Business - The Purbottar

30 May

Tribhovandas Bhimji Zaveri Unveils its Store in Kankurgachi, Kolkata

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Tribhovandas Bhimji Zaveri (TBZ) - The Original has announced the re-launch of its store in Kankurgachi, Kolkata. Sara Ali Khan, a Bollywood actress and brand ambassador, inaugurated the store on May 25, 2023. The re-launch signifies TBZ's dedication to establishing a brand presence in West Bengal and contributing to the thriving jewellery industry in the region. TBZ is a "Make In India" brand that takes pride in its identity as a "Make In India" brand. It has recently focused on the eastern region and is looking forward to growing faster. By strengthening its presence in the Kolkata market, TBZ aims…

29 May

HDFC Pension’s Assets under Management crossed Rs. 50,000 cr.

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HDFC Pension Management Company Ltd., the fastest growing legacy Pension Fund Manager under the National Pension System (NPS)has crossed the milestone of Rs. 50,000 cr. of Assets Under Management (AUM) on May 15th 2023. Since its launch in 2013, the Company, a wholly owned subsidiary of HDFC Life Insurance Company Ltd., has grown at a fast rate (see table below). The AUM size has grown 400% in a span of thirty three (33) months from a base AUM of Rs. 10,000 Cr. which was achieved in July 2020. HDFC Pensionis the fastest growing legacyPension Fund Manager in India, under Retail…

29 May

BCCI and adidas announce multi-year partnership

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The Board of Control for Cricket in India (BCCI) & adidas has announced a brand-new partnership as the kit sponsor for the BCCI. The contract, which runs through to March 2028, will give adidas exclusive rights for manufacturing kit across all formats of the game. adidas will be the sole supplier for all match, training & travel wear for the BCCI- including the men’s, women’s & youth teams. Starting June 2023, Team India will be seen in the three stripes for the very first time and will debut their new kit during the World Test Championship Finals. The partnership between…

29 May

CIL Results for the quarter and year ended March 31, 2023

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Cummins India Limited (NSE: CUMMINSIND) The Board of Directors of Cummins India Limited (CIL), at their meeting held, reviewed, and approved the financial results for the quarter and year ended March 31, 2023. The year ended March 31, 2023 saw a 26% increase in total sales, with domestic sales increasing by 26%, exports by 27%, profit before exceptions item and tax by 46%, profit before tax by 29%, and profit after tax by 27%. In the quarter ended March 31, 2023, total sales increased by 29% compared to the same quarter last year and decreased by 12% compared to the…

29 May

Abans Holdings ltd. Reports Strong financial performance in Q4

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Abans Holdings Limited reported strong financial performance for the fourth quarter and fiscal year 2023, showing significant growth across various financial metrics, reinforcing its position as a key player in the industry.Abans Holdings Limited reported a net profit of Rs. 70.3 crore in 2023, a 14% increase from the previous year. Operating profit grew 15% to Rs. 76 crore, and revenue from operation was Rs. 1,150.97 crore. Agency income increased 83% to Rs 43 crore, and EPS was Rs. 14.81 per share. Abans Holdings Limited aims to expand beyond its current holding company status and act as sponsors and investment…

28 May

PhonePe: The First Payment App to Link 2 Lakh Rupay Credit Cards to UPI

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PhonePe a leading Digital Wallet & online payment app has achieved a major milestone. The linkage of 2 lakh RuPay credit cards to UPI has been made possible by this online payment app. This will help customers to make in use their RuPay credit cards for transactions through UPI. "We are thrilled to partner with the National Payments Corporation of India (NPCI) and become the first payments app to link two lakh RuPay credit cards to UPI. We believe that RuPay cards on UPI will revolutionise the access and use of credit in the ecosystem, and we are committed to…

27 May

Citing Operational Reasons, Go First Flights will be Cancelled Until May 30

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An announcement has been made by Go First Airlines on Saturday that the flights cancellation has been extended till May 30 adding that a full refund will be given to the passengers. The official media account of Go First Airlines took to Twitter and said, "We regret to inform you that due to operational reasons, Go First flights scheduled till May 30, 2023, have been cancelled. We apologise for the inconvenience caused by the flight cancellations," it said. "A full refund will be issued to the original mode of payment shortly," the letter read.

27 May

HDFC Pension’s Assets under Management crossed Rs. 50,000 cr.

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HDFC Pension Management Company Ltd., the fastest growing legacy Pension Fund Manager under the National Pension System (NPS)has crossed the milestone of Rs. 50,000 cr. of Assets Under Management (AUM) on May 15th 2023. Since its launch in 2013, the Company, a wholly owned subsidiary of HDFC Life Insurance Company Ltd., has grown at a fast rate (see table below). The AUM size has grown 400% in a span of thirty three (33) months from a base AUM of Rs. 10,000 Cr. which was achieved in July 2020.HDFC Pensionis the fastest growing legacyPension Fund Manager in India, under Retail and…

27 May

The Insurance Industry comes together to increase life insurance awareness in Mizoram

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The Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO TOKIO General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors. Under the leadership of the IRDAI, a committee of representatives from various Life and General Insurance companies have been working towards increasing awareness and penetration of life insurance in the state. As part of the process to discuss the progress of the initiatives and way ahead, a meeting was held in Mizoram under the guidance of Shri Lalramsanga Sailo, Secretary,…

27 May

Nokia C32 first C-series smartphone with 50MP Dual camera

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HMD Global, the home of Nokia phones, has launched the Nokia C32, the first smartphone in the popular C-series range with a 50MP Dual camera. It is powered by Android 13 and has a toughened glass finish for a premium feel. Nokia C32 is a new affordable design with a toughened glass back, dualtone finish, and elegant straight sidewalls. It has a bright 6.5’’HD+ display wrapped in three bold colours. The 50MPAI dualmain camera and 8MP selfie camera are supported by powerful imaging algorithms and equipped with a bespoke night mode with a powerful three-day 5000 mAh battery. Android 13…