Business Featured International 

Indira Nooyi Being Considered To Head World Bank : Report

The former CEO of global beverage giant PepsiCo Indira Nooyi who was born in India is being considered by the White House for the new World Bank President. Indira Nooyi, who is 63  stepped down as PepsiCo’s chief last August after leading the company for 12 years. She “has been courted as an administration ally by Ivanka Trump, the president’s eldest daughter who is playing a role in the selection of a nominee. According to the report, It is unclear whether Indira Nooyi would accept the job, However, Ivanka Trump has…

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Business Featured National 

Nifty , Sensex gain 1% each , Here are the 5 reasons

After consolidating for last few sessions, bulls took complete control on Tuesday as the benchmark indices rallied more than 1 per cent each driven by rate sensitives and technology stocks. The  BSE Sensex gained 464.77 points at 36,318.33 and the Nifty also gained  149.20 points to 10,886.80. The Nifty Midcap index gained 0.7 per cent and Smallcap gained 1.1 per cent. The market breadth was also in favour of bulls as about three shares advanced for every two shares falling on the exchange. The experts are expecting that Nifty could surpass 11,000…

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Honor-10-truecolumn Business Featured National Technology 

Honor 10 Lite to launch in India today: Specification, Price and many more

The Chinese smartphone manufacturing company Honor is set to kick off its first smartphone launch in the new year and it will be the Honor 10 Lite. The company will hold an event in New Delhi which is scheduled to begin at 11 am where it will announce the price and availability of the Honor 10 Lite. The phone succeeds the Honor 9 Lite which was launched in India around the same time last year. The Honor 10 Lite touts an updated design with a Dewdrop display, and it also comes with AI-backed…

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myntra-truecolumn Business Featured National 

Ananth Narayanan steps down as CEO of Myntra-Jabong

The fashion e-trailer company Myntra and Jabong CEO Ananth Narayanan have decided to step down from his position almost two months after group CEO Binny Bansal exited the firm. He will be replaced by Amar Nagaram, who will report to Kalyan Krishnamurthy, CEO of Flipkart Group the company said in a statement on January 14. Amar Nagaram, who recently moved to Myntra from Flipkart, has been with the Group for around seven years. He has also worked on the mobile web segment of the group. According to the statement of the official, “Ananth has played…

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Business Featured National 

Fuel Prices Hiked 6 Times So Far This Year, Petrol Rate In Delhi Crosses Rs. 70 rupees per Litre

On Monday, After a fall in prices of fuel prices over the past few days, the upward trend has finally begun. The prices of petrol and diesel have risen in New Delhi. The beginning of the third week in the new year has already seen petrol prices breach the Rs.70 mark in the national capital and this is the first time it has happened in 2019. Petrol prices saw a hike of 38 paise in Delhi while diesel prices went up by 49 paise. The price of the petrol in…

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Business Featured Technology 

Samsung Galaxy S10 launch date announced

Samsung has finally announced the launch date of its latest upcoming phone Samsung Galaxy S10. Samsung Galaxy S10 will be unveiled on February 20th at a special Unpacked event in San Francisco. The Galaxy S10 will mark ten years of the Galaxy S series from Samsung, which is the company’s flagship offering. Samsung Galaxy S10 will be available in three variants that are Galaxy S10, S10+ and S10 Lite. The phone will have the 5G network support. The Samsung Galaxy S10 series will get newer kind of display, what Samsung…

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Goods-and-service-tax Business Featured National 

Goods and Service Tax Council increases exemption limit for SMEs

The Goods and Services Tax (GST) Council in its 32nd meeting took the decision to reduce the tax and compliance burden on the small and medium enterprises, including increasing the threshold limit below which companies are exempt from Goods and Service Tax, extending the Composition Scheme to small service providers, and allowing small companies to file annual returns. On Thursday, Finance Minister Arun Jaitley announced that that the limit for eligibility for the Composition Scheme would be raised to an annual turnover of Rs.1.5 crore from April 1, 2019. He also added…

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Air-India-Truecolumn Business Featured National 

Government Eyes about Rs.7,000 crore from Air India sale

The government is keeping an eye around USD 1 billion (about Rs.7,000 crore) from the sale of national carrier Air India in the next financial year, said the government official on Wednesday. The government will initiate the process of strategic disinvestment of Air India in the second half of 2019-20 and in between it would work towards selling some of its subsidiaries and monetise assets. Air India has a debt burden of Rs.55,000 crore. Last year in November,  The Finance Minister Arun Jaitley had approved transferring Rs.29,000 crore debt to…

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Business Featured National 

Supreme Court Put Stay Order on Maggi

The Supreme Court on Thursday raised a stay on the proceedings of a case filed by the Center in the National Consumer Disputes Redressal Commission against the maker of Maggi, Nestle India, seeking damages of Rs 640 crores on charges of unfair trade practices, false labelling and misleading advertisements. Now the National Consumer Disputes Redressal Commission (NCDRC)  can continue proceedings against Nestle India, based on the results of tests of Maggi noodle samples conducted by the Central Food Technological Research Institute (CFTRI) in Mysuru. In December 2015, the top court had…

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bigbasket-truecolumn Business Featured 

Government sets New Rules for Food Delivery Platforms

On Friday, The Food Safety and Standards Authority of India (FSSAI) has implemented new guidelines for online food and grocery operators such as Grofers and Big Basket as well as food delivery platforms like Swiggy and Zomato. The national food inspector said food products which are offered for sale are liable to sampling at any point in the supply chain. Companies will also need to provide a sample of the food on their platforms so that consumers can recognise the product. All mandatory information mentioned in the Food Safety and Standards…

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