Business - The Purbottar

20 Aug

Hyundai Motor shares rose over 13% in two days on hopes of GST rate cut, market capitalisation crosses ₹2 lakh crore

editorBusiness, News

Hyundai Motor shares were in the news today, gaining over 5% to hit a 52-week high of ₹2,549.50 per share on the NSE. Shares of Hyundai Motor India, India's second-largest passenger carmaker after Maruti Suzuki, gained for the second consecutive day. The government has proposed next-generation GST reforms, including rationalisation of GST rates by Diwali 2025. Experts believe that GST 2.0 reforms could reduce GST rates on automobiles from the current 28% to 18%, leading to lower prices and improved sales in the upcoming festive season. Hyundai Motor shares have surged over 13% in the last two trading sessions, while…

20 Aug

Godrej expands smart security range in Guwahati, targets 80% market share

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Godrej Enterprises Group’s Security Solutions division on Wednesday unveiled its latest range of tech-enabled premium home lockers in Guwahati, reaffirming its leadership in the growing security market of Assam and the Northeast. The company, which already holds a 75% share in the home locker segment and about 70% in the jewellery segment, now aims to expand its dominance to 80% over the next three years with 18% year-on-year growth. Pushkar Gokhale, Business Head of Security Solutions, said, “As Guwahati and the Northeast emerge among India’s fastest-growing markets, security is no longer just a safeguard but a lifestyle necessity. Our new…

20 Aug

Xiaomi launches Redmi 15 5G in India, targets youth and tech-savvy consumers

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Xiaomi India has unveiled the Redmi 15 5G, coinciding with the company’s 15th global anniversary and 11 years in India. The launch highlights the brand’s push to blend innovation, affordability, and performance for India’s growing base of connected consumers. The Redmi 15 5G is powered by a Snapdragon 6s Gen 3 processor with up to 16GB RAM (including virtual RAM) and UFS 2.2 storage. It features a 6.9-inch FHD+ Adaptive Sync display with a 144Hz refresh rate, Dolby-certified speakers, and TÜV Rheinland triple certification. The device is equipped with a 7000mAh EV-grade silicon-carbon battery, offering 48 hours of backup, 33W…

20 Aug

SBI Life announces launch of ‘Smart Shield Plus’ to strengthen protection portfolio

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SBI Life Insurance has introduced ‘SBI Life – Smart Shield Plus’, a term insurance solution designed to adapt to the shifting financial responsibilities of Indian households. As the economy witnesses rising disposable incomes and increased focus on long-term financial security, the product addresses a clear market demand for flexible protection offerings. The plan provides three cover options — Level Cover, Increasing Cover, and Level Cover with Future Proofing Benefit. Notably, the Increasing Cover option raises the sum assured by 5% annually up to 200%, while the Future Proofing Benefit allows policyholders to expand coverage during key life events without medical…

19 Aug

Mahindra unveils Global Vision 2027, showcases next-gen SUVs on NU_IQ platform

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Mahindra & Mahindra Ltd., India’s leading SUV manufacturer, has unveiled its Global Vision 2027, presenting four futuristic SUV concepts — Vision.S, Vision.T, Vision.SXT, and Vision.X. Built on the all-new modular, multi-energy NU_IQ platform, these models are set for launch from 2027. The NU_IQ platform combines modularity, adaptability, and advanced technology to redefine SUV mobility across India and global markets. It supports multiple powertrains, front- and all-wheel drive, and both left- and right-hand-drive configurations. Mahindra says the design philosophy, branded HEARTCORE, blends expressive styling with practicality, promising command seating, superior driving dynamics, flat-floor architecture, lightweight build, and sci-fi inspired NU_UX digital…

19 Aug

Mudra scheme’s NPA to upgrade to 9.8% by March 2025

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New Delhi: The non-performing asset (NPA) rate against loan amount disbursed by scheduled commercial banks under the Pradhan Mantri Mudra Yojana (PMMY) has risen from 5.47 percent at the end of March 2018 to 9.81 percent by March 2025, Parliament was told on Tuesday. Finance Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha that the NPA rate on loan amount disbursed under the Pradhan Mantri Mudra Yojana (PMMY) for scheduled commercial banks by March 2025 is 2.19 percent, while it was 2.71 percent at the end of March 2018. She said the PMMY scheme is primarily…

19 Aug

Eicher Trucks & buses expands eastern presence with new dealership in Barasat

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Eicher Trucks & Buses, a business unit of VE Commercial Vehicles Ltd. (VECV), has inaugurated its new 2S dealership, Future Automobile Agency Pvt. Ltd., in Barasat, West Bengal. Strategically located on NH-12, connecting Kolkata to Siliguri, the facility is designed to deliver superior uptime for Eicher truck and bus customers in the region. Spread across approximately 22,000 sq. ft., the modern facility features multiple service bays, trained technicians, advanced diagnostic tools, and genuine spare parts to ensure quick service delivery. It aims to support businesses engaged in agricultural produce, poultry farming, market load operations, and intercity passenger transport. In Kolkata,…

19 Aug

Manipal Hospitals expands in east, sets new benchmarks in Kolkata healthcare

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Manipal Hospitals, India’s largest healthcare network, has reinforced its presence in Eastern India with a major expansion in Kolkata. With seven hospitals—five in Kolkata and two in Siliguri—the group now provides 1,200 beds, 450+ ICU beds, 40 OPDs, seven Cath Labs, and over 1,100 doctors, making it the largest healthcare provider in the region. The network’s Kolkata hospitals have already achieved milestones including Eastern India’s first wireless pacemaker injectable AI procedure, over 1,000 robot-assisted knee replacements in less than two years, and advanced cardiac interventions such as TAVI and Bachmann’s Bundle Pacing. Speaking on cardiac care, Dr. Debopam Goswami said,…

19 Aug

Adani Group denies link to Mahabal Cement; calls reports of land allotment in DimaHasao “baseless”

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The Adani Group on Monday issued a strong denial against circulating reports claiming that the Assam government had allotted 3,000 bighas of land in DimaHasao district for a cement plant linked to the conglomerate. In a media statement from Ahmedabad, the group clarified that Mahabal Cement has no ownership, connection, or affiliation with Adani Group. “These reports and references are baseless, false and misleading. Linking the Adani name to Mahabal Cement is mischievous,” the spokesperson said, urging media and social media users to verify facts before sharing information. The statement read: “It has come to our notice that certain news…

19 Aug

Education key to India’s development by 2047, says VIT Chancellor at 40th convocation

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Dr. G. Viswanathan, Chancellor of Vellore Institute of Technology (VIT), stressed the critical role of education in transforming India into a developed nation by 2047 during the university’s 40th Convocation Ceremony on Saturday. Supreme Court Justice R. Mahadevan served as the chief guest, conferring degrees to 8,310 undergraduates, 2,802 postgraduates, and 451 doctoral recipients. Additionally, 68 students were awarded gold medals for outstanding achievements, and 203 were recognized for their rankings. Notable attendees included Tamil Nadu Police Academy Director DGP Sandeep Rai Rathore, who received a Ph.D. in Disaster Management, and Times of India CEO Sivakumar Sundaram as guest of…