nanika Editor - The Purbottar

07 Mar

Cooking Gas Prices Hiked: Domestic LPG Cylinder Cost Rises by ₹60

nanika EditorLatest

Cooking gas prices have increased across the country, adding pressure on household budgets. The price of domestic LPG cylinders has been raised by ₹60 in one go. With the latest revision, the price of a 14.2 kg LPG cylinder has gone up from ₹879 to ₹939. Not only domestic cylinders, but the price of commercial LPG cylinders has also increased. The cost of a 19 kg commercial cylinder has been raised by ₹114.50. Earlier priced at ₹1,875.50, the new price now stands at ₹1,990 per cylinder.It may be recalled that on March 1, the price of commercial LPG cylinders had…

06 Mar

West Asia Emerges as Key Market for Asian Cars Amid Global Trade Tensions

nanika EditorInternational

New Delhi, March 6: India and China remain among the largest exporters of automobiles to West Asia, shipping vehicles worth billions of dollars each year to the region. However, the ongoing US-Israel conflict with Iran has raised concerns about potential disruptions to this crucial trade route.The conflict, which entered its seventh day on Friday, has heightened tensions around the Strait of Hormuz, a key maritime corridor through which a significant portion of Asia’s vehicle exports to West Asia are transported. Shipping activity along the route has slowed amid fears of possible attacks.For China, West Asia is the second-largest overseas market…

05 Mar

Gas Supply Disruptions Push Adani Total Gas to Hike Industrial Rates

nanika EditorBusiness

Adani Total Gas Limited (ATGL) has significantly increased gas prices for industrial customers, citing reduced availability of gas due to the ongoing conflict in West Asia. The decision was communicated to clients through a notice seen by Reuters.ATGL is a joint venture between the Adani Group and French energy major TotalEnergies.The price hike comes after escalating tensions in the region disrupted energy supply routes. Recent attacks on Iran and retaliatory strikes from Tehran have affected shipping movements through the Strait of Hormuz, a key global energy corridor between Iran and Oman. The route carries nearly one-fifth of the world’s oil…

03 Mar

West Asia Conflict Disrupts Air Travel: 10 Flights Cancelled at Kolkata Airport

nanika EditorEconomy

Operations at Netaji Subhas Chandra Bose International Airport were disrupted on Tuesday as at least 10 international flights were cancelled amid the escalating conflict in West Asia. Airport officials confirmed that five departures and five arrivals were called off, causing inconvenience to several passengers.Major West Asian carriers, including Emirates, Qatar Airways, Etihad Airways, and Air Arabia, suspended services connecting Kolkata with key transit hubs such as Dubai, Doha, and Abu Dhabi.Emirates cancelled two arrival and two departure flights on the Dubai route. Qatar Airways suspended one arrival and one departure service to Doha. Etihad Airways called off one incoming and…

28 Feb

India’s FY27 Growth Outlook Raised to 7–7.4% After New GDP Series Revision: CEA

nanika EditorEconomy

India’s economic growth outlook for 2026-27 has been revised upward to 7–7.4% following the release of a new GDP series by the Ministry of Statistics and Programme Implementation (MoSPI), Chief Economic Advisor (CEA) V. Anantha Nageswaran said.The revision comes after the new GDP base year and methodological changes indicated stronger underlying growth momentum. Under the updated series, growth for 2025-26 is now estimated at 7.6%, 20 basis points higher than the earlier projection of 7.4% under the 2011-12 base year.Speaking after the data release, Nageswaran said the government had earlier projected a growth range of 6.8–7.2% for FY27 in the…

27 Feb

Bombardier Eyes Long-Term Growth in India’s Expanding Aviation Market

nanika EditorEconomy

Canadian aircraft manufacturer Bombardier sees strong long-term potential to expand its business jet sales in India as the country accelerates investments in aviation infrastructure, the company’s chief executive officer Eric Martel has said.Speaking in Montreal, Martel highlighted that nearly 60 Bombardier business jets are currently operating in India. However, he noted that limited aviation infrastructure has been a key challenge for further expansion. With the Indian government now investing heavily in airport development, the outlook appears increasingly positive.“They are building a dozen airports, and possibly more,” Martel said, pointing to ongoing infrastructure upgrades across the country. He added that sustained…

26 Feb

Vedanta Board Clears ₹3,000 Cr Debenture Issue to Strengthen Finances

nanika EditorBusiness

Vedanta Ltd. has approved plans to raise up to ₹3,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The decision was cleared by the company’s committee of directors as part of efforts to strengthen its capital structure and optimize borrowing costs.According to a regulatory filing, the company will issue up to three lakh unsecured, rated, listed, and redeemable NCDs with a face value of ₹1 lakh each, aggregating to a total of ₹3,000 crore. The debentures will be listed on the BSE.Vedanta has witnessed strong investor appetite for its previous debt offerings. A ₹500 million…

25 Feb

Tata Consultancy Services Pushes AI-First Strategy, Even at Risk of Revenue Loss

nanika EditorBusiness

In a bold move that signals confidence in the future of artificial intelligence, Tata Consultancy Services (TCS) has asked its employees to actively adopt AI-driven solutions—even if doing so disrupts the company’s existing revenue streams.At a time when AI is creating anxiety across the IT services sector over billing models and job security, TCS Chief Executive Officer and Managing Director K. Krithivasan has taken a clear stand: embrace change, don’t resist it.Speaking at the 34th Nasscom Technology and Leadership Forum (NTLF), Krithivasan urged employees to inform clients if tasks can be completed “faster, better, and cheaper” using AI—even if that…

24 Feb

RBI Sees ‘No Systemic Issue’ After ₹590-Crore Fraud at IDFC FIRST Bank

nanika EditorFinance

A day after IDFC FIRST Bank disclosed a ₹590-crore fraud involving accounts linked to the Haryana government, Sanjay Malhotra, Governor of the Reserve Bank of India (RBI), said the central bank is closely monitoring the situation and there is “no systemic issue” affecting the broader banking system.Speaking to reporters after the customary post-Budget meeting of the RBI’s central board of directors, the governor stated that while the central bank does not comment on individual banks or regulated entities, it is keeping watch on developments. He emphasized that the incident does not pose any risk to the stability of the financial…

23 Feb

Over Rs 4 Crore Dispute Pushes Mawkhar Presbyterian Church into Crisis

nanika EditorMeghalaya

The Mawkhar Presbyterian Church is grappling with one of the most serious crises in its history following alleged financial irregularities exceeding Rs 4 crore, leading to a sharp fallout with the KJP Synod Sepngi.The controversy began after discrepancies were found in church accounts for the financial years 2016–2019. A reconciliation process in June 2019 revealed inconsistencies between cash records and bank deposits. Initial verification of documents—including cash books, passbooks, deposit slips, and SBI Bara Bazar Branch statements—showed a shortfall of around Rs 2.86 crore.Further disclosures indicated that a portion of the discrepancy had reportedly been known since 2017 during an…