Business - The Purbottar

15 Jul

Navi Mumbai International Airport Goes Global: Air India Express Connects MMR to Abu Dhabi in Landmark Flight

anuprova EditorBusiness

Navi Mumbai International Airport (NMIA) officially entered the global aviation map on July 15, 2026, with the successful launch of its first scheduled international flight to Abu Dhabi, United Arab Emirates. Operated by Air India Express, the inaugural thrice-weekly service marks a massive milestone for the greenfield facility, commencing international operations less than 200 days after the airport initiated domestic flights on December 25, 2025. The landmark event also ensures that every facility managed under the portfolio of Adani Airport Holdings Limited (AAHL) is now internationally connected. According to AAHL Chief Executive Officer Arun Bansal, this launch kicks off a…

14 Jul

Nothing launches Phone (4b) in India at ₹29,999, sales begin July 14

Business BureauBusiness

London-based consumer technology brand Nothing has announced the commencement of sales for its new Phone (4b), marking the debut of its new (b) smartphone series aimed at making the company's ecosystem more accessible to consumers. The smartphone will be available for purchase from July 14 through Flipkart and leading retail chains, including Croma, Reliance Digital and Vijay Sales. The Nothing Phone (4b) is priced at an effective ₹29,999 for the 8GB + 128GB variant and ₹33,699 for the 8GB + 256GB model, inclusive of a 7.5 per cent instant bank discount and exchange bonus. The device is available in Black,…

14 Jul

Park Avenue enters women’s perfume segment with ‘For Her’ fragrance range

Business BureauBusiness

Godrej Consumer Products Ltd. (GCPL) has expanded its Park Avenue Fragrances portfolio by entering the women’s perfume segment with the launch of the ‘Park Avenue for Her’ Eau De Parfum range, aiming to tap into the growing demand for premium fragrances among women in India. The new collection features four variants—Poise, Grace, Verve and Allure—offering a mix of fresh, floral, spicy and warm woody notes designed to suit different moods and occasions. The products are available in 100 ml bottles priced at Rs 799 and a four-piece discovery gift set featuring 20 ml bottles of each fragrance for Rs 849.…

14 Jul

Private Lenders Lead Banking Rally as Investors Shift Focus from PSU Banks

nanika EditorBusiness

Private bank stocks have emerged as the top performers in the banking sector during FY27, significantly outperforming both public sector banks and the broader equity market. According to ACE Equity data, the Nifty Private Bank Index has gained nearly 17 per cent so far this fiscal, surpassing the Nifty 50’s rise of around 8.4 per cent, the Nifty PSU Bank Index’s 7.5 per cent gain, and the Nifty Bank Index’s 15.6 per cent increase. Market analysts attribute this strong performance to stable asset quality, improving business prospects, treasury gains, and supportive measures introduced by the Reserve Bank of India. These…

14 Jul

Indian Equities Plunge as Geopolitical Friction Spikes Global Oil Prices

anuprova EditorBusiness

Indian benchmark indices opened sharply lower on Tuesday as escalating geopolitical tensions in the Middle East rattled investor confidence. The BSE Sensex plummeted over 300 points in early trade, tracking deep losses across global markets following renewed military friction between the United States and Iran. This escalating conflict has injected fresh volatility into global energy channels, sending Brent crude prices surging toward $85 per barrel. The sudden spike in crude oil prices has triggered widespread selling across domestic sectors, with automobile, real estate, and financial stocks bearing the brunt of the downturn. As the world’s third-largest consumer and importer of…

14 Jul

L&T Finance posts record Q1 profit as loan book crosses ₹1.29 lakh crore

Business BureauBusiness

L&T Finance Ltd. (LTF) reported its highest-ever quarterly consolidated profit after tax (PAT) of ₹902 crore for the quarter ended June 30, 2026, marking a 29 per cent year-on-year (YoY) increase, driven by strong retail lending and sustained business growth. The non-banking financial company (NBFC) also recorded its highest-ever consolidated loan book of ₹1,29,634 crore, up 27 per cent YoY, while its retail book expanded 28 per cent to ₹1,27,535 crore. Retail disbursements during the quarter rose 36 per cent YoY to ₹23,852 crore. The company said it is accelerating technology deployment as part of its strategy to become an…

14 Jul

Flipkart’s food business surges as Gen Z and Bharat reshape consumption

Business BureauBusiness

Flipkart has reported a 50 per cent year-on-year growth in its food and nutrition category, driven by strong demand from Gen Z consumers and shoppers across Tier 2 and Tier 3 markets, signalling a structural shift in India's food retail landscape. The company said non-metro markets now contribute 65 per cent of category demand, while Flipkart Minutes accounts for 25 per cent, highlighting the rapid adoption of quick commerce. The growth was showcased at Flipkart Food Fest 3.0, which brought together more than 50 leading brands, over 1,000 creators, celebrity chefs and entertainers, alongside over 10 product launches. According to…

14 Jul

Flipkart reports 50% growth in food and nutrition category as Gen Z and Bharat fuel demand

Business BureauBusiness

Flipkart has reported a 50 per cent year-on-year growth in its food and nutrition category, driven by Gen Z consumers and shoppers from Tier 2 and Tier 3 markets, signalling a significant shift in India's food consumption patterns. The homegrown e-commerce marketplace said Flipkart Minutes accounted for 25 per cent of overall category demand, while non-metro markets contributed 65 per cent of total demand, reflecting rising adoption of healthier and premium food products beyond major cities. The company said Gen Z recorded 60 per cent annual growth, with products such as protein oats, protein peanut butter, gourmet chocolates and protein…

14 Jul

Comic book series puts life insurance into everyday stories for Indian families

Business BureauBusiness

A young insurance advisor named Supriya is at the heart of a new initiative that seeks to make life insurance easier to understand for millions of Indian families. In a move aligned with the vision of “Insurance for All”, Shri Ajay Seth, Chairman of the Insurance Regulatory and Development Authority of India (IRDAI), unveiled a Consumer Awareness Comic Book Series designed to simplify insurance concepts through relatable storytelling rather than technical jargon. Launched on the occasion of National Insurance Awareness Day, the comic series explains important concepts such as the Married Women’s Property (MWP) Act, Waiver of Premium (WoP) and…

13 Jul

WHISKAS launches Indian Fish Range inspired by Rohu and Catla

Business BureauBusiness, North East

WHISKAS®, a leading cat food brand in India, has launched its new Indian Fish Range, introducing what it describes as the country's first locally inspired cat food innovation featuring Rohu and Catla fish. The new range combines the brand's signature Crunchy Creamy Yummy Pockets™ with formulations developed to provide 100 per cent complete and balanced nutrition for cats. Conceptualised by 22feet, part of Omnicom Advertising India, the campaign features Bollywood actor and cat lover Mrunal Thakur, highlighting the shift from home-cooked feeding to scientifically formulated pet nutrition. The company said the product addresses a common feeding practice in Indian households,…