Tag: Business

Morning Digest | FIR links NewsClick case to legal aid for Chinese companies; Canada moves diplomats out of India to Singapore, Malaysia, and more

October 7, 2023 admin

The FIR filed by the Delhi Police cites tax evasion cases being faced by companies such as Xiaomi and Vivo in India. File | Photo Credit: Reuters FIR links NewsClick case to legal aid for Chinese companies The Delhi police have levelled a wide range of charges in their First Information Report (FIR) against NewsClick founder Prabir Purkayastha, American…

World

India Among Top 3 Nations With Highest 5G Base, Remarkable: Nokia CEO

October 5, 2023 admin

New Delhi: The 5G network rollout in India has been remarkable and the country is among the top three nations with the largest 5G installed base in the world, a top Nokia official said on Thursday. Nokia President and CEO Pekka Lundmark was addressing an event during the inauguration of the company’s 6G research lab…

Business

UK’s Superdry To Sell South Asian Intellectual Property Assets To Reliance For $48 Million

October 4, 2023 admin

UK’s Superdry To Sell South Asian Intellectual Property Assets To Reliance For Million

Superdry’s shares jumped 18% to a near two-month high on Wednesday. Bengaluru: Reliance Retail, India’s largest retailer, will buy UK-based Superdry’s licenses and brand assets in three Asian countries for 40 million pounds ($48 million), expanding its tie-ups with foreign brands and giving the struggling UK fashion retailer much-needed funds. Superdry’s shares jumped 18% to…

Business

Over 30 Lakh Audit Reports Filed On Income Tax Department Website

October 2, 2023 admin

To facilitate the taxpayers, extensive outreach programmes were carried out New Delhi: Over 30 lakh audit reports (TAR) were filed till September 30 on the e-filing portal of the Income Tax Department, the tax authority said on Monday. The Income-tax Department through the release appreciated taxpayers and tax professionals for making compliances on time. Those…

Business

Reliance-Backed Dunzo Co-Founder Dalvir Suri Quits, Startup To Restructure

October 2, 2023 admin

Dunzo has been struggling to strike a funding deal Bengaluru: On-demand delivery platform Dunzo said today one of its four co-founders, Dalvir Suri, would leave and the cash-strapped, Reliance Industries-backed startup. It also announced an organisation-wide restructuring from this quarter. Dunzo has been struggling to strike a funding deal in the past few months and…

Business

India In Talks With More Jurisdictions On Cross-Border Payments: RBI

September 29, 2023 admin

He said India has been making efforts to tackle the challenge of the high cost of remittances. Kolkata: Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was “unconscionable”, and India is in talks with more jurisdictions to make a material impact on…

Business

BYJU’s To Lay Off 3,500 Employees Overhired During Pandemic: Report

September 27, 2023 admin

Layoffs in Byjus: With this, total number of employees at BYJU’s will fall to 31,000-33,000. New Delhi: Edtech major BYJU’s may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said. According to one of the sources, BYJU’s had…

Business

India Economy News India Among Top 3 Fastest Growing Markets In Asia Pacific In 2024 Australia China: JPMorgan

September 26, 2023 admin

JPMorgan has expanded its investment banking team in India Mumbai: India could be among the three fastest growing markets for JPMorgan in the Asia Pacific region next year, alongside Australia and Japan, said a top official at the Wall Street bank. “People are starting to get excited about the whole China plus one element and…

Business

Chief Economic Adviser V Anantha Nageswaran On Inclusion of Indian bonds In JPMorgan Index Will Boost Rupee Widen Investor Base

September 22, 2023 admin

He said there is potential for currency appreciation after inclusion of Indian bonds in JP Morgan index New Delhi: Chief Economic Adviser V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JPMorgan’s benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee. He also…

Business

India To Be Part Of JPMorgan’s Emerging Markets Index. Here’s What It Means

September 22, 2023 admin

Currently, 23 Indian Government Bonds are index eligible, JPMorgan said. Mumbai: JPMorgan will include Indian government bonds in its Government Bond Index-Emerging Markets (GBI-EM) from June 2024, the Wall Street bank said on Friday. The inclusion, a first for the country, could lead to billions of dollars of inflows into local currency-denominated government debt and…

Business