A mask displaying the brand name of the company has become part of the dress code at some workplaces. On-field staff of quick-witted marketers are sporting masks embossed with their brands. At times, the masks also prominently display the catchphrase associated with the brand. The strategy is attracting eyeballs and generating interest of passersby in … Continue reading Companies brand their employees’ masks
Top level exits at Cognizant is no longer news. But this one will surprise many. Cognizant India chairman & MD Ramkumar Ramamoorthy resigned on Thursday, less than a year into this role.
The 59 Chinese apps ordered blocked by India have been served with an exhaustive list of questions to which they need to respond within three weeks. The questions are understood to have been served to firms such as TikTok, Helo, and Xiaomi. The questionnaire seeks details about “unauthorised data access” by firms to weak security … Continue reading Govt asks 59 Chinese apps to answer 70 questions
With the Coronavirus pandemic causing massive disruption and losses across sectors, insurance regulator Irdai is looking at forming a “pandemic risk pool.”
E-commerce companies have not just recovered, but surpassed pre-Covid-level sales as more people shop online due to the pandemic. The daily shipment volumes are back at over 3 million per day with visible signs of demand holding firm over few months, with people continuing to limit their visits to physical stores, as per over half … Continue reading E-comm firms’ sales surge past pre-Covid levels
Prime Minister Narendra Modi on Friday inaugurated the 750 MW (megawatt) solar project set up at Madhya Pradesh’s Rewa via video-conferencing. The project comprises three solar generating units — 250 MW each — located on a 500-hectare plot inside a solar park.
India has emerged as the most attractive global market for clean energy, PM Modi said on Friday. Launching a 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in the country. The Rewa solar power plant will … Continue reading India most attractive market for clean energy: PM
As India moves to tighten policies on its citizens’ data held and processed by companies such as Facebook, Google and Amazon, it set up the panel last year to make recommendations on the regulation of “non-personal data”. The panel has suggested that India should set up a data regulator and require companies to disclose how … Continue reading ‘Panel proposes new regulator for non-personal data’
Tata Motors on Friday reported a 64 per cent decline in group global wholesales, including that of Jaguar Land Rover (JLR) to 91,594 in June quarter of the current financial year over year-ago. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q1FY21 were at 11,598 units, lower by 89 per … Continue reading Tata Motors reports 64% decline in group wholesales
The country’s foreign exchange reserves surged by a massive $6.47 billion to touch an all-time high of $513.25 billion in the week ended July 3, the latest data from the Reserve Bank of India (RBI) showed. In the previous week ended Jun 26, the reserves had increased by $1.27 billion to $506.84 billion, the RBI … Continue reading Forex reserves hit fresh all-time high at $513bn
The Supreme Court on Friday decided to use technology more in judicial proceedings keeping in mind the prevailing COVID-19 situation and directed that now court summons and notices can be served on persons through “emails, fax and instant messaging applications” like ‘WhatsApp’.
China’s central bank has sold at least some of its stake in HDFC, according to shareholder details filed with the exchanges. The People’s Bank of China (PBOC) has dropped off the list of investors holding at least a 1% stake in the company as of end-June. The PBOC held about 17.5 million shares, accounting for … Continue reading People’s Bank of China cuts stake in HDFC
A top IMF (International Monetary Fund) official has said that there is room for more fiscal support in India in the near term, particularly for vulnerable households and SMEs, given the severity of the country’s economic situation due to the COVID-19 pandemic.
The country’s economy, which witnessed a disruption due to the coronavirus outbreak, has started recovering from June, State Bank of India’s chairman Rajnish Kumar said on Friday.
Foxconn plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions … Continue reading ‘Apple supplier Foxconn to invest $1bn in India’
Pitching for more fiscal support to revive the economy, Hero Enterprises chairman Sunil Kant Munjal on Friday said the overall recovery in the economy may take 2-3 years even as some sectors could see a quicker recovery.
The government has held back the release of complete industrial production data for the second straight month in May in view of the impact of the coronavirus-induced lockdown. The ministry of statistics and programme implementation on Friday released quick estimates of the IIP which showed the index value at 88.4 in May against 53.6 in … Continue reading Govt holds back factory output data for 2nd month
Physical gold sold at a premium in India this week for the first time this year, driven by plunging imports and a near halt in smuggling that offset the impact of high unemployment and a rise in domestic prices across Asia that could deter buyers.
Amazon.com Inc has requested employees remove the TikTok video sharing app from their mobile devices by July 10 over “security risks,” according to a memo to employees seen by Reuters.
Multiple goods and services tax (GST) rates have now become a bone of contention between hand sanitiser manufacturers and the government. Last month, the Central Economic Intelligence Bureau alerted GST authorities about manufacturers of alcohol-based hand sanitisers paying 12% GST by “wrongly classifying” them as “medicaments”, which attract an 18% levy.
TikTok is under investigation for allegedly violating a settlement reached with US authorities last year that resolved charges the popular app broke rules governing how children’s personal information is treated online.
United Airlines is warning 36,000 employees — nearly half its US staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry.
Equity indices edged higher on Thursday, helped by gains in metal and financial stocks and as focused shifted to the start of corporate earnings. The NSE Nifty index rose 0.43% to 10,756.40, while the benchmark BSE sensex was up 0.53% at 36,519.94.
US electric vehicle maker Tesla Inc is “very close” to achieving level 5 autonomous driving technology, chief executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input. Automakers and tech companies including Alphabet Inc Waymo and Uber Technologies are investing billions in the autonomous driving industry.
A group of 58 Indian-origin executives heading various companies across 11 different countries, including the US, Canada and Singapore, collectively employ more than 3.6 million people and account for a combined $1 trillion in revenue, $4 trillion in market capitalisation, according to a list released by a US-based top Indian diaspora organisation.
In a major development, Prime Minister Narendra Modi on Thursday addressed a large gathering at the India Global Week 2020 via video conferencing. The forum focused on India’s trade and foreign investment prospects.
Equity indices finished on a higher note on Thursday with the benchmark BSE sensex rising over 400 points led by gains in financial and metal stocks ahead of the start of corporate earnings season. The 30-share BSE index surged 409 points or 1.12 per cent to close at 36,738; while, the broader NSE Nifty finished … Continue reading Sensex rises 409 points to close at 36,738
The Code on Wages, 2019, the first law under labour reforms, is likely to be implemented by September as the ministry of labour and employment has put draft rules of the law in public domain for feedback, a senior official said. Parliament in August last year approved the code to enable introduction of a minimum … Continue reading Code on wages likely to be implemented by Sept
In a relief for Indians who need to return to UAE, India and UAE have allowed their airlines to carry people authorised to travel between the two countries. Air India on Thursday said: “ICA approved UAE residents (returning to UAE from India)” can travel on Vande Bharat Mission flights operated by it and AI Express … Continue reading ‘Eligible Indians to return to UAE from July 12′