Business - The Purbottar

01 Jun

CoronaVirus Outbreak : Setback to Business Could be Serious , Infosys.

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Infosys said Covid-19 led slowdown has resulted in termination of projects and may hit the company’s profitability going forward. The Bengaluru-headquartered IT services exporter has highlighted the pandemic could be a major risk going forward as key clients across the US, Europe and other prominent markets may cut costs due to prolonged economic impact. The economic slowdown or other factors affecting the economic health of the U.S., the U.K., the EU and Australia are expected to cast a gloom on the financials of the Indian IT services giant. Infosys, on account of its revenues being concentrated in a few geographies,…

31 May

Glenmark’s Candid dusting powder.

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With an aim to support the police authorities working on the front lines of the COVID-19 outbreak, Glenmark Foundation (CSR arm of Glenmark Pharmaceuticals) has partnered with NGO RISE Infinity Foundation to distribute Candid dusting powder samples and alleviate common skin conditions. They will reach out to more than 50,000 law enforcement personnel across 12 cities in the country including Guwahati. As part of this partnership, Glenmark will provide the powder products for each city, while RISE Infinity Foundation will coordinate the delivery through their network of Partners, local NGOs and volunteers. Candid Dusting Powder reduces the chances of fungal…

28 May

B Natural+ Orange & Mixed Fruit at Rs 130.

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ITC’s B Natural and Amway India have collaborated to launch the first of its kind B Natural+ range for the Indian consumer. B Natural Juices & beverages which believes in providing fruit nourishment to its consumers, intends to provide the dual benefit of Immunity + Fruit & Fiber to them with the launch of the B Natural+ range. The promise of supporting immunity is delivered by a unique clinically proven ingredient, which has been developed by ITC’s Life Sciences & Technology Centre (LSTC). During these trying times, Immunity has emerged as a key focus area. This Clinically proven Ingredient was…

28 May

Fake news about Bandhan Bank loan waiver.

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Kolkata: Releasing a statement, Bandhan Bank alleged that a few news items and videos have been posted in social media on so-called waiver of loans extended by the bank to its customers. These are absolutely baseless. Moratorium and total waiver of installments againstloans are different. In the statement, Bandhan Bank mentioned government instructions over the issue and said, they may change the date of collection of installments against loans but the rate of interest will be there during the unpaid period as it was and that will be added to the capital loan amount. Meanwhile, Bandhan Bank announced moratorium on…

25 May

#WelcomeToTheWorld campaign by Pampers.

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Pampers, a leading diapers brand, released a film to #WelcomeToTheWorld newborns. This film hopes to spread a ray of reassurance that babies are being born into a world that is filled with love, courage, and unity.Pampers deeply understands the shifting realities of new parenthood in this unprecedented time. Building on the insight that no matter the uncertainty that surrounds her, a mother is engulfed with hope and a deep sense of positivity when she holds her baby for the very first time, the film shares a mother’s wish for her child during this time of uncertainty. The film is a…

26 Apr

A Prolonged Lockdown May Possibly Push Million Of Indians Into The “Margins Of Subsistence”, Says Former RBI Governor.

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Former RBI Governor Duvvuri Subbarao said on Sunday that, a prolonged lockdown may possibly push million of Indians into the "margins of subsistence", while expecting a ''V'' curved recovery once the COVID-19 crisis ends and the turnaround in India to be faster than some economies. He was participating in a webinar on "History repeats - but differently- Lessons for the post Corona World," organised by the Manthan Foundation here, in which former Deputy Governor of RBI Usha Thorat took part."Because most analysts believe that this year India will actually have negative growth or growth will contract. We must remember that…

25 Apr

Centre Gives Permit To Shops To Reopen But With Certain Conditions, Malls To Remain Closed.

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A month into the nationwide lockdown to check the spread of the novel coronavirus or COVID-19, all shops in residential areas - except those in the malls - have been allowed to reopen from today with conditions by the government. The relaxations are not applicable to hotspots and containment zones. The Union Home Ministry's late night order - that says masks, gloves and adherence to social distancing norms will be mandatory - comes as a huge relief to the shopkeepers and buyers. However, with public transport still closed, employees of shops that can reopen could still find it tough to…

25 Apr

P Chidambaram’s Opinion On Franklin Templeton Shutting Funds.

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Former finance minister P Chidambaram has asked the centre to "act promptly" to stop any cascading effect of the unprecedented closure of six debt funds by global giant Franklin Templeton.Franklin Templeton Mutual Fund, one of India's most prominent mutual fund houses in fixed income, said on Thursday it would wind up six credit funds in India with large exposures to higher-yielding, lower-rated credit securities due to a lack of liquidity amid the coronavirus pandemic.

25 Apr

Sonia Gandhi Writes Letter To The Prime Minister.

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Congress chief Sonia Gandhi has written a letter to Prime Minister Narendra Modi with five recommendations to help the micro, small and medium scale enterprises (MSME) sector amid the coronavirus pandemic. Mrs Gandhi said MSMEs contribute close to one-third to India's gross domestic product (GDP) and account for almost 50 per cent of the country's exports. The sector also employs over 11 crore people. But the lockdown necessitated by the COVID-19 pandemic has put most economic activities to a halt and over 6.3 crore MSMEs "stand on the verge of economic ruin", Mrs Gandhi said in the letter.

23 Apr

India’s GDP To Shrink.

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As India remains in a 40-day nationwide lockdown to slow down the spread of the Covid-19 pandemic, trapping an already-slowing economy a standstill, economists and industry experts are estimating sub-1 per cent expansion rates.Some are even expecting a contraction for the country's GDP.The latest estimates by some economists and certain industry experts shows how gloomy India's economy on account of the coronavirus-triggered lockdown, which continues to harm many businesses worldwide. Though even before the country began the COVID-19 lockdown, the economy stared at its worst pace of expansion since the 2008-09 global financial crisis.