Business - The Purbottar

11 Jan

Nissan launches ‘Bold For The Brave’ republic bonanza for armed forces and police

Business BureauBusiness

Nissan Motor India has announced its exclusive ‘Bold For The Brave’ Republic Bonanza for defence personnel, paramilitary forces, and state police, offering significant benefits on its flagship SUV, the New Nissan Magnite. The initiative celebrates India’s 76th Republic Day by extending gratitude to the country’s protectors. Serving personnel of the Indian Armed Forces can book the Magnite via the CSD AFD Portal, availing benefits ranging from ₹72,000 to ₹1 lakh. For Central Paramilitary and State Police forces, savings up to ₹23,000 are available through bookings at Nissan dealerships. The offers are valid until January 31, 2025. The Nissan Magnite, a…

11 Jan

Global celebrations mark 18th Pravasi Bharatiya Divas with enthusiasm

Business BureauBusiness

The 18th Pravasi Bharatiya Divas (PBD) convention, held in Bhubaneswar, Odisha, from January 8-10, saw spirited celebrations across the globe, reflecting the strong bond between India and its diaspora. Indian missions worldwide participated actively, organizing a range of events to commemorate the occasion. In Seychelles, the Indian High Commission hosted a special screening of the PBD inauguration, while the Indian Embassy in Chile held a similar event to showcase the inaugural proceedings. The Indian Embassy in Riyadh, Saudi Arabia, brought the community together for a cultural evening featuring ghazals and songs by Mohammad Vakil. In Norway, over 200 people gathered…

11 Jan

Amount raised from capital markets may rise 21 percent to Rs 14.7 lakh crore in FY25: Sebi chief

Priyanka RoyBusiness, News

He said another Rs 1 lakh crore is expected to be raised through equity in the January-March quarter, taking the total amount raised through equity to Rs 4.3 lakh crore by the end of March 2025.Securities and Exchange Board of India Chairperson Madhabi Puri Buch on Friday said the amount raised from capital markets may rise 21 per cent to Rs 14.7 lakh crore in FY25 from Rs 11.8 lakh crore in the previous fiscal.The total resources raised from the domestic capital market in the first nine months (April-December) of the current fiscal stood at Rs 10.7 lakh crore, including…

10 Jan

Viraasat Handloom Expo celebrates India’s textile heritage in Guwahati

Business BureauBusiness

The vibrant Viraasat Special Handloom Expo was officially inaugurated today at Mahavir Dharm Sthal, Fancy Bazar, Guwahati. The week-long event, running from January 8 to 14, 2025, was launched by Jayant B. Mangalpalli, Assistant Director (Design), Ministry of Textiles, Development Commissioner (Handloom), WSC Guwahati. Organized by the Ministry of Textiles, Government of India, the Expo celebrates India’s rich handloom heritage and serves as a platform for weavers to showcase their craftsmanship. In his inaugural address, Mangalpalli emphasized the importance of sustainable and ethical fashion, urging support for handloom traditions that have been a part of India's culture for centuries. He…

10 Jan

IREDA Q3 results: Net profit rises 27% year-on-year to ₹425.35 crore; revenue rises 37%

Priyanka RoyBusiness, News

IREDA Q3 results: Indian Renewable Energy Development Agency (IREDA) announced its October to December quarter results on Thursday, January 9. The state-owned company's net profit rose 27 per cent to ₹425.38 crore in the third quarter of FY2024-25, as against ₹335.53 crore in the same quarter last year. Revenue from operations grew 37 per cent to ₹1,654.45 crore in the October to December quarter results of FY2024-25, as against ₹1,208.10 crore in the same quarter last year. The company's total expenses for the third quarter in FY 2024-25 rose 33.8 per cent to ₹1,160.78 as against ₹867.06 in the same…

09 Jan

CEAT expands retail footprint in North East with new CFA launch in Tripura

Business BureauBusiness

CEAT, a leading Indian tyre manufacturer, has further cemented its commitment to the North Eastern region with the inauguration of a new premium retail facility in Agartala, Tripura. The expansion highlights CEAT's focus on customer-centric growth and its dedication to enhancing accessibility and service across the North East. With the steady growth of four-wheeler sales in the region, CEAT sees immense potential for expanding its premium retail presence to meet the evolving demands of customers. Speaking on the occasion, Mr. Arnab Banerjee, MD & CEO, CEAT, said, “At CEAT, we are driven by our "Customer First" philosophy, which prioritizes the…

09 Jan

Mahindra launches top variant prices for BE 6 and XEV 9e; bookings open February 14

Business BureauBusiness

Mahindra has announced the prices for the top-end Pack Three variants of its premium Electric Origin SUVs—BE 6 and XEV 9e—during its Unlimit India Tech Day. The BE 6 Pack Three is priced at ₹26.9 lakh, while the XEV 9e Pack Three costs ₹30.5 lakh, with EMI options starting at ₹39,224 and ₹45,450 respectively. The announcement comes as Mahindra pushes its vision of making premium EV technology accessible. Bookings for these feature-loaded Pack Three variants, equipped with a powerful 79 kWh battery delivering over 500 km of real-world range, will commence on February 14, 2025. Phased test drives start January…

09 Jan

Anil Agarwal to lead riverside studios, bridges global art & culture

Business BureauBusiness

In a groundbreaking move that promises to reshape the global art and cultural landscape, Anil Agarwal, Founder and Chairman of Vedanta Group, has taken charge of the iconic Riverside Studios in London. Renamed as the ‘Anil Agarwal Riverside Studios Trust,’ the 100-year-old studio, located on the north bank of the River Thames, is set to become a global hub for artistic expression. Over its rich history, the venue has hosted legends such as The Beatles, David Bowie, and David Hockney. “I believe art has the power to unite people and transcend boundaries,” said Agarwal, unveiling plans to turn Riverside Studios…

09 Jan

Natural Gas Futures jump on High Demand and Limited Supply

Priyanka RoyBusiness, News

Natural gas futures rose on Wednesday due to strong demand caused by weather in the United States. This increased demand coincides with limited supply due to some production freeze-offs. Despite prices dipping in the previous session, cold forecasts for the third week of January are causing a bullish rebound, according to a note from Eli Rubin of EBW Analytics. Rubin pointed out that the market is underestimating the scale of the significant national storage draws expected to take place in January. He added that the freeze-off period could be longer than initially thought. Below-average storage draws for the prior week…

08 Jan

Paytm shares have fallen over 7% after it posted no UPI market share upgrade in December, according to NPCI data

Priyanka RoyBusiness, News

Shares of One97 Communications, the parent company of payment aggregator Paytm, fell as much as 7.5 percent to Rs 907 per share on January 8 after a UBS report showed Paytm did not gain any UPI market share in December, according to NPCI data. Despite getting approval to add customers in October, Paytm's UPI market share has nearly halved, falling from 10 per cent at the start of 2024 to just 5.5 percent by the end of the year. Even during the October-November period, Paytm's market share remained stable at 5.5 percent. Paytm's monthly transacting users (MTUs) have also declined…