Business - The Purbottar

19 Feb

UTI Large Cap Fund; primarily invests in large cap companies

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UTI Large Cap Fund, India's first equity-oriented fund, was launched in 1986 and has a 37-year wealth creation record. It is an open-ended scheme that focuses on large cap companies with competitive advantages in their respective fields. The fund follows the Growth at Reasonable Price (GARP) investment style, ensuring a reasonable price for stock purchases based on underlying earnings growth. The Fund seeks to invest in companies with strong fundamentals, controlled borrowings, consistent revenue growth, profitability focus, higher return on capital, and consistent operating cash-flows generation, enabling future expansion and avoiding share dilution. UTI Large Cap Fund has yielded a…

19 Feb

Galaxy AI Features introduced on Samsung Galaxy Buds with All-New Galaxy S24 Series

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Samsung has announced the over-the-air (OTA) release of Galaxy AI features on its Galaxy Buds2 Pro, Buds2, and Buds FE. Users will now be able to unlock the full potential of Galaxy AI features such as Live Translate on Galaxy Buds series through the ‘Made in India’ Galaxy S24 series. The Galaxy S24 series offers real-time call translation through Live Translate, allowing users to converse via Galaxy Buds, and an AI-driven interpreter feature for seamless two-way, face-to-face interpretation through the Galaxy Buds interface. The Galaxy S24 series now allows users to speak directly into the Buds mic, enabling translated voice…

19 Feb

Tata.ev offers a reduction of up to Rs. 1.2 Lakh in electric vehicles

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Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors, has announced a reduction in the prices of its bestselling electric vehicles, Nexon.ev and Tiago.ev, to increase their accessibility to Indian customers. The Nexon.ev, India's most feature-rich EV, is set to see a price reduction of up to Rs. 1.2 Lakh. The fastest-selling Tiago.ev will also see a reduction of up to Rs. 70,000, with the base model starting at Rs. 7.99 Lakh. The launch of the Punch.ev will remain unchanged. Speaking about this price reduction, Mr. Vivek Srivatsa, Chief Commercial Officer, TPEM, said, “We believe that at these…

19 Feb

Sarvodaya Hospital’s “Victorious Hearts” initiative offers 100 free heart surgeries for underprivileged children

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Sarvodaya Hospital in Faridabad has launched a groundbreaking initiative, "Victorious Hearts," aiming to provide 100 free heart surgeries to children from underprivileged backgrounds with congenital heart defects. The program extends beyond surgeries, incorporating a comprehensive screening program at Sarvodaya Hospital to detect children with cardiac conditions or early signs of potential heart complications. Dr. Rakesh Gupta, Chairman of Sarvodaya Healthcare, emphasized the initiative's goal to raise awareness about pediatric congenital heart defects and the importance of timely intervention. Dr. Viresh Mahajan, Director of Paediatric Cardiac Science at Sarvodaya Hospital, highlighted the severe implications of congenital heart defects on children's health,…

19 Feb

Škoda Auto India anouncesexclusive Slavia Style Edition, limited to 500 units nationwide

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Škoda Auto India celebrates a significant milestone with the launch of the Slavia Style Edition, a distinctive iteration of its acclaimed sedan. Tailored for the discerning Indian market, this exclusive variant represents the brand's commitment to offering bespoke experiences to its clientele. With only 500 units available, the Slavia Style Edition promises a blend of sophistication and performance, catering to a select group of enthusiasts. Petr Janeba, Brand Director of Škoda Auto India, emphasized the company's customer-centric approach, stating, "The Slavia Style Edition epitomizes our dedication to delivering exceptional value and catering to the unique preferences of our customers. This…

19 Feb

Walmart Vriddhi empowers over 50,000 MSMEs to expand retail footprint nationwide

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Walmart announces that its supplier development initiative, Walmart Vriddhi, has exceeded its target, empowering over 50,000 Micro, Small, and Medium Enterprises (MSMEs) in just five years. Launched in December 2019, the program aims to bolster MSMEs through free training, mentorship, and digital tools, enabling them to integrate seamlessly into domestic supply chains. Partnering with Swasti, Walmart Vriddhi provides local suppliers with access to essential resources, including training in finance, marketing, workforce management, and environmental sustainability. Notably, the program leverages Flipkart's platform expertise, allowing MSMEs to tap into a consumer base of over 500 million across India. States such as Uttar…

19 Feb

India-Bangladesh river trade sets sail, IHC Pranay Verma flags off cargo ship

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In a historic milestone, trade via water routes commenced today between India and Bangladesh through the inauguration of river ports at Maiya, West Bengal, and Sultanganj, Bangladesh, along the Ganga river. High Commissioner of India to Bangladesh, Pranay Verma, alongside Bangladesh's Minister of State for Shipping, Khalid Mahmood Choudhury, jointly inaugurated the Sultanganj, Godagri Port of Call, marking the commencement of operations by flagging off a cargo ship from Sultanganj destined for India's river port at Maiya. Concurrently, India's Minister of State for Ports, Shipping, and Waterways, Shantanu Thakur, initiated the maiden cargo voyage from Maiya Inland Customs Port. This…

17 Feb

Spice Jet is doing business with around 45 airlines, Lack of money is burning Spice Jet!

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Air transport company Spice Jet is suffering from financial crisis. It is alleged that the financially dilapidated company is not able to pay employees on time. According to insider news, Spice Jet is not able to deposit the employees' provident fund on time along with the salary. Many people think that this is the result of continuous losses. Even, many people fear that the number of flights of that company may decrease in the coming days. However, Spice Jet has clarified its position on the issue of employee salaries. They said most of the workers are being paid on time.…

17 Feb

RBI has given 15 days time to Paytm

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The Reserve Bank of India (RBI) has accused Paytm Payments Bank of irregularities. India's apex bank has informed that Paytm will no longer be able to provide banking services from February 29. But RBI extended that period for 15 days. RBI has issued a notification that customers can continue to deposit money or carry out credit transactions in Paytm Payments Bank account, wallet or Fastag till March 15. Said that the money deposited in Paytm Bank can be withdrawn by March 15. RBI has also directed to make arrangements so that customers can withdraw money from their Paytm bank accounts…

17 Feb

Tata Motors sign MoU with Bandhan Bank to offer attractive commercial vehicle financing solutions

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Tata Motors, India's largest commercial vehicle manufacturer, has partnered with Bandhan Bank to provide convenient financing solutions to its customers. Under this collaboration, Bandhan Bank will offer financing across the entire commercial vehicle portfolio and customers will benefit from the bank’s wide network and specially curated easy repayment plans. Tata Motors provides a wide variety of sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions. These vehicles vary in small commercial vehicles and pickup, truck, and bus segments. Commenting on this partnership, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, "Together,…