Sunday, October 24, 2021

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Amazon to now tell 3rd-party sellers which products will be popular

SAN FRANCISCO:  After facing criticism for allegedly copying popular products and manipulating search results to boost its own brands, especially in India, Amazon has now announced a new tool that will help third-party sellers with detailed insights into what customers are searching for, clicking on, and buying, as well as sales history, pricing trends and more.

High valuations, inflationary concerns subdue market

MUMBAI: High valuations coupled with inflationary concerns and mixed global cues pulled India's key equity indices into the red on Wednesday.Accordingly, premium valuations triggered profit booking. This along with high crude oil prices and mixed Asian markets dented investor sentiments.

Fuel rates hiked again, petrol at Rs 106.19 a litre in Delhi

NEW DELHI: Petrol and diesel prices on Wednesday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre after a two-day pause.

Onion cheaper in Noida than Delhi

NOIDA:With vegetable prices soaring in the National Capital Region, the prices at Mother Dairy's Safal outlets brought some respite for onion buyers in Noida, unlike in the national capital.

Tata Motors launch sub-compact SUV Punch at Rs 5.49 lakh

NEW DELHI:  Automobile major Tata Motors on Monday launched sub-compact SUV 'Tata Punch' with a starting price of Rs 5.49 Lakh (ex-showroom Delhi).

Sitharaman's marathon meeting sessions with US businesses continues in NY

NEW YORK: Finance Minister Nirmala Sitharaman's meetings with US businesses and institutions continued at a feverish pitch, including talks with two key investors asking them to broaden their world view and look at India for investment.

Fuel rates hiked again, petrol at Rs 105.84/ltr in Delhi

NEW DELHI:Petrol and diesel prices on Sunday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre.

No additional borrowing by Centre to meet GST compensation of states in FY22

NEW DELHI:The Centre will stick to its borrowing programme for FY22 and will not tap the market for more funds to meet the GST compensation shortfall for states.

HDFC Bank's Q2FY22 YoY net profit up 17.6%

MUMBAI:Lender HDFC Bank on Saturday reported a year-on-year rise of 17.6 per cent in its net profit for Q2FY22.The bank's net profit increased to Rs 8,834.3 crore during the period under review over the quarter ended September 30, 2020.

India's forex reserves rise by over $2 bn

MUMBAI:India's foreign exchange reserves rose by $2.039 billion during the week ended October 8.The Reserve Bank of India's (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1.

Court order to affect working capital of companies filing GST appeals

NEW DELHI: In what may affect the working capital of taxpayers looking at filing appeals against GST claims, it had now been held that anyone seeking remedy against indirect tax decision would have to make pre-deposit amount in cash and not by debiting electronic credit ledger.

MG Motor India launches mid-size SUV Astor for Rs 9.78L

NEW DELHI: Automobile manufacturer MG Motor India on Monday launched its mid-size SUV MG Astor at a special introductory price of Rs 9.78 lakh.

Revenue Deficit Grant of Rs 9,871 Cr released to 17 states

NEW DELHI: The Ministry of Finance on Monday released the seventh monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states.

Over dozen PSUs on the block after Air India privatisation

NEW DELHI:The government's final move to privatise the national carrier Air India has given a fresh lease of life to its strategic disinvestment plan.

EPCs should aim for $450-$500 bn exports next year: Minister

NEW DELHI:Union Minister Piyush Goyal on Saturday called upon various Export Promotion Councils (EPCs) to aim for $450-$500 billion exports next year.

Airtel announces Rs 6K cashback on purchase of leading smartphones

NEW DELHI:  As part of its 'Mera PehlaSmartphone' programme, Bharti Airtel has announced a new initiative to enable customers to upgrade to quality smartphones and enjoy a world-class digital experience on its high speed network.

Social Media Marketeting

Social media marketing is the use of social media platforms to connect with your audience in order to develop your brand, increase sales, and drive website traffic. Posting high-quality content to your social media sites, listening to and interacting with your followers, assessing the outcomes, and implementing social media advertisements are all part of this process.

RBI extends dates for classification of bank credit to focused NBFCs

MUMBAI:  RBI has extended dates for the classification of bank credit to focused NBFCs as priority sector lending till March 31, 2022.IA

Centre releases Rs 40K cr to states in lieu of GST compensation shortfall

NEW DELHI: The Finance Ministry on Thursday released an amount of Rs 40,000 crore to the states and UTs with legislature under the back-to-back loan facility to meet the shortfall in GST compensation.

Reliance Retail to launch 7-Eleven convenience stores in India

MUMBAI: Reliance Retail Ventures Limited (RRVL), through its wholly owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc. (SEI) for the launch of 7-Eleven convenience stores in the country.

Future Retail, 7-Eleven scrap agreement for India

NEW DELHI: Future 7-India Convenience Limited, Future Retails wholly owned subsidiary, and 7-Eleven Inc have mutually terminated the agreement to execute 7-Eleven stores in India.

Pakistan's latest headache - rising unemployment: Why has CPEC failed to generate mass scale jobs?

NEW DELHI:The recent unemployment data in Pakistan will haunt Prime Minister Imran Khan. Data shared by the Pakistan Institute of Development Economics (PIDE) showed that a whopping 24 per cent of people who have at least an undergraduate degree — are without a job. The figure does not give the true picture. Many unemployed educated people have enrolled themselves for higher education "out of desperation and in hopes of getting jobs in the future."

Kisan Rail transports 361 tonnes of Telangana onions to Bengal

HYDERABAD:The inaugural Kisan Rail service for onions from Moula Ali in Telangana, is setting off with 361 tonnes of onions to West Bengal.
Comprising of 15 parcel vans, the Kisan Rail from Moula Ali railway station, terminates at New Jalpaiguri Station of West Bengal.

Policy snub for e-cycles risks export loss of Rs 10K cr by 2026: Munjal

NEW DELHI: The electric bicycle business in the country, which was poised to displace China as the world leader in e-bicycles manufacturing, seems to be at risk in its infancy following a policy snub with electric bicycles getting excluded from all major manufacturing and export promotion policies, including the Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME-II) and production-linked incentive (PLI), the top official of Hero Cycles, one of the world's largest bicycle manufacturers, said on Monday.

Over 18L Indian students to go for foreign education by 2024: Report

 NEW DELHI: As international borders reopen with the Covid situation easing, studying abroad is set to grow in the coming years and according to new forecast, over 18 lakh Indian students are set to opt for foreign colleges and universities by 2024.

Air India's new owner to be decided in next few days: Sources

NEW DELHI:  The new owners of Air India will be decided in the next few days as the financial bids for the flag carrier are being scrutinised, sources said on Friday.

7 practical tips to protect your bike from theft

There are few things in our lives that we are attached to despite their inanimate nature. Our vehicles are one of them. The good times we have and the memories they help make are priceless and the vehicle itself becomes valuable. Loss of a bike is more than a financial loss and here are a few ways to protect your beloved machine.

Understanding The Different Types of SME Loans in India

At some point in your business, you will require funds to cater to your business requirements. Business needs usually vary between buying new stocks or purchasing assets, such as land, factory, shop, or getting new machinery, or basic operating expenses, such as overhead and salaries. In such as, relying on microfinancing options may sound reasonable. 

Centre's nod to Rs 100cr grant for TN medical devices park

CHENNAI:  With the Central government giving in-principle approval for setting up a medical devices park and providing Rs 100 crore grant, the Tamil Nadu government has decided to set it up in Oragadam in Kancheepuram district.

99% Indian business travellers want to resume work trips: Study

NEW DELHI:About 99 per cent of Indian business travellers aim to resume work trips within the next 12 months, a new study showed on Monday.
Over 78 per cent are "very willing" to get back on work trips which is higher than the global average.

Diesel price rises for 2nd consecutive day, petrol stable

NEW DELHI:Auto fuel prices in the country have maintained stability amidst a volatility in global oil prices, but the oil marketing companies (OMC) on Monday increased the pump price of diesel once again while maintaining stability in petrol rates.

Telcos seek Andhra support to keep connectivity during cyclone Gulab

NEW DELHI: The Digital Infrastructure Providers Association (DIPA) has sought urgent support from the Andhra Pradesh government to ensure unrestricted connectivity of telecom services even during the time cyclone "Gulab" hits some districts in the state.

Import duty norm relaxed to improve containers availability

NEW DELHI:The Centre has relaxed import duty norm on empty export cargo containers to improve their availability.At present, keeping containers beyond a period of six months attracts an import duty.

Spices Board to e-auction 75,000 kg of cardamom

KOCHI: As part of the 75-week-long Azaadi Ki Amrut Mahotsav to commemorate the 75th year of independence celebrations, the Spices Board is organising a mammoth cardamom special e-auction on Sunday.

Net Direct Tax collections see 74.4% growth over pre-pandemic levels

NEW DELHI: In a clear signal that the economy is on path of fast recovery post the pandemic disruptions, the government's net direct tax collections for FY22 so far (till September 22) have grown by a staggering 74.4 per cent to Rs 5,70,568 crore, compared to Rs 3,27,174 crore in the corresponding period of preceding FY21.

New TN export policy targets $100 bn exports by 2030

CHENNAI:Targeting an export revenue of $100 billion by 2030, Tamil Nadu Chief Minister M.K. Stalin released the state Export Promotion Policy here on Wednesday.

ZEEL to merge with Sony Pictures Networks India

 MUMBAI:  Financially troubled Zee Entertainment Enterprises will merge with Sony Pictures Networks India (SPNI).

Know the Advantage of Loan Against Property Over Collateral- free Loan

Whenever we are in urgent need of finances, the first thing that comes to mind is borrowing or a loan. Well, there are numerous sources of availing funds in today's world. One can choose from a secured or unsecured loan based on their requirements.

Export Promotion Bureau to be set up in Haryana

GURUGRAM: To promote exports, an Export Promotion Bureau will be set up in Haryana which will provide institutional support to the exporters.This was disclosed by Dr Saket Kumar, Director General, Industries and Commerce Department, Haryana on the occasion of the inauguration of the two-day 'Vanijya Utsav' being organized at Apparel House, Sector-44, Gurugram on Tuesday.

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