editor - The Purbottar

27 Jan

Current Situation Of Air India Is Very Fragile, Says Civil Aviation Minister

editor0 CommentsNorth East

Civil Aviation Minister Hardeep Singh Puri, addressing the media on Monday, described the current situation of the national carrier as “very fragile”. The government had earlier released the preliminary information memorandum (PIM) for seeking expression of interest for strategic disinvestment of Air India. Mr Puri added that Air India is under a debt trap due to accumulated debt of around Rs 60,000 crore.After failing to sell majority stake in Air India in 2018, the government has worked on critical areas this time around to make the disinvestment bid more attractive to the prospective bidder, Mr Puri said.

27 Jan

Sensex Plunges 458 points, Nifty Closes Below 12,150; Bank, Metal Stocks Weigh

editor0 CommentsNorth East

The S&P BSE Sensex and NSE Nifty 50 indices lost more than 1 per cent, weighed down by weakness in banking, metal and financial services shares. The Sensex ended at 41155, weaker by 458 points or 1.1 per cent and the NSE Nifty 50 ended at 12,119, down 129 points or 1 per cent.Earlier in the day, the benchmarks opened lower tracking losses in other Asian peers as fears about the economic impact of China's spreading virus outbreak curbed risk appetite. Japan's Nikkei 225 fell nearly 2 per cent in early trade on Monday. Contracts on the S&P 500 Index…

27 Jan

1 Lakh Tons Of Dutch-Made Tata Steel Exempt From US Tariffs

editor0 CommentsNorth East

A US tariff on laminated steel used in packaging will not apply to Tata Steel products manufactured in the Netherlands, the Dutch foreign trade minister said on Monday.Sigrid Kaag told reporters that the US had agreed the products would be exempt from a 25 per cent tariff announced by the administration of President Donald Trump in June 2018, saving consumers and the company up to 100 million euros annually in tariff costs."The import tariffs on laminated steel have been retracted and that's wonderful news for Tata Steel," Kaag told reporters in The Hague. "It's good for us, and good for…

27 Jan

Ladybird brand of hygiene products sets sights on overseas markets

editor0 CommentsBusiness

Kolkata-based L B HYGIENE CARE Pvt Ltd has launched a slew of Ladybird brand of personal hygiene and healthcare products in the market and is set to expand its product basket. L B HYGIENE CARE was incorporated in 2019 as manufacturing unit for import, packaging and distribution of different types of personal hygiene and healthcare products. In the past one year, the company has gradually introduced in the market - sanitary napkins, baby diapers, adult diapers and under pads to make a foray into the hygiene and healthcare market segment under the Ladybird brand. “L B HYGIENE CARE Private Limited…

26 Jan

India’s Military Might On Display At Grand Republic Day Parade

editor0 CommentsNorth East

India celebrated its 71st Republic Day today with a 90-minute display of military might, cultural diversity and socio-economic progress. The armed forces took centre-stage parading an array of weapons, the Defence Reserch Organisation put up a display of state-of-the-art technology and the 22 tableaux held a spectacular display of colours, art and lifestyle. Brazil President Jair Bolsonaro was the Chief Guest. The ceremony started with Prime Minister Narendra Modi, in a first, visiting the National War Memorial instead of the Amar Jawan Jyoti, where he paid tributes to soldiers who died fighting for the country. The nation's armed forces took…

26 Jan

Western Union and Airtel Payments Bank Real-Time International Remittances to India

editor0 CommentsBusiness

Western Union, a leader in cross-border, cross-currency money movement and payments, and Airtel Payments Bank, a subsidiary of India’s largest integrated telco - Bharti Airtel, today announced a collaboration enabling millions of Airtel Payments Bank customers in India to receive international remittances in their bank accounts. Airtel Payments Bank customers can soon direct Western Union money transfers into their bank accounts through the banking section of the Airtel Thanks App in real-time1. These transfers will be available for withdrawal at any of the over 500,000 banking points of Airtel Payments Bank. Western Union’s collaboration with Airtel Payments Bank offers another channel for swift transfer of cross-border remittances into India, the world’s…

25 Jan

BML Munjal University announces two new specializations for MBA courses

editor0 CommentsNorth East

BML Munjal University (BMU), the Hero Group’s not-for-profit university, today announced the launch of specializations for MBA courses – Artificial Intelligence and Data Engineering & Operations and Supply Chain. The students will have the option to choose an area of specialization in the second semester. The specializations are aimed at making students ready for future technologies and the dynamic business and industrial environment. In addition, the University is accepting applications for the MBA Program for 2020- 22 batches. The applicants will have to fill in the online common application form available at www.bmu.edu.in/apply-page/, by January 30, 2020. The two new…

25 Jan

Twitter launches Tricolor India Gate emoji for 71st Republic Day Celebrations

editor0 CommentsTech Byte

With the nation gearing up to celebrate its 71st #RepublicDay, Twitter India has launched a custom emoji to mark this momentous occasion. The specially designed emoji depicts the India Gate lit up in Tricolor, paying homage to the grand Republic Day Parade in the country’s capital. The Office of the Hon'ble President of India Shri RamnathKovind (@rashtrapatibhvn) will be Tweeting with the emoji on January 25th during his address to the nation, as citizens across the country take to Twitter to participate in public conversation. The emoji will be live until 30th January, 2020 and will be available in English…

24 Jan

Maruti Suzuki Eeco is now BS6 compliant

editor0 CommentsBusiness

Leading the BS6 transition, Maruti Suzuki India Limited announced the launch of the BS6 variant of country’s best-selling multi-purpose van Eeco. Eeco is the 9th BS6 offering from Maruti Suzuki ahead of the Government stipulated timeline. In 2019, Eeco wholesales crossed 1 lakh units for the first time, reflecting growth of 36% over 2018 wholesales. Eeco has established a strong foothold with its excellent mileage, best-in-segment comfort, space and power, at a low maintenance cost. Maruti Suzuki Eeco was launched in January 2010 and crossed the mark of 6.5 lakh unit cumulative sales. Brand Eeco with its practical and spacious…

23 Jan

Strides Consumer forays into eastern Indianwith two uniquely formulated products

editor0 CommentsNorth East

Strides Consumer Private Limited (SCPL), a Bangalore –based consumer healthcare company, today marked its foot print into the eastern markets of India, after successful expansion in southern regions. With its entry, SCPL has launched two distinct products – NIXIT, an oral Nicotine Replacement Therapy (NRT)and JOINTFLEX, a topical analgesic cream for joint care. SCPL aims to offer the Indian consumers high quality and differentiated products inspired from the best of global products with Indian customization. Headed by industry veteran Mr. Subodh Marwah, SCPL has two marquee investors - India Life Sciences Fund with ~74% holdings and Strides Pharma Science Ltd (a listed…