Business - The Purbottar

17 Jul

UTI Mutual Fund offers UTI Equity Fund

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UTI Equity Fund would be suitable for those equity investors looking to build their “core” equity portfolio and seeking long term capital growth through investment in quality businesses that generate economic value. Investors with moderate risk-profile and looking to invest for at least 5 to 7 years to meet a long-term financial goal, may consider investing in this fund. UTI Equity Fund is an open ended equity scheme investing across large cap, mid cap, small cap stocks, having a corpus of over Rs. 9,500 crores and having over 12 lakh investors (as on June 30, 2020). The scheme’s top ten…

16 Jul

Bandhan Bank grows stronger – now has 2.03 crore customers

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Bandhan Bank today announced the results of the first quarter of financial year 2020 - 21. The Bank’s total business grew 24.99% year-on-year to reach Rs.1,34,941 crores. The Bank started operations in FY15-16 and will complete five years of operations in August this year. In just 5 years, the Bank has 4,559 banking outlets through which it serves 2.03 crore customers. The total number of employees working at Bandhan Bank stands at 41563. The Bank’s deposit book grew 35.30% over the corresponding quarter of the previous year. The total deposits now stand at Rs.60,610 crore. The current account + savings…

16 Jul

Amway India hosts a webinar with FICCI

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Amway India, one of the country’s leading FMCG direct selling companies, partnered with FICCI to host a webinar on Entrepreneurship Opportunities in the North-East post-COVID-19 era. The webinar was attended by Ashish Phookan, Chairman, FICCI Assam State Council, Kekhrievor Kevichusa, Commissioner & Secretary to the Government of Nagaland and Ronn Pakrashi, Chairman- sub-committee of agro-food processing, FICCI Assam state council amongst others. The special digital event focused on the emerging opportunities created by various industries in the region with the rise of the gig economy in the current scenario. Rajat Banerji, Mentor, FICCI Direct Selling Task Force and Vice-President -…

16 Jul

RLG India’s Clean to Green Campaign Commences E-waste Collection Program in Five New Cities This Year

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Under the aegis of Ministry of Electronics and Information Technology (MeitY) and in line with the Digital India movement, RLG India drives the Clean to Green campaign to encourage safe and responsible disposal of electronic waste (e-waste). Through the campaign, RLG India reinforces its commitment towards building a sustainable and greener environment and preventing the poisoning of our ecosystem due to the flow of e-waste into landfills. Ms. Radhika Kalia, MD, RLG India, who drives the Clean to Green campaign, said, “Under this program, we acquire discarded and unwanted electronic products and recycle them to protect the environment. The e-waste…

16 Jul

Unilever to provide hygiene kits to OYO

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OYO Hotels & Homes has partnered with Unilever to enhance OYO’s ‘Sanitised Stays’ initiative with the help of Unilever’s leading home and personal hygiene brands which will be used in the cleaning and disinfecting of OYO properties. With the Centre’s decision to open hotels in a phased manner, under Unlock 1.0, OYO has begun welcoming guests across multiple states from June 8, 2020 onwards. With higher hygiene standards, minimal-touch services, and enhanced credibility topping the list of customer requirements, Unilever’s R&D team will work with OYO to co-create Standard Operating Procedures for cleaning to maximise the positive effects of Unilever…

16 Jul

GIA India presents Knowledge Webinar

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A Knowledge Webinar on “The Big 3 – Ruby, Sapphire and Emerald” was presented by GIA India recently for members of the Bangiya Swarna Shilpi Samity in Hanschara (West Bengal). More than 45 members from the association attended this webinar to learn important information about the three gemstones. The webinar taught the participants about laboratory-grown gems and simulants, along with a few care and cleaning tips. GIA India Instructor Mohit Agrawal shared insights on the colours, qualities, sources and treatments for rubies, sapphires and emeralds. Apoorva Deshingkar, Senior Director – Sales, GIA India, said, “In the past, GIA India has…

15 Jul

Google to pick 7.7 pc stake in Jio for Rs 33,737 crore.

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Google will pick up 7.7% stake in Reliance Industries’ technology venture for ₹33,737 crore, richest Indian Mukesh Ambani said on Wednesday. “We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest ₹33,737 crores for a 7.7% stake in Jio Platforms,” Mr. Ambani said at the company’s annual general meeting. This takes the cumulative fund raising by Reliance in less than three months to ₹2,12,809 crore, he said. This would be a rare instance of two FANG — Facebook, Apple, Netflix, Google —…

15 Jul

Jio says it will launch 5G service with Made-In-India.

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Jio Platforms has designed and developed a complete 5G solution from scratch. Jio's 'Made-in-India' 5G tech will be deployed and launched in a year once spectrum becomes available. Reliance Industries (RIL) claims that once it is proven in India, Jio Platforms will be well placed to be an exporter of 5G solutions to other telecom operators globally as a complete managed service. “Today, I have great pride in announcing that Jio has designed and developed a complete 5G solution from scratch. This will enable us to launch a world-class 5G service in India, using 100% homegrown technologies and solutions,” said…

15 Jul

Jio Glass Mixed Reality Headset

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Jio Glass, a mixed reality headset, was announced at the annual Reliance AGM 2020 on Wednesday. The headset essentially pairs with your phone to let you conduct classes, make video calls, and host meetings in a 3D holographic environment. The Jio Glass is lightweight and weighs only 75 grams. It looks just like any normal pair of sunglasses at the outset but is thicker in some places to integrate the sensors and necessary hardware. . It is also possible to enable virtual interactions through 3D virtual avatar or even in a 2D manner. Jio Platforms' Tesseract subsidiary has designed the Jio…

15 Jul

Whirlpool of India CFO Yatin Malhotra resigns

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Consumer durables maker Whirlpool of India Ltd on Thursday declared the resignation of its Chief Financial Officer (CFO) Yatin Malhotra and appointment of Aditya Jain as his replacement. "The Board of Directors at their meeting held today accepted the resignation of Yatin Malhotra from the position of Chief Financial Officer of the company effective 31 August 2020," Whirlpool of India said in a BSE filing. The board also approved the appointment of Aditya Jain as CFO of the company with effect from September 1, 2020. Jain joined Whirlpool in 2011. The company did not disclose the reason for Malhotra's resignation..