Business - The Purbottar

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.…

11 Apr

Mahindra& Mahindra invest 3000 crore on Electric Vehicles

editor0 CommentsBusinessbatteryvehicles, electronicvehicles, mahindra, Mahindra&mahindra, mahindravehicle

Mahindra & Mahindra Ltd is all set to make an investment of Rs. 3000 crore on its electric vehicles business in the next three years, according to the top company official. The company already starts its electronic technologies plant in Bengaluru with the goal of putting 5 lakh electric vehicles on Indian Roads by 2025, for which it invests 1,700 crores with another 500 crores on a new research and development centre in India. Mahindra Group Managing Director and CEO Anish Shah told, for EVs we are going to invest Rs. 3000 crore additional and it will be utilised on…

10 Apr

Amazon cumulatively digitized 2.5mn MSMEs

editor0 CommentsBusinessAmazon, msme

Amazon India has digitized 2.5 million MSMEs, enabled cumulative exports worth $3 billion and helped create nearly 1 million jobs in India till date. Last year at the inaugural Sambhav Summit, Amazon had announced an investment of $1 billion to digitally enable 10 million MSMEs, enable ecommerce exports worth $10 billion and create 1 million additional jobs in India between 2020 and2025. The company is on track to fulfill these commitments. Amit Agarwal, Global Senior Vice-President and Country Head of Amazon India, said,“As the world around us is more digital than ever with the internet and technology becoming an integral…

09 Apr

Home sales increase 12% in Jan-March quarter

editor0 CommentsBusinessproptiger.com, Real Insight – Q1CY21

Various measures taken by the government at the centre as well as by several state governments to boost buyer confidence have started to show positive outcomes, with home sales in India’s eight prime residential markets showing a quarterly increase of 12% in the January-March quarter (Q1) of CY(calendar year)2021 compared to Oct-Dec quarter of 2020, shows a recent report by online property brokerage firm PropTiger.com. According to ‘Real Insight – Q1CY21’, builders sold a total of 66,176 homes in the primary market in the January-March quarter of 2021, a time marked with several state governments, including Maharashtra and Delhi, announcing stamp duty and…

08 Apr

Vi offers end-to-end Integrated IoT Solutions

editor0 CommentsBusinessVodafone Idea Limited

Vi Business, the enterprise arm of Vodafone Idea Limited (VIL), has strengthened its IoT portfolio with the launch of Integrated IoT solutions for enterprises. With this industry first initiative, VIL has become the only telecom company in India to offer a secure end-to-end IoT solution offering that comprises connectivity, hardware, network, application, analytics, security and support. With Vi Integrated IoT solutions, the telco will adopt a consulting-led engagement to support businesses in identifying their needs, design and develop the right IoT solution and implementation. Vi is the largest IoT player in India. With this launch, it has strengthened its portfolio…