Business - The Purbottar

03 Nov

Kolkata leads India in crypto profitability as Gen Z drives investment boom

Business BureauBusiness

Kolkata has emerged as India’s most successful crypto investment hub this quarter, with 77.4% of investor portfolios in profit, according to CoinSwitch’s Q3 2025 edition of India’s Crypto Portfolio: How India Invests. The report, based on insights from over 2.5 crore users, highlights shifting crypto investment trends, with Gen Z (18–25) overtaking millennials as the largest investor group at 37.6%. Kolkata ranked 6th nationally in crypto adoption but topped the profitability chart, driven by a balanced and data-led approach to digital assets. Large-cap coins dominated portfolios at 36.3%, followed by blue-chip assets (24.3%), mid-cap assets (31.9%), and small-cap tokens (7.5%),…

03 Nov

CAIT launches ‘ARISE’ mission to skill 2.5 million retail traders across India

Business BureauBusiness

In a major push to strengthen India’s retail sector, the Confederation of All India Traders (CAIT) on Thursday launched its National Skilling Mission “ARISE” in partnership with Coca-Cola India and with support from the National Skill Development Corporation (NSDC). The initiative aims to train and digitally empower 2.5 million small traders and kirana owners across the country. The programme was inaugurated by Delhi Chief Minister Rekha Gupta. MP and CAIT Secretary General Praveen Khandelwal presided over the launch, attended by senior government officials and industry representatives. Gupta called the initiative a “historic step” to empower small shopkeepers who she termed…

01 Nov

Cultural sentiments surge as Shillong prepares for S.D. Burman tribute

Business BureauBusiness

Shillong’s cultural and events ecosystem is witnessing a positive uptick with the Byatikram Group announcing the second edition of “Remembering the Maestro – S.D. Burman”, scheduled for November 9 at U Soso Tham Auditorium. Organised in association with The Times of India and Rabindranath Tagore Club, Laban, the event is expected to boost regional tourism, hospitality demand, and audience footfall in the city’s cultural market. The announcement was made at Shillong Press Club in the presence of Dr. Saumen Bharatiya, Patron-in-Chief, Pankaj Deb, and key members of Byatikram Group. A symbolic 69-member chorus by Bahaar Group will honour S.D. Burman’s…

01 Nov

French delegation to explore investment potential in North-East at first Indo-French Conference in Assam

Business BureauBusiness

The Indo-French Chamber of Commerce & Industry (IFCCI) is set to host the first Indo-French Investment Conference in North-East India, with a special focus on Assam, aiming to strengthen bilateral ties and expand trade and investment opportunities in the region. Organised in partnership with the Embassy of France in India and the Assam Government, the conference will witness participation from key policymakers, diplomats, business leaders and senior bureaucrats. Union Minister for Communications and DoNER Jyotiraditya M. Scindia and French Ambassador Thierry Mathou will attend the event. More than 20 French CEOs will take part in a high-level Business-to-Government (B2G) session,…

01 Nov

Tata Motors, THINK Gas ink pact to strengthen LNG trucking infrastructure in India

Business BureauBusiness

Tata Motors, India’s largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with THINK Gas to accelerate the development of the LNG refuelling ecosystem for long-haul trucking. The collaboration, announced on 30 October 2025, aims to strengthen India’s clean mobility infrastructure by promoting LNG-powered heavy-duty commercial vehicles and expanding refuelling networks across key logistics routes. Under the agreement, Tata Motors will help identify critical freight corridors and logistics hubs for LNG infrastructure, while THINK Gas will ensure high-quality fuel supply and operational reliability. Tata Motors’ customers are also expected to receive benefits such as preferential pricing at THINK…

01 Nov

Decathlon rolls out India-made Kipsta RESIST Football Series for all terrains

Business BureauBusiness

Decathlon, the global sports retail giant, has launched the Kipsta RESIST football series in India, aiming to meet the needs of players across the country’s diverse playing environments. Announced on October 30, 2025, the new range is fully designed and manufactured in India and tailored for surfaces ranging from dry hard grounds to wet and uneven fields, a common challenge for Indian footballers. The series comprises two models — Training High Resist Ball and Club High Resist Ball. The Training ball features an abrasion-resistant rubber outer layer for long-lasting performance on hard ground, mud, gravel, and grass, meeting FIFA Basic…

01 Nov

Turkish Airlines secures USD 412 million funding from Bank of China to boost expansion

Business BureauBusiness

Turkish Airlines has secured a major financing agreement worth 2.9 billion Chinese Yuan (approximately USD 412 million) from Bank of China, arranged through Bank of China Turkey A.Ş., marking one of its most significant recent financial achievements. The five-year facility will support the airline’s development plans, including fleet expansion, business growth, and new infrastructure projects at Istanbul Airport. The deal underscores Turkish Airlines’ strategy to diversify funding sources while strengthening long-term financial resilience. The financing, coordinated by Bank of China Turkey and the BOC Macau branch, also reinforces growing economic and strategic cooperation between Türkiye and China. Assoc. Prof. Murat…

01 Nov

Young Innovators from Bharat Shine at Samsung Solve for Tomorrow 2025; winning teams received INR 1 crore

Business BureauBusiness

Samsung, India’s largest consumer electronics brand, has announced the winners of Samsung Solve for Tomorrow 2025, the fourth edition of its national education programme that challenges young students to use technology to create real-world solutions for pressing challenges in their local communities. The Top Four winning teams—Percevia (Bengaluru), NextPlay.AI (Aurangabad), Paraspeak (Gurugram), and Prithvi Rakshak (Palamu)—received INR 1 crore in incubation grants and will continue to develop their prototypes into scalable real-world solutions with mentorship support at IIT Delhi’s FITT Labs. The jury panel brought together Samsung leadership and experts from across academia, government, and industry to evaluate the finalists’…

01 Nov

Vedanta Q2 profit drops 59% on one off

Purbalee DuttaBusiness

Anil Agarwal-led Vedanta Ltd reported a sharp 59% drop in net profit to ₹1,798 crore for the September quarter, despite a 6% rise in revenue to ₹39,868 crore—its highest ever for a second quarter. The decline was mainly due to a one-time write-off linked to its subsidiary Talwandi Sabo Power Ltd (TSPL), which lost a ₹1,407 crore claim in the Supreme Court under a government power project scheme. TSPL also settled a legal dispute with Sepco for ₹660 crore. However, Vedanta’s Ebitda rose 12% year-on-year to ₹11,612 crore, aided by strong aluminium, zinc, and silver prices. Shares fell 2.6% to…

01 Nov

Nissan crosses 1.2 million ‘Made in India’ exports, driven by Magnite success

Business BureauBusiness

Nissan Motor India has achieved a major export milestone with the shipment of its 1.2 millionth vehicle from India, reinforcing the company’s “Make in India, Make for the World” vision. The landmark vehicle, a New Nissan Magnite B-SUV, was flagged off from Kamarajar Port in Ennore, Tamil Nadu, to the GCC region, in the presence of Nissan Motor India Managing Director Saurabh Vatsa. Nissan’s export journey from India has been built on the success of models such as the Sunny, Kicks, and Micra, with the Magnite now driving its global momentum. The New Magnite, sold in over 65 countries in…