Business

02 Sep

Contribution of Indus Towers during this Lockdown in Sikkim

editor0 CommentsBusiness, North East, Sikkim

Supporting the country’s fight against COVID-19 as a committed partner, Indus Towers has been working relentlessly in Sikkim ensuring an average uptime of 99.90% during the lockdown period and the following months. While adhering to social distancing norms, Indus Towers is playing a crucial role in keeping the 164 mobile towers and 319 tenancies operating and enabling seamlessly connectivity across the state especially during the period of lockdown. With towers even in high altitude places such as Lachung and Lachen which supported the local administration with essential services as well as the general public. Going above and beyond, field personnel…

01 Sep

BKT Tires associates itself with upcoming T-20 League

editor0 CommentsBusiness, Sports

Balkrishna Industries Limited (BKT Tires) will sponsor six teams in the upcoming T-20 league for Season 2020, namely Mumbai Indians, Chennai Super Kings, Delhi Capitals, Kings XI Punjab, Kolkata Knight Riders and Rajasthan Royals. BKT has already been promoting this sport by supporting the KFC Big Bash League (BBL) based on an agreement with Cricket Australia. Whether it is about cricket, football, or the amazing stunts at Monster Jam – BKT loves the sport because it fully reflects its corporate philosophy. The company had, for instance, a partnership with Patna Pirates, Puneri Paltan, Tamil Thalaivas, U Mumba, Gujarat Fortune Giants,…

01 Sep

Q1 GDP data: Employment-creating sectors bear brunt of slowdown

editor0 CommentsBusiness

The April-June quarter GDP data, released on Monday, showed thedeepest damage in the employment-creating sectors, likeconstruction and manufacturing. This comes at a time the Centreand the Finance Ministry are talking about green shoots in theeconomy.According to the data released by the National Statistical Office, theconstruction sector fell a staggering 50.3 per cent, whilemanufacturing sector contracted by 39.3 per cent, at constantprices.New investments as a percentage of GDP, measured by gross fixedcapital formation, came in at 19.5 per cent (at nominal prices),which is the lowest since the new GDP series with the 2011-12 baseyear began, said Madan Sabnavis, Chief Economist with…

01 Sep

GST compensation row: State govts ask Centre to borrow and pay

editor0 CommentsBusiness, North Bengal

Terming the two options proposed by the Union government as“unconstitutional,” “illegal” and “a betrayal of the spirit ofcooperative federalism,” key opposition-ruled states pressed theCentre to borrow in order to compensate states for the entire goodsand services tax (GST) shortfall ‘regardless of Act of God’.While six states – Kerala, Telangana, Chhattisgarh, Delhi, Punjaband West Bengal – huddled over a video-conference meeting onMonday to thrash out a strategy to take on the Union government,some states separately shot off letters to the Centre, expressingdisapproval of putting the onus of borrowings on states.The finance ministry on Saturday officially communicated the finerdetails of the two…

31 Aug

PANDEMIC vs ECONOMY :Domestic petrol prices increased

editor0 CommentsBusiness

Domestic petrol prices were increased by 9-11 paise per litrein the metros on Friday whereas diesel rates were leftunchanged at existing levels. In Delhi, the price of petrolwas raised to ₹ 81.94 from ₹ 81.83 per litre with effect from6 am on August 28, while that of diesel was retained at ₹73.56 per litre, according to notifications from state-runIndian Oil Corporation. In Mumbai, petrol price was revisedto Rs 81.94 per litre, from ₹ 88.48, while diesel rate wasmaintained at ₹ 80.11 per litre. This pandemic has been hitting hard on the economy leading to the price of the goods and…

31 Aug

Rupee yet again comes down by 22 Paise Against Dollar weakening the GDP

editor0 CommentsBusiness

Indian Rupee vs U S Dollar : The value of Indian rupee weakened by 22 paise or 0.30 per cent - to end at 73.62 against the US dollar on Monday, caused by the hit on economy due to coronavirus pandemic. After starting the day mildly stronger at 73.23 compared to its previous close of 73.40, the rupee reversed direction and traded within a range of 73.23-73.69 during the four-hour session. Currently, the rupee has taken its recovery from an all-time low of 76.91, registered in April, to 4.28 per cent. However, it is still down 3.17 per cent against…

31 Aug

Jio Fiber broadband new plans

editor0 CommentsBusiness

The Reliance Jio company has revamped its Jio Fiber broadband plans to make the service more enticing for the customers. The new Jio Fiber plans are priced starting just Rs. 399/month. Not only this JioFiber is also available on a no-condition 30-day free trial as well for new users. Jio says that these plans will have symmetric speed, that means download speed will be equal to upload speed, something that wasn't the case before. As part of the trial period, new JioFiber customers will get 150 Mbps internet speeds, 4K Set-Top Box with access to top 10 paid OTT apps…

31 Aug

JSW One commences operations in Eastern Region

editor0 CommentsBusiness

Under an integrated JSW One initiative, JSW Group is combining its distribution and supply chain expertise across the Steel & Cement businesses. JSW Group has presence in Steel, Cement & Paints business in India. All these three products have a common set of customers as they are essential in building a home. In order to reach out to these consumers & channel partners, an integrated effort is being mobilized through this unique initiative by JSW group. In the East region, JSW One has commenced operations. It will be scaled-up pan-India over the next couple of years. It will derive synergies…

31 Aug

Improvement of NH in Manipur: REPL appointed as a consultant

editor0 CommentsBusiness

Rudrabhishek Enterprises Limited (REPL) has been appointed as supervision consultant for widening and improvement of a section of NH-39 & NH-102C in Manipur by National Highways & Infrastructure Development Corporation Limited (NHIDCL) appoints. The agreement was signed in Delhi on 19 August. The project is to widen and improve the Imphal-Moreh section (29.731 km) on NH-39 in Manipur. The project also includes the construction of Moreh Bypass (2.52 km) to two-lane with a paved shoulder on NH-39 near Indo-Myanmar border, and widening and strengthening to two-lane with hard paved shoulder of Pallel-Chandel section (18.292 km) of NH-102C. The total stretch…

30 Aug

Britannia Cake breaks the lockdown woes

editor0 CommentsBusiness

With the aim to create excitement and delight amongst kids and in turn help the parents in bringing a smile on their kid’s face Britannia Cake has come up with the brand-new Britannia Cake Layerz – with indulgent crème sandwiched between two delicious layers of Cake. Britannia Cakes recently released a TV campaign, announcing the launch of this exciting new format. The campaign brings out some of the indulgent aspects of Britannia Cake Layerz that make it kid’s favourite. Britannia Cake Layerz has been launched in an indulgent offering of INR 5 and two exciting flavours – Chocolate and Orange.…