News - The Purbottar

12 Sep

India’s retail inflation to upsurge to 3.65% in August 2024

editorBusiness, News

New Delhi, September 12 (Language) Retail inflation rose to 3.65 percent in August, according to official data released on Thursday, although the prices of vegetables and pulses recorded a double-digit increase.However, retail inflation based on the Consumer Price Index (CPI) remained below the Reserve Bank's average target of 4 percent for the second consecutive month. It was at a five-year low of 3.6 percent in July. Core inflation was 6.83 percent in August 2023."The year-on-year inflation rate (3.65 percent) based on the All-India Consumer Price Index (CPI) for the month of August, 2024 is the second lowest in the last…

11 Sep

A huge amount of foreign liquor confiscated in Falakata before Durga Puja

editorNews, North Bengal, Siliguri

Alipurdurwar, September 11: Ahead of Durga Puja, officials of the Falakata police station have seized a huge amount of foreign liquor. Three people have also been detained in the case.On Wednesday, based on a tip-off, the police raided a warehouse located in Jaichandpur Pakritala area under Gwabarnagar Gram Panchayat of Falakata block and recovered a huge quantity of liquor. The liquor was of different brands, with an estimated market value of around ₹10 lakh. Law enforcement officials have said that similar raids will be conducted in the coming days.

10 Sep

Siliguri cyber crime team gets big success, recovers ₹25 lakh and returns it to fraud victim

editorNews, North Bengal, Siliguri

Siliguri, September 10: The cyber crime team of Siliguri Metropolitan Police has achieved a significant success by successfully recovering ₹25 lakh fraudulently obtained from a retired employee. The special thing is that this money has been returned to its real owner, a retired government employee of Haiderpara.According to the report, on August 19, the fraud victim received a call on WhatsApp from an unknown number. The caller introduced himself as an officer of the Mumbai Crime Branch and threatened to arrest the victim in a drug-related case. The caller then demanded Rs 25 lakh to settle the matter.As a result,…

09 Sep

Suzlon Energy shares inflation 3% after getting big wind power order from NTPC

editorBusiness, News

On Monday, the share price of Suzlon Energy rose 3.27 per cent to hit a lifetime high of Rs 77.18 per share on the BSE. The share price of Suzlon Energy jumped today after the company announced that it has received a large order for a wind power plant from NTPC Green Energy.Suzlon said that in an exchange filing that it has received India's largest wind power order of 1,166 MW from NTPC Green Energy."Suzlon will install 370 wind turbine generators of S144 model, each and every having a rated capacity of 3.15 MW, with hybrid lattice tubular tower.These turbines…

07 Sep

State Health Department convened meeting with drug rehabilitation center owners in Siliguri

editorNews, North Bengal, Siliguri

Siliguri, 06 September (Retd.). The state health department on Friday called a meeting with the owners of drug rehabilitation centers in Darjeeling district. This session took place at the State Guest House in Siliguri.During the meeting it came to light that many drug rehabilitation centers were running without proper license. Health department officials provided information about licensing requirements and di9scussed various issues affecting these centres. He also guided the owners on the process of obtaining the necessary licenses.About 50 drug rehabilitation center owners participated in the meeting.

29 Aug

Bikaji report it is ‘not for sale’ amid investor interest in Indian snacks market

editorBusiness, News

Indian snacks maker Bikaji Foods is "not for sale" and is instead aiming to capitalize on the growing appetite for gourmet brands in the world's most populous country, a top executive told Reuters.The Indian salty snacks sector has grown rapidly in recent years as consumers increasingly splurge on packaged foods.“Bikaji is not for sale. No matter what price anyone offers, there are few things that are not for sale,” Chief Operating Officer Manoj Verma had said that earlier this month, without disclosing whether the company had received buyout offers.His comments came after India's Tata Group and a consortium including Blackstone…

28 Aug

Zee Entertainment shares jumped 14% today; here’s why

editorBusiness, News

ZEEL Share Price: The stock traded higher than the 5-day, 10-, 20-, 30-, 50-day and 100-day simple moving average (SMA), but lower than the 150-day and 200-day SMA.Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 14.26 per cent to hit the day's high of Rs 154.65 in Tuesday's trade. Today's sharp rise in share price came after the media firm settled its merger closing disputes with Sony Pictures."ZEEL, Culver Max Entertainment Pvt. Ltd., steering as Sony Pictures Networks India, together with its group company Bangla Entertainment Pvt. Ltd. have reached a comprehensive non-cash agreement, relating to “All disputes have been…

27 Aug

Bank of Baroda raises Rs 5,000 crore increase 10-year infra bonds at 7.3%

editorBusiness, News

State-owned Bank of Baroda on Monday inflation Rs 5,000 crore through 10-year infrastructure bonds at a coupon rate of 7.3 percent, according to sources aware of the development.The offering of the bonds, rated AAA by Crisil Ratings, had a base issue size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore and was fully subscribed.A dealer at a state-owned bank said yields on 10-year government securities have fallen, resulting in lower cut-off rates for BoB compared to State Bank of India (SBI), the country's largest lender. Generally, SBI is considered like a barometer for the Indian economy…

26 Aug

Gold price plunge in India: Check 22 carat price in your city on August 25

editorBusiness, News

Gold price in India today: On August 25, gold prices in India were around Rs 73,000 per 10 grams. The rate of 24 carat gold of highest purity was Rs 73,040 per 10 grams. For those considering jewellery, 22-carat gold, known for extra durability due to its light alloy mix, was priced at Rs 66,950 per 10 gram.In contrast, the price of silver was Rs 88,000 per kg. retail cost of gold in india The retail price of gold in India, which represents the final cost per unit weight to consumers, is shaped by many factors beyond its intrinsic value.

24 Aug

Rupee upgrade 5 paise to 83.88 against US dollar in early trade

editorBusiness, News

The rupee traded in a tight range and rose 5 paise to 83.88 against the US dollar in morning trade on Friday, supported by softening crude oil prices and fresh foreign fund inflows.Forex traders said the significant improvement in oil prices, which are around US$77 per barrel, is a big positive sign for the rupee, given India's substantial oil imports.At the interbank forex market, the local unit opened at 83.93 and then gained ground to touch 83.88, registering a rise of 5 paise from its previous close.Amit Pabari, MD, CR Forex Advisors said that “Despite the dollar index hitting recent…