Category: Business

Indian-American-couple-donate

Business / International / News & Politics

₹ 1 Crore Donated For Healthcare In Bihar And Jharkhand

Bihar Jharkhand Association of North America (BJANA) received a generous donation of over ₹ 1 crore for healthcare works for the needy, underprivileged and deprived community of Bihar and Jharkhand states.

Who is that Indian-American couple?

The couple is Ramesh and Kalpana Bhatia and they have Ramesh and Kalpana Bhatia Family Foundation for philanthropic work. Kalpana Bhatia runs a successful business in Texas, America. She came from NIT Patna. They used their foundation to donate the money to BJANA that will invest the money for healthcare development in Bihar and Jharkhand in two stages through Pravasi Alumni Nisshulk (PRAN) initiative.

What is Pravasi Alumni Nisshulk (PRAN)?

PRAN is an initiative by a group of Indian-American physicians determined to make healthcare services accessible to all underprivileged communities of Bihar and Jharkhand. PRAN-BJANA clinic initiative is the name given to the healthcare project that would start in the two states.

The first PRAN clinic has already been set in Ranchi and healthcare services started for the needy across the state. The doctors at the clinic are trying their best to provide quality healthcare to the underprivileged community.… Read the rest

Bharat-Bandh-From-6-AM-To-6-PM

Business / News & Politics

Farmer Body Calls For Bharat Bandh From 6 AM To 6 PM On March 26, Finds Support In Andhra Pradesh

Call for Bharat Bandh by farmer unions on 26th March from 6 am to 6 pm got the support of YSR Congress Party (YSRCP) in Andhra Pradesh. The Samyukta Kisan Morcha (SKM), a front of protesting farmers, has called for a nationwide strike when their protest completes four months.

What will be closed during Bharat Bandh on 26th March?

According to a report, the SKM has called for a complete nationwide strike on 26th March and appealed to the nation to make this strike a success. They said that rail and road transport, markets and public places will remain closed from 6 am to 6 pm. A farmer leader Darshan Pal said that they appealed to the people of the country to make that Bharat Bandh a success and honor their Annadata”.

Why is Andhra Pradesh supporting the strike?

YSR Congress Party (YSRCP), the ruling party in Andhra Pradesh, has expressed its solidarity with the protesting farmers. On March 26, YSRCP is also observing a strike to protest against privatization of the Visakhapatnam Steel Plant (VSP) by the center.

Andhra Pradesh I&PR Minister Perni Venkatramaiah … Read the rest

Tatas-Are-Buying-From-BigBasket

Business / News & Politics

What Tatas are Buying From BigBasket?

Tata Sons Pvt. Ltd is going to invest in BigBasket, the largest online grocery store of India, in a deal valued over $1 billion. Tata Sons Pvt. Ltd. has already filed the deal to Competition Commission of India (CCI) for approval.

What is the deal between Tata and BigBasket?

The deal is between Tata Digital Ltd, digital services subsidiary of Tata Sons, and Supermarket Grocery Supplies Pvt. Ltd (SGS). Tata has revealed its interest in buying 64.3% stake in SGS that deals with the commercial service branch through business.bigbasket.com. The deal will allow SGS to manage Innovative Retail Concepts Pvt. Ltd (IRC) that controls the retail side of the business through bigbasket.com.

Together SGS and Innovative Retail Concepts Pvt. Ltd deal in household items, personal and beauty care products, food, and grocery items through the BigBasket app.

What is the size of the deal?

According to inside sources, Tata is investing around $1 billion for buying 64.3% stake but they can infuse more capital to increase their stake within one year. Tata is interested in increasing its holding up to 80% or even bigger.

What … Read the rest

RIL Is The Top Share

Business / News & Politics

RIL Is The Top Share Today

A handful of stocks to watch on Thursday. Investors can consider the offer of buying 0.82 million standard cubic meters per day of gas by Reliance Industries Ltd. Produced at Sohagpur coal-bed methane block (west) in Madhya Pradesh, the gas is available at a minimum $6 cost at the present price of oil.

Look for more stock options

stock market

Indiabulls Real Estate: The merger of NAM Estates Pvt Ltd and Embassy One Commercial Property Developments Pvt Ltd into Indiabulls Real Estate Ltd (IBREL) has been approved by the Competition Commission of India (CCI).

Prime Focus: Unhappy over the price of open offer by Prime Focus promoters, its shareholders that include Reliance Media Works Financial Services have moved the Securities Appellate Tribunal (SAT) to solve the dispute.

Affle India: Affle Holdings Pte Ltd sold 3 lakh shares worth over ₹161 crore under an open market transaction.

Affle India stock

Nureca: The company is making its debut after getting a huge response on Wednesday. Nureca Limited was subscribed 39.93 times on the last day of subscription.

lndo Rama Synthetics (India) Ltd: The company directors are mulling over an expansion … Read the rest

IRFC-IPO

Business / News & Politics

What Is The Response To IRFC IPO?

KFin Technologies Private Limited could finalise the allotment of shares in IRFC IPO today. The said company is managing the allotment and refund of IRFC shares. Investors can check the website of the said company to get more information on allotment of shares. The information will also be available on BSE website. Listing of shares could go on January 29.

IRFC IPO

Indian Railway Finance Corporation (IRFC) opened its IPO on January 18 and closed on January 20 after receiving bids for 4,35,22,57,225 shares against 1,24,75,05,993 shares on offer. The subscription ratio of the retail individual investors segment, Qualified Institutional Buyers category and non-institutional investors was 3.66 times, 3.78 times and 2.67 times respectively. The IPO was offered at ₹25-26 per share and the IRFC raised about ₹1,400 crore from anchor investors ahead of the IPO.

The government wants to bring its shareholding in IRFC to 86.4% from 100% with the IPO that was subscribed nearly 3.5 times. The total IPO is of 178.20 crore shares and it comprises a fresh issue of 118.80 crore shares and sale of 59.40 crore shares. The government expects raising a capital of ₹1,544 … Read the rest

Get-Rs.-2-Lakh-Accidental-Cover-At-Rs.-12-Under-PMSBY

Business / News & Politics

Get Rs. 2 Lakh Accidental Cover At Rs. 12 Under PMSBY

Pradhan Mantri Suraksha Bima Yojna (PMSBY) is offering accidental insurance at Rs. 12 to the poor and low-income group people. The security cover is for one year but it can be renewed every year. Run by government of India, the scheme covers accidental death and disability.

Low cost PMSBY

People aged between 18-70 years of age with savings accounts can take advantage of this insurance scheme. The scheme covers accidental death including murder and disability. But temporary and partial disabilities aren’t covered under the insurance.

Highlights of PMSBY

• Rs. 2 lakh insurance for death due to accident and permanent total disability. Rs. 1 lakh for permanent partial disability.

• Permanent disability could be loss of a limb or vision in both eyes or even in one eye.

• The insured persons are allowed to quit the scheme at any time they want.

• Like other insurance policies, PMSBY also allows the nominee or the next of the kin of the deceased to collect the insurance amount.

• The insurance cover is provided at a much lower cost in comparison to other insurance policies.

… Read the rest