India - The Purbottar

06 May

AGL’s Rs.441 Crores Rights Issue opens for subscription

Rights issue of Rights issue of Asian Granito India Limited is open for subscription for its shareholders on April 25 and will close on May 10. Company is raising Rs. 441 crores through the rights issue to fund its Mega Expansion Plans Value Added Luxury Surfaces & Bathware Segments including GVT Tiles, Sanitaryware and SPC Flooring etc.Equity Shares under the Rights Issue are offered at a price of INR 63 per Share. The Company will issue upto 6,99,93,682 fully paid-up Equity Shares of face value of INR 10 each for cash at a price of INR 63 per Equity Share…

06 May

Schneider Electric organises the Green Yodha Yatra in Guwahati

Business Correspondent0 CommentsBusiness, IndiaGreen Yodha Yatra, Schneider Electric

The global leader in digital transformation of energy automation and management Schneider Electric organised the Green Yodha Yatra in Guwahati, Assam. It is a reaffirmation of the company's commitment to enable sustainable water management and building sustainable grids of the future. It will take place in 20 cities throughout India this year across various sectors. Dignitaries such as Dr Lakshmanan S, MD, Guwahati Smart City Limited (GSCL) and Mr. Debajyoti Das, MD, Assam Electricity Grid Corporation Limited (AEGCL) led the session on sustainable water and grids of the future respectively.The company’s Green Yodha initiative aims to unite conscious citizens, businesses…

06 May

TECNO launches Phantom X in India

Business Correspondent0 CommentsBusiness, IndiaPhantom X, tecno

The global premium smartphone brand from TRANSSION India TECNO Mobile launched its bold and extraordinary flagship smartphone Phantom X in Indian market. The smartphone was recently awarded the globally renowned iF Design Award 2022, also known as the ‘Oscar of product design’. A 132-member jury assessed almost 11,000 entries from 57 countries to choose the most outstanding design. Phantom X is supported by an Octa-core MediaTek Helio G95 Processor, which is a superior ARM SoC for smartphones. It is equipped with a dual 48MP+8MP front camera and an impressive 108MP Ultra HD Mode set up with a 50MP+13MP+8MP laser-focused rear…

06 May

IBM launches STEM for Girls program

Business Correspondent0 CommentsBusiness, IndiaArunachal Pradesh, IBM ., STEM

IBM announced a collaboration with the Department of School Education in Arunachal Pradesh to introduce the IBM STEM for Girls program in more than 130 secondary and higher secondary schools across 15 districts in the state. More than 13,500 students studying between 8th and 10th grade will have exposure to digital fluency, coding skills training and 21st-century skills including life and career skills. It is a part of IBM’s commitment to skilling 30 million people worldwide by 2030.This initiative is part of a three-year program between IBM and the state government with Quest Alliance and AlombroMayuYaku Chi AmeyAroga as the…

05 May

Tata Motors launches e-cargo transport solutions

Business Correspondent0 CommentsBusiness, Indiae-cargo, tata motors

India’s largest commercial vehicle manufacturer Tata Motors marked a significant leap forward in its drive towards promoting sustainable mobility with the launch of the all-new, revolutionary Ace EV– the electric version of the ever-popular Ace, exactly 17 years after redefining India’s freight movement. The new Ace EV, India’s most advanced, zero-emission, four-wheel small commercial vehicle (SCV), is a green and smart transport solution ready to serve a wide variety of intra-city applications. The new Ace EV offers a holistic solution for e-cargo mobility. Tata Motors also announced signing of strategic Memorandum of Understanding with leading e-commerce companies and logistics service…

05 May

Gold remains resilient amid heightened global uncertainty

Business Correspondent0 CommentsBusiness, IndiaGOLD, World Gold Council

The global gold market saw a solid start to 2022 with first-quarter demand (excluding OTC) up 34% year-on-year, thanks to strong ETF flows, reflecting gold’s status as a safe-haven investment during times of geopolitical and economic uncertainty.Geopolitical crises weighed heavily on the global economy and reinvigorated investor interest, pushing the gold price briefly to US$2,070/oz in March. The World Gold Council’s latest Gold Demand Trends Report reveals gold ETFs had their strongest quarterly inflows of 269t since Q3 2020. Gold bar and coin demand were 11% above its five-year average at 282t. However, renewed lockdowns in China and high prices…

04 May

India’s Economy witnesses Massive Boost

Business Correspondent0 CommentsBusiness, IndiaForeign Secretary, Harsh Vardhan Shringla

Foreign Secretary Harsh Vardhan Shringla stated that India is one of the world's fastest-growing economies. He praised India's economic policy and stated that the country's upcoming presidency of the G20 group is both an acknowledgement of our enhanced global standing and an opportunity to project our perspectives and highlight our priorities. Lauding PM Narendra Modi's initiative of "Aatmanirbhar Bharat", Shringla stated that it had transformed India's economic diplomacy. India will become a more prominent hub for resilient and dependable supply chains and global value chains and it’s democracy dividends in foreign policy and strategic affairs are growing. Shringla also stated…

04 May

13 year Old UP Girl Allegedly Raped By Cop When She Went To File Rape Case

editor0 CommentsIndiarape, Uttar Pradesh

A 13-year-old rapist was allegedly raped again by the in-charge of a police station in Uttar Pradesh's Lalitpur, after she took a long time to register a complaint.The girl alleged that she was raped by 4 men, after which she went to the police station to complain along with a relative. The accused officer, Station House Officer Tilakdhari Saroj, was dismissed and a crooked case was registered against him. According to a top police official in Lalitpur, he is absconding and three police teams are looking for him. Three accused have been arrested. All policemen posted at the police station…

04 May

Panasonic inaugurates new manufacturing unit in Andhra Pradesh

Business Correspondent0 CommentsBusiness, IndiaAndhra Pradesh, Panasonic

A wholly owned subsidiary of Panasonic Corporation Panasonic Life Solutions India announced the opening of its new manufacturing facility in Sri City, Andhra Pradesh. The facility aims to develop market synergies by providing swift material deliveries and customer delight. The factory also aims to produce more than 200 mil pieces of switches per year in the next 5 years. The ‘highly automated’ unit is spread over 133,584 sq.mt and currently covers a floor area of 37,025 sq.mt. This will be the company’s first electrical equipment manufacturing base in Southern India and seventh in India followed by facilities in the North…

04 May

Flipkart launches its largest fulfillment center in Haringhata

Business Correspondent0 CommentsBusiness, IndiaFlipkart, Haringhata, Mamata Banerjee

Flipkart, India’s homegrown e-commerce marketplace, announced the inauguration of India’s largest fulfillment center (FC) in Haringhata, West Bengal. The tech-enabled facility that will create more than 11,000 job opportunities and will support around 20,000 sellers from the state and North-East region, was inaugurated (virtually) during the Bengal Global Business Summit (BGBS) 2022 by the Chief Minister, Mamata Banerjee in presence of Principal Chief Advisor to Chief Minister Amit Mitra, Industries Minister Partha Chatterjee, Minister of Transport and Housing Firhad Hakim, and Chief Secretary H.K. Dwivedi. Located 50 km from Kolkata, the facility has an integrated supply chain management spread across…