Business - The Purbottar

04 Aug

FSSAI Restricts Sale of Dabur Products with ‘100%’ Claim Over Advertising Rule Violations

sunny EditorBusiness

The Food Safety and Standards Authority of India (FSSAI) has issued a prohibition order against Dabur India Ltd, directing the FMCG company to immediately stop the sale of several food products carrying allegedly misleading ‘100%’ claims. The action covers products including honey, apple cider vinegar, virgin coconut oil, sesame oil, cow ghee, coconut water and coconut milk, which were marketed on Dabur’s website with claims such as ‘100% Natural’, ‘100% Pure’, ‘100% Purity Guaranteed’, ‘100% Organic’ and ‘100% Tender Coconut Water’. According to FSSAI, these claims violate the Food Safety and Standards (Advertising and Claims) Regulations, 2018. The regulator stated…

04 Aug

Tata Salt tops laboratory purity test among 100 salt brands

Business BureauBusiness

Tata Salt has said it continues to strengthen its position in India's iodized salt market after a laboratory test found it to have the highest purity among 100 salt samples tested, while also meeting mandated iodine standards. The company said the findings reinforce its position as a trusted choice for households seeking both purity and nutritional quality. According to Tata Salt, the laboratory validation highlights the brand's continued focus on maintaining stringent quality standards and ensuring adequate iodine levels in every pack. The company said its products undergo rigorous testing against internal quality benchmarks as well as regulatory requirements to…

04 Aug

Imperial Blue Packaged Drinking Water becomes title sponsor of Assam Premier League

Business BureauBusiness

Tilaknagar Industries Limited (TI) has announced that Imperial Blue Packaged Drinking Water will be the title sponsor of the inaugural Assam Premier League (APL), with the tournament set to be officially known as the Imperial Blue Packaged Drinking Water Assam Premier League. The franchise-based T20 tournament will be held from August 1 to August 23, 2026, at the ACA Stadium in Guwahati. Organised by the Assam Cricket Association (ACA), the league will feature eight franchises, 43 matches, and showcase cricketing talent from across Assam. With two matches scheduled daily, the tournament aims to provide emerging players with a competitive platform…

04 Aug

TVS Motor records highest-ever monthly sales of 6.30 lakh units in July

Business BureauBusiness

TVS Motor Company on Monday reported its highest-ever monthly sales, registering 6,29,675 units in July 2026, marking a 38 per cent increase over 4,56,350 units sold during the corresponding month last year. The company also achieved record monthly sales across its international business, electric two-wheelers and three-wheeler segments. According to the company, total two-wheeler sales rose 38 per cent to 6,03,138 units in July 2026 from 4,38,790 units in July 2025. Domestic two-wheeler sales recorded a stronger 42 per cent growth, increasing to 4,37,394 units compared to 3,08,720 units in the same period last year. The electric vehicle segment witnessed…

04 Aug

Hyatt rolls out dining rewards campaign across India and Southwest Asia

Business BureauBusiness

Hyatt India & Southwest Asia has launched its new food and beverage campaign, "Made With Love. Served With Rewards.", offering World of Hyatt members double reward points on eligible dining spend at participating Hyatt restaurants and bars across India and Southwest Asia from August 1 to September 30, 2026. The campaign comes amid growing demand for regular restaurant dining. Citing a 2025 Rakuten Insight survey, Hyatt said 54% of respondents across the region dine out several times a week or more, reflecting a shift towards making restaurant visits part of everyday life rather than limiting them to special occasions. Under…

03 Aug

Nissan posts 218% domestic sales surge as TEKTON drives growth momentum

Business BureauBusiness

Nissan Motor India Pvt. Ltd. (NMIPL) has reported a sharp turnaround in its domestic business, posting a 218% year-on-year increase and a 50% month-on-month rise in domestic wholesale volumes for July 2026, aided by the launch of the all-new Nissan TEKTON SUV and an expanding product portfolio. The company said it recorded domestic wholesales of 4,518 units, export wholesales of 4,821 units and total wholesales of 9,339 units during the month. Customer deliveries of the all-new Nissan TEKTON began across India on July 20, following its global premiere on July 9, strengthening Nissan’s SUV lineup alongside the Magnite and Gravite.…

03 Aug

Cigarette Stocks Rally as Investors Bet on Price Hikes to Offset Tax Burden

anuprova EditorBusiness

Shares of major tobacco manufacturers, including ITC Limited and Godfrey Phillips India, gained up to 5% as investors rallied behind expectations that the companies will successfully navigate higher government taxation through strategic price hikes. The surge comes despite widespread market concerns over recent excise duty increases, which initially raised fears of squeezed operating margins and declining sales volumes across the sector. Market sentiment turned sharply optimistic following channel checks and industry reports indicating that key players have begun implementing price revisions across their premium and value product lines. Analysts highlight that cigarette consumption in India historically demonstrates strong demand inelasticity,…

03 Aug

Aadhar Housing Finance posts 19% profit growth in Q1, AUM rises 18%

Business BureauBusiness

Aadhar Housing Finance Ltd reported a 19% year-on-year increase in profit after tax (PAT) to ₹282 crore for the first quarter of FY27, driven by strong growth in assets under management (AUM), steady disbursements and stable asset quality. The company's AUM rose 18% to ₹31,364 crore as of June 30, 2026, compared with ₹26,524 crore a year earlier, while its net worth increased 19% to ₹7,853 crore. The affordable housing financier said it serviced more than 3.40 lakh loan accounts during the quarter. Gross non-performing assets remained stable at 1.31% of AUM, reflecting resilient portfolio quality. Return on assets stood…

03 Aug

Tata Motors posts 37% jump in July commercial vehicle sales

Business BureauBusiness

Tata Motors Ltd. reported a 37 per cent year-on-year increase in its total commercial vehicle sales for July 2026, driven by strong domestic demand and a sharp surge in international business. The company sold 39,641 commercial vehicle units across domestic and overseas markets during the month, compared with 28,956 units in July 2025. In the domestic market, Tata Motors recorded sales of 33,876 units, up 28 per cent from 26,432 units a year earlier. International business emerged as the strongest growth driver, with sales soaring 128 per cent to 5,765 units from 2,524 units in the corresponding month last year.…

01 Aug

Bajaj Finserv Joins India’s Growing Private Reinsurance Landscape

nanika EditorBusiness

Bajaj Finserv has announced its entry into India’s reinsurance sector, with its board approving the move subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI). The development makes Bajaj Finserv the third private-sector player in nearly a year to announce plans to enter the domestic reinsurance market, which has traditionally been dominated by state-owned General Insurance Corporation of India (GIC Re). The move comes amid growing interest in India’s reinsurance industry, driven by rising insurance demand, regulatory reforms, economic expansion and efforts to strengthen domestic risk management capacity. In March 2025, Valueattics Re became the first…