Business – Page 2 – The Purbottar

13 Dec

Manish Malhotra unveils Air India’s new cabin crew uniforms

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Air India on December 12 unveiled uniforms for cabin crew and pilots designed by Manish Malhotra. The airline's female cabin crew will wear ombre sarees with a modern touch, while men will wear bandhgalas. For the cockpit crew, the famous couturier designed classic black suits. The new uniforms will be introduced in phases over the next few months, debuting with Air India's entry into service of its first Airbus A350. Ready-to-wear sarees can optionally be worn with comfortable pants. The airline, in a press release, said the move is to give maximum flexibility to female cabin crew to choose the…

06 Dec

Paytm to bring 10 million merchants on ONDC platform by 2025: report

Priyanka Bhowmick0 CommentsBusinessBusiness, INDIA

Vijay Shekhar Sharma, CEO and founder of Paytm parent One97 Communications, said on Monday that the company is considering bringing 10 million merchants by 2025 to the government-backed Open Network for Digital Commerce, adding that the firm has routed around 11.8 million customers from its products from the platform, news agency PTI reported. "Paytm's ecosystem is built around small merchants and our mission is to help small merchants and small businesses be part of the mainstream economy. We have done that through payments. We have paid new customers who want to get new customers. That's where ONDC comes in. We…

05 Dec

Byju’s founder Raveendran borrows money against his homes to pay staff salaries

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Byju Raveendran, the founder of Indian ed-tech company Byju's, pledged his home and those owned by his family members to raise money to pay his employees, Bloomberg News reported on Monday. The assets include two homes owned by the billionaire founder's family and an under-construction villa in the southern Indian city of Bangalore as collateral for a $12 million loan, the report said, citing people familiar with the matter. The surplus of funds will help pay the 15,000 employees of the troubled company's parent Think and Learn Pvt Ltd, the report added. The company is facing several setbacks, including investors…

02 Dec

Adani Group to invest Rs 7 lakh cr on infrastructure in next 10-years

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Billionaire Gautam Adani-led Adani Group plans to spend `7 lakh crore ($84 billion) over the next decade, mainly on infrastructure, Adani Group Chief Financial Officer Jugeshinder Singh said on Friday. It's the largest investment announced by the port-to-power company since the stock route, thanks to a report by US-based short-seller Hindenburg Research earlier this year. "Our capex will grow to operate and develop infrastructure," Singh said, without disclosing further details. On the fundraising plans, Singh said that between Adani Ports and SEZ, Adani Green Energy, Adani Power and Adani Enterprises, airports and roads will soon tap into the domestic bond…

30 Nov

D-Mart’s Radhakishan Damani tops Hurun’s list of 200 self-made entrepreneurs

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Radhakishan Damani, veteran investor and founder of retail chain D-Mart, has topped the list of top 200 self-made entrepreneurs of the Millennia 2023, with a market capitalization of Rs 2.38 lakh crore. He is closely followed by Binny Bansal and Sachin Bansal, founders of e-commerce behemoth Flipkart, with an equity value of Rs 1.19 lakh crore, according to an report of IDFC First Private Hurun India published on November 30. The list also includes Zomato's Deepinder Goyal and Dream 11 promoters Bhavit Sheth and Harish Jain, with a market cap of Rs 86,835 crore and equity value of Rs 66,452…

30 Nov

Gautam Adani back in world’s top 20 richest billionaires list

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Billionaire Gautam Adani is back in the league of the world's 20 richest people after a recent surge in the group company's shares. Adani is now ranked 19th on the Bloomberg Billionaires Index with a net worth of $66.7 billion as of 29 November. Adani Group stocks added over Rs 1.34 lakh crore to investors' wealth on Tuesday. While the group's market capitalization lost some gains on Wednesday, the rise lifted Adani into the top 20. Shares of Adani group companies rose after the Supreme Court upheld its confidence in SEBI's probe into the Hindenburg allegations. The top court, while…

29 Nov

Investing genius Charlie Munger passes away at 99

Priyanka Bhowmick0 CommentsBusinessBusiness

The death of Mr. Munger, Berkshire's vice chairman since 1978, marked the end of an era in corporate America and investment. "Berkshire Hathaway could not have been built to what it is today without Charlie's inspiration, wisdom and participation," Warren Buffett said in a statement. Tributes started pouring in from all corners Apple CEO Tim Cook paid tribute to Mr Munger He wrote, "A titan of business and keen observer of the world around him, Charlie Munger helped build an American institution, and through his wisdom and insights, inspired a generation of leaders. He will be sorely missed. Rest in…

28 Nov

Foxconn Plans Expansion In India With $1.6 Billion Outlay

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

iPhone maker Hon Hai Precision Industry Co. It plans to expand its footprint in India by investing another NT$50 billion ($1.6 billion) in construction projects. The announcement, made in an exchange filing in Taiwan late on Monday, gave no further details, saying only that the investment was "for operational needs". A company spokesman declined to say where the new facility would be or what they would build. Hon Hai, also known as Foxconn, and other Taiwanese electronics makers continue to diversify their businesses outside of China as tensions rise between Washington and Beijing.

27 Nov

IndiGo passenger shocked by missing seat cushion on flight

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

A passenger on an IndiGo flight from Pune to Nagpur was shocked when he reached her seat, only to find half of his cushion missing. The passenger, Sagarika Patnaik – a resident of Nagpur — was traveling for work on IndiGo flight 6E6798 early on Sunday morning. Sagarika's husband, Subrata Patnaik, told TOI that his wife was allotted a window seat, Number 10A. "Once she reached her seat, she was shocked to find the cushion missing," her husband said. Sagarika raised the matter with a cabin crew member, who in reply asked her to look at the cushion under the…

25 Nov

Nutritional intervention is crucial for promoting optimal growth and development

Business Bureau0 CommentsBusinessBusiness

India currently has 40.6 million stunted children under five, a significant number compared to the global childhood stunting burden of 149 million children under five. This lag in growth can be linked to lifestyle factors such as dietary habits and physical activity, leading to malnutrition such as stunting, underweight, and wasting. Nutritional intervention plays a pivotal role in promoting optimal growth and development, with the absorption of nutrients being essential for a child's catch-up growth and stronger foundation. Stunting can cause poor cognition, educational achievement, lost productivity, and negative impacts on overall health. Nutrient deficiencies can lead to immune deficiencies,…