Business - The Purbottar

22 Aug

Abbott launches FreeStyle Libre 2 Plus in India with real-time glucose monitoring and alarms

Business BureauBusiness

Global healthcare leader Abbott has introduced its latest diabetes management innovation, the Free Style Libre 2 Plus sensor, in India. The next-generation device provides automatic glucose readings every minute directly to a smartphone, along with optional alarms for high or low sugar levels. This advancement eliminates the need for routine fingersticks, giving people with diabetes more confidence and freedom in managing their health. India, home to over 101 million people with diabetes—the world’s second-largest population—faces a growing demand for real-time management tools. Abbott’s technology has already transformed care for more than seven million people globally. Studies show FreeStyleLibre technology can…

22 Aug

Apollo Hospitals Promoter Stake Sale Proceeds To Bring Down Pledged Holdings

Purbalee DuttaBusiness

Apollo Hospitals Enterprise Ltd. confirmed on Friday, August 22, that promoter and Managing Director Suneeta Reddy was the seller in the large block trade executed earlier in the day. According to the exchange filing, Reddy sold 18.97 lakh shares — representing 1.3% of her total holding — at ₹7,850 per share, generating ₹1,489 crore through the deal. The block transaction involved 1.32% of Apollo Hospitals’ total equity. The company stated that the funds raised will be used to significantly reduce the pledged shares held by the promoter group, bringing them down from 13.1% to just 2%. As a result of…

22 Aug

ICICI Bank impacts 1.89 crore lives with expanded CSR and ESG initiatives in FY25

Business BureauBusiness

ICICI Bank has reported a significant expansion of its social and environmental initiatives, impacting 1.89 crore lives during FY24-25, according to its Environmental, Social, and Governance (ESG) Report. The Bank allocated ₹801 crore towards Corporate Social Responsibility (CSR) in FY25, marking a 54% increase from ₹519 crore in the previous year. Women’s empowerment remained a core focus, with 10 lakh women supported through Self-Help Groups (SHGs), raising the total beneficiaries to 1.1 crore. Skill development, agriculture, and micro-enterprise programmes benefitted over 91 lakh people, boosting rural livelihoods. In healthcare, ICICI Bank partnered with 550 hospitals to facilitate treatment for 4…

22 Aug

TVS launches King Kargo HD EV, sets new standards in cargo mobility

Business BureauBusiness

TVS Motor Company on Thursday launched the TVS King Kargo HD EV, a three-wheeler designed to meet the fast-changing demands of urban and semi-urban logistics. The company also unveiled the CNG variant, which is slated for launch before the end of 2025. The new electric cargo vehicle brings in several segment-first features, including LED head and tail lamps for enhanced visibility, a spacious cabin with rolling windows, stylish door trims for better ventilation, and a dedicated Power Gear Mode for superior torque under heavy loads. It is also India’s first Bluetooth-enabled cargo three-wheeler, powered by TVS SmartXonnect™ offering 26 smart…

22 Aug

Godrej Industries’ National Chemistry Day Summit pushes India toward global chemical leadership

Business BureauBusiness

The Godrej Industries Group (GIG) hosted the second edition of the National Chemistry Day Summit, reaffirming its focus on innovation, sustainability, and competitiveness in India’s chemical sector. Organized jointly by Godrej Industries (Chemicals) and Astec Life Sciences, the summit brought together industry leaders, academics, and researchers to shape the future of Indian chemistry. Themed “Driving Innovation and Growth in India’s Chemical Industry”, discussions centered on research and development, digitalisation, and future-ready talent as core enablers for global success. Burjis Godrej, Executive Director of Godrej Agrovet and Managing Director of Astec Life Sciences, along with Nadir Godrej, Chairperson of GIG, underscored…

22 Aug

Ola Electric shares decrease 7% after two days of gains

editorBusiness, News

After two days of gains, Ola Electric shares fell 7% to hit a low of ₹49.50 per share amid profit booking. Market investors also got worried after the release of vehicle (VAHAN) data, which showed that Ola Electric had recorded 9,522 registrations as of August 20, while the figure for Arthur Energy was 10,248. Ola Electric shares rose 30.5% in two sessions as investors reposed faith in the positive sentiment of the company. Founder Bhavish Aggarwal shared plans for upcoming launches and growth strategy in the coming quarters. In an interview to Moneycontrol, Aggarwal said that the products with 4,680…

21 Aug

Jaishankar’s Moscow visit aims to rebalance trade, boost India-Russia ties

Business BureauBusiness

External Affairs Minister Dr. S. Jaishankar’s visit to Russia has underscored India’s strategic push to diversify trade and reinforce its long-standing partnership with Moscow. Arriving on August 19, Jaishankar engaged with leading Russian scholars and think-tank representatives, exchanging perspectives on global geopolitics and bilateral cooperation. On August 20, he co-chaired the 26th session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC). Highlighting the surge in bilateral trade from USD 13 billion in 2021 to USD 68 billion in 2024–25, he cautioned against the nine-fold trade imbalance. He called for measurable targets, mid-term reviews, closer…

21 Aug

Crude oil futures upgrade on spot demand

editorBusiness, News

New Delhi: Crude oil prices rose by Rs 26 to Rs 5,502 per barrel in futures trade on Thursday as traders increased the size of their deals due to strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for September delivery rose by Rs 26, or 0.47 percent, to Rs 5,502 per barrel in a business turnover of 14,675 lots. Analysts said crude oil prices rose in futures trade as participants increased the size of their deals. Globally, West Texas Intermediate crude was trading 0.34 percent higher at $63.05 per barrel in New York, while…

21 Aug

A Gastroenterologist’s Guide to Preventing Food Poisoning

Business BureauBusiness

Dr. Azhar Perwaiz, Director, Gastrosciences, Medanta – The Medicity The temperatures of India’s summer significantly increase the risk of food spoilage and foodborne illnesses. According to the World Health Organization (WHO), the "danger zone" for bacterial growth, between 4°C and 60°C, can be reached in under two hours on hot days. Recent reports of suspected hygiene compromise at popular eateries in parts of Assam and Meghalaya, underscore the reality of this seasonal food-safety challenge. To mitigate the risk of food poisoning, consider the following preventive measures: Prioritize Cleanliness: Wash hands thoroughly and frequently, especially after handling raw food or using…

21 Aug

Boeing celebrates 10th National AeromodellingCompetition, inspires next-gen aerospace talent

Business BureauBusiness

Boeing [NYSE: BA] announced the winners of its 10th annual National Aeromodelling Competition, one of India’s largest programs nurturing aerospace talent. The competition saw participation from over 1,400 students representing 432 institutions nationwide, with women making up 24% of the finalists.A total of 46 finalists from 12 teams competed in the grand finale held in Bengaluru. Three teams emerged as winners: the first-place team from IIT Madras, while the second and third positions were secured by teams from IIT Kharagpur. All 46 finalists will also be eligible for Boeing’s year-long Apprenticeship program, designed to provide hands-on industry experience. “The Boeing…