August 26, 2020 03:30 PM IST'India risks decade of stagnation in income, quality of life if GDP doesn't grow over 8% annually'
According to the report by McKinsey Global Institute (MGI), the country will have to undertake a slew of reform measures over the next 12-18 months with the aim of increasing productivity and creating jobs.
August 26, 2020 03:22 PM ISTHow TikTok's talks with Microsoft turned into a soap opera
Pushed by President Donald Trump, who has ordered TikTok’s US operations to be sold or to cease operating, ByteDance is now discussing selling parts of TikTok’s global operations to several potential bidders.
August 26, 2020 03:13 PM ISTAlibaba arm Ant Group highlights 'significant influence' over Paytm, investments in Zomato, in IPO prospectus
Paytm founder and CEO Vijay Shekhar Sharma has been criticised as its major investors are Chinese, but the startup has maintained it is an Indian company
August 26, 2020 02:59 PM ISTRBI prescribes a set of reforms for economic revival post COVID-19: Report
These measures include targeted sops for employment generation, concrete plan to rein in fiscal deficit, and selling assets to improve liquidity
August 26, 2020 02:41 PM ISTPrice cap, concentration on metros dash hospital chains’ revenue recovery hopes from COVID-19 treatment
With cases in metros coming down, large hospitals with less than 50% occupancy want to reallocate COVID beds to non-COVID patients. But regulations prevent them from doing so. Hospitals complain rates fixed by the govt are very low and do not even cover the cost of treatment.
August 26, 2020 02:26 PM ISTRBI rejects resolution plan to sell Aircel's assets to UVARC: Report
The RBI said the Aircel resolution plan did not conform to the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act, 2002
August 26, 2020 02:20 PM ISTHow the UK restarted its restaurant industry: Paying half the bill
For the month of August, the government has been paying for a 50% discount on all meals eaten in restaurants, pubs or cafes, up to 10 pounds ($13) per person, on Mondays, Tuesdays and Wednesdays. It’s a discount that Britons have taken up with relish
Honda drives in new Jazz; prices start at Rs 7.5 lakh
The new version comes with refreshed looks, premium styling, a new flagship ZX trim along with other features, the Japanese automaker said in a statement.
August 26, 2020 02:15 PM ISTUber launches auto rentals in India
Prices start at Rs 169 for a one-hour/ ten km package with the option of selecting from multiple hourly packages that can be booked up to a maximum of eight hours, the statement said.
August 26, 2020 01:33 PM ISTStarting an airline during COVID-19 may sound like a bad idea. But for Flybig, it's a perfect flightplan
Flybig, founded by aviation entrepreneur Sanjay Mandavia, plans to start operations in October
August 26, 2020 01:09 PM ISTPet insurance in India: Bajaj Allianz General launches policy for pet dogs
The premium for Bajaj Allianz General's pet dog insurance policy starts from Rs 315 per annum (small dog, 3 months to 2 years of age) and there is a 5 percent discount in case the dog is RFID tagged.
August 26, 2020 01:00 PM ISTShoppers Stop in process of evaluating suitable candidate for MD & CEO
Last month, Shoppers Stop had said its MD & CEO Rajiv Suri had resigned citing personal reasons.
August 26, 2020 12:58 PM ISTRajiv Bajaj says two-wheeler prices could drop by up to Rs 10,000 if GST rate cut to 18%
Rajiv Bajaj pointed out that two-wheeler prices have risen nearly 35 percent and a cut in GST rate to 18 percent could make them cheaper and more affordable for customers.
August 26, 2020 12:56 PM ISTShareChat, Moj ink music licensing deal with T-Series
The collaboration would provide for an enhanced experience on ShareChat and its short video platform, Moj, a statement said.
August 26, 2020 12:36 PM ISTFacebook: Friend or foe to India's democracy?
The social media platform's role is under scrutiny after it reportedly refused to enforce community guidelines for a BJP leader's hate speech post. Its journey in India has been fraught with similar issues over the years
August 26, 2020 12:15 PM ISTTRAI issues show-cause notice to Vodafone Idea on priority plan, says offer misleading
In a notice seen by PTI, the regulator has asked Vodafone Idea to "show cause" by August 31, "as to why appropriate action should not be initiated against it for violating the extant regulatory framework by its RedX tariff plan".
August 26, 2020 11:22 AM ISTHow kirana shops are driving the cashless revolution in India
It’s a win-win situation. Customers are keen on contactless transactions for the sake of safety and local grocers are now accepting digital payments for the same reason. And that has taken the volume and value of digital transactions to new highs during the lockdown.
August 26, 2020 11:04 AM ISTIn South India, Amazon builds its largest office yet
With plans to cement its place as the center of gravity around which online retail revolves, Amazon has turned to India, the world’s fastest-growing market for internet users
August 26, 2020 10:51 AM ISTArindam Chaudhuri: Maverick management guru, whimsical or just a good publicist?
Arindam Chaudhuri: Maverick management guru, whimsical or just a good publicist? His institute, IIPM, asked students to ‘think beyond IIMs’, and he was widely accepted as a management genius. He hobnobbed with politicians and Bollywood stars, charged $50,000 for motivational speeches, and produced films. Enemies and legal cases were many. The brush with tax authorities has now landed him in judicial custody.
Bharti Airtel’s Sunil Mittal Hints At A Tariff Hike
Allcargo Logistics To Consider Delisting Proposal
Adani Group In Talks To Buy Out GVK, Minority Partners In Mumbai Airport
ICICI Bank Deploys Satellite Data To Assess Agri Loans For Farmers
Axis Bank-Max Life Joint Venture Deal Revised
Telecom Firms Seek Service Tax Waiver On AGR Dues
August 26, 2020 10:46 AM ISTNot in talks with UK government on funding for Jaguar Land Rover: N Chandrasekaran
Jaguar Land Rover is struggling to keep going. The company recorded a GBP 469 million net loss in FY20, which was preceded by a massive GBP 3.32 billion net loss in FY19. For the June quarter the loss after tax was GBP 648 million, widening 61 percent from a loss after tax of GBP 402 million recorded in the same quarter last year.
August 26, 2020 10:42 AM ISTSC hearing on loan moratorium Highlights | SC seeks Centre's response on interest waiver; adjourns hearing to Sep 1
Supreme court hearing on plea seeking interest waiver on six-month loan moratorium announced by RBI to begin shortly
August 26, 2020 10:38 AM ISTIndia can use Aadhaar model to vaccinate 3-5 million people daily: Nandan Nilekani
Nilekani is also confident that a couple of COVID-19 vaccines will be in the market by January 2021.
August 26, 2020 10:12 AM ISTBata plans to add 100 stores in FY'21 amid COVID-19 outbreak
The shoemaker, which currently has around 1,500 stores across India, plans to add 500 outlets by 2023 to strengthen its network in semi-urban and rural markets, he said.
August 26, 2020 09:33 AM ISTGoogle tax accounts for only 1% of direct tax collection in major cities: Report
Total nationwide Google tax collection up to August 20 was Rs 396 crore against Rs 407 crore raked in the previous
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