Business - The Purbottar

17 Jun

UTI Treasury Advantage Fund provides good investment opportunity

editor0 CommentsBusinessUTI, UTI Treasury Advantage Fund

With an aim to generate reasonable income with lower volatility over the short-term, UTI Treasury Advantage Fund follows an accrual-oriented strategy by investing in a well-diversified portfolio of debt and money market instruments. UTI Treasury Advantage Fund primarily invests in commercial papers, certificate of deposits and low duration corporate bonds along with tactical exposure to government securities, according to UTI sources. It may be mentioned here that in the recent monetary policy announcement (as was widely expected), the MPC voted unanimously to continue accommodative stance and to maintain the repo rate at 4.00%. The Governor also announced the third tranche…

17 Jun

‘Pure business’ at Biden-Putin summit

editor0 CommentsBusinessBusiness, Russia

President Joe Biden and Russian President Vladimir Putin concluded their summit on Wednesday with an agreement to return their nations’ ambassadors to their posts in Washington and Moscow and a plan to begin work toward replacing the last remaining treaty between the two countries limiting nuclear weapons. But the two leaders offered starkly different views on difficult simmering issues including cyber and ransomware attacks originating from Russia. Putin insisted anew that his country has nothing to do with such attacks, despite U..S. intelligence that indicates otherwise. Biden, meanwhile, said that he made clear to Putin that if Russia crossed certain…

16 Jun

Twitter loses legal shield in India

editor0 CommentsBusinessTwitter

Twitter has lost its legal protection in India from prosecution over users' posts because of its failure to comply with new digital rules, government sources said today as a case was filed in Uttar Pradesh against the social media giant over tweets that the police say attempted to incite communal trouble.Twitter has not yet complied with all the provisions of the rules that came into force on May 25, sources in the Ministry of Electronics and IT said. “Due to their non-compliance their protection as an intermediary is gone. Twitter can face liability for violating any Indian law just as…

15 Jun

Study says ,Sputnik V is more effective against the Delta variant of coronavirus

editor0 CommentsBusinessCorona Virus, Sputnik V

The Russia's Covid-19 vaccine has claimed that Sputnik V is more efficient against the Delta variant of coronavirus than any other vaccine. Sputnik-V has claimed that the one which was found in India., the Gamaleya Center study has the vaccine most effective vaccine against the coronavirus. The first dose of the imported vaccine was administered in Hyderabad last month. The Drugs Controller General of India, gave the authorization use emergency for the Sputnik V vaccine. while that of Covaxin is Rs 1,410 per dose, for private COVID-19 Vaccination Centres ,the maximum price of Covishieldhas been fixed at Rs 780 per…

15 Jun

Ram Mandir Trust speaks out on Temple’s land price controversy

editor0 CommentsBusinessINDIA, plot controversy, ram mandir

As the 'Ram Mandir' plot of land in Ayodhya has come under scrutiny, the Ram Janmbhoomi Trust has issued a factual report on the controversial land deal explaining the price difference of the plot. The Ram temple trust has said the charges are being concocted by BJP's rivals. It has also sent its report to the Centre, BJP and RSS, explaining the price difference. In its statement, the Ram temple trust has said the plot of land is located next to the road approaching the Ram Janmbhoomi Mandir and is of premium value. Bjp termed the war of words that…

15 Jun

Govt confirms first death in India after Covid vaccination

editor0 CommentsBusinesscovid, Dr NK arora, vaccination

The government panel that was studying vaccine side-effects has confirmed that a 68-year-old man died due to anaphylaxis -- a severe, potentially life-threatening allergic reaction -- after he was administered a coronavirus vaccine. Speaking with India Today TV, AEFI Chairperson Dr NK Arora confirmed a death following the Covid-19 vaccination but refused to comment further. AEFI chairperson , Dr NK Arora said that the death assessment report shows that the 68-year-old received his vaccine shot on March 8, 2021 and after an investigation we have found that the reason behind the death is anaphylaxis. The other anaphylaxis cases occurred in…

14 Jun

Nissan Magnite is available through CSDs

editor0 CommentsBusinessCanteen Store Departments, datsun, nissan

The availability of the entire range of Nissan and Datsun products in Canteen Store Departments (CSD) has been announced by Nissan India. Defense personnel can now avail all CSD approved applicable discounts and offers through CSD Depots across the country. “Nissan is honored to serve our brave defense personnel and is delighted to bring the entire range of Nissan and Datsun products along with the newly launched game changer in the SUV segment, the all-new Nissan Magnite, at the highest value proposition,” said Rakesh Srivastava, Managing Director, Nissan Motor India. Nissan's digital platform, Shop@Home allows defense personnel to book their…

14 Jun

Tata Steel BSL Ltd reduces debt by 60 per cent

editor0 CommentsBusinessBSL Ltd, Tata Steel

Tata Steel has been able to significantly make good on its big-ticket purchase of Bhushan Steel Limited (BSL) three years ago that potentially makes it the most successful acquisition by the company. Tata Steel Ltd had stumped up Rs 35,200 crore for the Odisha-based plant which can produce 5.6 million tonnes. While the parent invested Rs 19,700 crore from its own balance sheet, it also put in place a 12-year long-term take-out financing of Rs 15,500 crore for Tata Steel BSL. A back of the hand calculation suggests the company has been able to reduce leverage by Rs 9,300 crore,…

14 Jun

Jeff Bezos, his brother Mark, along with two other crew members to head for Space

editor0 CommentsBusinessauction, INDIA, jeff bezos, space

A mystery person has paid $28m in an auction held on Saturday, for a seat on Jeff Bezos's first crewed spaceflight by Jeff's own company, Blue Origin. The company said that the winner's identity would be revealed in the coming weeks. The other two crew members of the 20 July flight are Mr Bezos' brother Mark and an unnamed space tourist. The bidding process attracted interest from more than 140 countries. After a nearly month, the top bid had stood at just under $5m, but once Saturday's online auction got under way that figure rose more than five times. "The…

12 Jun

ESL Steel’s 100-bed field hospital in Bokaro

editor0 CommentsBusinessbokaro, esl seel, esl steel, sadar hospital, vedanta

Jharkhand Chief Minister Hemant Soren virtually launched Vedanta group company ESL Steel’s 100-bed COVID facility in Bokaro in the presence Vedanta Chairman Anil Agarwal. The hospital is aimed at ramping up the medical infrastructure so that people from the marginalised sections in the region have access to medical care facilities free of cost. Jharkhand Chief Minister, Hemant Soren, Health Minister, Mr Banna Gupta, Member of Parliament PN Singh, SAIL Director Ic Amarendu Prakash and Dr. Ashok Pathak attended the inaugural event. Sauvick Mazumdar, CEO of Vedanta’s Iron & Steel Business and NL Vhatte, CEO of ESL Steel, were also present.…