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26 10 2020

Bombay Dyeing reports Q2 net loss of Rs 91 crore

26/10/2020

The company’s net sales for quarter under review was down 61 percent to Rs 217 crore, as against Rs 555 crore it reported in the same period last year. Bombay Dyeing’s revenue from polyester segment for the quarter was Rs 176 crore while textile segment revenue stood at Rs 6 crore. The company attributed the loss and decline in profit to the Covid-19 pandemic and resultant shutdowns during the July-September period. Bombay Dyeing is one of the leading textile manufacturers in the country and also owns menswear brand Cezari. It currently has 27 company-owned stores, 3,000 multi-brand stores, and over 400 franchise stores across India.

26 10 2020

Tata Motors is actively scouting for a new partner for its passenger vehicle (PV) business

26/10/2020

Tata Motors is actively scouting for a new partner for its passenger vehicle (PV) business, according to a recent report. The company is looking to collaborate with an automaker to accelerate its growth plan for the next decade. A partnership will help the Indian auto giant offset huge investments while adapting to newer technologies, regulations and shorten product lifecycles. Earlier this year, the Tata Motors board had approved to form a separate entity for its passenger vehicles business bringing the cars, electric vehicles and its relevant assets, employees and IPs under one umbrella. The new vertical would fully functional on a standalone basis. carandbike has reached out to Tata Motors for an official statement and will update this report when we get a response.

24 10 2020

Flipkart to buy 8 percent stake in Aditya Birla's fashion unit for $204 million

24/10/2020

The investment comes at a time when Amazon.com Inc, billionaire Mukesh Ambani-led Reliance Industries and Flipkart are in a race to gain market share in India’s fast-growing online market for food and groceries. “Fashion retail in India is set for robust long-term growth due to strong fundamentals of a large and growing middle class... Rapid growth of technology infrastructure will further accelerate this process,” Aditya Birla Group Chairman Kumar Mangalam Birla said. With the COVID-19 pandemic keeping most people indoors, Indians are turning to online platforms for all purchases from bread to phones to clothes. Media reports here had said both Amazon and Flipkart were in the race to pick a stake in Aditya Birla Fashion and Retail, which owns and operates the Pantaloons retail chain and owns rights to sell Forever 21 merchandise in India. Aditya Birla said it would use the money to strengthen its balance sheet as it scales up its businesses. Shares of Aditya Birla Fashion and Retail surged as much as 6.5 percent to 163.45 rupees, their highest since March 30.

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Upcoming Events

Sharad Purnima

30/10/2020

• The full moon day is called Purnima in the Hindu calendar. And the full moon day in the month of Ashwin is referred to as Sharad Purnima as it falls during Sharad Ritu (autumn season). This day is also famous as Kojagiri Purnima in some regions. It is one of the most significant full moon days as it is associated with none other than Lord Krishna himself. And interestingly, devotees who hail from various regions worship different deities on this day. Some people worship Indra Dev, while some offer their prayers to Lakshmi Devi, the Goddess of wealth. And in some regions, Lord Shiva, his consort Parvati and Nandi, his vahana are revered. Moreover, for some people, it is a harvest festival as it marks the end of the monsoon season. • Like Dussehra, Sharad Purnima or Full-moon festival is observed in different ways, in different parts of India. It falls on the fifth day following Dussehra. Goddess Lakshmi presides over the festivity in some parts of the country, while Lord Krishna is worshipped in some other parts. Lakshmi is the goddess of wealth and prosperity, and Krishna symbolizes eternal love. According to their traditional culture and beliefs, the regional communities of India celebrate Sharad Purnima in different ways, unique to their identity. • Once Bengalis are blessed with peace due to divine victory over the evil during Durga Puja, they get busy preparing for the worship of Goddess Lakshmi in order to be blessed with prosperity on the full-moon night. This full-moon night which is known as Sharad Purnima all over the country is called Kojagori Purnima in West Bengal. Bengalis reverently call Goddess Lakshmi as Ma Lokkhi. The ritual of decorating the floor with alpana from the entrance to the interior is performed in every house. • Most of the households in Bengal worship Ma Lokkhi by offering flowers, homemade sweets and devotion to the idol of the Goddess sitting on a lotus. Among the homemade sweets, narkel nadu is a special offering to Ma Lokkhi. This festive dessert is made from fine gratings of coconut kernel, mixed with sugar, milk, ghee and dry fruits. Special porridge (called khichuri in Bengali language) is cooked in the kitchens of Bengali households, on the Kojagori Purnima evening. • In India, the state of Odisha or Orissa celebrates Sharad Purnima in two different ways. Some communities worship the Sun and the Moon on this occasion, while Goddess Lakshmi is worshiped on this pious day in some other communities. In Odisha, Sharad Purnima is also known as Kumar Purnima in honor of Kartikeya, the God of war in the Hindu mythology of India. Kartikeya, son of Lord Shiva, is the handsomest god who is worshipped by young girls in hope of getting handsome husbands. • After a holy bath in the morning, the girls cook several various food items to offer to the Sun Gold and adorn their necks with fresh garlands during worship. They keep fasting for the day. They break the day-long fast once the worship of the moon in the evening is over. They sing, dance and play a special game, Puchi, to rejoice in the festivity. The people of Odisha also observe Sharad Purnima as the birthday of Lakshmi. They play dice and some other indoor games to keep awake the whole night. • In north India, Sharad Purnima is popularly known as Raas Purnima. In the Hindu Mythology, there is a story of Raas Purnima from the life of Lord Krishna. According to the story, it is believed that during his human incarnation on earth, Lord Krishna used to play raas (a traditional folk dance) with Gopis, his female admirers in Vrindavan. It was the night of Sharad Purnima when he played maha raas with his beloved Radha and Gopis on the bank of Yamuna River. In different parts of north India, young boys and girls enact Raas Leela on the festive evening.

Birth Anniversary of Dr. APJ Abdul Kalam

15/10/2020

Dr. APJ Abdul Kalam, October 15 is celebrated as World Students Day every year across the globe. The day is marked to celebrate the birth anniversary of Dr APJ Abdul Kalam. It was first celebrated in 2010 in United Nations on Dr APJ Abdul Kalam's birthday when he was 79 years old. Today we honour India's most loved President. World Students Day is celebrated to honour the most loved President of India who was a scientist, a teacher, an author among many other roles that he played. Dr Kalam was born on October 15, 1931, in Rameshwaram, Tamil Nadu, and studied physics and aerospace engineering. He spent the next four decades as a scientist and science administrator, mainly at the DRDO and ISRO. India lampoons Pakistan at Commonwealth foreign ministers' meet for raising Kashmir issue Dr Kalam's favourite job was teaching and that is how he wanted the world to remember him. His death also happened while doing what he loves the most. Dr. Kalam was delivering a lecture to the students of IIM Shillong when he fell down the stage suffering a stroke and passed away on July 27, 2015. The theme of World Students Day 2020 is "Learning for people, planet, prosperity, and peace". This theme intends to highlight the centrality of development ambitions for our collectivity with humanitarian objectives. The day is celebrated to pay honor to the students from all across the globe for their hard work, dedication, and determination. Mulayam Singh Yadav tests positive for Covid-19 Dr. Kalam was the author of three books and recipient of several awards including Padma Bhushan, Padma Vibhushan, Bharat Ratna, Veer Savarkar Award, Ramanujan Award. He was also called 'Missile Man of India' for his work on the development of ballistic missile and launch vehicle technology. Many educational institutes, scientific institutions, and some locations were named after his death.

World Arthritis Day

12/10/2020

World Arthritis Day 2020 It’s time to remind the world that arthritis is a real disease that reduces quality of life. Oct. 12, 2020, is World Arthritis Day. This observance calls global attention to a complex, multifaceted disease that evidence shows is a leading cause of disability worldwide, with both physical and emotional impacts. But for much of the world, it’s still an invisible disease. This year, there’s the extra layer of COVID-19 — an unprecedented situation that has literally changed the world forever. We hope you will recognize arthritis through that extra lens and help spread the word to others in your network about how serious a disease arthritis really is, especially in how it diminishes quality of life. Many people with arthritis are more vulnerable to the pandemic because of their age or compromised immune system.

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My Vadodara

Vadodara is the third-largest city in the Western Indian state of Gujarat, after Ahmedabad and Surat. It is the administrative headquarters of Vadodara District and is located on the banks of the Vishwamitri river, 139 kilometres (86 mi) from the state capital Gandhinagar. The railway line and NH 8 that connect Delhi and Mumbai pass through Vadodara. It is known as a Sanskari city of India.

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