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microsoft-tiktok
Microsoft In Talks To Acquire TikTok's US Operation

Washington: Technology giant Microsoft is in advance talks to acquire TikTok’s US operations, according to a media report Friday, even as President Donald Trump said his administration is considering to ban the popular Chinese-owned video app. “We’re looking at TikTok. We may be banning TikTok,” Trump told reporters at the White House. India has banned […]

GST-Collection-Drops
July GST Collection Drops 14% To Rs 87,422 Cr Amid Covid Impact

New Delhi: The Covid-induced shrinking of economic activity for the past few months continued to have its impact on government’s tax collections with revenue under the Goods and Services Tax (GST) falling far below the psychological level of Rs 1 lakh crore to Rs 87,422 crore in July. The July collections, which is 84 per […]

NITI-Aayog
NITI Aayog Suggests Creation Of Dak Bank To Deepen Financial Inclusion

New Delhi: In a bid to further deepen financial inclusion in the country, the NITI Aayog has suggested the creation of a Dak Bank — postal bank — by merging the regional rural banks, among other recommendations to the government. In a recent presentation to the Prime Minister’s Office and the Finance Ministry, the NITI […]

MSME
MSME Minister Approves Scheme For 'Agarbatti' Production

New Delhi: Union Minister for Micro, Small & Medium Enterprises (MSME) Nitin Gadkari has approved a scheme to raise production of ‘agarbatti’ (incense sticks) and become self-reliant on that front. The Khadi Agarbatti Aatmanirbhar Mission, proposed by the Khadi and Village Industries Commission (KVIC), eyes employment generation as well as making India self-reliant in agarbatti […]

mt
Microsoft Confirms Talks To Acquire TikTok By September 15

San Francisco: Microsoft has officially confirmed it is in talks to acquire the operations of video-sharing platform TikTok in the US, Canada, Australia and New Zealand markets following a conversation between Microsoft CEO Satya Nadella and President Donald Trump. “Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States,” […]

SEBI
SEBI Issues Procedural Guidelines For Proxy Advisors

Mumbai: The Securities and Exchange Board of India (SEBI) on Monday came up with a set of procedural guidelines for proxy advisors. Proxy advisory firms advise shareholders on corporate governance-related issues and give recommendations regarding voting on resolutions. In a circular, SEBI said that proxy advisors shall formulate the voting recommendation policies and disclose the […]

hoptel-in
Indian Hotel Industries' Revenue Per Available Room Down By 43.5%

New Delhi: As the ongoing pandemic has severely impacted India’s hotel industry, the sector has recorded a 43.5 per cent fall in Revenue Per Available Room (RevPAR) for the first half of 2020 on a year-on-year basis, according to a report by JLL. All key 11 markets in India reported a decrease in RevPAR Performance […]

IND-US
Indian Ambassador in US Discusses Trade, Investment Cooperation With Pennsylvania Governor

Washington: Continuing with his efforts to strengthen the bilateral ties, the top Indian diplomat in the US has discussed trade and investment cooperation with the Governor of Pennsylvania, the American state with which India shares a vibrant and a century-old relationship. The total trade between India and Pennsylvania in 2019 was USD 3.21 billion. Over […]

Bitcoin
Bitcoin-Crazy Rich Indians Falling Prey To Fake Crypto Wallets

New Delhi: With the Supreme Court striking down the curb on cryptocurrency trade in India in March this year, there has been a surge in Indians investing in Bitcoin and with this, cybercriminals have started mobile-based fake Blockchain-based crypto wallets to lure and con the rich and the wealthy in the country. These Blockchain-based wallets […]

Gold Price, Silver Price
Gold Price Rises By Rs 238, Silver Jumps Rs 960

New Delhi: Gold prices rose by Rs 238 to Rs 56,122 per 10 gram in the national capital on Monday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 55,884 per 10 gram. Silver also rose by Rs 960 to Rs 76,520 per kg from Rs 75,560 per kg […]

Gold
Gold, Silver Prices Crash After Record Run

Mumbai: Futures of gold and silver which were touching new highs every other day lately have started to falter in line with international markets and traders booking profits. The fall in gold prices, which is considered as a safe haven asset, has also been induced post Russia’s announcement that it has developed the first vaccine […]

Reliance-Jio-TikTok
After TikTok Ban, ByteDance Reaches Out To Reliance Jio For A Deal

New Delhi: As ByteDance continues to struggle in the US, a new report claimed on Thursday that China-based company that owns the short-video making app TikTok may sell its India business to Reliance Jio amid uncertainties around its operations in the country. Citing people familiar with the early-stage discussions, Tech Crunch reported that the “two […]

Inflation
India's CPI Inflation Rises To 6.93% In July As Food Prices Surge

New Delhi:  A substantial rise in food prices lifted India’s July retail inflation to 6.93 per cent from 6.23 per cent in June, official data showed on Thursday. On a year-on-year (YoY) basis, the CPI inflation more than doubled last month from 3.15 per cent recorded during July 2019. The data furnished by the National […]

RBI
RBI To Transfer Rs 57,128 Crore To Central Govt Surplus For FY20

Mumbai: The Reserve Bank of India (RBI) Board on Friday approved the transfer of Rs 57,128 crore surplus to the Central government for FY20. The decision was taken at the 584th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference. The Board reviewed the current economic situation, continued […]

Amazon Pharmacy
Amazon India Forays Into Pharmacy, Chemist Body Raises Alarm

Bengaluru: E-Marketing giant Amazon has introduced online pharmacy services in India that would allow consumers order both prescription-based and over-the-counter medicines. The service will be beta tested in Bengaluru on a pilot basis and then will reportedly move towards other cities. The move came after the drug business especially online drug business saw a major […]

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