Business - The Purbottar

23 Dec

Smartphone exports cross Rs 1.70 lakh crore, increase 31%

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India's smartphone exports are set to cross Rs 1.70 lakh crore in the current fiscal - up 31% from Rs 1.29 lakh crore in FY24. Nearly 70% of shipments are of iPhones. Products from Samsung and domestic contract manufacturer Padget Electronics (Dixon) and a small amount of merchandise exports make up the remaining 30%. According to industry sources, smartphone exports reached Rs 1.10 lakh crore in the April-November period, up 45% from the export figure of Rs 76,221 crore in the same period in FY24. In November, monthly exports were Rs 20,000 crore, the highest ever. Apple's iPhone vendor Foxconn,…

23 Dec

Tansen Samaroh’s Guinness Record sets classical music market abuzz

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The 100th TansenSangeetSamaroh achieved a Guinness World Record for the Largest Hindustani Classical Band, featuring 546 musicians. This historic performance at Gwalior Fort, showcasing ragas like Rag Malhar, Rag Mia kiTodi, and Rag Darbari, has sent ripples across India’s classical music market. The event, organized by the Madhya Pradesh Cultural Department, celebrated Gwalior’s status as a UNESCO City of Music. Chief Minister Dr. Mohan Yadav emphasized its global significance, while Guinness consultant NischalBarot commended the flawless execution, marking his 53rd successful record. In Nabadwip, a renowned cultural hub in West Bengal, the impact was palpable. Local instrument makers and retailers…

23 Dec

Chicco expands retail footprint with biggest flagship store at Ambience Mall, Gurgaon

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Chicco, a renowned global leader in baby care products, has inaugurated its largest flagship store at Ambience Mall, Gurgaon, marking a significant milestone in its retail expansion across India. The store, situated on the second floor of the mall, is designed to offer a warm, welcoming environment for parents, providing them with access to a wide range of baby care solutions. These include baby apparel, strollers, car safety seats, feeding accessories, toys, and more, all crafted to meet the highest safety and comfort standards. Mr. Rajesh Vohra, CEO of Artsana India (Chicco), officiated the store's opening, emphasizing the company's commitment…

23 Dec

Two-thirds of Gen Z and millennials are first-time pet parents in India: Mars study

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A groundbreaking survey by Mars Petcarereveals that over two-thirds of Gen Z and Millennials in India are first-time pet parents, signaling a profound shift in the country’s pet ownership dynamics. The Global Pet Parent Survey, which included responses from 20,000 participants worldwide, highlights the emotional bonds between young Indians and their pets, with 68% of Gen Z dog owners and 71% of cat owners viewing their pets as integral to their lives. The study shows that pets are seen as stress-relievers and companions, with over 64% of young dog owners and 60% of young cat owners in India reporting reduced…

21 Dec

Onion prices plunge by 50% in a week

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NAVI MUMBAI: Onion prices, which have become a burden on consumers' pockets, have fallen sharply by about 50% in the last week. This is due to the arrival of new crop and the imposition of duty on export. Vegetable traders said that as more fresh stock reaches the market, prices will fall further. Wholesale prices at the Vashi APMC (Agricultural Produce Market Committee) market, which supplies the Mumbai Metropolitan Region, have come down from ₹45-50 per kg last week to ₹20-25 per kg on Friday. Traders said that prices in the retail market have come down from ₹80-90 per kg…

21 Dec

Isuzu Motors India celebrates one lakh vehicle rollout at Sri City plant

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Isuzu Motors India has reached a major milestone with the rollout of its one lakhth vehicle from its Sri City manufacturing facility in Andhra Pradesh. The milestone was marked by the launch of the popular Isuzu D-MAX V-Cross, a model renowned for its durability and reliability. This achievement reflects Isuzu’s commitment to the Indian market, having doubled its vehicle production in just two years. The ceremony was attended by Dr. N. Yuvaraj, Secretary to the Government of Andhra Pradesh, along with other dignitaries including Dr. RavindraSannareddy, Founder & MD of Sri City, and Makoto Sado, Chairman of the Sri City…

21 Dec

Jaya Hind Industries launches India’s largest 4400-ton high-pressure die-casting machine

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Jaya Hind Industries Pvt Ltd has set a new benchmark in India’s manufacturing sector with the installation of the country’s largest 4400-ton high-pressure die-casting machine at its Urse plant near Pune. This state-of-the-art machine, sourced from Buhler-Switzerland, is poised to revolutionize the production of complex aluminum structural components, offering unparalleled precision and capacity. The machine enables the production of intricate aluminum parts, including cradles, shock towers, housings, and advanced components for electric vehicles (EVs), heavy-duty transmissions, and flywheels for commercial vehicles. "This marks a proud moment for Jaya Hind Industries and the Indian die-casting industry," said Mr. PrasanFirodia, Managing Director.…

21 Dec

Kolkata shines as a rising star in India’s crypto ecosystem

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CoinSwitch, India’s largest crypto trading platform, has published the third edition of its annual investor report—India’sCryptoPortfolio2024: How India Invests. The report deep-dives into India’s diverse crypto ecosystem and highlights the country's growing engagement with digital assets. In a year marked by Bitcoin’s historic rise to $100,000, Indian investors displayed a growing interest in meme coins. Dogecoin topped the list of the most invested coins while SHIB led the way for the most traded coins. PEPE emerged as the top-performing asset, soaring by 1300% in 2024. A new entrant to the top 10, Kolkata ranks as the ninth-largest contributor to India's…

21 Dec

Celebrate a healthier Christmas with California Almonds

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As the holiday season approaches, California Almonds are here to add a healthy twist to your Christmas celebrations. Known for their nutritional benefits, California Almonds are packed with 15 essential nutrients including protein, fiber, magnesium, and healthy fats, making them the perfect addition to your festive meals and snacks. From cakes and cookies to savory dishes, almonds enhance both the flavor and health benefits of your traditional recipes. Studies have shown that a handful of almonds daily can support heart health, manage blood sugar levels, and even aid in weight management, helping you enjoy the season without the guilt. Nutritionists,…

20 Dec

BASF India shares jump over 5% after board approves split of agriculture solutions business

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BASF India shares rose over 5% in early trade on December 20 after the board approved splitting its agriculture solutions business into a separate listed entity. The move is in line with German parent BASF SE's decision to separate the agriculture solutions business by 2027. The Indian entity said BASF SE is also preparing for a potential initial public offering (IPO) of its global agriculture solutions business, and is also evaluating the option of listing a 'minority share' in the mid-term. BASF India said it will assess the implications of the new strategy for its India business. The BASF India…