Business - The Purbottar

08 Oct

IPO market of Garuda Construction & Engineering made the

Banasree SarkarBusiness

Garuda Construction and Engineering Ltd made its primary market debut today. On October 7, the company that provides civil construction services received ₹75 crore from anchor investors in preparation for its first public offering. Garuda Construction and Engineering's IPO price band is set at ₹92-95 per share, with a total offer value of ₹264.10 crore. Investors can subscribe to the initial share offering from today until October 10. Half of the issue size has been assigned to qualified institutional buyers, 35% to retail investors, and the remaining 15% reserved for NIIs. Interested investors may bid for a minimum of 157…

07 Oct

Rama Steel reports 42% YoY grew in steel sales in Q2

editorBusiness, News

Rama Steel Tubes said it recorded sales of 50,921.67 tonnes in Q2 FY25, up 42% as compared to sales of 35,780.327 tonnes in Q2 FY24.On a sequential basis, the volume is higher by 36%. Sales volume for Q1 FY25 stood at 37,365.55 tonnes in Q1 FY25.The company has recorded sales of 88,287.22 tonnes in H1 FY25 as against 84,218.01 tonnes in H1 FY24, registering a growth of 5% over the same period last year.Rama Steel Tubes is engaged in the business of manufacturing steel pipes and related products.The company reported a 10% decline in consolidated net profit in Q1 FY25…

07 Oct

Samsung India’s ‘Solve for Tomorrow 2024’ crowns innovative teams

Business BureauBusiness

Samsung India has announced the winning teams, Eco Tech Innovator and METAL, for the 3rd edition of ‘Solve for Tomorrow 2024’, the company’s flagship national education and innovation competition. While Eco Tech Innovator from Golaghat, Assam, was declared the Community Champion in the School Track, METAL from Udupi, Karnataka, was announced as the Environment Champion in the Youth Track, demonstrating the reach of the programme outside major Indian cities. Eco Tech Innovator, which developed an idea around equitable access to non-contaminated potable drinking water, received a seed grant of INR 25 lakh for prototype advancement. METAL, which developed technology for…

07 Oct

Lava launches AGNI 3 with dual AMOLED Display and MediaTek Dimensity 7300X processor

Business BureauBusiness

Lava International Limited has unveiled its latest flagship smartphone, the AGNI 3, boasting a segment-first dual AMOLED display and MediaTek’s Dimensity 7300X processor. Starting at an introductory price of INR 19,999, AGNI 3 offers a superior user experience with powerful camera features, a customizable action key, and the promise of long-term software updates. The smartphone comes equipped with a 50MP Sony Quad-Bayer primary camera with Optical Image Stabilization (OIS), an 8MP telephoto lens with 3X optical zoom, and an 8MP ultrawide camera. It also features a dual AMOLED display—one on the front and a smaller rear display for quick actions…

07 Oct

New Nissan Magnite launched at introductory price of INR 5.99 lakhs

Business BureauBusiness

Nissan Motor India has officially launched the New Nissan Magnite, now available at a special introductory price of INR 5.99 lakhs. This updated model boasts a bold new design, enhanced safety features, and advanced technology, reaffirming Nissan’s commitment to innovation and quality. The New Magnite features a redesigned exterior with a prominent honeycomb grille, improved ground clearance, and an array of segment-first features, including a floating touchscreen infotainment system compatible with Android Auto and Apple CarPlay. The interior showcases a premium leatherette finish, ample cabin storage, and a spacious boot that expands from 336L to 540L. Manufactured at Nissan's Alliance…

07 Oct

MG Windsor EV breaks records with 15,176 bookings on launch day

Business BureauBusiness

MG Motor India has set a new industry standard with the launch of its Windsor EV, achieving a staggering 15,176 bookings within just 24 hours of its release on October 3, 2024. This milestone marks the Windsor as the first passenger electric vehicle (EV) in India to reach such heights, underscoring the rapid shift towards electric mobility among Indian consumers. The Windsor EV is available at a competitive starting price of INR 9.99 lakh, plus INR 3.5 per kilometer under the Battery as a Service (BaaS) program. Equipped with a 38 kWh Li-ion battery, the Windsor offers 136 PS power…

07 Oct

Campus Activewear showcases new range at Annual Retailers’ Meet in Muzaffarpur

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Campus Activewear Ltd., one of India’s leading sports and athleisure footwear brands, held its Annual Retailers' Meet in Muzaffarpur, highlighting its commitment to supporting the everyday moments of Indian families. The event, hosted in collaboration with Tag Activewear, saw over 155 retailers from across the region attend, emphasizing the brand's push towards becoming a household name in daily footwear choices. With a focus on versatility, Campus Activewear introduced a wide range of footwear catering to diverse customer needs—ranging from casual hangouts to semi-formal occasions and fitness activities. The new collections include youth-centric sneakers, fashionable "Sneakers for Her," the Ultrawalk collection…

07 Oct

Mahindra launches ZEO Electric 4-Wheeler SCV, aims to revolutionize urban logistics

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Mahindra Last Mile Mobility Limited (MLMML), India’s leading electric small commercial vehicle (SCV) manufacturer, has unveiled the Mahindra ZEO, a game-changing electric 4-wheeler SCV. Priced attractively from ₹7.52 lakh (ex-showroom), the ZEO promises to reshape urban logistics with its advanced technology, enhanced range, and environmental benefits. The ZEO boasts a real-world driving range of 160 km, supported by a fast-charging option that delivers a 100 km range in just 60 minutes. Powered by a 30 kW motor and a 21.3 kWh liquid-cooled battery, it offers a peak torque of 114 Nm and meets stringent safety standards with its IP67-rated motor…

05 Oct

UCO Bank’s total advances grew 18.6% YoY in September quarter

editorBusiness, News

PSU lender UCO Bank on October 4 said its total advances rose 18.56 percent year-on-year to Rs 1.98 lakh crore in the second quarter of the current financial year. Total advances of the bank were Rs 1.93 lakh crore in April-June quarter, and Rs 1.67 lakh crore in the year-ago period. In July-September quarter, domestic advances of the lender rose to Rs 1.74 lakh crore, as compared to Rs 1.67 lakh crore in a quarter ago period and Rs 1.43 lakh crore in the year-ago period. Domestic advances grew 21.68 percent on a yearly basis, and 4.19 percent on a quarterly basis.…

05 Oct

Almonds: A healthy twist to Navratri festivities

Business BureauBusiness

As Navratri, one of India's most vibrant festivals, kicks off, many are looking for ways to balance festive indulgence with healthier food choices. Traditionally, the celebration involves a wide variety of meals and sweets, many of which are high in sugar and fats. To maintain good health during the festivities, nutrition experts are recommending the inclusion of nutrient-dense foods like almonds. Almonds, rich in plant-based protein and 15 essential nutrients, are ideal for those observing Navratri fasts. They not only add crunch to meals but also help in managing cholesterol, blood sugar levels, and weight. “Adding a handful of almonds…