Even as India moved into the top 100 for the first time in the World Bank’s Ease of Doing Business global rankings, there’s a lot more that needs to be done to keep up with the rest of the world, said Diljit Rana, one of the UK’s top businessmen and[Read More…]
FMCG major Nestle India on Wednesday said no amount of ash-content is added to its snack brand Maggi noodles at any stage of the manufacturing process and that the noodles brand is “100 per cent safe for consumption”. “We wish to reassure our consumers that Maggi noodles are 100 per[Read More…]
Renewing the call for bringing natural gas under the GST regime, Petroleum Minister Dharmendra Pradhan on Tuesday said the country needs an overarching policy covering various energy verticals in order to achieve self-sufficiency and security in this critical sector. Defending the government’s target of doubling Indian oil refinery capacity to[Read More…]
West Bengal Chief Minister Mamata Banerjee on Monday said the state, which has been facing legacy issues in terms of ease of doing business, has fulfilled 336 parametres out of the 372. The remaining 36 parametres would be met in the next few months, she said addressing the Horasis Asia[Read More…]
New Delhi: The Central Board of Employees Provident Fund Organisation (EPFO) on Friday “proposed to move” towards the centralised payment system using National Payments Corporation of India platform due to higher cost involved in the current payment mode, non-Aadhaar enabled payments and delays in re-credits. “Present decentralised system of EPFO[Read More…]
Karnataka has signed an agreement with Business France India to collaborate on promoting start-ups in five areas. “We have identified the five areas of collaboration for promoting start-up ecosystems in both countries,” Karnataka IT Minister of State Priyank Kharge told reporters on Friday on the margins of the Bengaluru Tech[Read More…]
Microsoft-owned professional networking platform LinkedIn on Wednesday rolled out its “Career Advice” feature in India that will help its over 45 million members in the country seek professional guidance from experienced mentors. Piloted in Bengaluru, the move is aimed at addressing the current mentorship gap in India. According to a[Read More…]
Women now represent 27.3 per cent of Microsoft’s and LinkedIn’s combined global workforce, the tech giant has revealed, adding that the addition of LinkedIn’s workforce has served to increase female representation overall. Outside of the LinkedIn acquisition, the percentage of women employed at Microsoft globally is 25.9 per cent —[Read More…]
Wine in India will eventually get its high from the rapidly increasing segment of independent, empowered women who hold the key to the industry’s growth in the country, according to Rajeev Samant, CEO of Sula Vineyards. Speaking to IANS on the sidelines of the ‘Sula Selections: Globe in a Glass[Read More…]
The GST rate on 50 items of mass consumption, that were in the 28 per cent tax slab, has been slashed to 18 per cent, Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the panel of Group of Ministers for tackling IT-related glitches, said on Friday. “All items of[Read More…]
Union Finance Minister Arun Jaitley on Thursday said entrepreneurship is going to be a strength of the Indian economy as jobs in the public as well as organised private sectors are not enough for the country’s huge working population. “The strength of the Indian economy is going to be entrepreneurship.[Read More…]
A day after being slammed for manhandling a passenger, IndiGo has presented its version of the entire incident. While the video shows the passenger was being manhandled by the IndiGo staff, the airline has added a new twist saying the apparent whistleblower, who shot the video, was the main culprit[Read More…]
NITI Ayog member Bibek Debroy admits that demonetisation was a temporary shock on growth but asserts that the economy has now climbed back. One year into the disruptive note ban, Prime Minister Narendra Modi’s economic policy adviser says the worst is over and there are signs that things are improving[Read More…]
Global digital payments major PayPal on Wednesday announced its India operations, after offering cross-border payments in the country for close to a decade, the company said. In a statement issued here PayPal Holdings, Inc, said: “At launch, Indian consumers can use PayPal to shop online at some of India’s most[Read More…]
Delhi Chief Minister Arvind Kejriwal on Tuesday said that GST has caused a lot of trouble to traders and there is a need for extending relief to them. “Demonetisation and GST have adversely affected the interests of traders resulting that most of them have shut down their business, which has[Read More…]
Mounting a powerful defence of the demonetisation measure designed to curb black money, Finance Minister Arun Jaitley on Tuesday said that as a disruptor of the status quo ante the note ban, along with other measures taken, has set in motion a process of changing the manner in which India[Read More…]
Domestic ride-hailing platform Ola and Microsoft on Tuesday announced a new connected vehicle platform that will use Azure Cloud, Artificial Intelligence (AI) and productivity tools to transform passenger experience. Microsoft will use Azure to power Ola Play — the company’s existing connected car platform — in a bid to transform[Read More…]
Public sector Indian Bank on Monday said it closed the second quarter which ended on September 30 with 11.45 per cent growth in its net profit over the comparable period in the previous fiscal. In a statement here, Indian Bank said it posted a net profit of Rs 451.54 crore[Read More…]
New Delhi: India should not get satisfied with 10 to 20 per cent growth rate in agro-processing but should aim for a quantum jump to truly improve lives of the country’s farmers, Railways Minister Piyush Goyal said on Sunday. “I think we should not rest on the laurels of numbers. 10[Read More…]
The entire Indian agriculture value chain is set to change drastically and food processing is going to be one of the main industries of the country in the future, Finance Minister Arun Jaitley said on Friday. “The farm to kitchen chain is going to change in India, like elsewhere, with[Read More…]
Prime Minister Narendra Modi on Friday invited global investors to do business in India, which he said was “easier now” after his government repealed archaic laws and launched attractive fiscal incentives. Describing India as “one of the fastest growing economies” in the world, Modi said it was an opportune time[Read More…]
The government on Thursday said that it has approved foreign direct investment (FDI) proposals worth Rs 24.56 crore, including one from Sterling Commerce Solutions India. “During the month of October, the Department of Economic Affairs (DEA), Ministry of Finance has disposed of three FDI proposals aggregating to foreign investment of[Read More…]
The Housing and Urban Affairs Ministry on Tuesday roped in private online service aggregator UrbanClap to generate jobs with a minimum assured monthly wages for the urban poor skilled under a national livelihood mission. A Memorandum of Understanding (MoU) was signed between the Ministry and UrbanClap in the presence of[Read More…]
With India climbing over 30 places in just a few years in the World Bank’s “Ease of Doing Business” global rankings, getting into the league of top 50 countries is a distinct possibility over the short term, Finance Minister Arun Jaitley said on Tuesday. “We jumped over 30 places in[Read More…]
Mumbai: The Rs 2.11 lakh crore recapitalisation plan for state-run banks would be sufficient to tackle the problems of stressed assets and the multiplier impact of the package could be “at least an expansion of the economy by Rs 3.3 lakh crore”, a State Bank of India (SBI) report said[Read More…]
