News for 'commerce'

Just 3,000 nods: Trai's whitelisting deadline may be pushed by 30 days

Just 3,000 nods: Trai's whitelisting deadline may be pushed by 30 days

Rediff.com27 Sep 2024

The Telecom Regulatory Authority of India (Trai) may extend the deadline to whitelist URLs (Uniform Resource Locators), APKs (Android Package Kit), or OTT (Over The Top) links - through which it intends to curb their misuse -is likely to be extended by 30 days as only over 3,000 registered senders (businesses) have complied, officials indicated. According to Trai officials, over 3,000 registered senders have whitelisted more than 70,000 links, but many more (thousands of others) are yet to comply with the directive as the mandatory norms are set to come into effect from October 1.

'Trump Is More Unpredictable'

'Trump Is More Unpredictable'

Rediff.com7 Nov 2024

'The policies announced by his administration are implemented faster.'

Will Poonawalla Let Karan Johar Thrive?

Will Poonawalla Let Karan Johar Thrive?

Rediff.com27 Nov 2024

A non-strategic investor like Poonawalla brings in not only capital but also creative freedom. Indian cinema needs more investors like him, reports Vanita Kohli Khandekar.

Hiring by e-commerce firms set to rise in 2022

Hiring by e-commerce firms set to rise in 2022

Rediff.com30 Dec 2021

From a location perspective, the last quarter saw Kolkata and Gurgaon as top regions for employment in these sectors and among roles, sales and office services stood out.

JSW MG surges in sales: Is this the disruption electric car market needs?

JSW MG surges in sales: Is this the disruption electric car market needs?

Rediff.com30 Nov 2024

In September, JSW MG Motor India, the newly minted joint venture between SAIC Motor, which is present in 100 countries, and Indian conglomerate JSW Group, launched the Windsor, an electric car that introduced battery as a service (BaaS).

Healthy growth outlook, market share gains positive for Marico

Healthy growth outlook, market share gains positive for Marico

Rediff.com8 Nov 2024

Marico may buck the industry trend with the fast-moving consumer goods (FMCG) major reporting strong growth and favourable commentary in a weak quarter for the industry. The company reported consolidated revenue growth of 8 per cent year-on-year (Y-o-Y) in Q2FY25. Domestic revenue growth was 8 per cent Y-o-Y with 5 per cent volume growth (4 per cent in Q1FY25).

'Would like to move on': Annapoorna Hotel on owner's video with FinMin

'Would like to move on': Annapoorna Hotel on owner's video with FinMin

Rediff.com15 Sep 2024

Sri Annapoorna Hotel on Saturday appealed to the people to put to rest unnecessary assumptions and political misunderstanding after a video of its owner apologising to Union Finance Minister Nirmala Sitharaman over his remarks on Goods and Services Tax (GST) went viral on September 13.

Not just China, all PLI-led visas being fast-tracked: Piyush Goyal

Not just China, all PLI-led visas being fast-tracked: Piyush Goyal

Rediff.com1 Jul 2024

The government is expediting visa-related issues to bring technicians to India from any country, not just China, as and when required, to ensure the smooth implementation of the flagship production-linked incentive (PLI) scheme aimed at boosting domestic manufacturing. "If those under the PLI scheme need to get their equipment installed, we try to expedite the ability to get technicians into India from any country, whichever it may be," Union Commerce and Industry Minister Piyush Goyal told Business Standard in an interview.

Post govt's move, onion prices drop in major cities

Post govt's move, onion prices drop in major cities

Rediff.com14 Sep 2024

The government's subsidised onion sale initiative, launched on September 5, has led to price drops in major cities within days, the consumer affairs ministry said on Saturday. In Delhi, retail onion price fell from Rs 60 to Rs 55 per kg, while Mumbai saw a decrease from Rs 61 to Rs 56 per kg. In Chennai, the retail price reduced from Rs 65 to Rs 58 per kg, the ministry said in a statement.

Swiggy: From a forgotten idea to Rs 1 trn mcap on listing

Swiggy: From a forgotten idea to Rs 1 trn mcap on listing

Rediff.com14 Nov 2024

Framing the next chapter in Swiggy's journey as a responsible corporate citizen, co-founder and chief executive officer (CEO) Sriharsha Majety unveiled the company's eagerly awaited public listing. Majety, who has largely shunned the spotlight, shared reflections on his entrepreneurial path and the strategic pivots he and his co-founders navigated in building Swiggy. "We started with code aggregation, then pivoted to logistics, and that became Swiggy.

Govt withdraws equalisation levy of 2%: FinMin

Govt withdraws equalisation levy of 2%: FinMin

Rediff.com23 Jul 2024

The government on Tuesday announced withdrawal of the 2 per cent equalisation levy or digital tax on overseas e-commerce supplies.

Uzbekistan: Land Of Arabian Nights

Uzbekistan: Land Of Arabian Nights

Rediff.com20 Dec 2024

Uzbekistan lives comfortably in several centuries but is also a forward-looking nation, Deepa Gahlot discovers on a visit to this Central Asian country.

India, China complete disengagement; exchange of sweets on Diwali

India, China complete disengagement; exchange of sweets on Diwali

Rediff.com30 Oct 2024

Following the disengagement, both sides will soon start the coordinated patrolling in their respective areas, sources added.

72% employers intend to hire freshers in second half of 2024: Report

72% employers intend to hire freshers in second half of 2024: Report

Rediff.com22 Aug 2024

Around 72 per cent of employers in India intend to hire freshers in the second half of 2024, according to a report released by TeamLease EdTeach on Wednesday. The report titled 'Career Outlook Report HY2 (July-December 2024), based on a survey of over 603 companies across India conducted between April and June 2024, indicated a positive trend in the job market for new graduates.

FMCG firms worry over high inflation; price hike likely

FMCG firms worry over high inflation; price hike likely

Rediff.com3 Nov 2024

Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the pace of urban consumption. Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike. HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption, which according to industry experts forms 65-68 per cent of FMCG total sales.

Donald Trump: From convicted felon to 2nd term Prez

Donald Trump: From convicted felon to 2nd term Prez

Rediff.com6 Nov 2024

From the time he left office after his loss in the 2020 presidential election to his nomination as the Republican candidate in the 2024 race, Trump continued to dominate the American news cycle and the country's psyche.

Amazon India Head Quits

Amazon India Head Quits

Rediff.com7 Aug 2024

Manish Tiwary plans to take up a new role at another firm.

PC makers look to hitch a ride on the q-com bandwagon

PC makers look to hitch a ride on the q-com bandwagon

Rediff.com7 Oct 2024

Bengaluru-based Sunny Gupta had been searching for a laptop for months. In August, while sitting at a coffee shop, he decided to order an Acer Predator laptop - typically priced between Rs 95,000 and Rs 2.5 lakh - through the quick-commerce (q-com) platform Flipkart Minutes. "It took exactly 13 minutes from payment to receiving it at the Starbucks I ordered it to," he wrote in a now-viral post on social media platform X.

Smartphones Not Diamonds Drive India's Exports To US

Smartphones Not Diamonds Drive India's Exports To US

Rediff.com14 Oct 2024

In the June quarter of 2024-2025, smartphone exports hit $2 billion, well ahead of non-industrial diamond exports, which stood at $1.44 billion.

Govt removes minimum export price on onion

Govt removes minimum export price on onion

Rediff.com13 Sep 2024

The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers. The government had previously fixed a $550 per tonne as the minimum export price (MEP), which essentially meant farmers could not sell their produce overseas at lower than this rate.

Govt plans SPV for aircraft manufacturing in India

Govt plans SPV for aircraft manufacturing in India

Rediff.com4 Sep 2024

The government will set up a special purpose vehicle to push ahead with plans to start manufacturing commercial aircraft in India, Civil Aviation Minister K Rammohan Naidu said on Wednesday as he highlighted the potential of the country's fast-growing aviation sector. The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar Bharat initiative for self-reliance.

In export push, govt steps in to raise container capacity

In export push, govt steps in to raise container capacity

Rediff.com27 Sep 2024

Concerned over the fallout of the Red Sea crisis and severe shortage of containers against the backdrop of a steep decline in merchandise exports in August, the Union government is pulling out all the stops to find a solution. To begin with, the government has devised a strategy aimed at boosting container supply and supporting exporters.

'PLI Has Been A Big Boost To Manufacturing'

'PLI Has Been A Big Boost To Manufacturing'

Rediff.com26 Sep 2024

'We can hope to see a lot of creation of jobs in the days to come.'

Kangana wants to bring back repealed farm laws, Cong says...

Kangana wants to bring back repealed farm laws, Cong says...

Rediff.com24 Sep 2024

The Congress shared on X an undated video of Ranaut in which she is purportedly saying in Hindi, "Farm laws that have been repealed should be brought back. I think this may get controversial. The laws in farmers' interest be brought back. Farmers should themselves demand this (to bring farm laws back) so that there is no hindrance to their prosperity.

Govt to undertake comprehensive review of Income Tax Act: FM

Govt to undertake comprehensive review of Income Tax Act: FM

Rediff.com23 Jul 2024

The government on Tuesday announced that it will undertake a comprehensive review of the Income Tax Act to make it easy to read. Presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman also said the government will come out with SoP (standard operating procedure) for TDS defaults and simplify and rationalise compounding of such offences.

China has violated border pacts with India, says Jaishankar

China has violated border pacts with India, says Jaishankar

Rediff.com2 Oct 2024

China has violated border agreements, External Affairs Minister S Jaishankar said on Tuesday, noting that continued tension will cast a natural shadow over the rest of this relationship.

India cuts arbitration time for foreign investors in UAE pact

India cuts arbitration time for foreign investors in UAE pact

Rediff.com8 Oct 2024

India has reduced the time period for foreign investors to seek international arbitration from five years to three years as part of the recently signed investment pact with the United Arab Emirates (UAE), a departure from its model Bilateral Investment Treaty (BIT). Under the Investor-State Dispute Settlement (ISDS) mechanism, if the Indian judicial system is unable to resolve a dispute within this shortened period, investors can resort to international arbitration. The investment pact, signed on February 13 in Abu Dhabi, came into force on August 31, replacing the previous pact.

TaMo looks to ace last-mile delivery with sub-600 kg SCV

TaMo looks to ace last-mile delivery with sub-600 kg SCV

Rediff.com7 Aug 2024

Tata Motors, India's largest commercial vehicle manufacturer, is looking to launch a first-of-its-kind sub-600 kg small commercial vehicle, aiming to cater to the growing demand for efficient last-mile delivery solutions, an area currently witnessing a surge in interest from e-commerce giants. This new entrant is set to be positioned just below the marquee Tata Ace, which is popular across the country as "Chota Haathi".

Wholesale inflation falls to 3-month low of 2.04% in July

Wholesale inflation falls to 3-month low of 2.04% in July

Rediff.com14 Aug 2024

Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released on Wednesday showed. The decline in wholesale price index (WPI) based inflation in July came after it rose for four months in a row till June, when it was 3.36 per cent. It was (-) 1.23 per cent in July last year. In April wholesale inflation stood at 1.19 per cent.

Amazon Pay UPI surpasses 100 million customers, marking a major milestone

Amazon Pay UPI surpasses 100 million customers, marking a major milestone

Rediff.com27 Aug 2024

Amazon Pay UPI has crossed 100 million customers, with the online platform used mainly for e-commerce transactions, utility bill payments and mobile recharges, the company announced on Monday.

Will rebels upset Mahayuti, MVA poll plans in Maha?

Will rebels upset Mahayuti, MVA poll plans in Maha?

Rediff.com29 Oct 2024

Among the BJP rebels, a notable figure is Gopal Shetty, a two-time MLA and former Lok Sabha member from Mumbai. He has filed his nomination as an independent candidate against the party's official nominee, Sanjay Upadhyay, in Mumbai's Borivali assembly constituency.

Paralympics: Kathuniya bags silver in men's discus throw

Paralympics: Kathuniya bags silver in men's discus throw

Rediff.com2 Sep 2024

The F-56 is a seating field event class for differently-abled athletes.

America mourns: 'Ratan Tata drove India to prosperity'

America mourns: 'Ratan Tata drove India to prosperity'

Rediff.com10 Oct 2024

The US on Wednesday mourned the death of veteran industrialist and philanthropist Ratan Naval Tata, remembering him as someone who drove India to greater prosperity and development. Tata, the former Tata Group chairman who transformed a staid group into India's largest and most influential conglomerate, breathed his last at south Mumbai's Breach Candy Hospital at 11.30 pm on Wednesday. He was 86. "My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing modern business leadership in India.

Pompeii: How Life Changed In A Day

Pompeii: How Life Changed In A Day

Rediff.com26 Sep 2024

'They were ahead of their times. We don't expect this from a civilisation of the first century AD.'

With Paytm deal, Zomato spices up growth menu

With Paytm deal, Zomato spices up growth menu

Rediff.com31 Aug 2024

Food delivery platform Zomato has laid the foundation for its third vertical of growth by agreeing to acquire Paytm's entertainment and ticketing business, said analysts on Thursday (August 22). Zomato, which also runs a quick commerce business called Blinkit, will strengthen its 'going out' offering but the acquisition may take time to yield results, they said. "Paytm's entertainment and ticketing arm will be part of Zomato's District app, which is due to be launched in the coming weeks.

J&K's 5.9 mn tonne lithium reserve to be re-explored after failed auction

J&K's 5.9 mn tonne lithium reserve to be re-explored after failed auction

Rediff.com18 Oct 2024

The Ministry of Mines has directed the Geological Survey of India (GSI) to conduct a re-exploration of the 5.9 million tonnes of lithium block in Jammu and Kashmir's (J&K's) Reasi district after repeated setbacks to put the reserve up for auction again in six months.

LIC earmarks Rs 600 crore for digital shift; to be 'paperless' in 2 years

LIC earmarks Rs 600 crore for digital shift; to be 'paperless' in 2 years

Rediff.com19 Sep 2024

State-run Life Insurance Corporation of India (LIC) has committed Rs 600 crore for its digital transformation journey, Sunder Krishnan, chief risk officer said on Wednesday. The insurance giant is also aiming to become completely "paperless" in two years. "We have hired a large system integrator for more than Rs 400 crore, a consultant for digital transformation for Rs 100 crore, and Rs 100 crore for agency transformation.

Swiggy refiles IPO papers; eyes Rs 3,750 cr via fresh issue

Swiggy refiles IPO papers; eyes Rs 3,750 cr via fresh issue

Rediff.com26 Sep 2024

Food and grocery delivery major Swiggy on Thursday filed its updated draft papers with capital markets regulator Sebi to raise funds through its much anticipated initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer-for-sale (OFS) of 18.52 crore equity shares by existing shareholders, according to the updated draft red herring prospectus (UDRHP). Market sources have pegged the company's IPO size at over Rs 10,000 crore.

India's exports marginally up; trade deficit narrows

India's exports marginally up; trade deficit narrows

Rediff.com16 Oct 2024

Snapping the two months slide, the country's merchandise exports rose marginally by 0.5 per cent to $34.58 billion in September while trade deficit narrowed to $20.78 billion. According to official data released on Wednesday, imports increased by 1.6 per cent to $55.36 billion in September compared to $54.49 billion in the year-ago period. The trade deficit, or the gap between imports and exports, was $20.8 billion during the same month last year.

Are you up to some mischief, Rahul asks PM on Kangana's remark

Are you up to some mischief, Rahul asks PM on Kangana's remark

Rediff.com25 Sep 2024

The actor-politician said she must remember that she is not only an artiste but also a BJP member now and her statements should be in line with her party's policies.