. The Pro X series marks Eicher’s strategic entry into the rapidly growing 2-3.5T segment, aiming to transform last-mile logistics with innovative solutions tailored to meet the demands of modern businesses. Vinod Aggarwal, MD & CEO of VE Commercial Vehicles, highlighted, "The Eicher Pro X will play a crucial role in India’s 'Viksit Bharat' journey, redefining the future of logistics." Manufactured at Eicher’s advanced Industry 4.0-enabled Bhopal plant, the Pro…

21 Jan

PM Modi applauds JSW MG Motor India’s green vision at Bharat Mobility Global Expo 2025

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Prime Minister Narendra Modi visited the JSW MG Motor India pavilion at the Bharat Mobility Global Expo 2025, themed ‘Drive. Future,’ showcasing latest advancements in sustainable and smart mobility. The event highlighted India’s growing focus on innovation and eco-friendly automotive solutions. Welcomed by Parth Jindal, Director of JSW MG Motor India, and Rajeev Chaba, CEO Emeritus, the Prime Minister explored MG Motor’s innovative electric and hybrid vehicles. Interactive exhibits featuring autonomous driving, artificial intelligence, and connected ecosystems attracted significant attention. “It is an honour to have the Prime Minister witness our commitment to a sustainable and innovative future,” said Mr.…

21 Jan

Zomato Q3 results: Net profit drops 57.2% to Rs 59 crore as against Rs 138 crore a year ago; shares fall

editorBusiness, News

Zomato Q3 results: Zomato on Monday reported a 57.24 per cent drop in its net profit to Rs 59 crore for the December 2024 quarter (Q3 FY25), according to a regulatory filing. Following this, its shares declined 7 per cent intra-day and closed at Rs 240.95 per share, down 3.14 per cent from the previous day.However, the food delivery platform's revenue grew 64 per cent to Rs 5,405 crore during October-December 2024 as against Rs 3,288 crore in the same period a year ago.Importantly, its quick commerce Blinkit, which had kept Zomato profitable in previous quarters, has reported an EBIT…