Business - The Purbottar

30 Aug

Max Life Pension Fund Management Limited

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Max Life Insurance Company Limited has announced the receipt of the Commencement of Business (COB) Certificate for its wholly owned subsidiary, Max Life Pension Fund Management Limited on August 23, 2022. This subsidiary will manage the pension assets with investment choices under the National Pension Scheme. The Pension Fund will manage pension assets for private sector subscribers and government sector subscribers excluding the ‘default scheme’, aiming to scale AUM to ~Rs 1L Cr over the next 10 years. With this development, the Company and Pension Fund will now cater to all product categories including pension products, annuities, and pension fund…

30 Aug

JioMart customers can buy products on WhatsApp

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Meta and Jio Platforms announced the launch of the first-ever end-to-end shopping experience on WhatsApp, where consumers can shop from JioMart right within their WhatsApp chat. A global first, JioMart on WhatsApp will enable users in India, including those who have never shopped online before, to seamlessly browse through JioMart’s entire grocery catalog, add items to cart, and make the payment to complete the purchase – all without leaving the WhatsApp chat. The launch is part of a strategic partnership between Meta and Jio Platforms. The JioMart on WhatsApp experience will revolutionize the way millions of businesses across the country…

30 Aug

Keerthi Prakash to head Renault Nissan Chennai Plant as MD

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Nissan has announced the appointment of Keerthi Prakash as Managing Director, Renault Nissan Automotive India Pvt Ltd (RNAIPL), to lead operations at the company’s Alliance plant in Chennai, India, from September 1st, 2022. Keerthi, currently Deputy Managing Director, RNAIPL, joined the plant in 2008 and has over 20 years of automotive manufacturing experience. He replaces Biju Balendran, who has decided to pursue opportunities outside of Nissan after four successful years as plant Managing Director. Frank Torres, President Nissan India Operations, said: “I am pleased to announce Keerthi’s appointment as Managing Director of our Chennai plant. He has a wealth of…

30 Aug

Flipkart unveils #NewForYou campaign

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Flipkart has announced the rollout of the new fashion season with the Autumn Winter fashion collection on the platform. A stylish curation of lakhs of new and unique styles from top Indian and International brands will be available across categories including apparel, accessories, and footwear. Flipkart has also partnered with over 100 influencers across fashion and lifestyle for a #NewForYou campaign to bolster the platform’s expansive Autumn Winter fashion curation on social media. In addition to the introduction of the Autumn Winter collection, Flipkart is also gearing up to provide a revamped shopping experience through several technology-led features for the…

30 Aug

Amaze launches new range of state-of-the-art technology inverters

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Amaze, the fastest growing brand in the power segment has announced the launch of new range of state for the art technology inverters. The new range of inverters was launched in Kolkata in the presence of distributors from West Bengal, Bihar, Jharkhand, Orissa and Assam. The product was unveiled by the company's National Head Mr. Amit Shukla, AMAZE Brand Vice President Mr. Rajesh Kalra, and Regional Manager Mr. Deepak Kumar and other officials. He envisioned the future planning and present growth.All the distributors of Bihar, Jharkhand, Odisha, West Bengal & Northeast state participated in the event and took a pledge…

29 Aug

RIYA aims 20% market share in the perfume market by 2025

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RIYA has completed the milestone of 25 years in the perfumes industry with a turnover of INR 80 crore despite pandemic-led market challenges in FY 2021-2022. The homegrown brand, which has a pan India presence, is targeting a 20% market share in the growing perfume industry by 2025 to achieve INR 240 crore turnover.Founded in Kolkata in 1997, RIYA has also been certified to be the Perfume Segment Leader in India by Value Share for the third consecutive year by the prestigious Nielson IQ Retail Audit Report, Jan-Dec 2021. Mr Aditya Vikram Daga, Founder & CEO, Purpos Planet, said, ““RIYA…

29 Aug

Amazon’s DSP launches first all-women delivery station in NE region

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Amazon India announced the launch of Northeast’s first all-women delivery station in Mizoram which will be operated by its Delivery Service Partner (DSP). The newly launched station is situated in Champhai, close to the India-Myanmar border. The station is run by Christina Rindiki, an entrepreneur who started a last mile delivery company called Servico with Amazon’s DSP program. This station will help deliver Amazon packages to customers in neighboring areas like Kanan, Kahrawt, Venglai, Vengthlang, Vengsang, and Bethel among others. The launch of this additional delivery station in the North-east region not only enables Amazon India to further deepen its…

29 Aug

Bajaj launches CT 125X – a Kadak bike

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Bajaj Auto, the world’s most valuable two-wheeler and three-wheeler company announces the launch of CT 125X. The new product is built with the proposition ‘Har Sadak par Kadak,’ as it is designed for long and everyday challenging riding environments. Bajaj Auto has introduced the feature-packed and durable CT 125X bike for consumers who ride extensively throughout the day, at times carrying loads, in professions such as food delivery, courier delivery, or business supplies. It provides impeccable performance, tough build, and stylish look. Priced at Rs 71,155 of CT 125X Drum and Rs 74,355 of CT 125X Disc, CT 125 X…

29 Aug

TECNO to launch theCAMON 19 Pro 5G

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TECNO Mobile in collaboration with Cosmopolitan India, the world’s largest-read fashion and lifestyle magazine, has launched the CAMON 19 Pro 5Gsmartphone. This one-of-a-kind launch for a mobile handset has been inaugurated at a plush fashion event, titled ‘A Stylish Affair’ that willinclude fashion showcase and a Style Hunt helmed by a distinguished jury panel. Delhi’s most stylish faces, including fashion influencers, designers, and industry experts will attend the launch event at Shangri-La. The latest launch is a part of the lauded CAMON series. The CAMON 19 Pro 5G is an advanced version of the recently-released CAMON 19. The Pro5G version…

29 Aug

ET Money’s releases ‘India Investor Personality Report 2022’

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ET Money, has released an exclusive report titled “India Investment Personality Report 2022” that looks into the minds of lakhs of investors. The insights have been drawn from their unique feature of Investor Personality assessment that assesses investors on four key parameters of risk tolerance, loss aversion, financial mastery, and overconfidence levels and draws a map of their unique investor psyche. The assessment gives investors 8 unique Investor Personality tags that are closest to the type of investor they are. The report reveals that the majority of Indian investors are Strategizers (35%) - a type of investors who are action…