Business - The Purbottar

27 May

Countries to approach tourism post-pandemic: Here are the Countries that are set to reopen

editor0 CommentsBusiness, Health, TravelBusiness, Covid-19, Health, international, tourism, travel

The rollout of vaccines against COVID-19 is giving government officials in many countries new confidence to welcome visitors. The World Travel & Tourism Council estimates that the sector lost nearly $4.5 trillion and 62 million jobs last year. Airlines alone lost $126 billion last year and are on track to lose another $48 billion this year, according to their largest trade group. “Summer is a strong season for most markets, particularly Europe and the U.K. We really hope to see restrictions ease,” said Virginia Messina, interim leader of the World Travel & Tourism Council. The patchwork of rules around the…

27 May

Fugitive Mehul Choksi captured in Dominica

editor0 CommentsBusinessantigua, Business, crime, dominica, INDIA, Mehul Choksi

Mehul Choksi’s arrest in Dominica has brought relief to the family, his lawyer Vijay Aggarwal said Thursday. Vijay said the family was relieved the fugitive diamond trader was safe. “Efforts are on to speak to him so that we can know how he was taken to Dominica,” He added Choksi had been missing from his home in Antigua and Barbuda, the Caribbean nation of which he has been a citizen since early 2018. According to sources, Choksi was caught by the local police of Dominica on Wednesday night while trying to flee to Cuba in a boat. Sources said the…

26 May

WhatsApp sues Indian govt, says new media rules mean end to privacy

editor0 CommentsBusiness, TechnologywhatsApp policy

WhatsApp has filed a lawsuit in the Delhi High Court against the government's new digital rules that take effect today, saying these would compel it to break privacy protections to users.The Facebook-owned messaging service filed its petition on Tuesday against the rules that will require it to "trace" the origin of messages sent on the service, which is says is a violation of privacy. "Requiring messaging apps to 'trace' chats is the equivalent of asking us to keep a fingerprint of every single message sent on WhatsApp, which would break end-to-end encryption and fundamentally undermines people's right to privacy," WhatsApp,…

26 May

Amway organizes virtual sessions encouraging healthier life

editor0 CommentsBusiness, HealthAmway India, World Asthma Day, World Health Day, World Laughter Day

Amway India, one of the country’s leading FMCG Direct Selling Companies, kick started the awareness campaign to encourage ‘Health and Hygiene’ practices. Consistently promoting healthy living with a clear focus on supporting immunity through nutrition, Amway took this initiative. The campaign, launched on Amway’s 23rd anniversary in India, aims at spreading awareness on how the right nutrition can help in building a healthy lifestyle. The campaign is being supported through a series of virtual sessions with panels of doctors and nutrition experts. Under the campaign, the doctors and nutrition experts are joining in to provide pertinent information relevant to the…

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…