Amazon India inks MoU with Silk Mark Organisation of India
Amazon India on Wednesday said it has inked an agreement with the Silk Mark Organization of India (SMOI). As part of the Memorandum of Understanding (MoU), Amazon will launch an exclusive Silk Mark Store with Silk Mark labelled products through multiple sellers associated with the organisation, a statement said. Through this collaboration, Amazon.in will have […]
Gold inches lower as investors await US election outcome
Gold prices edged down on Tuesday, as cautious investors awaited the outcome of the US presidential election with President Donald Trump closely trailing Democrat Joe Biden in national opinion polls. Spot gold were down 0.1% at $1,892.52 per ounce by 0353 GMT. US gold futures were little changed at $1,892.00 per ounce. “Sentiment is hanging […]
India’s October jobless rate rises to 6.98%: Private think-tank CMIE
India’s unemployment rate in October rose to 6.98% from 6.67% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE). The novel coronavirus has infected nearly 8.2 million people in the world’s second-most populous nation, hitting large parts of the economy. Economic activity has resumed after the government eased pandemic lockdown […]
Gold rate goes up to Rs 50,860, silver prices gain 0.33%
Spot gold prices in India(Rs 50,860) have increased since yesterday(Rs 50,850). Although, it was lower than the average gold price observed this week (Rs50,994.29) by 0.26%. The Indian spot gold price as of today is Rs 50,860 which grew by 0.02%; the rate was lower than the global gold spot growth rate of 0.22%. The […]
Airtel rolls out cloud-based communications platform for biz; tunes into $1-billion market
Telecom operator Bharti Airtel on Monday entered the rapidly-growing cloud communications market with the launch of business-centric ‘Airtel IQ’. A cloud-based omni-channel communications platform, Airtel IQ, aimed to enable brands to deepen engagement with customers through timely and secure communication, a company statement said, terming the move as a “game changer” for the fast-evolving Indian […]
Business leader’s univocal for comprehensive unity
Kashmir Traders United Forum has started gathering all trade associations and parties under one banner and started a series of meetings with representatives and heads of various business associations. According to KNS, a meeting held on Sunday under Chairmanship of the forum Farooq Ahmed Dar, while Nazir Ahmad Shah, head of Shahar Khas Traders Coordination […]
Flipkart fashions new front in Amazon fight
Walmart Inc.’s Flipkart unit on Friday agreed to buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd (ABFRL) for Rs 1,500 crore, a move that will help the online retailer consolidate its position in the apparel business with access to brands such as Allen Solly and Van Heusen, as it battles Amazon for […]
India recorded export growth of 4 per cent in September: UN
Export growth declined in India in the third quarter of 2020 relative to the same quarter last year but picked up pace in September, according to a global trade update by the UN. The UNCTAD’s new global trade update said that global trade recorded a 5 per cent drop in the third quarter of 2020 […]
SpiceJet launches four international, 58 domestic flights
Budget carrier SpiceJet on Tuesday announced the launch of 62 new flights, including four international services to Muscat from Delhi and Ahmedabad and back, starting Thursday under the air bubble agreement with Oman. The 58 domestic flights include services on Delhi-Kandla-Delhi sector, Ahmedabad-Goa-Ahmedabad, Goa-Hyderabad-Goa, Mumbai-Guwahati-Mumbai, Ahmedabad-Kolkata-Ahmedabad, Delhi-Durgapur-Delhi,Hyderabad-Mumbai-Hyderabad, Kochi-Kolkata–Kochi, Pune-Chennai-Pune, Madurai-Delhi-Madurai and Mangalore-Delhi-Mangalore sectors, SpiceJet said. […]
China’s economic recovery quickens as consumption returns
China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand. Gross domestic product (GDP) grew 4.9% in July-September from a year earlier, official data showed on Monday, slower than the 5.2% forecast by […]
