US report says Snapdeal is ‘notorious market’

US report says Snapdeal is ‘notorious market’

One of India’s biggest e-commerce platforms – Snapdeal, along with four other Indian shopping complexes has featured in the 2020 ‘Review of Notorious Markets for Counterfeiting and Piracy’ issued by the Office of US Trade Representative. Snapdeal, according to the report, has recorded an increase in the volume of counterfeit products. “According to a November […]

LIC defers premium payment date

LIC defers premium payment date

The Life Insurance Corporation of India (LIC) has recently extended the deadline of payment of insurance premium of its policyholders to April 15, 2020. In order to help policyholders pay their insurance premium within the stipulated time, the LIC has urged them to make their payments online by going to the official website of LIC. […]

Factory production was up in December, but business isn’t exactly smiling

Factory production was up in December, but business isn’t exactly smiling

India’s factory activity expanded at its fastest pace in seven months in December as a jump in new orders prompted companies to ramp up production, a private business survey showed, says a Reuter’s report from Bangalore. But, while policy makers may be smiling, the business sector is still very low on optimism, the report adds. […]

In January, some e-shoppers will be smiling!

In January, some e-shoppers will be smiling!

No MDR charges are applicable on transactions through  RuPay and UPI platforms since January 1, 2020. This was  to promote digital payments, Finance Minister Nirmala Sitharaman  said. The Department of Revenue (DoR) has notified RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR). Accordingly, all companies […]

Business need to pay for Aadhaar Services

Business need to pay for Aadhaar Services

Business organisations using Aadhaar services will now have to pay ₹20 for each customer verification and 50 paise for authentication of each transaction carried out by the entities, the Unique Identification Authority of India (UIDAI) said on Thursday. “Aadhaar authentication services shall be charged at the rate of ₹20 (including taxes) for each e-KYC transaction […]

Amazon’s amazing seller base success

Amazon’s amazing seller base success

New Delhi, Feb 18: E-commerce major Amazon.in today said it has crossed the 3-lakh seller base in less than five years of the company s operations in India. Of this, one lakh new merchants were on-boarded in seven months. Amazon, which is locked in an intense battle with homegrown rival Flipkart, has been aggressively ramping […]

Can US make ‘anti-dumping’ probe vs India stick ?

Can US make ‘anti-dumping’ probe vs India stick ?

New Delhi, Oct 20  The United Stares has initiated an ‘anti-dumping duty investigation’ against import of polytetrafluoroethylene (PTFE) resin (that’s the stuff that coats ‘non-stick’ pots and pans) from India and China, according to the US Department of Commerce. The probe is being started to determine whether imports of PTFE resin from China and India […]

Diwali spending is sown by 40 percent, claim traders

Diwali spending is sown by 40 percent, claim traders

The patchy and haphazard roll out of GST has affected India has resulted in traders complaining of a 40% drop in Diwali spending by customers! Of course these brick-and-mortar store owners also whined that e-portals were drawing away their business with ‘unseemly’ discounts! A nationwide traders’ association on Monday claimed a 40 per cent drop […]

Britain’s youngest millionaire’s an Asian!

Britain’s youngest millionaire’s an Asian!

London: A teen tycoon nicknamed ‘Alan Sugar’ reckons he is Britain’s youngest business millionaire – after selling houses during his school lunch breaks. While other youngsters were kicking a ball around the playground, Akshay Ruparelia, 19, was quietly negotiating huge property deals on his mobile. He hired a call centre service to answer his company switchboard […]

Goa meat traders challenge cattle ban

Goa meat traders challenge cattle ban

The Bombay High Court has  issued notice to the central and the Goa governments over a petition filed by meat traders challenging the newly-introduced restrictions on cattle trade. Quraishi’s Meat Traders’ Association of Goa challenged in the Goa bench of the high court the Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2017, […]

Washing machines : Currying favour ?

Washing machines : Currying favour ?

If you say that your washing machine doesn’t get that ‘masala’ stain off your naughty kid’s shirt, your worries will apparently disappear if you buy one with a ‘curry’ button. (A washing machine with the button, not a shirt!) A washing machine has been launched for the Indian market, with a special mode to tackle […]

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