Business - The Purbottar

22 May

‘Blum’ announces first experience centre in Northeast India

Business BureauBusiness

Blum India has inaugurated its first-ever Experience Centre in the Northeast, located in the vibrant city of Guwahati. The centre, opened in partnership with Jain Interior Solution, marks a significant expansion in Blum’s national footprint. The grand opening event saw the presence of Mr. Nadeem Patni, Managing Director of Blum India, and Mr. Ravi Jain, Owner of Jain Interior Solution. They emphasized the importance of their collaboration in enhancing the furniture experience in the region. Mr. Patni highlighted the untapped potential of the Northeast, stating, "The Northeast region of India holds significant geostrategic importance, and the ongoing economic advancement in…

22 May

Lemonn Enhances User Experience: Introduces Zero-Commission Mutual Funds

Business BureauBusiness

PeepalCo's latest offering, Lemonn has launched Mutual Fund investment service on the app to help new investors diversify their investments. This marks a significant step towards the company’s goal of evolving into a comprehensive wealth-tech player. Lemonn allows users to directly invest in mutual funds at a commission-free rate starting at INR 100, and track their investments on third-party apps using the Portfolio Import feature. The app offers schemes from over 40 fund houses, including major AMCs such as HDFC, SBI, Axis, to name a few. Only a week prior, the platform introduced Futures and Options (F&O) trading with zero…

22 May

Byatikram Education Conclave drivies corporate engagement and educational collaboration across borders

Business BureauBusiness

Byatikram MASDO, the pioneering socio-cultural organization headquartered in Assam, is set to inaugurate the highly anticipated "Byatikram Education Conclave" at the prestigious Dhaka Club in Dhaka, Bangladesh, on June 10th, 2024. Backed by a coalition of influential partners including the Assistant High Commission of Bangladesh in Guwahati, JIS University, Friends of Bangladesh, and Tarun IAS, this event marks a strategic milestone in fostering corporate engagement and educational collaboration across borders. The conclave serves as a strategic platform for universities and educational institutions from Eastern India and Bangladesh to forge meaningful partnerships, exchange knowledge, and explore avenues for joint initiatives. By…

21 May

Upstox aims to tackle India’s low insurance penetration with user-friendly platform

Business BureauBusiness

Upstox, a leading wealth management platform in India, has announced its expansion into the insurance distribution sector. Upstox, known for its stock, F&O, and mutual fund offerings, has expanded its wealth-building platform with the introduction of Insurance. Today, Upstox is a one-stop-shop for a wide array of financial instruments including Stocks, IPOs, F&O, Commodities, Currencies, Fixed Deposits, P2P Lending, Government Bonds, T-Bills, NCDs, Gold, Insurance and much more. Upstox is launching a platform to revolutionize India's insurance market by providing a simplified, transparent, and customized insurance experience. The platform currently offers Term Life Insurance and plans to roll out Health,…

21 May

ONGC achieves record-breaking financial milestones in FY’24; declares highest-ever dividend

Business BureauBusiness

The Oil and Natural Gas Corporation (ONGC) has announced its financial results for the fiscal year 2023-24, marking historic achievements in profitability and dividend payouts. In its 380th Board of Directors meeting held on May 20, 2024, ONGC declared its highest-ever standalone net profit of Rs 40,526 crore for FY’24, alongside its highest-ever consolidated net profit of Rs 57,101 crore. The company also declared a total dividend of Rs 15,411 crore for FY’24, an unparalleled milestone in its financial history. The fiscal year witnessed a remarkable performance with ONGC making significant strides in various operational aspects. Notably, the company reported…

21 May

IndiaSkills 2024: 58 winners to represent India at WorldSkills in France

Business BureauBusiness

The IndiaSkills National Competition 2024 concluded with a spectacular ceremony at Yashobhoomi, Dwarka, showcasing the exceptional talent of young participants from across the nation. Over the course of four days, from May 15th to 19th, more than 900 candidates from 30+ states and Union Territories competed in 61 diverse skills, ranging from traditional trades like Bricklaying and Carpentry to new-age technologies such as 3D Digital Game Art and Cloud Computing.The event culminated with the announcement that 58 top performers across 52 skills will represent India at the WorldSkills Competition in Lyon, France, scheduled for September 2024. Odisha led the medal…

21 May

United Breweries expands reach with Queenfisher Beer launch in Assam & Meghalaya

Business BureauBusiness

United Breweries Limited (UBL), a subsidiary of the HEINEKEN Company, has announced the introduction of Queenfisher Beer to the markets of Assam and Meghalaya. Following a successful debut in Goa earlier this year, Queenfisher aims to celebrate the essence of sisterhood and inclusivity in these new territories. The official launch event took place on May 18th at Exotica Green in Guwahati, marking the expansion of the Queenfisher brand. Attendees were treated to an unveiling of the brand's iconic calendar, now dubbed The Galendar, which showcases real-life stories of women captured by photographer Avani Rai. Each page of The Galendar features…

21 May

Spices Board inspecting MDH, Everest plants; Efforts underway to growth compliance

editorBusiness, Economy, News

Data shared by the Ministry of Commerce and Industry on Monday showed that the maximum residue level (MRL) for EtO in Singapore was 50 mg/kg, while in the EU it was 0.02 to 0.01 mg/kg and in Japan it was 0.01.The Spices Board of India is carrying out inspections at several MDH and Everest processing plants in the country to ensure that spice exports meet the requirements of the respective export destination, senior government officials said on Monday, adding that they have also suggested corrective action such as the use of steam sterilization, Also added actions. The focus is on…

21 May

Kotak Mahindra Bank named Ms. Ketaki Bhagwati as an Independent Director on its Board

Business BureauBusiness

Kotak Mahindra Bank Limited has appointed Ms. Ketaki Bhagwati as an Independent Director on the Bank's Board for four years, effective May 18, 2024, subject to the approval of the Bank's members. Ms. Ketaki Bhagwati, with over three decades of experience in the banking and financial services industry, is being welcomed to the Bank's Board of Directors. The Board anticipates working with her and benefiting from her guidance in key business segments in the coming months and years. Ms. Bhagwati is an Independent Director and Senior Advisor, focusing on strategy, business development, operations, governance, financial, credit, and risk management. Ms.…

20 May

Gangtok sets new standard with comprehensive urban biodiversity index

Business BureauBusiness

As the world prepares to celebrate the International Day for Biological Diversity on May 22, Gangtok emerges as a shining example of urban biodiversity. Nestled in the Eastern Himalayan biodiversity hotspot, Gangtok is renowned for its rich natural landscapes, featuring dense forests, diverse vegetation, and vibrant rivers like Rorochu and Ranikhola. A comprehensive City Biodiversity Index (CBI), released in 2020, highlights Gangtok's ecological wealth. Developed under the German-supported INTERACT-Bio project by ICLEI South Asia and the Gangtok Municipal Corporation, the CBI evaluates native biodiversity, ecosystem services, and biodiversity governance. Gangtok's CBI reveals a remarkable inventory: 184 bird species, including the…