Indian Sellers Collective (ISC), a trade association of micro and small enterprises and family businesses, on Wednesday urged IT veteran NR Narayana Murthy to cooperate in the Competition Commission of India's antitrust probe against Amazon for alleged anti-competitive practices. In 2014, Murthy's Catamaran and Amazon had formed a joint venture, Prione Business Services. On Monday, the partners announced that they have mutually decided not to continue the JV beyond May 2022. ISC thanked Murthy for deciding to end the joint venture with Amazon.
The dip in the air quality can be attributed to low wind speed and temperatures which allowed accumulation of pollutants.
In his address after more than 75,000 people were given appointment letters for various government jobs in the first tranche, Modi acknowledged the challenges facing the economy the world over with many countries hit by a record inflation and unemployment and said India is making every effort to come out of the situation unscathed.
Wherever you go, whether it's Malad or the Maldives, people. want. to. take. pictures. Of themselves. Relentlessly, repeatedly, recklessly.
The Supreme Court Monday rued the 'general practice' of speakers delaying decisions on pleas seeking disqualification of lawmakers and the subsequent arguments that courts should 'stay away,' while hoping that the West Bengal assembly speaker would decide on such a plea against Mukul Roy who defected to the Trinamool Congress from the Bharatiya Janata Party after the state polls.
The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.
AY.12, a sub-lineage of Delta which is driving fresh cases in Israel, is being seen in many states in the country but the numbers need a closer examination, INSACOG, a genome sequencing consortium, has said in its latest bulletin.
One of Mumbai's biggest real estate redevelopment projects of Bombay Development Directorate's (BDD's) chawls (large buildings divided into many separate tenements, offering cheap, basic accommodation) has taken off in Central Mumbai, opening up a Rs 20,000-crore opportunity for real estate companies. It is expected to drive down real estate prices in Central Mumbai by up to 25 per cent, forecast real estate experts. Spread over 92 acres in Central Mumbai's prime localities of Worli, Lower Parel, and Dadar and consisting 195 four-storey houses, the BDD chawls were constructed in the 1920s.
A Delhi court on Wednesday sought an action taken report from the Delhi Police on a private complaint filed against Congress leader Rahul Gandhi for allegedly disclosing the identity of a minor rape victim, the lawyer for the complainant said.
India's economy is expected to grow 7.5-8 per cent this fiscal year with exports playing a key role in the country's success story, CII president TV Narendran said on Monday. However, he said the country needs to remain prepared for any fallout of next wave of COVID-19 pandemic, and the impact of the ongoing Russia-Ukraine war. "We are confident that the economy can retain a high growth trajectory this year. "So, we are very optimistic on the export front. "Exports will be a key component of India's success story going forward," Narendran said.
The move towards indigenisation of defence procurement creates new opportunities for India's military industrial sector. The Government of India (GoI) has so far released five lists of items for positive indigenisation - these should be manufactured in India, rather than imported. Each item on these lists represents an opportunity for some local firm.
Known for delivering time-bound results, Sharma earned Modi's confidence as his secretary during his tenure as the Gujarat chief minister by successfully handling the Vibrant Gujarat campaign to get investments to the state.
Transcript of the IIT chat with Pradeep Gupta, chairman of CyberMedia Group.
The Department for Promotion of Industry and Internal Trade (DPIIT) will soon start public consultation for a national retail trade policy, which is likely to include an insurance scheme aimed at providing financial protection against losses caused by theft, accidents or natural calamities. The policy will also spell out ways to give traders access to low-cost finance, promote digital inclusion, and create necessary infrastructure to support them, a senior government official told Business Standard. This is expected to offer relief especially to traditional traders, who are facing stiff competition from large e-commerce players.
Probably 35 bps. There could be even an encore in February 2023 to take the policy rate to 6.5% before the financial year ends, predicts Tamal Bandyopadhyay.
"The PMJDY has been the foundation stone for the Modi government's people-centric economic initiatives. "Whether it is direct benefit transfers, Covid-19 financial assistance, PM-KISAN, increased wages under MGNREGA, life and health insurance cover, the first step was to provide every adult with a bank account, which PMJDY has nearly completed," Nirmala Sitharaman said on the sixth anniversary of the scheme.
'To set up a successful business, one must have a solution to an existing problem or a better way of addressing the current solution.'
While the Narendra Modi government has stuck to its stand that pending payment is Rs 12,343 crore, MSMEs calim outstanding amount is Rs 2-3 trillion. Moreover, MSME ministry's SAMADHAN portal has been of little help.
Mumbai-born Veena Sahajwalla has developed a microfactory in Australia to upcycle electronic waste.
Madhya Pradesh humbled domestic powerhouse Mumbai by six wickets in a one-sided final to win their maiden Ranji Trophy crown, at the M Chinnaswamy Stadium, in Bengaluru on Sunday. It was an achievement of sorts for coach Chandrakant Pandit, who exorcised the ghosts of losing one at the same venue 23 summers ago. It was a record sixth national title for Pandit as a coach.
Of the 2,562 customer complaints received between January 2020 and March 2021, a majority relate to illegal apps. At least two dozen suicide cases have been reported, perpetrated by the harassment by loan app operators, points out Tamal Bandyopadhyay.
The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up an insurance business in a bid to facilitate the entry of multiple players such as standalone micro insurers and niche players. Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai), said it should be left to the regulator instead to decide what should be the entry fee for interested players, depending on the size of the business and operations. According to the current norms, insurers are required to have a minimum paid-up capital of Rs 100 crore.
Local trains will be allowed to operate with 50 per cent capacity till 7 pm, while all shopping malls and markets will be allowed to remain open till 10 pm but with half their capacities, he said.
'If he loses Gujarat, then he has a major, major, problem coming up in 2024.'
A plain dal-chawal can be turned into a wholesome set meal bowl of veggies, seeds, lentils, rice and herbs when tweaked, suggests Radhika Iyer. Talati.
The earliest ones included whistles shaped like birds, toy monkeys that could slide down a string and small carts made from materials found in nature such as sticks, clay and rocks. While there might be no disputing India's rich toy-making tradition, the industry is languishing for lack of investment and technology, and also owing to competition from cheap imports. And though it has been listed among 24 key sectors under the government's Atmanirbhar Bharat Abhiyaan, the question remains: will this push help place it in the global game? Currently, 80-odd per cent of the toys sold in India are imported - nearly 60 per cent of them from China.
Sitharaman also announced Rs 10,000 crore fund to support 2 lakh micro food enterprises for promoting health and wellness, herbal, organic and nutritional products.
Union Finance Minister Nirmala Sitharaman on Monday said banks need to focus more on being customer-friendly so that the process of availing credit becomes more hassle-free for borrowers. However, the minister made it clear that banks do not have to be lenient on credit underwriting standards by taking any adverse risks on a proposal. At a meeting between industry representatives and the finance minister, a startup founder in the baking business suggested for credit to be available hassle-free, to which largest lender SBI's chairman Dinesh Kumar Khara said a startup's worries are more on the equity side and assured full support in lending if sufficient equity is on the table.
Delhi recorded an air quality index of 315 at 11:10 am. The last time the air quality hit such a poor level was in February.
The ministry also decided to dispense with the requirement of the Integrity Pact Bank Guarantee to reduce the financial burden on the Indian defence industry, a move aimed at promoting domestic manufacturing.
Irfan Pathan, through his tweets, is trying to wake the conscience of a country that is in slumber, or so it seems.
The country's gross domestic product (GDP) is likely to grow at 5.8 per cent in the third quarter of fiscal 2022, according to an SBI's research report- Ecowrap. The country's economy expanded by 8.4 per cent in the second quarter of 2021-22, to cross pre-pandemic levels. However, the GDP growth in July-September period was slower than the 20.1 per cent expansion in the previous quarter.
'The margin of victory or loss would make both camps rethink their strategies for the 2024 assembly election in Maharashtra.'
In yet another case of suspected hate crime, an Indian-origin Sikh taxi driver in the US has been assaulted by an unidentified man, who knocked off his turban and also used expletives against him outside the JFK International Airport in New York, according to a video on social media.
Finance Minister Nirmala Sitharaman will kick start the customary pre-Budget consultation exercise with stakeholders from Wednesday by holding the first such meeting with experts of agriculture and agro-processing industry. She will be seeking inputs from various stakeholders, including industry bodies, farmer organisations and economists for reviving consumption and boosting growth hit by the COVID-19 pandemic. The growth this year is expected to be in the double-digit during the current fiscal.
This is the second time in a week that the Karnataka state capital is witnessing such severe waterlogging.
Technology giant IBM is close to a deal to buy Sun Microsystems for about $7 billion, says a media report.
Amid outrage over personal accounts of Vice-President M Venkaiah Naidu and Rashtriya Swayamsevak Sangh chief Mohan Bhagwat losing verified blue tick marks, Twitter on Saturday said the blue badge and verified status could be automatically removed from an account if it is incomplete or inactive for six months as per its rules.
The BJP is not taking the AAP challenge lightly. Amit Shah has cautioned party insiders to ensure that AAP does not cross a vote share of 24%. He has always seen AAP as a much more significant challenge than the Congress, observes Ramesh Menon, author, Modi Demystified: The Making Of A Prime Minister.
'If you want to change everything all of a sudden to polyester, then the production of khadi flags will come under trouble.'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances