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 […]
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. […]
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. […]
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 […]
New Delhi: The economic slowdown may have dropped the sales graphs of cars and biscuits, but 2019 was a healthy year for smartphones. While biscuit companies saw rural sales dropping off, and auto sales spun into low gear, smartphones were flying off the shelves! Urban and rural users continued to buy, and even upgrade to […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
