Business - The Purbottar

05 Feb

In January 2024, Tata Motors recorded total sales of 86,125 units

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Tata Motors Limited sales in the domestic & international market for January 2024 stood at 86,125vehicles, compared to 81,069units during January 2023.The total domestic sales increased by 6% from 79681 in January 2023 to 84276 in January 2024.The rate of decline for Domestic commercial vehicles in January 2024 and January 2023 was -3%, with a total of 30,643 vehicles sold in January 2024 as compared to 31694 in January 2023. The total sales of commercial vehicles in January 2024 and January 2023 were 32,092 and 32,780 respectively, indicating a -2% decline rate. Domestic sale of MH&ICV in January 2024, including…

05 Feb

Budget 2024: NSE chief applauds 10/10 rating for growth, welfare and fiscal restraint

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Shri Ashishkumar Chauhan, the MD & CEO of the National Stock Exchange (NSE), gives the Interim Budget 2024 a perfect 10/10. Praising the budget for its unwavering focus on growth, welfarism, and fiscal restraint, Chauhan commends the government's commitment to continuity in policies and taxation. The budget's emphasis on capacity building, marked by increased spending on both hard and soft infrastructure, is highlighted by Chauhan as a crucial step towards job creation. Particularly noteworthy is the allocation for the underprivileged, farmers, women, and youth, indicating a comprehensive approach to economic growth in the face of global uncertainty. The revised fiscal…

05 Feb

Yamaha Powers into Inaugural Bharat Mobility Expo

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India Yamaha Motor (IYM) Pvt Ltd will participate in the inaugural Bharat Mobility, the first-of-its-kind global mobility show in India, bringing together the entire mobility value chain in a single venue. More than just an exhibition, it serves as a preview for the future of mobility. The Yamaha Pavilion, spanning 400 sqm, will showcase its motorcycle and scooter range, accessories, and innovative technology at a groundbreaking event. It aims to showcase Yamaha's commitment to innovation and passion for two-wheeled freedom, revolutionizing modern motorcycling with advanced technologies. Yamaha is embracing the #TheCallOfTheBlue at the Bharat Mobility Show to cater to young…

05 Feb

Dr. Imtiaz Ghani on spine-related problems

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Dr. Imtiaz Ghani, orthopedics & a spine surgeon at Apollo Hospitals, conducted a consultation on spine-related problems like scoliosis on February 3, 2024, at Kalyani Arogya Specialty Diagnostics, near JNM water Tank., Kalyani, Nadia, West Bengal. His objective is to establish himself as a world-renowned spine surgeon, incorporate new surgical management methods, and establish innovation in spine surgery through evidence-based research, aiming to improve clinical and functional outcomes for patients. Scoliosis is a sideways curvature of the spine, and spinal fusion surgery is used to straighten the spine and prevent the curvature from progressing. Spinal fusion surgery can reduce the…

05 Feb

Nissan Electrifies Diriyah: Formula E Team Grabs Pole Position and Triumphs on the Podium

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Nissan Formula E Team made their debut in Season 10 of the ABBFIA Formula EWorld Championship, securing 26 points in Round 3 in Diriyah. The squad bounced back after a disappointing Friday, with Oliver Rowland finishing 13th and Sacha Fenestraz retiring with damage, showcasing their style in the second double-header event. Franco-Argentine Fenestraz took top spot in Qualifying Group A, with Rowland joining him in the Duels after setting the fastest time in Group B. British racer Rowland won all three Duels, setting the quickest time at each stage, claiming three points for the Julius Baer Pole Position, despite Fenestraz's…

05 Feb

Bombay High Court upholds PPL’s authority in landmark copyright battle

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In a historic ruling on January 24, 2024, the Bombay High Court has delivered a decisive victory for music licensing giants Phonographic Performance Ltd. (PPL) and Novex Communications Pvt. Ltd., affirming their authority to issue licenses as copyright owners without the need for registration as copyright societies. This groundbreaking judgment settles a prolonged debate on owner rights in licensing sound recordings. The court's order has far-reaching implications for the music industry, as PPL, founded in 1941, emerges victorious in multiple suits against over 200 establishments, including popular names like Social, Farzi Café, and Olive Bar & Kitchen. G.B. Aayeer, CEO…

05 Feb

DSP Portfolio Approach for 2024

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DSP Mutual Fund has revealed insights for a thoughtful portfolio approach in 2024. DSP Mutual Fund has advised diversifying portfolios across market cap segments to maintain a balance during different market conditions. In 2023, mid and small caps experienced significant run-ups, with DSP favoring quality midcaps for wealth creation with reduced volatility and fewer drawdowns. Understanding business cycles and valuation cycles in each sector is crucial for future investment. Vinit Sambre, Head of Equities at DSP Mutual Fund, acknowledges that certain years may yield better outcomes than others, and certain sectoral themes may deliver significant alpha. DSP has also increased…

04 Feb

Reliance And Disney Set To Finalize Media Merger In India, Says Report

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Indian businessman Mukesh Ambani, who is renowned for his Reliance Industries, is once again planning to establish the largest media empire in India. The largest media empire will be set up with around 100 TV channels and two streaming platforms by merging of Jio Cinema and Disney Hotsar, two domestic giants in the digital streaming space. As per the Economics Times report, negotiations to merge Reliance Industries with Walt Disney are currently in the next phase. Additionally, Star India and Viacom18's merger agreement is almost done. Jio Cinema had previously purchased the IPL rights from Disney Plus Hotstar, which was…

04 Feb

PM Modi unveils development projects worth Rs 11,600 cr in Assam

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PM Narendra Modi introduced development projects worth Rs 11,600 crore in Assam on Sunday. The infrastructure projects, funded by both the state government and the Centre, were announced at an event at the Veterinary College Playground in Khanapara, Guwahati. Some major projects for which foundation stones were laid include the six-lane road from the new airport terminal in Guwahati (Rs 358 crore), Kamakhya temple corridor (Rs 498 crore), a new sports complex in Chandrapur (Rs 300 crore), and the upgradation of Nehru Stadium to FIFA standards (Rs 831 crore). The second edition of 'Asom Mala' roads was also kicked off…

03 Feb

Bikaji Foods Q3 Results: Net profit jumps 30% YoY to Rs 49 crore

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Packaged snacks and sweets major Bikaji Foods International posted a robust 14.4% increase in its third-quarter profit on Friday. The spike in profit is attributed to the increase in demand for its varied range of packaged sweets and snacks. The consolidated net profit for the three months ending December 31 totalled to Rs 46.62 crore, marking a incredible rise from Rs 40.74 crore recorded in the corresponding period the previous year. The festive season, starting from October and ending in November, witnessed a notable uptick in consumer purchases of snacks and sweets, contributing significantly to Bikaji Foods' third-quarter financial performance.…