Business Correspondent - The Purbottar

08 Jul

Excellent opportunity for staggered investments

Business Correspondent0 CommentsBusiness

DSP Investment Managers says that current valuations offer an excellent opportunity for staggered investments and is positive on sectors like Banking & Financial Services, Autos & Ancillaries, Healthcare and some construction materials companies, while maintaining a cautious outlook on IT and metals segments. The recommendations are from DSP Investment Managers ‘The Navigator’, an asset allocation tool which would recommend investors every quarter a strategy to deploy their investible surplus and allocate funds among asset classes. According to it, auto is one of the few sectors with limited earnings downgrade risk and potential re-rating because the easing of steel prices bodes…

08 Jul

Shopsy marks successful one year of its launch in India

Business Correspondent0 CommentsBusiness

Flipkart’s social commerce platform Shopsy has marked one year since its launch in India. Introduced in July 2021, Shopsy made it easy for local entrepreneurs to come on board and redefine the spirit of entrepreneurship pan-India. Shopsy has over 2.5 lakh seller-base with 150 million products ranging across fashion, beauty, mobiles, home and much more. It ensures higher levels of reliability and reach in every small city and town. Boosted by strong growth in 2022, Shopsy has been growing at a steady pace and over the last six months, it has recorded a 2.7X increase in the units sold and…

06 Jul

Maruti Suzuki launches Hot and Techy Brezza

Business Correspondent0 CommentsBusiness

Maruti Suzuki launched an All New feature packed Hot and Techy avatar of the country’s most loved compact SUV - Brezza. The All New Hot and Techy Brezza is equipped with a bouquet of cutting-edge technologies along with next-gen comfort and convenience features. This city-bred SUV offers a stylish & exciting new design, powerful performance and is packed with advanced safety features. Packed with advanced technology-driven safety features, Brezza offers: 6 airbags (front, side and curtain), Electronic Stability Program (ESP) with Hill Hold Assist as standard across all variants, 20+ safety features like reverse parking sensors, high-speed alert system, ISOFIX…

06 Jul

Nissan India wholesales 8012 vehicles in June 2022

Business Correspondent0 CommentsBusiness

Nissan Motor India announces a domestic wholesale of 3515 vehicles in June 2022. Exports wholesale is 4497 June 2022. Nissan Motor India achieved a key milestone with the Big, Bold, Beautiful Nissan Magnite achieving a total of 50,000 deliveries in India in July 2022. The Nissan Magnite has had a phenomenal customer response maintaining a positive growth momentum on month on month on bookings, generating over 1 lakh bookings since launch. The ‘Make in India, Make for the World’ Magnite is being exported to 15 countries overseas. Nissan India offers a subscription plan that enables customers to own a vehicle…

05 Jul

Shiprocket-CII-Praxis report reveals D2C sales hit new high

Business Correspondent0 CommentsBusiness, Indiareveals D2C sales, Shiprocket-CII-Praxis

India’s largest eCommerce enablement platform Shiprocket has released a report on the D2C market in India in collaboration with CII (Confederation of Indian Industries) and Praxis Global Alliance, a global management consulting and advisory services firm. As per the report, Direct to Customer (D2C) is a $12 billion market and is witnessing remarkable and rapid growth. The report states that several D2C brands in India have crossed INR 100Cr revenue in 3-5 years after the launch. The latest report reveals that D2C brands are estimated to be $60 billion industry by FY27, registering a CAGR of about 40%. The numbers…

05 Jul

Jindal Stainless protects the domestic market from fraudulent stainless steel products

Business Correspondent0 CommentsBusiness, IndiaINDIA, Jindal Stainless

Jindal Stainless has lodged an FIR against the owner of Malda (West Bengal)-based Maheshwari Steel for infringement of the JSL and Jindal trademarks. The FIR has been registered under IPC Sections 420, 482, 486, 120B, Sections 63 and 64 of the Copy Right Act, and Sections 103 and 104 of the Trademark Act. The local police, acting on a complaint made by Jindal Stainless, raided the premises from where the accused was operating and found large quantities of goods with logo of fake JSL/Jindal trademarks.The investigating team has also seized around five dyes of Jindal logo attached to the machines.…

05 Jul

Renault Nissan India conserves water daily from the sewage decanter facility

Business Correspondent0 CommentsBusiness, IndiaINDIA, Renault Nissan

Renault Nissan Automotive India Private Limited (RNAIPL) plant in Oragadam, Chennai, is now conserving a daily 50,000 litres (50 kilolitres) of water from its sewage treatment plant by using a decanter facility recently installed on its premises. The facility, which separates water from sewage waste, is mitigating water wastage and reducing water demand for RNAIPL’s industrial operations. The 50 kilolitres conserved are in addition to water savings from RNAIPL’s many water sustainability initiatives implemented at the plant. These initiatives include minimization of water used per car, recycling, and reuse of plant wastewater, and increase in the use of innovative water…

05 Jul

Taco Bell Opens its first restaurant in Guwahati

Business Correspondent0 CommentsBusiness, Indiaguwahati, Taco Bell

Taco Bell, has launched its first restaurant in northeast India, in Guwahati, Assam on June 29th, 2022. The restaurant is located at the high Street Store on GS Road, Christan Basti, the brand’s all-new restaurant is a conveniently situated one-stop destination for Mexican-inspired favorites ranging from TacostoBurritos to epic specialties and combos. The residents of Guwahati will now be able to taste Taco Bell’s crave-able Tacos. The Taco Bell experience offers delectable tacos, burritos and other specialties with bold flavours, quality ingredients, breakthrough value, and best-in-class customer service. The extensive menu offers signature vegetarian and non-vegetarian dishes and combos such…

05 Jul

MSDE and MHI sign MoU to facilitate training in engineering trades

Business Correspondent0 CommentsBusinessMHI sign, MoU, MSDE

The Ministry of Skill Development and Entrepreneurship (MSDE) and the Ministry of Heavy Industries (MHI) signed a Memorandum of Understanding (MoU) to create a collaborative ecosystem for imparting skill development training in the capital goods sector. The partnership is aimed at facilitating training in several engineering trades through Qualification Packs developed by MHI related Sector Skill Councils (like Automotive, Infrastructure, Instrumentation and Capital Goods) under the Scheme for Enhancement of Competitiveness in the Capital Goods Sector Phase II. MSDE through National Skill Development Corporation will facilitate linkages between various Sector Skill Councils and industry partners for imparting skilling in engineering…

05 Jul

Uplifting Tribal Communities through Digital Entrepreneurship

Business Correspondent0 CommentsBusiness, IndiaEntrepreneurship, Uplifting Tribal

Arjun Munda, Minister of Tribal Affairs launched the second phase of the Going Online As Leaders (GOAL) program, which is a joint initiative of the Ministry of Tribal Affairs and Meta. GOAL 2.0 initiative aims to digitally upskill 10-lakh youth, primarily focusing on promoting entrepreneurship amongst women from tribal communities of the country and opening up opportunities for them using digital technology. Noteworthy, Meta has extended its their collaboration with the Ministry of Tribal Affairs to launch the 2nd phase of GOAL program. Arjun Munda, Union Cabinet Minister for Tribal Affairs, Anil Kumar Jha, Secretary, Ministry of Tribal Affairs, S…