Business - The Purbottar

30 Jun

Godrej Properties Expands Chennai Presence with ₹500 Crore Residential Project

nanika EditorBusiness

Godrej Properties Limited (GPL) has acquired a 47-acre land parcel off the Old Mahabalipuram Road (OMR) in South Chennai to develop a plotted residential project with an estimated revenue potential of ₹500 crore. The company said the development is expected to offer approximately 1.2 million square feet of developable area, reflecting its continued focus on expanding in high-growth residential markets. Strategically located near OMR, the site offers strong connectivity to major employment hubs along the Siruseri–Kelambakkam corridor, including SIPCOT, as well as Vandalur, Guduvanchery and the broader Mahabalipuram region. The location is expected to benefit from improving infrastructure and rising…

30 Jun

Japanese Yen Sinks to Four-Decade Low, Raising Expectations of Market Intervention

anuprova EditorBusiness

The Japanese yen has weakened to its lowest level in nearly 40 years against the U.S. dollar, intensifying speculation that Japanese authorities could intervene in the foreign exchange market to stabilize the currency. The sharp decline has been driven by the widening interest rate gap between Japan and the United States, as the Bank of Japan continues to maintain relatively accommodative monetary policies while higher U.S. interest rates support the dollar. The yen's depreciation has increased the cost of imports, adding pressure on households and businesses facing higher prices for energy, food, and other essential goods. Market participants are closely…

30 Jun

Surging Share Sales Reflect India’s Smartphone-Driven Digital Investment Boom

anuprova EditorBusiness

India's recent wave of large share sales highlights the growing influence of smartphones in transforming the country's investment landscape. With millions of retail investors now accessing stock markets through mobile trading applications, companies have witnessed strong participation in public offerings, qualified institutional placements, and block deals. The widespread availability of affordable smartphones, faster internet connectivity, and user-friendly investment platforms has made equity investing more accessible than ever before, bringing a new generation of investors into the financial markets. This digital shift has significantly broadened the investor base, enabling individuals from smaller cities and towns to participate in capital market activities…

30 Jun

Personalized treatment helping early breast cancer patients lead normal lives, says expert

Business BureauBusiness

Advances in breast cancer diagnosis and treatment are enabling women with early-stage breast cancer to significantly reduce the risk of recurrence while continuing to lead active personal and professional lives, according to oncologists. Experts say a more personalized approach to treatment is helping patients balance medical care with work, family responsibilities and long-term life goals. While concerns about recurrence remain a major challenge for many women, doctors note that recurrence risk varies from patient to patient depending on factors such as tumour size, lymph node involvement, hormone receptor status, HER2 status and other biological characteristics. Understanding these factors allows clinicians…

30 Jun

Hero MotoCorplaunches all-new Passion+ Disc with digital features, front disc brake

Business BureauBusiness

Hero MotoCorp has launched the all-new Passion+ Disc, introducing a feature-rich variant of its popular commuter motorcycle as the company looks to strengthen its presence in India's entry-level motorcycle segment. The new model combines refreshed styling, improved safety features and enhanced connectivity while targeting urban commuters seeking fuel-efficient and practical mobility solutions. Powered by a 100cc BS-VI and OBD-2 Phase A compliant engine, the Passion+ Disc produces 5.9kW of power at 8,000 rpm and 8.05 Nm of torque at 6,000 rpm. Equipped with Hero's patented i3S (Idle Stop-Start System), the motorcycle delivers a claimed fuel efficiency of 71 kmpl. The…

30 Jun

Hyatt expands Brand Explorer rewards to boost Asia Pacific travel

Business BureauBusiness

Hyatt has expanded its World of Hyatt Brand Explorer Award initiative across the Asia Pacific region, offering members greater incentives to explore its portfolio of hospitality brands while earning complimentary stays. Under the programme, members can receive a Free Night Award at a Category 1–4 Hyatt hotel after staying at five different Hyatt brands, with additional rewards available for every subsequent five unique brands experienced over the lifetime of their membership. The hospitality chain said the initiative covers 36 Hyatt brands globally, including 17 across Asia Pacific, catering to leisure, business and premium travellers. Hyatt's portfolio spans luxury, lifestyle, classic…

29 Jun

Cleartrip launches creators programme to tap social commerce-led travel demand

Business BureauBusiness

Online travel platform Cleartrip has launched the Cleartrip Creators Club, a new affiliate-driven initiative aimed at integrating creator content directly into the travel booking process as the company looks to capitalise on the growing influence of social media in travel decisions. The programme, launched nationwide on Instagram and YouTube, seeks to onboard more than 10,000 creators by the end of 2026. Unlike traditional influencer marketing campaigns that rely on fixed payments for content, the initiative operates on a performance-based commission model, allowing creators to earn revenue from bookings generated through their content. Cleartrip said the programme is open to creators…

29 Jun

Amazon’s Rapid Delivery Expansion Triggers Sharp Decline in Eternal and Swiggy Market Value

anuprova EditorBusiness

Amazon’s aggressive expansion in the quick commerce segment has intensified competition in India’s fast-growing instant delivery market, leading to a sharp decline in the market valuation of Eternal and Swiggy. Investor concerns over heightened competition, rising operational costs, and the possibility of prolonged price wars erased nearly $15 billion in the combined market value of the two companies. Amazon has been strengthening its rapid delivery network by expanding dark stores, improving logistics infrastructure, and increasing product availability to offer faster deliveries across major cities. The move has raised expectations that established quick commerce players will need to increase spending on…

29 Jun

Bajaj Auto Launches Major Share Buyback to Boost Shareholder Value

nanika EditorBusiness

Bajaj Auto Ltd will commence its ₹5,632.8-crore share buyback programme on July 1, 2026, with the offer remaining open until July 7, according to a regulatory filing. Under the buyback, the company will repurchase up to 46.94 lakh fully paid-up equity shares of face value ₹10 each at a price of ₹12,000 per share, with payments to be made in cash. The buyback proposal was approved by the company's Board of Directors on May 6, 2026, and later received shareholder approval through a special resolution passed via postal ballot. The results of the voting process were announced on June 18,…

29 Jun

Kolkata Metro expands technology footprint with ABB solutions to boost efficiency and reliability

Business BureauBusiness

Kolkata Metro has strengthened its long-standing partnership with ABB, deploying advanced electrification and motion-control technologies across its expanding transit network to enhance operational efficiency, reliability and passenger safety. The collaboration, which spans more than 25 years, has supported the modernization of India’s first metro railway system. Today, the 72-km Kolkata Metro network operates over 300 train services daily and caters to more than half a million passengers, making it a critical component of the city’s urban transportation infrastructure. ABB has supplied a range of electrification solutions, including low- and medium-voltage gas-insulated switchgear, distribution boards, lightning protection systems and variable frequency…