Bata is a global footwear & fashion accessory manufacturer & retailer, selling a wide range of shoes, sandals, boots, and other accessories for men, women, & children.
Bata is a family-owned business founded in 1894 in the Czech Republic.
2) When did Bata enter the Indian market?
Bata India is the subsidiary of Bata and established in 1931 and publicly listed. It first started its operations in Kolkata.
Bata footwear gained such immense popularity that a locality in Kolkata became famous as Batanagar.
3) Where are Bata shoes manufactured?
Bata owns 23 manufacturing units in 18 countries worldwide, such as India, Indonesia, China, and Italy.
In India, Bata has 3 Manufacturing facilities:
🔸Batanagar, West Bengal
🔸Hosur, Tamil Nadu
🔸Mokamehghat, Bihar
4) What is the number of stores owned by Bata India?
Bata has a strong pan-India retail presence with 1569 stores across cities, including franchisee stores.
Bata sold over 3.8 Crores pairs of shoes in the fiscal year of 2022.
It is a technology/system that allows users to link more than one bank account in a single smartphone app & make fund transfers without having to provide an IFSC code or account number.
NPCI is an organization that launched UPI.
2) What does the NPCI circular say?
The recent NPCI circular only talks about transactions using Prepaid Payment Instruments(PPI).
Think of PPI as a digital wallet like your Paytm Wallet.
This rule does not affect transactions made through banks using UPI.
Margin Call: When a company's shares go down below a preset value that can cover the bank's loan value, the bank will ask for more money or shares as a guarantee that the loan will be paid back.
If the business owner is unable to meet the bank's request for additional funds or collateral, the bank has the authority to sell the pledged shares on the stock market to secure repayment of the loan.