Business - The Purbottar

07 Dec

SBI has projected GDP increase at 6.3%, lower than RBI’s 6.6% estimate for FY25

editorBusiness, News

The State Bank of India (SBI) has projected that India's gross domestic product (GDP) will grow at 6.3% during the current financial year (FY25), lower than the Reserve Bank of India's (RBI) forecast of 6.6%, which was revised upward from 7.2% earlier. "We believe GDP growth for FY25 will be lower than the RBI forecast and are pegging it at 6.3%," SBI said. On Friday, RBI governor Shaktikanta Das announced the central bank's revised estimate for GDP growth. This came after the country's economy grew at 5.4% in the July-September quarter of FY25, the lowest growth in seven quarters. This…

07 Dec

QNET India launches SHARP-QNET Zensational Air Purifier to combat winter smog

Business BureauBusiness

As northern India battles a surge in air pollution with Air Quality Index (AQI) levels crossing the hazardous mark of 300, QNET India has introduced the SHARP-QNET Zensational Air Purifier to address the escalating health crisis. With post-Diwali smog, vehicle emissions, and crop stubble burning contributing to toxic air, the urgency for indoor air quality solutions has never been greater. The SHARP-QNET Zensational Air Purifier employs advanced Plasmacluster Ion Technology, neutralizing 29 types of airborne microbes, including H1N1 viruses and E. coli bacteria. Equipped with a triple-filtration system—pre-filter, activated carbon filter, and true HEPA filter—it removes 99.97% of pollutants, allergens,…

07 Dec

Kolkata tops NO₂ pollutioncharts; Ballygunge faces worstimpact: Greenpeace report

Business BureauBusiness

Kolkata's air quality crisis has been spotlighted in Greenpeace India's latest report, "Beyond North India: NO₂ Pollution and Health Risks in Seven Major Indian Cities". The report reveals alarming nitrogen dioxide (NO₂) levels in the city, with Ballygunge recording the highest annual average in 2023, exceeding WHO guidelines for 133 days. Nitrogen dioxide, primarily emitted by vehicular traffic and fossil fuel combustion, poses severe health risks, including asthma, respiratory irritation, and increased vulnerability to lung diseases. The report warns that prolonged NO₂ exposure endangers Kolkata's children, who constitute 13% of the population, with a 2015 study linking the pollutant to…

07 Dec

bauma CONEXPO INDIA 2024: Shaping the future of India’s infrastructure

Business BureauBusiness

The upcoming bauma CONEXPO INDIA 2024, set to take place from December 11-14 at the India Expo Centre, Greater Noida, promises to be a transformative event for India’s infrastructure landscape. With over 1,000 global exhibitors and more than 75,000 trade visitors, this prestigious trade fair is poised to showcase cutting-edge technology and foster global collaboration. It will feature a sprawling 135,000 sq meters of exhibition space, focusing on over 20,000 innovative solutions to address India’s unique infrastructure needs. The fair also highlights the collocated Demtech India 2024 and NASSCOM Pavilion, offering specialized insights into demolition and digital transformation technologies. In…

07 Dec

Shopsy announces Wow Winter Sale: Affordable winter essentials for every household

Business BureauBusiness

Shopsy, India’s leading hypervalue e-commerce platform, has introduced its exclusive Wow Winter Sale, providing a one-stop destination for winter essentials tailored for Bharat’s diverse regions. From stylish hoodies to cozy comforters, the sale offers top-quality products starting at just Rs. 99. With winter gripping northern, western, and eastern India, Shopsy's curated range includes hoodies, jackets, scarves, kids' winterwear, and more, blending comfort with affordability. The platform’s extensive delivery network spans over 19,000 pin codes, ensuring even the remotest customers can access winter must-haves seamlessly. Guwahati shoppers, for instance, can embrace the seasonal chill with Shopsy’s offerings that combine warmth and…

07 Dec

Nissan hits 5 lakh domestic sales milestone, registers strong growth in November 2024

Business BureauBusiness

Nissan Motor India has crossed a significant milestone, achieving a cumulative 5 lakh domestic sales since its operations began. With 5,13,241 units sold to date, the company also reported impressive performance in November 2024, registering total wholesale dispatches of 9,040 units. This includes 2,342 units in domestic sales and 6,698 units for export. November’s growth marks a 62% increase in total consolidated sales from October 2024, driven by a substantial surge in export shipments. The export business showed remarkable year-on-year growth of 222%, compared to 2,081 units in November 2023, and a month-on-month increase of 173.5% from 2,449 units in…

07 Dec

Godrej DEI Lab and Khaitan& Co announces handbook on disability rights to promote workplace inclusion

Business BureauBusiness

Godrej DEI Lab and Khaitan& Co joined forces to mark International Day of Persons with Disabilities by unveiling the second edition of Khaitan& Co’s Handbook on Rights of Persons with Disabilities at the Disability Inclusion Summit in Mumbai. The handbook aims to guide organizations toward a purpose-driven approach to workplace inclusion for persons with disabilities (PwDs). “This milestone reinforces our dedication to creating equitable corporate environments,” said Parmesh Shahani, Head of Godrej DEI Lab. The handbook, he added, offers insights to help organizations evolve beyond compliance toward meaningful inclusion. The handbook provides legal guidance on critical legislations such as the…

07 Dec

NCVET recognizes IN-SPACe as dual awarding body, boosts space sector skilling

Business BureauBusiness

In a major milestone for India’s space sector, the National Council for Vocational Education and Training (NCVET) has granted dual awarding body recognition to the Indian National Space Promotion and Authorization Center (IN-SPACe). This recognition aims to enhance vocational training and skill development in space-related technologies, aligning with global standards and the Skill India Mission. The agreement was signed in the presence of Shri Atul Kumar Tiwari, Secretary, Ministry of Skill Development & Entrepreneurship (MSDE), and Chairperson, NCVET. The collaboration allows IN-SPACe to offer advanced training in key areas like satellite manufacturing, space technology in agriculture, and propulsion systems for…

06 Dec

IGL shares increase over 3% on bonus issue plan

editorBusiness, News

IGL share price jumped nearly 4 per cent in mid-day trade on December 5 after the city gas distributor announced that the board will consider a proposal to issue bonus shares on December 10. "It is notified that the Board of Directors is scheduled to meet on December 10, 2024 to consider a proposal to issue bonus shares in the prescribed proportion to the equity shareholders of the company, subject to the approval of the shareholders," a statement issued by the company on December 4 said. The company has not announced the bonus ratio and is likely to announce it…

06 Dec

DSP Mutual Fund launches Business Cycle Fund for dynamic investing

Business BureauBusiness

DSP Mutual Fund has unveiled the DSP Business Cycle Fund, a new open-ended equity fund aimed at providing investors with a unique opportunity to capitalize on business cycles. The fund allows for dynamic allocation to sectors and industries that show strong growth potential, improving fundamentals, and attractive valuations. Designed to cater to various market capitalizations, including large, mid, and small cap companies, the fund will follow a framework-driven approach, focusing on industries at different stages of the business cycle. The strategy allows for active allocation to sectors during upcycles while managing risks through cash calls, portfolio hedging, and leveraging forensic…