Business - The Purbottar

02 May

KBC Global Ltd Welcomes Minerva Ventures Fund as New Shareholder

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US-based Minerva Ventures Fund has acquired a stake in KBC Global Ltd (Previously known as Karda Construction Limited) , a prominent player in the construction and real estate development sector. As per bulk deal data available on National Stock Exchange on 26 April 2024, Minerva Ventures Fund has bought 1% Equity (1 crore shares) of KBC Global Ltd at Rs. 2.05 per share. In the month of April 2024, board of directors considered and approved conversion of total 60 bonds into equity shares as per the terms and conditions of the issue of FCCB. The company has announced strategic expansion…

02 May

Mahindra launches the XUV 3XO, with prices starting from Rs. 7.49 Lakh

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India's top SUV manufacturer, Mahindra & Mahindra Ltd., has unveiled the XUV 3XO, starting at Rs. 7.49 Lakh. Setting new benchmarks in the compact SUV segment, the XUV 3XO combines standout design, premium interiors, comfortable ride, cutting-edge technology, thrilling performance, and unmatched safety. The XUV 3XO represents Mahindra's commitment to innovation and excellence, culminating in an SUV that truly represents #EverythingYouWantAndMore. The 3XO SUV features SkyroofTM, Dual Zone Climate Control, 65W USB-C charging, Electronic Parking brake with Auto Hold, 3 Smart Steering Modes, Level 2 ADAS (1R1V), Twin HD Screens (26.03 cm infotainment and 26.03 cm full digital cluster), Harman…

01 May

Indian Oil’s quarterly profit Downfall 52% due to inventory losses, low fuel prices

editor0 CommentsBusiness, Economy, India

Indian Oil Corporation (IOC) on Tuesday reported a 52 percent decline in fourth quarter profit as the company sold fuel below market prices due to inventory losses. While India is the world's third-largest oil importer and consumer, Indian Oil controls about a third of India's five million barrel-per-day refining capacity with its unit Chennai Petroleum. However, India has been buying increasingly cheaper Russian oil as discounts have fallen from $30 a barrel in 2022 to less than $10 this year, while refiners also cut fuel prices at the pumps ahead of this year's general elections. IOC reported a 52% decline…

30 Apr

Toyota Kirloskar Motor introduces New Grade of the Toyota Rumion

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Toyota Kirloskar Motor (TKM) has opened bookings for the New Grade G-AT of the Toyota Rumion and reopened E-CNG bookings. The newly launched G-AT variant is expected to further boost the market acceptance of the Rumion with its unmatched space and comfort, excellent fuel efficiency, stylish and premium exterior design. The New Grade G-AT, priced at Rs. 13,00,000 Ex-showroom. Bookings start on 29th April at Rs. 11,000/, and E-CNG bookings also reopen. The Toyota Rumion G-AT variant is powered by a 1.5-litre K series petrol engine with 6-speed Automatic Transmission, featuring Neo Drive (ISG) technology for responsive performance. The petrol…

30 Apr

UltraTech Cement Q4 net profit gain 35% to Rs 2,260 Crore

editor0 CommentsBusiness, Economy

UltraTech Cement Ltd on Monday reported 35.24% rise in consolidated net profit at Rs 2,258.58 Crore for the fourth quarter (Q 4) ended March 31, 2024. The foremost cement maker had posted a consolidated net profit of Rs 1,670.10 Crore in the January to March quarter. In the last financial year, according to a regulatory filing by UltraTech. Its revenue from operations increased by 9.41% to Rs 20,418.94 Crore during the period under review. It was Rs 18,662.38 Crore in the same period a year back. UltraTech's total expenses in the March quarter increased by 6.67% to Rs 17,381.09 Crore. The…

30 Apr

Tata Motors enters into a MoU with South Indian Bank

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Tata Motors, India's largest commercial vehicle manufacturer, has partnered with South Indian Bank to provide convenient financing solutions to its customers and dealerships. South Indian Bank will offer financing across the entire commercial vehicle portfolio, and customers will benefit from the bank's wide network and specially curated easy repayment plans. The alliance represents a significant stride towards providing enhanced support to dealerships, fostering growth, minimising collateral requirements, lowering rate of interest and streamlining credit processing. South Indian Bank offers exceptional dealer finance solutions, leveraging its extensive network and industry knowledge. It provides flexible, competitive financing, attractive interest rates, flexible terms,…

30 Apr

Almonds: The essential fuel for election season stamina

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As India gears up for its general elections, the hustle and bustle of political campaigning are in full swing. Amidst the fervor, the tireless dedication of party workers remains unwavering. With the country's political fate hanging in the balance, these individuals are at the forefront, tirelessly shaping the nation's future. In the midst of their relentless efforts, maintaining high energy levels is paramount. Enter almonds – nature's powerhouse of sustenance, offering a much-needed boost to keep these political warriors active and focused throughout the day. Packed with essential nutrients including protein, vitamin E, and magnesium, almonds provide a natural and…

29 Apr

Samsung reveals the Galaxy S23’s special pricing

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Samsung, India's largest consumer electronics brand, has announced an exciting offer on the Galaxy S23. Galaxy S23, originally priced starting INR 64999,will be available at an a never-seen before price of INR 44999 during Flipkart’s Big Saving Days sale. The Galaxy S23 is now available with a bank cashback of INR 2000, making it the best ever offer. The Galaxy S23 boasts a 50MP primary camera, 12MP ultra-wide camera, and 10MP telephoto camera with OIS & 3X optical zoom, along with a 12MP front-facing camera with Super HDR technology for cinematic night photography. It features the Snapdragon® 8 Gen 2…

29 Apr

Tata Motors sets the bar with Guwahati spare parts hub

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Tata Motors, India's premier commercial vehicle manufacturer, has introduced a groundbreaking spare parts warehouse in Guwahati, setting new benchmarks for innovation in the industry. Spanning an expansive 1 lakh square feet, this state-of-the-art facility integrates cutting-edge technology to optimize inventory management and streamline operations like never before. Equipped with advanced digital infrastructure, the warehouse boasts real-time inventory tracking systems and automated storage solutions, ensuring seamless availability of Tata Genuine spare parts for the entire commercial vehicle portfolio. This technological prowess enables faster turnaround times and enhances service efficiency, ultimately translating into enhanced customer satisfaction. In a strategic partnership with Delhivery,…

29 Apr

Toyota Kirloskar Motor’s ‘T GLOSS’ sets new standards in car care

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Toyota Kirloskar Motor Pvt. Ltd. (TKM) has unveiled "T GLOSS," an avant-garde car care brand marking its debut in the car detailing domain. Responding to the burgeoning demand for top-tier car detailing services in India, TKM aims to revolutionize the sector with tailor-made solutions exclusively crafted for Toyota vehicles. Commencing May 1, 2024, "T GLOSS" treatments will be rolled out across all authorized Toyota dealerships nationwide, ensuring seamless access to premium car care solutions coupled with professional service delivery. The brand introduces an extensive array of services encompassing ceramic coating, underbody coating, silencer coating, and internal panel protection, aimed at…