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Shanghai officials unveiled policies late on Thursday to cool the local market, including a measure designed to plug a loophole long exploited by buyers using fake divorces to become eligible to purchase more properties or obtain mortgages. As most Chinese cities limit demand by capping the number of properties a family can own, divorce becomes … Continue reading Why couples are faking divorces in China

Reliance Industries Limited (RIL) on Friday reported a 12.6 per cent rise in its consolidated net profit for the third quarter (Q3) ended December 2020 mainly on account of improving the oil-to-chemical business. RIL posted a net profit of Rs 13,101 cr in Q3 against Rs 11,640 cr posted in the same period last year. … Continue reading RIL Q3 net profit rises 12% to Rs 13,101 crore

India’s power demand hit a record at 185.82 GW (gigawatts) on Wednesday, rising 1.6% over the previous record of 182.89 GW on December 30 and marking 9% increase over the highest single-day supply of 170.97 GW in January 2020.

Wall Street greeted new US President Joe Biden by climbing even higher on Wednesday, closing at records amid promises of big economic stimulus and relief that the inauguration was uneventful.

Global consumer products giant Unilever has committed to ensure that everyone who directly provides goods and services to the company earns at least a living wage or income by 2030.

The benchmark BSE Sensex achieved a remarkable milestone on Thursday by breaching the 50,000-mark for the first time ever. The Covid-19 pandemic dragged the Sensex to record low in late March. However, it staged a recovery from the lows. Both the BSE and NSE indices finally wrapped up 2020 on a bullish note, with the … Continue reading Explained in 12 charts: How sensex breached 50k-mark

In a world where predicting even the short-term future is becoming difficult, organisations are rushing to management thinkers to understand how best they can cope with unforeseeable conditions— ‘the unknown unknowns’.

Google and a French publishers’ lobby said on Thursday they had agreed a copyright framework under which the US tech giant will pay news publishers for content online, in a first for Europe.

Domestic pharma retail market bounced back with a substantial growth of 8.4% yoy (year-on-year) in December, after a weak performance during the year, led by a higher number of prescriptions, OPD (outpatient department) visits, and increased marketing push by drug companies.

Hero Moto, the country’s top-wheeler maker, crossed a record 100-million units in production, and is lining up an aggressive launch plan of 50 new products and upgrades over the next five years, chairman Pawan Munjal said on Thursday as the company works to strengthen its premium portfolio with new partner Harley-Davidson.

India has simplified the process of getting new types of aircraft as it opens its skies to flying machines not seen here commonly earlier like seaplanes and four-seater planes.

The pandemic-driven lockdown has a surprise winner in household savings that have been falling steadily between 2014 and mid-2019 but have scooped up a hefty $200 billion in extra savings – which is a 20-year high, according to a foreign brokerage report.

Barring another wave of Covid-19 infections, the worst is over for India’s economy and policymakers may soon have more room to support a recovery, the central bank said in its January bulletin released on Thursday. The RBI slashed interest rates early last year to cushion the shock from the coronavirus crisis, but has left rates … Continue reading ‘India has seen the worst, barring more Covid waves’

The UAE-India corridor has emerged as the second busiest country pair this month, with Mexico-US the biggest in terms of seats deployed by airlines flying between two countries, according to UK-based air consultancy firm OAG.

Members of a parliamentary panel on Thursday flagged the issue of proposed changes in the privacy policy of WhatsApp and highlighted concerns of Indian citizens, sources said.

Facing the heat from the Indian government which asked it to withdraw a controversial privacy update over data-sharing plans with Facebook, instant messenger WhatsApp reiterated once again that personal messages remain completely encrypted and the proposal is aimed only at making business messaging effective.

Restaurant aggregator Swiggy has stopped its online marketplace for groceries, a service which had picked up steam during the lockdown. ​​​While it still offers its ‘Genie’ service for pickand-drop and other marketplaces on its app, the company plans to replace the grocery marketplace with ‘Instamart’, a quick grocery delivery initiative that will be serviced by … Continue reading Swiggy stops online grocery marketplace

The pandemic has caused major change of priorities for urban Indians as far as their savings are concerned. People are saving less for marriages, kids’ education or for small luxuries like cars and vacations. They are setting aside more for retirement, health and untimely death of the breadwinner.