Business Correspondent - The Purbottar

05 May

Flipkart introduces industry-first strategic policy changes

Business Correspondent0 CommentsBusinessFlipkart

India's homegrown e-commerce marketplace Flipkart has announced a slew of industry-first marketplace policy changes and new capabilities to build a more inclusive e-commerce ecosystem that contributes to the growth, prosperity and empowerment of seller partners. The Policy changes and tech capability details for existing and new sellers are – (1) Seamless 10-minute onboarding - An industry-first capability focused on simplifying the sellers' barriers to getting started on their e-commerce journey. (2) Ease of listing and cataloging - Flipkart has solved for easy product listing/cataloging by introducing an industry-first AI-led automated solution. (3) Best-in-class payment/return policies - Flipkart will now process…

05 May

Max Life Insurance unveils the IPQ 4.0 Survey

Business Correspondent0 CommentsBusiness, Healthinsurance, Max Life

Max Life Insurance Co. Ltd in association with Kantar recently unveiled the India Protection Quotient (IPQ) 4.0 survey. Tapping 5,729 respondents across 25 Indian cities [between 10 December 2021 to 14 January 2022], the survey was carried out during the recent wave of the Covid-19 pandemic. The findings which reveal insights that highlight East India’s shift across financial priorities and anxieties studied by IPQ 4.0 are – (1) Abysmal term insurance adoption - East India registered an abysmal rate of term insurance ownership at 40%. (2) Region worries over mental wellbeing and children’s education - 67% of respondents worried about…

05 May

EuroKids launches a mindful curriculum for preschoolers

Business Correspondent0 CommentsBusiness, EducationEuroKids, K.V.S Seshasai, Nepal

EuroKids Pre-School, Asia’s leading Pre-School network, has launched EUNOIA – a mindful curriculum, which aims to provide children with the right balance of learning and fun to ensure their overall development. EuroKids’ EUNOIA helps to enhance a child’s mind, body and soul and transform them into evolved and balanced human beings. The curriculum is designed to offer a Mindful Learning methodology to help enhance the Cognitive, Affective, and Psychomotor domain and performance-based skills in children. This curriculum through its Blended Learning, would give children multiple opportunities to interact with the other children and teachers to apply the acquired knowledge.K.V.S Seshasai,…

04 May

India’s Economy witnesses Massive Boost

Business Correspondent0 CommentsBusiness, IndiaForeign Secretary, Harsh Vardhan Shringla

Foreign Secretary Harsh Vardhan Shringla stated that India is one of the world's fastest-growing economies. He praised India's economic policy and stated that the country's upcoming presidency of the G20 group is both an acknowledgement of our enhanced global standing and an opportunity to project our perspectives and highlight our priorities. Lauding PM Narendra Modi's initiative of "Aatmanirbhar Bharat", Shringla stated that it had transformed India's economic diplomacy. India will become a more prominent hub for resilient and dependable supply chains and global value chains and it’s democracy dividends in foreign policy and strategic affairs are growing. Shringla also stated…

04 May

Panasonic inaugurates new manufacturing unit in Andhra Pradesh

Business Correspondent0 CommentsBusiness, IndiaAndhra Pradesh, Panasonic

A wholly owned subsidiary of Panasonic Corporation Panasonic Life Solutions India announced the opening of its new manufacturing facility in Sri City, Andhra Pradesh. The facility aims to develop market synergies by providing swift material deliveries and customer delight. The factory also aims to produce more than 200 mil pieces of switches per year in the next 5 years. The ‘highly automated’ unit is spread over 133,584 sq.mt and currently covers a floor area of 37,025 sq.mt. This will be the company’s first electrical equipment manufacturing base in Southern India and seventh in India followed by facilities in the North…

04 May

Flipkart launches its largest fulfillment center in Haringhata

Business Correspondent0 CommentsBusiness, IndiaFlipkart, Haringhata, Mamata Banerjee

Flipkart, India’s homegrown e-commerce marketplace, announced the inauguration of India’s largest fulfillment center (FC) in Haringhata, West Bengal. The tech-enabled facility that will create more than 11,000 job opportunities and will support around 20,000 sellers from the state and North-East region, was inaugurated (virtually) during the Bengal Global Business Summit (BGBS) 2022 by the Chief Minister, Mamata Banerjee in presence of Principal Chief Advisor to Chief Minister Amit Mitra, Industries Minister Partha Chatterjee, Minister of Transport and Housing Firhad Hakim, and Chief Secretary H.K. Dwivedi. Located 50 km from Kolkata, the facility has an integrated supply chain management spread across…

04 May

‘Happiness Truck’ powered by Valvoline

Business Correspondent0 CommentsBusiness‘Happiness Truck’, Valvoline

The ‘Happiness Truck’ powered by the Original Engine Oil maker and a leading global lubricant manufacturer Valvoline Cummins Private Limited reached Kolkata. The truck has covered 5 destinations across Uttar Pradesh and Jharkhand after being flagged off from Sanjay Gandhi Transport Nagar, New Delhi. It reached Kidhirpur in Kolkata and the occasion was marked by celebrating with performances followed by informative sessions on automotive technology and engaging contests. The objective is to reach out and connect with mechanics, Fleet owners, and other service providers and involve them by empowering and educating them on the latest technologies. It will continue its…

04 May

Northeast India’s first Best Sound Centre

Business Correspondent0 CommentsBusiness, IndiaBestSound Center, Northeast India

Signia, a leader in the hearing aid industry, announced the launch of Best Sound Centre, the first store of its kind in Aizawl, where consumers can experience hearing live with hearing aids. The BestSound Centre is set to showcase the finest from Sivantos’ premium hearing care brand, Signia. BestSound Center is one of the largest networks of hearing care professionals with over 290 centers spread across the country and aims at providing quality services to people. Mr Mohan Swamy, Director, Sivantos India said, “Sivantos India, along with Nawka Speech & hearing, is excited to announce the launch of Northeast India’s…

04 May

Strong financial results for FY2022

Business Correspondent0 CommentsBusiness, IndiaFY2022, ICICI

ICICI Prudential Life Insurance has delivered another strong financial performance leading to a 33% year-on-year growth in the Value of New Business (VNB) for FY2022. The VNB margin expanded to 28% and absolute VNB stood at Rs 21.63 billion. This was led by a robust growth of 25% in new business sum assured and 20% in Annualised Premium Equivalent for the same period. During FY2022, Annuity and protection new business premiums grew by 29% and 35% year-on-year respectively. New Business Sum Assured of the Company grew to Rs 7,731.46 billion for FY2022 making ICICI Prudential Life Insurance the leader in…

03 May

Amazon.in announces ‘Summer Sale’

Business Correspondent0 CommentsBusiness, India‘Summer Sale’, Amazon.in

Amazon.in is excited to announce its ‘Summer Sale’ kickstarting from May 04, 2022. Amazon is introducing ‘Countdown Deals’ for the first time that will be open for all customers and the selected offers will give them early access to a wide array of products across categories until May 3. Customers can explore and shop for a wide selection offered by small and medium businesses, Indian direct-to-consumer start-ups, neighborhood stores & women entrepreneurs across India. They can also explore sustainable, handcrafted products from artisans and weavers of different states across from popular crafts. The offers including 16 new launches from Top…