Business - The Purbottar

01 Aug

Revolutionary leadless pacemaker enhances heart health with minimal invasion

Business BureauBusiness

In a groundbreaking advancement for cardiac care, the world's smallest pacemaker is set to transform treatment for bradycardia, a condition marked by an abnormally slow heart rate. Traditionally, patients with bradycardia required a bulky, battery-powered pacemaker implanted through a chest incision. This method involves risks such as bleeding, infection, and lead malfunction, with approximately 12% of patients experiencing complications. The new leadless pacemaker, the size of a vitamin capsule, represents a significant leap forward. Implanted directly into the heart via a vein in the leg, this device eliminates the need for wires and external leads, reducing the procedure's invasiveness and…

01 Aug

Mcap of BSE-listed companies hits all-time upsurge of Rs 462.38 lakh crore

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Reliance Industries, Tata Motors, Infosys, Mahindra & Mahindra, Bajaj Finance and Axis Bank were among the laggards.The market capitalization of BSE-listed companies rose to an all-time high of Rs 462.38 lakh crore on Wednesday, following four days of gains in the benchmark indices.The 30-share BSE Sensex closed 285.94 points or 0.35 percent higher at 81,741.34 - an all-time high.In the last 4 trading sessions, the BSE benchmark increment 408.62 points or 0.50 percent, giving investors rise of over Rs 5.45 lakh crore.Investor wealth rose by Rs 5,45,337.02 crore in the last four days to reach a record high of Rs…

31 Jul

Divine Solitaires partners with Vaani Kapoor for spectacular solitaire festival

Business BureauBusiness

Divine Solitaires is set to dazzle the nation with the third edition of The Solitaire Festival of India (TSFI), running from August 1-31. This year’s promotion, featuring actress Vaani Kapoor as the brand ambassador, promises to be the grandest yet. Kapoor, celebrated for her roles in hits like War and Shuddh Desi Romance, will bring her star power and extensive social media reach to enhance the festival's appeal. The TSFI 2024 will be held across more than 200 partner jeweller stores nationwide and online at Divine Solitaires. The month-long event will showcase exquisite solitaire jewellery collections and offer customers exclusive…

31 Jul

Flipkart launches ‘Flipkart Pay’ to streamline payments and fintech services

Business BureauBusiness

Flipkart has announced 'Flipkart Pay,' a new unified platform designed to integrate all of its payment and financial services into a single, user-friendly interface. This launch, timed just before the festive season, aims to enhance the shopping experience by offering a comprehensive suite of services including Flipkart UPI, bill payments, recharges, Flipkart Pay Later, the Flipkart Axis Bank co-branded credit card, insurance, gift cards, and EMIs. Since its entry into fintech with gift cards in 2013, Flipkart has progressively expanded its financial offerings, now serving over 4 million users with its co-branded credit card. The introduction of Flipkart Pay Later…

31 Jul

Filatex Fashions Ltd’s mining subsidiary secures $35 million export order

Business BureauBusiness

Filatex Fashions Ltd's mining subsidiary, Filatex Mines and Minerals Private Ltd, has received a substantial export order worth USD 35 million (Rs. 293 crore) from Bloomflora Ventures Limited. The order entails supplying 2,97,388 metric tonnes of white marble over seven years for hospital development projects in Africa.The Hyderabad-based company's Board of Directors recently appointed Mr. Sunil Agarwal as Additional Director and CEO, effective July 26, 2024. Agarwal, an expert in financial services and risk management, brings over a decade of experience to the role.In a bid to enhance market liquidity and broaden its shareholder base, Filatex Fashions Ltd has approved…

31 Jul

Adani Energy upsurge $1 billion through QIP issue

editorBusiness, News

The company had fixed the floor price of Rs 1,027 per share, which could allow a maximum discount of 5 per cent on the floor price.Adani Energy Solutions, the power transmission arm of Adani Group, has increased $1 billion (over Rs 8,300 crore) through a Qualified Institutional Placement issue.The issue was oversubscribed 3 times with a demand of about Rs 26,000 crore, the largest transaction in India's energy sector. The QIP issue price closed at Rs 1135 per share as against Rs 976 per share. Global investors including GQG, QIP, ADIA and some new US names participated in the issue.…

30 Jul

Acmes Drugs & Pharma IPO: Pharma company grew by ₹828.78 crore from anchor investors ahead of public offering

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According to the company's filing on the Bombay Stock Exchange (BSE), Ecums Drugs & Pharmaceuticals Ltd said the company has raised about ₹828.78 crore from anchor investors ahead of its initial public offering on Tuesday, July 30.The pharmaceutical manufacturing company on Monday, July 29, allotted 1,22,05,912 or 1.22 crore equity shares to its anchor investors at ₹679 per share, according to exchange filings.These included SBI Healthcare Opportunities Fund, SBI Conservative Hybrid Fund, International Growth and Income Fund, Smallcap World Fund, Abu Dhabi Investment Authority, DSP India Fund, IIFL Asset Management Ltd, BlackRock Emerging Frontiers Master Fund Ltd, BlackRock Global Funds…

30 Jul

Sony BBC Earth premieres ‘Planet Earth III’: A grand exploration of nature’s wonders

Business BureauBusiness

Sony BBC Earth is set to dazzle audiences with the premiere of ‘Planet Earth III,’ the latest installment in the acclaimed Planet Earth series. Scheduled to air on July 29, 2024, at 9:00 PM, this eight-part series, narrated by the legendary Sir David Attenborough, promises an unparalleled natural history experience filled with drama, humor, and breathtaking imagery. Produced by BBC Studios Natural History Unit, ‘Planet Earth III’ explores the challenges faced by wildlife in today’s densely populated world. It returns two decades after the original series, showcasing stunning locations in India, including teak forests where whistling wild dogs hunt and…

29 Jul

Shares of UltraTech Cement rise due to acquisition of India Cements; Check out the deal outline, industry impact, stock price outlook

editorBusiness, News

Share price of UltraTech Cement rose by over one per cent in early trade on Monday after the company announced the acquisition of 32.72% stake in India Cements. Meanwhile, share price of India Cements also rose by about 3% on BSE.Aditya Birla Group-owned UltraTech Cement said its board of directors has approved the acquisition of 32.72% equity stake of promoters and their associates in India Cements at ₹390 per share for ₹3,954 crore. This price is 4.1% higher than the closing price of India Cements shares of ₹374.60 last Friday.In June 2024, UltraTech had made a financial investment in South…

29 Jul

D’Decor announces Sansaar, featuring Ranveer Singh, with a focus on conscious living

Business BureauBusiness

D’Decor, a leader in home décor fabrics, has launched its new brand, Sansaar, which is dedicated to promoting conscious living. Sansaar is now available in 350 stores across 50 metro and non-metro cities, offering a wide range of mindfully crafted home décor fabrics.Ahead of this launch, Sansaar released a new TV commercial featuring Bollywood superstar Ranveer Singh, who is also the brand ambassador. The commercial, with the tagline "live consciously," highlights the brand's dedication to mindful living and portrays homes where every choice contributes to a positive impact on the environment.Sanjana Arora, Business Head of Sansaar, stated, “Sansaar takes pride…