Business - The Purbottar

28 Jul

Iodex launched “Iodex Rapid Action Spray”

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GSK Consumer Healthcare made an announcement, the launching of Iodex Rapid Action Spray, a body pain relief solution for modern day costumers. Synonymous with treating body pain, Iodex is a household name in India believed by millions of buyers for over 100 years. Iodex now has an exhaustive collection of pain relief products -Iodex Balm, Iodex UltraGel & Iodex Rapid Action Spray. The newly recommended by-products from Iodex contains five active components that are known to deeply creep into the skin, and lessen down the internal inflammation as well as provide deep pain relief. It has a power packed formula…

28 Jul

Amazon launches Spotlight North East storefront

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Amazon India launched the Spotlight North East storefront on its marketplace. This storefront will bring together a range of unique local products and hidden gems from the region and showcase them to millions of Amazon customers across India. Inaugurated in a virtual event by Dr Jitendra Singh, Minister of State in the Prime Minister’s Office, the storefront launch comes close on the heels of the announcement of the Spotlight North East program at Amazon Smbhav in April 2021. The North-East Indian region is known for its unique GI products. Amazon will enable participation of artisans and weavers from the region…

28 Jul

SHARP enhances A4 color line-up with a new MFP

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SHARP Business Systems (India) Private Limited, a wholly owned Indian subsidiary of SHARP Corporation Japan, launched a new compact color multifunction printer, as a part of its A4 color line-up, available in the market. The new A4 MFP 'MX-C357F' offers a host of productivity functions, best-in-class security enhancements, and an intuitive user interface that delivers the productivity, performance, and reliability needed for new-age work environments. High speed and affordable 4-in-1 MFP with range of advanced performance and security features, MX-C357F is specially designed for Customers to improve the productivity and efficiency, where space is a premium. With MX-C357F, sharp has…

27 Jul

Children can get Covid vaccine from August , said Health Minister Mansukh Mandaviya

editor0 CommentsBusiness, Covid-19, Health, Indiacovid vaccine, Mansukh Mandaviya

On Tuesday, Union Health Minister Mansukh Mandaviya said the Covid-19 vaccine for children is expected to be launched in the country from August. Last week, All India Institute of Medical Sciences (AIIMS) director Dr Randeep Guleria said the trials for covaxin were underway and the results were expected by September. But curently Covaxin trials are underway on children aged 2-6 years in Delhi AIIMS. Mandaviya also said that India is soon going to be largest vaccine-producing country as more companies will get the production licence. On June 7, Delhi AIIMS started screening children between the age of 2 to 17 for…

27 Jul

Vedanta’s net profit zooms to Rs 4,280 cr for Q1FY22

editor0 CommentsBusiness, IndiaBusiness

Vedanta’s consolidated net profit for the quarter ended June 30 of the current financial year (2021-22) rose exponentially on a year-on-year basis. After taxes, the consolidated net profit of the natural resources company, non-controlling interests, and share in the profit of jointly controlled entities and associates but before exceptional items rose to Rs 4,280 crore. Besides, the profits attributable to owners of Vedanta rose to Rs 4,224 crore from Rs 1,033 crore reported for Q1FY21. Vedanta had reported Rs 1,033 crore during the same period of the previous financial year. The company’s Net Debt also came down to Rs 20,261…

27 Jul

Atul Auto partners with CSC Grameen eStore

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Atul Auto Limited is the first amongst leading 3 wheeler OEMs to partner with CSC Grameen eStore, an e-commerce initiative by CSC eGovernance Services India Ltd to promote digital ordering and delivery in rural areas. As a part of the partnership, the automaker's product range will be listed on CSC Grameen eStore and made available to potential customers in hinterlands and deep rural areas through aspirational VLEs (village level entrepreneurs). The joint digital launch was done by Dr. Dinesh Tyagi, MD-CSC SPV, Shri Raja Kishore, COO - CSC Grameen eStore, Mr. Niraj Chandra, Director, Atul Auto Ltd, and Mr. Pushkar…

27 Jul

Asian Granito on a strong growth momentum

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Asian Granito India Limited (AGIL), one of India's leading tiles companies is aiming to continue the strong growth momentum in the FY 22. Strategic growth initiatives, operational efficiencies, financial prudence, geographical and product expansion along with low capex and asset light model for expansion are likely to drive the growth in the revenue and margins for the current financial year. Company has recently announced a rights issue of Rs. 225-crore, proceeds of the issue to be utilised to reduce debt and for expansion purpose. For the Q4FY21, company posted healthy 68% growth in the net sales, 100% growth in EBITDA…

27 Jul

Axis Bank buys 5.55 pc stake in fintech firm IBBIC

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Axis Bank said it has bought 5.55 per cent stake in financial technology firm IBBIC. The bank has subscribed to 50,000 equity shares of face value of Rs 10 each fully paid up of IBBIC Private Ltd (IBBIC) for a consideration of Rs 10 per equity share constituting 5.55 per cent of the issued and paid-up capital of IBBIC, Axis Bank said in a regulatory filing. Incorporated in May this year, IBBIC platform offers distributed ledger technology (DLT) solutions to the Indian financial services sector. “Equity ownership of IBBIC is aimed at providing DLT solutions for the financial services sector,”…

27 Jul

Vi Announces a new campaign

editor0 CommentsBusinessBusiness, TECHNOLOGY

Leading telecom services provider, Vi, has unveiled a new campaign focusing on Vi Hero Unlimited plans. The campaign that features popular actor Vinay Pathak as the protagonist, presents Vi Hero Unlimited plans as the solution to the perpetual problem of data quota exhaustion faced by prepaid users. The campaign highlights the 3 features that Vi Hero Unlimited plans offer - Weekend Data Rollover, Night Time Free Data from 12am to 6am and Double Data, all under one umbrella. Thus, assuring a worry free mobile internet experience for customers. Vi Hero Unlimited campaign seeks to drive home the unlimited possibilities for…

26 Jul

By 2025, Covid will have cost world between $16 tn and $35 tn

editor0 CommentsBusiness, Covid-19, India, worldCovid-19, Lockdown

By 2025, Covid-19 will have cost the world between $16 trillion and $35 trillion, as per McKinsey. The world is unlikely to ever reach global herd immunity, but it can contain the virus with a combination of vaccines, improved testing, and smarter quarantining, based on known outbreaks, rather than large, blunt lockdowns, McKinsey said in a report. Obstacles to worldwide vaccination remain huge: while 49.6 per cent of inhabitants of high-income countries had received at least one dose of the vaccine as of July 14, only 1 per cent of those in low-income countries had. In the next two decades,…