Business - The Purbottar

11 Jun

Anushka Sharma: Didn’t start producing to make movies for me to star in

editor0 CommentsBusiness, EntertainmentAnushka, Bollywood

Actress Anushka Sharma says her decision to turn producer at the age of 25 came from her position as a star, which she could leverage to produce innovative and disruptive content for women in Bollywood. She adds that she did not start bankrolling films in order to star in them. "My decision to turn producer was because I wanted to leverage the position which I had, to produce good films. I did not start producing to make movies for me to star in", Anushka claimed, adding that she just "wanted to tell good stories". "I would be sitting and talking to writers, discussing things with…

11 Jun

Rupee Drops To 75.82 As Dollar Off 3-Month Low

editor0 CommentsBusinessECONOMY, INDIA, USA

The rupee declined by 23 paise - or 0.31 per cent - to hit 75.82 against the US dollar on Thursday, as the greenback steadied after hitting a three-month low initially following the Federal Reserve's statement that policy would have to be proactive with rates near zero out to 2022. The rupee moved in a range of 75.73-75.82 during the four-hour session, having started the day weaker at 75.80 compared to its previous close of 75.59. Analysts awaited consumer inflation data due on Friday for more clarity on domestic monetary policy going forward. Domestic stock markets fell amid selling pressure in financial and pharmaceutical stocks.…

11 Jun

Petrol, diesel prices hiked by 60 paise/litre each.

editor0 CommentsBusiness

Petrol and diesel prices on Thursday were hiked by 60 paise per litre each — the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision. With today's hike, the cumulative hike in prices nears Rs 3 per litre since Sunday. In five hikes, the petrol price has gone up by Rs 2.74 per litre and diesel by Rs 2.83. Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT. This is the fifth daily increase in rates in a row…

10 Jun

Airtel ups stake in Bangladesh firm

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Bharti Airtel on Tuesday said its subsidiary has acquired an additional 6.3 per cent stake in Bangladesh operator Robi Axiata from NTT Docomo for an undisclosed sum. Airtel did not disclose the value of the deal. It said the acquisition of the ordinary shares was done at mutually-agreed valuation. “The said valuation is non-material and is not disclosed herein due to reasons of confidentiality.” The transaction has been cleared by the Bangladesh telecom regulator. The latest deal comes on the heels of Bharti Telecom, the promoter company of Bharti Airtel, raising Rs 8,433 crore last month by selling a 2.75…

10 Jun

Uncertainty emerged again; Bengali TV shoots likely to get delayed

editor0 CommentsBusiness, Entertainment, North Bengal, North EastBengali, entertainment

The shoot of television and films in Bengali entertainment industry were likely to start from today (June 10). However, a number of reasons have cast a shadow. Yesterday evening, members of Suppliers Association, who provide lights and other equipment to various shooting floors objected to resume work from tomorrow. The members stressed on the fact that they were not included in the previous meetings held among the Tolly stakeholders. On the other hand, Artists Forum had sent a message to all its members yesterday informing that the prescribed guidelines couldn’t be unanimously signed by all the stakeholders. Under these circumstances, Forum can’t take the…

09 Jun

State Bank of India cuts lending rates

editor0 CommentsBusiness

The reduction by the country’s largest lender follows the Reserve Bank of India (RBI) bringing down the policy repo rate by 40 basis points last month. Consequently, one year MCLR, against which home loans are priced, will come down to 7 per cent from 7.25 per cent earlier. SBI said EMIs on home loans linked to MCLR will get cheaper by around Rs 421 for a 30 year loan of Rs 25 lakh. Since the beginning of this calendar year, the lender’s one year MCLR has come down 90 basis points. SBI has also slashed its external benchmark rate. The…

09 Jun

Indian Govt to launches facility to file GST via SMS for 2.2 million firms

editor0 CommentsBusinessECONOMY, GST, INDIA

The government on Monday launched an easy Goods and Services Tax (GST) return filing facility through short message service (SMS) for about 2.2 million registered businesses provided the value of the return is nil. “In a major move towards taxpayer facilitation, the government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS,” a finance ministry spokesperson said. Now taxpayers with nil liability will not be required to log on to the GST portal and file their returns as a simple SMS to 14409 will do, he said.The facility will substantially improve ease of GST…

05 Jun

Don’t initiate any new schemes: FinMin to ministries.

editor0 CommentsBusiness

India stands seventh among the nations worst hit by the COVID-19 pandemic after the U.S., Brazil, Russia, the UK, Spain and Italy. Extra focus on hygeine, mandatory thermal screening, compulsory face masks — these are some of the instructions the Union Health Ministry has issued as a part of reopening India's economy, even as coronavirus infections continue to spike in the country. "No new proposals for a scheme/sub-scheme should be initiated this year (2020-21) except the proposals announced under the Pradhan Mantri Garib Kalyan Package, the Aatmanirbhar Bharat Abhiyan package and any other special package/announcement," it said. With regard to…

04 Jun

Swiggy launches home delivery of alcohol.

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India’s leading on-demand delivery platform, Swiggy has started online processing and home delivery of alcohol through the ‘Wine Shops’ category in West Bengal, days after first launching its service in Jharkhand and Odisha. after obtaining necessary approvals from the West Bengal government, the service went live in Kolkata and Siliguri today. Swiggy has implemented multiple safety measures to ensure safe home delivery of alcohol orders. Swiggy is partnering with authorised retailers across major cities after validating their license and other required documents as outlined by the state government. Retail partners will be equipped with a dedicated partner app that enables…

04 Jun

Amazon expands Packaging-Free Shipping.

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Amazon India announced that it has achieved an integral milestone towardsminimizing packaging waste across its supply chain by expanding its Packaging-Free Shipping (PFS) to over a 100 cities in the country. PFS is a sustainable packaging solution in which customer orders are shipped in their original packaging without any additional packaging, or significantly reduced packaging. Amazon had first launched PFS in India in June 2019 in 9 cities. With this expansion of PFS, more than 40% of Amazon customer orders shipped from Amazon India’s Fulfilment centers are now packaging-free or have significantly reduced packaging. Products that are shipped packaging-free include…