News for 'State for Commerce'

Pranab cremated with full state honours in shadow of pandemic

Pranab cremated with full state honours in shadow of pandemic

Rediff.com1 Sep 2020

Mukherjee's family and relatives paid their last respects clad in PPE kits while conforming to COVID-19 safeguards.

PB Fintech down 5% in 2 days on Bima Sugam worry; analysts say buy the dip

PB Fintech down 5% in 2 days on Bima Sugam worry; analysts say buy the dip

Rediff.com17 Aug 2023

The decline of over 5 per cent in PB Fintech's shares (the parent company of PolicyBazaar) in the past two days presents an opportunity for long-term investors to consider buying the stock, suggest analysts. By comparison, the benchmark S&P BSE Sensex has remained flat during the same period with a negligible gain of 40 points, or 0.06 per cent. Analysts believe that the recent selling is "overdone", as the company behind the online insurance portal remains committed to achieving profitability, and the potential threat from the government's online insurance portal, Bima Sugam, might be embellished.

Import restrictions on laptops, tablets imposed

Import restrictions on laptops, tablets imposed

Rediff.com3 Aug 2023

The government on Thursday imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers with immediate effect. The Directorate General of Foreign Trade (DGFT) in a notification said exemption from import licensing is provided up to 20 items per consignment for R&D, testing, benchmarking and evaluation, repair and return and product development purposes.

US-based Coupang to set up tech centre in India

US-based Coupang to set up tech centre in India

Rediff.com18 Aug 2023

Coupang, a prominent online retail giant headquartered in the United States (US), is gearing up to establish a cutting-edge technology centre in India, aiming to hire several dozen skilled professionals by the end of the year, Business Standard has learnt. The intended expansion involves the recruitment of software engineers across various domains, underscoring Coupang's commitment to extend its global reach. The Indian team will support the company's global technology team, sources said.

60 fugitives have so far been extradited to India, but Rana's case is special

60 fugitives have so far been extradited to India, but Rana's case is special

Rediff.com18 May 2023

In more than a decade since 2002, 60 fugitives were extradited or deported by foreign governments to India, which received a major victory in its fight to bring the perpetrators of the 26/11 Mumbai attacks to justice when a US federal court agreed to the extradition of Pakistani-origin Canadian businessman Tahawwur Rana to the country.

UP bans sale of halal-certified products, no restriction on exports

UP bans sale of halal-certified products, no restriction on exports

Rediff.com19 Nov 2023

In a statement, the state government alleged 'malicious attempts' to discourage the use of products lacking a halal certificate not only seek 'unfair financial benefits' but also form part of a 'pre-planned strategy to sow class hatred, create divisions in society, and weaken the country' by "anti-national elements".

Himanta's wife files Rs 10cr defamation suit against Gaurav Gogoi

Himanta's wife files Rs 10cr defamation suit against Gaurav Gogoi

Rediff.com23 Sep 2023

Riniki Bhuyan Sarma, the wife of Assam Chief Minister Himanta Biswa Sarma, has filed a Rs 10 crore defamation suit against Congress MP Gaurav Gogoi for 'false' allegations of irregularities in a food processing project.

Cong protests against farm laws in several states, 3 PCC chiefs held

Cong protests against farm laws in several states, 3 PCC chiefs held

Rediff.com28 Sep 2020

Party's state unit chiefs of Delhi, Uttar Pradesh and Gujarat were also detained along with the workers during the protests.

Commerce minister sees hope for trade facilitation in WTO talks

Commerce minister sees hope for trade facilitation in WTO talks

Rediff.com11 Nov 2014

Commerce minister makes strong case for food subsidy to poor.

Can India Create Multi Language AI Like Chat GPT?

Can India Create Multi Language AI Like Chat GPT?

Rediff.com8 Jan 2024

Creating an LLM trained on Indian languages is not easy. Experts say each language in India has a nuance of its own, so creating a ChatGPT-like product is an ambitious challenge.

Realty investment drops 6% in 20 states

Realty investment drops 6% in 20 states

Rediff.com8 Jan 2014

Assocham report cites economic slowdown, liquidity crunch, labour shortage etc as reasons.

Karnataka BJP leader Eshwarappa 'retires' from politics

Karnataka BJP leader Eshwarappa 'retires' from politics

Rediff.com11 Apr 2023

Eshwarappa would turn 75 in June, the unofficial age bar in the BJP for leaders to contest polls and hold official positions.

Meet The Ladies At Budget Session

Meet The Ladies At Budget Session

Rediff.com2 Feb 2023

Glimpses of lady MPs as the nation's lady finance minister presents the Budget for the next financial year on Wednesday, February 1, 2023.

Sikkim flash flood: Toll rises to 18; over 90 still missing

Sikkim flash flood: Toll rises to 18; over 90 still missing

Rediff.com6 Oct 2023

The Sikkim Government has confirmed that 14 people have died so far in the flash floods that occurred in Sikkim in the early hours of Wednesday.

Reliance Takes Another Bite At Dairy

Reliance Takes Another Bite At Dairy

Rediff.com18 Apr 2023

This is the Mukesh Ambani-led company's second entry into the dairy segment and it will directly compete with Amul and Mother Dairy.

Gujarat again tops NITI's Export Preparedness Index

Gujarat again tops NITI's Export Preparedness Index

Rediff.com25 Mar 2022

Gujarat, for the second consecutive year, has topped the Niti Aayog's Export Preparedness Index 2021 which is aimed at assessing the readiness of the states in terms of their export potential and performance. Gujarat was followed by Maharashtra, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Punjab, Andhra Pradesh and Telengana, according to the government think tank's report. Union territories and states like Lakshadweep, Arunachal Pradesh, Mizoram, Ladakh and Meghalaya were placed at the bottom.

'I expect 8% growth next year'

'I expect 8% growth next year'

Rediff.com29 Dec 2023

'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'

Sittwe Port: India's Move Against China

Sittwe Port: India's Move Against China

Rediff.com20 May 2023

The project, the agreement for which was signed way back in 2009, had been gaining strategic relevance over the years as India-China ties took a hit.

Adani's Dharavi dream: Producing millionaires minus slumdog prefix

Adani's Dharavi dream: Producing millionaires minus slumdog prefix

Rediff.com20 Jul 2023

Billionaire Gautam Adani on Wednesday shared a personal note on the development of Dharavi in Mumbai, days after the Maharashtra government issued a resolution to award the Dharavi redevelopment project to his conglomerate on July 14. In the note shared with the media, Adani said his first tryst with Dharavi in Mumbai was in the late 1970s, and the slum settlement continues to amaze and inspire the billionaire to date. "When this opportunity to renew Dharavi came calling, I seized it with both hands," he said.

10 states, UTs support FDI in retail: Govt

10 states, UTs support FDI in retail: Govt

Rediff.com13 Aug 2012

Ten states and Union Territories have endorsed the Centre's decision to allow FDI in multi-brand retail, Minister of State for Commerce and Industry Jyotiraditya Scindia said on Monday.

Costs near Rs 10K crore, Swiggy losses widen 2x to Rs 3.6K crore

Costs near Rs 10K crore, Swiggy losses widen 2x to Rs 3.6K crore

Rediff.com3 Jan 2023

Food delivery aggregator Swiggy's losses widened 2.24 times to Rs 3,628.9 crore during last financial year, as its expenses surged 227 per cent in a year. This is even as the decacorn's revenue jumped more than twofold to Rs 5,704.9 crore in FY22, according to details from company research platform Tofler. While the company's losses surged from a base of Rs 1,616.9 crore in FY21, its total expense in FY22 touched Rs 9,748.7 crore, from Rs 4,292.8 crore a year ago.

Cutting across party lines, 27 women MPs debate, back women's quota bill in LS

Cutting across party lines, 27 women MPs debate, back women's quota bill in LS

Rediff.com20 Sep 2023

Initiating the debate on the bill from the opposition's side, Congress leader Sonia Gandhi said that any delay in bringing the reservation into effect would be "gross injustice" to Indian women.

'Onion price rise scares this government'

'Onion price rise scares this government'

Rediff.com26 Aug 2023

'Commerce Minister Piyush Goyal once told me that if onion prices rise we will face the flak for it across India.' 'What can farmers expect from a government which talks like a trader and only believes in (electoral) profit and loss?'

Will quit politics if charges against wife proved: Himanta

Will quit politics if charges against wife proved: Himanta

Rediff.com14 Sep 2023

Gogoi and Sarma have been locked in a war of words on 'X' since Wednesday on the issue of the chief minister's wife's company allegedly being given a credit subsidy of Rs 10 crore.

'Asian Games is a cash-burning project'

'Asian Games is a cash-burning project'

Rediff.com21 Sep 2023

With economic problems and job cuts, Hangzhou locals and people in other parts of China are not very pleased about hosting the Asian Games.

These 5 states account for 70% exports: Survey

These 5 states account for 70% exports: Survey

Rediff.com30 Jan 2018

On the other hand, 16 or half of all states and Union Territories account for only 3 per cent of all exports.

Modi embarks on historic US visit, says this before departure

Modi embarks on historic US visit, says this before departure

Rediff.com20 Jun 2023

Modi said this 'special invitation' from President Joseph Biden and First Lady Jill Biden for a state visit is a reflection of the vigour and vitality of the partnership between the democracies.

Modi, Biden raise a toast to 'ever-lasting friendship'

Modi, Biden raise a toast to 'ever-lasting friendship'

Rediff.com23 Jun 2023

Modi was addressing the State Dinner hosted in his honour by US President Joe Biden and First Lady Jill Biden at the North Lawn of the White House.

States have right to levy entry tax on goods: SC

States have right to levy entry tax on goods: SC

Rediff.com11 Nov 2016

A 7:2 majority verdict by the apex court ruled that the tax legislation by the state does not require the consent of the President under Article 304 B of the Constitution

Govt to procure 200K-tonne onions amid farmer protest

Govt to procure 200K-tonne onions amid farmer protest

Rediff.com23 Aug 2023

Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).

Mayawati's Now Or Never Moment

Mayawati's Now Or Never Moment

Rediff.com9 Oct 2023

'Unless she joins one of the coalitions, she has a bleak future.' 'The NDA option is suicidal, but INDIA could help her.'

Soaring veggie prices stoke inflation fears

Soaring veggie prices stoke inflation fears

Rediff.com12 Jul 2023

Unprecedented rains and floods in the northern region in the past few days have not only caused extensive damage to lives and property but have also impacted business and commercial establishments. Vegetable prices have gone through the roof in the national capital and many other parts of the country since rains started pouring earlier this month. Traders say vegetable prices would come down only after roads open and skies clear, even as water in the fields will take time to recede.

UPI-related scams account for 55% of total digital payments frauds in India

UPI-related scams account for 55% of total digital payments frauds in India

Rediff.com17 May 2023

Out of all the reported digital payment frauds in India, over half (55 per cent) were United Payments Interface (UPI)-related, a new report released on Tuesday revealed. Another 18 per cent are card related, 12 per cent are related to internet banking and nine per cent are from phishing calls. Most of the UPI-related frauds, however, have a low ticket size.

UP seeks to take embassies' help to boost exports

UP seeks to take embassies' help to boost exports

Rediff.com2 Aug 2022

The Uttar Pradesh government will tap the Indian embassies in the US and European countries in its bid to double merchandise shipments to Rs 3 trillion in the next 4-5 years. The Indian embassies in the US, UK, Germany, Australia, Israel, Singapore, etc. will promote the micro, small and medium enterprises (MSME) products, apart from traditional handicrafts and indigenous products, under the state's flagship One District One Product (ODOP) scheme. "Indian embassies will provide the much-needed traction and visibility to our traditional products in key export destinations across the globe," UP additional chief secretary (MSME and export promotion) Navneet Sehgal told Business Standard.

17 US states, tech giants sue against new visa rule

17 US states, tech giants sue against new visa rule

Rediff.com14 Jul 2020

The lawsuit seeks an injunction to stop the entire rule from going into effect.

Modi inaugurates railway, Kochi Metro Phase II projects in Kerala

Modi inaugurates railway, Kochi Metro Phase II projects in Kerala

Rediff.com1 Sep 2022

The prime minister, who is on a two-day visit to the state, inaugurated, laid the foundation stone of and dedicated to the nation, railway and metro projects in the state worth Rs 4,500 crore.

Despite 'Make in India', PSUs, states opt for Made in China

Despite 'Make in India', PSUs, states opt for Made in China

Rediff.com27 Jul 2018

A report by parliamentary standing committee on commerce noted that Indian industry was getting decimated by China dumping its cheap products in India.

Flipkart's Bengal warehouse to create about 3,500 jobs

Flipkart's Bengal warehouse to create about 3,500 jobs

Rediff.com16 Jun 2021

Walmart-owned Flipkart on Wednesday said it has set up a new fulfilment centre (warehouse) in West Bengal, its second-largest in the state, that will help in creating nearly 3,500 direct jobs. Spread across an area of over 2.2 lakh sq ft, the new facility in Dankuni will cater to the needs of Flipkart and Myntra customers in the region and bolster the e-commerce major's efforts to ramps up supply chain infrastructure in the eastern part of the country. The facility will also help thousands of sellers offer a wider selection and enable faster deliveries of customer orders within the region and neighbouring states while also helping create national market access, according to a statement.

Amazon, Flipkart HQs get battle-ready: Draw up sales strategy in war rooms

Amazon, Flipkart HQs get battle-ready: Draw up sales strategy in war rooms

Rediff.com23 Sep 2022

E-commerce companies managed to beat the odds by adopting a flexible approach in terms of transforming their business models and leveraging emerging technologies. They had to constantly align their objectives with evolving customer needs. With companies hiring thousands of temporary workers, expanding to smaller cities, and launching new products, e-commerce giants gird up to celebrate the peak festival season without Covid restrictions after a three-year time-out.

Foreign e-com firms destroying small traders: RSS arm

Foreign e-com firms destroying small traders: RSS arm

Rediff.com1 Nov 2021

The Centre must bring an "all-encompassing" policy to protect the interests of the consumers as well as offline traders and small traders, he said, underlining that the proposed consumer protection e-commerce rules are "inadequate" to address the issue. The Swadeshi Jagaran Manch (SJM) is an affiliate of the Rashtriya Swayamsevak Sangh (RSS).