Business - The Purbottar

04 Aug

V-Mart Retail Ltd to enter South India

editor0 CommentsBusinessBusiness

V-Mart Retail Ltd. (V-Mart), India’s leading value fashion retailer, has signed definitive agreements to acquire the assets of all stores, warehouse, inventory as well as the store brand ‘Unlimited’ from Arvind Lifestyle Brands Ltd (ALBL), a wholly-owned subsidiary of Arvind Fashions Ltd (AFL) at their book value, with an estimated outlay of about Rs 150 Cr. Unlimited operates a chain of 74 value fashion retail stores across South and West India and V-Mart will acquire all of the existing running stores of ‘Unlimited’. V-Mart will be debuting in South India and helping customers meet their fashion aspirations through its vast…

03 Aug

Amazon.in announces Great Freedom Festival

editor0 CommentsBusinessBusiness

Amazon.in announced ‘Great Freedom Festival’ offering big savings on a range of products from August 5 to August 9. Customers can shop from millions of products offered by sellers including artisans & weavers, women entrepreneurs, start-ups, brands, and local neighbourhood stores across hundreds of categories including Mobile Phones, Laptops, Electronics, Amazon Business, Fashion & Beauty Essentials, Home & Kitchen, Groceries, Large Appliances, Work & Study from Home Essentials, and more. Customers shopping during the Great Freedom Festival can save more by getting extra 10 % instant discount with SBI Credit cards and Credit EMI. This Great Freedom Festival, customers can…

03 Aug

Nissan India wholesales 8156 vehicles

editor0 CommentsBusinessBusiness

Nissan India announces a wholesale of 4259 vehicles for July’21 for the domestic market, its highest monthly sales in the last 3 years on the strength of the successful launch of all-new Nissan Magnite. Exports of 3897 units came on the strength of addition of Nissan Magnite in the export markets. A pioneer in electric vehicles globally, Nissan recently launched the Nissan LEAF electric vehicle in Nepal, adding to the strength of its product portfolio after the successful launch of Nissan Magnite in the Nepal market. The all-new Nissan Magnite comes with the best ever, lowest-in-class maintenance cost with a…

03 Aug

HDFC NIFTY50 Equal Weight Index Fund NFO

editor0 CommentsBusinessBusiness

A New Fund Offer (NFO) has been launched by HDFC Asset Management Company Limited (Investment Manager to the schemes of HDFC Mutual Fund) - HDFC NIFTY50 Equal Weight Index Fund. HDFC NIFTY50 Equal Weight Index Fund will take exposure to all the stocks in the index with intent to participate in the growth story with no market-cap bias. HDFC NIFTY50 Equal Weight Index Fund will offer exposure to Top 50 large companies on the NSE with equal weight to each stock. The equal weight aims to reduce risk of stock/ sectoral concentration. HDFC NIFTY50 Equal Weight Index Fund is suitable…

02 Aug

PM Modi launches new digital payment system e-RUPI

editor0 CommentsBusiness, IndiaINDIA, PM Modi

Prime Minister Narendra Modi on Monday launches e-RUPI, a person and purpose-specific digital payment solution via video conferencing. “Digital technology is transforming lives in a major way and is furthering ‘Ease of Living.’ At 4:30 PM tomorrow, 2nd August, will launch e-RUPI, a futuristic digital payment solution which offers several benefits for its users,” Modi said in a tweet on Sunday. PM also said that among the benefits of e-RUPI are cashless and contactless digital payment, connecting service sponsors and beneficiaries digitally and ensuring leak-proof delivery of several welfare services. According to a statement issued by the Prime Minister’s Office…

02 Aug

StanPlus to expand its ambulance network

editor0 CommentsBusinessBusiness

StanPlus, India’s leading private patient logistics and emergency medical response company, has announced its expansion plans. Having created an expansive Red Ambulance network across Hyderabad and Bangalore, the company will now operate its own fleet across major cities including Mumbai, Chennai, Delhi, Kolkata and Pune. The move is in line with StanPlus’s aggressive expansion plans slated for the next 5 years, wherein it will expand its fleet to maximum cities in a bid to serve more people with advanced services across the country. The company is also looking to expand its market share while increasing its service territory bandwidth, adding…

02 Aug

Bandhan Bank’s growth journey continues

editor0 CommentsBusinessBusiness

Bandhan Bank announced its financial results for the first quarter of financial year 2021-22. The Bank continued to witness business growth, despite the challenging economic situation. The Bank’s total business grew 17% year-on-year to reach Rs. 1.57 lakh-crore as on June 30, 2021. The Bank serves 2.35-crore customers through 5,574 banking outlets. The total number of employees working at Bandhan Bank stands at 51,054. The branch network in areas outside the East and Northeast is also being expanded to bring world-class banking services to more Indians. During the first quarter of the current financial year, the Bank’s deposit book grew…

31 Jul

Real estate continues to be preferred asset class for investment

editor0 CommentsBusinessBusiness

Real estate continues to be the preferred asset class for investment in the wake of the COVID-19 pandemic, but majority of homebuyers want discounts along with flexible payment options as an incentive, according to the Housing.com and NAREDCO survey. The real estate portal conducted the survey between January to June this year of more than three thousand consumers. According to the survey findings, real estate is the preferred mode of investment for 43 per cent of respondents, followed by stocks 20 per cent, fixed deposit 19 per cent, and gold 18 per cent. The majority of the respondents (71%) feel…

31 Jul

Britannia 5050 launches its first-ever potato-based biscuit

editor0 CommentsBusinessBusiness

Britannia 5050 has announced its foray into Salty Snacks with the launch of ‘5050 Potazos’, the 50 Potato chip 50 biscuit product. 5050 Potazos’ is a fusion product, which brings together 2 exciting and loved snacking formats in the country- the potato chip and the biscuit. The product has initially launched in Assam and North East markets in July and will roll out in the rest of the country in the coming months. Britannia 5050 Potazos is thin, crispy and delivers the familiar ‘masaledar’ flavors of a potato chip in a biscuit format. In a Nationwide consumer survey undertaken by…

31 Jul

Consumer investment in gold increased

editor0 CommentsBusinessBusiness

Consumer investment in gold increased in the second quarter of 2021 but some investors were less bullish, according to the World Gold Council’s latest Gold Demand Trends report. The two forces helped create a gold demand of 955.1t over the quarter – a 9% rise from Q1 2021, and in line with the equivalent period last year (960.5t). Between April and June, most traditional indicators of consumer gold purchasing were positive. Bars and coins overwhelmingly bought by retail investors – saw a fourth consecutive quarter of year-on-year gains, with 243.8t purchased over the 3-month period. Meanwhile, consumers bought gold jewellery…