Blog

14 Feb

Wholesale Inflation Worsens To 3.1% In January Amid Economic Slowdown

editor0 CommentsSikkim

Wholesale inflation worsened to 3.1 per cent in January from 2.59 per cent in the previous month, government data showed on Friday. The release of official data on wholesale inflation - or the rate of increase in wholesale prices - comes at a time when the economy is staring at the worst pace of annual expansion in more than 11 years, and the central bank has paused further monetary easing after reducing the key rates by 135 basis points (1.35 percentage point) last year.The build-up inflation rate came in at 2.50 per cent so far this financial year, as against…

14 Feb

President Donald Trump To Woo Indian Executives During New Delhi Visit

editor0 CommentsSikkim

US President Donald Trump will meet executives of large Indian companies with interests in the United States as he looks to drum up investments during his visit to New Delhi this month.‌Executives of some of the companies expected to attend the meeting include Reliance Industries, diversified group Tata Sons and auto sector companies such as Bharat Forge, Mahindra and Mahindra and Motherson Sumi, industry and business sources told Reuters.President Trump is scheduled to make his first visit as president to India on February 24-25 during which he will travel to Prime Minister Narendra Modi's home state of Gujarat followed by…

13 Feb

Heart-Warming Documentary on Kolkata Street Dogs

editor0 CommentsEntertainment

Bhalo theko is a short film starring Indian pariah dogs. It is directed by Saswati Bandyopadhyay and produced by Mise En Scene. It is created with original score by Prajna Dutta. "Being a documentary short film maker, I always feel that film is a better media to reach a larger section at a time. It's an appeal to our race to be empathetic to every lives of this planet. To aware Indian dog haters who are not compassionate of their own breeds, which r. no longer acceptable", says Saswati Bandyopadhyay, the director. Mr. Jesse Alk, being an ardent pariah dog…

12 Feb

Hero MotoCorp forays into connected mobility ‘Hero Connect’

editor0 CommentsBusiness

Reiterating its commitment to customer centric technology, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has introduced ‘Hero Connect’, a cloud-based solution bringingsmart riding experience for customers. Hero Connect, the new-age app for the new era of connected mobility, will be offered across segments with initial readiness in four models, including XPulse 200, Pleasure+, Passion XPRO and HF Deluxe.Offering security and safety through features like Live Tracking,Topple Alerts, Tow Away Alert, Geo Fence Alert, Speed Alert, etc; Hero Connect ensures safety when on the move or while parked.Driving insights based on the riders’ behavioural patterns is another core feature of…

12 Feb

Over 6.5 million (65 lakh) guests booked an OYO in January 2020

editor0 CommentsBusiness

OYO Hotels & Homes, a young hotel startup & the world’s leading chain of hotels, homes, and spaces, announced today that it has hosted 6.5 million guests in January 2020 alone in India. The company continues to deliver on its promise of doubling down efforts in providing enhanced customer experience as part of its 2020 priorities. Following improved communications and process changes, the company has also earned back the trust of over 100 asset owners across the country who have rejoined the OYO family in January. Witnessing a strong start to the year, OYO’s franchise hotels business has also maintained…

11 Feb

Economic Growth Set To Bounce Back As Slump Bottoms Out: Sanjeev Sanyal

editor0 CommentsSikkim

The economic growth is poised to bounce back after slipping to a more than six-year low of 4.5 per cent in the July-September quarter as the government has taken measures to prop up investments and consumer demand, a top government adviser said."Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further," Sanjeev Sanyal, principal economic adviser at the finance ministry, told Reuters.The Insolvency and Bankruptcy Code, introduced in May 2016, has helped banks to recover billions of dollars stuck in outstanding corporate loans and offer loans to new borrowers.

11 Feb

RBI Releases Draft Framework For New Payment System

editor0 CommentsSikkim

The Reserve Bank of India (RBI) on Monday published draft framework for authorisation of a new pan-India umbrella organisation for retail payment systems.The central bank has invited comments on the draft framework from all stakeholders by February 25.At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

11 Feb

Economy Not In Trouble; Green Shoots Visible, Says Nirmala Sitharaman

editor0 CommentsSikkim

Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoots are visible with the country moving towards a $5 trillion economy. Listing initiatives taken by the government, she said, increasing Foreign Direct Investment (FDI), rise in factory output and over Rs 1 lakh crore GST collection in the past three months are indications of green shoots in the economy.

10 Feb

Apollo Gleneagles Times Half Marathon concluded amidst much fun fare

editor0 CommentsSports

The much awaited Apollo Gleneagles Times Half Marathon was flagged off today in the presence of Lt Gen Anil Chauhan, GOC, Eastern Command, Ms Nusrat Jahan,MP, INDIA, MR Debasish Kumar, MMIC, KMC, Mr Prasenjit Chatterjee, actor & Ms Ritabhari Chakraborty, actor. Thousands of runners participated in the marathon for clean & fresh air in the city. The Air Quality Index (AQI) in Kolkata was recorded at 343, which falls in the ‘very poor’ category, at the green zone Fort William automated air monitoring station recently. According to WHO, murky air kills an estimated 7 million people worldwide every year and…

10 Feb

Two-wheeler industry need more time for positive turnaround as Hero MotoCorp reports revenue of Rs. 6,997 Crore in Q3 of FY’ 20

editor0 CommentsSikkim

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters today reported it’s financial performance for the third quarter (October-December 2019) of the financial year 2020. The company’s Revenue from Operations for the quarter stood at Rs. 6,997 Crore as compared to Rs. 7,865 Crore in Q3 FY’19. Consolidated Revenue and PAT stood at Rs. 7075 Crore and 905 Crore respectively for the quarter. EBIDTA margin for the quarter stood at 14.8%. Hero MotoCorp today also announced an interim dividend of 3250% amounting to Rs. 65 per share. Niranjan Gupta, Chief Financial Officer (CFO), Hero MotoCorp, said, “The two-wheeler industry continues to face challenges amidst an…