nanika Editor - The Purbottar

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…

25 Jun

RBI to Remain Data-Driven, Keeps Door Open on Rate Stability

nanika EditorBanking

The Reserve Bank of India (RBI) is not in a hurry to raise interest rates amid ongoing uncertainty over the inflation outlook, Governor Sanjay Malhotra has said, indicating a cautious and data-driven approach to monetary policy. Speaking to a television news channel, Malhotra said it was “premature” to discuss any immediate tightening of policy and stressed that the Monetary Policy Committee (MPC) would have shifted its stance if rate hikes were imminent. He added that the central bank’s decision to retain a neutral stance reflected elevated economic uncertainty. His comments come at a time when global crude oil prices have…

24 Jun

Flipkart Targets Smaller Cities as Amazon Expands Rapid Delivery Network

nanika EditorBusiness

Walmart-owned Flipkart and Amazon are accelerating their expansion in India’s rapidly growing quick commerce sector as competition intensifies in the market for ultra-fast deliveries. The two global e-commerce giants are focusing on expanding their presence beyond major metropolitan areas and into smaller cities, where demand for rapid delivery services continues to rise. Quick commerce, which promises delivery of products ranging from groceries and household essentials to electronics within 10 to 30 minutes, has transformed consumer shopping habits across India. While domestic players such as Blinkit and Swiggy Instamart currently dominate the segment, Flipkart and Amazon are investing heavily to strengthen…

23 Jun

Telegram Back Online for Indian Users After Temporary Suspension

nanika EditorLatest

Instant messaging platform Telegram has begun functioning again for some users in India after the expiration of a temporary government-imposed ban. The app was restored on the Google Play Store on Tuesday morning, allowing users to download and access the service once more. According to sources, the temporary restriction ended at midnight on June 22, and there has been no indication of any extension or modification to the original order. While Telegram became accessible to some existing users even before its return to the Play Store, the application remained unavailable on Apple’s App Store for several hours after services resumed.…

22 Jun

Nayara Energy Boosts Rural Fuel Access as Network Surpasses 7,000 Outlets

nanika EditorBusiness

Nayara Energy, backed by Russia’s Rosneft, has expanded its retail presence in India by crossing the milestone of 7,000 petrol pumps, strengthening its position as one of the country’s largest private fuel retailers. The company stated that it has added over 500 fuel outlets in the last 18 months, averaging nearly one new petrol pump per day, as part of its continued nationwide expansion strategy. The company’s growing network now spans major metropolitan cities, high-growth corridors, tier-2 towns, highways and rural regions, significantly improving fuel accessibility across diverse markets. Notably, nearly one-third of its outlets are located in rural and…

20 Jun

Myntra outpaces rivals as Flipkart retains top position in online retail

nanika EditorBusiness

Flipkart has strengthened its leadership position in India’s e-commerce market, while its fashion platform Myntra continues to widen its lead in the online fashion segment, according to a Bank of America Securities report. The findings indicate resilient consumer demand in India’s internet economy despite intense competition and ongoing sector disruption. The report, citing Sensor Tower daily active user data and industry checks, states that Flipkart remains the most engaged e-commerce platform in India as of June 2026. Meanwhile, Myntra has further consolidated its dominance in fashion retail, outperforming rivals in both engagement and category depth, particularly in premium fashion and…