Business - The Purbottar

20 May

Vi special offer: Benefits worth up to Rs. 2,940mn

editor0 CommentsBusinessvi

Vi, India’s leading telecom operator, came out with a special Covid-19 relief offers for its 60 million low-income customers. It will help them stay connected at all times during the ongoing second wave of the pandemic. As a special relief offer, Vi will provide Rs. 49 pack Free to over 60 million low income customers due to the current situation. The pack offers talktime of Rs. 38 and 100 MB data with a validity of 28 days. With this Vi is hopeful of enabling its customers to stay connected safely, and have access to all necessary information in these challenging…

19 May

140% increase in the Fertiliser Subsidy For Farmers, PM’s Office Says “Historic Decision”

editor0 CommentsBusinessDAP, farmers, Narendra Modi

To offset the price rise in international market, the Centre will offer 140% increase in subsidy on fertilisers, said Prime Minister Narendra Modi's office. The government will spend an additional ₹ 14,775 crore towards this subsidy. The PM's office said in a statement, "Prime Minster Narendra Modi said farmers should get fertilisers at old rates despite the international price rise... The welfare of farmers is at the core of government's efforts." Farmers will get a subsidy of ₹ 1,200 per bag of fertiliser instead of the current ₹ 500. Also the farmers will continue to get a bag of Di-ammonium Phosphate for ₹ 1,200. The decision on…

19 May

Moglix raises $120 million

editor0 CommentsBusinessFalcon Edge Capital, Harvard Management Company, Moglix

Moglix has reached an important milestone by becoming the first industrial B2B commerce platform, in the manufacturing space, to become a unicorn. The company is said to be valued at $1 billion in its latest $120 million Series E funding round. The latest investment was led by Falcon Edge Capital and Harvard Management Company (HMC). This round of funding also saw participation from its existing investors, Tiger Global, Sequoia Capital India and Venture Highway. Moglix is India’s largest and fastest growing B2B commerce platform in the industrial & MRO procurement space. The Company is building an operating system for manufacturing…

19 May

Adani Green buys SB Energy from Softbank and Bharti

editor0 CommentsBusinessAdanigroup, Bharti, Japan, Softbank

Adani Green Energy Ltd. (AGEL) acquiring SB Energy India from Softbank of Japan and India’s Bharti Group to add 4,954 MW to its renewable power portfolio. The transaction values SB Energy India at an enterprise valuation of approximately $3.5 billion. The target portfolio consists of large-scale utility assets with 84 per cent solar capacity (4,180 MW), 9 per cent wind-solar hybrid capacity (450 MW) and 7 per cent wind capacity (324 MW). All projects have 25-year power purchase agreements with sovereign rated counterparties such as Solar Energy Corporation of India Ltd. (SECI), NTPC Limited and NHPC Limited. According to the…

17 May

Mahindra’s new initiative – M-Protect Covid plan

editor0 CommentsBusinessCovid-19, M-PROTECT COVID PLAN, mahindra, Mahindra & Mahindra’s Farm Equipment Sector, Mahindra Loan Suraksha

Mahindra & Mahindra’s Farm Equipment Sector, a part of the Mahindra Group has launched a new customer centric initiative committed to support Indian farmers in these testing times - ‘M–Protect Covid Plan’. Under the M–Protect Covid Plan, Mahindra will provide customers – (a) A health cover of Rs 1-lakh through a unique COVID Mediclaim policy, (b) Financial support by providing pre-approved loans to support medical expenses incurred during COVID-19 treatment and (c) Insurance of customers’ loan under ‘Mahindra Loan Suraksha’ in case of loss of life. For over 3 decades, Mahindra has been India’s undisputed No. 1 tractor brand and…

17 May

Continuous rise in Petrol and Diesel price

editor0 CommentsBusiness@petrol price, #diesel price, #fuel price, #fuelprice, #petrolium

In this pandemic situation the price of petrol and diesel raised again. Among major metros, Mumbai has the highest fuel rates. While petrol is sold at ₹98.88 per litre ( which is nearly ₹100.00) in the financial capital of India on Sunday, diesel is sold at ₹90.40 a litre. Even as fuel rates in Delhi are taken as the benchmark for the entire country, retail prices of these two fuels differ from place to place because of variations in state freight charges, local taxes, VAT and other local levies. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and…

16 May

Dhani starts distribution of free Covid Care medicines

editor0 CommentsBusinesscovid, DHANI, Ministry of Health & Family Welfare

Dhani app has started distribution of 25-Lakh free Covid Care health kits worth Rs. 90-crore that will benefit 50-Lakh adults. Each COVID Care Health kit has preventive medicines for 2 persons. Dhani is a digital app based business of healthcare by the Indiabulls Group. This kit has been packaged as per the recommendation by the Ministry of Health & Family Welfare and will be helpful in the initial preventive care of Covid 19. The kit consists of a monthly course of medicines that help boost one's immunity through Vitamin C, Vitamin D3, Zinc and Paracetamol in case of fever or…

16 May

#NeverAloneSummit

editor0 CommentsBusinessChopra Foundation, HINDUJA FOUNDATION

The philanthropic arm of Hinduja Group, the Hinduja Foundation is making its foray into the field of mental health and well-being. The Foundation, in association with the Chopra Foundation, the John W Brick Mental Health Foundation, and CG Creatives, will be co-sponsoring a three-hour segment, Spotlight India, within the Never Alone Global Mental Health (Virtual) Summit. This virtual Summit will be streamed live on Facebook, YouTube, and other media platforms on 21 May and participants can access free online tools to support their mental health and well-being through https://neveralonesummit.live/. The segment will be curated by Satya Hinduja’s Alchemic Sonic Environment…

15 May

Airtel Payments Bank launches DigiGold – a digital platform for customers to make investments in gold

editor0 CommentsBusiness, Technologyairtel, Business, DigiGold, INDIA, TECHNOLOGY

As part of its growing bouquet of digital services, Airtel Payments Bank today launched DigiGold in partnership with SafeGold - the leading provider of digital gold. With DigiGold, Airtel Payments Bank’s savings account customers can invest in 24K gold using the Airtel Thanks app. Customers can also gift DigiGold to their family and friends, who have a savings account with Airtel Payments Bank. The gold purchased by customers is stored securely by SafeGold at no additional cost and can be sold through Airtel Thanks app at any time in a matter of few clicks. There is no minimum investment…

14 May

Delhi govt seeks help from Serum Institute mentioning the non-availability of vaccines

editor0 CommentsBusiness, HealthCovid-19, Delhi, Health, INDIA, Serum Institute, Vaccine

Delhi government has written to Pune-based Serum Institute of India to "come to its rescue", adding it has a week's stock of Covishield for 18-44 years. The letter further mentioned that vaccination centres will have to be shut down due to the non-availability of vaccines. This letter came after Hyderabad-based Bharat Biotech stated it cannot supply more vaccine doses to Delhi. The Serum Institute replied to this and said that they are doing their best to meet countrywide vaccine requirements. "We rely on your support for provision of sufficient quantities of vaccine in a time-bound manner. Delhi has a limited…