BUSINESS

07 Jun

India’s biggest packaged water company proposes framework to establish water credits for the beverage industry

Business CorrespondentBUSINESS

Bisleri International, India's leading mineral water company along with the TERI School of Advanced Studies has started an innovative study titled " Water Credits: Impact-Adjusted Virtual Water Footprint". This joined effort sets a benchmark for the beverage industry's commitment to water conservation. The study aims to set up a framework for water credits, akin to carbon credits, to upgrade sustainable water management. Unlike carbon emissions, water savings need a localized approach, factoring in variables such as rainfall and consumption at a watershed level. The study analyses the overall water footprint of the beverage industry, providing a comprehensive understanding of water…

07 Jun

Grand Opening Of Kawasaki Flagship Showroom in Jorabat, Meghalaya

Business CorrespondentBUSINESS

Kawasaki India Motors, a Japanese super bike company is opening its new door in the form of the new Kawasaki Flagship showroom in Jorabat, Meghalay this afternoon amidst a grand celebratory inaugural function. Mr. Manish Saxena, Sales & Marketing Head (India Kawasaki Motors), Mr. Ashish Sattikar, Homologation, Regulation & Tech Services, Mr. Harshal Dange, ASM (India Kawasaki Motors) will be gracing the inaugural programme of the evening that will commence with lamp lighting, cutting of the cake, cutting of the ribbon etc. The same will be followed by refreshment, exciting gifts, exclusive offers and many more attractive things. Presence of…

31 May

UAE ANNOUNCES MIDDAY WORK BREAK FROM JUNE 15

Business CorrespondentBUSINESS

The Ministry of Human Resources and Emiratisation made an announcement of the Midday Break - prohibiting work under direct sunlight and in open-air areas across the UAE - between 12:30 and 15:00, from 15th June until 15th September, 2024. The Midday Break takes into consideration the need to keep regularity in certain jobs that affect the community as a whole. Jobs which are required to be done without uninterruption are exempted from implementing the decision for technical reasons. These include laying asphalt or pouring concrete if it is inconvenient to postpone these tasks until after the Break. Also on the…

18 May

India’s economic flourish forecast for 2024 has been revised by the United Nations to about 7%

Priyanka RoyBUSINESS

The United Nations has revised India's growth projections for 2024, with the country's economy now projected to grow about seven percent this year, driven mainly by strong public investment and resilient private consumption.“India's economy is projected to grow by 6.9% in 2024 and 6.6% in 2025, driven mainly by strong public investment and resilient private consumption,” said the World Economic Situation and Prospects to mid-2024 released on Thursday. "Even though weak external require will continue to weigh on merchandise export growth, exports of pharmaceuticals and chemicals are expected to expand strongly". The mid-year update projected economic growth of 6.9% for…

17 May

Nepal bans Indian spice brands Everest and MDH, starts test for ethylene oxide

Business CorrespondentBUSINESS

After Singapore and Hong Kong, Nepal has also took a decision to ban the consumption and sale of spices made by Everest and MDH amid concerns over traces of harmful chemicals in the products. Nepal's Department of Food Technology and Quality Control has began testing the spices from the two Indian brands for ethylene oxide, a cancer-causing pesticide, ANI reported. "Everest and MDH brand spices have been banned from import... we also have banned the sale of them on the market. This comes after the news about traces of harmful chemicals in the spices," Mohan Krishna Maharjan, spokesperson of Nepal's…

16 May

PhonePe & LankaPay to strengthen UPI payment acceptance in Sri Lanka

Business CorrespondentBUSINESS

PhonePe on Wednesday(15, May 2024) joined hands with LankaPay to allow its users to pay using UPI across Sri Lanka. To mark the partnership, PhonePe said its app users traveling to Sri Lanka can do payments using UPI across LankaPay QR merchants. The transactions will be promoted by the UPI and LankaPay National Payment Network. Users can now scan LankaQR code to make secure and quick payments without carrying cash or calculating currency conversions. The amount will be debited in INR, displaying the currency exchange rate. PhonePe's CEO, International Payments, Ritesh Pai, said the partnership with LankaPay offers unparalleled convenience…

11 May

Birla Fertility & IVF announces the acquisition of ARMC IVF Fertility Chain

Business CorrespondentBUSINESS

Birla Fertility & IVF, one of India’s leading IVF networks, a part of the USD 2.9bn C K Birla Group, announced its acquisition of ARMC IVF Fertility Centre, marking the network's entry into South India. Currently, Birla Fertility & IVF operates 30 centres and with this acquisition, it will expand its presence across Kerala, Karnataka, and Tamil Nadu, now operating a total of 37 centres across the country. The acquisition marks Birla Fertility & IVF’s reach as a leading partner, meeting the growing nationwide demand for people looking for a trustworthy and proficient partner to go to for their fertility…

10 May

Mamaearth’s latest campaign showcases the beauty of glass-like skin with its Rice Facewash

Business CorrespondentBUSINESS

Mamaearth, known for its natural personal care products, has launched a new digital campaign focusing mainly on its Mamaearth Rice Facewash. The campaign focuses on celebrating the beauty of glass-like skin and highlights the product’s connection to the traditional Korean beauty practice of using rice water for skincare. The campaign clip unfolds in an office setting after hours, where a young Korean intern admires a colleague’s radiant skin. Being fascinated by her glowing skin, she asks about the secret, leading to the revelation of Mamaearth Rice Facewash as a simplified alternative to traditional rice water skincare routines. The film reveals…

07 May

HDFC Bank reappoints Atanu Chakraborty as part – time chairman for 3 years

Business CorrespondentBUSINESS

HDFC Bank Limited announced the re-appointment of Atanu Chakraborty as the part-time chairman of the bank for a period of three years effective from May 5, 2024, to May 4, 2027. The Reserve Bank of India(“RBI”)vide its communication dated May2,2024,has approved the re-appointment of Mr. Atanu Chakraborty as the part time chairman of the bank under Section10B (1A)(i)of the Banking Regulation Act,1949 for a period of three years. Pursuant to the approval by the RBI and based on the recommendation of the Nomination and Remuneration Committee, the board of directors of the bank has approved the reappointment of Atanu Chakraborty…

06 May

Paytm shares recession 5% after resignation of COO Bhavesh Gupta

Priyanka RoyBUSINESS

Shares of Paytm's parent company One97 Communications fell 5% on May 6, Monday. After Bhavesh Gupta, President and Chief Operating Officer of Paytm, resigned from the company. The stock of fintech businesses fell4.99 per cent to Rs351.70 to reach the lower circuit limit on BSE. It fell 5 percent to Rs351.40 on NSE. As a part of his responsibility, Gupta was handling the loan business, online and offline payments and compliance. The RBI ban on Paytm Payments Bank (PPBL) had an adverse impact on the raised he led. Gupta has now come into the part of advisor. Paytm talked that…