Business - The Purbottar

04 Jun

Tata Motors Reports 76,766 units sold in May 2024

Business BureauBusiness

In May 2024, Tata Motors Limited's sales in both domestic and international markets increased to 76,766 vehicles, a significant increase from May 2023 sales of 74,973 units. The domestic sales performance showed a 2% increase from May 2024 to May 2023, with total sales of 75,173 and 73,448 respectively. With 28,476 cars sold in May 2024 compared to 27, in May 2023, there was a 3% rise in the rate of growth for domestic commercial vehicles between May 2024 and May 2023. The total sales of commercial vehicles in May 2024 and May 2023 were 29,691 and 28,989 respectively, indicating…

04 Jun

TKM Achieves Record Growth of 25,273 Units in May 2024

Business BureauBusiness

Toyota Kirloskar Motor (TKM) experienced a steady performance, with sales of 25,273 units in May 2024, indicating robust growth. This represents a Year-on-Year growth of 24% compared to May 2023, when the company sold 20,410 units. In the month of May, domestic sales reached 23,959 units, complemented by an additional 1,314 units exported. The company also posted a growth of 23% over the month of April’ 2024, which saw sales of 20,494 units.This achievement also marks a notable 48% surge in the first five months of CY 2024, with total sales reaching 1,22,776 units, up from 82,763 units in the…

04 Jun

Tata Tea’s President Puneet Das promotes sustainable practices on World Environment Day

Business BureauBusiness

Mr. Puneet Das, President - Packaged Beverages (India and South Asia), Tata Consumer Products, has emphasized its commitment to combating climate change and ensuring a habitable planet for future generations. The company's Jaago Re campaign, launched in 2007, has been a movement addressing issues such as corruption and COVID-19 awareness. Tata Tea's dedication to using its platform for social good remains unwavering, reflecting its dedication to addressing pressing issues like climate change. The current edition of Tata Tea Jaago Re is based on the basic parenting insight of protecting children and ensuring a better future. The campaign aims to create…

04 Jun

Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Recorded 10% increment year-on-year

editorBusiness, News

Mumbai: Gross goods and services tax (GST) revenue for May 2024 stood at ₹1.73 lakh crore. This represents a 10 percent year-on-year increase, driven by strong growth in domestic transactions (up 15.3%) and a slowdown in imports (down 4.3%). After accounting for refunds, the net GST revenue for May 2024 is ₹1.44 lakh crore, showing a growth of 6.9% over the same period last year. The gross GST collection in the financial year 2024-25 till May 2024 stood at ₹3.83 lakh crore. This represents an impressive growth of 11.3% year-on-year, driven by strong growth in domestic transactions (up 14.2%) and…

03 Jun

Medtronic announces Mandeep Singh Kumar as the new Vice President

Business BureauBusiness

India Medtronic Private Limited has appointed Mandeep Singh Kumar as the new Vice President and Managing Director of India Medtronic Pvt. Ltd. starting May 2024. He succeeds Michael Blackwell who has moved back to the US to pursue new opportunities. Assuming this position, he will oversee sales, marketing, and commercial operations for Medtronic’s business in India. Mandeep Singh Kumar, with 25 years of experience, has successfully led growth and business transformations in healthcare, pharmaceutical, and med-tech sectors, specializing in strategy development, execution, commercial excellence, and global team building. “It gives me immense pleasure to commence a new journey with Medtronic,…

03 Jun

Hero MotoCorp announces Splendor+ XTEC 2.0: A blend of tradition and innovation

Business BureauBusiness

Hero MotoCorp has introduced the latest iteration of its iconic Splendor series - the Splendor+ XTEC 2.0. This unveiling commemorates the 30th anniversary of the world's top-selling motorcycle, marking a significant milestone in the company's journey.Retaining its timeless design, the Splendor+ XTEC 2.0 integrates cutting-edge technology, setting new standards in the segment. Boasting premium features, this motorcycle includes LED headlights with HIPL (High Intensity Position Lamp) and a distinctive H-shaped signature tail lamp, enhancing both aesthetics and safety on the road. With a remarkable fuel efficiency of 73 kmpl, it promises an economical and eco-friendly ride. Incorporating advanced tech features,…

03 Jun

Amul milk price hikes due to cost of operation & production in the country

editorBusiness

The Gujarat Cooperative Milk Marketing Federation (GCMMF) has announced that Amul milk price is increased by Rs 2 per litre, due to overall cost of operation and to compensate farmers for their increased cost of production. The GCMMF issued notice saying, "This price hike is being done due to an increase in the overall cost of operation and production of milk. Our member unions have also increased farmers’ compensation by approximately 6-8 per cent over the last one year." Further, the Amul milk price hike will be effective by today, Monday over nationwide.

01 Jun

MASSH organizes a Urology Camp in Siliguri

Business BureauBusiness

A kidney stone and urology camp organized by MASSH Super Speciality Hospital has brought advanced medical solutions to Siliguri, providing critical care to numerous patients in the region. Held at Vanya Healthcare Clinic, this initiative demonstrated MASSH's commitment to extending specialized healthcare services beyond the national capital.The camp, led by Dr. Ankit Goel, Head of Urology, Andrology & Uro-Oncology at MASSH, introduced innovative urological treatments to an underserved area. Patients who previously lacked access to such advanced care benefited immensely, receiving services that included complex surgeries at discounted rates and travel assistance. Highlighting the camp's impact, two success stories emerged.…

01 Jun

Bank credit increment 15.3% in April: RBI

editorBusiness, News

The Reserve Bank of India (RBI) said the banking sector recorded higher credit growth in the first month of FY24, led by an increase in advances to the agriculture sector.On a year-on-year basis, non-food bank credit grow by 15. %3 in April compared with 16.2% growth a year earlier. In absolute terms, bank non-food credit stood at Rs 159.55 lakh Crore in April compared to Rs 138.38 lakh Crore in April 2023.RBI's sectoral deployment of bank credit for April 2024 showed that credit to agriculture and allied activities increased to 19.7% in April 2024 from 16.8% a year ago.Growth in…

01 Jun

Utkarsh Small Finance Bank hits 900th outlet milestone, bolsters presence in Jharkhand

Business BureauBusiness

Utkarsh Small Finance Bank Limited (Utkarsh SFBL) celebrates a significant achievement with the inauguration of its 900th banking outlet in Khunti, Ranchi, Jharkhand. As part of its ongoing expansion strategy, the bank also unveiled seven additional outlets today across Bihar, Jharkhand, and Uttar Pradesh, bringing its nationwide network to an impressive 903 branches. The newly launched Khunti branch exemplifies Utkarsh SFBL's commitment to providing comprehensive financial solutions to communities. Residents will have access to a diverse range of banking services, including savings and current accounts, fixed and recurring deposits, and an array of loan products tailored to meet individual and…