Business - The Purbottar

18 May

TVS Venu Group Strengthens Banking Footprint with Strategic Jana Bank Stake

nanika EditorBusiness

In a strategic move to expand its footprint in India’s financial services sector, the TVS Venu Group has agreed to acquire a minority stake of up to 9.9% in Jana Small Finance Bank Limited on a fully diluted basis. The acquisition will be executed through a combination of a primary issuance of warrants and a secondary purchase, subject to all necessary regulatory approvals. As part of the agreement, TVS Motor Company will directly own 4.9% of the equity. The TVS Venu Group, which includes prominent entities like TVS Motor, TVS Credit, and TVS Emerald, clocked a revenue of $6.5 billion…

18 May

Government pushes public sector banks, insurers to cut costs, move to EVs

anuprova EditorBusiness

The Union Finance Ministry has issued a fresh directive aimed at cost-cutting and sustainability in all state-run financial institutions. It will directly impact employees of large institutions like the State Bank of India (SBI) and the Life Insurance Corporation of India (LIC). The government has asked public sector banks, insurance companies and financial institutions to cut unnecessary expenditure in an effort to rationalise operational costs. The directive’s key measures include placing strict limits on official travel and prioritising virtual meetings over in-person ones where possible. They are also obligated to convert the corporate fleets of such state-run organizations to electric…

16 May

BharathCloud launches first AI-ready sovereign cloud centre at CtrlS Hyderabad facility

Business BureauBusiness

BharathCloud, an Indian AI-ready cloud services provider, has launched its first Cloud Centre at the Hyderabad DC1 facility of CtrlS Datacenters, marking a major step towards strengthening India’s sovereign and AI-ready digital infrastructure ecosystem. The Cloud Centre was formally inaugurated by Sridhar Pinnapureddy. The initiative comes amid rising demand for secure, scalable and sovereign digital infrastructure as artificial intelligence workloads, data localisation and digital transformation accelerate across sectors. Global property consulting firm JLL acted as the exclusive advisor for the transaction through which BharathCloud established its datacentre ecosystem. The facility is hosted within CtrlS’ AI-ready Rated-4 datacenter ecosystem. Congratulating BharathCloud…

16 May

Narayana Schools shine in CBSE Class XII results, 27 students score above 97%

Business BureauBusiness

Narayana Schools has once again posted an impressive performance in the CBSE Class XII Board Examinations 2026, reaffirming its academic strength across West Bengal. A total of 2,144 students from the institution appeared for the examinations, with the schools recording an overall pass percentage of 95.4 per cent. The institution said 27 students secured 97 per cent and above, reflecting consistent academic excellence and strong student performance. Among the top achievers from Narayana Group of Schools, West Bengal, Sharanya Majumder secured 98 per cent, Olivia Mondal scored 97.8 per cent, while Purbasha Chakraborty, Krishanu Das and MD Zyed secured 97.6…

16 May

TCS CEO K Krithivasan’s Salary Grows to Rs 28 Crore in FY26

anuprova EditorBusiness

Tata Consultancy Services (TCS) CEO and Managing Director K Krithivasan received a salary of Rs 28 crore for the fiscal year 2025-26, which is a 6.3% increase over the previous year, according to the company's latest annual report. His total remuneration for the fiscal year included a salary of Rs 1.67 crore, benefits, perquisites and allowances of Rs 1.43 crore and a handsome performance-linked commission of Rs 25 crore. The annual report noted that the CEO’s total earnings were 332.8 times the median compensation of the tech giant’s workforce. On the other hand, Tata Group and TCS chairman N Chandrasekaran…

16 May

The Silent Threat: How Fatty Liver Disease Escapes Early Detection

Business BureauBusiness

Dr. Adi Rakesh Kumar is a Consultant Gastroenterologist, Therapeutic Endoscopist & Endosonologist at Yashoda Hospitals, Hyderabad Says, One of the most common liver diseases in the world is fatty liver disease, also referred to as non-alcoholic fatty liver disease (NAFLD). Its silent nature—the majority of people are unaware of the condition until it reaches severe stages—makes it more worrisome. The liver is a resilient organ that carries out vital tasks such nutrient storage, metabolism, and detoxification. Excess fat builds up inside liver cells in fatty liver disease, which frequently has no symptoms at first. Fatty liver usually develops slowly, making…

16 May

Eden Gardens set for massive makeover, capacity to rise to 85,000

Business BureauBusiness

Kolkata’s iconic Eden Gardens stadium is set for a major infrastructure transformation as global architecture firm Populous unveiled an ambitious redevelopment plan aimed at turning the historic venue into a world-class sports and entertainment hub. The proposed redevelopment will increase the stadium’s seating capacity from 68,000 to 85,000 while introducing modern infrastructure focused on safety, fan experience and commercial expansion. The project includes more than 41,000 sq. ft. of hospitality space and 44,000 sq. ft. of non-match day facilities. Corporate hospitality seating is also expected to rise by 30 percent. Built in 1864 and known as the “Home of Indian…

16 May

Godrej launches India’s first multi Ion battery technology for electric forklifts

Business BureauBusiness

Godrej Enterprises Group has introduced India’s first Multi Ion battery technology for electric forklifts, aiming to boost sustainability and efficiency in the country’s rapidly expanding logistics and warehousing sectors. The technology was launched by the group’s Material Handling Equipment (MHE) business on May 14 in Mumbai. The company said the new battery technology has been designed to reduce total cost of ownership by 25 per cent while ensuring higher uptime and cleaner industrial operations. The battery is built to last for the entire operational life of the forklift, addressing the growing demand for reliable and energy-efficient solutions in manufacturing, warehousing…

15 May

Fuel Prices Soar as State-Run Oil Companies Scrap 4-Year Rate Freeze

anuprova EditorBusiness

Petrol, diesel prices hiked by up to ₹3/litre across India from Friday, May 15, 2026; first major hike in over four years Petrol prices hiked to Rs 97.77 from Rs 94.77 in the national capital, while diesel is now priced at Rs 90.67 per litre. Other major metros saw even higher increases as local taxes kicked in; petrol in Mumbai touched Rs 106.68 and Kolkata’s rates crossed Rs 108.74. The sudden spike follows a long period of price stability, with state-owned oil marketing companies (OMCs) taking huge losses to protect consumers from volatile global markets. The price revision is largely…

14 May

New energy rules make 2026 ACs more efficient, consumers advised to check star labels

Business BureauBusiness

With summer driving up demand for air conditioners across the country, consumers are being advised to pay closer attention to star ratings, manufacturing year and ISEER values while purchasing ACs, as revised energy efficiency norms introduced from January 1, 2026, promise better long-term savings on electricity bills. The Bureau of Energy Efficiency (BEE) has updated star rating standards for air conditioners for the 2026–2027 period, making new AC models nearly 10 per cent more energy-efficient than those manufactured in 2025 or earlier. Under the revised norms, a 5-star split AC manufactured in 2026 must have an ISEER value of 5.6,…