Business - The Purbottar

03 Aug

Nissan posts 218% domestic sales surge as TEKTON drives growth momentum

Business BureauBusiness

Nissan Motor India Pvt. Ltd. (NMIPL) has reported a sharp turnaround in its domestic business, posting a 218% year-on-year increase and a 50% month-on-month rise in domestic wholesale volumes for July 2026, aided by the launch of the all-new Nissan TEKTON SUV and an expanding product portfolio. The company said it recorded domestic wholesales of 4,518 units, export wholesales of 4,821 units and total wholesales of 9,339 units during the month. Customer deliveries of the all-new Nissan TEKTON began across India on July 20, following its global premiere on July 9, strengthening Nissan’s SUV lineup alongside the Magnite and Gravite.…

03 Aug

Cigarette Stocks Rally as Investors Bet on Price Hikes to Offset Tax Burden

anuprova EditorBusiness

Shares of major tobacco manufacturers, including ITC Limited and Godfrey Phillips India, gained up to 5% as investors rallied behind expectations that the companies will successfully navigate higher government taxation through strategic price hikes. The surge comes despite widespread market concerns over recent excise duty increases, which initially raised fears of squeezed operating margins and declining sales volumes across the sector. Market sentiment turned sharply optimistic following channel checks and industry reports indicating that key players have begun implementing price revisions across their premium and value product lines. Analysts highlight that cigarette consumption in India historically demonstrates strong demand inelasticity,…

03 Aug

Aadhar Housing Finance posts 19% profit growth in Q1, AUM rises 18%

Business BureauBusiness

Aadhar Housing Finance Ltd reported a 19% year-on-year increase in profit after tax (PAT) to ₹282 crore for the first quarter of FY27, driven by strong growth in assets under management (AUM), steady disbursements and stable asset quality. The company's AUM rose 18% to ₹31,364 crore as of June 30, 2026, compared with ₹26,524 crore a year earlier, while its net worth increased 19% to ₹7,853 crore. The affordable housing financier said it serviced more than 3.40 lakh loan accounts during the quarter. Gross non-performing assets remained stable at 1.31% of AUM, reflecting resilient portfolio quality. Return on assets stood…

03 Aug

Tata Motors posts 37% jump in July commercial vehicle sales

Business BureauBusiness

Tata Motors Ltd. reported a 37 per cent year-on-year increase in its total commercial vehicle sales for July 2026, driven by strong domestic demand and a sharp surge in international business. The company sold 39,641 commercial vehicle units across domestic and overseas markets during the month, compared with 28,956 units in July 2025. In the domestic market, Tata Motors recorded sales of 33,876 units, up 28 per cent from 26,432 units a year earlier. International business emerged as the strongest growth driver, with sales soaring 128 per cent to 5,765 units from 2,524 units in the corresponding month last year.…

01 Aug

Bajaj Finserv Joins India’s Growing Private Reinsurance Landscape

nanika EditorBusiness

Bajaj Finserv has announced its entry into India’s reinsurance sector, with its board approving the move subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI). The development makes Bajaj Finserv the third private-sector player in nearly a year to announce plans to enter the domestic reinsurance market, which has traditionally been dominated by state-owned General Insurance Corporation of India (GIC Re). The move comes amid growing interest in India’s reinsurance industry, driven by rising insurance demand, regulatory reforms, economic expansion and efforts to strengthen domestic risk management capacity. In March 2025, Valueattics Re became the first…

01 Aug

ICICI Prudential Life posts 27.8% rise in Q1 profit, board approves proposed name change

Business BureauBusiness

ICICI Prudential Life Insurance reported a 27.8% year-on-year increase in Profit After Tax (PAT) to ₹386 crore for the quarter ended June 6, while its retail protection (term plan) business registered a robust 60.4% growth during the first quarter 202of FY2027. The company also announced that its board has approved a proposal to rename the insurer as ICICI Life Insurance Limited, subject to regulatory approvals. The insurer said it paid total customer benefits of ₹4,666 crore during the quarter, including ₹1,306 crore towards death claims and ₹3,360 crore as maturity and survival benefits. It also maintained an industry-leading claim settlement…

01 Aug

SBI General Insurance strengthens trust message with new motor insurance campaign

Business BureauBusiness

SBI General Insurance has launched a new motor insurance film featuring actor and brand ambassador PankajTripathi as part of its integrated brand campaign, 'ChuniyeBharosa, ApnoSa', reinforcing the importance of choosing a trusted insurance partner for vehicle protection. The latest campaign highlights the company's focus on building customer confidence by encouraging vehicle owners to look beyond policies and select insurers that offer dependable support throughout the ownership journey. The film will be promoted across television, print, outdoor, OTT and digital platforms to reach a wider audience. Speaking on the campaign, SBI General Insurance Managing Director and CEO Naveen Chandra Jha said…

01 Aug

Leaked Notepad Note Signals Potential $10 Billion U.S. Intervention to Prop Up Weakened Japanese Yen

anuprova EditorBusiness

A Reuters photograph captured during a cabinet meeting at Camp David on July 31, 2026, revealed a handwritten note on U.S. Treasury Secretary Scott Bessent’s pad that read "To Do: Buy Japanese Yen (JPY) $5-10 bil," sparking widespread speculation that Washington is preparing its first major direct intervention in foreign exchange markets to support Japan's currency in over a decade. The scribbled note, clearly visible directly below Bessent's conference name card, coincides with market reports that the U.S. Treasury placed major commercial banks on alert for potential market action and that the Federal Reserve Bank of New York executed yen…

01 Aug

TVS Motor expands Raider Super Squad range with Doctor Doom-inspired edition

Business BureauBusiness

TVS Motor Company has expanded its TVS Raider Super Squad Edition portfolio with the launch of a new Marvel Doctor Doom-inspired variant, introducing a Spectral Green colourway aimed at strengthening the motorcycle's appeal among young riders. The new edition was unveiled through a post-credit reveal following screenings of *Spider-Man: Brand New Day* in select theatres across India, drawing inspiration from Marvel's iconic post-credit tradition. The latest Super Squad Edition features a distinctive multi-tone travel finish that transitions from green to brown, reflecting the character's commanding persona. The motorcycle retains the performance package of the Raider 125, including its three-valve engine,…

01 Aug

Bar Maestro contest puts Kolkata’s cocktail talent on national stage

Business BureauBusiness

ABD Maestro Pvt. Ltd., the luxury and super-premium spirits business of Allied Blenders & Distillers Limited (ABD), has advanced its nationwide bartending competition, Bar Maestro, to the second round after receiving more than 350 entries from seven cities. Organised in partnership with the Tulleeho Beverage Academy, the competition has shortlisted 160 bartenders whose creations will now compete for a place in the national finals. The inaugural round also generated significant online engagement, attracting over 7.6 million Instagram views. The opening challenge required participants to create an original highball cocktail using WOODBURNS Contemporary Indian Whisky, with entries judged on creativity, technical…