Blog - The Purbottar

27 Mar

HAL shares jump 3% as GE Aerospace delivers first engine for Tejas Mk 1A

editorBusiness, News

Hindustan Aeronautics (HAL) shares jumped over 3 percent on March 26 after GE Aerospace announced that it has delivered the first of 99 F404-IN20 engines for the Tejas Light Combat Aircraft Mk 1A fighter jet. HAL shares were trading at Rs 4,152 per share at noon. Speaking about the latest development, GE Aerospace said, "This is an important milestone in our 40-year relationship with HAL and our efforts to ensure a strong future for India's military by developing next-generation fighter aircraft while enhancing the country's defence manufacturing capabilities.GE Aerospace has a strong history of military jet propulsion collaborations in India."…

26 Mar

Johnson’s Baby eyes market growth with new campaign featuring Anil & Sonam Kapoor

Business BureauBusiness

Johnson’s Baby has launched a new digital campaign featuring Bollywood’s Anil and Sonam Kapoor, emphasizing the science behind baby eye care. The campaign highlights that babies blink less frequently than adults, making their eyes more vulnerable to irritants. https://www.youtube.com/watch?v=sCFKEyF57L4 Conceptualized by DDB Mudra, the ad film showcases a playful staring contest between Anil Kapoor and a baby, creatively demonstrating the importance of using gentle, tear-free products. Johnson’s Baby, a market leader in baby skincare, pioneered its No More Tears® formula to ensure irritation-free cleansing. The company will drive engagement through influencer partnerships and retail activations. Manoj Gadgil, VP Marketing at…

26 Mar

SDF demands probe into ₹1,900 crore fund discrepancy in Sikkim

Sonakshi SarkarSikkim

The Sikkim Democratic Front (SDF) has launched a scathing attack on the ruling Sikkim Krantikari Morcha (SKM) government, accusing it of financial mismanagement, arbitrary governance, and increased taxation. At a press conference, SDF spokesperson M.N. Dahal highlighted a ₹1,900 crore discrepancy in the Consolidated Fund of Sikkim, citing the Comptroller and Auditor General (CAG) report. He questioned the lack of action from the Governor and judiciary, demanding a transparent investigation. SDF leader Yojana Rai criticized SKM’s budget allocation, alleging a drastic reduction in rural development funds, impacting village infrastructure and essential services. She accused the government of prioritizing publicity over…

26 Mar

Sikkim Assembly passes second supplementary demands for grant of Rs 200.1 cr

Sonakshi SarkarSikkim

The Sikkim Assembly on Tuesday unanimously passed the second supplementary demands for the grant of Rs 200.1 crore. Chief Minister Prem Singh Tamang, who also holds the finance portfolio, presented the second supplementary demands and the Appropriation Bill for the same on the first day of the budget session. Tamang, who also heads the Home Department, informed the House regarding the withdrawal of the Code of Criminal Procedure (Amendment) Bill 2022.

26 Mar

No budget, no problem: Assam Zilla Parishads disburse funds without approval

Sonakshi SarkarAssam

A report by the Comptroller and Auditor General (CAG) has revealed serious financial irregularities in Assam’s Zilla Parishads (ZPs), highlighting that funds were released and utilized without mandatory budget approvals from 2018 to 2023. The report, which was tabled in the Assam Assembly, stated that during this period, none of the ZPs had their annual budgets approved, despite receiving and spending government funds. The findings point to significant lapses in financial discipline and governance in the state’s Panchayati Raj Institutions (PRIs).According to the report, only 7 to 50 percent of ZPs submitted their budgets to the Commissionerate of Panchayat and…

26 Mar

France Bans Disposable E-Cigarettes to Reduce Youth Vaping

Sonakshi SarkarInternational

France has announced a ban on disposable e-cigarettes, commonly known as “puffs,” in a bid to curb youth vaping. Health officials raised concerns over the growing number of teenagers using these devices, which are often flavored and marketed in colorful packaging. The ban will take effect later this year, with strict fines for retailers found violating the regulation. Authorities are also planning educational campaigns to raise awareness about the health risks of vaping. While public health advocates have welcomed the move, the vaping industry argues that e-cigarettes offer a safer alternative to traditional smoking. Other European countries are considering similar…

26 Mar

In Sonitpur District, African Swine Fever was discovered

Banasree SarkarAssamAfrican Swine Fever

The district government of Sonitpur District has issued a prohibitory order to stop the disease from spreading among the swine population in response to the discovery of African Swine Fever (ASF). The goal of the order, which was issued in accordance with Section 163 of the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, is to contain the virus and protect the livestock sector and public health. Based on the Prevention & Control of Infectious and Contagious Diseases in Animals Act, 2009, the directive was issued in response to a request from the Sonitpur District Animal Husbandry & Veterinary Officer. The farm…

26 Mar

Regulators Investigate Fair Competition in Emerging AI Market

Sonakshi SarkarInternational

US regulators have launched an antitrust investigation into leading tech companies over concerns of monopolistic practices in the artificial intelligence sector. Companies like Google, Microsoft, and Amazon are under scrutiny for acquiring AI startups and limiting competition. The Federal Trade Commission (FTC) and the Department of Justice are leading the inquiry, assessing whether these corporations have unfairly dominated the market. The probe comes as AI technology increasingly shapes industries from healthcare to finance. Critics argue that tech giants’ control over advanced AI models could stifle innovation and raise ethical concerns. Meanwhile, the companies claim their investments drive technological advancements and…

26 Mar

IndusInd Bank share price downgrade over 5%, fined ₹30 crore for ‘various GST issues’

editorBusiness, News

IndusInd Bank share price dropped over 5% on Tuesday after the private lender said GST authorities in Thane district have imposed a penalty of over ₹30.15 crore on it for various issues. Shares of IndusInd Bank fell 5.32% to ₹633.55 on the BSE.IndusInd Bank, which is already facing scrutiny over derivative account anomalies, also said it may file an appeal against the GST order.In a regulatory filing on March 24, IndusInd Bank said, "…we inform that a penalty of Rs 30,15,18,000/- has been imposed on the bank by the Joint Commissioner of CGST and Central Excise, Thane Commissionerate for various…

25 Mar

Silver prices jump: Rs 598 upsurge to Rs 98,091 per kg

editorBusiness, News

New Delhi, March 25 Silver prices rose by Rs 598 to Rs 98,091 per kg on Tuesday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 598, or 0.61 per cent, to Rs 98,091 per kg in a business turnover of 18,621 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.56 per cent higher at $33.20 per ounce in New York.