Business - The Purbottar

03 Sep

CEAT ISRL sees 20% surge in registrations for Season 2, promises exciting new talent

Business BureauBusiness

The CEAT Indian Supercross Racing League (ISRL) is revving up for its highly anticipated second season, with registrations showing a significant 20% increase. A total of 145 riders from around the globe have signed up, setting the stage for a competitive and dynamic season. The impressive roster includes athletes from the USA, Spain, France, Germany, and several other countries, reflecting the league's growing international appeal. Season 2 will feature fan favorites such as 9x Australian Champion Matt Moss and MxON World Champion Jordi Tixier, alongside new stars like AMA Pro Motocross Champion Mike Alessi and French Supercross Champion Greg Aranda.…

03 Sep

Moonjyoti Saikia: The business mind shaping Assam’s media future

Business BureauBusiness

The media industry is one of the most challenging businesses to succeed in. It’s a field full of challenges, Where generating revenue and meeting return on investment (ROI) is challenging and staying profitable is tough. This profession is not easy, especially when it involves learning an entirely new set of skills. To achieve success, one must work hard and make many sacrifices. Over time, experience and expertise grow, and those who persevere often become leaders and inspirations for future generations. Assam has its share of such successful individuals, and one of them is Moonjyoti Saikia. Moonjyoti Saikia has been the…

03 Sep

TKM has announced the signing of a MOU with Union Bank of India to enable comprehensive and accessible vehicle financing solutions

Business BureauBusiness

Toyota Kirloskar Motor (TKM) and Union Bank of India have announced a groundbreaking partnership that promises to revolutionize vehicle financing across India. This dynamic collaboration introduces up to 90% financing on the on-road price of Toyota vehicles for private use, removing traditional barriers such as foreclosure or part-payment charges. The new financing initiatives, including the Union Vehicle Scheme and the Union Parivahan Scheme, are designed to enhance accessibility and affordability. The Union Vehicle Scheme offers flexible tenures up to 84 months with competitive interest rates starting at 8.80% per annum, while the Union Parivahan Scheme provides financing options for commercial…

02 Sep

TRC bolsters team with renowned eye surgeons Dr. Anamika Nath and Dr. Pranamee Das

Business BureauBusiness

The Retina Centre (TRC) in Guwahati has proudly announced the addition of two distinguished eye surgeons, Dr. Anamika Nath and Dr. Pranamee Das, to its esteemed medical team. This significant development underscores TRC’s ongoing commitment to enhancing its eye care services and providing top-notch treatment to the community. Dr. Anamika Nath, a Vitreo Retina Surgeon with an MS in Ophthalmology, brings a wealth of experience to TRC. She earned her master's degree from the Regional Institute of Ophthalmology, Guwahati Medical College and Hospital, and completed her fellowship at ARAVIND Eye Hospital, Pondicherry. Dr. Nath joins TRC to collaborate with her…

02 Sep

Dynamic Services & Security Limited to acquire Bharat Battery for Rs 45 crore; stock hits upper circuit

Business BureauBusiness

Dynamic Services & Security Limited (DSSL) has secured a deal to acquire Bharat Battery MFG Co Private Limited for ₹45 crore, sending its stock to the upper circuit in today’s trading session. The acquisition, formalized through a Memorandum of Understanding (MoU), is anticipated to significantly boost DSSL's earnings per share (EPS) starting from the current financial year. Bharat Battery MFG Co, with a legacy since 1941, posted a revenue of ₹22.82 crore and a Profit after Tax of ₹4.78 crore for FY 2023-2024. The company, an approved supplier for Indian Railways, enhances DSSL’s strategic portfolio with its established market presence.…

02 Sep

Grand Shopsy Mela kicks off with unbeatable festive deals and prizes

Business BureauBusiness

Shopsy by Flipkart has launched its much-anticipated Grand Shopsy Mela, transforming its platform into a vibrant virtual fair. Running from September 1 to 8, this sale offers over 50 lakh products priced under Rs. 199, capturing the essence of traditional Indian melas while providing an immersive shopping experience. This year’s event features an expanded range of 150 categories, including fashion, beauty, home, mobiles, and large electronics, more than double last year’s offerings. Customers can enjoy limited-time deals starting at just Re. 1 and stand a chance to win grand prizes worth Rs. 1 lakh. Engaging activities like treasure hunts and…

31 Aug

Tata AIA’s Sampoorna Raksha promise: The future of term insurance announced

Business BureauBusiness

Tata AIA Life Insurance is setting new standards in term insurance with the launch of Sampoorna Raksha Promise, a groundbreaking plan designed to address the evolving needs of today’s policyholders. This innovative product offers a host of advanced features that blend financial security with modern flexibility. At the heart of Sampoorna Raksha Promise is its commitment to immediate relief—policyholders can receive an instant payout of INR 3 lakhs upon claim notification, ensuring that families have access to critical funds when needed most. For those diagnosed with a terminal illness, the plan accelerates 50% of the base sum assured, waiving future…

30 Aug

ICICI Prudential Life Insurance achieves Rs 3 lakh crore AUM

Business BureauBusiness

ICICI Prudential Life Insurance Co. Ltd., has achieved a significant milestone of crossing `3lakh crore in Assets Under Management (AUM). The Company’s AUM as of July 31, 2024, stood at ` 3.14 lakh crore. Mr. Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance, said, “We are delighted to have crossed the milestone of ` 3 lakh crore in assets under management. This signifies customers preference for our products and their trust in us to enable them to achieve their long-term financial goals. Our approach of simplifying products and processes has been one of the factors driving the growth in…

29 Aug

Bikaji report it is ‘not for sale’ amid investor interest in Indian snacks market

editorBusiness, News

Indian snacks maker Bikaji Foods is "not for sale" and is instead aiming to capitalize on the growing appetite for gourmet brands in the world's most populous country, a top executive told Reuters.The Indian salty snacks sector has grown rapidly in recent years as consumers increasingly splurge on packaged foods.“Bikaji is not for sale. No matter what price anyone offers, there are few things that are not for sale,” Chief Operating Officer Manoj Verma had said that earlier this month, without disclosing whether the company had received buyout offers.His comments came after India's Tata Group and a consortium including Blackstone…

29 Aug

Travels & Rentals Limited launches Rs 1,224 crore IPO to accelerate growth

Business BureauBusiness

Travels & Rentals Limited has announced its Initial Public Offering (IPO) set to begin on August 29, 2024. The IPO aims to raise ₹1,224 lakhs by issuing 30,60,000 equity shares at a price of ₹40 each. The offering will close on September 2, 2024, with shares expected to debut on the SME platform of BSE Limited on September 5, 2024. Finshore Management Services Ltd. is leading the issue. Established in 1996, Travels & Rentals Limited has established itself as a key player in the travel and tourism industry, offering services including air ticketing, hotel reservations, and customized tours. Since 2010,…