Business - The Purbottar

14 Aug

Bajaj General Insurance launches Pro Shield for defence personnel, unveils enhanced VPAY 2.0

Business BureauBusiness

Bajaj General Insurance Limited, formerly Bajaj Allianz General Insurance Company Limited, has launched ProShield, a packaged motor insurance solution for defence personnel, along with the enhanced VPAY 2.0, its next-generation motor insurance offering aimed at connected vehicles and evolving mobility risks. ProShield addresses the distinctive requirements of military life, including frequent relocations and vehicle movement between postings. The product provides vehicle relocation protection, including policy extensions for vehicles transported through licensed carriers, eligible No Claim Bonus protection, travel emergency cover for missed flights and hotel expenses following vehicle accidents, and assistance for replacing lost driving licences and registration certificates for…

14 Aug

Tata Sons chairman N Chandrasekaran to step down in February 2027, succession process begins

Business BureauBusiness

N Chandrasekaran, Chairman of Tata Sons Private Limited, has decided not to offer himself for re-appointment when his current tenure ends on February 20, 2027, the Sir Dorabji Tata Trust said on Thursday. The Trust said its nominee directors received an email from Chandrasekaran on August 12 conveying his decision. The Sir Dorabji Tata Trust respected the decision and placed on record its appreciation for Chandrasekaran’s contribution and stewardship of Tata Sons and the Tata Group over the past decade. The Trust said Chandrasekaran made an “immense contribution” during a period marked by significant change, growth and transformation across the…

14 Aug

Avik Chatterjee takes charge as CEO of Speciality Restaurants, eyes new formats and Mumbai expansion

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Speciality Restaurants Limited has elevated Avik Chatterjee as Chief Executive Officer, effective from the first quarter of FY27. Chatterjee, who previously served as Executive Director – Innovation & New Formats, will oversee the company’s portfolio of brands and restaurant operations across India and international markets. A second-generation entrepreneur, Chatterjee has been closely associated with the company’s flagship Mainland China brand, founded by his father and Chairman & Managing Director Anjanmoy Chatterjee. In his new role, he will focus on strengthening existing brands, expanding into new markets, developing new concepts and improving operational efficiency. The company’s portfolio includes Mainland China, Oh!…

14 Aug

Indian Bank conducts financial literacy camps and CSR activities in West Bengal

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Indian Bank conducted financial literacy camps and Corporate Social Responsibility (CSR) activities across West Bengal on August 10 as part of its 120th Foundation Day fortnight celebrations. Shri Ashutosh Choudhury, Executive Director, Indian Bank, inaugurated a financial literacy camp at Derozio Memorial College in Rajarhat and addressed the gathering. During the programme, he also handed over skill development kits to beneficiaries under the bank’s CSR initiatives. Shri Neelmani Bhardwaj, Field General Manager-Kolkata, along with other officials and staff members of Indian Bank, was present at the event. The financial literacy initiative is aimed at creating greater awareness among communities about…

14 Aug

Indian Overseas Bank contributes ₹50 lakh to Assam flood relief fund

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Indian Overseas Bank (IOB) has contributed ₹50 lakh to the Assam Chief Minister’s Relief Fund under its Corporate Social Responsibility (CSR) initiative to support flood-affected communities and ongoing relief and rehabilitation efforts in the state. A delegation from IOB’s Guwahati Regional Office presented the contribution to Assam Chief Minister DrHimantaBiswaSarma. The delegation included Chief Regional Manager Rajiv Kumar, Assistant General Manager Anurag Singh Kshatriya and Chief Manager Pushkar Singh. IOB Managing Director and CEO Ajay Kumar Srivastava said the bank stood in solidarity with the people of Assam during the crisis. He said the contribution was aimed at strengthening the…

14 Aug

Bosch Power Tools expands customer support footprint with new experience centre in Kolkata

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Bosch Power Tools India, in partnership with Concentrix, has inaugurated a new User & Customer Care (UCC) Centre in Kolkata, strengthening the power tools maker’s focus on customer experience and digital support capabilities. The new centre is designed to provide faster, seamless and consistent customer support through advanced digital capabilities and artificial intelligence-driven solutions. The partnership brings together Bosch’s market presence and Concentrix’s customer experience expertise to strengthen channel relationships, identify new growth opportunities and deliver measurable business outcomes. Sanmay Dasgupta, Regional President, Bosch Power Tools India & SAARC, said the centre represents an investment in the future of customer…

14 Aug

Tata Motors clocks 23% revenue growth in Q1, commercial vehicle volumes surge 26%

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Tata Motors Ltd. reported a strong first quarter for FY27, with standalone revenue rising 23% year-on-year to ₹19,329 crore and EBITDA increasing 17% to ₹2,300 crore, despite severe commodity-cost pressures. PBT before exceptional items rose 26% to ₹2,057 crore, while profit after tax stood at ₹1,500 crore. The commercial vehicle maker generated ₹1,114 crore in free cash flow during the quarter, an improvement of ₹2,910 crore from Q1 FY26. Domestic business net cash stood at ₹7,100 crore after a ₹1,473-crore dividend payout, while consolidated revenue grew 19% to ₹20,667 crore and consolidated PAT jumped 83% to ₹2,600 crore, aided by…

13 Aug

Bata India posts 23% rise in Q1 profit on premiumisation, volume growth

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Bata India reported a 23% year-on-year rise in profit after tax (PAT) to Rs. 637 million for the quarter ended June 30, 2026, compared with Rs. 517 million in the corresponding quarter last year, as the footwear major continued its growth momentum for the third consecutive quarter. Revenue rose around 4% year-on-year to Rs. 9,789 million in Q1 FY27. Profit before tax excluding one-offs increased over 22% to Rs. 906 million from Rs. 745 million. One-off expenses included a Rs. 27 million non-cash forex loss on licence fees and Rs. 24 million towards one-time ERP implementation costs. Operating cash profit…

12 Aug

After US Case Dismissal, Adani Highlights Trust, Values and Commitment

nanika EditorBusiness

Adversity Strengthened Faith in Rule of Law, Says Gautam Adani Adani Group Chairman Gautam Adani said the recent dismissal of the US criminal case against him and his nephew Sagar Adani reinforced his faith in the rule of law and strengthened his belief in upholding commitments during difficult times. Speaking to employees and partners, Adani said the experience left him with humility rather than a sense of triumph. Reflecting on the challenges faced by the group since the Hindenburg Research allegations in 2023, he highlighted the importance of values, trust and responsible decision-making. He recalled the group’s decision to withdraw…

12 Aug

IndiaFirst Life launches GOLD Term Plan with whole-life cover, wellness and family benefits

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IndiaFirst Life Insurance Company Limited on Tuesday launched the IndiaFirst Life GOLD Term Plan, a protection-focused insurance product combining life cover, wellness services and family-oriented benefits. The plan offers customers a choice between Life Cover and Life Cover with Return of Premium. Under the Life Cover option, policyholders can extend protection up to 99 years of age. The product also provides Soulmate Protection, offering additional life cover for the spouse in the event of the policyholder’s death. A Smart Exit Option allows eligible customers to exit during a specified period and receive 100% of premiums paid, subject to policy terms…