Singapore-based e-commerce platform Shopee - that launched in India only in December 2021 - has decided to close operations in the country. The official reason given by Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments. In a statement, it said, "In view of the global market uncertainties, we have decided to close risks of our early-stage Shopee India initiative." The e-commerce platform has been hit by growing opposition from trade associations led by Praveen Khandelwal as well as homegrown social commerce start-ups.
A three-judge bench headed by Justice AM Khanwilkar, by 2:1 majority, held that the grant of the environmental clearance and the notification for change in land use for the project was valid.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
If Tamil Nadu BJP President K Annamalai bought it in 2015, did he get prior approval from the Union home ministry, and did he include it in his annual wealth returns, sections of the media want to know. N Sathiya Moorthy on the curious case of the 'Rafale' watch.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
The Andhra Pradesh Raj Bhavan sex scandal and the paternity suit a love child filed against Tiwari dogged him in his 80s.
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Eminent free market economist Arvind Panagariya has been appointed to run Indian Prime Minister Narendra Modi's new Policy Commission, set up to modernise economic strategy after decades of Soviet-style central planning.
Would Ukraine be such a pushover if it had that nuclear stockpile?' asks Shekhar Gupta.
The next prime minister must ensure that the mistakes made by Manmohan Singh during his tenure are not repeated, notes A K Bhattacharya.
Events to keep an eye out for...
The guidelines by an expert committee, set up for revising the academic calendar in view of the COVID-19 pandemic, have been accepted by the UGC and accordingly universities have been recommended a six-day teaching learning schedule every week.
The Union Cabinet rejected the ordinance route for a set of anti-corruption measures despite pressure from Congress Vice President Rahul Gandhi for bringing such laws.
Seeking to allay concerns of Seemandhra, the government on Thursday said it has no intention to bifurcate Andhra Pradesh at the cost of one region and would do needful for overall prosperity of the residual state.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
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We present Prime Minister Manmohan Singh's full speech as he addressed the country on the occasion of 66th Independence Day, from Red Fort, Delhi.
The IOC chief said that holding events without spectators was clearly something the IOC did not want.
The next challenge for Tokyo organisers is developing measures to help prevent a COVID-19 outbreak during the Games and how much the delay will cost Japanese taxpayers.
Survey likely to be tabled in July by the new government.
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
The country opened its airspace for all flights except for New Delhi, Bangkok and Kuala Lumpur on March 27.
Dr Mitra called the Pandara Road crowd a 'cheerful collective of young dreamers,' united in its 'love and pride for the newly Independent India,' despite 'sharp disparities in background, temperament and attitude.' Dr Shreekant Sambrani recalls his encounters with the legendary economist who passed into the ages.
Wang Yang and Xi Jinping's visits signal the beginning of a major Chinese push to bring about a transformation of Tibet, observes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
Rakesh Kaul, CDO, Edelweiss General Insurance, answers your health insurance queries.
According to its DRHP filed in 2010, the company's net worth was just Rs 140 crore. Its total income for the financial year 2009-10 stood at Rs 119 crore and it had a net profit of Rs 16 crore. In sharp contrast, at the end of March 2021, Paytm's networth was Rs 6,535 crore and total income stood at Rs 3,187 crore.
In the first meeting of NITI Aayog on Friday, Prime Minister Narendra Modi will interact with eminent economists and experts across sectors along with the existing members of the newly constituted body.
We should improve the business climate in Mumbai and Delhi, and India's ranking would immediately shoot up, says Bibek Debroy, a full member of NITI Aayog.
Suggestions have been invited from the public to improve the draft bill and July 19 is the last date for it.
The comments from Das assume importance as the government for two consecutive terms have missed its fiscal deficit targets by 10 bps
Chevening Scholarships offer full financial support for one year to candidates applying for a master's degree at any UK university.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
The sectarian killings by hit-and-run groups have revived and sharpened communal fears among the victims while the Poonch encounter reveals how deep the terrorists have dug in without getting noticed in the porous border area, notes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
Since when have elections become rocket science that you need to hire highly-priced specialists?And even if in the age of social media every party needs to present its best face, is Prashant Kishor the only one with such expertise, especially when his record is mixed with more losses than election wins to his credit? asks Virendra Kapoor.
'Decisions on nuclear power have so far been taken by a small select group, primarily interested in profiteering from their actions, stating 'secrecy' as necessary from the national security point.' 'This argument is false, because we are dealing with the 'civilian' nuclear power sector, which is open even to the IAEA,' says Dr A Gopalakrishnan, former chairman of the Atomic Energy Regulatory Board.
The number of centrally sponsored schemes have increased to 35 in FY22 from 30 in FY21 and central sector schemes have increased to 704 from 685 in the previous year, reports Dilasha Seth.
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
Experts will give their inputs for Budget.
The new schedule means women's softball will kick off competition at 9 a.m. (0000 GMT) in Fukushima on July 21, two days before the Games officially open, with all events taking place a day earlier than the 2020 schedule.
The regulator has asked portfolio managers not to leverage the portfolio of clients for investment in derivatives and not indulge in speculative transactions that are not accompanied by actual delivery, except for derivatives trades. This is done with the intention of reducing volatility in the market and curbing undue risks.
Challenging the verdict is a deterrent to future peace and harmony and a socially irresponsible act, argues Vivek Gumaste.
A shocking fact revealed by a pan-India survey that was flagged at a seminar of Dalit intellectuals
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