Business - The Purbottar

21 Aug

How an IIM Calcutta Alumnus Is helping Indian families save ₹137 Crore on medicines with PlatinumRx

Business BureauBusiness

PlatinumRx, the Bengaluru-based platform helping Indian households cut their medicine bills by offering trusted branded generic alternatives, has now crossed ten lakh patients served nationwide and Indian families saving ₹137 Crore on medicines. Growing up, Piyush an IIM Calcutta alumnus noticed a pattern that played out in countless Indian households. People with chronic conditions bought the same medicines month after month, often for years or even a lifetime. Families simply paid whatever the prescription cost, rarely stopping to ask if an equally effective, lower-priced alternative with the exact same composition was available. For most Indian households, that was just how…

21 Aug

InfinityDAO targets US$1 billion insurance programme to strengthen IDL ecosystem protection

Business BureauBusiness

InfinityDAO, the AI-driven decentralised finance ecosystem behind the IDL token, is moving to establish an institutional-scale insurance protection programme with an aggregate insured value of up to US$1 billion, aimed at strengthening risk management, user protection and institutional credibility in the digital-asset market. The proposed programme is being arranged through a UK-based specialist crypto insurance syndicate, with final policy issuance, underwriting terms, limits and exclusions still subject to completion. The insurance framework is designed to cover five principal areas, including token default, platform default, crime and digital-asset theft, directors and officers liability, and qualifying ecosystem and stakeholder interests. InfinityDAO operates…

21 Aug

Six Bengal innovators enter Samsung Solve for Tomorrow national Top 40

Business BureauBusiness

Six young innovators from West Bengal have secured places in the national Top 40 of Samsung Solve for Tomorrow 2026, with technology-led ideas focused on wage transparency, communication accessibility and the wellbeing of elderly people living alone. Rahul Gupta and Anushka Gupta from Kolkata are developing an AI-based solution aimed at simplifying complex minimum wage information and making it easier for workers in sectors such as construction, domestic work and agriculture to understand their entitlements. Sayak Samanta and Soufir Rahman are working on Sign Bridge AI, which explores real-time translation of sign language into speech and text to improve communication…

21 Aug

Binance donates Rs 3.3 crore to Goonj for Assam flood relief

Business BureauBusiness

Binance Charity, the philanthropic arm of Binance, has announced a donation of Rs 3.3 crore ($350,000) to Goonj’sRahat Initiative to support emergency relief and recovery efforts for families affected by devastating floods in Assam. The contribution is expected to reach around 27,500 families across 349 flood-affected villages in Golaghat, Sivasagar, Charaideo, Bajali, Dhemaji, Sonitpur and Jorhat districts. The funds will support the distribution of essential relief materials, including household items, hygiene supplies, tarpaulins and other necessities based on the requirements of affected communities. According to the release, floods have affected more than 12 lakh people across 25 districts and 2,734…

21 Aug

BPCL expands Bharatgas Lite ZIP to four Odisha cities

Business BureauBusiness

Bharat Petroleum Corporation Limited (BPCL) has expanded its Bharatgas Lite ZIP LPG offering to Bhubaneswar, Berhampur, Cuttack and Rourkela in Odisha, as part of its nationwide rollout across 100 cities. The premium convenience-led proposition combines lightweight composite LPG cylinders with Instant New Connection and Express Delivery services. The Bharatgas Lite composite cylinder is lightweight, corrosion-free and transparent, allowing consumers to view the LPG level while making handling easier. BPCL said the offering is aimed at meeting changing consumer expectations, particularly among working professionals, students, young families, senior citizens and the floating population. In Bhubaneswar, the rollout comes amid growing demand…

21 Aug

ICICI Prudential Life launches value-plus-momentum index fund

Business BureauBusiness

ICICI Prudential Life Insurance has launched the BSE 500 Momentum Value 50 Index Fund, expanding its investment offerings with a value-plus-momentum strategy aimed at providing customers access to long-term equity opportunities through select unit-linked insurance plans (ULIPs). The fund will offer exposure to a diversified portfolio of 50 companies selected from the broader BSE 500 universe and will follow the ICICI Pru BSE 500 Momentum Value 50 Customized Index. The rules-based strategy combines attractive valuations with positive price momentum, while the portfolio will be reviewed quarterly to reflect changing market valuations and trends. Commenting on the launch, Mr. Manish Kumar,…

21 Aug

Berger Paints launches ‘Rang BanaRahe’ campaign celebrating resilience

Business BureauBusiness

Berger Paints India Limited has unveiled a refreshed brand identity and a new campaign, ‘Rang BanaRahe’, built around the idea of preserving colour and celebrating human resilience. The campaign reinterprets the company’s long-standing focus on protecting colours through products such as Home Shield, Weather Coat Anti Dustt and Easy Clean. The new brand thought extends the idea beyond walls, highlighting the ability of individuals to retain their identity and spirit despite life’s challenges. The campaign film features a character named Khushrangi, whose colours remain unaffected by rain, dust and heat, serving as a metaphor for resilience and the determination to…

21 Aug

ABD rating upgraded to IND AA- as profitability and scale strengthen

Business BureauBusiness

Allied Blenders and Distillers Limited (ABD) has received a two-notch upgrade in its rating from India Ratings & Research (Ind-Ra), with the agency raising the rating on the company’s bank facilities from IND A to IND AA-, while maintaining a Stable Outlook. The rating upgrade reflects ABD’s continued growth in its consolidated scale of operations in FY26, with Ind-Ra expecting the company to sustain and further expand its scale over the medium term. The agency also expects ABD’s improved profitability to continue, supported by a better sales mix driven by premiumisation and higher gross margins. Progress in the company’s ongoing…

21 Aug

Drivn, Tata Motors join hands to accelerate electric truck adoption

Business BureauBusiness

EV leasing platform Drivn has signed a memorandum of understanding with Tata Motors to explore leasing-based deployment of electric commercial vehicles for fleet operators, aiming to address financing and other barriers to large-scale fleet electrification in India. Under the partnership, Drivn will offer customised operating lease solutions for Tata Motors’ electric commercial vehicle portfolio. The companies said the collaboration would help fleet operators transition to electric vehicles through simpler financing, while also addressing challenges related to deployment, charging infrastructure and vehicle uptime. Rajesh Kaul, Vice President and Business Head – Trucks at Tata Motors, said the partnership would make electric…

20 Aug

PWNSAT 2026 seeks to widen access to competitive exam preparation through scholarships

Business BureauBusiness

PhysicsWallah (PW) has announced the fourth edition of the PhysicsWallah National Scholarship cum Admission Test (PWNSAT) 2026, with the programme focusing on reducing financial barriers for students preparing for JEE and NEET examinations. Free registrations are open to students from Class V to XII and Class XII pass-outs across both PCM and PCB streams. The scholarship initiative provides eligible students with tuition fee waivers of up to 100%, while cash rewards worth up to Rs 2.5 crore are also available. A significant component of the programme is free education and accommodation support for the top 500 eligible students, based on…