Business - The Purbottar

11 Nov

ICICI Foundation enhances healthcare access for over 9,100 patients in Northeast India

Business BureauBusiness

ICICI Foundation, the Corporate Social Responsibility (CSR) arm of ICICI Bank, has made strides in healthcare support for India’s northeastern states, benefiting over 9,100 patients since 2023. By delivering essential medical infrastructure and equipment, the foundation aims to improve healthcare quality and accessibility across Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura. Focusing on critical areas such as tuberculosis (TB) treatment, cancer care, and dialysis services, ICICI Foundation has supplied over 60 medical devices, including video bronchoscopes, ultrasound machines, dialysis units, and endoscopes. The foundation has also provided blood collection vehicles, mobile medical units, and ambulances to enhance…

09 Nov

HIVE Digital shares gain 11% as bitcoin holdings rise

editorBusiness, News

Shares of cryptocurrency mining company HIVE Digital have surged 11% following its October production report reflecting a substantial year-over-year jump in bitcoin holdings.In its latest report, HIVE Digital announced that it mined 117 Bitcoin in October, marking a 1% increase month-over-month. The firm's HODL portfolio has grown to 2,624 BTC, an increase of 51% over the past year. Frank Holmes, executive chairman of HIVE Digital, attributed this growth to the firm's "prudent capital management," which allowed the company to maintain a strong portfolio while covering operating costs.HIVE Digital also shared a positive outlook on the recent US election results, hoping…

09 Nov

NSDC Hosts Kaushal Mahotsav in Bharatpur to Boost Youth Employment and Skill Development

Business BureauBusiness

The National Skill Development Corporation (NSDC), in partnership with the Ministry of Skill Development and Entrepreneurship (MSDE), is set to host a mega job fair, Kaushal Mahotsav, in Bharatpur on November 19. The fair, announced by Bharatpur MLA Shri Subhash Garg, aims to provide career-launching opportunities, with over 11,000 vacancies in sectors like IT, hospitality, healthcare, and manufacturing. Highlighting the event’s objectives, Shri Garg emphasized that “skilling and entrepreneurship” are crucial to addressing India’s employment needs. The Kaushal Mahotsav, a pilot project involving local Gram Panchayats, offers both urban and rural youth soft skills training essential for excelling in today’s…

09 Nov

QNET India promotes holistic diabetes care with nutriplus range ahead of World Diabetes Day

Business BureauBusiness

As World Diabetes Day approaches on November 14, QNET India is reinforcing its commitment to comprehensive diabetes management with the launch of its leading health supplements, Nutriplus DiabaHealth and Nutriplus ImmunHealth. With the global theme “Diabetes and Well-being,” the World Health Organization (WHO) highlights the importance of not only managing blood sugar levels but also strengthening immunity and overall well-being. Nutriplus DiabaHealth, a 100% natural supplement, combines Malabar kino and other herbal ingredients, offering a safe, effective solution for maintaining healthy blood sugar levels. It provides long-term support for individuals managing diabetes. On the other hand, Nutriplus ImmunHealth is designed…

09 Nov

Bandhan Mutual Fund advocates for smarter spending with new festive campaign

Business BureauBusiness

Bandhan Mutual Fund is redefining festive season habits with its new campaign, urging consumers to prioritize thoughtful investments over impulsive buys. While brands typically drive sales with festive deals, Bandhan Mutual Fund's latest video campaign takes a reflective approach, addressing post-festival realizations when buyers often reassess their purchases. Vishal Kapoor, CEO of Bandhan AMC, highlighted the campaign’s goal, stating, “The festive season often fuels consumerism, with discounts turning many items into ‘must-haves.’ Through this campaign, we aim to inspire consumers to think beyond instant gratification. The message, ‘Invest Karte Raho. Badhte Raho,’ aligns with our philosophy of continuous growth.” The…

08 Nov

News Corp reports 3% jump in first quarter revenue

editorBusiness, News

The news: News Corp. reported a 3% rise in first-quarter revenue, driven by expansion in book publishing, real estate services and Dow Jones segments.The company also announced that its Chief Financial Officer Suzanne Panuccio will step down from her position in January 2025 and will be replaced by Lavanya Chandrasekar.The figures: News Corp. posted first-quarter revenue of $2.58 billion, increase 3% from a year earlier.Net income during the quarter was $144 million, up $58 million from the year-ago period. Total segment EBITDA inflation 14% to $415 million from $364 million.Context: News Corp said revenue growth was driven by higher Australian…

08 Nov

Škoda Auto India launches Kylaq: A strategic leap into the compact SUV market

Business BureauBusiness

Škoda Auto India has announced the upcoming launch of its all-new compact SUV, the Kylaq, set to premiere globally on November 6, 2024. This introduction marks a significant step in Škoda’s strategy to expand its footprint in India, particularly in the sub-4m SUV segment, which represents nearly 30% of the country’s car market. Designed with high localization, the Kylaq features modern aesthetics, advanced safety technology, and a 1.0 TSI engine, delivering impressive performance and efficiency. Piyush Arora, Managing Director and CEO of Škoda Auto Volkswagen India, stated, “Kylaq embodies our commitment to 'Make in India' while enhancing our portfolio.” The…

08 Nov

Bajaj Finserv AMC introduces ‘Consumption Fund’ to tap India’s growing consumer market

Business BureauBusiness

Bajaj Finserv AMC has announced the launch of its latest offering, the Bajaj Finserv Consumption Fund, an open-ended equity scheme designed to capitalize on India’s evolving consumer market. The fund opens for subscription on 8th November and closes on 22nd November 2024. This scheme will focus on sectors driven by consumption megatrends, including FMCG, consumer durables, healthcare, realty, and telecom, with a benchmark tied to the Nifty India Consumption Total Return Index (TRI). Ganesh Mohan, CEO of Bajaj Finserv AMC, highlighted India’s rising income levels and urbanization as key factors driving this shift, positioning the fund to benefit from the…

08 Nov

Utkarsh Small Finance Bank launches first sustainability report, sets benchmark in green banking

Business BureauBusiness

Utkarsh Small Finance Bank Limited (Utkarsh SFBL) has proudly released its inaugural Sustainability Report for FY 2023-24, titled “U-SUSTAIN,” marking a key step in the bank’s commitment to Environmental, Social, and Governance (ESG) practices. The report details strategic efforts in climate risk management, energy efficiency, waste reduction, and community-focused initiatives, demonstrating Utkarsh SFBL's dedication to sustainable banking. In the report, the bank highlights achievements across three ESG pillars: environmental initiatives, social impact, and robust governance. Environmentally, Utkarsh SFBL has implemented green technologies and efficient resource management. Social efforts include boosting financial inclusion and promoting diversity. Governance-wise, the bank ensures transparency…

08 Nov

Deloitte India launches Enterprise Growth Awards 2024 to spotlight evolving consumer trends in regional businesses

Business BureauBusiness

Deloitte India has introduced the Enterprise Growth Awards 2024 (EGA 2024), a pioneering initiative aimed at recognizing the achievements of family-owned businesses, unicorns, and soonicorns across North, South, East, and West India. The awards will celebrate companies that not only excel in leadership and innovation but also respond effectively to shifting consumer trends in their respective markets. Open for participation, the EGA 2024 invites family-owned businesses with a turnover between INR 1,000 crore and INR 5,000 crore and over 26% promoter ownership, along with startups valued between US$500 million and US$1 billion. Key evaluation criteria include financial performance, innovation, and…