Business - The Purbottar

26 May

Lincoln Pharmaceuticals reports 28.33% rise net profit

editor0 CommentsBusinessEBITDA, Lincoln Pharmaceuticals Ltd, Q4FY21

Lincoln Pharmaceuticals Limited has reported net profit of Rs. 11.85-crore in Q4FY21 as against net profit of Rs. 9.23-crore in the corresponding period last year, growth of 28.33%. Net revenue from operations in Q4FY21 was reported at Rs. 77.54-crore, higher by 3.03% over previous fiscal’s same period net revenue from operations of Rs. 75.26-crore. Company reported EBITDA of Rs. 16.74-crore in Q4FY21, rise of 28.25% as compared to Rs. 13.05-crore in the corresponding period last year. EPS for Q4FY21 was at Rs. 5.92 per share as compared to Rs. 4.62 in the corresponding period last year. Company has recommended dividend…

25 May

Petrol-Diesel prices increase across the country

editor0 CommentsBusiness#fuelprice

The oil marketing companies (OMC) hiked petrol and diesel prices on Tuesday across the country. Petrol price was increased by 23 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailers. After today’s hike, petrol prices in Delhi rose to Rs 93.44 per litre against Rs 93.21 on Monday, while diesel price soared to Rs 84.32 per litre as compared to Rs 84.07 a litre on Monday. Rates had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, the price in…

24 May

SBI(State Bank of India) share price soars over 4%, top Sensex gainer right this moment; up to 50% rally expected after Q4 results

editor0 CommentsBusiness

State Bank of India (SBI) share price rose as much as 4.4 per cent to Rs 418.90 apiece on BSE, after the bank on Friday reported an 80 per cent surge in net profit in the fourth quarter ended March 2021. The stock price was near its record high of Rs 426.45 apiece, touched on February 18, 2021. In traded volume terms, 20.84 lakh shares have traded on the BSE so far in the intraday. While over 6 crore units of State Bank of India have exchanged hands on the NSE. Most of the brokerages are bullish on SBI share…

24 May

SURYA CEMENT CUSTOMER GETS 1 LAKH RUPEES AS KAUN BANEGA LAKHPATI SCHEME REWARD

editor0 CommentsBusiness, North Bengal, North EastBusiness, INDIA, NORTHEAST, Noth Bengal, Surya Cement

Surya Cement, one of the preferred and leading brands of North East India’s building material industry in its endeavor to create delight for customers and lift the spirits during this monsoon season amidst the corona pandemic, has announced an exciting offer – KAUN BANEGA LAKHPATI for the buyers of its products. Under KAUN BANEGA LAKHPATI offer, Surya Cement is giving a chance to its customers to win assured gift of Rs. 5 to Rs. 5 Lakhs. Adil Sarkar from Nagaon, a customer of Surya Gold Cement has bagged a lucky bounty of INR 1 lakh under the KAUN BANEGA LAKHPATI promotional scheme and has emerged as…

22 May

CNH Industrial to support employees during pandemic

editor0 CommentsBusinessApollo Hospital, CNH Industrial, Covid-19, Raunak Varma

CNH Industrial which produces agricultural equipment and construction equipment has undertaken a host of preventive measures to combat COVID-19 along with daily regular sanitization at all their facilities. Besides these regular precautionary procedures, CNH Industrial has undertaken additional measures to safeguard the health and safety of employees. Some of the additional measures undertaken by CNH Industrial include: (1) Insurance for employees and their immediate families for COVID infection, (2) Tie up with Apollo Hospitals, (3) Dedicated task force, (4) Sourcing Oxygen Concentrators from their global counterparts in China and Italy, (5) Maintaining 50% attendance norms, (6) Heads of Departments keep…

22 May

RBI to transfer payout of Rs 99,122 crore to the government

editor0 CommentsBusinessCentre Government, RBI

The Reserve Bank of India has announced that it will transfer Rs 99,122 crore as surplus to the Centre for the nine months ended March 31, 2021. The central bank, which has followed a July-June accounting year, is transitioning to an April-March accounting year from this fiscal. The surplus is 73.5 per cent higher than the Rs 57,128 crore payout last year. But it works out to an increase of 131.34 per cent over a proportionate payout of Rs 42,846 crore in the nine-month period of the previous year. The amount being transferred is the highest since 2018-19 when the…

22 May

Air India has said a cyber-attack on its data servers affected about 4.5 million customers

editor0 CommentsBusinessAir india, airkine, cyber attack, sita

India's national airline Air India has said a cyber-attack on its data servers affected about 4.5 million customers around the world but the compromised servers were later secured, the Indian state-run carrier said in a statement. In its notification to the affected passengers, the airline said that the cyber-attack that compromised the data of millions of passengers from across the world involved personal data registered between August 26, 2011 and February 20, 2021. It said the breached data included the passenger’s name, date of birth, contact information, passport information, ticket information, frequent flyer data and credit card information. It asked…

22 May

Why Microsoft is killing Internet Explorer and what will be its future Edge

editor0 CommentsBusiness, Technology

Microsoft is bidding goodbye to Internet Explorer after 26 long years. For a web browser that was once market leader and then one of the holy trinity along with Google Chrome and Mozilla Firefox, it might seem like the end of an era. But the fact is that Internet Explorer’s time had come long ago. Microsoft recently opened up a little about the transition to Internet Explorer-free Windows 10 experience and revealed that Chromium Edge is the future of Internet Explorer on the operating system. After the announcement, changes have already begun to appear in the preview builds of Windows…

21 May

Bosch Group plans to invest euro 1 billion in fuel-cell technology

editor0 CommentsBusinessbosch, global supplier of technology and services

Bosch Group, a global supplier of technology and services, plans to invest euro 1 billion in fuel-cell technology from 2021 to 2024. Fuel cells convert hydrogen into electricity, and Bosch is developing both stationary and mobile fuel-cell solutions. The company will make an upfront investment of 5 billion euros in electromobility with an euro 700 million investment in 2021 alone. In India, Bosch has made significant investments in electrification and local solution development in three broad categories, said Guruprasad Mudlapur, chief technology officer, Bosch. “We are developing battery systems and electric mobility solutions in the lower voltage category of 48 volts…

20 May

Darjeeling tea: More efforts needed to build global reputation

editor0 CommentsBusinessDarjeeling tea, Drip Capital Inc, Indian tea

Drip Capital Inc has recently released a report examining tea trade across different regions of India. The report speaks in-depth about the dynamics of the tea sector. Drip Capital’s research indicates that West Bengal exported US $173 Mn worth Indian tea in FY 2019-20. It has also been observed that the tea exports from this region have been growing at a CAGR of 10% over the past five years. Indian tea is of premium quality and will always be in demand. But the report indicates that the tea industry hasn’t invested enough to build a brand image and neglects to…