Business - The Purbottar

27 Oct

Kotak Mahindra Bank Q2FY26 PAT at Rs 4,468 crore; steady growth in customer assets and AUM

Business BureauBusiness

Kotak Mahindra Bank Ltd. reported a consolidated profit after tax (PAT) of ₹4,468 crore for Q2FY26, compared to ₹5,044 crore in the same period last year. The standalone PAT stood at ₹3,253 crore against ₹3,344 crore in Q2FY25, the bank said following a board meeting on Saturday. Consolidated customer assets rose 13% year-on-year to ₹5,76,339 crore as of September 30, 2025, while total assets under management (AUM) grew 12% to ₹7,60,598 crore. At the standalone level, net advances climbed 16% to ₹4,62,688 crore, and total deposits increased 14% to ₹5,10,538 crore. The CASA ratio stood at 42.3%, with net interest…

27 Oct

Kotak Mahindra Bank reappoints C S Rajan as part-time chairman

Business BureauBusiness

Kotak Mahindra Bank Limited (KMBL) on Friday announced that the Reserve Bank of India (RBI) has approved the reappointment of Mr. C S Rajan as Part-Time Chairman. His new term will run from January 1, 2026, to October 21, 2027, under Section 10(B)(1A)(i) of the Banking Regulation Act, 1949. Mr. Rajan, an Independent Director since October 2022, has been serving as Part-Time Chairman since January 2024. The reappointment is seen as a move to ensure continuity in leadership and governance as the bank charts its next phase of strategic growth. With 46 years of public service experience, including roles as…

27 Oct

IFAT India 2025 ends on a high note with record global participation and sustainability push

Business BureauBusiness

The 12th edition of IFAT India, the country’s largest trade fair for water, sewage, solid waste, and recycling solutions, concluded in Mumbai with record-breaking participation and a strong emphasis on sustainable innovation. Held from October 14–16 at the Bombay Exhibition Centre, the event drew over 18,000 visitors and 560 exhibitors from more than 30 countries across 45,000 sqm of exhibition space. Organised by Messe Muenchen India, IFAT India 2025 showcased cutting-edge technologies such as Alfa Laval’s SG2-series centrifuges, Fornnax’s R-MAX3300 shredder, and Danfoss India’s new edge computing-based drives. Actor and UN Environment Goodwill Ambassador Dia Mirza inaugurated the fair, highlighting…

27 Oct

Silver prices extend losing streak!

Purbalee DuttaBusiness

Silver extended its losing trend on Monday, October 27, weighed down by a stronger US dollar and optimism over easing trade tensions between the US and China. On the Multi Commodity Exchange (MCX), Silver December futures dropped 0.57% to ₹1,46,625 per kg at 10:49 a.m., while Gold December futures declined 1.26% to ₹1,21,900 per 10 grams. As per the Indian Bullion Association (IBA), silver was quoted at ₹1,46,860 per kg (999 fine). Meanwhile, 24-carat gold stood at ₹1,22,770 per 10 grams, and 22-carat gold at ₹1,12,539. Despite recent softness, silver has remained resilient, maintaining levels above ₹1 lakh per kg…

27 Oct

Union Min Jayant Chaudhary strengthens India–Philippines ties in Global South Skills and Entrepreneurship Mission

Business BureauBusiness

Union Minister of State (Independent Charge) for Skill Development & Entrepreneurship Jayant Chaudhary led a high-profile Knowledge Exchange Mission to the Philippines from October 20–22, 2025, aimed at strengthening Global South cooperation in skills and entrepreneurship. “When nations of the Global South learn from each other, we don’t just exchange knowledge—we build collective strength for a shared future,” Chaudhary said during the visit, facilitated by the World Bank. The delegation engaged with top Philippine officials, including H.E. Bienvenido Laguesma, Secretary of Labor and Employment, and H.E. Jose Francisco Benitez, Director General of TESDA, discussing joint initiatives to enhance employability, digital…

27 Oct

Aadhar Housing Finance launches skill development program to empower rural women in Assam

Business BureauBusiness

Aadhar Housing Finance Ltd. (AHFL) has rolled out a skill development initiative aimed at economically empowering underprivileged women in Assam. The program targets 300 women across seven villages in Dakhin Bholagaon and Ranigaon Gram Panchayats of Chayani Rani Block, Rani Development District. The initiative focuses on enhancing livelihoods through training in handloom weaving, turmeric and black pepper processing, entrepreneurship, and financial literacy. The project is implemented in collaboration with Assam and Meghalaya-based NGO, Grameen Sahara, and seeks to provide women with access to markets, financial institutions, and technical partners. AHFL’s MD & CEO, Rishi Anand, highlighted that the program builds…

27 Oct

Seasonal shift calls for strong immunity: Experts recommend simple lifestyle tweaks

Business BureauBusiness

As the city transitions into cooler months, health experts are urging residents to focus on boosting immunity to ward off seasonal illnesses. Fluctuating temperatures, increased allergens, and lifestyle changes can compromise the body’s defenses, making people more prone to colds, flu, and fatigue. Nutritionist Ritika Samaddar, Regional Head of Dietetics at Max Healthcare, New Delhi, advises, “Strengthening your immunity during this transitional period is key to staying healthy and energised. A balanced diet, mindful habits, and regular physical activity form the foundation of a strong immune system.” Samaddar recommends incorporating nutrient-rich foods like green vegetables, fatty fish, and California Almonds,…

27 Oct

Tata AIA introduces ‘Shubh Family Protect’ to secure families’ future

Business BureauBusiness

Tata AIA Life Insurance Co. Ltd. (Tata AIA) has launched Shubh Family Protect, a unique term plan offering both an immediate lump-sum payout and a flexible monthly income for up to 30 years. The plan is designed to provide comprehensive financial protection, helping families manage both short-term emergencies and long-term needs. Commenting on the launch, Amit Dave, Chief Distribution Officer - Proprietary Business and Allied Channels, Tata AIA Life Insurance, said, “At Tata AIA, we believe in providing more than just financial protection—we believe in making sure that families are supported through every stage of life. Shubh Family Protect is…

25 Oct

Shubman Gill joins Tasva to champion modern weddings in India

Business BureauBusiness

Tasva, the contemporary Indian menswear brand by Aditya Birla Fashion & Retail Ltd., in collaboration with couturier Tarun Tahiliani, unveiled its new brand vision with cricket star Shubman Gill as its ambassador. Marking Gill’s first association with a wedding wear brand, the partnership emphasizes weddings as celebrations of love, individuality, and shared agency rather than rigid traditions. The campaign highlights couples embracing differences, celebrating personal choice, and redefining marital unions as partnerships of equals. Tasva’s clothing, premium and designer-led yet deeply rooted in India’s cultural richness, mirrors this progressive outlook. Shubman Gill noted, “Just like on the field, every innings…

25 Oct

Not New York, Singapore or London—these Indian cities spend the most on rent globally!

Purbalee DuttaBusiness

While cities like New York, London, Zurich, and Singapore are often seen as the world’s most expensive places to live, a new study reveals a different reality when focusing solely on rental affordability. According to a report by German asset manager DWS, the least affordable cities for renting are Bangkok, Mumbai, and Mexico City—not the usual global hubs. The study analyzed 80 cities, comparing median income and average rent to determine how much of residents’ earnings go toward housing. On average, households spent 38% of their income on rent—well above the standard 30% threshold. Bangkok topped the list, with residents…