Business - The Purbottar

10 Aug

Whirlpool of India Q1 net profit rises 61.9% to Rs 25.51 crore

editor0 CommentsBusiness, IndiaBusiness

Consumer durable maker Whirlpool of India on Tuesday reported a 61.96 percent increase in consolidated net profit to Rs 25.51 crore for the first quarter ended June 30. The company had posted a net profit of Rs 15.75 crore during the April-June quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations rose 30.53 percent to Rs 1,340.61 crore during the quarter under review, as against Rs 1,027.05 crore a year ago. Whirlpool of India’s total expenses surged 30.09 percent to Rs 1,321.92 crore in Q1 FY22 compared…

10 Aug

Adani Group likely to take over Guwahati airport in October

editor0 CommentsBusiness, IndiaAdanigroup

The Adani Group on Monday began its “Observation Period” at the Lokpriya Gopinath Bordoloi International (LGBI) airport in Guwahati as part of its mandate to develop and modernise northeast India’s main airport, officials said. An Airport Authority of India (AAI) official said that a nine-member team of the Adani Airport Holding Ltd (AAHL) led by Chief Airport Officer Utpal Baruah, an aviation industry expert who also hails from Assam, on Monday formally started its “Observation Period” and is likely to take over charge in October. An AAI official on condition of anonymity said that as per the agreement with the…

09 Aug

Rupee snaps 5-day winning streak, drops 11 paise against US dollar

editor0 CommentsBusiness, India, InternationalECONOMY, INDIA

Halting its five-session winning run, the rupee on Monday declined by 11 paise to close at 74.26 (provisional) against the US dollar, tracking the firm American currency. At the interbank foreign exchange market, the domestic currency opened at 74.21 against the American currency and slipped further to close at 74.26, registering a decline of 11 paise over its previous close. On Friday, the rupee had settled at 74.15 against the US dollar. During the session, the local unit touched an intra-day high of 74.21 and a low of 74.29 against the US currency. The dollar index, which gauges the greenback’s…

09 Aug

DC Kizhakemuri Foundation ties up with DCSMAT

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DC Kizhakemuri Foundation, a non-profit Trust, in association with the DCSMAT Group of Institutions (Vagamon & Trivandrum) is offering scholarships to one eligible student from each State in India, based on merit. This scholarship scheme has been extended to students from all 29 States and Union Territories in India. The total cost for the two-year MBA program comes to around Rs.7.5 lakhs, including food & accommodation. This scholarship is to add cultural diversity among the students. A total of 29 Scholarships total worth Rs. 2 Crores and Super Merit Scholarships worth Rs. 50 lakhs will be given to the students…

09 Aug

Nissan’s 18 new workshops in 18 new cities

editor0 CommentsBusinessBusiness, nissan india

Free monsoon check-up camps have been introduced by Nissan India for its customers across Nissan and Datsun authorized dealerships in India till 31 August. The camp offers a 30-points check-up which includes exterior, interior, underbody, road-test and free top wash for the vehicles to ensure optimum performance of the vehicle during the Monsoon season. Customers may also avail up to 20% discount on labour. The camp is conducted by trained personnel who ensure the usage of genuine spare parts. To strengthen the customer assurance, Nissan India has tied-up with myTVS to improve Nissan India’s end-to-end Road-side Assistance (RSA) services on…

07 Aug

No change in fuel prices in almost 3 weeks

editor0 CommentsBusiness, IndiaFuel

Oil marketing companies (OMC) continue to pause fuel price revision for the 20th consecutive day on Friday as a wait and watch policy continues amid fluctuating global crude prices. Global crude prices have swung in all directions in July starting with a low of $70 a barrel to quickly breaching to $77 a barrel, and then fall below $70 a barrel to crossing $75 a barrel later in the month. The oil prices have softened again to just over $70 a barrel on concerns of growing Covid cases, slowing industrial recovery globally and rising US oil inventory. With no price…

07 Aug

PNB MD & CEO CH SS Mallikarjuna Rao’s view on RBI’s Monetary Policy

editor0 CommentsBusiness, IndiaPPNB, RBI

The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19. The decision of keeping the repo rate unchanged along with maintenance of accommodative stance is on expected lines as low interest rates are critical to economic revival. Additional liquidity measures through extension of deadline of On tap TLTRO scheme till December 31, 2020 will have positive implications for stressed sectors like retail, MSME and real estate. Amendment of guidelines related to export credit in foreign currency and restructuring of Derivative contracts is a much needed move…

07 Aug

Saridon relaunched in India

editor0 CommentsBusinessBusiness

Bayer Consumer Health division in India, re-launched India’s most trusted headache relief solution Saridon in an all-new look. This household brand has been India’s ‘Go-To’ solution for headaches for over five decades. Leveraging its lineage and deep-rooted consumer trust, Saridon’s relaunch campaign aims to spread awareness amongst resilient young adults through a refreshed, contemporary packaging driving home the need to act on pain instead of bearing it. Saridon’s vision is to tackle this behaviour by owning the stress domain, through its innovative triple-action formula, playing the role of a secret ally to its target audience in finding fast relief from…

07 Aug

Blenders Pride Fashion Tour

editor0 CommentsBusinessBusiness

Blenders Pride Fashion Tour unveils the second edition of The Showcase in collaboration with Fashion Design Council of India (FDCI), with the objective of nurturing talent and opening up a world of avenues. The Showcase has been conceived to become one of India's leading platforms to discover talent across four categories fashion designers, shutterbugs, models and content creators. Charting a unique course, The Showcase will catapult the journey of the aspirants, giving them a platform to exhibit their creative expression with Pride. Redefining their career path, the winning talent stands a chance to showcase their work in the next edition…

06 Aug

Honda opens pre-launch bookings for new Amaze

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Honda Cars India Limited (HCIL), leading manufacturer of premium cars in India will launch the new Honda Amaze on 18 August. The new Amaze will come with a stylish new look, striking exteriors changes and enhanced interiors. The company commenced the pre-bookings of the new car at all authorized Honda dealerships across the country with a booking amount of Rs 21,000. Additionally, the customers can also book the car online from the comfort of their homes through ‘Honda from Home’ platform on HCIL website with an amount of Rs 5,000. Honda Amaze, currently in its 2nd Generation, is Honda’s largest…