India - The Purbottar

28 Aug

Reliance Retail launches ‘Yousta’ fashion stores

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

In January, ET reported that Reliance Retail was planning to launch a value apparel format to directly compete with Tata's Zudio, Landmark Group-owned Max, and Shoppers Stop's new mass-value brand InTune. All products on Yousta are priced below Rs 999, with most priced below Rs 499. Akhilesh Prasad, President and CEO, of Fashion & Lifestyle, Reliance Retail said, “The team will continue to work with India's younger generation to understand their evolving fashion needs." Experts say India's consumption structure has been skewed in the past to a narrow base of affluent consumers who account for a large share of the…

27 Aug

160 domestic flights cancelled from Sept 8-10 over G20 Summit: Delhi Airport

Business Correspondent0 CommentsIndia

G20 summit which is scheduled to be held on 9th and 10th of September in New Delhi has led to the cancellation of around 160 domestic flights (80 departing and 80 arriving) from and to Delhi's Indira Gandhi International airport. The airport officials confirmed that the decision was not taken due to limited parking as there are ample space to park flights but traffic restrictions are the reason behind this decision. The international flights will remain unaffected. The decision was taken in the backdrop of high traffic jam in Delhi-NCR. And it will be valid from 8th to 10th of…

26 Aug

IIT BOMBAY receives donation of 18.6 million from alumni towards establishment of Green Energy & Sustainability Research Hub

Business Correspondent0 CommentsIndia

IIT Bombay has accepted a donation of USD 18.6 million made by an alumnus. The amount was offered for the establishment of a Green Energy and Sustainability Research Hub. However, the identity of the alumuns has been keep secret as per his/her choice. The contribution will definitely help the institution to focus on the global climate crisis. The hub will be constructed within a state-of-the-art academic building on the the premises of the institute. The focus will be made on the critical areas such as evaluating climate risks,developing effective mitigation strategies, climate change adaptation, and comprehensive environmental monitoring.

25 Aug

IAF plans to order around 100 more LCA Mark-1A fighter jets

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

The Indian Air Force (IAF) will place an order for around 100 additional Light Combat Aircraft (LCA) Tejas Mark-1A fighter jets from Hindustan Aeronautics Limited (HAL), senior defense officials told India Today. The decision to buy 100 more Tejas Mark-1A fighters to replace the aging fleet of MiG-21 fighter aircraft is expected to boost the domestic aerospace industry. Officials also added that proposals for the projects have been submitted to the Ministry of Defense and clearance for orders is expected in the near future. 300 Tejas Mark-1A fighter jets are going to be inducted into the Indian Air Force in…

25 Aug

Unknown person donates Rs 160 crore to IIT Bombay

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

The Indian Institute of Technology (IIT) Bombay has received a donation of US$ 18.6 million from alumni to establish a green energy and sustainability research hub, the premier institute said on Thursday.IIT B, however, did not reveal the identity of the former student, saying he wanted to remain anonymous.The contribution will redefine the Institute's role in tackling the global climate crisis. The hub will be located within a state-of-the-art academic building at the IIT Bombay campus in suburban Pavai and its focus will extend to critically important areas, the institute said in a statement. Areas of focus include climate risk…

24 Aug

‘Moon meetha karo’: Amul’s heartwarming salute to Chandrayaan-3 success wins internet

Business Correspondent0 CommentsBusiness, India

India becomes the first country to land on Moon's South pole region, as the spacecraft Chandrayaan-3 safely reached a destination which it started on 14th of july. Celebrating the success, Gujarat-based dairy brand Amul, has designed an innovative image depicting an Amul girl who is dressed in a red polka dotted frock and holding an Indian flag in her right hand. "Moon meetha karo," reads the image caption, referring to Indians' habit of sharing desserts on every congratulatory occasion. "For launch and dinner," Amul added in another display of wordplay. Not just this, expressing their appreciation further, the Amul team…

24 Aug

Alia Bhatt out of Nitesh Tiwari’s Ramayana

Priyanka Bhowmick0 CommentsEntertainment, Indiaentertainment, INDIA

The disastrous results of recent films on mythology have not deterred producers and directors from dreaming of making more such films. Gunasekhar's Shaakuntalam and Om Raut's Adipurush have become the biggest villains in recent times. But a Bollywood producer is determined to bring another movie on Ramayanam. Producer Madhu Manthena is planning to make a movie based on Ramayana in three parts with Ranbir Kapoor as Lord Ram. The team also approached Alia Bhatt for the role of Sita and KGF Yash for the role of Ravana. In the latest update, we heard that Alia Bhatt has said no to…

24 Aug

India set to ban sugar exports for first time in 7 years: Reports

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

India may ban sugar exports for the next season, which starts in October, due to reduced sugarcane yields due to insufficient rains, Reuters news agency reported, citing three government sources. The expected move follows a lack of rains affecting the top sugarcane-producing regions, with monsoon rainfall in Maharashtra and Karnataka 50 percent below average. The ban on Indian sugar exports, which has not happened in seven years, could push up global benchmark prices, raising potential inflation in global food markets. The prospect of such a decision comes as India faces concerns over food inflation, with retail inflation hitting a 15-month…

23 Aug

2 dead, 5 injured as Rolls Royce collides with oil tanker in Gurugram

Priyanka Bhowmick0 CommentsIndia, Latestaccident, INDIA

The collision was so strong that both vehicles caught fire, the oil tanker overturned and the driver and passenger were trapped and unable to escape. Two people died and four were critically injured when a speeding oil tanker collided with a luxury sedan on the Delhi-Mumbai Expressway in Urmi village of Nuh around 2 pm on Tuesday, police officials said. According to the police, the collision was so strong that both cars caught fire, the oil tanker overturned and the driver and passenger were trapped and could not escape. They burned in the fire, police said. According to the SP,…

23 Aug

“India is the centre of universe…”: US Ambassador Eric Garcetti

Priyanka Bhowmick0 CommentsIndia, InternationalBusiness, international

US Ambassador to India Eric Garcetti on Tuesday highlighted the close cooperation between his country and India in various fields including technology, trade, environment and space. He said President Joe Biden told him that India was the most important country in the world to him. Delivering the keynote address at the Indiaspora G20 forum, Garcetti said that Indian Americans constitute six percent of the taxpayers in the United States. "He (President Biden) told me, when he asked me to come here to serve, he said, this is the most important country in the world to me, something that I think…