Business - The Purbottar

29 Aug

Infosys Working With Agencies to Trace CEO After Nepal Floods

nanika EditorBusiness

Infosys has said Lax Gopisetty, CEO of its public services business in the US and Canada, remains unreachable following the deadly floods that struck Nepal on Wednesday. According to the IT services major, Gopisetty was visiting the region in a personal capacity when the disaster occurred. In a statement, Infosys said its immediate priority is to ensure his safety and wellbeing and that it is working with relevant agencies to gather information and establish contact. The company added that it remains in close communication with Gopisetty’s family and is providing all necessary support during the difficult situation. Infosys also expressed…

29 Aug

Peyman Kargarto take over as TVS Motor CEO from January 2027

Business BureauBusiness

TVS Motor Company on Friday announced the appointment of Peyman Kargar as its new Director and Chief Executive Officer, effective January 27, 2027, succeeding K. N. Radhakrishnan. Radhakrishnan will continue as Director and CEO until the transition takes effect and will subsequently serve as a Non-Executive Director until the company’s ensuing Annual General Meeting scheduled for July 2027. Kargar, who currently serves as President of International Business at TVS Motor Company, brings more than three decades of experience in the global automotive industry. The leadership transition comes as the company seeks to accelerate its next phase of growth, product innovation,…

29 Aug

Manipal Hospitals East strengthens Sikkim healthcare outreach with hybrid specialist care model

Business BureauBusiness

Manipal Hospitals East has expanded its healthcare outreach in Sikkim by introducing teleconsultation services at the Central Referral Hospital (CRH), Sikkim Manipal University, alongside regular on-ground visits by specialist doctors from its hospitals in Siliguri, Rangapani and Kolkata. Under the initiative, patients visiting the CRH OPD can connect with specialist doctors through video consultations, enabling them to continue treatment, seek expert medical advice and receive critical guidance without having to travel during periods of landslide-related road disruptions and other mobility challenges. The teleconsultation service complements the monthly specialist visits already undertaken by doctors from Manipal Hospital Siliguri and Manipal Hospital…

29 Aug

Claims settlement emerges as the real test of trust in life insurance

Business BureauBusiness

Claims settlement remains the ultimate test of trust in the life insurance sector, as customers increasingly look beyond premiums and policy benefits to assess whether an insurer will deliver when it matters most. India’s life insurance industry collected premiums worth ₹8.86 lakh crore in FY2024-25, marking a 6.73% increase over the previous year. However, life insurance penetration declined to 2.7% of GDP, highlighting the challenge of expanding insurance protection and strengthening customer confidence. Axis Max Life said claims performance should be viewed as a key indicator of an insurer’s ability to fulfil its promise. The company’s individual death claims paid…

29 Aug

Gen Z hosts drive Airbnb growth in India as Guwahati joins emerging markets

Business BureauBusiness

India’s Gen Z is increasingly moving from being travellers to becoming hosts, with the number of Airbnb hosts aged 18 to 29 growing nearly 40 per cent year-on-year in the first half of 2026, according to new data released by Airbnb. Nearly two in five new Airbnb hosts in India are now from the Gen Z age group, while their earnings through the platform rose by over 60 per cent during January-June 2026 compared to the corresponding period last year. The growth has been recorded across major metros and emerging destinations, including Bengaluru, Delhi, Gurugram, Indore, Mumbai and Noida. Indore…

29 Aug

Bajaj General Insurance launches health cover that includes pets as family members

Business BureauBusiness

Bajaj General Insurance Limited has launched “My Family Complete”, a health insurance policy that allows pet dogs and cats to be covered as insured family members under a single health protection plan. The company said the policy, described as India’s first integrated family health plan to include pets, is aimed at replacing separate insurance covers for human family members and pets with a unified framework. The plan offers sum insured options ranging from Rs 5 lakh to Rs 5 crore, with policy tenures of up to five years. It covers adults, dependent children and pet dogs and cats, subject to…

28 Aug

India sends 47.5 tonnes of relief aid to flood-hit Nepal

Business BureauBusiness

India has stepped up humanitarian assistance to flood-hit Nepal, dispatching a total of 47.5 tonnes of relief material, medicines and food supplies over two days as External Affairs Minister S. Jaishankar reviewed the situation and efforts to assist affected Indian citizens. The first consignment of 10 tonnes of humanitarian assistance and disaster relief material was sent to Kathmandu on August 26. This was followed by a second consignment of 37.5 tonnes on August 27 aboard a special Indian Air Force aircraft. Jaishankar chaired a high-level review meeting in New Delhi with the Foreign Secretary, senior Ministry of External Affairs officials…

28 Aug

MG launches Hector Tomahawk EV and PHEV in India

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JSW MG Motor India has unveiled the MG Hector Tomahawk, offering the SUV in both electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) versions. The Hector Tomahawk is the first SUV built on MG's ADAPT platform, which the company describes as India's first Multi-New Energy Vehicle platform. The EV variant has been introduced at an introductory Battery-as-a-Service (BaaS) price of ₹13.99 lakh, along with a battery rental charge of ₹4.90 per km for a limited number of bookings. Its introductory ex-showroom price starts at ₹19.49 lakh. The PHEV version starts at ₹21.79 lakh under the BaaSprogramme, with a battery…

28 Aug

MG launches Hector Tomahawk EV and PHEV in India

Business BureauBusiness

JSW MG Motor India has unveiled the MG Hector Tomahawk, offering the SUV in both electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) versions. The Hector Tomahawk is the first SUV built on MG's ADAPT platform, which the company describes as India's first Multi-New Energy Vehicle platform. The EV variant has been introduced at an introductory Battery-as-a-Service (BaaS) price of ₹13.99 lakh, along with a battery rental charge of ₹4.90 per km for a limited number of bookings. Its introductory ex-showroom price starts at ₹19.49 lakh. The PHEV version starts at ₹21.79 lakh under the BaaSprogramme, with a battery…

28 Aug

Kolkata investors show strong interest in crypto, gold and US stocks: Mudrex

Business BureauBusiness

Kolkata is emerging as an active market for investors seeking opportunities beyond traditional asset classes, with more than 1,000 traders and investors participating in TradeIQ, according to crypto exchange and tokenised real-world asset trading platform Mudrex. The event, held in Kolkata, saw strong interest among participants in cryptocurrencies, tokenised gold and US stocks, as investors explored ways to diversify their portfolios and gain access to global markets through a single platform. Attendees sought information on getting started with crypto trading and investing, strategies for investing in gold, and opportunities in US equities, reflecting a growing appetite for newer and globally…