Business - The Purbottar

29 Sep

Air India collaborates with Manish Malhotra for uniform makeover

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, entertainment, INDIA

Designer Manish Malhotra has called his partnership with Air India the start of a "journey of joy and collaboration" to create new uniforms for the airline's staff. Malhotra will design the new look for Air India's 10,000 flight crew, ground staff and security personnel. “It’s an absolute honour to collaborate with @AirIndia, our national flying ambassadors. Reimagining their uniforms is the onset of a journey of joy and collaboration, and I am excited to embark on it,” Malhotra wrote on Instagram. Air India on Thursday said it expects to roll out the new look for its uniformed staff by the…

28 Sep

Intel India appoints Gokul Subramaniam as President

Business Correspondent0 CommentsBusiness

Gokul Subramaniam who has worked at the different technical and business leadership positions in Intel, got promoted to the position of Intel India President. He has been working in Intel for over 11 years. After the promotion, the role of subramaniam has shifted from smaller area to larger one. From now onwards he will be incharge of Intel’s overall engineering and design operations in India, including driving innovation, cross-group efficiencies and execution of Intel products from the site. At present he is working as vice president in the Client Computing Group (CCG) and serves as general manager of Client Platforms…

28 Sep

Flipkart’s Big Billion Days unveils success stories of entrepreneurs

Business Bureau0 CommentsBusiness

Prior to the next Big Billion Days, Flipkart highlighted the success stories of entrepreneurs who have thrived with the support of Flipkart's annual flagship event - The Big Billion Days. It emphasizes Flipkart's significant role in transforming these businesses, offering market insights, digital upskilling, and e-commerce opportunities. The narrative underscores the dedication and potential of these entrepreneurs, portraying The Big Billion Days as a catalyst for their success. Four entrepreneurs' stories are featured: (1) Alok Verma, owner of 'Hasty Toes' in Agra, started with a small team and envisions growth and success through The Big Billion Days. (2) Shyam, from…

28 Sep

AGEL and TotalEnergies have signed a binding agreement to establish a new Joint Venture

Business Bureau0 CommentsBusiness

Adani Green Energy Limited (AGEL) and TotalEnergies have agreed to establish a new joint venture, equally owned by both companies, with a 1,050 MW portfolio. This portfolio will comprise a mix of already operational (300 MW), under construction (500 MW) & under development assets (250 MW) with a blend of both solar & wind power. AGEL will contribute to the JV the assets and TotalEnergies an equity investment of 300 MUS$ which will further support their development.Thanks to this new transaction, TotalEnergies will reinforce its strategic alliance with AGEL and support the company in becoming the Indian leader of renewable…

28 Sep

State Bank of Sikkim & SBI Life Insurance sign a bancassurance pact, to make comprehensive insurance solutions

Business Bureau0 CommentsBusiness

SBI Life Insurance, a trusted private life insurer in India, has signed a bancassurance pact with the State Bank of Sikkim (SBS) at the bank’s headquarters in Gangtok, Sikkim, to make comprehensive insurance solutions accessible to residents of Sikkim. Ensuring greater reach and penetration, the partnership will see an extensive distribution network of the State Bank of Sikkim spread across the state and offer SBI Life’s diverse range of protection, wealth creation, and savings insurance products to its customers. This partnership will empower customers to address their complete financial needs under one roof, making insurance products more accessible and affordable.The…

28 Sep

UTI Mutual Fund to open a New Financial Centre at Nagaon

Business Bureau0 CommentsBusiness

UTI Asset Management Company, one of India's largest asset managers, is expanding its distribution reach with the launching of 29 new Financial Centers across 29 cities in a single day. UTI Mutual Fund has announced the opening of a new UTI Financial Centre at Nagaon. The new UFC will be opening at R.R.B ROAD. Haibargaon, District: Nagaon, State: Assam, PIN Code: 782002, Telephone No: 8657967277. The new offices will be inaugurated on 29 September 2023, demonstrating UTI AMC's commitment to providing better financial services and accessibility to investors. Mr. Imtaiyazur Rahman, MD and CEO stated, “We are constantly stepping up…

28 Sep

I-T department searches Lenovo as part of tax evasion probe

Business Correspondent0 CommentsBusiness

The I-T (Income-tax) department raided at the at the offices of IT hardware maker Lenovo on September 27 (Wednesday) as part of a tax evasion probe against the company and some of its affiliates, official sources said. The raids were conducted at the offices in Haryana's Gurugram and Karnataka's capital city Bengaluru, they said. Lenovo leads the global personal computer (PC) market with a 24% share. The company clocked USD 1.9 billion in revenue in India in the financial year 2022-2023 , with a market share of 17% in the country. The sources said the taxman suspects tax evasion and…

28 Sep

Govt. introduces 50-year bond to meet life insurance companies’ demand

Priyanka Bhowmick0 CommentsBusiness, IndiaINDIA

The central government will sell 50-year bonds for the first time to meet demand for long-dated securities from the country's life insurance and pension fund sectors. This comes as a major development in the country's financial sector as a rapidly growing middle class seeks long-term financial security and retirement planning through such investments. The new 50-year bonds announced in the borrowing plan released by the Reserve Bank of India on Tuesday will add to the 30-year and 40-year tenor bonds currently offered. “Investor demand has strengthened, supported by the expansion of the formal sector, with households allocating a higher share…

28 Sep

Asia Healthcare acquired majority stake in AINU

Business Bureau0 CommentsBusiness

Asia Healthcare Holdings (AHH), a single specialty healthcare delivery platform, has acquired a majority stake in the Asian Institute of Nephrology and Urology (AINU), India's largest single specialty hospital network. AHH plans to invest 600cr in the company through primary and secondary infusions. This acquisition marks AHH's expansion into a fourth speciality, making it the largest and only single speciality healthcare delivery platform in India and the Asian sub-continent. AHH, launched in 2017, has scaled enterprises in Oncology, Women & Children's, and IVF & Fertility, all achieving leadership positions within their respective domains. In 2013, AINU, established by top Urologists…

27 Sep

Festive cheer: Milk prices may not rise further, says Amul chief

Business Correspondent0 CommentsBusiness

Cooperative Milk Marketing Federation MD Jayen S Mehta(owner of Amul) said that the prices of the milk may not rise further in 2023, the arrival of monsoons on time resulted into a pretty good situation. He further said that the timely monsoon has also helped dairy farmers to remain free from pressure of high prices of feed and fodder by keeping them under control. Earlier this year due to low production of milk the prices of it were increased in many cities.