North East – Page 314 – The Purbottar

31 Jan

Economic Survey Hints At Relaxing Fiscal Deficit Target To Revive Growth

editor0 CommentsNorth East

The Economic Survey 2019-20 warns against a widening fiscal deficit, stating that the government may need to relax its target for the current financial year to revive growth. The Economic Survey, tabled in parliament a day before the Budget, however pegs economic growth at 5 per cent in the current financial year - lower than its estimate of 7 per cent last year - and then projects it to pick up to 6-6.5 per cent in the next financial year. In 2019, the government targeted to contain the fiscal deficit at Rs. 7.04 lakh crore - or 3.3 per cent…

30 Jan

Start-Ups That Burn Investor Money, Disappear Won’t Get Second Chance: Ratan Tata

editor0 CommentsNorth East

Industrialist Ratan Tata on Tuesday warned that start-ups which burn investors' money and disappear will not get a second or a third chance.Mr Tata, who also invests in start-ups, also said old-age businesses will recede and the young founders of innovative companies are the future leaders of the Indian industry.The comments from Mr Tata come at a time when many start-ups have been blamed for what is termed as "cash burn", wherein the optimism of making money in the future makes venture funds to invest in such companies, and the companies keep incurring losses. At its peak, e-commerce major Flipkart…

30 Jan

Maruti Suzuki Profit Rises 5% To Rs 1,565 Crore In December Quarter; Misses Estimates

editor0 CommentsNorth East

Maruti Suzuki, the country's largest car maker, on Tuesday reported that its net profit rose 5 per cent year-on-year to Rs 1,565 crore in the quarter ended December 2019. The profit primarily came on account of cost reduction efforts, lower commodity prices and improved capacity utilization, Maruti Suzuki said in a press release. However, higher sales promotion expenses and lower fair value gain on invested surplus capped the profitability. Analysts on average had expected the country's largest car maker to report a profit of Rs 1,647 crore, according to Refinitiv data, news agency Reuters reported.

29 Jan

Nirbhaya Fund to be used for sensitization programmes

editor0 CommentsNorth East

A recent report suggested that money from the Nirbhaya Fund has hardly been utilised in several states. After witnessing the horrifying gangrape and murder of a woman veterinarian in Telangana, States have decide to implement more women safety measures, one of which is conducting sex education an sensitization programmes in schools. Another incident that surfaced was the whatsapp messages circulated among boys of an elite school in Mumbai where terms like, “gangbang”, “homophobia” was used and women were termed “trash”. Dr Srishti Saha, Consultant Clinical Psychologist at Fortis Hospital Anandapur explains why sex education and gender sensitization among youth is…

27 Jan

Current Situation Of Air India Is Very Fragile, Says Civil Aviation Minister

editor0 CommentsNorth East

Civil Aviation Minister Hardeep Singh Puri, addressing the media on Monday, described the current situation of the national carrier as “very fragile”. The government had earlier released the preliminary information memorandum (PIM) for seeking expression of interest for strategic disinvestment of Air India. Mr Puri added that Air India is under a debt trap due to accumulated debt of around Rs 60,000 crore.After failing to sell majority stake in Air India in 2018, the government has worked on critical areas this time around to make the disinvestment bid more attractive to the prospective bidder, Mr Puri said.

27 Jan

Sensex Plunges 458 points, Nifty Closes Below 12,150; Bank, Metal Stocks Weigh

editor0 CommentsNorth East

The S&P BSE Sensex and NSE Nifty 50 indices lost more than 1 per cent, weighed down by weakness in banking, metal and financial services shares. The Sensex ended at 41155, weaker by 458 points or 1.1 per cent and the NSE Nifty 50 ended at 12,119, down 129 points or 1 per cent.Earlier in the day, the benchmarks opened lower tracking losses in other Asian peers as fears about the economic impact of China's spreading virus outbreak curbed risk appetite. Japan's Nikkei 225 fell nearly 2 per cent in early trade on Monday. Contracts on the S&P 500 Index…

27 Jan

1 Lakh Tons Of Dutch-Made Tata Steel Exempt From US Tariffs

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A US tariff on laminated steel used in packaging will not apply to Tata Steel products manufactured in the Netherlands, the Dutch foreign trade minister said on Monday.Sigrid Kaag told reporters that the US had agreed the products would be exempt from a 25 per cent tariff announced by the administration of President Donald Trump in June 2018, saving consumers and the company up to 100 million euros annually in tariff costs."The import tariffs on laminated steel have been retracted and that's wonderful news for Tata Steel," Kaag told reporters in The Hague. "It's good for us, and good for…

26 Jan

India’s Military Might On Display At Grand Republic Day Parade

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India celebrated its 71st Republic Day today with a 90-minute display of military might, cultural diversity and socio-economic progress. The armed forces took centre-stage parading an array of weapons, the Defence Reserch Organisation put up a display of state-of-the-art technology and the 22 tableaux held a spectacular display of colours, art and lifestyle. Brazil President Jair Bolsonaro was the Chief Guest. The ceremony started with Prime Minister Narendra Modi, in a first, visiting the National War Memorial instead of the Amar Jawan Jyoti, where he paid tributes to soldiers who died fighting for the country. The nation's armed forces took…

25 Jan

BML Munjal University announces two new specializations for MBA courses

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BML Munjal University (BMU), the Hero Group’s not-for-profit university, today announced the launch of specializations for MBA courses – Artificial Intelligence and Data Engineering & Operations and Supply Chain. The students will have the option to choose an area of specialization in the second semester. The specializations are aimed at making students ready for future technologies and the dynamic business and industrial environment. In addition, the University is accepting applications for the MBA Program for 2020- 22 batches. The applicants will have to fill in the online common application form available at www.bmu.edu.in/apply-page/, by January 30, 2020. The two new…

23 Jan

Strides Consumer forays into eastern Indianwith two uniquely formulated products

editor0 CommentsNorth East

Strides Consumer Private Limited (SCPL), a Bangalore –based consumer healthcare company, today marked its foot print into the eastern markets of India, after successful expansion in southern regions. With its entry, SCPL has launched two distinct products – NIXIT, an oral Nicotine Replacement Therapy (NRT)and JOINTFLEX, a topical analgesic cream for joint care. SCPL aims to offer the Indian consumers high quality and differentiated products inspired from the best of global products with Indian customization. Headed by industry veteran Mr. Subodh Marwah, SCPL has two marquee investors - India Life Sciences Fund with ~74% holdings and Strides Pharma Science Ltd (a listed…