Business - The Purbottar

05 Aug

Prevention of Counterfeiting and Smuggling Program by FICCI-CASCADE

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Despite various anti-counterfeiting strategies such as raids, use of multiple packaging technologies, consumer education and consultations with government agencies the menace of smuggling and counterfeiting is on the rise. In pursuance of its mandate, FICCI-CASCADE held a program on ‘Prevention of Counterfeiting and Smuggling’ (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy). The key recommendations of the program included, capacity building in terms of skill, infrastructure and technology amongst the law enforcement agencies in improving the detection and investigation of crimes. The capacity building program saw participation of several officers of West Bengal Police from Bankura, Islampur, Jagipur, Uttar…

05 Aug

Sunhearrt Group and Ajanta Oreva Group

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Sunshine Tiles Company Private Limited owns ‘Sunhearrt brand’. Sunhearrt has become the 6th youngest brand in the Indian ceramic industry today. Sunhearrt has maintained its position as the number one exporter in the Indian ceramic industry for consecutive five years along with the status of the first three-star export house in India. Now, Sunhearrt Group joined hands with Ajanta Oreva Group to form a joint venture for India’s biggest vitrified tiles plant. Mr. Bhudarbhai, Chairman, Sunhearrt Group said, “With this joint venture with Ajanta Oreva Group led by Mr. Jaysukhbhai Bhalodia and our mammoth plant at Samakhiyali, Gujarat, we are…

04 Aug

Electricity derivatives are set to transform India’s power sector

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Electricity is a part of 91 commodities notified by the Government and the annual size of India’s electricity market is approximately Rs 500,000 crores, on which India consumes about 1,300 billion units on an annual basis. The government clearly intends to deepen and evolve India’s power market. The short-term power market is about 11-12% of India’s power sector accounting for 140 billion units of the total. As per the recent power market statistics by the central regulator – CERC dated November’20, the Exchange now represents 50% share of India’s short-term market and represents an immense potential for further growth and…

04 Aug

V-Mart Retail Ltd to enter South India

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V-Mart Retail Ltd. (V-Mart), India’s leading value fashion retailer, has signed definitive agreements to acquire the assets of all stores, warehouse, inventory as well as the store brand ‘Unlimited’ from Arvind Lifestyle Brands Ltd (ALBL), a wholly-owned subsidiary of Arvind Fashions Ltd (AFL) at their book value, with an estimated outlay of about Rs 150 Cr. Unlimited operates a chain of 74 value fashion retail stores across South and West India and V-Mart will acquire all of the existing running stores of ‘Unlimited’. V-Mart will be debuting in South India and helping customers meet their fashion aspirations through its vast…

03 Aug

Amazon.in announces Great Freedom Festival

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Amazon.in announced ‘Great Freedom Festival’ offering big savings on a range of products from August 5 to August 9. Customers can shop from millions of products offered by sellers including artisans & weavers, women entrepreneurs, start-ups, brands, and local neighbourhood stores across hundreds of categories including Mobile Phones, Laptops, Electronics, Amazon Business, Fashion & Beauty Essentials, Home & Kitchen, Groceries, Large Appliances, Work & Study from Home Essentials, and more. Customers shopping during the Great Freedom Festival can save more by getting extra 10 % instant discount with SBI Credit cards and Credit EMI. This Great Freedom Festival, customers can…

03 Aug

Nissan India wholesales 8156 vehicles

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Nissan India announces a wholesale of 4259 vehicles for July’21 for the domestic market, its highest monthly sales in the last 3 years on the strength of the successful launch of all-new Nissan Magnite. Exports of 3897 units came on the strength of addition of Nissan Magnite in the export markets. A pioneer in electric vehicles globally, Nissan recently launched the Nissan LEAF electric vehicle in Nepal, adding to the strength of its product portfolio after the successful launch of Nissan Magnite in the Nepal market. The all-new Nissan Magnite comes with the best ever, lowest-in-class maintenance cost with a…

03 Aug

HDFC NIFTY50 Equal Weight Index Fund NFO

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A New Fund Offer (NFO) has been launched by HDFC Asset Management Company Limited (Investment Manager to the schemes of HDFC Mutual Fund) - HDFC NIFTY50 Equal Weight Index Fund. HDFC NIFTY50 Equal Weight Index Fund will take exposure to all the stocks in the index with intent to participate in the growth story with no market-cap bias. HDFC NIFTY50 Equal Weight Index Fund will offer exposure to Top 50 large companies on the NSE with equal weight to each stock. The equal weight aims to reduce risk of stock/ sectoral concentration. HDFC NIFTY50 Equal Weight Index Fund is suitable…

02 Aug

StanPlus to expand its ambulance network

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StanPlus, India’s leading private patient logistics and emergency medical response company, has announced its expansion plans. Having created an expansive Red Ambulance network across Hyderabad and Bangalore, the company will now operate its own fleet across major cities including Mumbai, Chennai, Delhi, Kolkata and Pune. The move is in line with StanPlus’s aggressive expansion plans slated for the next 5 years, wherein it will expand its fleet to maximum cities in a bid to serve more people with advanced services across the country. The company is also looking to expand its market share while increasing its service territory bandwidth, adding…

02 Aug

Bandhan Bank’s growth journey continues

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Bandhan Bank announced its financial results for the first quarter of financial year 2021-22. The Bank continued to witness business growth, despite the challenging economic situation. The Bank’s total business grew 17% year-on-year to reach Rs. 1.57 lakh-crore as on June 30, 2021. The Bank serves 2.35-crore customers through 5,574 banking outlets. The total number of employees working at Bandhan Bank stands at 51,054. The branch network in areas outside the East and Northeast is also being expanded to bring world-class banking services to more Indians. During the first quarter of the current financial year, the Bank’s deposit book grew…

31 Jul

Real estate continues to be preferred asset class for investment

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Real estate continues to be the preferred asset class for investment in the wake of the COVID-19 pandemic, but majority of homebuyers want discounts along with flexible payment options as an incentive, according to the Housing.com and NAREDCO survey. The real estate portal conducted the survey between January to June this year of more than three thousand consumers. According to the survey findings, real estate is the preferred mode of investment for 43 per cent of respondents, followed by stocks 20 per cent, fixed deposit 19 per cent, and gold 18 per cent. The majority of the respondents (71%) feel…