Business - The Purbottar

26 Nov

Bandhan Bank records impressive business growth

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Bandhan Bank announced its financial results for the second quarter of the financial year 2020-21. The Bank’s total business (deposits and advances) grew 25.90% year-on-year to reach Rs.1,42,742.3-Crore. The Bank started operations in FY15-16 and completed five years of operations in August this year. In just a little over 5 years, the Bank has 4,701 banking outlets through which it serves 2.08-Crore customers. The total number of employees working at Bandhan Bank stands at 45,549. The Bank’s deposit book grew 34.4% over the corresponding quarter of the previous year. The total deposits now stand at Rs.66,127.7-Crore. The current account +…

26 Nov

UTI Arbitrage Fund

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UTI Arbitrage Fund was launched in 2006 and now has a 14-year track record spanning across different market cycles. The fund has exhibited decent performance besides paying monthly dividend under its regular and direct plans. On compounded annual growth basis, the fund has delivered a return of 4.46% under its regular plan growth option and 5.02% under its direct plan growth option on a 1-year basis. (Data as of 6th November 2020). The fund being equity oriented enjoys certain tax arbitrage compared to other debt investment avenues. The fund has a reasonable track record of monthly dividend distribution. The periodic…

26 Nov

Fratelli Wines launches Tilt in Siliguri

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Fratelli Vineyards, India’s largest privately owned wine estate, is ready to launch TiLT (Wine in a Can) in Siliguri. TiLT is Vegan and gluten-free and will be available in 250 ml. eco-sensitive cans that are shielded from light and air. Presented in four variants at pocket-friendly prices of Rs 160 to Rs 230 per can, TilT will be soon available at leading liquor outlets in the city. TiLT is fresh and aromatic. This beauty from Fratelli’s vineyard speaks for itself with its impeccable quality. A very special feature of TilT is that it proudly presents a unique combination of various…

24 Nov

OPPO F17, A15, Reno 3 Pro, and A12 prices in India cut permanently in offline and online stores

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Oppo F17, Oppo A15, Oppo A12, and Oppo Reno 3 Pro has received a permanent price cut in India. The Chinese smartphone maker has reduced the prices for the aforementioned budget to mid-range handsets by up to Rs. 2,000. The revised prices are meant for both online and offline retailers. While Oppo Reno 3 Pro sees the biggest price cut of Rs. 2,000, Oppo A15 sees the minimum reduction at Rs. 500. It should be noted that not all storage variants of the four smartphones have been subject to the price cut. Oppo F17 price cut in IndiaOppo F17, that…

23 Nov

Tide aims biggest free product trials

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The new ‘yellow’ Tide was launched in September with the promise of great cleaning that fits the budget. Tide India, one of the leading fabric care brands in India from P&G, is back to redefine audience engagement and enhance the consumer experience, with its latest free in-store product experiential campaign for its newest product Tide Fresh and Clean. With this sampling drive, Tide aims to get more and more people to try the new product. The brand aims to route the biggest free product trials reaching more than 2-lakh stores across launch regions engaging more than 20-lakh consumers with free…

21 Nov

FDC Limited introduces PiFLU & Favenza

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FDC Limited announced the launch of new strength variants of its Favipiravir brands – PiFLU and Favenza, used to treat mild to moderate cases of COVID-19 in India. These prescription-only drugs will be available at all retail medical outlets and hospital pharmacies across the country, from 1 November. The 800mg version of the drugs will help reduce the number of tablets to be taken by any patient by 75%. Currently, patients are required to take 18 pills on the first day followed by 8 tablets every day for the next 13 days. Drug Controller General of India (DCGI)-approved Favipiravir is…

20 Nov

Great TECNO Festival offer ends on 30 November

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The global premium smartphone brand, TECNO announced that its customer base crossed the 6-million mark in a little more than 3 years since its foray into India. To commemorate the achievement of this significant milestone, TECNO announced the ‘Great TECNO Festival’, a mega festive bonanza offers for consumers from 1 November till 30 November. The festival will offer a chance to customers to win exciting prizes including the Maruti’s S-Presso car, Hero Passion Pro motorcycles, as well as TECNO’s camera-centric CAMON 15 Pro and the stylish Hipods H2 earbuds through a lucky draw on purchase of any TECNO Smartphone. All…

18 Nov

Ashok Leyland launches BOSS LX and LE trucks

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Ashok Leyland, the flagship Company of the Hinduja Group and India’s leading commercial vehicle manufacturer, launched the BOSS LE and LX Trucks, with i-Gen6 BS-VI technology. BOSS Brand has been one of the leading brands, from Ashok Leyland, in the Intermediate Commercial Vehicle (ICV) segment. These two vehicles will address the 11.1-tonne to 14.05-tonne GVW market. Customers can choose from multiple combinations – Loading span from 14ft to 24 ft and body type options of high side deck, fixed side deck, drop side deck, cab chassis, container and tipper. Prices of BOSS LE and LX start from Rs 18 Lakhs. …

09 Nov

Samsung Beats Apple With Most Smartphones Shipped in Q3 2020 in the US

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Samsung has surpassed Apple for the first time in three years by shipping the highest number of smartphones in the third quarter of 2020 in the US. According to the analysis carried out by Strategy Analytics, Samsung had a market share of 33.7 percent in the US this year. Apple came in second, followed by LG. The report says that Samsung was able to take the lead this time thanks to its mid-tier and budget smartphones, along with the launch of its new Samsung Galaxy S20 series. As per the report by Korean Herald citing Strategy Analytics, for the first…

09 Nov

Government Seeks Foreign Investment In Strategic Petroleum Reserves

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India has invited global firms to invest in its strategic petroleum reserves (SPRs) as the nation’s energy consumption growth would be fastest among large economies in coming decades, oil minister Dharmendra Pradhan told a conference on Monday. India’s share in global energy consumption is set to rise from 7% to 12% in 2050, Pradhan told the ADIPEC conference. The nation, the world’s third-biggest oil consumer and importer, earlier this year filled its three SPRs in southern India with 5.33 million tonnes of oil when prices were low. To attract private investment in its SPRs, India recently allowed Abu Dhabi National…