Industry

More jobs for blue collar workers in retail, e-commerce

Indeed, many more employers are in the market today, about 1,107 compared with 774 in the last six months.
Over 1.1 lakh courier delivery executives have been hired since January, more than 32 time the numbers seen in the three months ended December 2020. Similarly, nearly 17,300 home delivery boys have been hired, an increase of 24 times.

THE EPLANE COMPANY: Flying taxis for a roof-to-roof commute

A student-academician venture, it aspires to make city-commuting fast and easy with its electric planes

The ePlane Company co-founder & CEO Pranjal Mehta (L) with co-founder & CTO Satya Chakravarthy

FIRE-BOLTT SMARTWATCH: Health monitor on your wrist

A good-looking and affordable smartwatch for SPO2, heart rate, BP, fitness and sports tracking

The Fire-Boltt smartwatch offers seven workout modes for different activities such as cycling, walking, running, skipping, etc.

PTRON BASSBUDS VISTA: Big sound in a small and lightweight package

Bassbuds Vista are a decent pair of TWS earbuds with good audio quality and deep bass

Overall, the Bassbuds Vista are a decent pair of in-ear true wireless stereo earbuds with good audio quality and deep bass.

Modern workplaces: Making hybrid model work for your business

It holds the answer to the Indian workforce’s diminishing productivity

Leo Joseph

India to become Aatmanirbhar in silk production in 2 years: Smriti Irani

The minister was addressing a programme to announce an MoU between the Textiles Ministry and the Agriculture Ministry, an official statement said.

Smriti Irani

OYO vs ZO Rooms: Zostel says it won 3-year legal battle over alleged agreement breach; OYO refutes

According to Zostel, while ZO Rooms completed its obligation under the agreement and transferred the business but OYO failed to transfer 7 per cent to the ZO Room’s shareholder that eventually led t

Shiprocket records multifold jump in D2C women sellers on its platform

The logistics firm registered a 273 per cent growth in the volume of shipments year-on-year done by women sellers when compared to February 2020.

shiprocket

PMMY: PM Modi’s Mudra loan scheme disbursed 94% of sanctioned amount to micro, small businesses

Credit and Finance for MSMEs: Lending institutions including banks, non-banking financial companies, microfinance institutions, and others had disbursed Rs 3,29,684.63 crore in FY20 and Rs 3,11,811.38

India Inc’s business confidence highest in decade: FICCI Survey

The current survey drew responses from a wide array of sectors and was conducted during January and February this year. It gauges expectations for the period January to June 2021.

Copper end-users urge Tamil Nadu govt to work out solution to restart Tuticorin plant

The industry bodies, whose members constitute SME and MSME units, told PTI that the closure of the plant has caused supply disruptions, leading to a rise in imports and increased cost of production.

Sterlite Copper later moved the Supreme Court to resolve the issue, where the matter is pending.

Nita Ambani launches ‘networking and goal-fulfillment’ platform Her Circle for women

The platform called Her Circle will be a “comprehensive content, social media, and goal-fulfillment digital platform for women,” offering “safe space for interaction, engagement, collaboration,

Data sharing, cybersecurity top concern areas for banks, customers: Deloitte

Open banking also offers scope to increase customer onboarding at remote locations through quick, paperless documentation, verification, and alternate credit risk assessments.

Amazon onboards 50,000 small sellers under ‘Local Shops’ programme for shopkeepers in less than a year

Technology for MSMEs: The small sellers selling under the Local Shops on Amazon programme belonged to metros, Tier-II, and III cities offering flowers, home and kitchen products, furniture, electronic

ED initiates FEMA probe against Amazon, Enforcement Directorate, e-commerce, commerce ministry

India Inc’s overseas direct investment declines 31pc to $1.85 bn in Feb

Domestic companies made investments of USD 2.66 billion in their overseas subsidiaries and joint-ventures in the year-ago month, February 2020.

DoT to issue demand notes to telcos on upfront payment for spectrum bought in auctions

The Department of Telecommunications (DoT) will issue demand notes to telcos next week on an upfront payment for spectrum acquired in the just-concluded auctions, sources said.

telecom spectrum

Jeff Bezos, Elon Musk, Mark Zuckerberg, others to pay billions annually under ‘Ultra Millionaire’ tax

The annual tax would be a 2 per cent levy on a wealth of more than $50 million and 3 per cent on over $1 billion, affecting the wealthiest 100,000 American families.

Jeff Bezos Reclaim World Richest Title

RINL expects Rs 1,000-cr from sale of 22-acre land in Vizag

State-owned RINL expects to garner Rs 1,000 crore from the sale of its 22.19 acre land located in the heart of Visakhapatnam city, a popular tourist destination in Andhra Pradesh.

RINL

Cairn wants India to honour its word and pay $1.4 bn, shareholders to seek enforcement

British oil firm Cairn Energy plc on Sunday said its shareholders, including top financial institutions of the world, expect the use of the company's "strong powers of enforcement" to recover USD 1.4

CAIRN

New retail rules: E-commerce shifting to interactive commerce

Commerce and payment platforms are already introducing content in their quest for higher engagement.

A prominent example is Flipkart, analysts point out, which is launching ideas, videos and games.

Moving on: Warehousing on recovery path

The sector’s growth story remains intact as growing demand from segments like e-commerce, retail and FMCG is leading companies to concentrate on supply chain risk mitigation and resilience, as well

Besides, demand from FMCG segment is projected to hit 44 MSG by FY25 from about 17 MSF in FY20.

IFSC codes of e-Andhra, e-Corporation Bank branches changed

IT integration of both the banks has been completed without changing the account number of customers but IFSC codes have been changed.

The customers of erstwhile e-Andhra and of e-Corporation Bank will enjoy the same account number without any change thus facilitating smooth transactions in the branches.

Reliance Home Finance defaults on Rs 40 cr loan repayment to Punjab & Sind Bank

The total financial indebtedness of the listed entity, including short-term and long-term debt, is Rs 13,126.94 crore, including interest accrued up to February 28, 2021, it said in the filing.

The company's total outstanding borrowings from banks and financial institutions is Rs 4,358.48 crore.

Indian wearable market saw record triple digit growth in 2020, Apple Watch outsold every other smartwatch

IDC which keeps track of the wearable market including the market for wristbands, smartwatches and earphones said that India stood among the top 20 markets to register most growth in the wearable cate

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