Business - The Purbottar

02 Sep

HDFC Multi-Asset Fund – A suitable investment avenue

editor0 CommentsBusinessBusiness, hdfc

HDFC Multi‐Asset Fund aims to meet asset allocation needs of investors. It invests in 3 asset classes - Equity, Debt and Gold. Equity aims to provide capital appreciation, Debt aims to provide stability to the portfolio and Gold is a potential safe haven asset class, which also provides hedge against inflation and currency depreciation. The Scheme currently has a large cap bias, with 70% of its unhedged equity assets being invested in Large Caps as of July 31, 2021. HDFC Multi‐Asset Fund is a suitable investment avenue for investors, who are looking for a single product to provide exposure to…

02 Sep

Delhivery confirms acquisition of Spoton

editor0 CommentsBusinessBusiness, spoton

Acquisition of Bangalore-based Spoton Logistics has been confirmed by Delhivery (a leading end-to-end logistics and supply chain services company in India). This acquisition further strengthens Delhivery's existing B2B capabilities. Kotak Mahindra Capital Company acted as the financial advisor and Shardul Amarchand Mangaldas & Co. acted as the legal advisor to Delhivery on this transaction. Samara Capital and Xponentia that together acquired Spoton from IEP in 2018 are making a full exit for cash as part of the transaction.

02 Sep

Recyclable toothpaste tubes by Colgate

editor0 CommentsBusinessBusiness, Colgate

Colgate-Palmolive India has been manufacturing recyclable cartons and boxes across its portfolio for over a decade and is taking its next step into recyclable packaging. Now, Colgate-Palmolive has launched the first-of-its-kind recyclable toothpaste tubes in India that will be available nationally starting this month. The new tubes are soft, squeezable, and recyclable. Colgate’s recyclable tubes are a stepping stone in its journey to achieve 100% recyclability across its oral care portfolio in India. Colgate-Palmolive was the first in the world to introduce a recyclable toothpaste tube and is sharing its technology with the industry to support a shift to a…

01 Sep

Gujarat Tourism Development

editor0 CommentsBusinessBusiness, Gujarat Tourism Development

Gujarat Tourism Department is developing Border tourism under Seema Darshan project at zero point of international border at Nadabet. With this innovative approach of Border Tourism, people of the nation are getting an opportunity to know the border and enjoy the experience of border tourism.Considering the big number of the tourists coming in Gujarat, various attractions have been added at Nadabet by the tourism department like Pared Ground, Exhibition Centre, Auditorium, Lighting, Solar Trees, Selfie Points. This development will help in the local employment has been increased in the last 5 years due to launch of Seema Darshan Program.‘Ajay Prahari’…

01 Sep

Vedix ayurvedic skincare range

editor0 CommentsBusinessBusiness, vedix

The world’s first customized modern ayurvedic lifestyle and wellness brand, Vedix aims to strengthen its position across key regional markets in India. As part of twin-marketing strategy, the brand is eyeing to tap both regional and international markets simultaneously. Vedix (a Hyderabad-based customised Ayurveda beauty tech startup) leverages the power of AI and Ayurveda to design hyper customized hair and skin care regime to deliver the maximum benefit for the skin and hair problems. The tech beauty brand is one of the biggest consumer tech startups from Hyderabad and has become a category leader in close 3 years of its…

01 Sep

Safexpress opens its 64th Logistics Park-Siliguri, in West Bengal

editor0 CommentsBusiness, West BengalBusiness, safexpress, west bengal

Safexpress, India’s has launched its 64th, ultra-modern, Siliguri Logistics Park in West Bengal. This facility is strategically located on National Highway-27 near Bagdogra Airport. This highway connects West Bengal to key neighbouring states for trade and transport. This new logistics park will serve as a nodal point for logistics and to provide for the transitional connective facility with all Indian states, especially with nearby districts and manufacturing hubs. Better known as the ‘Gateway of Northeast India’, Siliguri has been a thriving business hub for different industries. The Siliguri Corridor is a narrow stretch of land (about 22 kilometres wide) located…

01 Sep

Axis Mutual Fund launches ‘Axis Consumption ETF’

editor0 CommentsBusinessaxis mutual funt, Business

Axis Mutual Fund has launched their new fund– ‘Axis Consumption ETF’. The new fund offers (NFO), will allow exposure to the consumption theme in a neatly packed bite sized exchange traded fund. The new fund offers long-term wealth creation solutions and targets to achieve returns by investing in a basket of NIFTY India Consumption Index stocks. The Axis Consumption ETF fund seeks to track returns by investing in a basket of NIFTY India Consumption Index stocks and aims to achieve returns of the stated index, subject to tracking error. Minimum Investment (NFO) Rs.5,000 and in multiples of Rs.1/- thereafter. The…

01 Sep

EdelGive launch the GROW Philanthropic Fund

editor0 CommentsBusinessBusiness, edelgive, GROW Philanthropic Fund

EdelGive Foundation launches the Grassroots, Resilience, Ownership and Wellness (GROW) Fund, a first-of-its-kind initiative aimed at building the capabilities, resilience and future readiness of grassroots organisations. Anchored by EdelGive Foundation along with a collection of reputed funders, the GROW Fund aims to strengthen 100 high impact grassroots organisations over 24 months, through capacity building, and support of key organisational functions. The Bill and Melinda Gates Foundation, Manan Trust, Rohini Nilekani Philanthropies, MacArthurFoundation, A.T.E. Chandra Foundation and Ashish Kacholia, along with the Edelweiss Group have joined as core funders to the initiative. On the launch of the fund CEO, EdelGive Foundation,…

01 Sep

Mahindra First Choice Wheels launches 75 new car stores across India

editor0 CommentsBusinessBusiness, mahindra

Mahindra First Choice Wheels Ltd (MFCWL), India’s leading multi-brand pre-owned cars retailer, launched 75 new state-of-the-art franchise stores across Tier I/II/III cities of India. The addition of these new stores has now strengthened MFCWL’s market leadership in the organized used car segment. MFCWL has now a strong network of over 1100 stores pan India.The newly launched store is Mahabir Enterprises in Nalbari. Theis new Mahindra First Choice store will offer all the facilities and services that the MFCWL brand represents including certified used-car sales, warranty on Mahindra Certified used cars, easy finance, hassle-free RTO transfer and superlative customer experience.MFCWL has…

26 Aug

HDFC Multi-Asset Fund – A suitable investment avenue

editor0 CommentsBusinessBusiness

HDFC Multi‐Asset Fund aims to meet asset allocation needs of investors. It invests in 3 asset classes - Equity, Debt and Gold. Equity aims to provide capital appreciation, Debt aims to provide stability to the portfolio and Gold is a potential safe haven asset class, which also provides hedge against inflation and currency depreciation. The Scheme currently has a large cap bias, with 70% of its unhedged equity assets being invested in Large Caps as of July 31, 2021. HDFC Multi‐Asset Fund is a suitable investment avenue for investors, who are looking for a single product to provide exposure to…