Business - The Purbottar

06 Jan

Vi strengthens its annual recharge portfolio with SuperHero

Business BureauBusiness

Telecom giant Vodafone Idea (Vi) has introduced its latest offering, the SuperHero Annual Recharge Packs, providing users unlimited data access from 12 AM to 12 PM daily, paired with robust savings of up to 25% compared to monthly plans. The move caters to India’s surging demand for high-speed data and entertainment needs. Vi's SuperHero Packs come in three variants—₹3,599, ₹3,699, and ₹3,799—offering 2GB daily data for the remaining half of the day, weekend data rollover, and emergency data top-ups with its Data Delight feature. Additionally, premium plans include annual subscriptions to Disney+ Hotstar Mobile or Amazon Prime Lite, enhancing their…

06 Jan

India’s foreign exchange reserves continue to decline, down 10% from peak

editorBusiness, News

India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month lowIndia's foreign exchange reserves continue to decline, continuing a three-month long decline. In the week ended December 27, the country's foreign exchange reserves fell by $4.112 billion to $640.279 billion, data from the Reserve Bank of India (RBI) showed.India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month low.The reserves have been declining ever since they touched an all-time high of $704.89 billion in September. Effectively, it is now down by about 10 per cent from the peak.The…

04 Jan

World’s first fetal aortic valvuloplasty with device closure performed at Rainbow Children’s Heart Institute

Business BureauBusiness

The Rainbow Children’s Heart Institute has successfully performed the world’s first fetal aortic valvuloplasty with device closure on a 27-week-old fetus, diagnosed with critical aortic stenosis. This pioneering procedure, which combines advanced fetal cardiac intervention with a closure device, sets a new global standard in fetal cardiology. The procedure, led by Dr. Koneti Nageswara Rao, Chief Pediatric Cardiologist, and his team, involved using a balloon catheter to relieve the narrowing of the aortic valve, followed by the innovative use of a device to seal the puncture site. This groundbreaking step ensures the safety of the fetus during and after the…

04 Jan

IGL, MGL shares rose as government asks GAIL and ONGC to give 0.6 mmscmd gas to city gas firms

editorBusiness, News

Shares of Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL) jumped up to 2.5% on January 3 after the oil ministry asked GAIL and ONGC to give 0.6 mmscmd gas to city gas firms. The circular said gas from new wells and oil-associated gas will not be auctioned but will be allocated proportionately to companies based on volume. The move will reduce city gas distribution firms' dependence on gas from the spot market. IGL will get the highest allocation due to its higher market share. At 10:30 am on January 3, IGL shares were trading 2.5% higher at Rs 437…

03 Jan

Godrej Agrovet launches Pride Hog feed range to strengthen pig health and immunity

Business BureauBusiness

Godrej Agrovet Limited (Godrej Agrovet), a leading diversified agri-business company, has announced the launch of Godrej Pride Hog, a scientifically developed pig feed range designed to provide optimal nutrition at each stage of a pig’s lifecycle. The range includes Starter, Grower, and Finisher variants, ensuring balanced nutrition for better health, immunity, and growth. As part of the launch, Godrej Agrovet organized a roundtable discussion in Guwahati to address preventive measures against African Swine Fever (ASF) and best practices for pig farm management. The event saw participation from industry experts, including Dr. Purnananda Konwar, General Manager, Assam Livestock and Poultry Corporation…

03 Jan

HDFC Mutual Fund expands reach with 25 new branches across India

Business BureauBusiness

HDFC Mutual Fund has taken a significant step towards financial inclusion by inaugurating 25 new branches across various regions of India. This expansion is part of the company’s mission to make mutual fund investments accessible to more people, especially in underserved areas. The new branches, also referred to as Business Centres, are located in cities such as Bharatpur, Bhusaval, Varachha, Bopal, Wakad, Chittorgarh, and more. With the addition of these 25 branches, HDFC Mutual Fund now operates over 250 branches nationwide, strengthening its position as one of India’s most accessible wealth creators. The company’s efforts align with the Securities and…

03 Jan

Axis Mutual Fund expands reach with new branch in Kharagpur

Business BureauBusiness

Axis Mutual Fund, one of India's leading and fastest-growing fund houses, has opened a new branch in Kharagpur, West Bengal. The branch, located at Seikh Tower, Inda OT Road, Near Kharagpur College, was inaugurated by Mr. Santosh Singh, RRBH, East and South. This move highlights Axis Mutual Fund's commitment to empowering local investors with accessible and personalized financial solutions. The branch will offer a wide range of services, including KYC processing, application handling, and investment account management. Dedicated Relationship Managers will be available to guide investors through their financial journeys, ensuring tailored advice and support. The initiative also strengthens Axis…

03 Jan

Axis Max Life Insurance announces rebrand with ‘Double Bharosa’ campaign

Business BureauBusiness

Axis Max Life Insurance Ltd., formerly known as Max Life Insurance, has announced its rebranding to mark a new chapter in its evolution. The company, which has now integrated ‘Axis’ into its name following corporate and regulatory approvals, aims to broaden its reach beyond metros and tier-1 cities. This move is expected to accelerate the company's long-term growth aspirations in the life insurance and financial services sectors. The rebranding is highlighted by a refreshed logo, blending Axis’s iconic 'A' with a rich burgundy hue, symbolizing trust, modernity, and forward-thinking. The new identity reflects the company's commitment to enhancing customer trust,…

03 Jan

Nissan achieves record December sales, surpasses 10,000 bookings for new Magnite SUV

Business BureauBusiness

Nissan Motor India marked a historic milestone in December 2024, registering its best-ever sales performance with a total of 11,676 wholesale dispatches. The company also surpassed 10,000 bookings for its new Nissan Magnite SUV, which was launched in October 2024. With a total of 91,184 units sold in the calendar year, Nissan continues to see robust demand both in India and international markets. December’s export numbers stood at 9,558 units, a remarkable 72% year-on-year increase, while domestic sales accounted for 2,118 units. The export performance for FY24 has shown a growth of 63%, with the Magnite being a key contributor…

03 Jan

Capital Small Finance Bank’s total deposits inflation 12% to ₹8,384 crore in Q3

editorBusiness, News

Capital Small Finance Bank Limited (CSFB) has recorded a 12% year-on-year (YoY) growth in total deposits for the quarter ended December 31, 2024, reaching ₹8,384 crore. This growth is also accompanied by significant progress in loan disbursements, improved asset quality and strong liquidity metrics. Loan advances up 19.2%: The Bank's gross advances reached ₹6,816 crore, registering a growth of 19.2% year-on-year (YoY). Around 99.8% of the portfolio remains secured. Asset quality remains strong: CSFB demonstrated improved asset quality, with the gross non-performing asset (NPA) ratio declining to 2.67% from 2.97% in the same quarter last year. Deposits grew to ₹8,384…