Sales through social media platforms account for over 79 per cent of the total online selling of goods and services in India, a PayPal report said on Thursday. Growing digitisation and increasing internet penetration in India have reportedly encouraged commerce to move online, it said. “Facebook, WhatsApp and Facebook Messenger[Read More…]
Alibaba chairman Jack Ma said efforts should be made to promote the healthy development of China-US trade even though it is hard to fulfill his previous promise of creating 1 million jobs for the United States under current circumstances. In an exclusive interview with Xinhua on Tuesday, Ma said his[Read More…]
An arbitral tribunal has ordered Infosys Ltd to pay former chief financial officer Rajiv Bansal an outstanding severance of ₹ 12.17 crore with interest, culmination more than a year-long arbitration between the two parties. “The arbitral tribunal has communicated its decision in the arbitration proceedings in relation to the severance[Read More…]
Indian ride-sharing major Ola on Tuesday said it will soon launch its services in New Zealand starting with Auckland, Christchurch and Wellington. “Ola plans to enter New Zealand to provide both drivers and passengers a safe way to get around Auckland, Christchurch and Wellington,” the city-based online cab aggregator said[Read More…]
The union government announced on Monday September 17, that it has decided to merge Bank of Baroda, Vijaya Bank and Dena Bank to create India’s third largest lender. Banking secretary Rajiv Kumar said in a press conference that, “employees interest would be protected in the merger process. The merger of[Read More…]
Weak global markets amid the US-China trade concerns plunged the key Indian equity indices on Monday afternoon, with the S&P BSE Sensex losing around 400 points so far. The wider NSE Nifty50 also lost over 100 points during the intra-day trade. Among the sectors, heavy selling pressure was witnessed in[Read More…]
Private sector HDFC Bank has become Indias most valuable brand for the fifth year in a row with a 21 per cent rise in its brand value to $21.7 billion over the previous year, according to a survey. According to a release here on Sunday, HDFC Bank retained its top[Read More…]
Gujarat government set up a three-member committee having former Supreme Court judge Justice RK Agarwal, former Deputy Governor of the Reserve Bank of India SS Mundra and former Chairperson of the Central Electricity Regulatory Commission (CERC), Pramod Deo on July 3, 2018 to find solutions for the thermal power plants[Read More…]
The Confederation of All India Traders (CAIT) on Saturday started a 90-day “National Rath Yatra” protesting against foreign direct investment (FDI) in retail and the Walmart-Flipkart deal. The protest movement named “Sampoorn Kranti Rath Yatra” started at Red Fort here. It will cover various parts of the country and culminate[Read More…]
Petrol users across the nation have been doing a sarcastic roll over the everyday hiking fuel prices. While the consumer had just started of howling with the joke that this time the prices might hit a century, prices have already breached the Rs 100/litre mark. The price of Octane quality[Read More…]
India has possibly been throwing away more than $26 billion a year when it continued to marginalise the LGBTQIA+ community. However, now that the Supreme Court has decriminalised homosexuality with the rainbow flags flying high, Indian markets could benefit from the vast spending power of the queer community. The remarkable judgement[Read More…]
New Delhi, Sep 14 (IANS) State-run Punjab National Bank (PNB) on Friday bagged the “Rajbhasha Kirti” award for outstanding performance in implementing the Official Language Policy during 2017-18, the bank said. The award, under the category of ‘Nationalised Banks and Financial Institutions in Region A’, was presented by Vice President M.[Read More…]
New Delhi, Sep 14 (IANS) India’s merchandise exports rose by 19.21 per cent in August to $27.84 billion from $23.36 billion during the corresponding month of last year, official data showed on Friday. According to data released by the Ministry of Commerce and Industry, engineering goods, petroleum products, gems and jewellery,[Read More…]
New Delhi, Sep 14 (IANS) India’s annual rate of inflation based on wholesale prices eased to 4.53 per cent in August from a rise of 5.09 per cent in July, official data showed here on Friday. However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) furnished by the Ministry[Read More…]
Actor Uday Chopra says India should legalise marijuana as it can be a huge revenue source and has medical benefits. “I feel India should legalize marijuana. Firstly, It’s part of our culture. Secondly, I think if legalized and taxed it can be a huge revenue source. Not to mention it[Read More…]
Mahindra & Mahindra, India’s leading manufacturer of utility vehicles and part of the $20.7 billion Mahindra Group, on Thursday announced its commitment to become a carbon neutral company by 2040. For this, the company will be working with Environmental Defense Fund (EDF) to meet its carbon neutrality commitment. Mahindra &[Read More…]
Financial Times Masters in Management Ranking declares the best Business schools in India and in Asia. Indian Institute of Management-Ahmedabad has been ranked as the best business school in India and second best in Asia. Indian Institute of Management-Calcutta ranked second in India and third in Asia. Indian Institute of[Read More…]
The Project Investment Board (PIB) has approved the Bhopal-Indore metro rail project in Madhya Pradesh. Prime Minister Narendra Modi is likely to inaugurate the project on September 25. The PIB has approved the project on Tuesday and it needs the Cabinet approval only. The Shivraj Singh Chouhan’s government wants to[Read More…]
Over-optimistic bankers, a slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to a Parliamentary panel. In a note to Chairman of Estimates Committee Murli Manohar Joshi, he said: “A variety of governance problems such as the suspect allocation of coal mines[Read More…]
Emphasising its commitment to clear its dues on Uttam Galva and KSSPetron, ArcelorMittal on Monday said it has submitted a substantially higher bid to the Committee of Creditors (CoC) of insolvent Essar Steel. Last Friday, National Company Law Appellate Tribunal (NCLAT) had ruled that ArcelorMittal must pay its dues by Tuesday to enable consideration of[Read More…]
An expected rise in inflation dented investors’ risk-taking appetite on Monday and pulled the Indian equity market deep into the red, with both indices registering their highest fall in the last six months, the analyst said. Investors feared that high petrol and diesel prices and a weak rupee would pump[Read More…]
Infrastructure sector lender IFCI Saturday reported a standalone net loss of Rs 340.77 crore for the April-June quarter of current fiscal. The company had a net profit of Rs 277.05 crore in the same quarter of previous fiscal. Total income of the company declined to Rs 673 crore in the first quarter of this fiscal, from Rs 907 crore in the[Read More…]
Reserve Bank of India has introduced new rules for the mutilated notes refund. On Friday RBI issued an advisory to all its branches for the exchange of mutilated/defective notes. As per the new amendments to the Reserve Bank of India (note refund) rules 2009, the public can exchange mutilated notes in Mahatma[Read More…]
Uday Dixit, a former employee of Larsen and Toubro (L&T) filed a petition before the National Company Law Tribunal (NCLT) against chief A M Naik, alleging the company committed fraud on shareholders and its employees. The petitioner Dixit sought action against the company and its major, Naik, accusing oppression and[Read More…]
TRA’s newly launched “India’s Most Consumer-Focussed Brands 2018” (MCF 2018) report, a study measuring the brands’ increase in keenness-to-buy among Indian consumers over the last year was released yesterday. Tata, one of India’s largest conglomerates has been ranked India’s Most Consumer-Focussed Brand 2018 in the research. Closely following at second rank is Bajaj, another[Read More…]
