Business - The Purbottar

05 Aug

Adani Group presents Vande Bharatam initiative to Assam CM

Business BureauBusiness

Representatives of the Adani Group on Monday met Assam Chief Minister Himanta Biswa Sarma as part of the nationwide outreach for Vande Bharatam, an entrepreneurship and innovation initiative launched by Adani Group Chairman Gautam Adani, and presented him with a programme kit, memento and a letter highlighting the initiative's objectives. During the meeting, the delegation briefed the Chief Minister on the initiative's vision of promoting innovation, entrepreneurship and grassroots talent across the country. According to the Adani Group, the programme has already received more than 400 applications from Assam, reflecting growing interest among aspiring entrepreneurs in the state. The Chief…

05 Aug

RBI Governor on UPI Fees: ‘Someone Has To Pay The Cost’

sunny EditorBusiness

RBI Governor Sanjay Malhotra has responded to growing speculation over the possibility of charges on UPI transactions, saying it is too early to comment on the issue but emphasizing that maintaining the country's digital payment infrastructure comes at a cost. Speaking after the Monetary Policy Committee (MPC) meeting, Malhotra was asked whether UPI transactions could attract charges in the future. He said the matter remains premature as the government is still considering proposed legislative changes. However, he added that “someone has to pay the cost” of running and strengthening the digital payments ecosystem. The governor clarified that while UPI appears…

05 Aug

Nestlé India Says FMCG Demand Softens, Long-Term Outlook Stays Strong

nanika EditorBusiness

Nestlé India has said that consumption in the fast-moving consumer goods (FMCG) sector has slowed, but remains confident that its medium- to long-term growth outlook is strong. The company noted that India continues to offer one of the world's most promising long-term consumer markets, despite ongoing economic and geopolitical challenges. Company Chairman Suresh Narayanan Tiwary said the business continues to face uncertainties related to energy costs, packaging materials, edible oil prices, shipping disruptions, and currency volatility. However, he expressed confidence in the company's ability to navigate these challenges while continuing to meet evolving consumer demand. Nestlé India is expanding its…

05 Aug

Yamaha revives MotoGP editions, expands FZ colour range in India

Business BureauBusiness

India Yamaha Motor Pvt. Ltd. on Tuesday announced the return of the popular Monster Energy Yamaha MotoGP Edition for the R15 V4 and MT-15 Version 2.0 motorcycles, citing strong customer demand for its racing-inspired models. The company also expanded the colour palette of its FZ range with new shades and updated graphics for the 2026 lineup. The latest MotoGP editions of the Yamaha R15 V4 and MT-15 Version 2.0 feature the brand’s signature MotoGP-inspired livery across the tank shrouds, fuel tank and side panels, along with race-bred graphics and premium styling elements aimed at enhancing their sporty appeal while reinforcing…

05 Aug

Tata Motors strengthens circular economy push with new vehicle scrapping facility in Patna

Business BureauBusiness

Tata Motors has expanded its vehicle recycling network with the inauguration of a new Re.Wi.Re (Recycle With Respect) Registered Vehicle Scrapping Facility (RVSF) in Patna, reinforcing its commitment to sustainable mobility and the circular economy. Inaugurated by Bihar Transport Minister DamodarRawat, the facility is spread across 5.5 acres, operated by the KalahanuBothra Group, and can safely dismantle up to 15,000 end-of-life vehicles annually across all brands and segments, including two-wheelers, three-wheelers, passenger vehicles and commercial vehicles. The minister said the facility supports the National Vehicle Scrappage Policy by enabling scientific disposal of old and unfit vehicles while encouraging owners to…

05 Aug

Boltt gears up for smartphone debut with Evo and Ace 5G launch on August 25

Business BureauBusiness

Homegrown smartphone brand boltt, backed by the Fire-Boltt group, has announced that it will launch its much-anticipated Evo and Ace 5G smartphones on August 25, marking its formal entry into India's competitive smartphone market. The company also unveiled a strategic partnership with Flipkart as the Title Sponsor of the e-commerce platform's Freedom Sale 2026, a move aimed at building nationwide brand visibility ahead of the product launch. The sponsorship coincides with Flipkart's Freedom Sale, scheduled from August 7 for early access members and from August 8 to August 15 for all customers. boltt said the campaign is part of its…

05 Aug

ICICI Prudential expands protection portfolio with affordable 10-year life cover

Business BureauBusiness

ICICI Prudential Life Insurance has expanded its protection portfolio with the launch of a 10-year life cover option under its ICICI PruiProtect Smart Plus plan, targeting customers with short-term financial obligations such as home loans, children's education expenses and business loans. The new offering is designed to provide higher life cover at lower premiums during the period when financial responsibilities are typically at their peak. Apart from life insurance coverage, the plan includes complimentary health and wellness services worth up to ₹67,100, an instant claims payout of ₹3 lakh and a 100 per cent payout on the diagnosis of a…

05 Aug

Nissan TEKTON convoy enters India Book of Records after Himalayan drive

Business BureauBusiness

Nissan Motor India Pvt. Ltd. (NMIPL) has secured a place in the India Book of Records after a convoy of 60 all-new Nissan TEKTON premium SUVs completed what the company said was the largest single-model four-wheeler convoy to reach Leh. The achievement coincides with the automaker's celebration of 75 years of its global SUV heritage. The five-day expedition covered more than 700 kilometres, beginning in Chandigarh and passing through Manali and Zangla via Shinku La before culminating in Leh. During the journey, the convoy climbed from 1,053 feet in Chandigarh to Shinku La Pass at 16,703 feet before descending to…

04 Aug

Renault clarifies ownership of Chennai manufacturing facility

Business BureauBusiness

Renault Group has clarified that its manufacturing facility in Chennai has been fully owned by the company since September 2025, urging stakeholders and the media to refer to the plant accurately in future communications. The company said the facility, which manufactures vehicles for both Renault and Nissan, continues to be occasionally described as the "Nissan plant" or "Nissan factory". However, Renault stated that such references are no longer factually correct as the Chennai manufacturing facility is now a Renault-owned plant. According to the company, the facility produces vehicles for both Renault and Nissan for the domestic market as well as…

04 Aug

Indian Benchmarks Flatline as Investors Await Upcoming RBI Interest Rate Decision

anuprova EditorBusiness

Indian equity markets opened on a subdued note, with both the BSE Sensex and NSE Nifty 50 moving in a narrow range as market participants preferred to remain on the sidelines ahead of the Reserve Bank of India’s (RBI) Monetary Policy Committee decision. Benchmark indices showed minimal variation in morning trade, reflecting a cautious consensus across domestic brokerage desks and institutional investors. Broader sectoral activity presented a mixed picture, with defensive pockets offering modest support while rate-sensitive banking and real estate shares experienced range-bound trading as traders awaited clear policy signals regarding key interest rates. Economists and market analysts widely…