Business - The Purbottar

17 Jan

Penang Roadshow 2025 targets Indian market with direct flights and visa-free travel

Business BureauBusiness

The Penang Convention & Exhibition Bureau (PCEB) has launched the 8th Edition of its “Discover Penang” roadshow, targeting India’s booming tourism and business event markets. Running from January 13 to 20, the roadshow spans Mumbai, New Delhi, Kolkata, and Chennai, drawing 200 buyers and 30 media representatives in each city. Key highlights include IndiGo Airlines’ new direct flight between Penang and Chennai, enhancing connectivity for passengers from 32 Indian cities, including Kolkata. This development simplifies travel for leisure and business travelers, offering a 30kg baggage allowance and boosting access to Penang’s diverse attractions. Additionally, Malaysia’s visa exemption for Indian nationals…

16 Jan

Isuzu Motors unveils D-MAX BEV prototype at Bharat Mobility Expo 2025

Business BureauBusiness

Isuzu Motors India marked a new milestone in sustainable mobility by unveiling the prototype of its Battery Electric Vehicle (BEV), the D-MAX BEV, at the Bharat Mobility Expo 2025. First introduced in Thailand, the concept vehicle showcases a blend of innovation and reliability, designed to cater to diverse commercial and passenger needs. Equipped with a full-time 4WD system and advanced e-Axles, the D-MAX BEV ensures robust performance on rugged terrains while delivering linear acceleration and high towing capacity. Its design reinforces Isuzu's commitment to building future-ready solutions without compromising on the durability and toughness synonymous with its pickups. Alongside, the…

16 Jan

Trident Group launches Karamyogi drive to recruit 3,000 skilled workers nationwide

Business BureauBusiness

Trident Group, a leading global conglomerate, has announced its ambitious Karamyogi Recruitment Drive, aiming to hire 3,000 skilled individuals across India. This initiative highlights the company's commitment to socio-economic development and aligns with its vision for a “Viksit Bharat” (Developed India). The recruitment drive will prioritize regions such as Madhya Pradesh (Budhni) and Punjab (Dhaula and Sanghera), with a focus on empowering women and candidates from sports backgrounds. By providing direct employment to 3,000 individuals, Trident Group aims to indirectly uplift over 15,000 family members, contributing significantly to local economies and national GDP growth. In Guwahati, the recruitment initiative has…

16 Jan

META 2025 deadline extended to January 30; invites theatre practitioners to compete for top honors

Business BureauBusiness

The 20th Mahindra Excellence in Theatre Awards (META) has extended its submission deadline to January 30, 2025, inviting theatre practitioners nationwide to compete for top honors. META, renowned for its inclusivity and innovation, will host its landmark edition at New Delhi’s Kamani Auditorium and Shri Ram Centre, celebrating two decades of theatrical excellence. The awards recognize achievements in diverse categories, including Best Play, Best Director, and Best Actor. Over 400 entries are received annually, with the top ten selected for live performances judged by a distinguished panel. This year’s milestone edition aims to set new benchmarks in showcasing the transformative…

16 Jan

Advantage Assam 2.0 Summit to drive regional growth and global investment partnerships

Business BureauBusiness

In a bid to further enhance Assam's economic landscape, Chief Minister Himanta Biswa Sarma has spearheaded efforts to position the state as a prime investment destination, ahead of the highly anticipated Advantage Assam 2.0 Summit. Scheduled for February 25-26, 2025, the summit is expected to be a key event in attracting global investments and strengthening Assam's economic ties with the ASEAN, BIMSTEC, and European Union regions. The Assam government has already begun its global outreach, with high-level delegations traveling to key international markets. The campaign kicked off with successful roadshows in Mumbai and Delhi, followed by a major push in…

16 Jan

Wholesale inflation jump to 2.37% in December

Priyanka RoyBusiness, News

India's wholesale inflation rose in December, led by a surge in prices of various commodities. The wholesale price index rose 2.37% in December, compared to 1.89% in November, according to data released by the Ministry of Commerce and Industry on Tuesday. On a sequential basis, the index declined 0.38%, compared to a 0.5% decline in the previous month. Global commodity prices have risen slightly so far in January 2025 compared to December 2024. ICRA Chief Economist Aditi Nayar said the average price of the Indian basket of crude oil rose 5.8% month-on-month during January 1-13, 2025, especially amid tighter US…

15 Jan

Trent shares upsurge nearly 5% after Elara Securities assigns ‘buy’ rating

Priyanka RoyBusiness, News

Trent shares rose 4.89 percent to Rs 6,519 per share on January 15 after Elara Securities recommended a "buy" on the stock.Elara Securities has initiated coverage on Trent with a "buy" rating and a target price of Rs 8,500. The brokerage expects Trent to maintain industry-leading metrics due to differentiated product offerings, strong hold on processes and complete reliance on private labels.Trent's fashion portfolio consistently outperforms its peers in key parameters such as store size, revenue per sq ft/per store and EBITDA margin, as well as leading in headline growth.This outperformance is expected to be sustained by a firm focus…

15 Jan

Toyota Kirloskar Motor launches T-TEP and STAR scholarship program in Mizoram to foster skill development

Business BureauBusiness

Continuing its commitment to the nation’s ‘Skill India’ and ‘Make in India’ missions, Toyota Kirloskar Motor (TKM) has announced the launch of its 67th Toyota Technical Education Program (T-TEP) and the “Scholarship program for Technical Education and Recognition” [STAR] initiative under T-TEP at Government Industrial Training Institute (ITI), Aizwal, Mizoram. Reaffirming TKM’s unwavering commitment to fostering skill development and enhancing employability opportunities across the area. The initiative is a collaboration between TKM, the Government of Mizoram, and dealership partner Zote Toyota, underscoring their shared commitment to enhancing youth employability and fostering skill development. The launch event was graced by Chief…

14 Jan

Adani Group stocks increase as Adani Power surges over 19%

Priyanka RoyBusiness, News

New Delhi: Adani Group stocks witnessed a significant surge on Tuesday, with Adani Power recovering from the previous day's fall to surge as much as 19.29%. Other stocks in the group that also registered gains included Adani Green Energy, which rose 14.54%, Adani Energy Solutions (14.38%), Adani Total Gas (13%), and NDTV (12.50%) on the Bombay Stock Exchange (BSE). Shares of Adani Enterprises rose 8.91%, Adani Ports surged 6%, Ambuja Cements rose 4.79%, ACC rose 4.50%, Sanghi Industries rose 4.22%, and Adani Wilmar gained 3%. All Adani Group stocks ended weak in Monday's trade following a weak trend in equities.…

14 Jan

UTI Flexi Cap Fund: A reliable option for long-term wealth creation

Business BureauBusiness

UTI Flexi Cap Fund, a flagship offering from UTI Mutual Fund, continues to stand out as a dependable investment option for long-term wealth creation. Launched in 1992, the fund has built a robust track record, with a corpus exceeding ₹26,000 crore as of December 31, 2024. Designed for investors seeking quality, growth, and valuation, the fund invests at least 65% of its assets across large-cap, mid-cap, and small-cap equities. The fund’s investment philosophy revolves around identifying high-quality businesses with strong Return on Capital Employed (RoCE) and Return on Equity (RoE), ensuring resilience even in challenging market conditions. With a focus…