Business - The Purbottar

06 Jun

Renault Duster Turbo TCe 100 records fuel efficiency of 19.41 km/l

Business BureauBusiness

Renault India on Friday announced that its new Duster Turbo TCe 100 has achieved an ARAI-certified fuel efficiency of 19.41 km per litre, highlighting the company's focus on combining performance with fuel economy in the competitive SUV segment. The automaker said the Duster Turbo TCe 100 is powered by a turbocharged petrol engine that delivers 100 PS of power and 160 Nm of torque. Paired with a six-speed manual transmission, the powertrain has been designed to offer responsive performance, smooth drivability and improved fuel efficiency across varied driving conditions. Dr. V. Vikraman, Chief of Renault Engineering, Renault Group India, said…

06 Jun

Vi-Meta partnership signals growing demand for secure digital authentication

Business BureauBusiness

Vodafone Idea (Vi) and Meta have launched Silent Mobile Verification (SMV) capabilities for Vi users across WhatsApp, Facebook and Instagram, a move that reflects the increasing focus on secure digital authentication and fraud prevention in India’s expanding digital economy. The network-based authentication technology enables users to verify their mobile numbers in the background without manually entering OTPs, switching applications or waiting for verification messages. The solution supports key user journeys such as new user registration, mobile number validation, login and re-login, account recovery, and authentication during security checks. Market participants view the launch as a significant development in India's digital…

05 Jun

Centre May Scrap Capital Gains Tax on Govt Securities to Retain FPI Amid West Asia Crisis

Preeti SinghBusiness

Due to the crisis arising in Western Asia, the Central Government might take a major decision to prevent foreign capital from moving out of the Indian market. According to a source, if Foreign Portfolio Investors (FPI) invest in government securities or bonds, the government is planning to completely waive or withdraw the capital gains tax on the returns earned from them.On Wednesday, an ordinance was approved in the Union Cabinet meeting chaired by Prime Minister Narendra Modi to make necessary amendments to the income tax law. This conditional formal notification could be issued within this week itself.Currently, foreign investors holding…

05 Jun

ABD Maestro expands premium spirits portfolio to Odisha

Business BureauBusiness

ABD Maestro Pvt. Ltd., the super-premium and luxury spirits subsidiary of Allied Blenders & Distillers (ABD), has entered the Odisha market with the launch of four premium brands — AODH Irish Whiskey, WOODBURNS Contemporary Indian Malt Whisky, YELLO Designer Whisky and RANGEELA Contemporary Indian Vodka. The launch, held in Bhubaneswar on Tuesday, marks a key milestone in the company’s expansion strategy as it seeks to strengthen its presence in high-potential markets across India. ABD Maestro said the move aligns with its vision of building a future-focused portfolio of premium spirits tailored to evolving consumer preferences. The company, which counts Bollywood…

05 Jun

121 Finance crosses Rs 10 crore milestone in GeM Sahay lending

Business BureauBusiness

Non-Banking Financial Company (NBFC)-Factor 121 Finance has crossed ₹10 crore in cumulative disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace (GeM), marking a significant milestone in expanding digital credit access for micro, small and medium enterprises (MSMEs). The company said it has disbursed more than 2,600 loans to over 400 MSMEs across 173 cities in 27 states, helping small suppliers secure working capital against confirmed government purchase orders. Built on the Open Credit Enablement Network (OCEN), GeM Sahay allows eligible MSMEs to access collateral-free, short-term financing within minutes using transaction data linked to government procurement orders.…

04 Jun

Dalal Street Defies Early Weakness: Sensex and Nifty Claw Back to Finish Flat Ahead of RBI Policy

anuprova EditorBusiness

Indian equity benchmarks staged a resilient intraday recovery from a weak, gap-down opening to finish a highly volatile session virtually unchanged, as cautious investors pushed through heavy macroeconomic headwinds. The BSE Sensex managed a microscopic 14-point gain to close at 74,360, while the NSE Nifty 50 added a mere 11 points to settle at 23,417. Domestic sentiment was severely tested early in the day following a bruising overnight sell-off on Wall Street and deep losses across major Asian markets, sparked by escalating geopolitical anxieties between the United States and Iran in the Persian Gulf region. Despite an initial risk-off atmosphere…

04 Jun

Tata Motors launches Intra V40 to expand alternate fuel pickup portfolio

Business BureauBusiness

Tata Motors has launched the all-new Intra V40 pickup, strengthening its position in the alternate fuel small commercial vehicle (SCV) and pickup segment as demand grows for cost-efficient and flexible last-mile transport solutions. The Intra V40 comes with CNG-petrol bi-fuel technology and is designed for high-load operations. The vehicle offers a best-in-class payload capacity of 1,525 kg and a 2,960 mm (9.7 ft) load body, aimed at helping operators maximise earnings while ensuring uninterrupted operations across different routes. Powered by a 1.2-litre engine, the pickup delivers 58 bhp of power and 106 Nm of torque. It also features a 110-litre…

04 Jun

HSBC Mutual Fund launches RedHex Hybrid Long-Short Fund for mid-ticket investors

Business BureauBusiness

HSBC Mutual Fund has launched the RedHex Hybrid Long-Short Fund, a Specialised Investment Fund (SIF) strategy aimed at investors seeking regular returns along with long-term capital appreciation. The New Fund Offer (NFO) opened on June 2 and will remain available for subscription until June 16, 2026. The fund combines investments across multiple asset classes, including fixed income, equity arbitrage, REITs and INVITs, with the objective of generating risk-adjusted returns across different market cycles. The strategy is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index. HSBC Mutual Fund said the product is designed for “mid-ticket” investors and requires a…

04 Jun

Navachar Mantra launched to boost grassroots innovation and entrepreneurship

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) on Wednesday launched ‘Navachar Mantra’, a national initiative aimed at identifying, nurturing and scaling grassroots innovations and early-stage enterprises across India, with a special focus on Tier-2, Tier-3 towns and rural regions.The programme was launched by Shri Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education, at IIT Delhi. The initiative will be implemented by the National Institute for Entrepreneurship and Small Business Development (NIESBUD) in partnership with the Foundation for Innovation and Technology Transfer (FITT), IIT Delhi as the technical knowledge partner.…

04 Jun

Oakley launches Players Collection with Kylian Mbappé and Jaylen Brown

Business BureauBusiness

Eyewear brand Oakley has unveiled the latest chapter of its Players Collection campaign, featuring global sports stars Kylian Mbappé and Jaylen Brown. The collection introduces signature eyewear series co-created with the two athletes, highlighting their personal style, identity and sporting influence. The new release includes the Highland Jaylen Brown Signature Series, featuring an exclusive cocoa brown colour palette, Brown’s personal logo and Prizm™ Ruby lenses designed to provide enhanced coverage and sun protection. Inspired by Brown’s off-field fashion choices, the eyewear is built on a lightweight O-Matter™ frame for durability and comfort. Meanwhile, the Kylian Mbappé Signature Series Permian features…