Business - The Purbottar

29 Jul

Ujjivan Small Finance Bank reports strong Q1FY25 performance with 19% growth in loan book

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Ujjivan Small Finance Bank Ltd. (BSE: 542904; NSE: UJJIVANSFB) has announced robust financial results for the quarter ended June 30, 2024, marking a significant 19% year-over-year growth in its gross loan book, which now stands at ₹30,069 crore. The bank's secured book also improved to 31.3% from 30.2% in the previous quarter, underscoring a strategic shift towards more secure lending. The bank's deposits reached ₹32,514 crore, reflecting a 22% increase year-over-year. The CASA ratio, however, slightly decreased to 25.6% from 26.5% as of March 2024. The bank maintained a healthy asset quality with GNPA and NNPA ratios at 2.3% and…

27 Jul

New skill loan scheme to empower India’s youth with advanced training opportunities

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The Indian government has unveiled a revamped Model Skill Loan Scheme, designed to alleviate financial barriers for students pursuing high-end skill courses. Launched by Shri Jayant Chaudhary, Minister of State (Independent Charge) for the Ministry of Skill Development & Entrepreneurship (MSDE) and the Ministry of Education, the scheme now offers loans up to INR 7.5 lakhs, significantly up from the previous cap of INR 1.5 lakhs. In a move to broaden access, the revised scheme includes Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs), and Small Finance Banks as eligible lenders, with the government providing a 75% credit guarantee against…

27 Jul

Father-daughter duo Kapoor stars in heartwarming Johnson’s® Baby campaign

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Johnson’s® Baby, a leader in baby skincare, has unveiled its latest television campaign, "Protection* ka Promise Pehle Din Se," featuring Bollywood stars Anil Kapoor and Sonam Kapoor. The new campaign, designed by DDB Mudra, highlights the brand’s commitment to protecting babies' delicate skin from day one with products made from baby-safe ingredients. The campaign showcases a playful and emotional interaction between the iconic father-daughter pair. In the film, Anil Kapoor, portraying a concerned grandfather, questions the moisture retention of the baby’s skin post-bath. Sonam Kapoor, reflecting her real-life role, reassures with a witty exchange referencing Kapoor's famous role as ‘Mr.…

26 Jul

Glenmark Foundation and partners launch boat clinic to boost maternal and child health in Assam

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Glenmark Foundation has teamed up with the Centre for North East Studies & Policy Research (C-NES) and the District Administration of Darrang to launch a pioneering boat clinic program. This innovative project aims to enhance maternal and child health by delivering essential healthcare services to remote and flood-prone riverine communities in Assam. The boat clinic program addresses significant barriers to healthcare access caused by geographical isolation and seasonal flooding. The mobile healthcare unit is specially designed to navigate these challenges, providing critical medical services including immunizations, prenatal care, and health education. Equipped with a laboratory and pharmacy, the boat will…

26 Jul

Bajaj Finserv announces large cap fund with unique concentrated strategy

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Bajaj Finserv Asset Management Limited has introduced the Bajaj Finserv Large Cap Fund, offering investors a fresh opportunity to capitalize on India's leading corporations. Launching its New Fund Offer (NFO) on July 29, 2024, and closing on August 12, 2024, this fund is designed to provide high returns through a concentrated investment strategy focusing on a select 25-30 stocks. The fund employs a high active share approach, aiming to outperform the Nifty 100 Total Return Index (TRI) over the long term. According to recent research by Bajaj Finserv AMC, large cap stocks are near their long-term valuation averages, making them…

26 Jul

Rising male infertility: A growing public health concern in India

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Infertility is increasingly emerging as a significant public health issue in India, affecting an estimated 15-20 million couples nationwide. The World Health Organization (WHO) reports that infertility affects 15-20% of couples in developing nations, with male infertility contributing to approximately 40% of these cases. Over the past decade, Indian doctors have observed a troubling rise in male infertility, a trend highlighted by the Indian Society of Assisted Reproduction (ISAR), which notes that 10-14% of Indian couples struggle with infertility. Male infertility, often overshadowed by a focus on female reproductive health, is influenced by various factors. These include obstructions in the…

26 Jul

Mahindra Trucks and Buses accelerates growth with five new dealerships

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In a major expansion drive, Mahindra’s Truck and Bus Division (MTBD) has inaugurated five cutting-edge dealerships in Jhansi, Ghaziabad, Raipur, Bharuch, and Kadappa this July. The new facilities, featuring 37 service bays, are set to handle more than 75 vehicles daily, offering comprehensive services including driver lodging, 24-hour breakdown assistance, and AdBlue availability. Jalaj Gupta, Business Head – Commercial Vehicles at Mahindra & Mahindra Ltd, highlighted the division’s impressive 46% CAGR growth for FY24 and the strategic significance of these new outlets. “These dealerships are pivotal in extending our service network and boosting fleet uptime,” Gupta commented. He also introduced…

25 Jul

Hindustan Zinc launches Asia’s first low carbon ‘Green’ zinc, EcoZen

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Hindustan Zinc Limited (NSE: HINDZINC), India’s largest and the world’s second-largest integrated zinc producer, has unveiled EcoZen, Asia’s first low carbon ‘green’ zinc. This innovative product, certified by a global sustainability consulting firm, boasts a carbon footprint of less than one tonne of carbon equivalent per tonne of zinc produced, approximately 75% lower than the global average. EcoZen, primarily used for galvanizing steel to prevent corrosion, highlights Hindustan Zinc's commitment to sustainability. Chairperson Priya Agarwal Hebbar emphasized, "The launch of EcoZen is another leap in our journey of becoming Net Zero by 2050, revolutionizing the natural resources industry by creating…

25 Jul

Nissan launches 4th generation X-TRAIL with advanced engine technology

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Nissan Motor India has announced the launch of the all-new 4th generation X-TRAIL, a premium urban SUV equipped with the world’s first production engine featuring variable compression technology. This milestone marks the re-launch of Nissan’s Completely Built Unit (CBU) business in India. The new X-TRAIL, renowned globally with over 7.8 million units sold, has made its mark in the top five bestselling SUVs of 2023. It boasts a 1.5L petrol Variable Compression-Turbo engine coupled with Nissan’s 3rd generation XTRONIC CVT, promising enhanced performance and fuel efficiency. Additionally, the SUV includes advanced features such as a 31.2cm high-resolution driver display and…

24 Jul

Shriram Farm Solutions launchesadvanced crop protection and plant nutrition products

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Shriram Farm Solutions, a division of DCM Shriram Ltd., launched four new generation crop protection and specialty plant nutrition products at a grand event held at Hotel Maurya, Patna. The event witnessed participation from over 150 distributors and was streamed live to over 5000 viewers. The company introduced three cutting-edge insecticides – Shriram Saisho, Shriram Chrone, and Shriram Trexter – developed using patented technologies to tackle sucking and chewing pests in row and horticultural crops. These products are designed to enhance crop health and yield while minimizing resistance development.In the specialty plant nutrition segment, Shriram Farm Solutions launched Shriram Protobuz+,…