Business – Page 5 – The Purbottar

02 Nov

ED attaches assets worth Rs 538 crore of Jet founder Naresh Goyal

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

The Enforcement Directorate (ED) has attached assets worth Rs 538 crore of Jet Airways founder Naresh Goyal, his family members and companies in London, Dubai and India, Central Investigation Agency officials said on Wednesday. They added that the action was taken as part of a money laundering investigation linked to an alleged bank loan fraud.ls said. The attached property has 17 residential flats, bungalows and commercial space, officials said. Located in London, Dubai and various cities in India, these properties are held in the names of different companies such as Jetair Pvt Ltd and Jet Enterprises Pvt Ltd, Goyal, his…

01 Nov

Commercial LPG cylinders’ prices hicked from today

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Oil companies have hiked the price of commercial LPG cylinders by Rs 101.50 from November 1. Now, as per the new rates, a commercial cylinder of LPG will now be available at Rs 1833 in the capital Delhi. Now a 19 kg commercial LPG cylinder will cost Rs 1,785.50 in Mumbai, the cheapest among the four metros. The price in Chennai will be dearest, Rs 1,999.50. It will retail for Rs 1,833 in Delhi and Rs 1,943 in Kolkata. The new price of LPG cylinders will be applicable only on 19 kg commercial cylinders. There will be no change in…

31 Oct

Tata Motors wins arbitral proceedings against WBIDC, secures ₹765.78 crore award

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Tata Motors shares rose 2% in early trade on Tuesday, before paring some gains, a day after the company was compensated 7.66 billion rupees ($92.00 million) for investment in its Singur plant in West Bengal. A three-member arbitral tribunal said Tata Motors was entitled to recover money from the West Bengal Industrial Development Corporation for investment losses related to automobile facilities, according to an exchange filing. The currently closed Singur plant was initially set up to manufacture Tata Nano cars at an investment of Rs 10 billion. A land dispute forced Tata Motors to shift its manufacturing facility from Singur…

30 Oct

VinFast scouting for sites for EV facility in India

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Vietnamese electric vehicle (EV) manufacturer Vinfast Auto is looking for sites to set up a manufacturing facility in India and has reviewed two locations in Tamil Nadu, a report said. The team from Vinfast, which will start manufacturing EVs in 2021, visited sites in the Manalur region north of Chennai and Tuticorin, the state's southernmost district, sources said.The auto company is all set to evaluate plots in Gujarat soon, the report added. “VinFast is interested in Tamil Nadu and Gujarat as it needs a port. Tamil Nadu is an advantageous option for the company due to the state's east-west connectivity,"…

27 Oct

Govt raises alarm on unfair airline practices, calls for action

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Amid a surge in consumer complaints against airlines, the government has called a meeting of these companies and online travel aggregators on November 8. The National Consumer Helpline run by the Department of Consumer Affairs (DoCA) has received thousands of complaints on a range of issues including delays in processing refunds after ticket cancellations, denial of boarding despite valid tickets and 'misleading claim practices' such as showing seats as paid. ' despite offering a mandatory web check-in service for free. According to government data, out of more than 10,000 complaints received against various airlines and travel facilitation portals in the…

20 Oct

Google has a plan to ‘mainstream’ Pixel phones in India

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Google announced on Thursday that it plans to start manufacturing Pixel smartphones in India. The search giant will manufacture the Pixel 8 in India and the first units are expected to be available in 2024. The company launched the Pixel 8 earlier this month in India and the global market along with the more premium Pixel 8 Pro model. The handset is powered by a custom Google Tensor G3 chip and a Titan M2 security chip. The phone has a dual rear camera setup and is claimed to offer up to 72 hours of battery life with Extreme Battery Saver…

20 Oct

WhatsApp users can now open two accounts on the same phone

Priyanka Bhowmick0 CommentsBusiness, India, North EastBusiness, INDIA

Numerous corporate offices have adopted WhatsApp for their internal communications, appreciating its convenience and convenience. The challenge of distinguishing between personal and professional conversations has continued for some time. In a recent announcement, Mark Zuckerberg has unveiled a practical solution to this problem. He shared a Facebook post containing a screenshot of WhatsApp's account-switching feature, along with a caption anticipating the upcoming ability to manage two WhatsApp accounts within a single app on one's phone. The caption of the post reads, "Switch between two accounts on WhatsApp. Soon you will be able to have two WhatsApp accounts on one phone…

19 Oct

Dabur shares dip on cancer allegations in US

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

Shares of Dabur Ltd fell sharply on October 19 on heavy volume after the company informed the stock exchange on October 18 of pending litigation against three US subsidiaries. According to the BSE filing, the cases are in the preliminary discovery stage of litigation and allege that a hair-relaxer product contains chemicals that can cause ovarian cancer, uterine cancer and other health problems. Lawsuits have been filed in both federal and state courts in the United States and Canada. Federal cases in the United States are consolidated as multi-district litigation, also called MDL. Dabur's subsidiaries Namaste, Dermoviva, and DINTL have…

18 Oct

Elon Musk starts charging new users to create account on X

Priyanka Bhowmick0 CommentsBusiness, InternationalBusiness, international

X, the social network formerly known as Twitter, has begun testing $1-per-year subscription fees for new accounts on the web that want to post or interact with other users, saying this measure can reduce spam, automated bot accounts, and manipulation of its services. The test, called "Not a Bot," has been launched in New Zealand and the Philippines, X said in a blog post on Tuesday. New users who do not pay a fee cannot take certain actions, including writing, liking, replying or bookmarking posts on the site. "This will evaluate a potentially robust measure to help us combat bots…

18 Oct

India to see record high business of Rs 4.25 lakh crore from 35 lakh weddings

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, INDIA

According to a survey conducted by the research wing of the Confederation of All India Traders (CAIT), the wedding business is expected to register a record this year with around 35 lakh weddings and a turnover of around Rs 4.25 lakh crore, the highest ever. Traders across the country, including Delhi, are gearing up and preparing themselves for the upcoming wedding season, the first spell of which will begin from November 23 to December 15. "In Delhi alone, more than 3.5 lakh weddings are expected to take place this season, which could generate a business of around Rs 1 lakh…