Business - The Purbottar

05 Feb

Nemichand Bamalwa Jewellers launches flagship Guwahati showroom, expands luxury retail presence in Northeast

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Nemichand Bamalwa Jewellers (NCB), a nearly four-decade-old jewellery brand known for its transparency and craftsmanship, has announced the launch of its flagship showroom in Guwahati, marking a significant expansion of luxury jewellery retail in the Northeast. The store, located at Ganeshguri on GS Road, will open to the public on February 7, 2026. The showroom was officially unveiled by noted personality Nishita Goswami. With the new outlet, customers in Guwahati and across the Northeast will gain direct access to NCB’s signature collections, including wedding, bridal and party wear jewellery crafted in natural diamonds, gold, jadau and polki designs. NCB is…

05 Feb

Smart earners turn to personal loans to fund life goals without disrupting long-term investments

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Personal loans in India are undergoing a significant shift, moving away from their traditional image as tools meant only for emergencies. Increasingly, borrowers with stable jobs, steady incomes and disciplined investment habits are opting for personal loans to fund a wide range of planned needs from education, healthcare and home upgrades to travel, wellness and lifestyle aspirations. Industry trends indicate that post-Covid, many salaried professionals have reassessed what “investment” truly means. While they have continued systematic investments and long-term savings, there is a growing recognition that health, well-being and quality of life also require timely financial commitment. Rather than redeeming…

05 Feb

AI steps in as recruiters struggle to find right talent; LinkedIn study shows 71% using tech to spot hidden skills

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India’s hiring market remains buoyant, but recruiters are finding it increasingly difficult to match candidates with roles, according to new research released by LinkedIn on February 3, 2026. The study reveals that 74% of recruiters in India now struggle to find qualified candidates, even as hiring activity is running nearly 40% above pre-pandemic levels. The challenge is being driven by a widening volume-quality gap. More than half of recruiters facing hiring difficulties cited a surge in AI-generated applications, while 47% pointed to persistent shortages of in-demand skills. Nearly 48% said identifying genuine applications amid low-quality or misleading profiles has added…

05 Feb

South Africa woos Kolkata Inc. with MICE push at corporate think tank

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South African Tourism concluded the fifth edition of its flagship corporate engagement initiative, Corporate Think Tank, with Kolkata as the fourth and final stop of the current four-city series. The event brought together over 25 corporate leaders for discussions focused on business travel trends, collaboration opportunities and destination-led experiences. Designed to deepen engagement with India’s corporate sector, the initiative showcased South Africa’s growing strengths as a destination for meetings, incentives, conferences and exhibitions (MICE), alongside leisure travel. Through interactive sessions and destination presentations, the programme highlighted the country’s positioning as a value-driven and experience-rich choice for business events. Kolkata has…

05 Feb

JSW Cement Shares Jump Over 9% After Return to Profit in Q3

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JSW Cement shares surged over 9% on February 5 after the company reported a strong turnaround in its Q3FY26 financial performance, marking a return to profitability. The stock climbed to an intraday high of ₹127 following the announcement. For the quarter ended December 2025, JSW Cement posted a net profit of ₹130.6 crore, reversing a loss of ₹80.22 crore reported in the same period last year. Revenue from operations rose 13% year-on-year to ₹1,621 crore, supported by a 14% increase in cement volumes to 3.56 million tones. Operating performance also improved, with EBITDA rising 32% to ₹285.1 crore and margins…

05 Feb

Škoda Kylaq marks one year, crosses 50,000 sales; expands line-up with new variants and anniversary offers

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Škoda Auto India marked the first anniversary of its compact SUV Kylaq by announcing that the model has crossed the 50,000 sales milestone, underlining its growing footprint in the highly competitive sub-4-metre SUV segment. The automaker also unveiled an expanded variant portfolio and limited-period anniversary benefits for customers. Since its launch, the Škoda Kylaq has emerged as a key growth driver for the brand, contributing significantly to Škoda Auto India’s best-ever sales performance in 2025. To build on this momentum, the company has expanded the Kylaq range from four to six variants, now spread across 11 price points. The new…

04 Feb

Security Solutions business of Godrej Enterprises Projects Strong wedding season growth as home locker demand surges

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The Security Solutions business of Godrej Enterprises Group has announced a strong growth outlook for its home locker business this wedding season, with sales expected to grow by 20%, driven by rising consumer preference for secure, long-term gifting solutions amidst India’s peak marriage period. The wedding season has emerged as a critical consumption period for home security, driven by rising investments in gold, jewellery, cash, and important documents. With gold prices skyrocketing, the risk profile has gone up, and hence the need to secure the jewellery is a pressing need. Weddings are one of those events of household asset creation, and a…

04 Feb

Union Budget reinforces agriculture’s central role in Viksit Bharat vision: Godrej Agrovet

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Reacting to the Union Budget, Sunil Kataria, Managing Director & Chief Executive Officer of Godrej Agrovet Ltd, said the proposals place strong emphasis on productivity, resilience and inclusive growth, once again reaffirming agriculture as a key pillar in India’s journey towards Viksit Bharat. Kataria said the targeted focus on livestock, fisheries and allied sectors signals a clear policy shift towards diversified and income-resilient farm systems. He welcomed the introduction of loan-linked capital support for veterinary education, hospitals, diagnostics and breeding infrastructure, noting that the move would expand capacity and improve access to high-quality services across rural India. He said future…

04 Feb

Statement on Union Budget 2026–27: Shri Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development & Entrepreneurship and Minister of State for Education, Government of India

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The Union Budget 2026–27 presents a confident roadmap for India’s next phase of growth. I congratulate Hon’ble Prime Minister Shri Narendra Modi ji for his visionary leadership and thank Hon’ble Finance Minister Smt. Nirmala Sitharaman ji for a Budget that balances ambition with inclusion, and reforms with responsibility. This is a truly Yuva Shakti–driven Budget, anchored in the vision of Viksit Bharat 2047. By prioritising productivity, competitiveness and cutting-edge technologies, including AI, it lays a strong foundation for Viksit Bharat through sustained structural reforms and people-centric growth. It reinforces India’s steady economic trajectory through fiscal discipline, sustained growth and strategic…

03 Feb

INDIAWOOD 2026 set to be largest ever as India–EU trade push boosts woodworking sector

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INDIAWOOD 2026 is set to return to the Bangalore International Exhibition Centre (BIEC) from February 26 to March 2, positioning Bengaluru once again as a global hub for the woodworking and furniture manufacturing industry. Organised by NürnbergMesse India and supported by EUMABOIS, the 26th edition will be the largest in the event’s history. The biennial exhibition will host over 1,000 brands from more than 50 countries, attract upwards of 90,000 industry professionals, and cover 85,000 square metres of exhibition space—registering a 15 per cent increase over the previous edition. The scale of participation reflects growing global confidence in India’s manufacturing…