Business - The Purbottar

17 Jun

Canara Robeco’s ‘Nivesh Bus Yatra’ rolls into West Bengal to boost mutual fund awareness

Business BureauBusiness

In a bid to spread awareness about mutual funds, Canara Robeco Asset Management Company Ltd., India’s second oldest asset management firm, is launching its ‘Nivesh Bus Yatra’ from June 16 across five cities in West Bengal. The 19-day initiative will begin in Kolkata and travel through Howrah, Durgapur, Asansol, and Siliguri, bringing investor education directly to communities. The campaign will serve as a mobile digital experience zone, offering videos and in-person sessions to demystify mutual fund investments for the general public. The bus will stop at major societies, markets, and public junctions in each city. “Informed investors make better financial…

16 Jun

Zinc futures prices upgrade on high demand

editorBusiness, News

New Delhi, June 16: Zinc prices rose marginally to Rs 250.55 per kg in futures trade on Monday on strong spot demand. The price of zinc contract for July delivery rose 35 paise, or 0.14 per cent, to Rs 250.55 per kg on the Multi Commodity Exchange in a business turnover of 1,787 lots. Zinc prices rose in futures trade as participants increased their deal sizes following a pick-up in demand from consuming industries, market sources said.

16 Jun

Campus Activewear named title partner of Bengal Pro T20 League 2025 to boost regional sports and brand presence

Business BureauBusiness

Campus Activewear, one of India’s leading sports and athleisure footwear brands, has partnered with the Bengal Pro T20 League 2025 as the Title Partner for the upcoming season. The move highlights the brand’s commitment to empowering grassroots sports and reinforcing its connection with youth audiences across regional markets. With the league featuring both men's and women's formats, to be broadcast on Star Sports 3 and streamed on FanCode, Campus aims to translate its brand philosophy—“Move Your Way”—into meaningful action by investing in India’s emerging sporting talent. The partnership reflects Campus’s long-term vision of combining performance with aspiration while celebrating the…

16 Jun

DGT and Shell India launch EV training program to power India’s green workforce

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The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship, has partnered with Shell India to launch a nationwide training program focused on Electric Vehicles (EV) and Green Skills. Implemented by the Edunet Foundation across Delhi-NCR, Gujarat, Maharashtra, Tamil Nadu, and Karnataka, the initiative will equip thousands of ITI and NSTI students with industry-ready skills in electric mobility and renewable energy. Hon’ble Minister of State (Independent Charge) for Skill Development and Entrepreneurship, Shri Jayant Chaudhary, hailed the initiative as “a generational opportunity” for India’s youth to lead the global green economy. “This program aligns skilling with…

16 Jun

Stable Money raises Rs 173 crore from Nandan Nilekani’s Fundamentum, expands presence in Kolkata

Business BureauBusiness

India’s leading digital fixed-deposit platform, Stable Money, has secured ₹173 crore in Series B funding led by Fundamentum Partnership, co-founded by Infosys co-founder Nandan Nilekani. Existing backers including Aditya Birla Ventures, Z47, RTP Global, and Lightspeed also participated in the round, reaffirming confidence in Stable Money’s fixed-income investment model. Founded in 2022, the wealthtech platform enables users to invest in fixed deposits with returns up to 9.1%, offers instant withdrawals, and eliminates the need for savings accounts. Deposits come with RBI-backed DICGC insurance of up to ₹5 lakh. The company has already onboarded over 20 lakh users across India, managing…

14 Jun

SpiceJet Q4 results: PAT upsurge 174% y-o-y to ₹324.87 crore; posts first annual profit in seven years

editorBusiness, News

SpiceJet on Saturday reported a nearly three-fold jump in its standalone net profit for the fourth quarter of FY25. The budget carrier reported a standalone net profit of ₹324.87 crore in the March 2025 quarter, a 174% rise from ₹118.9 crore in the corresponding quarter of the previous fiscal. The company's operating revenue declined 16% y-o-y to ₹1,446.37 crore from ₹1,719.37 crore in the fourth quarter of FY25. SpiceJet achieved a passenger load factor (PLF) of 88.1% in Q4FY25, while revenue per available seat kilometre (RASK) stood at ₹5.33 during the quarter. SpiceJet FY25 Results For the full financial year…

14 Jun

SATYA MicroCapital’s collateral-free loans uplift rural women entrepreneurs in Assam

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SATYA MicroCapital Limited, a leading microfinance institution in India, is driving financial inclusion for rural women in Assam through its collateral-free loan model. The company has supported over 1.6 million women across rural and semi-urban India, enabling them to start small businesses and achieve financial independence. In Biswanath, Sumitra Devi, once a homemaker, became an entrepreneur with a ₹40,000 loan from SATYA. Unable to access formal credit due to lack of collateral, Sumitra launched a tailoring business from her home. With steady repayments, she qualified for higher loans, expanded her inventory, and now earns about ₹1,100 per day. She has…

14 Jun

Škoda Auto gears up for landmark 2025 with bold India growth strategy

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Škoda Auto India has unveiled a comprehensive roadmap to strengthen its presence in the Indian automotive sector, targeting 2025 as its “biggest year” yet. Celebrating 130 years globally and 25 years in India, the company aims to accelerate growth through a robust product lineup, rapid network expansion, and enhanced customer engagement. Brand Director Ashish Gupta emphasized India’s strategic importance, stating, “India is the most important growth market for Škoda Auto outside Europe. With clarity of vision and agility in execution, 2025 will mark a major leap for us in India.” Škoda’s aggressive product strategy includes expanding its SUV portfolio —…

14 Jun

ISUZU launches nationwide Monsoon Service Camp from June 16–21

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Isuzu Motors India has announced its nationwide ‘ISUZU I-Care Monsoon Service Camp’, scheduled from June 16 to 21, 2025. The initiative will cover the entire range of ISUZU D-MAX Pick-ups and SUVs, offering preventive maintenance and attractive service benefits across all authorised dealer outlets in India. As part of its ISUZU Care programme, the Monsoon Camp aims to ensure a safe and hassle-free driving experience for customers. The camp will be held at ISUZU’s extensive network of service facilities in over 75 locations, including major cities such as Chennai, Hyderabad, Kolkata, and Delhi. As local ISUZU owners prepare their vehicles…

14 Jun

IFL Enterprises Launches ₹49.14 Crore Rights Issue

Business BureauBusiness

The Rs. 49.14 crore Rights Issue of IFL Enterprises Limited (BSE – 540377), has engaged in the agri commodity business including import, export and trading of agri commodities, will open for subscription on June 19, 2025 and remain open till June 30, 2025. The Rights Issue is attractively priced at Rs. 1 per share, offering existing shareholders an opportunity to increase their equity in the company. Board of directors in the meeting held on June 9 2025 considered and approved the rights issue. Earlier, Board of directors of the company on 30th December, 2024 and Draft Letter of Offer dated…