Business - The Purbottar

09 Jun

State Bank of India cuts lending rates

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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

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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.

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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…

03 Jun

ASUS elevates the Gaming Experience.

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Underlining its vision to deliver the ultimate gaming experience, tech giant ASUS has launched an all-new range of TUF gaming laptops and ROG desktops for Indian users. The brand has rolled out two models: A15 and A17, under the TUF series, featuring the new 7 nanometer AMD Ryzen 4000 Series Mobile Processors. A15 has a Bonfire Black (FA506) and a Fortress Gray (FA566) version, whereas A17 (FA706) will be available in Fortress Gray version. ROG desktops, on the other hand, include two models: GA15 and GA35, powered by AMD Ryzen 9 3950X Desktop Processor. Commenting on the launch, Arnold Su,…

02 Jun

Amphan: ICICI Bank donates Rs. 4-cr.

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In its efforts to provide relief and assistance in the areas affected by cycloneAmphan, ICICI Bank announced that it has committed Rs. 4-crore to aid the West Bengal government. The Bank has contributed Rs 3-crore to the West Bengal State Disaster Management Authority and committed to distribute essential food supplies worth Rs. 1-crore in the districts impacted by the cyclone. These districts are North 24 Parganas, South 24 Parganas, Purba Medinipur, Hooghly and Howrah. West Bengal chief secretary, Rajiva Sinha accepted the cheque from senior officials of ICICI Bank at Nabanna in the presence of H.K. Dwivedi, additional chief secretary…

02 Jun

Datsun launches all-new redi-GO.

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Datsun launched its new redi-GO in India today. The hatchback’s new first- in-class features include L-shape DRLs, sleek headlamps with silver decoration, LED fog lamps, 14” wheels with Pentablade Dual Tone Wheel cover, LED signature tail-lamps, and Door trim with fabric. The new redi-GO is equipped with a host of best-in-class features such as an 8” touchscreen advanced infotainment system with voice recognition, compatible with Android Auto and Apple CarPlay. The car is equipped with safety features including a strong crash-resistant body structure, Rear Seat belt with Retractive function, dual airbags and a rearview camera with Projection guide. The new…

01 Jun

AirAsia to give doctors 50,000 seats on its flights.

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New Delhi/ Mumbai/ Bagdogra/ Imphal/ Agartala, June 1: AirAsia India announced a special initiative, the 'AirAsia RedPass', acknowledging the contribution made by doctors in handling the COVID-19 pandemic. As part of this initiative to pay a tribute to doctors, AirAsia India will give away 50,000 free seats on flights across its domestic sectors to doctors as a gesture of gratitude for their commendable efforts in support of the nation. Doctors can submit their contact details and desired sector and date of travel between 1 July to 30 September with their registration number or ID as proof on https://air.asia/GCs2R. Applications are…

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,…