Govt pushes for 100% local content in telecom equipment manufacturing

Currently, players like Nokia and Ericsson are making telecom equipment in India but the local content addition is around 40%. The government wants it to increase it to 100%.
Industry News

Flipkart looks to re-apply for food retail licence

The government has rejected Walmart-backed Flipkart’s proposal to enter the food retail business citing regulatory issues, according to media reports.

Industry News

Enterprises need digital leadership, innovation to support growth more than ever: Sanjay Jalona, CEO, LTI

"Digital now contributes nearly 41% of our business, and we are confident that the demand for exponential technologies will continue to grow, even in stronger pace, in the post-pandemic world," says S

Larsen & Toubro Infotech (LTI) made news in FY20 for a number of new deals and acquisitions. News

MakeMyTrip lays off 350 employees due to COVID-19 impact

It is evident that the pandemic has changed the context and viability of some of business lines in its current form, the mail said.

MakeMyTrip, layoffs in makemy trip, COVID-19 impact, MakeMyTrip Group,COVID-19 crisis, latest news on make my trip News

Extension of moratorium on loan repayments credit negative to NBFIs: Moody’s

The moratorium on customer loan repayments, initially effective from 1 March, has led to a significant decline in cash inflows and adversely impacted the liquidity of NBFIs.

Moody's Investors Service on Monday trimmed India’s sovereign rating by a notch to the lowest investment grade of Baa-2 and retained the “negative” outlook News

Uday Kotak to sell 2.83% stake in Kotak Mahindra Bank; sale to fetch over Rs 6,800 cr

The stake sale would help bring down his stake in the country's fourth largest private sector lender to the RBI-mandated 26 per cent.

Kotak Mahindra Bank (KMB) promoter Uday Kotak is set to sell up to 56 million shares of the bank, equivalent to a 2.83% stake, in the secondary market on Tuesday, sources aware of the development said. News

Hackers claim BHIM users’ data vulnerable; NPCI says no data compromise at app

The group also said that an Indian government website focused on pushing adoption of BHIM has exposed data of millions of users to potential fraud.

BHIM users, BHIM users data, BHIM app, cyber threats, Vpnmentor, NPCI, CERT-IN, cyber criminals,latest news on BHIM app News

MSMEs call govt’s decision for funding NPA accounts historic; hail approval to revised definition

Ease of Doing Business for MSMEs: MSME Minister Nitin Gadkari in a press briefing announced the Cabinet approval to the revision in the changed definition of medium enterprises along with a distressed

The Cabinet on Monday decided to further widen the definition of micro, small and medium enterprises (MSMEs) to enable thousands of more units to take advantage of various official benefits News

Government to drop plant evaluation clause to ease shifting of mobile factories to India

The Ministry of Electronics and IT (Meity) wants to go full throttle to capitalise on sentiments of the US, Japan, Taiwan and other nations looking to shift their companies' base out of China amid the

mobile factories,  Apple, COVID-19 crisis, electronics manufacturing companies, iPhones assemble in india, Foxconn News

Bank lending targets under Rs 20 trillion stimulus unfeasible, says Former RBI governor R Gandhi

Additionally, there are other segments of the economy as well which are in need of credit, Gandhi said, adding that the same number will be over and above the Rs 7.9 lakh crore.

Bank lending targets,R Gandhi, COVID-19 pandemic, power discoms, government stimulus package, narendra modi, MSME sector News

Furloughed OYO employees become shareholders; Ritesh Agarwal’s Rs 130 crore plan for laid-off staff

Thousands of furloughed employees of Ritesh Agarwal’s hospitality firm OYO will be granted ESOPs as the company looks to minimise the disruptions being experienced by employees hit by the coronaviru

OYO, OYO indian employees, oyo salary cuts, covid 19, coronavirsu outbreak, oyo employees on leave, hospitality industry, covid 19 impact News

Microfinance should come out of the Covid 19 pall

Provisioning will need to be made for credit losses, but the sector is focussed on a double bottomline with financial and social objectives. The government front-footing liquidity through loans as a m

Banking & Finance News

Cabinet gives nod to fund for reviving NPA accounts in MSMEs; to provide this much credit guarantee

Credit and Finance for MSMEs: The government will provide Rs 4,000 crore support to the CGTMSE, which will give partial credit guarantee support to banks, to lend to MSMEs.

Nitin gadkari, china, india economic opportunities, india replacing china, coronavirus pandemic News

Cabinet approves revision in MSME definition, Rs 50,000 crore equity infusion scheme

Credit and Finance for MSMEs: Cabinet has also approved the Rs 50,000 crore equity scheme for MSMEs, which was announced by the Finance Minister Nirmala Sitharaman, with a corpus of Rs 10,000.

Industry News

CERT-In has an important advisory for Android users; details inside

This vulnerability is present only in those Android phones which are not updated to Android 10.

Industry News

Xiaomi to launch its first Mi-branded laptop in India on June 11, says it’s a new made for India product

Xiaomi India head Manu Kumar Jain has highlighted three key pointers about the soon-to-launch Mi Notebook.

Mi Notebook Air News

App that lets you find and delete made in China apps on Android phones goes viral in India

The app has received mostly positive feedback on the Google Play Store, with a 4.8 average. OneTouch AppLabs website also states the organization offers services in the development of Android and iOS

Industry News

‘Unless India substantively changes way business is done, MSMEs can’t capitalise on China opportunity’

Ease of Doing Business for MSMEs: It is almost unimaginable to an average businessman in our country that in many other countries such as the US, you can start a business, run it efficiently, get into

investment, recession, young investor, stock market, stock market investment, power of compounding News

Godrej Properties sees strong sales this year despite COVID-19; cash flow may pose challenges

Godrej Properties has been witnessing 10-15 per cent sales bookings by NRIs through digital route, Godrej said, adding that this experience helped the company a lot during this lockdown period.

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Paytm Mall plans new tech jobs in Bengaluru, set to hire 300 people; trims losses by this much

Bucking the trend of hiring freeze and layoffs, Paytm Mall, the online shopping platform of the payment application Paytm, has announced it plans to hire 300 new members for product & technology roles

Industry News

Robot uprising begins? Microsoft fires journalists, replaces them with AI

The team working on the Microsoft website did not publish original stories but instead exercised editorial control, choosing articles created by other news outlets and, where necessary, editing materi

Industry News

Flipkart’s foray into food retail hits regulatory roadblock as DPIIT rejects application

Flipkart had last year registered FarmerMart – a separate entity to foray into the retail trading of food products, manufactured and produced in India, through offline and online distribution and ot

Industry News

Government of India bans WeTransfer file sharing website in the interest of national security

The Government of India has ordered internet service providers (ISP) to ban three “specific” website URLs in the country, all belonging to WeTransfer.

Industry News

Dell Latitude 9510 launched in India: Decoding world’s most intelligent 5G-ready business laptop

Dell claims the Latitude 9510 is the world’s most intelligent business laptop. It claims it's the most secure too.

Industry News
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