Business

12 Aug

United Breweries commits Rs 1 crore to Assam flood relief as recovery efforts continue

Business BureauBusiness

United Breweries Limited (UBL), part of the HEINEKEN Company, has contributed Rs 1 crore towards Assam’s flood relief efforts, supporting the state government’s ongoing rehabilitation and recovery work for affected communities. UBL Managing Director and Chief Executive Officer Vivek Gupta handed over the contribution to Assam Chief Minister HimantaBiswaSarma during a meeting in Guwahati on Tuesday. The funds will support relief and rehabilitation measures for communities impacted by this year’s floods, which have displaced families and caused damage to homes, farmland and local infrastructure across several districts. Gupta said Assam has remained an important part of UBL’s journey, with Kingfisher…

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12 Aug

Eveready takes ‘Chalo SHOR Machate Hai’ campaign to Darbhanga farmers

Business BureauBusiness

Eveready Industries India Ltd. has taken its rural consumer outreach campaign, ‘Chalo SHOR Machate Hai!’, to Benipur Mandi in Darbhanga, Bihar, showcasing its Shor Torch DL190 through live demonstrations and interactive engagements. The two-day activation, which began on August 10, aims to familiarise farmers with the rechargeable torch’s crop-protection features designed to help deter animal intrusion into agricultural fields. The Shor Torch DL190 comes with a 100 dBA animal alarm, a 5W front torch with a 1-km beam, a 3W side light and red UV strobe functionality. It is powered by a 3,600 mAh rechargeable Li-ion battery with Type-C fast…

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12 Aug

HP India launches OmniPad 12 at Rs 48,999, targets students and mobile professionals

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HP India has announced the availability of the HP OmniPad 12, an India-first 2-in-1 device aimed at students, first-time users, MSMEs and young professionals seeking laptop-like productivity with tablet portability.The device features a detachable keyboard, allowing users to switch between a touch-based tablet and laptop-style setup. It is powered by Qualcomm Snapdragon processors and runs on Android 16. The OmniPad 12 sports a 12-inch 2K multi-touch display with a 16:10 aspect ratio, up to 400 nits brightness and a refresh rate of up to 90Hz. The device offers up to 18 hours of battery life and weighs 600 grams in…

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12 Aug

Bandhan Mutual Fund launches contra fund to target undervalued opportunities

Business BureauBusiness

Bandhan Mutual Fund has announced the launch of the Bandhan Contra Fund, an open-ended equity scheme that follows a contrarian investment strategy aimed at identifying fundamentally strong companies that are temporarily out of favour due to market sentiment, sectoral challenges or macroeconomic uncertainties. The New Fund Offer (NFO) will open on August 10 and close on August 24, with investments available through mutual fund distributors, online platforms and the fund house's direct platform. The fund seeks to capitalise on businesses that have the potential for valuation re-rating as earnings improve and investor perception changes over time. According to the asset…

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12 Aug

Redmi Note 17 launched with 8,000mAh battery, 120Hz AMOLED display at Rs 24,999

Business BureauBusiness

Xiaomi India on Tuesday launched the REDMI Note 17 5G, featuring the brand’s biggest-ever 8,000mAh silicon-carbon battery, a 120Hz TrueColour AMOLED display and Snapdragon 4 Gen 4 processor. The company said the smartphone is designed to deliver up to three days of typical usage while retaining a slim 8.4mm profile. The device supports 45W turbo charging, with the charger included in the box, along with 22.5W reverse wired charging. Its battery is rated to retain up to 80% health after 1,600 charging cycles. The 6.9-inch AMOLED display offers 100% DCI-P3 colour gamut, up to 1,800 nits peak brightness and a…

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12 Aug

JSW MG Motor India marks Hector’s seventh anniversary with benefits up to Rs 60,000

Business BureauBusiness

JSW MG Motor India has announced a limited-period Anniversary Programme to mark seven years of the MG Hector in India, offering customers benefits of up to Rs 60,000 on eligible bookings made during August 2026. The programme includes exchange benefits, loyalty rewards, corporate benefits and anniversary discounts across the MG Hector range. The All-New MG Hector, launched earlier this year with refreshed styling, upgraded technology and enhanced comfort features, starts at Rs 11.99 lakh (ex-showroom). Customers can also avail 100% on-road price funding for tenures of up to 84 months, along with 100% funding support on accessories. VinayRaina, Chief Commercial…

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11 Aug

SEBI Steps Cut Retail Losses as F&O Trading Rules Tighten

nanika EditorBusiness

Regulatory measures introduced by the Securities and Exchange Board of India (SEBI) helped reduce the aggregate net losses of retail investors in the equity derivatives segment to ₹91,685 crore in FY26, down from ₹1.12 trillion in the previous financial year, Parliament was informed on Tuesday. The government said SEBI has introduced several measures since November 2024 to strengthen the futures and options (F&O) market and address risks faced by retail investors. These measures have contributed to a decline in the number of retail participants, their overall losses and trading volumes in the equity derivatives segment. Key steps include rationalising weekly…

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11 Aug

SBI posts highest-ever quarterly profit of ₹21,121 crore in Q1FY27

Business BureauBusiness

State Bank of India (SBI) on Friday reported its highest-ever quarterly net profit of ₹21,121 crore for the April-June quarter of FY27, registering a 10.23 per cent year-on-year growth, driven by higher operating profit, strong credit growth and lower credit costs. The country's largest lender also posted a 9.77 per cent rise in operating profit to ₹33,529 crore, while net interest income (NII) grew 14.88 per cent to ₹46,992 crore. The bank's total business crossed the ₹110 lakh crore milestone during the quarter, with deposits exceeding ₹60 lakh crore and advances crossing ₹50 lakh crore. Whole bank advances grew 18.63…

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11 Aug

Turkish Airlines carries 9.5 million passengers in July, load factor reaches 86.5%

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Turkish Airlines carried 9.5 million passengers in July 2026, recording a total load factor of 86.5%, as the airline continued to see growth in passenger and cargo traffic. According to the airline’s July traffic results, international load factor stood at 86.2%, while domestic load factor was 89.1%. Available seat kilometres (ASK) rose 2.7% year-on-year to 25.7 billion during the month, compared with 25 billion in July 2025. Cargo and mail volumes also increased 4.9% to 203.1 thousand tonnes. For the January-July 2026 period, Turkish Airlines carried 54 million passengers, up 5.4% from the corresponding period last year. Total load factor…

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11 Aug

Kotak launches hybrid home loan with rate lock of up to 65 months

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Kotak Mahindra Bank on Monday launched a Hybrid Home Loan that allows eligible borrowers to lock their home loan interest rate and EMI for 39, 52 or 65 months, offering protection against Repo Rate-linked increases during the selected fixed-rate period. The product is designed to give homebuyers greater visibility over household finances during the initial years of home ownership, when families may also be managing expenses related to interiors, education, savings and other commitments. After the fixed period, the loan will automatically shift to a floating-rate structure linked to the Repo Rate plus a predefined spread disclosed at the time…

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