Blog - The Purbottar

17 Mar

Singapore’s February exports rise 7.6% on year, below forecast

editorBusiness, News

SINGAPORE - Singapore's non-oil domestic exports rose 7.6% in February from the same month last year, government data showed on Monday, boosted by growth in sales of both electronics and non-electronics. The increase was against a Reuters poll forecast of an 8.7% rise and followed a 2.1% decline in January.The statement from Enterprise Singapore did not include details of the month-on-month seasonally adjusted change in exports. Shipments to the United States, Taiwan, South Korea, Malaysia and the European Union rose on a yearly basis in February, while exports to China, Hong Kong and Indonesia declined.

14 Mar

Assam to build 3.80 lakh homes, CM launches geo-tagging

Sonakshi SarkarAssam

Assam Chief Minister Himanta Biswa Sarma has announced the allocation of 3.80 lakh new houses for the state under the Pradhan Mantri Awas Yojana (PMAY). The first installment for the construction of these houses will be released on March 19 during a central event in Palashbari. The PMAY scheme has already benefited 22 lakh families across Assam. However, acknowledging that many eligible households are yet to be included, the state government has requested the Centre to conduct another round of geo-tagging to ensure no deserving family is left out. To improve accuracy and efficiency in data collection, the Assam government…

14 Mar

Glenmark Pharma expands cardiometabolic portfolio with launch of Glempa range in India

Business BureauBusiness

Glenmark Pharmaceuticals Ltd., a research-driven global pharmaceutical company, has expanded its cardiometabolic portfolio in India with the launch of Empagliflozin and its fixed-dose combinations (FDCs) under the brand names Glempa, Glempa-L, and Glempa-M. The move aims to provide effective treatment solutions for type 2 diabetes mellitus (T2DM) while addressing cardiovascular risks. Empagliflozin, a widely recognized SGLT2 inhibitor, has been shown to improve glycemic control, support weight loss, and reduce cardiovascular-renal risks in T2DM patients. Clinical studies highlight its benefits, including a 14% reduction in major cardiovascular events as per the EMPA-REG trial. The new Glempa range offers multiple treatment options:…

14 Mar

Dhubri woman finds success in mushroom farming

Banasree SarkarAssamDhubri

Originating from the isolated village of Jinkata Part-I in Dhubri, which is located on the border between Assam and West Bengal, Tapasi Mandal has gained notoriety. She has been growing mushrooms for the last two years, making a reliable living and becoming financially independent. With a Rs. 2 lakh loan under the Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) project, Tapasi Mandal started growing mushrooms in 2024 and is now able to produce 20–25 kg of mushrooms on a daily basis. Mandal praised Prime Minister Narendra Modi's efforts to support entrepreneurship and conveyed her appreciation for the government's…

13 Mar

Glenmark Nutrition Awards 2025 honours innovations in malnutrition fight

Business BureauBusiness

The Glenmark Foundation, in collaboration with IDOBRO, UN Global Compact Network India, and IMPAct4Nutrition, successfully concluded the 5th edition of the Glenmark Nutrition Awards 2025. The event recognized groundbreaking initiatives addressing malnutrition across India, with 403 entries from 22 states covering 168 districts. MA distinguished jury, chaired by Dr. RajuJotkar, Senior Consultant at the Mother-Child Health & Nutrition Mission, evaluated the entries. The winners included Baikunthapur Tarun Sangha from Sundarbans, West Bengal (Rural NGO category), SNEH Foundation from Pune, Maharashtra (Urban NGO category), and Mahavir International Foundation Trust from Jaipur, Rajasthan (Other category). Each organization received a grant of ₹2,00,000…

13 Mar

UK’s Care Reit Accepts £448 Million Acquisition Offer from CareTrust

Sonakshi SarkarInternational

Care Reit, formerly known as Impact Healthcare, has agreed to a £448 million takeover deal with American care home provider CareTrust. The offer represents a 32.8% premium on Care Reit's share price, leading to a significant surge in its stock value upon the announcement. CareTrust, listed on the New York Stock Exchange, specializes in properties for elderly care and other healthcare facilities. Analysts note that UK-listed real estate investment trusts (REITs) like Care Reit have been undervalued due to investor sentiment and broader economic conditions, making them attractive targets for acquisition. This deal is part of a broader trend of…

13 Mar

Seasalt Announces Job Cuts Amidst High Street Struggles

Sonakshi SarkarUK

Seasalt, a prominent UK fashion brand with over 60 outlets, has announced potential job cuts as part of a strategic move to safeguard its future amidst the challenges facing the UK high street. The Cornwall-based company cited factors such as a changing retail environment, increased tax burdens, declining consumer sentiment, and rising inflation as reasons for the decision. The proposed job reductions aim to optimize efficiency and manage costs, ensuring the company's continued growth and sustainability. Seasalt has committed to supporting affected employees throughout the consultation process. This development reflects broader trends in the retail sector, where financial pressures have…

13 Mar

UK Considers Retaliatory Tariffs in Response to US Metal Levies

Sonakshi SarkarInternational

The United Kingdom is contemplating imposing retaliatory tariffs on the United States following President Trump's recent decision to enforce a 25% levy on steel and aluminum imports. Exchequer Secretary James Murray emphasized a measured approach, stating that while the UK government is disappointed by the US's move, all options, including retaliation, remain under consideration. The European Union has already announced €26 billion in counter-tariffs on US goods, signaling an escalation in global trade tensions. Despite these developments, the UK aims to engage in constructive negotiations with the US to eliminate these additional tariffs, striving for a pragmatic resolution that aligns…

13 Mar

Hostage Situation in Pakistan Train Hijacking Intensifies Amidst Suicide Bomber Threats

Sonakshi SarkarInternational

A train hijacking in Pakistan has escalated as rescue operations face complications due to the presence of suicide bombers among the hijackers. The incident, attributed to separatist militants, has resulted in numerous passengers being held hostage, with security forces working meticulously to defuse the volatile situation. The threat of suicide bombers has necessitated cautious and strategic responses from law enforcement to ensure the safety of the hostages. This event highlights the ongoing security challenges in the region and the complexities involved in counterterrorism efforts.

13 Mar

Ajanta Neog sets ambitious budget utilization goal for Assam in 2025-26

Sonakshi SarkarAssam

Assam Finance Minister Ajanta Neog has set an ambitious target of utilizing 90% of the state's budget estimates for the financial year 2025-26, emphasizing the government's commitment to balanced fiscal management and holistic development. During a discussion in the Assam Assembly on Wednesday, Neog assured that the state is adhering to all Reserve Bank of India (RBI) regulations, including the prescribed debt-to-GDP ratio, to maintain financial stability. "We are targeting 90% budget utilization in the next fiscal year. Our aim is to ensure that every section of society benefits from this allocation," she said. According to the budget presented on…