Direct selling industry emerges saviour for youth
Amid rising unemployment and layoffs during the pandemic, the direct selling industry has become saviour for youth in the region. According to direct sellers, they have witnessed a tremendous upsurge in people exploring business opportunities, especially from the youth below 35 years of age. The northern states, including Delhi, Rajasthan, Uttar Pradesh and Uttarakhand, contribute […]
Vodafone Idea shares regain strength post SC AGR verdict, trades over 8% on BSE
Giving a sigh of relief to the investors, share price of Vodafone Idea continued to remain in the green zone on Wednesday afternoon and traded up by over 8 per cent. After gaining a high of Rs 10.10 earlier in the day, the shares were trading at Rs 9.63, up by Rs 0.74 or 8.32 […]
Power consumption almost at normal level, slump narrows to just 0.85 pc in August
The slump in the overall power consumption has narrowed to just 0.85 per cent in August at 110.57 billion units (BU) amid a considerable rise in economic activities and raised hopes that it would surpass normal level this month Power consumption in August last year was at 111.52 BU, as per power ministry data. As […]
Adani Group to acquire GVK’s 50.5 per cent stake in Mumbai International Airport
Billionaire Gautam Adani’s Adani Group on Monday said it will acquire GVK’s stake in Mumbai airport to become the country’s biggest private airport operator, with a cumulative shareholding to 74 per cent. According to a regulatory filing, Adani Airport Holdings Ltd (AAHL), the flagship holding company of Adani Group for its airport business, “has entered […]
Future Enterprises board likely to take final call on Reliance Retail deal
The Board of directors of Future Enterprise Ltd. are going to hold a separate meeting in which they will take a final call on impending sale of group’s retail business to Mukesh Ambani’s Reliance Retail, reports stated on Saturday. The meeting aims “to consider and evaluate proposals to raise funds by way of issuance of […]
GST Council meet: Collection has shortfall of Rs 2.35 lakh crore in FY21, states given two options on compentation
Union Finance Minister Nirmala Sitharaman on Thursday said that the coronavirus pandemic has hit the economy bad as the goods and services (GST) collection has the shortfall of Rs 2.35 lakh crore for fiscal 2021. The minister told that the centre has released over Rs 1.65 lakh crore as GST compensation to states for fiscal 2020, […]
Apple to open India online store in September: Bloomberg News
Apple Inc is set to open an online store in India next month, Bloomberg News reported on Tuesday, citing a person familiar with the matter. The iPhone maker currently sells its products in the country through third-party vendors and e-commerce firms such as Amazon.com Inc and Walmart Inc-owned Flipkart. The company’s online store will be […]
Market surge indicates a disconnect with economy
Investors are piling into stocks, shrugging off worries about rising Covid-19 infections and betting on a speedy economic recovery, even as a steady stream of data points otherwise. If India’s fear-gauge, the India volatility index (VIX), is any indication, the panic over the pandemic and its fallout on the economy is officially over. The index […]
Apple becomes first US company valued at $2 trillion in market value
Apple Inc became the first publicly listed US company with a $2 trillion stock market value on Wednesday, as Wall Street investors put aside challenges to its iPhone ecosystem in favour of bets it will only prosper more in the post-coronavirus world. Shares in the company have surged since blowout quarterly results in July that […]
India asks automakers to cut royalties to foreign parents to boost local investment
NEW DELHI: India’s commerce minister has asked automakers to find ways to reduce royalty payments to foreign parent companies for use of technology or brand names, two sources told Reuters, in an effort to boost local investment and reduce outflows. In India’s competitive auto market, top-selling carmakers Maruti Suzuki and Hyundai Motor’s local unit pay millions […]
