Business - The Purbottar

03 Feb

Meta partners with FICCI

editor0 CommentsBusiness, Indiaficci, Meta

Meta, under its #SheMeansBusiness program has partnered with FICCI’s ‘Empowering the Greater 50%’ to enable and support 5 lakh women-led small businesses across India. The announcement was made during Meta’s inaugural National Women Entrepreneurship Summit to encourage industry dialogue and steps to support the MSMEs across sectors. Access to capital and relevant digital tools remain the leading issues faced by women led businesses. Out of over 63 million small businesses in India, approximately 20% are owned by women highlighting the need to bring more gender equality. Together with FICCI, Meta will address the barrier to access right digital tools and…

03 Feb

Tata Motors Consolidated Q3 FY22 Results

editor0 CommentsBusinesstata motors

Tata Motors Ltd announced its results for quarter ending December 31, 2021. The automaker reports that its Jaguar Land Rover division’s sales remain significantly constrained by chip shortages and low inventories with retail sales in Q3 of 80,126 vehicles, down 13.6% from Q2 FY22 and 37.6% from Q3 FY21. Revenue was £4.7 billion, up 22% from Q2 FY22 but down year on year but down year on year. EBIT margin was 1.4% and free cash flow was positive at £164 million in Q3 FY 22.Tata Motor’s India operations showed significant revenue improvement as compared to Q3 a year ago, however…

03 Feb

DealShare raises $165million in the first close of its Series E fund

editor0 CommentsBusiness, IndiaDealShare

DealShare has announced that it has raised $165million in the first close of its Series E fund raise. The Company welcomed Dragoneer Investments Group, Kora Capital and Unilever Ventures, along with continued commitments from existing investors Tiger Global and Alpha Wave Global (Falcon Edge). The company has been growing its consumer and revenue base strongly and expects to hit $1bn revenues in the near term. The funds raised in this round will be utilized to invest in technology and data science, as well as a ten-fold expansion in its logistics infrastructure and to increase geographic reach. DealShare has built a…

02 Feb

LAND ROVER OPENS BOOKINGS FOR NEW RANGE ROVER SV

editor0 CommentsBusinessLand Rover, NEW RANGE ROVER SV

Land Rover has opened bookings for New Range Rover SV in India with a choice of exclusive design themes, details and material choices from Special Vehicle Operations. The Range Rover SV features a refined new 4.4 l Twin Turbo petrol which delivers a power of 390 kW and torque of 750 Nm and the efficient 3.0 l straight-six diesel which delivers a power of 258 kW and torque of 700 Nm. The New Range Rover SV will be available in both Standard and Long Wheelbase body designs, including a five-seat LWB configuration for the first time. LWB customers also have…

02 Feb

Gold demand hits highest level in more than two years

editor0 CommentsBusiness, IndiaGold demand, World Gold Council

The World Gold Council’s latest Gold Demand Trends Report revealed that annual demand (excluding OTC markets) has recovered many of the COVID-induced losses from 2020 to reach 4,021t for the full year in 2021. The reports shows the demand for gold reached 1,147tin Q4 2021, its highest quarterly level since Q2 2019 and an increase of almost 50% year-on-year, according to the World Gold Council. Gold bar and coin demand rose 31% to an 8-year high of 1,180t as retail investors sought a safe haven against the backdrop of rising inflation and ongoing economic uncertainty caused by the corona virus…

02 Feb

Lenskart launches 73 Stores on Republic Day

editor0 CommentsBusiness, IndiaLenskart, Republic Day

Lenskart, India’s fastest growing Omni-channel eye-wear brand launched 73 stores on the occasion of India’s 73rd Republic Day across 46 cities and 19 states. Lenskart aims to set-up a total of 400 stores in the FY 2022, 73 stores launched was predominantly in Tamilnadu -17 stores, 10 in Karnataka and 6 each in Telangana and Kerala amongst others. With this company has started its countdown to successfully establish its landmark of 1000th store in February this year.The 73 store launches also include states like Bihar, Assam, West Bengal, Himachal Pradesh, Jammu & Kashmir, Gujarat, Chhattisgarh, and Punjab along with several…

01 Feb

Sunstone Eduversity’s “Step Up Scholarship”

editor0 CommentsBusiness, Education, IndiaSunstone Eduversity

Sunstone Eduversity has announced 1000+ scholarships amounting to INR 5 Crores through its "Step Up Scholarship" program. The program offers an opportunity for students to launch their careers with outcome-oriented and impactful higher education programs. Under this breakthrough initiative, students pursuing or planning to pursue Post Graduate courses (MBA, MCA, and PGDM) are eligible to apply for scholarships up to 100%. As a first step towards availing the Scholarship, aspirants must take the "Step Up Scholarship" test to be conducted on the 5th & 6th of February 2022. The test will entail multiple-choice questions on quantitative and verbal aptitude, psychometric…

01 Feb

Nissan Magnite exports expand to 15 global markets

editor0 CommentsBusiness, Indianissan magnite

Nissan has said that after the successful first year sale of its highly popular Magnite compact SUV, the company has expanded the number of export markets to 15 in total. Magnite, produced at Nissan’s Chennai plant in Tamil Nadu, was launched in December 2020 and has since gone on to achieve 78,000 cumulative customer bookings in India alone, with a further 6,344 shipped overseas. Magnite was the first global product to launch under the Nissan NEXT transformation plan, shifting the company’s focus towards high-demand products that deliver lasting value to the business and to customers. Following the successful introduction of…

01 Feb

FICSI signed an MoU with IGCC

editor0 CommentsBusinessFICSI, MoU

Food Industry Capacity & Skill Initiative (FICSI) has signed a Memorandum of Understanding (MoU) with Indo German Chamber of Commerce (IGCC) to establish Centres of Excellence (CoE) for dual bakery training according to set standards of German Dual System, giving a push to endeavors focused on apprenticeship training. The aim of the collaboration is to set up new baking-related vocational training courses in India. There is a demand for well-qualified candidates in the bakery sector, which is not met, currently. The purpose of these courses is to meet the changing requirements of the enterprises in India and global markets. Commenting…

01 Feb

FNP Cakes ‘N’ More Unveils its first outlet in Howrah, West Bengal

editor0 CommentsBusiness, West BengalFNP Cakes ‘N’ More

FNP Cakes ‘N’ More (A unit of Ferns N Petals) has opened its first outlet in Howrah in West Bengal. With the launch of the 9thcake outlet in the state, the bakery brand now has 143 retail outlets PAN India. Located at138, GT Road Shree Apartments, Shibpur, the new outlet is spread across 250 Square feet of space, offering all kinds of cream cakes, fondant cakes, dry cakes, and many more. The store also offers a wide range of bakery products, chocolates, quick snacks, beverages, other savouries and soft toys. To maintain the quality standards, the company has set up…