Business - The Purbottar

05 May

TVS Motor posts 7% sales growth in April despite supply chain challenges

Business BureauBusiness

TVS Motor Company reported a 7 per cent rise in overall sales for April 2026, driven by strong retail demand across domestic and international markets, even as supply chain disruptions affected production and dispatch volumes. The company said it sold 4,73,970 units in April 2026 compared to 4,43,716 units in the same month last year. However, dispatch volumes were impacted due to lower production caused by workforce shortages, raw material constraints, shortages of consumables among tier-1 and tier-2 suppliers, and limited container availability for exports. The Bengaluru-based automaker said corrective measures have been put in place and production is expected…

05 May

Nissan India logs 75% sales growth in April, driven by GRAVITE demand

Business BureauBusiness

Nissan Motor India Pvt. Ltd. reported a strong 75 per cent year-on-year growth in domestic sales in April 2026, marking a robust start to the new financial year amid rising demand for its SUV portfolio in India. The company on Friday said it recorded total sales of 5,388 units in April 2026, including 3,203 units in the domestic market and 2,185 units through exports. The automaker said growing customer interest in its expanding product range, especially the all-new Nissan GRAVITE, helped drive the sales momentum. According to the company, the GRAVITE has gained traction among buyers for its seven-seat modular…

05 May

Kotak Mahindra Bank Q4 profit rises 13% to ₹4,027 crore on strong loan, deposit growth

Business BureauBusiness

Kotak Mahindra Bank on Friday reported a 13 per cent year-on-year rise in standalone net profit for the fourth quarter of FY26 at ₹4,027 crore, driven by steady growth in advances, deposits and fee income. The bank’s profit after tax (PAT) rose from ₹3,552 crore in the corresponding quarter of FY25 and was also up 17 per cent sequentially from ₹3,446 crore in Q3FY26. For the full financial year FY26, standalone PAT stood at ₹14,008 crore. Net Interest Income (NII) for Q4FY26 increased 8 per cent year-on-year to ₹7,876 crore, while operating profit rose 7 per cent to ₹5,855 crore.…

05 May

Tata Motors posts 28% rise in CV sales in April 2026

Business BureauBusiness

Tata Motors Limited reported a 28 per cent year-on-year growth in commercial vehicle sales in April 2026, driven by strong demand across truck, passenger carrier, and cargo vehicle segments. The company said its total domestic and international sales stood at 34,833 units in April 2026, compared to 27,221 units in the same month last year. According to the company, domestic sales rose 27.9 per cent to 32,965 units, while international business sales increased 28.2 per cent to 1,868 units. Sales of heavy commercial vehicle (HCV) trucks grew 23.4 per cent to 8,969 units, while intermediate, light and medium commercial vehicle…

04 May

Suspected IED Blast and Gunfire Reported in Changlang; FIR Filed, Probe Underway

Business BureauBusiness

A suspected explosion involving an improvised explosive device (IED), followed by alleged gunfire, has been reported from Arunachal Pradesh’s Changlang district. The incident reportedly targeted Nuravi Group Director Ravi Ranjan Choubey. Sources indicate the incident may have occurred on April 23 night along Jinny Road between Kharsang and Jairampur. However, officials have said that confirmation is awaited. Empty cartridges recovered from the site have added weight to claims of gunfire, and the material is being analysed by investigators. Police have registered an FIR at Kharsang Police Station and initiated a probe into the matter. Further details are expected as the…

04 May

Renault Group India moves NCLT for operational realignment, eyes €2 billion exports by 2030

Business BureauBusiness

Renault Group India has approached the National Company Law Tribunal to seek approval for a proposed structural realignment of its India operations as part of its long-term business strategy aimed at strengthening the country’s role as a major manufacturing and export hub. The proposed restructuring plans to separate the powertrain manufacturing business into a dedicated powertrain entity, while vehicle manufacturing and sales operations will be integrated under a unified operating structure. The company said the move is intended to create clearer and more focused operational structures aligned with the distinct industrial requirements of each business segment. The company stated that…

04 May

Times Business Awards Recognizes Dibrugarh’s Samim Akhtara Ali for Excellence

Business BureauBusiness

Samim Akhtara Ali, a resident of Dibrugarh, was honoured with the prestigious “Excellence in Social Impact Leadership” award at the Times Business Awards – North East 2026, held on April 30 at Hotel Vivanta, Guwahati. This recognition was conferred in appreciation of her long-standing contributions to social service, women’s empowerment, and her unwavering support for underprivileged communities across Northeast India. Through her humanitarian initiatives, she has consistently stood beside the poor, visually impaired individuals, and flood-affected families, creating a meaningful and positive impact on society. Samim Akhtara Ali is the second daughter of late Rahmat Ali, a senior journalist from…

04 May

HPCL tightens LPG vigilance as nationwide cylinder deliveries cross 404 lakh

Business BureauBusiness

Hindustan Petroleum Corporation Limited has intensified its vigilance and enforcement measures across India as LPG demand continues to rise, with the company delivering 404 lakh LPG cylinders between April 1 and May 2, 2026. The company said 12.3 lakh cylinders were delivered on May 2 alone, reflecting strong nationwide demand and operational capacity. HPCL said it carried out 6,424 inspections across its LPG distribution network between March 14 and May 2. The company also conducted 664 raids, registered 44 FIRs, and seized 4,155 LPG cylinders to prevent diversion and misuse. Action was initiated against 177 distributors, including the suspension of…

04 May

Bajaj Auto Reports 83% Jump in International Shipments

nanika EditorBusiness

Bajaj Auto Ltd has reported a stellar start to the month of April, with total sales jumping an impressive 40 per cent year-on-year. The company dispatched a total of 513,792 units this month, a significant leap from the 365,810 units recorded during the same period in 2025. This performance signals a robust recovery and an aggressive expansion strategy across both its two-wheeler and commercial vehicle segments. The primary engine of this growth was the company’s export division. Total exports grew by a staggering 83 per cent, reaching 265,582 units compared to 145,195 units in the year-ago month. Within this category,…

04 May

Bandhan Innovation Fund completes two years, bets big on India’s innovation-driven companies

Business BureauBusiness

Bandhan Mutual Fund has said its Bandhan Innovation Fund has completed two years of investing in innovation-led businesses, focusing on companies driving long-term growth through technology, research and differentiated business models. Launched with a specialised mandate, the fund invests in firms with strong research and development spending, high-skilled employee intensity, differentiated products and services, non-linear business models and strong brand presence. The strategy aims to identify businesses whose growth is driven more by innovation cycles than traditional economic or commodity cycles. Prateek Poddar, Fund Manager of the fund, said innovation has become a key factor for companies seeking durable competitive…