Business - The Purbottar

25 Jun

Registration Open for Season 2 of the CEAT Indian Supercross Racing League

Business BureauBusiness

The CEAT Indian Supercross Racing League (ISRL), the world's first franchise-based Supercross league, has opened rider registration for Season 2. Following a phenomenal inaugural season that captivated audiences with heart-stopping races and exceptional talent, the ISRL is ready to push the boundaries once again. Season 1 of motorsports sparked significant interest among enthusiasts, attracting over 104 registrations from various countries, including defending champions. Some of the leading names that battled for the win were Matt Moss - 9-time Australian MX and SX Champion, Jordi Tixier - World Champion MX2 (2014), 2022 Prince of Paris (SX2) Thomas Ramette, Hugo Manzato from…

25 Jun

Oil rise up on strong dollar and strong fuel demand; Brent crude at $85.77/bbl

editorBusiness, News

Oil prices rose slightly on Monday as strong summer fuel demand and rising geopolitical tensions helped offset the impact of a stronger dollar.Brent futures for August delivery rose 53 cents to $85.77 a barrel, representing a gain of 0.6% by 11:38 a.m. EST (1538 GMT). Meanwhile, US crude futures rose 65 cents to $81.38 a barrel, representing a gain of 0.8%. Last week, both benchmarks recorded a 3% rise, their second consecutive weekly rise.“Crude oil prices witnessed significant volatility and declined from recent highs due to dollar index strength and mixed global economic data. The dollar index hit its highest…

25 Jun

India’s current account deficit (CAD) down to 0.7 percent of GDP, records surplus of 0.6% in Q4: RBI

editorBusiness, News

India recorded a current account surplus in the last quarter of the last financial year due to higher service income. Additionally, the Reserve Bank of India (RBI) on Monday said the overall current account deficit for FY2024 has narrowed due to decline in goods trade deficit. India's current account deficit (CAD) declined to 0.7 percent of GDP or $23.2 billion in FY2024 from 2 percent of GDP or $67 billion last year. “Sequential decline in CAD in Q4:2022-23 mainly due to narrowing in trade deficit with stronger services trade from US$71.3 billion in Q4:2022-23 to US$52.6 billion in Q4:2022-23 Went.…

24 Jun

Tata Motors announce the launches Fleet Verse

Business BureauBusiness

Tata Motors announced the launch of Tata Motors Fleet Verse - a comprehensive and innovative digital marketplace for Tata Motors Commercial Vehicles. The platform offers features like new vehicle discovery, configuration, acquisition, financing, and is future-proofed to include a range of additional services and features, making Fleet Verse a one-stop digital destination for all commercial vehicle needs. Fleet Verse is a comprehensive platform that consolidates all aspects of commercial vehicle ownership, offering advanced semantic search features and a Smart Search Vehicle Discovery to explore Tata Motors' 900+ models and 3000+ variants. Its Product Configurator allows users to customize vehicle recommendations…

24 Jun

Samsung joined hands with Paytm to integrate travel and entertainment services

Business BureauBusiness

Samsung launches flight, bus, movies and events ticket bookings on Samsung Wallet, in partnership with One97 Communications Limited that owns the Paytm brand, India’s leading payments and financial services distribution company. The partnership aims to enhance consumers’ convenience by offering a seamless and integrated booking experience directly through the Samsung Wallet, facilitating access to a wide range of services through Paytm. Samsung India and Paytm have partnered to provide Galaxy smartphone users with seamless access to Paytm's services, including flights, bus bookings, movie ticket purchases, and event bookings, all integrated within the Samsung Wallet. Users can add tickets directly to…

24 Jun

MSDE partners with the Australian Government to invigorate the Agriculture Sector of India

Business BureauBusiness

The Australian Government and Ministry of Skill Development and Entrepreneurship (MSDE) held a productive roundtable to discuss the lessons learned from the Australia-India Critical Agriculture Skills Pilot Project. Led by Shri Atul Kumar Tiwari, Secretary, MSDE and Mr. Mathew Johnston, Minister Counsellor, Education and Research, Australian High Commission, the roundtable focussed on the opportunities that lay beyond in taking the initiative forward, bringing it up to scale and replicating the model to other sectors. Representatives from National Council for Vocational Education and Training (NCVET), National Skill Development Corporation (NSDC), Indian Council for Agricultural Research (ICAR), Ministry of Education(MoE) and Agriculture…

24 Jun

Skill India Announces Over 5.5 Lakh New Apprenticeship Opportunities

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) is committed to enhancing quality apprenticeship training across sectors through the significant increase in the National Apprenticeship Promotion Scheme (NAPS). In the past 3 years, the total enrolments have grown three-fold to touch 9,31,368 youth under National Apprenticeship Promotion Scheme (NAPS) in FY2023- 24. Maharashtra saw an impressive participation of 2,63,156 youth in the scheme, highlighting its ability in building pathways for fresh talent to build their capabilities, enhance job readiness and making them job ready. The other states are Tamil Nadu (1,01,495), Gujarat (83,730), Karnataka (78,444)and Uttar Pradesh (71,444). The National…

24 Jun

Tata Motors set to hike price of its commercial vehicles from July 2024

Business BureauBusiness

Tata Motors, a leading global automobile manufacturer, announced a price increase for its commercial vehicles effective July 1, 2024. The hike, up to 2%, is aimed at offsetting rising commodity prices and will affect the entire range of commercial vehicles, with variations depending on individual models and variants. The decision comes as part of Tata Motors' strategy to manage increased input costs while continuing to deliver high-quality products. The price adjustment underscores the company's commitment to sustaining operations amid fluctuating market conditions.Tata Motors, part of the USD 150 billion Tata Group, is a USD 44 billion organization renowned for its…

24 Jun

Coca-Cola India introduces ASSP featuring 100% recycled PET (rPET) bottles

Business BureauBusiness

Coca-Cola India is advancing its circular economy efforts by introducing 100% recycled PET (rPET) into the Indian beverage industry. The company has announced the launch of Coca-Cola in ASSP with 100% Recycled PET (rPET) in 250ml bottles, starting with the state of Orissa. Manufactured by Coca-Cola's bottling partner, Hindustan Coca-Cola Beverages Pvt. Ltd. (HCCBPL), this initiative underscores the company's commitment to sustainability, with a focus on reducing carbon footprint and promoting environmental responsibility. The Affordable Small Sparkling Package (ASSP) reduces emissions by 36% by using lightweight PET material, and by transitioning from virgin PET to recycled PET, it contributes to…

24 Jun

LinkedIn introduces ‘Loud Learning’ as a new strategy for professionals in India to enhance their skills

Business BureauBusiness

In this era of AI, professionals must develop new skills to advance their careers. However, new research from LinkedIn, the world’s largest professional network, shows they are facing roadblocks in their learning journey. Despite 80% of professionals in India saying that their company is doing enough to cultivate a culture of learning, findings show that over 9 in 10 (94%) are finding it hard to prioritise learning due to work and family commitments. The top barriers faced by students include time constraints due to family or personal commitments (34%), busy work schedules (29%), and feeling overwhelmed by available learning resources…