Business - The Purbottar

29 Jul

GST Council to finalize taxing rules on online gaming on August 2

Business Bureau0 CommentsBusiness

The GST council is set to meet on August 2 to decide on the implementation of GST on online gaming. The council will decide whether the 28% GST will be levied on deposits or on every game. The revenue secretary acknowledged that levying a 28% tax on every game would lead to repeated taxation of the same rupee, resulting in an effective tax rate of up to 50%-70%. Over 30 global and Indian investors have expressed concerns about the debilitating effect of taxing every game on the industry. Levying 28% GST on every game would result in a more than…

29 Jul

Coca-Cola reported strong second-quarter 2023 results

Business Bureau0 CommentsBusiness

Coca-Cola reported strong second-quarter 2023 results, showcasing momentum in a dynamic operating environment. The company focuses on strengthening its presence in emerging markets, building strategic partnerships, and investing in sustainable initiatives to support growth globally. The company aims to focus on innovation, revenue growth, and brand building through a sustainable, circular economy, benefiting stakeholders.The company's performance in the India market is outlined below; Steady Unit Case Volume-Coca-Cola's Unit Case Volume remained steady in the second quarter, with growth in Mexico balanced by declines in the US and Spain. Developed and emerging markets remained even, with growth in India and Brazil…

29 Jul

Johnson’s Baby celebrates their latest campaign, ‘Promise, pehle pal se’

Business Bureau0 CommentsBusiness

Parenthood is a journey filled with immense love, dedication, and unwavering promises. From the moment a parent discovers they are expecting, they form a deep connect with their baby to always protect its skin and ensure its well-being from day 1. Johnson's® Baby, a pioneer in baby skincare, recognizes and celebrates every parent’s powerful commitment with its latest campaign, 'Promise, pehle pal se'. The brand's latest marketing campaign, 'Promise, Pehle Pal Se,' emphasizes their commitment to using baby-safe ingredients for protection from day one. Campaign launches July 24 across TV, digital, social media. Johnson's® Baby, a brand with a long-standing…

29 Jul

I-T searches Haier offices in Noida, Mumbai and Pune

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

The raids are linked to suspected "large-scale tax evasion," the same report said. The Chinese consumer durables company, which has a strong presence in India including refrigerators and washing machines, has set a target of Rs 6,000 crore in 2022 and Rs 10,000 crore in the next two years. In April, Satish NS, President, Haier India, said, "We have one of the largest manufacturing hubs for all domestic supplies in the country as well as expanding our export base. Product innovation and customer-centricity are rooted in the principles of our growth trajectory and so we are focused on bringing best-in-class…

28 Jul

ITC in cooperation with India Post releases an exclusive Postal Stamp on Millets

Business Bureau0 CommentsBusiness

ITC Limited, a leading multi-business enterprise in India, has released a special postal stamp in New Delhi to commemorate the International Year of Millets. The stamp celebrates the Shree Anna and nationwide efforts to raise awareness on millets. The exclusive stamp was released by Shri Kailash Choudhary, Minister of State for Agriculture and Farmers' Welfare, in the presence of Sushri Manju Kumar, Chief Post Master General, Department of Post, Ministry of Communication, and Shri S. Sivakumar, Group Head – Agri Business, ITC Limited. ITC remains committed to helping India Eat Better and raising awareness on millets, a movement spearheaded by…

28 Jul

Glance uncovers the mystery behind Indian trash bin buttons

Business Bureau0 CommentsBusiness

Glance, a Bengaluru-based technology company, has released a video on social media channels to reveal the mystery surrounding the discovery of giant buttons labeled as 'unlock,' 'search,' and 'download' in garbage bins across India. The video shows photographs and videos of people dumping these symbolic buttons for their smart lock screen, which doesn't require users to unlock their phones, download, and search to access different content on the internet. The company claims that users don't need these buttons if they have the Glance smart lock screen. The discovery of the buttons has sparked widespread curiosity and led to discussions on…

28 Jul

Keep a check on Diabetes On this Monsoon Season

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Monsoon is a spellbinding season known for its vibrant atmosphere, characterized by chai, dancing, pakoras, and music. During this season, it is crucial for diabetes patients to maintain regular monitoring and monitor their blood sugar levels. Continuous glucose monitoring (CGM) devices provide glucose insights without finger pricking, with metrics like Time in Range. Regular readings help maintain optimal glucose control, allowing for better glucose control. Dr. Bikas Rai Das, Sr. Consultant Cardiothoracic & Vascular Surgeon, Apollo Hospital, Guwahati,, emphasizes the importance of monitoring diabetes during the rainy season to prevent health issues and glucose fluctuations. Dr. Das said, “Therefore, monitoring…

28 Jul

Tata Motors reported Q1 FY24 results

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Tata Motors Ltd. (TML) shares its results for quarter ending June 30, 2023. Tata Motors continued its strong performance in Q1 FY24, with revenues at 102.2K Cr, EBITDA at 14.7K Cr, and EBIT of 8.3KCr. The company's JLR business experienced a 57% increase in revenues to £6.9b, with EBIT margins of 8.6%. CV volumes were lower by 15% due to BS6 Phase 2, but EBIT margins improved to 6.5%. The PV business experienced 11.1% revenue growth and EBIT of 1.0%. Overall, PBT (bei) improved by 10.3KCr to 5.3KCr, and net profit was 3.3KCr. Despite near-term uncertainties, the company remains optimistic…

28 Jul

Coca-Cola India appoints Ajay Bathija as Vice President, Franchise Operations

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Coca-Cola India has appointed Ajay Vijay Bathija as Vice President of Franchise Operations for Southwest Asia, bringing 24 years of marketing and franchise expertise to the role. Ajay started his career in 1999 with Hindustan Coca-Cola Beverages Pvt. Ltd. Front Line Sales and grew rapidly across roles. He became the Region Manager for the Mekong Delta Region at SabCo Vietnam in 2005, leading sales operations and route-to-market strategies to drive volumes. In India, Ajay Vijay Bathija has led the "Share a Coke" campaign and introduced Coca-Cola Zero sugar in INSWA markets. He also revitalized ThumsUp through integrated marketing campaigns, boosting…

28 Jul

LIC announces the launch of the Jeevan Kiran plan

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Life Insurance Corporation of India (LIC) has introduced a new life insurance plan called 'LIC Jeevan Kiran', which provides both life cover and refund of premium. The plan caters to customers aged 18 to 65 years. Under this policy, policyholders have the freedom to choose policy tenures between 10 and 40 years based on their specific financial goals and requirements.Also, they have the flexibility to opt for a single premium payment or regular premium payments over the policy term. The minimum installment premium is ₹3,000 for regular premium policies and ₹30,000 for single premium policies. The policy has two optional…