Apple unveiled four new iPhones equipped with technology for use with faster new 5G wireless networks. There’s the iPhone 12, with a 6.1-inch display, the same as the iPhone 11 but lighter and thinner, starts at almost USD 800 and the iPhone 12 Mini with a 5.4-inch display at almost … Read more
Category: Business and Finance
SIP inflows drop for 6th month in Sept; investors prefer to maintain liquidity
Investment in mutual funds through SIPs remained lacklustre with inflow dropping for the sixth-consecutive month to Rs 7,788 crore in September amid challenging economic environment. The trend is expected to reverse only slowly as investors feel more confident to save more once their own income stream stabilises, said Vidya Bala, … Read more
Facebook, Google, Amazon, LinkedIn could face domestic taxes
Global internet giants such as Google, Facebook, Amazon, LinkedIn and Netflix could face larger domestic tax liability in India after OECD (Organisation for Economic Co-operation and Development) postponed a common tax framework for global companies. This move will allow countries like India to go ahead with their own plan to … Read more
RBI to Move to Next Generation Treasury Application for Managing Forex, Gold Reserves
The Reserve Bank has decided to move to the Next Generation Treasury Application (NGTA) for managing the country’s foreign exchange and gold reserves. The NGTA, according to the RBI, would be a web-based application providing scalability, maneuverability and flexibility to introduce new products and securities, besides supporting multi-currency transactions and … Read more
Snapdeal on-boards over 5000 manufacturer-sellers in 9 months, exceeds target
Though it began on-boarding new manufacturers directly as sellers from January, majority of the sign-ups have taken place in the September quarter, the official said, thanks to the lockdowns and the resultant shift in consumer behaviour. It can be noted that every online seller/service provider has benefited from the lockdowns. … Read more
Airlines on verge of collapse, may shut if situation doesn’t improve: GoAir to SC
New Delhi: A day after aviation regulator, Directorate General of Civil Aviation (DGCA), informed the Supreme Court (SC) that passengers who booked tickets during lockdown were eligible for refunds, the government recommended that airlines pay 0.5% interest for delayed refunds. While both Vistara and AirAsia opposed the levy of interest … Read more
As Covid fuels personal vehicle use, petrol demand in September higher than 2019
India’s petrol consumption grew for the first time since February in September, with diesel demand also recovering month on month, according to data released by the government’s Petroleum Planning and Analysis Cell. The petrol consumption last month, at 2,450 thousand metric tonnes (TMT), was even higher than for the corresponding … Read more
We will connect over 50 lakh street food vendors for online delivery : Swiggy
To onboard street food vendors on its ecommerce platform, giving them online access to thousands of consumers and help these vendors grow their businesses, the Ministry of Housing & Urban Affairs (MoHUA) has entered into an MoU with Swiggy, the leading food ordering and delivery platform in India. This is … Read more
HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing
HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, Chief Executive Noel Quinn. The pledge is the strongest statement by Europe’s biggest bank on climate change … Read more
Business with turnover of over Rs 100 crore to generate e-invoice for B2B deals from Jan
E-invoicing uptake has seen immense progress with over 69.5 lakh Invoice Reference Number (IRN)s generated between October 1 and October 7, senior officials said. On the very first day of e-invoicing system, more than 8.40 lakh IRNs were generated by 8,453 users while on October 7, about 13.69 lakh IRNs … Read more