Business - The Purbottar

22 Aug

Paytm share price upgrade over 5%, Zomato shares rise 2% on ticketing business deal

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Paytm share price surged over 5% after the fintech giant announced the sale of its entertainment and ticketing business to food delivery app Zomato for ₹2,048 crore. Paytm shares rose 5.47% to ₹604.45 on BSE, while Zomato shares also rose 2.71% to ₹267.00.Fintech giant Paytm's parent company, One97 Communications, entered into a definitive agreement for the sale of its entertainment ticketing business, which includes movies, sports and event ticketing, to Zomato for ₹2,048 crore.Paytm's movie and event tickets will remain available on its app during the transition period for the next 12 months. After that, users will be redirected to…

21 Aug

Due to investor enthusiasm, Ola Electric shares growth by 90%, market cap crossed $ 7 billion

editorBusiness, News

Ola Electric Mobility Ltd. has seen its shares surge nearly 90% within two weeks, taking the company's market capitalization to more than $7 billion. Bloomberg reported that this rapid growth vindicated founder Bhavish Aggarwal's decision to take the company public, despite initial doubts about its valuation.The company's initial public offering (IPO), the largest in India in the last two years, attracted wide interest from investors. The surge in the share price has allowed Aggarwal to reach his target valuation earlier than anticipated, driven by strong demand in India's thriving IPO market. Ola Electric, India's largest e-scooter maker, had gone ahead…

21 Aug

MG Windsor teases ‘Infinity View Glass Roof’, redefines CUV luxury

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MG Motor India has teased a groundbreaking feature of its upcoming MG Windsor, the country’s first Intelligent Crossover Utility Vehicle (CUV). In a newly released video, the brand showcased the 'Infinity View Glass Roof,' a first-in-segment innovation that promises an unparalleled driving experience. This expansive glass roof seamlessly integrates the vehicle’s interior with the outdoors, offering passengers a panoramic and immersive view, whether navigating city streets or scenic countryside. The MG Windsor’s Infinity View Glass Roof is more than just a visual treat—it enhances the sense of space and airiness inside the cabin, making every journey a luxurious experience. This…

21 Aug

Femina Miss India 2024 announces state winners, gears up for grand finale

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In a spectacular announcement marking its diamond jubilee, Femina Miss India 2024 has revealed the state winners who will vie for the prestigious title at the grand finale. Co-powered by Tops and Rajnigandha Pearls, this historic 60th edition of the pageant is set to spotlight India's emerging beauty icons and provide them a platform to represent the country at the 73rd Miss World competition. The nationwide selection process for the pageant was extensive, spanning five months and encompassing online screenings and regional auditions in six major cities: Delhi-NCR, Kolkata, Guwahati, Bengaluru, Mumbai, and more. Thousands of contestants competed for their…

21 Aug

NCLT greenlights merger between North East Small Finance Bank and slice

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The National Company Law Tribunal (NCLT) has approved the merger of North East Small Finance Bank (NESFB) with slice, a prominent consumer payments and lending company in India. The NCLT's Guwahati bench sanctioned the Scheme of Arrangement and Amalgamation, which involves several entities, including NESFB, slice, and their parent companies. This merger is a strategic move that combines NESFB's grassroots banking expertise with slice's digital prowess, aiming to enhance financial services across India. The merger follows essential approvals from the Competition Commission of India (CCI), Registrar of Companies (RoC), Regional Director (RD), and no-objection certificates from the Reserve Bank of…

21 Aug

The cluster round of the Brillio National STEM Challenge 2024

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Students from Agarpara Netaji Sikhsayatan For Girls & Belgharia Jatindas Vidyamandir triumphed at the cluster round of the Brillio National STEM Challenge 2024, an initiative by Brillio, a leading digital transformation services and solutions company, in partnership with STEM Learning, a social enterprise dedicated to promoting STEM education among school children. The cluster round, held at Udaypuri Hridayal Nag Adivashi Vidhyalay celebrated the success of these students as they were felicitated by STEM Learning Team and Teachers. These winners will now advance to the zonal round, with the ultimate goal of competing in the grand finale in Bengaluru on August…

20 Aug

BPCL launches drone-driven reforestation initiative in Bihar

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Bharat Petroleum Corporation Limited (BPCL), a leading Maharatna PSU, proudly announces a major afforestation initiative in Bihar, aimed at enhancing greenery across key forest areas in the state. In collaboration with the Department of Environment, Forest, and Climate Change, Government of Bihar, and our NGO partner, BPCL will be deploying 100,000 seedballs across three significant forest regions provided by the Forest Department. The "Aranya" project in Bihar will cover 50 hectares across three key forest areas, focus on Umga Pahadi in the Madanpur Forest of Aurangabad, the Rajauli Forest Area in Nawada, and the Brahmyoni, Dungeshwari, Pretshila, and Barabar Hills…

20 Aug

Nagaland: How SBI General Insurance is changing lives with innovative disaster coverage

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Nagaland has teamed up with SBI General Insurance to introduce the Nagaland Disaster Risk Transfer Parametric Insurance Solution (DRTPIS). This groundbreaking partnership promises to bring a new sense of security to residents across the state, providing a safety net against the devastating impacts of natural disasters. The DRTPIS, set to roll out over the next three years, is more than just a financial tool—it's a lifeline. Designed to cover the effects of excess and unseasonal rainfall, this parametric insurance aims to ensure that recovery is swift and support is timely when disaster strikes. This initiative comes in response to a…

19 Aug

Dr. Rashna Dass Hazarika urges flu vaccination for children amid erratic monsoon, highlights increased risks

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As the monsoon season sweeps across India, Dr. Rashna Dass Hazarika, Senior Consultant Paediatrician at RIGPA Children’s Clinic, is raising concerns over the heightened risk of flu among children due to erratic weather patterns. The fluctuating humidity and temperature during this season have created ideal conditions for flu viruses to spread, exacerbating the vulnerability of children. Dr. Hazarika highlights that drought-like conditions, which increase air pollution, weaken children's immune systems, making them more susceptible to infections. Additionally, areas prone to waterlogging foster mold growth, further compromising lung health. The situation is worsened by crowding in homes during heavy rainfall, potentially…

19 Aug

Citroën launches the Basalt: India’s first mainstream SUV coupé

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Citroën India has launched the Basalt, marking India’s debut of a mainstream SUV coupé that combines rugged SUV characteristics with sleek coupé elegance. The Basalt, starting at an introductory price of INR 7.99 lakhs, is available in six variants and offers a choice between 1.2 L Gen 3 PURETECH 110 turbo and PURETECH 82 Naturally Aspirated engines. Deliveries are set to begin in the first week of September across 85 La Maison Citroën phygital showrooms. Designed to offer a superior driving experience, the Basalt features a class-leading wheelbase and Advanced Comfort® Cushion Suspension for enhanced comfort. Its robust safety features…