Business - The Purbottar

14 Apr

ABD expands premium push in defence channel, scales CSD reach across 34 depots

Business BureauBusiness

Allied Blenders and Distillers Limited (ABD) has expanded its premium and semi-premium offerings in the Canteen Stores Department (CSD), strengthening its presence in the defence channel. The company announced the inclusion of ICONiQ White International Grain Whisky, Jolly Roger Premium Rum, and Kyron Premium Brandy in its CSD portfolio, building on existing brands such as Officer's Choice Blue and Sterling Reserve B10. The expansion enhances ABD’s footprint across 34 key depots nationwide, catering to a wide network of Ex-Servicemen canteens, Unit Run Canteens, Defence Officers’ Institutes, and Defence Clubs. The move is aimed at improving accessibility and offering a wider…

14 Apr

Turkish Airlines reshuffles leadership, appoints new chairman and CEO

Business BureauBusiness

Turkish Airlines has announced a major overhaul of its executive leadership, appointing Prof. Murat Şeker as Chairman of the Board and Ahmet Olmuştur as Chief Executive Officer, in a move aimed at strengthening its global aviation leadership. Prof. Şeker, who previously served as Chief Financial Officer, brings extensive experience in finance, investor relations, and international economic policy. With academic credentials from Marmara University, Sabancı University, and the University of Minnesota, he has also worked with the World Bank and held senior roles at Ziraat Bank. He has been associated with Turkish Airlines’ board since 2021 and currently chairs a financial…

14 Apr

Samarya Creation launches Aumora Music with Sameer Anjaan as founding partner

Business BureauBusiness

Samarya Creation has announced the launch of Aumora Music, an independent, artist-first label, marking its entry into India’s music industry with veteran lyricist Sameer Anjaan as founding partner. The announcement was made at a press conference in Mumbai attended by top company leadership including Manoj Agarwal, Sunil Goenka, Narendra Ruia and Vikas Agarwal. Aumora Music enters the market with 19 tracks already live across over 150 platforms such as Spotify, Apple Music, JioSaavn and YouTube Music. Backed by Phonographic Digital Limited for global rights management, the label has over 150 original compositions lined up across genres including Bollywood, devotional, folk,…

12 Apr

Digital surge in LPG bookings signals efficiency gains as MoPNG confirms supply stability

Business BureauBusiness

India’s LPG ecosystem is showing signs of improved efficiency and demand management, with the Ministry of Petroleum & Natural Gas (MoPNG) confirming that supply remains stable and adequate across the country. The Ministry’s assurance comes amid concerns over consumption patterns, with officials urging households to avoid panic buying and adopt responsible usage. From an economic standpoint, the strength of India’s LPG distribution network continues to play a critical role in maintaining equilibrium between demand and supply. MoPNG stated that supply chains are being closely monitored, indicating proactive inventory and logistics management to prevent disruptions. A key structural shift in the…

12 Apr

MoPNG doubles 5 kg LPG supply, eases norms to tap rising urban demand

Business BureauBusiness

The Ministry of Petroleum & Natural Gas (MoPNG) has expanded the supply of 5 kg Free Trade LPG (FTL) cylinders, removing earlier caps and doubling daily allocations across all States and Union Territories from April 7, in a move aimed at strengthening access to clean cooking fuel and addressing rising demand. The revised allocation, benchmarked against early March levels, is expected to support growing consumption in urban and semi-urban markets, particularly among migrant workers and low-income households. Alongside supply expansion, the Ministry has simplified access norms, allowing consumers to purchase 5 kg cylinders using basic identification such as Aadhaar or…

11 Apr

India caps industrial LPG supply at 70% as import shock forces policy reset

Business BureauBusiness

India’s Ministry of Petroleum & Natural Gas (MoPNG) has introduced a calibrated LPG allocation policy for industry, signalling a strategic response to supply disruptions and structural energy transition. Under the directive issued by Secretary Dr. Neeraj Mittal, bulk LPG supply to key sectors—including pharma, food processing, steel, ceramics, agriculture and heavy industries—has been capped at 70% of pre-March 2026 consumption, with a ceiling of 0.2 TMT per day. From an economic standpoint, the policy reflects a dual objective: rationing scarce supply while incentivising a shift towards Piped Natural Gas (PNG). An additional 10% allocation linked to PNG reform milestones creates…

11 Apr

Axis Mutual Fund launches Defence Index Fund, opens NFO on April 10

Business BureauBusiness

Axis Mutual Fund has announced the launch of its new offering — the Axis Nifty India Defence Index Fund — an open-ended index fund designed to track the performance of the Nifty India Defence Total Return Index (TRI). The New Fund Offer (NFO) will open for subscription on April 10 and close on April 24, 2026. The fund aims to provide returns, before expenses, that closely correspond to the underlying index, offering a low-cost and transparent route for investors to tap into India’s growing defence sector. The move comes amid rising global defence spending, which crossed USD 2.7 trillion in…

11 Apr

Honda hits 10 million sales milestone in East, strengthens grip in key markets

Business BureauBusiness

Honda Motorcycle & Scooter India (HMSI) has achieved a major milestone of 10 million cumulative sales in India’s East region, underlining its growing dominance across states such as West Bengal, Bihar, Odisha, Jharkhand and the North-East. The company said the achievement reflects steady expansion across metro and semi-urban markets, where two-wheelers remain central to daily mobility. The East has emerged as a key growth engine for HMSI, driven by strong demand in cities like Kolkata, Patna, Ranchi, Bhubaneswar and Guwahati. Popular models such as the Honda Activa and Honda Dio in the scooter segment, along with Honda SP125 and Honda…

11 Apr

ZOYA goes Pink: ABD Maestro unveils mix berries gin amid premium spirits boom

Business BureauBusiness

ABD Maestro Pvt. Ltd., the super-premium and luxury spirits arm of Allied Blenders & Distillers, has launched ZOYA Pink Mix Berries Gin, expanding its premium ZOYA portfolio with a small-batch, craft-led offering. The launch comes at a time when India’s premium spirits segment is witnessing strong growth, driven by younger consumers exploring craft beverages and experimental cocktails. Industry trends show rising demand for flavour-forward spirits with strong visual appeal and elevated drinking experiences, positioning India as a key global market. ZOYA Pink Mix Berries Gin blends a classic juniper base with strawberry, cranberry, blackberry, and raspberry, creating a visually striking,…

11 Apr

Jio-bp Absorbs Costs as International Crude Hits $100

nanika EditorBusiness

In a significant move for Indian consumers, Jio-bp, the fuel retailing joint venture between Reliance Industries Ltd. and BP Plc, has announced it will not raise petrol and diesel prices immediately. This decision comes despite a sharp spike in international crude oil prices, driven largely by the ongoing conflict in West Asia. Speaking on the sidelines of a recent industry event, Jio-bp Chief Executive Akshay Wadhwa clarified the company’s stance, stating, "We are in this with the country." By maintaining current retail rates, Jio-bp joins public sector oil marketing companies in a collective effort to shield the domestic economy from…