Business

Rise in palm oil prices may be leading to rise in Chocolate prices
13 May

Rise in palm oil prices may be leading to rise in Chocolate prices

editor0 CommentsBusiness, Health, ,
The meteoric rise in palm oil prices is poised to inflate costs for everyone from restaurants to confectionery and cosmetic manufacturers, and could potentially change consumption patterns. The world’s most consumed edible oil has surged more than 120% in the past year and burst through 4,500 ringgit ($1,091) a ton to a record on Wednesday. The tropical oil, which is found in products as diverse as chocolate, pastries, soaps, lipstick and biofuel, and is widely used in Asian restaurants, has been swept up in the global commodity rally as farm crops soar on weather worries and China’s crop-buying spree. Palm…
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Blue Dart forms Blue Dart Med-Express Consortium
13 May

Blue Dart forms Blue Dart Med-Express Consortium

editor0 CommentsBusiness, ,
Blue Dart, India’s leading express logistics service provider and part of the Deutsche Post DHL Group (DPDHL) formed Blue Dart Med-Express Consortium with the mission of revolutionizing the delivery of vaccines and emergency medical supplies to the remotest parts of India with Drones. Blue Dart Med-Express Consortium is part of the ‘Medicine from the Sky’ project in collaboration with the Government of Telangana, World Economic Forum, Niti Aayog and Healthnet Global. Balfour Manuel, Managing Director, Blue Dart .The Ministry of Civil Aviation has granted the project with necessary exemptions and rights to fly drone flights on an experimental basis in…
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13 May

Zydus Cadila to sell its India animal health business for Rs 2,921 crore

editor0 CommentsBusiness, , , ,
Zydus Cadila on Wednesday annou­nced ZAHL has entered into a business transfer agreement and transfer its animal healthcare unit to the Multiples-led consortium. The deal is to sell one of the two business undertakings of ZAHL on a going concern basis, for Rs 2,921 crore on a cash free and debt free basis, subject to certain closing date adjustments and other conditions. Pankaj Patel, chairman of Cadila Healthcare Ltd said, “Over the last three decades, Zydus AH has grown to become a pioneer and market leader in the Indian animal health industry. With Multiples and its consortium partners committed to…
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Toyota Kirloskar Motor increases sales
13 May

Toyota Kirloskar Motor increases sales

editor0 CommentsBusiness
Toyota Kirloskar Motor (TKM) revealed that its initiatives to enhance customer experience have contributed to a rise in sales contribution from the Northeast Region. The company also reiterated on the growing significance of the region in its customer outreach programs focused at making TKM’s world-class products and services increasingly accessible to a wider customer base. In accordance with its customer-first philosophy, TKM has been rolling out measures to enhance the experience at every stage of the customer lifecycle from pre-sales to after-sales. To provide easy access to its world-class products, TKM had unveiled its first regional stockyard in the country…
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‘State of Healthcare in India’ report by Housing.com
12 May

‘State of Healthcare in India’ report by Housing.com

editor0 CommentsBusiness, Health,
Kolkata lags in terms of delivery of health care services, sanitation and solid waste management compared to other cities, shows a recent report by leading online real estate firm Housing.com, titled “State of Healthcare in India: Indian cities through the lens of healthcare”. The city of joy has been ranked at the 7th spot on ‘Housing.com City Health Card’, which is a part of the report by the Elara Technologies-owned company. According to the report, Kolkata, which currently has a 15.7 million population, has 2 beds per 1,000 people, including private and government hospital beds and the additional beds currently…
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Reliance Jio adds more customers than Airtel in February
12 May

Reliance Jio adds more customers than Airtel in February

editor0 CommentsBusiness, , ,
Mukesh Ambani-led Reliance Jio has added more mobile phone customers than Bharti Airtel in February 2021, bucking a trend of losing to the Sunil Bharti Mittal-led telco for six straight months. Jio gained 4.26 million wireless subscribers compared with Airtel’s 3.73 million in February, data released by Telecom Regulatory Authority of India (Trai) on Tuesday shows. In the month of January, Jio had added 1.9 million users while Airtel had added 5.8 million users. After February's addition, Jio's mobile user base rose to 414.9 million while for Airtel it stood at 348.3 million. Experts say the strong market momentum in…
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Assam’s JSB Infrastructures wins big at 13th REALTY+ Conclave & Excellence Awards
12 May

Assam’s JSB Infrastructures wins big at 13th REALTY+ Conclave & Excellence Awards

editor0 CommentsAssam, Business, , ,
JSB Infrastructures, a pioneering real estate group from Dibrugarh with several residential projects under its belt, announced today that they have been honoured with three prestigious awards in the 13th REALTY+ Conclave & Excellence Awards | EAST 2021. JSB Infrastructures has won the Developer of the Year– Residential (Non Metro), Emerging Developer of the Year – Non Metro and Budget Housing Project of the Year - Non Metro for its project JSB Angan, Dibrugarh. Speaking about this achievement, Nikunj Harlalka, Managing Partner, JSB Infrastructures, said, “We are thrilled that our efforts in the JSB Angan project  have been recognized by…
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12 May

WhatsApp’s new terms and privacy policy will be updated from 15th May

editor0 CommentsBusiness, Entertainment, , ,
Within just 3 days WhatsApp’s new terms and privacy policy will be updated. Starting on May 15, the popular instant messaging app will change its privacy policy to gather more information about its users, including things like your time zone, IP address, location, and even information about what type of device you are using. In January of 2021, WhatsApp announced that it would update its privacy policy and share your info with Facebook and other Facebook companies, but due to mass confusion, the company decided to give users a few weeks to make a choice. Now, what happened if you don’t agree…
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11 May

Bharat Biotech has been supplying Covaxin directly to 14 states

editor0 CommentsAssam, Business, Health, , ,
Bharat Biotech, Hyderabad based vaccine manufacturer has been supplying its COVID-19 vaccine ‘Covaxin’ directly to 14 states beginning May 1. In a tweet joint managing director of Bharat Biotech Suchitra Ella said, “Glad to announce that Bharat Biotech confirms direct supply of COVAXIN to some state government since 1st May 2021, based on the allocation received by the GoI”. Here the 14 state includes Andhra Pradesh, Assam, Chhattisgarh, Gujarat, Jammu & Kashmir, Jharkhand, Madhva Pradesh, Odhisha, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal.  Previously the vaccine was distributed only for those above 45 years and all the frontline warriors…
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Nivesh bags Rs. 12-Cr funding from IAN Fund
10 May

Nivesh bags Rs. 12-Cr funding from IAN Fund

editor0 CommentsBusiness, , ,
A fintech startup, Nivesh.com is a mobile-first digital platform helping distributors of mutual funds and other financial products to deepen their penetration in the country. The platform enables distributors to expand their businesses and bring in new clients, who can now be serviced for different AMCs and hence experience improved portfolio performance. Nivesh has raised $1.6 Million led by IAN Fund. The round also saw participation from other co-investors including angel investors from Indian Angel Network, LV Angel Fund as well as other angel investors. The expansion will focus on technology enhancement by bringing in automation where customers will be…
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