editor - The Purbottar

21 Jan

Zomato Q3 results: Net profit drops 57.2% to Rs 59 crore as against Rs 138 crore a year ago; shares fall

editorBusiness, News

Zomato Q3 results: Zomato on Monday reported a 57.24 per cent drop in its net profit to Rs 59 crore for the December 2024 quarter (Q3 FY25), according to a regulatory filing. Following this, its shares declined 7 per cent intra-day and closed at Rs 240.95 per share, down 3.14 per cent from the previous day.However, the food delivery platform's revenue grew 64 per cent to Rs 5,405 crore during October-December 2024 as against Rs 3,288 crore in the same period a year ago.Importantly, its quick commerce Blinkit, which had kept Zomato profitable in previous quarters, has reported an EBIT…

20 Jan

Havells India shares jump despite marginal drop in third quarter net profit

editorBusiness, News

Havells India Ltd shares jumped on January 20 despite the company reporting a marginal drop in net profit in the December quarter. The home appliance maker's profit fell to Rs 283 crore from Rs 288 crore a year ago in the quarter ended December 31. Havells' revenue from operations rose nearly 11% to Rs 4,883 crore, while total expenses rose 12.3% to Rs 4,564 crore. Havells India shares were trading 1.5% higher at Rs 1,598 per share at 1:35 pm on January 20. This performance reflected strong demand from its switchgear project business, but it suffered inventory de-stocking in wires…

20 Jan

CM Himanta invites South Korean industrialists to invest in Assam

editorAssam

Chief Minister Himanta Biswa Sarma on Monday pitched before industrialists in South Korea the locational, strategic and policy advantages of Assam, inviting them to invest here. He also emphasised the Centre's focus on the Northeast and the commitment of top business houses of the country to push for industrial growth in the region. "Advantage business ties! I began the day in Seoul by speaking to over 140 business leaders at the Advantage Assam roadshow, organised by the Indian Chamber of Commerce in South Korea," Sarma posted on X.

20 Jan

Assam: Water supply to be disrupted in parts of Guwahati on Jan 20

editorAssam

The Guwahati Jal Board (GJB) informed that several areas, including Ambikagiri Nagar, Rodali Path, Bishnu Path, Jyoti Path, Naamghar Path, Jurani Path, Triveni Path, Sankardev Sishu Kunjalaya Path, Dhrubajyoti Path, Bhagadutta Path, Ananda Path, and Akashi Path, are set to experience water supply interruptions today, January 20. GJB also stated that the disruption is due to ongoing leakage rectification work at Agoli Path. Efforts are underway to resolve the issue promptly, and the supply is expected to resume once the repairs are completed. Consumers have been urged to make necessary arrangements during this period

20 Jan

Finance Commission chairman Arvind Panagariya meets Sikkim CM

editorSikkim

The full team of the 16th Finance Commission, led by its chairman Arvind Panagariya, met Sikkim Chief Minister Prem Singh Tamang at the state secretariat in Gangtok on Monday. Panagariya and his colleagues arrived in Sikkim on Sunday on a five-day visit for consultation with various stakeholders. "This morning, I had the distinct honor of meeting the Hon’ble Chairman of the 16th Finance Commission, Prof. Arvind Panagariya Ji, along with the esteemed members and distinguished officials of the commission, at my office, Tashiling Secretariat," Tamang said in a social media post.

20 Jan

Terror group operative arrested from Assam’s Dhubri

editorAssam

A person, suspected to be a member of a fundamentalist terror group, was arrested in Assam’s Dhubri district, a police spokesperson said on Sunday. The arrest was made by the state police’s Special Task Force (STF) as part of ‘Operation Praghat’, an ongoing multi-state exercise against terrorists, fundamentalists and terror networks. The spokesperson said, "One Jaheer Ali, a ‘jehadi’, was apprehended from Khudigaon village under the Bilasipara police station limits."

20 Jan

A group of monks from Nepal put on a kung fu demonstration with sword techniques in front of an enthusiastic audience

editorSports

The Druk Amitabha nunnery in Nepal reopened to the public after a five-year closure due to the COVID-19 pandemic. To mark the occasion, a group of nuns performed kung fu demonstrations, including sword techniques, before an enthusiastic audience. These nuns belong to the 1,000-year-old Drukpa lineage, which advocates for gender equality within the traditionally patriarchal Buddhist monastic system. The nunnery, established in 2009, now houses 300 members aged between six and 54, who receive kung fu training to promote gender equality and women's empowerment. Beyond their spiritual pursuits, the nuns engage in relief missions and environmental initiatives across the Himalayas.

20 Jan

Bhutan’s GMC plan will promote “mindful capitalism”

editorEconomy

Bhutan has announced plans for the Gelephu Mindfulness City (GMC), a $100 billion initiative aimed at addressing economic challenges such as youth unemployment and brain drain. Spanning an area three times the size of Singapore, GMC will promote "mindful capitalism," integrating ecological harmony and spiritual well-being with economic development. Former Prime Minister Dr. Lotay Tshering, now GMC's governor, emphasized the project's potential to attract foreign companies committed to sustainability. Despite its ambitious vision, the project faces financial and political challenges, including potential influences from neighboring India and China.

18 Jan

Philippe Clement Responds to Rangers Chairman’s Criticism

editorSports

Rangers manager Philippe Clement has addressed remarks made by club chairman Fraser Thornton, who described the team's away performance as "horrendous." Clement concurred with the assessment, acknowledging his dissatisfaction with the team's away record, noting that they have dropped 20 out of a possible 33 points on the road this season. He emphasized the need for improvement in away matches while expressing contentment with their home form. The club is undergoing a comprehensive review of its football operations, with Clement actively participating in discussions aimed at enhancing performance. Despite recent challenges, including player injuries, Clement remains optimistic about future outcomes.…

18 Jan

Havells shares increase, company’s Q3 revenue rises 10% to Rs 4,889 crore

editorBusiness, News

Havells India shares jumped 1.08% on January 17 after the company announced its Q3 results on January 16. The company's revenue from operations grew 10% to Rs 4,888.98 crore in Q3 FY25 as against Rs 4,413.86 crore in Q3 FY24. The shares opened 0.79% lower at Rs 1,544.95 and later recovered from the losses by hitting an intraday high of Rs 1,617.95 in the early morning hours of January 17. The stock later pared some gains and traded at Rs 1,574.15. Though the company reported a rise in revenue, its net profit declined to Rs 278 crore in Q3 FY25.…