Business - The Purbottar

08 Oct

Retail Restructuring at Amazon Affects Global Employees Amid Prime Sales

nanika EditorBusiness

Amazon has eliminated approximately 1,000 white-collar positions primarily within its core Stores division, impacting employees across India, the United States, and the Kingdom as part of ongoing corporate restructuring during its Prime Big Deal Days shopping event. Internal Slack records indicate that customer service and selling partner services bore the brunt of these reductions, which follow an expansive wave of over 30,000 layoffs initiated last year and stretching into January. Founder and executive chairman Jeff Bezos attributed those earlier structural downsizing decisions to overzealous headcount expansion during the frantic, high-demand Covid-19 pandemic era when homebound consumers overwhelmingly relied on e-commerce…

08 Oct

Godrej Consumer Products opens new manufacturing facility in Indonesia with Rs 250-crore investment

Business BureauBusiness

Godrej Consumer Products Limited (GCPL) has strengthened its manufacturing presence in Indonesia with the inauguration of the first phase of a new facility at the Kendal Special Economic Zone, as part of an IDR 500 billion (approximately Rs 250 crore) investment. Godrej Consumer Products Indonesia (GCPI), which has operated in Indonesia since 2010, said the business has grown 4.5 times, with brands including HIT, Stella, Mitu and NYU reaching around one in four Indonesian households. The first phase covers 2.5 hectares of the company’s 5.5-hectare Kendal site and will focus on household insecticides, catering to domestic demand and exports. GCPL…

08 Oct

Mivi One 5G hits Flipkart with festive price starting at ₹11,999

Business BureauBusiness

Homegrown consumer technology brand MIVI has entered the smartphone market with the launch of its first handset, the Mivi One 5G, which will go on sale exclusively on Flipkart during the Big Billion Days festive sale. The smartphone will be available at an effective price of ₹11,999 for the 4GB RAM + 128GB storage variant, while the 6GB + 128GB and 8GB + 128GB variants will be priced at ₹13,499 and ₹14,999, respectively. The prices include applicable bank/UPI offers and are subject to Flipkart and partner-bank terms. Early access begins at midnight on October 8 for eligible Flipkart Plus, VIP…

08 Oct

Mivi One 5G hits Flipkart sale at ₹11,999 during Big Billion Days

Business BureauBusiness

Homegrown consumer technology brand Mivi has launched sales of its first smartphone, the Mivi One 5G, exclusively on Flipkart during the Big Billion Days festive sale, with effective prices starting at ₹11,999. Early access begins at midnight on October 8 for eligible Flipkart Plus, VIP and Black members and eligible cardholders, while open access starts October 9. The smartphone is priced at ₹11,999 for the 4GB+128GB variant, ₹13,499 for the 6GB+128GB model and ₹14,999 for the 8GB+128GB version, including applicable bank/UPI offers. The original prices are ₹14,999, ₹15,999 and ₹16,999, respectively. Mivi One 5G is powered by the 4nm Qualcomm…

08 Oct

Bandhan Mutual Fund takes ‘BattisWali Smile’ campaign beyond payday happiness

Business BureauBusiness

Kolkata, October 7, 2026: Bandhan Mutual Fund has launched ‘BattisWali Smile’, a new film under its Salary Wala Plan campaign, using humour and a familiar payday emotion to simplify the concept of Systematic Withdrawal Plans (SWPs). The campaign builds on the universal feeling associated with receiving money regularly, regardless of whether an individual is salaried, self-employed, a business owner or retired. The film revolves around the humorous idea that “32 comes after 31”, with the ‘32nd’ representing the smile that follows a salary credit. The campaign positions SWPs as a way of creating regular cash flow from investments, while the…

08 Oct

Akasa Air brings Bengali festive flavours to the skies with Durga Puja special meal

Business BureauBusiness

Akasa Air’s onboard meal service, Café Akasa, has introduced its first Durga Puja Special Meal, bringing traditional Bengali flavours to passengers during the festive season. Available throughout October, the limited-edition meal features Radhaballabhis served with DhokarDalna, Baked Rasgullas and a beverage of choice. The meal can also be prebooked through Akasa Air’s website or mobile app. The airline said the initiative is part of its effort to reflect India’s diverse cultural traditions through curated onboard culinary offerings. Café Akasa has introduced limited-edition meals for occasions including MakarSankranti, Holi, Eid, Onam, Ganesh Chaturthi, Dussehra, Diwali and Christmas since Akasa Air began…

08 Oct

RBI rate hike signals more tightening ahead, says Kotak Mahindra Bank economist

Business BureauBusiness

The Reserve Bank of India’s Monetary Policy Committee (MPC) raised the policy repo rate by 25 basis points to 5.50 per cent on Wednesday, while shifting its stance from “neutral” to “calibrated tightening”, signalling that further rate action could be on the table amid persistent inflation risks. The rate hike was in line with market expectations, while the change in stance emerged as the key surprise from the policy review. Reacting to the RBI’s decision, Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank, said, “The MPC delivered a 25bp rate hike in line with expectations, with a surprise shift in stance…

08 Oct

Myntra’s festive strategy signals wider growth for India’s fashion and lifestyle economy

Business BureauBusiness

Myntra’s Big Fashion Festival, beginning October 8, is set to provide a fresh boost to India’s fashion and lifestyle consumption, with the platform bringing more than 8 million styles, 100-plus new launches and 21,000 emerging brands and labels to the festive market. The scale-up reflects growing opportunities for both established and emerging businesses, particularly as Myntra expects stronger demand from metro and non-metro markets. As many as 13,000 emerging brands will make their BFF debut, gaining access to Myntra’s 80 million-plus monthly active users through technology, business insights and its creator ecosystem. The assortment spans ethnic and western wear, beauty,…

07 Oct

ICICI Bank revives Festive Bonanza with discounts across shopping, travel and lifestyle

Business BureauBusiness

ICICI Bank has brought back its annual ‘Festive Bonanza’, offering discounts and cashback across online shopping, mobile phones, electronics, travel, fashion, furniture and quick-commerce platforms as the festive season gathers pace. The bank said customers using its credit and debit cards, internet banking, cardless EMI and no-cost EMI options can access the offers. Its partnership with Flipkart will provide a 10% discount during the Big Billion Days sale beginning October 8. The bank is offering cashback of up to ₹7,000 on the new iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max, while discounts of up to ₹30,000 are…

07 Oct

IFQM urges MSMEs to make quality a core driver of competitiveness

Business BureauBusiness

Indian MSMEs must accelerate the adoption of quality processes across design, manufacturing and delivery to strengthen their global competitiveness, industry leaders said at the second day of the IFQM Symposium 2026 in New Delhi. The two-day symposium brought together around 50 CEOs, 200 CXOs and more than 400 participants from industry, government, academia, global quality institutions and MSMEs to discuss quality, innovation, technology and productivity. IFQM announced plans to launch a leadership programme for MSMEs, followed by a similar initiative for large industries, aimed at sharing best practices, reducing waste and promoting innovation. Civil Aviation Minister KinjarapuRammohan Naidu, delivering the…