editor - The Purbottar

25 Feb

Rupee Settles 13 Paise Higher At 71.85 On Easing Crude Prices, Weak Dollar

editor0 CommentsNorth East

The rupee recovered 13 paise to close at 71.85 against the US dollar on Tuesday, provisional market data suggests, amid easing crude oil prices and weakening of the dollar in overseas market.Forex traders said that weak dollar and easing crude oil prices supported the rupee, but losses in domestic stocks and foreign fund outflows weighed on the domestic currency and limited its upmove.At the interbank foreign exchange market, the rupee had opened on a positive note at 71.84, and touched a high of 71.78 and low of 71.90 during the day.The rupee cut short its three-day losing run, with today's…

24 Feb

Mukesh Ambani’s Big Revamp Of TV Business Before Potential Stake Sale

editor0 CommentsBusiness

Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is merging its media and distribution businesses spread across multiple entities into Network18 Media & Investments Ltd. to help simplify the structure of the assets.The broadcasting business, TV18 Broadcast Ltd., will be housed in Network18, while the cable and internet services will be folded under two separate wholly owned units of Network18, Reliance Industries said in a statement late Monday.Under the recast, the share exchange ratio would be:92 shares of Network18 for every 100 shares of TV1878 shares of Network18 for every 100 shares of Hathway Cable & Datacom Ltd.191 shares…

24 Feb

Pay Hikes In India To Fall To Decade Low In 2020

editor0 CommentsBusiness

A new survey report on Tuesday said that India will see the lowest salary increase in a decade this year and even the real estate and transport sector -- the top national job generators -- will witness lowest pay hikes in 2020.The sharpest drop in pay hikes was projected in the auto sector, reflecting its stress; e-commerce sector was seen giving a double-digit pay hike -- among the highest across 20 sectors -- surveyed by on Plc, a human resource consultancy firm ."The vehicle manufacturing industry reported the biggest drop, from 10.1 per cent in 2018 to 8.3 per cent…

24 Feb

Sensex, Nifty End At Two-Week Lows; Telecom Stocks Plunge

editor0 CommentsBusiness

The S&P BSE Sensex and NSE Nifty 50 indexes fell for fourth day in a row to close at lowest level in two weeks on Tuesday weighed down by weakness in HDFC, Reliance Industries, Bharti Airtel, IndusInd Bank and Maruti Suzuki. Telecom shares were among the worst hit in trade a day after telecom firms Bharti Airtel and Vodafone Idea partly paid the adjusted gross revenue dues as directed by the Supreme Court. The Sensex fell as much as 445 points to hit an intraday low of 40,610.95 and the NSE Nifty 50 index broke its psychological important level of…

24 Feb

Lonely Planet: Bhutan the best country to visit in 2020

editor0 CommentsEntertainment, Lifestyle, Sikkim, Travel

THIMPHU: Bhutan is named the best country to visit in 2020, above England and North Macedonia, in the Lonely Planet’s travel guide book, “Best in Travel 2020.” Lonely Planet is an international travel guide book publisher. Best in Travel is Lonely Planet’s annual publication highlighting the top 10 countries, cities, regions and best value destinations. The country’s low impact tourism policy, its rich culture and tradition, and sustainable practices are the reasons why Bhutan hit the publisher’s top list. When it comes to sustainability, being the first carbon-negative country in the world, the country leads the pack, according to Lonely…

22 Feb

After Amazon, Walmart’s Flipkart Challenges Antitrust Probe

editor0 CommentsNorth East

Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc.The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain discounting practices by the two e-commerce giants, but a state court put the investigation on hold last week following a challenge by Amazon.Flipkart's legal filing was aimed at signalling the company is aggrieved by the CCI's probe order, a person familiar with the matter said.

22 Feb

Bharti Airtel To Make Balance Payment To Government Expeditiously

editor0 CommentsNorth East

Sunil Bharti Mittal, founder and chairman of Bharti Airtel, on Thursday said that adjusted gross revenue (AGR) issue is an unprecedented crisis for the telecom industry. Mr Mittal's comments came after he met telecom minister Ravi Shankar Prasad to give an overall view of the industry."Committed to complying with the Supreme Court order on adjusted gross revenue (AGR), and Bharti Airtel will make the balance payment expeditiously," Mr Mittal told reporters.Mr Mittal also said that the telecom industry is heavily taxed and suggested cut in taxes and levies for the sector.

22 Feb

France’s ADP Buys 49% Of GMR Airports For $1.45 Billion

editor0 CommentsNorth East

French airports operator ADP, which operates Paris airports Roissy and Orly, has bought a 49 per cent stake in GMR Airports for 1.34 billion euros ($1.45 billion), ADP said on Thursday. GMR Airports has a portfolio of seven airports in three countries: India, the Philippines and Greece. ADP said the Delhi and Hyderabad airports in India and the Mactan-Cebu airport in the Philippines together handled a total of 102 million passengers in 2019.The four other airports, which had 22 million passengers in 2019, are either under development (Goa and Heraklion) or were recently won by GMR after a bidding process…

22 Feb

Vedic Mathematics make Maths simple, fun and interesting

editor0 CommentsNorth East

The Kolkata based Vedic Maths Forum India announces its partnership with Directorate of Education, U.T Administration of Dadra and Nagar Haveli and Daman and Diu to teach over 10,000 students of standard IX of the Government Schools in Vedic Mathematics over a period of a month.Children studying in the Government Schools in the Union Territory and the department of education struggle with Mathematics a lot. They find basic mathematical calculations like addition, subtraction, multiplication tables very difficult as most of the students are first generation going to schools without any support from their parents at home.The children suffer from Maths…

21 Feb

Budget 2020: Impact on the Indian economy

editor0 CommentsBusiness

Calcutta Chamber of Commerce take on union budget 2020 2021and its impact on economy.The guest of honor present was Shri Sumit Dutt Majumder Shri Gaurav Swarup CA Dipankar Chatterjee Shri Saurabh Kedia and Shri Rajeev Maheshwari . The main point of discussion were the whole excise is an opportunity for the government to unfold the economic policies for sustainable growth of economy. The budget has foccused on the ease of living when it is talked about . It has focussed on startup scheme , msme sector as well as on the new economy that focuses om Al quamtam technology alongwith…