Business - The Purbottar

15 Jun

Indian Currency Hits Multi-Week High of 94.68 Per Dollar as Crude Pressures Ease on U.S.-Iran Pact

anuprova EditorBusiness

The Indian rupee registered a powerful recovery in early trading on Monday, June 15, 2026, strengthening to its highest level since May 8 by hitting 94.68 against the US dollar. The decisive surge comes as a direct consequence of a breakthrough diplomatic agreement between the United States and Iran, which effectively implements an immediate ceasefire and ensures the reopening of the strategic Strait of Hormuz. This monumental geopolitical de-escalation triggered a massive 5% plunge in global crude oil prices, dragging international benchmark Brent crude below the $84 per barrel threshold. For an import-dependent economy like India, which relies heavily on…

15 Jun

Malabar Gold & Diamonds reimagines natural diamonds with innovation-led Nuwa collection

anuprova EditorBusiness

Malabar Gold & Diamonds has unveiled NUWA, a new natural diamond jewellery collection that showcases how design innovation and creative craftsmanship are reshaping the premium jewellery industry. Inspired by nature’s finest creations, the collection draws from intricate patterns and textures found in stripes, honeycombs, fluid formations and organic structures shaped by the earth. The company has transformed these natural elements into contemporary jewellery designs aimed at consumers seeking individuality and modern luxury. Crafted in 18kt and 14kt gold, NUWA combines natural diamonds with coloured gemstones, ceramic colour enamelling and multi-tone rhodium finishes. The use of diverse materials and finishing techniques…

15 Jun

Malabar Gold & Diamonds bets on premium natural diamonds with Nuwa launch

Business BureauBusiness

Malabar Gold & Diamonds has expanded its premium jewellery portfolio with the launch of NUWA, a natural diamond collection inspired by nature’s intricate patterns and textures, as the company seeks to strengthen its position in the growing luxury jewellery segment. The collection draws inspiration from nature’s finest creations, including stripes, honeycombs, fluid formations and organic patterns shaped by the earth. Crafted in 18kt and 14kt gold, NUWA features natural diamonds enhanced with coloured gemstones, ceramic colour enamelling and multi-tone rhodium finishes, reflecting a blend of craftsmanship, design innovation and global styling trends. According to the company, the collection has been…

13 Jun

Tetley bets on L-Carnitine-infused green tea to tap wellness market

Business BureauBusiness

As demand for wellness-focused beverages continues to rise, Tetley is positioning its Green Tea Slim Care range as a functional drink designed to support consumers pursuing weight management through everyday lifestyle choices. The product combines premium green tea with added L-Carnitine, a nutrient involved in energy production and fat utilisation. L-Carnitine plays a role in transporting long-chain fatty acids into the mitochondria, where they are converted into energy. The nutrient occurs naturally in foods such as dairy products and is also synthesised by the body from the amino acids lysine and methionine. Scientific evidence suggests that L-Carnitine can support the…

13 Jun

HDFC Bank Closes In on Former RBI Regulator for Top Chairman Post

anuprova EditorBusiness

HDFC Bank’s board has narrowed down its high-stakes search for a permanent non-executive chairman, zeroing in on a former Reserve Bank of India (RBI) deputy governor to lead India’s largest private-sector lender. The nomination process has gained rapid momentum as the bank prepares to formally submit its preferred candidate to the banking regulator for final approval. The search committee deliberately favored a candidate with extensive experience in banking oversight and supervisory frameworks. This strategic move aims to restore market confidence and provide institutional stability following the abrupt, high-profile resignation of former chairman Atanu Chakraborty, who stepped down over sudden governance…

12 Jun

Turkish Airlines wins Europe’s best in-flight dining award for fifth time

Business BureauBusiness

Turkish Airlines has been named the Best Food & Beverage Airline in Europe at the 2026 APEX Best Airline Awards, marking the fifth time the carrier has received the prestigious recognition. The award was presented during the APEX Awards Ceremony held in Dublin, Ireland, on June 10 as part of the Future Travel Experience EMEA, Ancillary & Retailing Event. The award was based on verified passenger feedback collected in partnership with TripIt by Concur. More than one million flights operated by over 600 airlines worldwide were evaluated during the 2026 assessment period. Passengers rated airlines across categories including seat comfort,…

12 Jun

AM/NS India, BITS Pilani celebrate first MBA batch in manufacturing management

Business BureauBusiness

ArcelorMittal Nippon Steel India (AM/NS India) has marked a major milestone in its capability-building journey with the graduation of the inaugural batch of its MBA in Manufacturing Management programme, developed in partnership with BITS Pilani. The convocation ceremony was held at AM/NS India’s flagship Hazira plant on Thursday and was attended by Surat Police Commissioner Anupam Singh Gahlaut as the chief guest. The programme builds on the success of the company’s B.Techprogramme in Process Engineering and reflects its continued focus on developing a future-ready workforce through Work Integrated Learning Programmes (WILP). The customised MBA programme was designed to address the…

12 Jun

Tetley taps wellness beverage market with L-Carnitine-infused green tea

Business BureauBusiness

Tetley, owned by Tata Consumer Products, is sharpening its focus on India's expanding wellness beverage market by promoting the benefits of L-Carnitine-infused green tea as part of everyday weight management and healthy living routines. The company said L-Carnitine plays an important role in energy production by transporting long-chain fatty acids into the mitochondria, where they are utilised for fat metabolism and energy generation. The nutrient occurs naturally in dairy products and is also synthesised by the human body from the amino acids lysine and methionine. According to scientific evidence cited by Tetley, L-Carnitine can support the utilisation of stored body…

12 Jun

MSDE launches SARTHI to accelerate reforms in India’s ITI network

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) is set to convene the first meeting of the Strategic Advisory and Reforms Taskforce for Holistic ITI Transformation (SARTHI) on June 12 at Vigyan Bhavan, New Delhi, as part of efforts to modernise India’s vocational training ecosystem and strengthen industry-ready workforce development. The meeting will be chaired by Shri Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education, and will bring together senior representatives from the Central and State Governments, industry bodies, regulatory institutions and the wider skilling ecosystem.SARTHI has been established as…

12 Jun

Skill India completes 12 years, expands skilling ecosystem across the country

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) on Thursday marked twelve years of Skills, Scale and Transformation, highlighting the growth of one of the world's largest skilling ecosystems and its contribution to India's vision of Viksit Bharat 2047. The ministry said it has built a comprehensive framework integrating vocational education, industry-led training, apprenticeships, entrepreneurship development, digital skilling and international workforce mobility. Over the past decade, the number of Industrial Training Institutes (ITIs) has increased from 9,776 in 2014 to more than 13,888 across the country. More than 56.08 lakh apprentices have been engaged since 2016, while over 1.64 crore…