Industry

Delhi govt warns clubs, hotels of strict action for using liquor bottles without 2D bar-code

An official said a bar code shows that this is excise duty paid liquor and also indicates that liquor being served and sold to people is not spurious.

There are over 1,000 hotels, clubs and restro-bars in the national capital which have an excise license to serve liquor to their customers.

RBI extends deadline to apply for umbrella entity on retail payments

In August last year, RBI had released a framework for authorisation of an umbrella entity for retail payments in the country and had invited applications from desirous entities by February 26, 2021.

Requests have been received from various stakeholders including Indian Banks' Association for extending the deadline, keeping in view the COVID-19 related disruptions and inconveniences, RBI said in a release.

BEML stake sale: Govt extends deadline for bids till March 22

The government had in 2016 given an in-principle approval to sell 26 per cent stake in the company along with transfer of management control.

BEML has an order book of Rs 9,795 crore as on March 31, 2020.

Nestle India CMD Suresh Narayanan says Indian packaged food market to be double in 5-10 years to $70 billion

"If you look at the aspiring class, the affordable class and the wealthy into the country, research after research are showing that between 2018 and 2030, we are going to add almost 140 million househ

nestle

India will need nine times as many ‘digitally skilled’ workers by 2025, suggests new report

Called “Unlocking APAC’s Digital Potential: Changing Digital Skill Needs and Policy Approaches”, the report was based on research conducted by surveying 500 Indian digital workers.

PUBG New State: Launch date, how to pre-register, India availability and other details of PUBG Mobile sequel

As per the announcements made by the company, the game is expected to be rolled out in the current year only but there is no clarity on the exact launch date.

Twitter CEO Jack Dorsey commits to bring more transparent content moderation to pacify users’ lack of trust on social media

Twitter wishes to be one of the most open companies across the world and the lack of transparency is hindering its goal.

jack dorsey twitter ceo

Twitter to allow content creators to charge followers for tweets, exclusive benefits

It is one of the two biggest changes the platform has announced in recent times.

Twitter

TikTok owner ByteDance to pay $92 million in US privacy settlement

The federal lawsuit alleged that TikTok broke the Illinois biometric privacy law, which allows suits against companies that harvest consumer data without consent

TikTok, TikTok news, TikTok update, TikTok latest, ByteDance, ByteDance China, Data privacy, consumer data, Illinois

Facebook signs pay deals with 3 Australian news publishers

Facebook announced on Friday preliminary agreements with three Australian publishers, a day after the Parliament passed a law that would make the digital giants pay for news.

facebook

Sweeping changes in social media rules; govt to regulate OTTs, digital news portals

Legal experts believe tracing originators could be susceptible to falsification and also to breaking encryption. In the past, WhatsApp has expressed its inability to provide traceability of messages s

These new regulations are being framed under the Information Technology Act, 2000.

SMP inks MoUs for Rs 25,000-cr investment in port-related works

SMP has also inked a deal with Indian Oil Petronas for loading of LPG barges for export of propane, butane and LPG to Bangladesh, with an investment commitment of Rs 600 crore.

Aegis Logistics of the Aegis Group will invest Rs 1,500 crore for inland water movement of LPG barges between the Haldia Dock Complex and Manihari terminals at Sahibganj, as per another agreement. (Representative image)

Maharashtra spinning mills seek subsidy on cotton purchase from CCI

Ashok Swami, chairman, Maharashtra State Co-op Textile Federation (MSCTF) said that the cooperative spinning mills in the state are finding it difficult to purchase cotton at the market rates since th

Cotton prices have gone up above the minimum support price (MSP) of Rs 5,825 per quintal and are currently ruling between Rs 6,300 per quintal and Rs 6,400 per quintal in the open market.

‘Covid reinforced need for flexibility & nimbleness’

It is essentially a profit sharing model where landlord was putting in the investment for infra build up.

Amit Ramani CEO & Founder Awfis

Ashok Leyland to buy out Nissan’s 38% stake in Hinduja Tech

The company owns 62% in the paid-up share capital of HTL and the remaining was held by Nissan International Holding.

The company owns 62% in the paid-up share capital of HTL and the remaining was held by Nissan International Holding.

Iron Mountain to invest $150 m in Web Werks to boost India biz

Iron Mountain Data Centres general manager (Asia Pacific), Michael Goh said, “India provides an important next step in expanding our Asia Pacific footprint".

“This investment enables Web Werks to expand its operations in its three existing markets immediately and expand into Bengaluru, Hyderabad and Chennai. Web Werks houses six worldwide Points of Presence (POPs), provides 4 megawatts (MW) of existing capacity, supports over 6,000 servers and supports 850 clients,” Web Werks said. (Representative image)

Walmart Vriddhi to help MSMEs grow in Uttar Pradesh

He said that the programme will not only boost the make-in-India effort, but will also provide further impetus to UP’s flagship ODOP (One District One Product) programme.

Walmart said Uttar Pradesh-based businesses can join the Vriddhi training programme to pursue opportunities to sell on Flipkart’s online consumer marketplace and through the nationwide Flipkart wholesale ecosystem.

Federal Bank launches digital platform for savings bank accounts

Federal 24 7 enables a complete, paperless and instant digital savings account opening sitting anywhere in India with just PAN and Aadhaar number.

Additionally, this platform offers all the features that would provide potential customers with a convenient, hassle-free and paperless banking experience from the comfort of homes.

Honeywell to take affordable automation to SMEs

Akshay Bellare, president, Honeywell India, said significant investments are being made in this business and they have been on a hiring spree for this entity.

Bellare expected it to become an important business for Honeywell in India and account for 10% of total revenues in two to three years.

Non-compliant Nidhi companies: Govt advises caution

The stringent measures by government would lead to greater transparency and will be a step forward in invoking investor friendliness in the economy.

MCA further said, “Investors are advised to verify the antecedents/status of a Nidhi company especially their declaration of their status as Nidhi company by the central government before becoming its member and investing their hard-earned money in such companies."

India’s finished steel production to decline 10% this fiscal

But certain decisions have opened the floodgates for stainless steel material to come in from China and Indonesia posing a huge challenge to the Indian steel industry, Vijay Sharma, director, Jindal S

Bhaskar Chatterjee, secretary general of the Indian Steel Association, said, a very high demand for value-added steel still remains in India and production of such steel could reduce import dependence.

Govt to earn more from deposits by opening business to pvt banks

Mrutyunjay Mahapatra, former MD & CEO, Syndicate Bank, said that the cost of deposits for the banking system as a whole is likely to rise because the private sector banks will now compete for governme

There is already a bidding system in place, but it has so far been restricted to PSBs.

Govt to consider up to 20 times incremental sales value for computing telecom PLI

The incentive will be given in the range of 4-7 per cent of the incremental sales value to micro, small and medium enterprises (MSMEs) and 4-6 per cent to the rest of the companies for manufacturing t

Govt to consider up to 20 times incremental sales value for computing telecom PLI

New intermediary rules: Social media players welcome regulations to address ‘challenges’

Calling itself an ally for India, Facebook said it will continue to work towards fuelling the digital transformation of India.

New intermediary rules: Social media players welcome regulations to address 'challenges'

SIDBI expands state-wise MSME programme to Andhra Pradesh; these benefits for small businesses on anvil

Ease of Doing Business for MSMEs: Setting up PSUs in different states was aligned to the UK Sinha Committee’s expectations for driving engagement of SIDBI with state governments to promote and devel

This is a challenge for MSMEs, more so for micro and tiny sectors, since creating an inhouse lab and its maintenance, personnel, equipment, consumables and all, requires investment.

Xiaomi’s Redmi K40 phones pack 120Hz Samsung displays, flagship hardware all at a starting price of around Rs 22,500

While the K40 has a snapdragon 870, the K40 Pro and K40 Pro+ pack the more powerful Snapdragon 888.

Redmi K40, Xiaomi
Advertisement
Income Tax Calculator, Budget 2019, How to Calculate Income Tax

 

Stock Market

Advertisement
Advertisement