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-
Vodafone's India ops headed for liquidation: CEO
Vodafone-Idea, India’s second-largest telecom company, may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, Nick Read, the chief executive officer of Vodafone, said in London on Tuesday. -
'India slotted for sub-5% quarterly GDP growth'
If a 5% GDP growth rate was not bad enough, there are warning signs that in July-September quarter it may have fallen further. On Tuesday, SBI warned that Q2 GDP growth rate may fall to 4.2% from 5% in Q1, while the securities arm of Kotak Bank estimates it to be at 4.7%.Japanese firm Nomura too feels that the GDP growth rate during the previous quarter would be at 4.2%. -
Another whistleblower guns at Infosys Salil Parekh, urges Chairman to act against CEO
Global software major Infosys has last week strongly condemned the "mischievous insinuations" made by anonymous sources against the co-founders and former colleagues, but another whistleblower has accused its Chief Executive Officer (CEO) Salil Parekh of committing misdeeds. The has urged the Chairman and the board of directors to act against him on his volatile complaints. -
Some e-retailers indulged in predatory pricing: Goyal
Union commerce and industry minister Piyush Goyal on Tuesday said some e-commerce companies are indulging in predatory pricing which is adversely impacting millions of small retailers. -
'Some e-retailers indulged in predatory pricing'
Union commerce and industry minister Piyush Goyal on Tuesday said some e-commerce companies are indulging in predatory pricing which is adversely impacting millions of small retailers. "It is important for e-commerce to follow the letter and spirit of the law," he said at the BRICS trade ministers meeting in Brasilia. -
Some e-retailers indulged in predatory pricing: Piyush Goyal
The minister said the need of the hour is to develop digital infrastructure, digital skills and institutions particularly in the developing and less developed world. -
SBI Research pegs FY20 growth at a low 5%
House economists at the nation's largest bank SBI on Tuesday sharply slashed GDP forecast for the full year to a low 5%, and warned of financial instability if the central continues with its easy money policy in its bid to spur growth. The 2nd quarter GDP growth will print in at a lower 4.2%, they said. -
Heard about S386? How this bill impacts green card quota of Indians, Chinese
S386 or Fairness for High Skilled Immigrants Act is a bill that aims to remove the country-specific quota for green cards. -
ASUS launches new AMD-powered laptops
The ZenBook 14 UM431DA is powered by second-generation Ryzen 5 3500U Mobile Processor with Radeon Vega 8 graphics. The ergo lift design at 1.39 kg is packed in a 15.9 mm case. It promises a 12-hour battery life and comes with a fingerprint sensor. -
Alibaba's Singles' Day shopping event records $38 billion sales; Check other details
Chinese e-commerce giant Alibaba has posted 24.3 per cent jump in total sales to $38.3 billion during the 11th edition of mega 24-hour Singles` Day shopping event. The high-double digit growth in the Global Shopping Festival, branded as Double 11, holds high hopes for the Chinese economy which has slowed down in the wake of global trade war and sagging demand. -
Government to consider TCS, Infosys proposals to set up SEZ on November 15
Infosys has proposed to set up two SEZs -- one each in Kancheepuram and Pune -- according to the agenda paper of the board meeting. -
Rs 300 crore that no one wants: Indians’ money lying in dormant Swiss bank accounts
The claim period for two such accounts -- which are in the names of Leila Talukdar and Prmatha N Talukdar -- would end next month on November 15, while the assets can be claimed till December this year for accounts in the names of Chandralata Pranlal Patel, Mohan Lal and Kishore Lall. -
Indians convinced country headed in right direction despite slowdown, falling GDP, unemployment
A majority of Indians are of the opinion that the country is headed in the right direction despite alarming GDP numbers, prolonged economic slowdown and unemployment. -
Have told states to reject APMC and shift to eNAM: Nirmala Sitharaman
The Finance Minister also said that she had in the Budget announced formation of 10,000 Farmer Producer Organizations (FPOs) to that farmers have easy access to institutional finance -
Economic downturn: India’s July-September quarter GDP numbers crucial, says DBS report
A disappointing GDP report could lift USD/INR above its two-month range between 70.5 and 71.5 and bring it closer to the year's high around 72.5, believes DBS. -
Infy CEO faces fresh whistleblower complaint
Weeks after IT major Infosys faced a whistleblower complaint alleging unethical practices by its top officials, another such letter has surfaced accusing the company's chief executive officer Salil Parekh of indulging in misdeeds and urging its board to initiate action against him. -
Another whistleblower guns at Infosys' Salil Parekh
Another whistleblower from global software major Infosys accused its chief executive officer (CEO) Salil Parekh of committing misdeeds and urged the chairman and the board of directors to act against him on his volatile complaints. -
RBI cuts India’s annual GDP forecast by whopping 1.1% in six months; lists these key reasons
The downward revision in GDP growth forecast reflected both subdued domestic demand conditions and weak consumer sentiments. -
Vodafone's future in India in doubt after latest setback
Vodafone said its future in India could be in doubt unless the govt stopped hitting operators with higher taxes and charges, after a court judgment over license fees resulted in a 1.9 billion euro group loss. Asked if it made sense for Vodafone to remain in India without any relief package, it said — "It's fair to say it's a very critical situation." -
GST taxpayer alert! You need to be careful in filing November GST return after change of rule last month
GST alert! GST returns to be filed this month are the first returns after the change of rule in October. Experts advise taxpayers to be careful while calculating the ITC amount. -
Why companies are insisting on dating disclosures
Not all relationships are created equal — some require more paperwork than others. Last week, McDonald’s CEO Steve Easterbrook was abruptly fired for having a consensual relationship with a subordinate, which violated their employee code of conduct. -
BRICS Summit to focus on strengthening ties among world’s 5 major economies, says PM Modi
"I look forward to exchanging views with other BRICS leaders with the aim to further strengthen intra-BRICS cooperation particularly on the theme of the Summit 'Economic growth for an innovative future'," Prime Minister Modi said in his departure statement. -
India to cross 200 GW renewable energy capacity mark by 2022: Power Minister RK Singh
"We have decided that by 2022 we will establish 175 GW of renewable energy capacity. We are close to achieving the target," Singh said at BRICS Energy Ministers meet in Brasilia, Brazil on Monday. -
Sensex, Nifty shut on account of Guru Nanak Jayanti
Bombay Stock Exchange (BSE) Ltd and the National Stock Exchange of India (NSE) Ltd were closed on Tuesday on account of Guru Nanak Jayanti.Wholesale commodity markets including metal and bullion were also shut to mark the 550 birth anniversary of the founder of Sikhism. -
SBI hints at more pain ahead for economy; cuts FY20 GDP growth to 5%
India’s GDP growth is expected to fall further in the second quarter after touching a six-year low in the first quarter of FY20, SBI said in a research note on Tuesday. -
'Fair to say it's a critical situation': Vodafone CEO on future in India
British telecom giant Vodafone's chief executive Nick Read on Tuesday termed India's investment strategy as "well placed", however, mentioned that the situation has been financially "a negative burden". He stated that the British giant "committed a lot of capital in India, but still believe potential is there." -
Critical situation: Voda CEO on future in India
British telecom giant Vodafone's chief executive Nick Read on Tuesday termed India's investment strategy as "well placed", however, mentioned that the situation has been financially "a negative burden". Commenting on the telecom operator's future in India, Vodafone CEO said: "It's fair to say it's a critical situation." -
Finding the ‘next China’! India – a front runner still struggles to capitalize on China-US trade war
A report published Tuesday by Bloomberg Economics shows that no one nation is able to reproduce the kind of success China enjoyed in transforming its economy. -
Another blow for Indian economy after record IIP slump; new data shows economic revival not near
The highest contraction in bank credit is observed in the micro, small and medium enterprises (MSMEs). -
Amazon of farming: FM Sitharaman shows future to farmers; says, bury old systems that have outlived
The states should dismantle agriculture produce marketing committees (APMCs) and join the electronic national agriculture market (eNAM), finance minister Nirmala Sitharaman said at an event on Tuesday. -
Stock exchanges shut on account of Guru Nanak Jayanti
Bombay Stock Exchange (BSE) Ltd and the National Stock Exchange of India (NSE) Ltd were closed on Tuesday on account of Guru Nanak Jayanti.Wholesale commodity markets including metal and bullion were also shut to mark the 550 birth anniversary of the founder of Sikhism. -
Explained: What a roll-back of Trump tariffs on Chinese goods may look like
The United States is scheduled to levy 15% tariffs on about $156 billion of Chinese products on Dec. 15, including cellphones, laptop computers, toys and clothing - known as "List 4B." -
IIP numbers add to worry; what next for economy
India#39;s industrial output continues to stutter and contracted 4.3 percent month-on-month in September. -
Delhi air pollution fueled by rice fields that are not even needed in the country
Each year India’s rice farmers burn the stubble of the harvested crop, contributing to an annual haze that damages the health of those in and around the capital. -
Alibaba's Singles' Day sales hit record $38 billion; growth slows
Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more than Amazon.com Inc’s haul last quarter from online sales. But sales growth for the festival eased to 26%, the weakest since 2009, held back by a slowing e-commerce industry in China as the country’s economic expansion heads toward a historic low. -
Alibaba's Singles' Day sales hit record $38 billion
Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more than Amazon.com Inc’s haul last quarter from online sales. But sales growth for the festival eased to 26%, the weakest since 2009, held back by a slowing e-commerce industry in China as the country’s economic expansion heads toward a historic low. -
Boeing: 737 MAX expected to resume flying in Jan
Boeing on Monday said it expects the 737 MAX airplane, which was grounded after two crashes killed 346 people, to resume flying in January, delaying its return by one month. -
Modi’s PM Fasal Bima Yojana under stress: ICICI, Tata, two other private insurers drop out of scheme
These firms suffered losses from crop insurance biz in 2018-19 as claims skyrocketed. -
India’s industrial output growth hits 8-year low
Industrial production in September contracted 4.3%, the sharpest decline since October 2011 spanning both the 2004-05 and 2011-12 series, official data showed on Monday. -
Lukewarm response to indirect tax legacy dispute resolution scheme
The legacy dispute resolution scheme for indirect tax taxpayers has seen a tepid response at the half-way point with only a fraction of amount locked in litigation coming forward. -
Income tax dept carries out searches at onion wholesalers in Maharashtra
The Income Tax department on Monday carried out searches in the offices and warehouses of four major traders at Lasalgaon, the largest onion wholesale market in the country. -
Profits from digital business: India against OECD formula for taxation
India’s share of tax from multinational digital companies like Google and Facebook, among others, would be substantially lower than the current mop-up under equalisation levy if the taxation formula suggested in the OECD consultative paper is applied.
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