Indian industry snubbed Google Play's decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its "abrasive & monopolistic abuse" as it owns the Android system. Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue.
Moody's on Thursday raised India's GDP forecast for the calendar year 2020 upwards to -8.9 per cent contraction from -9.6 per cent contraction forecast earlier. Similarly, India's GDP forecast for the calendar year 2021 has been revised upwards to 8.6 per cent from 8.1 per cent projected earlier. The report released by Moody's Investors Service attributed the reason behind better growth to the falling of coronavirus cases in the country.
The stock, which is a play on the growth story of Indian Railways, has corrected 15 per cent from its 52-week high level of Rs 2,072.95 scaled on March 9. Yet, this has not deterred brokerages from holding a bullish view on the stock.
Venkateswarlu, in the video, hoped his elder brother and sister-in-law would look after his son. He wanted his wife to re-marry and live a happy life.
SPG chief and quota agitation leader Lalji Patel has been arrested by Mehsana police in connection with the "jail bharo" agitation which had turned violent on April 17.
Chief Justice of India S A Bobde on Thursday said that nothing is conferred as right of freedom of speech in 'absolute and untrammelled terms' and the framers of the Constitution have struck a resilient balance between liberty and the rights and conditions on which the states can deny it.
For the first time, the value of card and mobile payments of Rs 10.57 trillion was more than ATM withdrawals of Rs 9.12 trillion in Q4 of fiscal 2019-20. In the months of lockdown, the gap may have widened further, but cash could be back in vogue when the situation normalises.
'Spends are likely to increase from the current levels because recovery is yet to fully be over.'
Bharti Airtel's total revenue for the December 2018 quarter stood at Rs 20,519 crore, just one per cent higher than the Rs 20,319 crore in the corresponding period of the previous year.
Rather than talking endlessly about lost and marginal opportunities, India's climate envoys need to start thinking bigger, says Mihir S Sharma.
Among the key concerns of the Street is market share losses in growth segments, led by higher competitive pressures.
E-commerce companies have understood the importance of having their own in-house wallet, explaining their acquisition spree, says Manoranjan Mohapatra.
During the ancient Olympic Games, athletes who emerged victorious were awarded 'Kotinos' or olive wreaths
After years of disappointing growth, the economy and the markets are poised for a breakout, notes Akash Prakash.
For many the resumption of trains is a big boon, but some say it doesn't come without confusion and worries
One meal at a time, Vision Rescue's Biju Thampy hopes to turn around the destiny of street kids in Mumbai, Chennai and Kolkata.
Earlier, a youth injured during clashes last week succumbed at a hospital in Srinagar on Monday morning.
Chelsea celebrated their title and captain John Terry's last game at Stamford Bridge with a 5-1 defeat of relegated Sunderland on Sunday , bringing their season's Premier League win tally to a record 30 games.
OnePlus announces plans to make in India
Everyday consumerables, such as grocery and order-in food items are the key buyout sector, analysts say, and a major reason for kirana stores' digitisation push.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
After the government backtracked on its plan to impose Customs duty on pricier components, Samsung has decided to begin production of key mobile parts in Noida from April.
'All three players in the market are haemorrhaging cash. Average consumer is consuming 12 gigabits (GB) at price points you don't see anywhere else.'
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
As metros are more or less saturated, telcos may be forced to look at smaller cities for growth.
India and Italy inked 15 pacts and finalised an ambitious action plan to further expand their ties following a virtual summit between Prime Minister Narendra Modi and his Italian counterpart Giuseppe Conte that primarily focused on ramping up economic engagement.
VIL, in which Vodafone holds 45.39 per cent stake, is staring at unpaid statutory dues of Rs 53,038 crore, including Rs 24,729 crore of spectrum dues and Rs 28,309 crore in licence fee, and has already warned of shutdown if no relief is given.
The number of participating automakers has fallen from 50 in 2018 to 30 this year. The count of exhibitors, including technology companies, has come down from 119 to 112. And showstopper luxury and supercar brands, including Toyota, Jeep, Lamborghini, Porsche, and Volvo will be missing. Similarly, the commercial vehicle makers also gave the show a miss -- a prolonged economic slowdown has dented their fortunes and near chances of any recovery.
For Q4CY20, PC shipments grew by 27 per cent year-on-year, said data from the IDC.
Rohit Gawli, CEO, Lokal Kitchen, a food-tech company, tells you how to start a business from the comfort of your home.
'Politics is turning into gift politics. You are distributing computers, mobiles, tablets while not focusing on production that could provide jobs so that people can sustain themselves... This way you will create a class which is dependent on the State and that will keep growing.' Badri Narayan, one of India's leading out-of-the-box thinkers, in a hard-hitting interview.
'I have always believed that life doesn't get easier or more forgiving; we only get stronger and more resilient.'
Sluggish economy, high bullion prices and consumer shift towards cheaper gifting options such as electronic goods and mobiles have taken the sheen off gold
The Bengaluru-based firm competes with US rival Uber whose lukewarm IPO last year has contributed to the lag in valuation trend among the unicorns across the Indian start-up ecosystem.
Not surprisingly, equity investors are bidding-up stock prices across sectors and the broader market is now more valuable than pre-Covid levels.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
Sporadic incidents of violence were reported from various places that went to polls on Saturday during the first phase of the West Bengal assembly election, even as the overall poll situation was largely peaceful with 79.79 per cent turnout recorded till the end of voting, an official said.
An article in China's Global Times warned Beijing that China needs to worry about the effect of industrial transfer to India on production chain
"Emerging fields, including artificial intelligence, machine learning, Internet of things, blockchain, and big data can take India to new heights of development, and improve the quality of life of its citizens," he said, adding for India, this is not just an industrial transformation, but a social transformation.
