Business - The Purbottar

16 Jul

Expedition is the essence, buyers complain that the price of raw grains is not being changed

Banasree SarkarBusinessBusiness

The task force has been raiding markets in various districts of West Bengal, including Kolkata, since the Chief Minister's order. But with the demand of a large part of the buyers, the campaign is fertilizer! The price of raw grains has not changed. During the campaign, the price decreased a little, but later it increased again. According to the task force, the price of vegetables is under control in the New Market of Kolkata. But in some cases, buyers in foreign markets are being charged higher prices. A few vendors are selling Sri Lanka at double the price. Onion and…

10 Jul

Samsung Launches New Foldable Phones Galaxy Z Fold6 and Z Flip6 to Elevate Galaxy AI to New Heights

Business BureauScience & Tech, TechnologyBusiness, samsung

Samsung today announced its all-new Galaxy Z Fold6 and Galaxy Z Flip6, along with Galaxy Buds3 and Galaxy Buds3 Pro at Galaxy Unpacked in Paris. With the introduction of the new Galaxy Z series, Samsung is opening the next chapter of Galaxy AI by leveraging its most versatile and flexible form factor perfectly designed to enable a range of unique mobile experiences. Galaxy AI uses powerful, intelligent, and durable foldable experience to accelerate a new era of communication, productivity, and creativity. “Samsung’s long history of innovation has allowed us to lead in the mobile space, creating the foldable form factor…

24 Feb

MG Comet EV Drive reaches Guwahati

Business Bureau0 CommentsBusinessBusiness

MG (Morris Garages), a British automobile brand with a 100-year-old legacy, reiterates its commitment towards faster adoption of Green Mobility in India with MG Comet EV. After covering more than 19 states, Smart and Sustainable MG Comet EV Drive reached Guwahati. The objective of the drive is to create awareness around EVs - a sustainable, practical, and economical mobility solution for cities like Guwahati. MG Motor India has launched Comet, a Smart EV, as a practical solution for urban mobility in India. The EV, designed with futuristic and user-friendly technologies, is easy to drive, maneuver, and park in congested areas.…

17 Feb

Spice Jet is doing business with around 45 airlines, Lack of money is burning Spice Jet!

editor0 CommentsBusinessBusiness, Business news, Spice jet

Air transport company Spice Jet is suffering from financial crisis. It is alleged that the financially dilapidated company is not able to pay employees on time. According to insider news, Spice Jet is not able to deposit the employees' provident fund on time along with the salary. Many people think that this is the result of continuous losses. Even, many people fear that the number of flights of that company may decrease in the coming days. However, Spice Jet has clarified its position on the issue of employee salaries. They said most of the workers are being paid on time.…

27 Jan

Bhavish Aggarwal’s AI startup Krutrim turns unicorn

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Krutrim, a homegrown AI company of Ola's Bhavish Agarwal, on Friday announced that it has successfully closed its first funding round with a significant $50 million investment. Led by key investors including Matrix Partners India, the round valued Krutrim at $1 billion, making it India's fastest unicorn and the country's first AI unicorn. On the announcement, Agarwal said, "At Krutrim, we are committed to building India's first complete AI computing stack. We are thrilled to announce the successful completion of our first funding round, which not only validates the potential of Krutrim's innovative AI solutions but also underscores investors' confidence…

18 Jan

Google CEO tells employees to expect more job cuts

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Google has laid off more than 1,000 employees across various departments since January 10. The announcement came in the form of an internal memo from CEO Sundar Pichai, who warned employees to brace themselves for additional cuts in the future, as reported by The Verge. Pichai addressed the entire Google workforce on Wednesday, revealing, "We have ambitious goals and will invest in our big priorities this year." The CEO acknowledged the challenges ahead, saying, "The reality is that to build this investment capacity, we have to make difficult choices." The impact of these "tough choices" has already been felt across…

09 Jan

DLF sells 1,113 luxury flats for Rs 7,200 cr within 3 days

Priyanka Bhowmick0 CommentsBusinessBusiness, INDIA

Despite the rise in real estate prices, several buyers in India are ready to pay for their dream homes. In the pre-formal launch sale of a luxury residential development worth around Rs 7,200 crore in Gurugram, Indians bought homes in just 72 hours. India's largest real estate developer, DLF, on Monday, announced the sale of the entire 1,113 luxury flats for Rs 7,200 crore in a project in Gurugram (DLF Prevana South) within three days of its pre-launch on strong demand from end-users and investors including NRIs. The new project is spread over 25 acres in Sectors 76 and 77…

08 Jan

Flipkart may fire up to 7% of employees by April

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Walmart-owned Flipkart has embarked on a retrenchment initiative that could reduce its total workforce by five to seven percent, according to a report in The Economic Times (ET). The move is part of the company's annual performance-based job cuts, which have been in effect for the past two years. The process is expected to be completed by March-April in line with the ongoing performance review and the end of the current financial year. The e-commerce giant, with 22,000 employees (excluding Mintra), has been proactively managing costs, including adding new hires over the past year. Currently, the company is finalizing a…

29 Dec

Zomato receives ₹ 401 crore show-cause notice on delivery charges

Priyanka Bhowmick0 CommentsBusiness, India, North EastBusiness, INDIA

Food delivery giant Zomato has received a Good and Services Tax (GST) notice on a tax liability of ₹401.7 crore. The Directorate General of GST Intelligence (DGGI) had sent tax notices to Zomato and Swiggy for not paying GST on delivery charges and said that delivery charges fall under the services category and companies are liable to pay 18 percent GST. Zomato responded to a show-cause notice issued by DGGI and said that it is not liable to pay any tax and said, "Delivery charges are collected by the company on behalf of the delivery partners. Further, as per the…

25 Dec

Apple halting Apple Watch Series 9 and Ultra 2 sales

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

As Apple Stores across the US begin closing for the day, Apple Watch Series 9 and Apple Watch Ultra 2 sales are officially in effect. Apple removed its flagship Apple Watches from its online store on Thursday, and now they're also being removed from the Apple Store. When Apple stores reopen after Christmas on December 26, the Apple Watch Ultra 2 and Apple Watch Series 9 will not be available. The ban on Apple Watch sales comes as part of a long-running patent dispute between Apple and medical device company Masimo. ITC ruled in October that the blood oxygen sensors…