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12 Jun

Lava showcases ‘Made in India’ innovation at Kolkata Insiders Meet

Business BureauBusiness

Homegrown smartphone maker Lava International Ltd. on Thursday hosted the Kolkata edition of its flagship Insiders Meet initiative, bringing together technology creators, enthusiasts and media professionals to showcase its latest portfolio of smartphones, audio products and accessories. Held at JW Marriott Kolkata, the event provided attendees with hands-on experience of Lava’s smartphone lineup, including the Agni, Blaze, Shark, Bold and Smart series. The company also introduced its latest SHARK 2 5G smartphone as part of its growing 5G portfolio. Lava highlighted the Agni 4 as its flagship offering, featuring in-house Vayu AI, an AMOLED display and advanced camera capabilities. The…

12 Jun

Tetley eyes growth in wellness beverage segment with Green Tea Slim Care

Business BureauBusiness

Tetley is positioning itself to benefit from the growing demand for wellness and functional beverages by promoting the role of L-Carnitine-infused green tea in supporting weight management and healthy lifestyle choices. The Tata Consumer Products-owned brand has highlighted L-Carnitine as a nutrient involved in energy production, transporting long-chain fatty acids into the mitochondria where they are utilised for energy and fat metabolism. The nutrient is naturally present in foods such as dairy products and is also produced by the human body from the amino acids lysine and methionine. According to scientific evidence cited by the company, L-Carnitine can support the…

12 Jun

Dabur India Under Regulatory Pressure Following US FDA Import Alert for Silvassa Unit

anuprovaBusiness

Shares of FMCG and Ayurvedic major Dabur India have slid into the spotlight after the United States Food and Drug Administration (US FDA) slapped a formal import alert on drug products manufactured at its Silvassa facility in Dadra and Nagar Haveli. The regulatory mandate, categorized under Import Alert 66-40, enforces a "Detention Without Physical Examination" status, allowing US port authorities to automatically block and seize incoming consignments from this specific plant without testing individual batches. The strict enforcement action followed an extensive inspection that uncovered critical data integrity gaps and facility maintenance failures. Most notably, the US drug regulator's report…

11 Jun

Crude Holds Steady as U.S.-Iran Military Strikes Counterbalance Softening Global Demand

anuprovaBusiness

Global oil benchmarks remained tightly range-bound as market participants carefully balanced a fresh escalation in U.S.-Iran military hostilities against a backdrop of cooling international demand. Crude prices initially spiked following a round of targeted U.S. airstrikes near the critical Strait of Hormuz—ordered in retaliation for the downing of an American Apache attack helicopter—before retreating back to absolute equilibrium. Global benchmark Brent crude futures hovered flatly at $91.24 per barrel, while U.S. West Texas Intermediate (WTI) navigated a tight corridor around $88.06 per barrel. This gridlock underscores a deep tug-of-war in the energy sector, where an immediate geopolitical risk premium is…

11 Jun

Blenders Pride Unveils “Reserved Experiences” to Reimagine Flavour Across All Senses

Business BureauBusiness

Blenders Pride Packaged Drinking Water has launched “Blenders Pride Reserved Experiences,” a new cultural platform designed to deliver flavour as a multi-sensory journey — seen, heard, felt and tasted, not just consumed. Curated with Chef Kunal Kapur, the Kolkata showcase featured an intimate live gastro-performance where texture, aroma and rhythm were orchestrated in real time, followed by immersive spaces including visuals, aroma-led installations, tactile explorations and a curated tasting experience. The platform continues its journey after earlier editions in Chandigarh, Gurgaon and Jaipur, with 10+ activations planned across key markets.

10 Jun

Bandhan Bank ties up with Centrum Finverse to launch 3-in-1 investment platform

Business BureauBusiness

Bandhan Bank has entered into a strategic partnership with Centrum Finverse Limited, the full-service brokerage arm of the Centrum Group, to launch an integrated 3-in-1 account that combines banking, demat and trading services on a single platform. The collaboration aims to simplify the investment journey for customers by offering a seamless, paperless account-opening process supported by Bandhan Bank’s extensive branch network and digital platforms. Through the unified platform, customers will gain access to a wide range of investment opportunities, including equities, IPOs, derivatives, ETFs and indices, along with advanced trading features such as chart-based execution, algorithmic strategies and margin leverage.…

10 Jun

Reliance, Meta join hands to build AI-enabled data centre in Jamnagar

Business BureauBusiness

Reliance Industries Limited (RIL) on Wednesday announced a strategic partnership with Meta Platforms to develop a 168 MW AI-enabled data centre in Jamnagar, Gujarat, marking Meta’s first built-to-suit data centre capacity in India and a major boost to the country’s ambitions of becoming a global artificial intelligence infrastructure hub. Under the agreement, Meta will lease capacity from the facility, which is expected to be delivered within two years with an option for future scaling. The data centre will support Meta’s global infrastructure, core business operations and growing AI compute requirements, while strengthening its long-standing partnership with Reliance across connectivity, commerce…

09 Jun

Adani Energy Consolidates Digital Power Dominance with ₹3,050 Crore Acquisition of Leading Smart Meter Firm IntelliSmart

anuprovaBusiness

Adani Energy Solutions Limited (AESL) has signed a binding securities purchase and subscription agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Private Limited for a total consideration of ₹3,050 crore. IntelliSmart, one of India’s top three smart metering operators, was established as a prominent joint venture between the sovereign-linked National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The multi-crore transaction includes the total buyout of IntelliSmart's equity share capital alongside the complete redemption of optionally convertible debentures held by NIIF. The absolute finalization of the cash-based deal remains subject to customary closing conditions and…

09 Jun

PM Ujjwala Subsidy Hit: Annual Cylinder Limit Slashed to 4 from 9, ₹300 Concession Remains

PreetiBusiness

The number of PM Ujjwala Yojana scheme cylinders has been reduced from 9 to 4 per year. Under this scheme, poor consumers used to receive 9 cylinders a year at a subsidized price, with a concession of ₹300 on each cylinder.That means such beneficiaries only had to pay ₹642 per cylinder. However, due to a shortage of cooking gas caused by the war in West Asia, the Center has decided to reduce the 9 cylinders provided to the poor to four.

09 Jun

JSW Steel Nears 98% Capacity Utilisation in India, Eyes Future 54.8 MTPA Target

nanikaBusiness

India's largest steelmaker by capacity, JSW Steel, has reported a robust 15 percent year-on-year jump in consolidated crude steel production for May, reaching 2.29 million tonnes. According to an official company statement, the growth was primarily driven by the full resumption of operations at its Dolvi plant and a successful ramp-up at JVML. Production from domestic operations alone rose 15 percent to 2.19 million tonnes, while the company's US facility in Ohio registered a 20 percent output increase to 950,000 tonnes. This substantial production surge was achieved despite a major planned outage at the company’s flagship Vijayanagar facility in Karnataka.…