Business - The Purbottar

18 Jul

Bandhan Bank’s Q1FY21 Financial Result

editor0 CommentsBusinessBandhanBank

The Board of Directors of Bandhan Bank Ltd., at a meeting held in Kolkata approved its Financial Results for the Quarter ended June 30, 2020. While commenting on the bank’s performance, its Managing Director and CEO Mr. Chandra Shekhar Ghosh said, during the quarter, they have started collections post unlocking announced by the government. Overall Bank collections improved to 76% by end of June’20 compared to 29% in April’20. The bank continued to showcase the strengths of its retail deposit franchise with strong growth of 35% during this difficult time, especially CASA growing by over 47%. During the quarter the…

18 Jul

All-new Ariya to go on sale in mid-2021

editor0 CommentsBusinessnissan

Nissan introduced its all-new Nissan Ariya. With this electric crossover SUV, the customers can travel farther while enjoying greater driving excitement, confidence and comfort, and connectivity. With an estimated range of up to 610 kilometers, the no-compromise Ariya is perfect for daily commutes and weekend road trips alike. With a 100% electric powertrain, the Ariya promises powerful acceleration and smooth, quiet operation. Drivers and passengers can relax and enjoy the ride thanks to autonomous driving technology, concierge-level assistance, seamless connectivity and a spacious, lounge-like interior. CEO Makoto Uchida and Chief Operating Officer Ashwani Gupta unveiled the Ariya to a global…

17 Jul

CoronaVirus effect : Microsoft Trims Jobs As It Enters New Fiscal Year.

editor0 CommentsBusiness

Microsoft Corp said it had trimmed its workforce across geographies and teams as it entered a new fiscal year from July 1. The Washington-based software giant declined to elaborate on the roles which had been eliminated, their numbers or their locations. The company cut roles at its online news portal MSN.com, as it shifted to an AI-powered algorithmic feed, according to the report, which added that jobs were also cut in the Microsoft Azure cloud division. According to a report by Business Insider, the company cut under 1,000 jobs across its business this week. The spokesman said it is common…

17 Jul

Apple iPhone assembler joins wave of tech investment in India

editor0 CommentsBusiness

Apple Inc assembly partner Pegatron Corp is making preparations for its first plant in India, adding to a large influx of foreign tech investments in the country this year.In June, the Indian government set out a $6.6 billion plan to woo the world’s top smartphone manufacturers, offering financial incentives and ready-to-use manufacturing clusters. Pegatron is now setting up a local subsidiary and joining fellow Taiwanese electronics assemblers Foxconn Technology Group and Wistron Corp, who have already been making some iPhone handsets in southern India. Smartphones are a focal point for Prime Minister Narendra Modi's much-touted Make in India program. Ravi…

17 Jul

Reliance Industries looks to storm entry-level 4G, 5G smartphone market

editor0 CommentsBusiness5G, Reliance

Four years ago, disbelief rippled through the audience at Reliance’s annual general meeting when Mukesh Ambani said he was launching 4G Volte smartphones under Reliance’s own brand name Lyf at an unbeatable price of Rs 2,999 when the average 4G smartphone at that time cost Rs 4000. On Tuesday, during the company’s first pandemic-forced virtual annual general meeting, Ambani outlined another vision to disrupt the mobile device market again. The company, with its new partner Google, will build entry-level 4G and 5G smartphones at the fraction of the existing cost based on optimisations to the Android operating system and the Playstore. If successful, the move could…

17 Jul

Sony’s new Extra Bass wireless speakers

editor0 CommentsBusinessSonySpeaker, Wireless

Sony India announced an update to its Extra Bass speaker range with the launch of SRS-XB43, SRS-XB33 and SRS-XB23. The wireless speakers are equipped with enhanced audio quality and are designed to support deep and punchy bass which is perfect for house parties. The SRS-XB43 sports a unique rectangular diaphragm design which ensure deep bass and clear vocals, delivering best sound quality, SRS-XB33 is an all-rounder with tough design and long-lasting battery life and SRS-XB23 are perfect outdoor companion with easy portability and compact design. The SRS-XB43 & SRS-XB33 support 24 hours of music playback to ensure uninterrupted music throughout…

17 Jul

UTI Mutual Fund offers UTI Equity Fund

editor0 CommentsBusinessUTI

UTI Equity Fund would be suitable for those equity investors looking to build their “core” equity portfolio and seeking long term capital growth through investment in quality businesses that generate economic value. Investors with moderate risk-profile and looking to invest for at least 5 to 7 years to meet a long-term financial goal, may consider investing in this fund. UTI Equity Fund is an open ended equity scheme investing across large cap, mid cap, small cap stocks, having a corpus of over Rs. 9,500 crores and having over 12 lakh investors (as on June 30, 2020). The scheme’s top ten…

16 Jul

Bandhan Bank grows stronger – now has 2.03 crore customers

editor0 CommentsBusinessBandhanBank

Bandhan Bank today announced the results of the first quarter of financial year 2020 - 21. The Bank’s total business grew 24.99% year-on-year to reach Rs.1,34,941 crores. The Bank started operations in FY15-16 and will complete five years of operations in August this year. In just 5 years, the Bank has 4,559 banking outlets through which it serves 2.03 crore customers. The total number of employees working at Bandhan Bank stands at 41563. The Bank’s deposit book grew 35.30% over the corresponding quarter of the previous year. The total deposits now stand at Rs.60,610 crore. The current account + savings…

16 Jul

Amway India hosts a webinar with FICCI

editor0 CommentsBusinessamway, ficci

Amway India, one of the country’s leading FMCG direct selling companies, partnered with FICCI to host a webinar on Entrepreneurship Opportunities in the North-East post-COVID-19 era. The webinar was attended by Ashish Phookan, Chairman, FICCI Assam State Council, Kekhrievor Kevichusa, Commissioner & Secretary to the Government of Nagaland and Ronn Pakrashi, Chairman- sub-committee of agro-food processing, FICCI Assam state council amongst others. The special digital event focused on the emerging opportunities created by various industries in the region with the rise of the gig economy in the current scenario. Rajat Banerji, Mentor, FICCI Direct Selling Task Force and Vice-President -…

16 Jul

RLG India’s Clean to Green Campaign Commences E-waste Collection Program in Five New Cities This Year

editor0 CommentsBusinessINDIA, RLG

Under the aegis of Ministry of Electronics and Information Technology (MeitY) and in line with the Digital India movement, RLG India drives the Clean to Green campaign to encourage safe and responsible disposal of electronic waste (e-waste). Through the campaign, RLG India reinforces its commitment towards building a sustainable and greener environment and preventing the poisoning of our ecosystem due to the flow of e-waste into landfills. Ms. Radhika Kalia, MD, RLG India, who drives the Clean to Green campaign, said, “Under this program, we acquire discarded and unwanted electronic products and recycle them to protect the environment. The e-waste…