Breaking news, views, reviews, cricket from across India

Sharing is caring!

  • RBI updates KYC Norms for financial entities, banks
    on April 21, 2018 at 5:26 am

    MUMBAI: The Reserve Bank of India (RBI) has updated the know your customer (KYC) norms for banks and financial entities it regulates for the first time since February 2016 reiterating that no account is opened in an anonymous or fictitious name."Regulated entities (REs) have to ensure that no account is opened where the RE is unable to apply appropriate customer due diligence (CDD) measures, either due to non-cooperation of the customer or non-reliability of the documents/information furnished […]

  • Dalal St. week ahead: Nifty to consolidate more in expiry week
    on April 21, 2018 at 5:21 am

    In our previous weekly note, we had mentioned about the possibilities of the market consolidating and at the same time showing resilience compared with its global peers.While trading on expected lines, what the market put on display all through the week was classic consolidation. The market remained volatile, but remained within a capped range and kept recovering from the lows, showing resilience which demonstrated continuing buoyant undercurrent.The Nifty50 ended the week with net weekly gains […]

  • After Cambridge Analytica controversy, MyGov seeks data from ministries for key schemes
    on April 21, 2018 at 3:41 am

    NEW DELHI: Rattled by Cambridge Analytica controversy, eyes are now on information collected through government’s biggest official digital platform MyGov, which has recently decided to scale up both the quality and quantity of its audience reach.In this context, MyGov has written to ministries seeking data of beneficiaries from flagship schemes to formulate a focused narrative.Labelled as MyGov 2.0, the project is a refurbished hi-tech attempt to “engage with” 50 crore Indians […]

  • Walmart could seal the biggest deal in Indian e-commerce as early as next week
    on April 21, 2018 at 3:21 am

    MUMBAI: Walmart Inc could seal a deal to buy a more than 51% stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday. The US retail giant has been in talks with Flipkart for months to acquire controlling stake as it looks to take on rival Amazon.com Inc head-on in India, a market where ecommerce is tipped to grow to $200 billion in a decade.SoftBank Group, which owns about a fifth of Flipkart through its Vision Fund, was unwilling […]

  • Meet Lei Jun, the Chinese billionaire who wants to give TV makers in India a hard time
    on April 21, 2018 at 3:19 am

    Xiaomi expects to disrupt India’s TV industry the way Reliance Jio disrupted the telecom space, the company’s founder Lei Jun said. Speaking to ET, Jun said that Indian consumers should get 32-inch TVs for as low as Rs. 10,000 but for that to happen, the government needs to lower taxes, a suggestion he would like to give to PM Narendra Modi if he gets a chance to meet him. Xiaomi is looking to also make its TVs in India sometime in 2018, and will look to set up factories for the […]

  • The ifs and buts behind the motion to impeach Chief Justice of India
    on April 21, 2018 at 2:55 am

    63853198 63846120 NEW DELHI: Legal experts said that except the Judges’ Inquiry Act, 1968, there’s little to go by way of conventions or practices as this is the first time a sitting Chief Justice of India was facing an impeachment motion.The Opposition Congress may have been able to garner the support of 71 MPs from seven parties to back its impeachment motion against CJI Dipak Misra, but whether or not it will cross the threshold remains to be seen.Under the Act, the […]

  • Mobile handset makers lay off sales staff to save costs
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • Mobile handset makers lay off sales staff to save costs
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • Purchase genuine medicines online as new ePharmacy draft moots single registry
    on April 21, 2018 at 2:14 am

    NEW DELHI: India is a step closer to putting in place laws to ensure that patients are able to purchase genuine medicines from authentic online pharmacies, with a new draft of rules circulated among states for their opinion within two weeks, ET has learnt. The much awaited draft for e-pharmacies eases conditions that would have made it difficult for them to operate in this space, but also keeps enforceable penal provisions in case of any violations, according to persons aware of the latest […]

  • Analysts see retail strength, but no synergy in P&G-Merck deal
    on April 21, 2018 at 2:02 am

    MUMBAI: While Procter & Gamble’s global deal with Merck could add heft to retail shelves in India — especially at pharmacies — and strengthen product innovation, analysts and industry observers expect little synergy between the duo’s operations or brands here. P&G will get nearly 52% for Rs 1,300 crore in India-listed drug firm Merck as part of the global deal after its parent bought Merck KGaA’s consumer health unit for $4.2 billion.P&G will make a […]

  • Govt amends PMLA rules to extend Aadhaar linking date for all financial accounts till after SC order
    on April 1, 2018 at 7:35 am

    The finance ministry has amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, via a issued notification yesterday, extending the date for submitting Aadhaar by existing account holders to financial entities till a date to be notified after the final judgement in the petition challenging Aadhaar pending before the Supreme Court. This follows the interim order, dated 13th March, 2018 of the SC in the Aadhaar case, which extended the last date for linking Aadhaar with […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]

(Visited 9 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *