Business - The Purbottar

19 Apr

Hong Kong bans passenger flights from India, again

editor0 CommentsBusiness, HealthCovid-19, Hong Kong, INDIA

The Hong Kong government late Sunday activated an “emergency circuit breaker” and has banned passenger flights from india for 14 days starting April 20 over concerns of the mutated coronavirus variant being transmitted from here. Other than India, the city administration has also prohibited flights from Pakistan and the Philippines Hong Kong has become the second jurisdiction to restrict travellers from India after New Zealand suspended entry of travellers from here earlier this month. Why has Hong Kong banned flights from India, Pakistan and the Philippines? A spokesman for the Hong Kong government said late Sunday in a statement that confirmed cases…

19 Apr

Vi T20 Dekho bhi, Khelo bhi, Jeeto bhi

editor0 CommentsBusinessIPL, UGET2021, vi

Vi, the Associate Media Sponsor of Vivo IPL 2021 and India’s leading telecom brand, has announced a rewarding initiative based on the popular game concept ‘Play Along’ i.e. play while its customers can watch the live T20 league. Here one can play solo or with friends every day for next 52 days, 60 matches and win loads of rewards. Vi is offering its customers an opportunity to participate in the ‘Vi Dekho bhi, Khelo bhi, Jeeto bhi’ online gaming initiative and win daily prizes as well as bumper tournament prize, from 9 April to 30 May. This announcement comes after…

17 Apr

Vadilal eyes Rs. 800-cr in ice cream sales

editor0 CommentsBusinessAakanksha Gandhi, VADILAL

Iconic ice cream brand Vadilal is eyeing more than 20% growth in ice cream sales from the pre-pandemic levels.“Vadilal had reported ice cream sales of Rs. 650-crore in 2019-20, the year before the pandemic struck, and is expecting to touch Rs. 800-crore this financial year”, said Aakanksha Gandhi, Brand Director at Vadilal, at the virtual launch of the ‘Waah!Vadilal!’campaign. Aakanksha, the third generation of Vadilal promoter Gandhi family, said,“Vadilal, a brand legacy, strongly associated with the greatest range of ice creams that it offers to its consumers with the finest ingredients, exclusive flavours and impeccable taste. Vadilal has launched premium…

17 Apr

New Holland’s 20 years of 3230 tractor

editor0 CommentsBusinessCNH Industrial NV, NEW HOLLAND AGRICULURE

New Holland Agriculture, a brand of CNH Industrial NV is celebrating the successful 20th anniversary of its popular 3230 tractor model.Since the 3230’s launch in 2001, New Holland has successfully expanded the model’s legacy with variants such as the 3230 Nx, 3230 Tx and 3230 Tx Super during its two decades in production. New Holland’s 3230 was the first model to integrate notable new features such as Lift-O-Matic, Side Shift Constant Mesh AFD Gear Box, Real Oil Immersed Multidisc Brakes (OIB), Softek clutch, Economy PTO and others. Its powerful engine has established a reputation for reliability and longevity. Since production…

15 Apr

Amit Shah’s remarks “create misunderstanding” says Bangladesh Foreign Minister

editor0 CommentsBusiness, Healthamit shah, bangladesh, INDIA, POLITICS

Responding to Union Home Minister Amit Shah’s comments that the poor people of Bangladesh come to India as they don’t have enough to eat in their own country, Bangladesh foreign minister A K Abdul Momen on Wednesday said that the minister’s knowledge of Bangladesh is “limited”. He also said such remarks are “unacceptable especially when relations between Bangladesh and India are so deep. Such remarks create misunderstanding.” Momen’s remarks came on Tuesday night when he was asked about Shah’s comments published in the Indian media. In comments to Bangladesh’s leading Bengali daily, Prothom Alo, the Bangladeshi minister said, “Prithibi-te onek…

14 Apr

Russia describes India as ‘trusted partner’ also says they have ‘limited cooperation’ with Pakistan

editor0 CommentsBusinessINDIA, PAKISTAN, POLITICS, Russia, world

Describing India as a “trusted partner”, Russia on Wednesday said there were no divergences or misunderstandings between the two countries and that it has “limited cooperation” with Pakistan based on “independent” relations. Deputy Chief of the Russian mission Roman Babushkin also welcomed the recent commitment by India and Pakistan to follow the 2003 ceasefire on the Line of Control and said these are “very important steps” for regional stability. At a joint media briefing with Babushkin, Russian ambassador Nikolay Kudashev criticised the Indo-Pacific strategy by the western countries describing it as “dangerous” and an effort to revive the cold war mentality. Babushkin…

14 Apr

OIL-NRL partnership: A synergy for mutual growth and energy security

editor0 CommentsAssam, Business, North EastAssam, Business, INDIA, OIL-NRL

25th March, 2021 was a historic day for the stakeholders of NRL and OIL, and the employees and their families of these two great Organizations. On this day, Share Purchase Agreement (SPA) was signed between BPCL and consortium of OIL & EIL for sale of 43.05 crore shares in NRL to the consortium at a consideration of Rs.9,375.96 crore. EIL paid Rs.700 crore for 3.21 crore shares while OIL bought 39.84 crore shares for Rs. 8,675.96 crore. The remaining 2.29 crore equity shares held by BPCL have been purchased by Government of Assam for Rs. 500.00 crore. With these transactions,…

13 Apr

New York stock exchange removed Adani ports from its index

editor0 CommentsBusinessAdanigroup, Adanigroup port, Mynmar, Stockexchange

New York-based stock exchange S&P index removed Adani ports from its index due to their business links with the Myanmar military. In this context S&P, Dow Jones Indices said in a statement that it is removing India's Adani Ports and Special Economic Zone Ltd from its sustainability index due to the firm's business relation with Myanmar's military which is accused of human rights abuses after a coup this year. This decision came in to effect after a report which indicates that Adani Group, India's largest private multi-port operators had paid $30 million (around Rs. 225 crores) to Myanmar Economic Corporation…

12 Apr

India Coronavirus Cases Update: 1,68,912 new cases as active cases cross 12 lakh-mark

editor0 CommentsBusiness, HealthCovid-19, Health, INDIA

India recorded 1,68,912 new Covid-19 cases in the last 24 hours, the sixth record rise in seven days, pushing the country’s caseload to over 1.35 crore. The active cases have surpassed the 12-lakh mark, while the death toll increased to 1,70,179 with 904 daily new fatalities, the highest since October 18, the data updated at 8 am on Monday by the Union Health Ministry showed. Registering a steady increase for the 33rd day in row, the active cases have increased to 12,01,009 comprising 8.88 per cent of the total infections, while the recovery rate has further dropped to 89.86 per cent. Kumbh…

12 Apr

SBIGI ties up with Uttarbanga Kshetriya Gramin Bank

editor0 CommentsBusinesssbi, sbi general insurance, UttarbangaKshetriyaGramin Bank

SBI General Insurance, one of the leading General Insurance companies in India and UttarbangaKshetriyaGramin Bank, one of the key Banks in North Bengal, signed a Corporate Agency Agreement recently. This association will enable distribution of SBI General’s retail products through Uttarbanga Kshetriya Gramin Bank’s extensive network in the state of West Bengal.Under this strategic tie-up agreement, SBI General Insurance will offer a comprehensive range of general insurance products. Mr. Samir Chhabra, Head - Bancassurance, SBI General Insurance said, “Our alliance with UttarbangaKshetriyaGramin Bank is an important milestone in our journey to further strengthen our distribution of products and clientele in the region.…