Business

Samsung rapped for not passing GST benefits to consumers

The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of GST reduction to its customers and in turn making undue profits, sources said.

Panasonic targets Rs 1,000 crore revenue in India

NEW DELHI:  Targeting Rs 1,000 crore in revenue in India in the next three years, Japanese electronics major Panasonic has announced it has integrated its welding business and SMT (Surface Mount Technology) equipment business into one Smart Manufacturing Solutions company.

Mudra Loan or CGTMSE loan: What Happens When You Don’t Repay Yours?

Realising the importance of timely and inexpensive access to finance, the government has launched many credit schemes to support business owners, especially those helming SMEs. Chief among these are the Mudra Loan under the Pradhan Mantri Mudra Yojana (PMMY), which aims to offer affordable financing to firms across India, and the Credit Guarantee Scheme (CGS) operated by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) that was started by the Ministry of Micro, Small & Medium Enterprises.

Kerala's IBS to provide IT support to Etihad Airways

THIRUVANANTHAPURAM: Kerala-headquartered IBS Software (IBS), a leading provider of new generation IT travel solutions, has signed a pact with Etihad Airways, the UAE national airline, to help enhance its operations.

50 lakh jobs lost after note ban, youth worst hit

NEW DELHI: Nearly 50 lakh people in India lost their jobs between 2016-2018, a report said highlighting that the "beginning of the decline" coincided with demonetisation, although "no direct causal relationship could be established" between the trends.

Rs 1.48 cr cash seized from AMMK premises in Theni

CHENNAI:  The Income Tax (I-T) Department early on Wednesday claimed to have seized cash amounting to Rs 1.48 crore from the premises of an AMMK functionary in Andipatti in Theni district.

Proposed hike in property tax by NDMC peeves residents

Hundreds of residents of Golf Link Society, Jorbagh, Chanakyapuri and Babar Road are planning to knock the Supreme Courts door after they received a notice issued by the New Delhi Municipal Council (NDMC) on March 28 for depositing a hefty sum as property tax as per the proposed amendment to the Assessment List for the year 2018-2019.

Zomato boys queue up at Hyderabad biryani joint

People at times queue up at their favourite eateries, but what about an unending queue of food delivery boys?

Bank credit up 13.24% , deposits up 10% in FY19: RBI

Signalling credit offtake, Reserve Bank of India data have shown banks have ended the 2018-2019 with record double digit disbursals for the second year consecutively after the under-5 per cent in FY17, which was the lowest in five decades.

Small towns emerge big on Zomato food platform

People at times queue up at their favourite eateries, but what about an unending queue of food delivery boys?

Pledge to a Secured Life This World Health Day

NEW DELHI: Aviva Life Insurance celebrated International World Health Day, reiterating its focus on assuring a healthy life to everyone with its specially curated critical illness insurance plans. In line with this year’s theme of World Health Day “Universal Health Coverage: Everyone, Everywhere”, the brand pledges to enable every person to achieve good health and secure oneself from the rising costs of healthcare facilities.

Netflix intensifies OTT price war in India

The price war among various OTT players in India has intensified, with content streaming leader Netflix experimenting a weekly mobile-only plan for Rs 65 a month in the country.

India pharmaceuticals market expected to reach USD 73.5 billion by 2023

MUMBAI:  Market Research Future (MRFR) in its latest analysis titled, “Withering USFDA inspections: The Quality Challenge for Indian Drugmakers”the India pharmaceuticals market is growing at a significant rate and was worth approximately USD 45.5 billion in 2018 and is expected to reach USD 73.5 billion by 2023.

Banks, others may lose Rs over Rs 90,000 crore as Videocon sinks

 The beleaguered Videocon Group has admitted to stupendous outstandings to various lenders - public and private - amounting to over Rs 90,000 crore, making it perhaps the biggest corporate bankruptcy case in Indian banking history, official sources said on Thursday.

RBI cuts key lending rate to 6%

In the first monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent.

Markets in green: Sensex up 180 pts, Nifty at 11,745

MUMBAI:  The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

‘Regional Content in OTT space has been lacking’

In the last few years, India has witnessed a decent growth of OTT platforms and most of them have been launched by large media networks. Viewers are now spending more time on streaming media than on TV. However, the availability of regional content has been lacking.

Ola offers cab service in three more UK cities

India's leading ride-hailing aggregator Ola on Friday rolled out its cab service in the UK's Birmingham, Liverpool and Reading cities, offering private hire vehicles and black cabs to commuters.

Reliance Jio acquiring Haptik for Rs 200 cr: Report

Reliance Jio is reportedly acquiring Haptik -- one of the world's largest conversational Artificial Intelligence (AI) platforms -- for over Rs 200 crore.

Trump cancels new North Korea sanctions

WASHINGTON: US President Donald Trump says he has ordered the withdrawal of recently imposed sanctions against North Korea.

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