Business

26 Feb

Samsung Launches Exciting 2020 Range of Room Air Conditioners,

nebm0 CommentsBusiness

Samsung, India’s largest and most trusted consumer electronics and smartphones brand, today launched its new 2020 air conditioners line-up in West Bengal, introducing models across segments and at very competitive price points, thereby becoming a full range player in the AC category. With this new line-up Samsung is aiming to double its AC business in West Bengal. The new line-up of 41 models, aesthetically designed and priced to suit every home, comes with attractive floral patterns and premium strip design. Samsung has also expanded its copper condenser range to 32 models to match customer demand across the country, in each…

25 Feb

Facebook Invests In Indian Education Startup Unacademy

nebm0 CommentsBusiness, North Bengal

Social media giant Facebook on Wednesday joined General Atlantic, Sequoia India and others for a fresh $110 million round of funding into one of India's fastest growing education technology start-up Unacademy.This is the second investment by the social networking giant in India. Last year, Facebook made its first minority investment in a local startup called Meesho, a social-commerce venture empowering first-time entrepreneurs, especially women in small towns."We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us. Our goal is to democratise…

25 Feb

Increase In Public Float To 35% May See Action Next Fiscal

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With the 2019-20 fiscal coming to an end soon, the Budget proposal to consider raising the public float in listed companies to 35 per cent may see some action in the next financial year, officials said on Tuesday. It needs examination of impacts and trends, and also seek stakeholders' views that takes time, they said, adding that there could be action on this front in the next fiscal. Market regulator SEBI has to submit a report to the Finance Ministry on the current Budget proposal to consider raising the current threshold of 25 per cent to 35 per cent.

24 Feb

Mukesh Ambani’s Big Revamp Of TV Business Before Potential Stake Sale

nebm0 CommentsBusiness, North East

Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is merging its media and distribution businesses spread across multiple entities into Network18 Media & Investments Ltd. to help simplify the structure of the assets.The broadcasting business, TV18 Broadcast Ltd., will be housed in Network18, while the cable and internet services will be folded under two separate wholly owned units of Network18, Reliance Industries said in a statement late Monday.Under the recast, the share exchange ratio would be:92 shares of Network18 for every 100 shares of TV1878 shares of Network18 for every 100 shares of Hathway Cable & Datacom Ltd.191 shares…

24 Feb

Pay Hikes In India To Fall To Decade Low In 2020

nebm0 CommentsBusiness, North East

A new survey report on Tuesday said that India will see the lowest salary increase in a decade this year and even the real estate and transport sector -- the top national job generators -- will witness lowest pay hikes in 2020.The sharpest drop in pay hikes was projected in the auto sector, reflecting its stress; e-commerce sector was seen giving a double-digit pay hike -- among the highest across 20 sectors -- surveyed by on Plc, a human resource consultancy firm ."The vehicle manufacturing industry reported the biggest drop, from 10.1 per cent in 2018 to 8.3 per cent…

24 Feb

Sensex, Nifty End At Two-Week Lows; Telecom Stocks Plunge

nebm0 CommentsBusiness, North East, Siliguri

The S&P BSE Sensex and NSE Nifty 50 indexes fell for fourth day in a row to close at lowest level in two weeks on Tuesday weighed down by weakness in HDFC, Reliance Industries, Bharti Airtel, IndusInd Bank and Maruti Suzuki. Telecom shares were among the worst hit in trade a day after telecom firms Bharti Airtel and Vodafone Idea partly paid the adjusted gross revenue dues as directed by the Supreme Court. The Sensex fell as much as 445 points to hit an intraday low of 40,610.95 and the NSE Nifty 50 index broke its psychological important level of…

21 Feb

Budget 2020: Impact on the Indian economy

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Calcutta Chamber of Commerce take on union budget 2020 2021and its impact on economy.The guest of honor present was Shri Sumit Dutt Majumder Shri Gaurav Swarup CA Dipankar Chatterjee Shri Saurabh Kedia and Shri Rajeev Maheshwari . The main point of discussion were the whole excise is an opportunity for the government to unfold the economic policies for sustainable growth of economy. The budget has foccused on the ease of living when it is talked about . It has focussed on startup scheme , msme sector as well as on the new economy that focuses om Al quamtam technology alongwith…

19 Feb

EESL signs MoU with BSNL to install 1000 public charging stations across India

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Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under Ministry of Power, Government of India, has signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL), an Indian state-owned telecommunications company for the installation of public charging stations to boost e-mobility adoption across India. Under the partnership, EESL will set up public charging stations in 1000 BSNL sites in a phased manner on a pan India basis. EESL will make the entire upfront investment on the services pertaining to the MoU, along with the operation and maintenance of the charging infrastructure by using qualified personnel.…

17 Feb

-Launch of study for India’s Best Workplaces in Health and Wellness

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In India, organizations are under immense pressure to thrive in constantly changing internal environment and rapidly evolving market situations. Thus, it is no surprise that workplace wellness is increasingly being featured as part of strategic initiatives in the corporate agenda. Hence, there is a growing need to study and improve wellness at workplaces. To create awareness on the same, Great Place to Work® India and MediBuddy have launched India’s first and the largest study to identify “India’s Best Workplaces in Health and Wellness.” with Shaheen Bhatt, Author of ‘I have never been (Un) happier’. Commenting on the partnership Mr Prashant Jhaveri, CEO, MediBuddy says, “Our association and involvement in…

16 Feb

After Sensex, Nifty Rise For Second Straight Week, Analysts See Some Pressure Ahead

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Domestic stock markets managed to register a second straight weekly gain as weakness in banking stocks offset strength in IT shares. The S&P BSE Sensex index and the broader NSE Nifty benchmark climbed 115.89 points - or 0.28 per cent - and 15.1 points - or 0.12 per cent - for the week. In the previous week, the benchmark indices had soared 1,406.32 points (3.54 per cent) and 436.5 points (3.74 per cent) respectively, following Budget announcements which some analysts say may support the economy in the long run.Overall trend in the markets was negative, with only select stocks helping…