Blog - The Purbottar

14 Jun

Tata Steel BSL Ltd reduces debt by 60 per cent

editor0 CommentsBusinessBSL Ltd, Tata Steel

Tata Steel has been able to significantly make good on its big-ticket purchase of Bhushan Steel Limited (BSL) three years ago that potentially makes it the most successful acquisition by the company. Tata Steel Ltd had stumped up Rs 35,200 crore for the Odisha-based plant which can produce 5.6 million tonnes. While the parent invested Rs 19,700 crore from its own balance sheet, it also put in place a 12-year long-term take-out financing of Rs 15,500 crore for Tata Steel BSL. A back of the hand calculation suggests the company has been able to reduce leverage by Rs 9,300 crore,…

14 Jun

Ram Mandir land bought at below open market price, allegations of fraud politically motivated: Trust secretary

editor0 CommentsNorth Eastuttarpradesh

Secretary of Shri Ram Janmabhoomi Teerth Kshetra, Champat Rai on Sunday called allegations of fraud in buying land for the Ram Mandir as misleading and politically motivated, adding that all temple land bought so far was at below open market price. "Allegations (of fraud) are misleading and motivated by political hatred. All lands that Shri Ram Janmabhoomi Teerth Kshetra has purchased so far have been bought at a price much less than the open market price," a statement issued by the Trust said. Rai said that after the Supreme Court`s decision on Shri Ram Janmabhoomi in November 2019, people from…

14 Jun

Breaking: West Bengal extends COVID-19 lockdown till July 1

editor0 CommentsNorth EastLockdown, west bengal

The Bengal government on Monday extended the ongoing Covid-induced lockdown till July 1, keeping in place exisiting restrictions on public transport, but eased certain curbs on offices and business establishments from June 16. “We have allowed extension of business hours with the condition that the staff be vaccinated. We don’t want business to suffer,” said chief minister Mamata Banerjee. Government and private offices have been allowed to work with 25 per cent staff from June 16 with hours fixed between 10am and 4pm for the latter. Also, private offices will have to ensure transportation of employees who need to attend…

14 Jun

Chidambaram: “PM Modi’s speech at the G7 Outreach meeting is inspiring as well as ironic”

editor0 CommentsNorth EastChidambaram, G7 Outreach meeting, PM Modi

The government should practise in India what it preaches to the world, Congress leader P Chidambaram said, a day after Prime Minister Narendra Modi stressed on democracy and freedom of thought at a G7 meet. "PM Modi's speech at the G7 Outreach meeting is inspiring as well as ironic. The Modi government should practise in India what it preaches to the world," Chidambaram tweeted in response. He added that it was "sad" the prime minister was the only guest not physically present at the outreach meeting. Prime Minister Modi on Sunday said India is a naturalally for the G7 and…

14 Jun

Bengal govt gearing up to combat third COVID-19 wave

editor0 CommentsNorth EastCovid-19, THIRD COVID 19 WAVE, west bengal

Taking a lesson from the second Covid wave, the West Bengal government is accelerating the process of infrastructure development to tackle the the third wave and control it more effectively. As it has been found that children and consequently the women are more prone to the next Sars-CoV-2 attack, the state health department has taken special measures to protect the vulnerable section from the deadly bite of the third phase. “In other countries like Canada, we have seen that in the third wave children up to the age group of 12 years are more vulnerable to the disease and the…

14 Jun

76-year-old man, believed to be head of the world’s largest family, dies in Mizoram

editor0 CommentsHealth, MizoramINDIA, international, mizoram

The head of the world's largest family has died in the Mizoram state. 76 year old Ziona Chana, the head of a religious sect that practiced polygamy, died on Sunday, leaving behind 38 wives, 89 children and 36 grandchildren. Chana reportedly suffered from diabetes and hypertension. Doctors said that Chana was rushed to hospital on Sunday evening when his condition deteriorated at home in his village, Baktawng Tlangnuam. He was however, declared dead on arrival. It's hard to say if Chana was indeed the head of the world's largest family since there are others who claim the title. It's also…

14 Jun

Jeff Bezos, his brother Mark, along with two other crew members to head for Space

editor0 CommentsBusinessauction, INDIA, jeff bezos, space

A mystery person has paid $28m in an auction held on Saturday, for a seat on Jeff Bezos's first crewed spaceflight by Jeff's own company, Blue Origin. The company said that the winner's identity would be revealed in the coming weeks. The other two crew members of the 20 July flight are Mr Bezos' brother Mark and an unnamed space tourist. The bidding process attracted interest from more than 140 countries. After a nearly month, the top bid had stood at just under $5m, but once Saturday's online auction got under way that figure rose more than five times. "The…

14 Jun

Indian classical music app wins Apple’s best design award

editor0 CommentsNorth EastApple, Apple best design awar, best classical music aap, design

Apple has announced the Apple Design award winner list for 2021 which included six new award categories. It comes as a proud moment as the list includes Indian developer Sandeep Ranade who developed the NaadSadhana app, which is a classical musical app. In conversation with Sandeep Ranade, a Pune-based musician and developer said, “I feel like I just won an Oscar award! It’s a very surreal feeling — I never expected this award in a million years, and for innovation, no less”. This is the second Indian app till now to win the Apple Design award and the first one…

14 Jun

PM Modi expresses gratitude for Netanyahu, congratulates Bennett

editor0 CommentsNorth EastINDIA, Prime Minister Narendra Modi

Prime Minister Narendra Modi on Monday expressed his gratitude for the outgoing Israeli Prime Minister Benjamin Netanyahu’s leadership and contribution to India-Israel strategic partnership. Hours after a vote that ousted Netanyahu and brought his successor Naftali Bennett to power in Israel, Prime Minister Modi tweeted, “As you complete your successful tenure as the Prime Minister of the State of Israel, I convey my profound gratitude for your leadership and personal attention to India-Israel strategic partnership @netanyahu.” In another tweet, PM Modi congratulated Bennett saying, “Excellency @naftalibennett, congratulations on becoming the Prime Minister of Israel. As we celebrate 30 years of…

14 Jun

The Aam Aadmi Party to contest in the 2022 Gujarat elections

editor0 CommentsNorth EastAAP, arvind kejriwal, Delhi, Gujarat, INDIA, POLITICS

Aam Aadmi Party will contest on all 182 seats in the Gujarat Assembly Elections next year, said the Party's Chief Arvind Kejriwal on Monday. He said BJP and Congress both are hands in gloves and therefore the people of Gujarat are seeking an option. Kejriwal also inducted former Gujarati news channel anchor Isudan Gadhvi to AAP. Kejriwal also informed his party would not bring Delhi model to Gujarat, as each state can have its own model. The model of Gujarat will be decided by the people of Gujarat, he added. During his visit to Gujarat, Kejriwal inaugurated the State party…