Business - The Purbottar

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…

08 Jan

Every great achievement begins with a small step, start investing consistently

Business BureauBusiness

Every great achievement has begun with a small step. Before we learn to walk, we must stand and take that first step. Similarly, creating wealth requires starting small, investing consistently, and staying disciplined. While traditional investment options were once the norm, today’s financial landscape offers multiple choices. Among them prominently that stands out is Mutual Funds through Systematic Investment Plans (SIPs), a powerful and accessible way to build wealth. In a world where financial stability and wealth creation are paramount, achieving long-term financial goals can feel intimidating, especially when starting with limited resources. SIPs allow you to begin investing with…

08 Jan

Okaya EV proudly unveils its new brand identity OPG Mobility

Business BureauBusiness

In a strategic move to meet the growing demands of India’s electric mobility market, Okaya EV has proudly unveiled its new brand identity, OPG Mobility. This rebranding reflects the company’s unwavering commitment to cutting-edge design, future-ready technology, and durable, safe products that address the evolving needs of India’s dynamic consumer base. To cater to the increasing demand, OPG Mobility will also leverage a wide dealer network across the country. The brand will encompass two sub-brands: Ferrato, dedicated to premium electric motorcycles and scooters, and OTTOPG, focused on passenger and cargo three-wheelers. At the Bharat Mobility Global Expo 2025, OPG Mobility…

08 Jan

Vi announce a strategic partnership with Lionsgate Play

Business BureauBusiness

Vi, India’s leading telecom operator, has announced a strategic partnership with premium streaming service Lionsgate Play, unlocking an exclusive library of top-tier content. Featuring action blockbusters, iconic franchises, acclaimed films and series, global awards, exclusive premieres, and a range of dubbed content, Lionsgate Play promises an unmatched entertainment experience. This collaboration further expands Vi’s OTT portfolio, providing a premium, diverse library of Hollywood movies, original series, international titles and more at an affordable price. Vi Movies & TV is designed to cater to the diverse entertainment needs of consumers, via aggregation of the top OTTs through a single app and…