Business - The Purbottar

22 Apr

ADNIC gets GIFT City nod, expands India presence to boost reinsurance growth

Business BureauBusiness

Abu Dhabi National Insurance Company (ADNIC) has secured regulatory approval to establish a branch in India’s International Financial Services Centre at GIFT City, marking a key milestone in its international expansion strategy. The licence to undertake reinsurance business became effective from April 1, 2026. The development builds on ADNIC’s existing cross-border reinsurance operations in India and follows its recent entry into the Saudi Arabia market. The company said the India branch will support long-term growth by diversifying revenue streams and strengthening service capabilities across high-growth markets. It is also expected to deepen UAE–India economic ties in line with both countries’…

22 Apr

Turkish Airlines Open 2026 to boost global golf tourism

Business BureauBusiness

Turkish Airlines has announced a strong line-up for the 2026 Turkish Airlines Open, with Major champion Francesco Molinari and Rolex Series winner Paul Waring confirmed to headline the event. The tournament will be held at the National Golf Club in Antalya from April 30 to May 3, marking the fifth and final stop of the DP World Tour’s Asian Swing. Title-sponsored by Turkish Airlines since 2013, the tournament has consistently attracted global golfing icons, including Tiger Woods, Sergio Garcia, Tyrrell Hatton, Justin Rose and Rory McIlroy. Molinari, a six-time DP World Tour winner, made history in 2018 by becoming the…

22 Apr

Godrej Tooling business eyes 15% growth, showcases advanced capabilities at TAGMA 2026

Business BureauBusiness

Godrej Enterprises Group’s Tooling business is showcasing its advanced engineering capabilities at TAGMA 2026 while targeting a 10–15% year-on-year growth over the next two to three years, driven by strong demand from automotive and electric vehicle (EV) sectors. The company reported steady progress over the past three years, with orders rising nearly 25% in the current year. EV-related projects now contribute close to 20% of the total order book, reflecting increasing demand for high-precision tooling solutions to support new-age vehicle platforms and lightweight materials. At the event, the company is displaying its capabilities at Hall 2, H02, including IoT-enabled tools…

22 Apr

Hyundai Motor and TVS Motor Formalize Partnership to Drive Electric Three-Wheeler Commercialization for India’s Last-Mile Mobility

Business BureauBusiness

Hyundai Motor Company and TVS Motor Company have signed a Joint Development Agreement (JDA) to develop and commercialise electric three-wheelers (E3Ws) tailored for India’s last-mile mobility needs. The move follows the successful showcase of the concept at the Bharat Mobility Global Expo 2025. Under the pact, Hyundai will lead design and co-development, leveraging its R&D capabilities, advanced mobility technologies and human-centric design approach. TVS Motor will contribute its electric three-wheeler platform, engineering expertise and deep understanding of Indian customers, while also leading local sales and manufacturing for domestic demand and exports. Senior Vice President Joongsun Ko said the collaboration aims…

22 Apr

From awareness to action: India’s retirement readiness faces reality check

Business BureauBusiness

A growing gap between financial awareness and actual planning is leaving many Indian households vulnerable in their retirement years, according to insights drawn from the India Retirement Index Study (IRIS) 5.0. Despite widespread familiarity with financial products and investment tools, experts warn that most Indians continue to treat retirement planning as a non-urgent priority, creating what is described as an “Awareness–Action Divide.” The report highlights behavioural patterns such as optimism bias and dependency bias, where individuals rely on future windfalls or family support, even as traditional joint family structures decline. Inaction bias further delays decision-making, with many waiting for the…

21 Apr

Low voltage can spike AC bills by 50%, finds V-Guard study

Business BureauBusiness

A new study by V-Guard Industries has flagged a major but often overlooked factor behind rising electricity bills—low voltage. The research, validated by a NABL-accredited laboratory, shows that sub-optimal voltage can increase air conditioner power consumption by up to 50%, acting as an “efficiency tax” on households. The study examined multiple 1.5-ton AC units from leading brands and found that when voltage drops to 140V–180V—a common occurrence during peak summers—the compressor’s efficiency declines sharply. This forces the AC to run longer to achieve the same cooling, significantly increasing energy usage. V-Guard Managing Director Mithun K Chittilappilly said many consumers misunderstand…

21 Apr

Sunrise Spices showcases Assam’s tribal heritage with ‘Kristir Milan Setu’ during Rongali Bihu

Business BureauBusiness

Sunrise Spices marked Rongali Bihu with a four-day cultural celebration, ‘Kristir Milan Setu – Bridge of Cultural Unity’, bringing Assam’s diverse tribal dance traditions onto a single platform. Held from April 14 to April 17, the initiative highlighted the state’s rich cultural heritage while reinforcing the brand’s deep-rooted connection with Assam. The event featured traditional dance forms including Assamese, Bodo, Karbi, Rabha and Mising, turning the festive week into a vibrant cultural showcase. A total of 56 groups from across the state participated, presenting performances rooted in authenticity and community pride. Each day focused on a different cultural expression, creating…

21 Apr

Apple Leadership Shift: Continuity, AI, and the Quest for Innovation

nanika EditorBusiness

Apple Inc. is preparing for a historic leadership transition. The company has announced that longtime leader Tim Cook will step down in September, passing the torch to John Ternus, the company’s current hardware chief. To mark the announcement, Apple released an image of the two executives walking together at the company’s Cupertino campus. Clad in similar attire and sharing a smile, the visual narrative suggests a smooth handover and a commitment to preserving the legacy Cook built over his tenure. However, the transition comes at a pivotal moment for the tech giant. While Cook leaves behind a stable empire generating…

21 Apr

India clears Maritime Insurance Pool, industry sees boost to risk stability and trade confidence

Business BureauBusiness

The Indian government’s approval of a Bharat Maritime Insurance Pool for Indian ships has been hailed as a significant policy move aimed at strengthening the country’s shipping and risk management ecosystem. Reacting to the development, Rishi Mehra, CEO (India) and Head of Strategy, Human Capital, Asia Pacific at Aon, described the decision as a “landmark step” toward enhancing maritime resilience and economic sovereignty. He noted that the initiative would help provide cost stability and build domestic expertise by enabling locally underwritten risk capacity. According to Mehra, this would protect India’s shipping industry from global uncertainties while reinforcing confidence in key…

21 Apr

Cancer care success strengthens Manipal Hospitals’ presence in North Bengal

Business BureauBusiness

Manipal Hospital Rangapani has treated a 71-year-old music teacher from Cooch Behar who overcame throat cancer and regained his voice after months of intensive treatment. Mr. Amalesh Choudhury, a respected music school principal, was diagnosed with throat cancer after prolonged throat discomfort. Concerned about losing his voice central to both his profession and identity, he sought treatment at Manipal Hospital under Dr. Sourav Guha, Consultant Radiation Oncology. Choudhury underwent 30 sessions of radiation therapy along with five cycles of chemotherapy. Despite the physical and emotional challenges, hospital officials said his disciplined approach and positive outlook contributed significantly to his recovery.…