Business - The Purbottar

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…

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…