nanika Editor - The Purbottar

08 Jul

Flipkart Strengthens Fashion Marketplace with Seller-First Initiative

nanika EditorBusiness

Flipkart has announced a major expansion of its seller-first strategy by removing commission on all fashion products sold through its marketplace, regardless of their price. The Walmart-owned e-commerce company said the move will benefit nearly 90,000 active fashion sellers, including micro, small and medium enterprises (MSMEs), direct-to-consumer (D2C) brands and homegrown fashion labels. Previously, the zero-commission policy applied only to eligible fashion products priced below ₹1,000. With the latest decision, sellers can now list fashion products across all price segments without paying any commission, allowing them to retain a larger share of their earnings. Flipkart said the initiative is designed…

07 Jul

Samsung Post Record Q2 Profits to Meet “Tough Crowd” of Sellers

nanika EditorTechnology

Samsung has reported record-breaking preliminary earnings for the second quarter of 2026, though the blockbuster numbers were met with a wave of selling on the stock market. The tech giant posted a massive operating profit of 89.4 trillion won (approximately $58.5 billion) for the three months ending in June. This surpassed Wall Street expectations of 87 trillion won and represents a staggering leap from the 4.68 trillion won recorded in the same period last year. Revenue also more than doubled year-over-year, hitting 171 trillion won. Remarkably, Samsung’s earnings for the first half of 2026 have already eclipsed its total profits…

06 Jul

RBI Forex Measures Prompt Banks to Cut Certificate of Deposit Issuance

nanika EditorBanking

Indian banks have begun reducing their reliance on short-term debt instruments as the Reserve Bank of India’s recent measures to attract foreign-currency deposits provide a cheaper and more stable source of funding. According to data from The Clearing Corporation of India Ltd, lenders did not issue any certificates of deposit (CDs) maturing within one year in the three trading sessions ending July 2. This follows a broader slowdown in issuance, with banks raising ₹70,800 crore between June 16 and June 29, compared with about ₹1 trillion in the first half of the month. Market participants expect the trend to continue…

04 Jul

Adani Enterprises Boosts Share Sale Amid Global Investment Surge

nanika EditorBusiness

Gautam Adani has significantly expanded his group’s capital-raising efforts, upsizing a qualified institutional placement (QIP) as part of a broader $15-billion investment push across ports, mining, and flagship businesses. The latest moves signal renewed momentum for the conglomerate after it moved past its recent US regulatory and legal challenges. Adani Enterprises, the group’s flagship company, increased its share sale by 50 percent to ₹15,000 crore from the originally planned ₹10,000 crore. The offering drew strong investor interest, attracting bids worth approximately ₹38,000 crore—nearly 3.8 times the issue size. Major global investors, including The Capital Group, Goldman Sachs Group, Vanguard Group,…

03 Jul

Siliguri District Hospital Enhances Diagnostic Facilities with Portable Ultrasound

nanika EditorSiliguri

Siliguri District Hospital has strengthened its emergency and critical care services with the introduction of a portable ultrasonography (USG) machine, significantly improving diagnostic facilities for patients. The hospital, the second-largest government healthcare institution in Darjeeling district after North Bengal Medical College and Hospital, has also recently added a portable X-ray machine to enhance patient care. The portable USG machine became operational on Wednesday and has been placed near the labour room to provide immediate ultrasound examinations during obstetric emergencies. Hospital authorities said the new facility will enable doctors to assess the condition of both the mother and the unborn child…

02 Jul

Bengal Govt Flags Verification Drive as 26 Lakh Applicants Rejected Under Annapurna Yojana

nanika EditorWest Bengal

The state government on Wednesday rolled out the Annapurna Yojana, transferring benefits to over 1.10 crore eligible women across West Bengal during a programme held at Netaji Indoor Stadium. Chief Minister Suvendu Adhikari said the scheme marks a major welfare initiative aimed at providing monthly financial assistance to women aged between 25 and 60 years who meet the eligibility criteria. Under the scheme, beneficiaries will receive ₹3,000 per month, with funds directly credited to their bank accounts. According to official data, the government received around 1.60 crore applications, of which 26 lakh were rejected following preliminary verification. Out of the…

01 Jul

RBI Report Highlights Banking Strength While Warning of Emerging Cyber Risks

nanika EditorBanking

India's banking sector has achieved a significant milestone, with gross non-performing assets (NPAs) falling to a multi-decade low of 1.8 per cent as of March 31, 2026, according to the Reserve Bank of India's latest Financial Stability Report (FSR). The report states that the country's financial system remains resilient, supported by strong balance sheets across banks and non-banking financial institutions despite ongoing global economic uncertainties. The RBI noted that India's sound macroeconomic fundamentals have strengthened its ability to withstand external shocks better than many other economies. While global financial markets have remained largely stable despite geopolitical tensions, the central bank…

30 Jun

Godrej Properties Expands Chennai Presence with ₹500 Crore Residential Project

nanika EditorBusiness

Godrej Properties Limited (GPL) has acquired a 47-acre land parcel off the Old Mahabalipuram Road (OMR) in South Chennai to develop a plotted residential project with an estimated revenue potential of ₹500 crore. The company said the development is expected to offer approximately 1.2 million square feet of developable area, reflecting its continued focus on expanding in high-growth residential markets. Strategically located near OMR, the site offers strong connectivity to major employment hubs along the Siruseri–Kelambakkam corridor, including SIPCOT, as well as Vandalur, Guduvanchery and the broader Mahabalipuram region. The location is expected to benefit from improving infrastructure and rising…

29 Jun

Bajaj Auto Launches Major Share Buyback to Boost Shareholder Value

nanika EditorBusiness

Bajaj Auto Ltd will commence its ₹5,632.8-crore share buyback programme on July 1, 2026, with the offer remaining open until July 7, according to a regulatory filing. Under the buyback, the company will repurchase up to 46.94 lakh fully paid-up equity shares of face value ₹10 each at a price of ₹12,000 per share, with payments to be made in cash. The buyback proposal was approved by the company's Board of Directors on May 6, 2026, and later received shareholder approval through a special resolution passed via postal ballot. The results of the voting process were announced on June 18,…

27 Jun

Amazon’s $48 Billion India Strategy Targets AI, Jobs and Digital Growth

nanika EditorBusiness

Amazon has announced a major expansion of its India strategy, committing an additional $13 billion investment by 2030, taking its total planned investment in the country to $48 billion over the next five years. The announcement came after Amazon chief executive officer Andy Jassy met Prime Minister Narendra Modi on Thursday. The new investment will primarily focus on artificial intelligence and cloud infrastructure, with more than $21 billion allocated to strengthen Amazon Web Services (AWS) capabilities in India. The company said the expansion will significantly enhance data centre capacity in Mumbai and Hyderabad, enabling wider access to AI tools, cloud…