Business - The Purbottar

28 Jun

Bajaj Finserv AMC launches small cap fund amid market correction; eyes long-term growth potential

Business BureauBusiness

Bajaj Finserv Asset Management Ltd. (BFAML) has introduced the Bajaj Finserv Small Cap Fund, an open-ended equity scheme targeting fundamentally strong small-cap companies. The New Fund Offer (NFO) opens on June 27 and closes on July 11, 2025. Positioned with a 3-in-1 advantage—quality, growth, and value—the fund seeks to capitalise on the recent correction in small-cap stocks. Currently, over 80% of small-cap firms have posted 38% profit growth and solid return ratios, yet many continue to trade 15–45% below their 52-week highs. The fund's approach includes a rigorous filtering process, narrowing down over 1,100 stocks to a curated portfolio of…

27 Jun

Indian manufacturing sector sales upgrade 6% in FY25

editorBusiness, News

Mumbai: Sales of listed manufacturing sector companies grew 6 per cent during 2024-25 as against a growth of 3.5 per cent in the previous year, led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries, according to RBI data. On the other hand, among key industries, petroleum and iron and steel sectors recorded a contraction in their sales during 2024-25, it said. On Thursday, the Reserve Bank released data on the performance of the private corporate sector during 2024-25 prepared from the abbreviated financial results of 3,902 listed non-government non-financial (NGNF) companies. During 2024-25, sales growth of listed private…

27 Jun

Flipkart supercharges loyalty with upgraded ‘Plus’ programme, boosts value shopping with supercoins

Business BureauBusiness

Flipkart has rolled out a major upgrade to its loyalty initiative, unveiling the revamped ‘Flipkart Plus’ programme that promises deeper savings and smarter shopping. At the core of the update is the use of SuperCoins—Flipkart’s rewards currency—which now unlock an additional 5% discount across the platform’s wide selection of products. Unlike traditional paid memberships, Flipkart Plus remains free, offering benefits such as early access to major sale events, bonus bank offers, and surprise ‘Plus Treats’ like gift cards and coupons worth ₹50 and above. Customers can become Plus Silver members by making 10 purchases in a year, while 20 purchases…

27 Jun

Former sub-dealer switches to Terra Motors as L5 EV gains momentum with zero down payment, 200 km range

Business BureauBusiness

Jyoti Enterprises, formerly a sub-dealer of a leading EV three-wheeler brand, has joined Terra Motors as an authorised main dealer. The move comes amid growing dissatisfaction with low margins and limited growth under previous partnerships, highlighting a trend where dealers are gravitating toward brands offering better scalability and transparency. “Working as a sub-dealer gave me little control and negligible returns,” said Rakesh Sharma, proprietor of Jyoti Enterprises. “Terra Motors’ approach — with better margins and direct communication — gave me confidence to make the switch.” Terra Motors, a Japanese EV OEM, is rapidly expanding its dealership footprint in India with…

27 Jun

Barbeque Nation opens 11th outlet in Kolkata with grand launch at Behala

Business BureauBusiness

Barbeque Nation, India’s leading casual dining chain and pioneer of the 'live-on-the-table' grill concept, has expanded its footprint in Kolkata with the launch of its 11th outlet. The new restaurant is located on the 1st floor of 69/1 Mitra Colony, Behala, opposite MP Birla Foundation Higher Secondary School. Sprawling across 3,600 sq ft, the new outlet features vibrant interiors and can seat up to 88 guests, offering a perfect setting for family outings and corporate lunches. The outlet promises an extensive buffet with over 80 dishes ranging from vegetarian delights like Achari Paneer Tikka and Cheesy Broccoli to non-vegetarian favorites…

27 Jun

Lauritz Knudsen unveils biggest-ever product line to power India’s industrial growth

Business BureauBusiness

Lauritz Knudsen Electrical and Automation launched its most expansive product portfolio to date, targeting India's fast-growing industrial and infrastructure sectors. The company also kicked off a 30-city ‘Technology Tour’ to showcase over 10 advanced electrical and automation solutions aimed at empowering India’s digital and energy future. The new portfolio includes a comprehensive EV charging ecosystem, digital-ready power distribution systems, end-to-end industrial automation tools, and smart numerical protection relays. These solutions are tailored to meet the specific demands of India’s regional industrial hubs and align with the government’s Viksit Bharat 2047 vision. Naresh Kumar, COO of Lauritz Knudsen, said, “Our goal…

26 Jun

‘Udaan’ initiative launched to tackle menstrual health challenges across four states

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Flipkart Foundation in collaboration with Goonj, has launched ‘Udaan: Empowered by Flipkart Foundation’—a grassroots initiative targeting menstrual wellbeing among women and adolescent girls in Assam, Karnataka, Odisha, and West Bengal. The campaign aims to reach over 18,700 women through direct on-ground interventions and engage more than 5 lakh individuals via digital outreach. At its core are 225 ‘Chuppi Todo Baithaks’—interactive sessions encouraging open discussions to dismantle menstrual taboos. The initiative follows a Four-A model: Access, Awareness, Affordability, and Action. A key component is the distribution of Goonj’s eco-friendly ‘MY Pads’, made from upcycled fabric, to over 9,350 women, addressing both…

26 Jun

Pepperfry expands omnichannel footprint with new store in Kolkata’s Kamalgazi

Business BureauBusiness

Leading e-commerce home and furniture company Pepperfry has expanded its omnichannel presence in Eastern India with the launch of a new franchise store in Kamalgazi, Sonarpur, Kolkata. The store was inaugurated in partnership with franchise owner Nitin Sureka as part of the company’s strategy to deepen its reach into niche markets. Located at Model 1 A.S Construction, opposite Citrus Clove, the new 1200 sq. ft. store offers an immersive experience with a wide selection of furniture and home décor items from over 1,000 brands. Shoppers can also access design consultation services for a personalized home styling experience. Chief Business Officer…

26 Jun

Novo Nordisk launches Wegovy® in India, offers weight management with heart health benefits

Business BureauBusiness

Danish pharmaceutical giant Novo Nordisk has launched Wegovy®, a once-weekly injectable medication for chronic weight management, in India. Uniquely, Wegovy® is the first and only treatment in the country approved not only for weight loss but also for reducing major cardiovascular risks, including heart attack, stroke, and cardiovascular-related death in individuals with obesity or overweight. Wegovy®, containing the active ingredient Semaglutide, is available in five dosing strengths and comes in an easy-to-use pen device. The India-specific pricing includes the same cost for the first three doses, supporting smooth dosage escalation without additional financial burden. Clinical studies have shown that 1…

26 Jun

Sony India launches Alpha 1 II full-frame camera, sets new benchmark in pro imaging

Business BureauBusiness

Sony India has unveiled its latest flagship camera, the Alpha™ 1 II, offering professionals a powerful combination of 50.1 MP resolution, advanced AI autofocus, and 8K video capabilities. Designed for photographers and videographers seeking speed, clarity, and precision, the camera goes on sale from June 25 at ₹5,79,990. Equipped with a stacked Exmor RS™ CMOS sensor and the BIONZ XR™ processor, the Alpha 1 II enables up to 30 fps blackout-free shooting, Real-time Recognition AF, and Pre-Capture of up to one second. It also supports 8K 30p and 4K 120p recording, enhanced by image stabilization up to 8.5 stops for…