Investment in mutual funds through SIPs remained lacklustre with inflow dropping for the sixth-consecutive month to Rs 7,788 crore in September amid challenging economic environment. … Read more
Business and Finance
Facebook, Google, Amazon, LinkedIn could face domestic taxes
Global internet giants such as Google, Facebook, Amazon, LinkedIn and Netflix could face larger domestic tax liability in India after OECD (Organisation for Economic Co-operation … Read more
RBI to Move to Next Generation Treasury Application for Managing Forex, Gold Reserves
The Reserve Bank has decided to move to the Next Generation Treasury Application (NGTA) for managing the country’s foreign exchange and gold reserves. The NGTA, … Read more
Snapdeal on-boards over 5000 manufacturer-sellers in 9 months, exceeds target
Though it began on-boarding new manufacturers directly as sellers from January, majority of the sign-ups have taken place in the September quarter, the official said, … Read more
Airlines on verge of collapse, may shut if situation doesn’t improve: GoAir to SC
New Delhi: A day after aviation regulator, Directorate General of Civil Aviation (DGCA), informed the Supreme Court (SC) that passengers who booked tickets during lockdown … Read more
As Covid fuels personal vehicle use, petrol demand in September higher than 2019
India’s petrol consumption grew for the first time since February in September, with diesel demand also recovering month on month, according to data released by … Read more
We will connect over 50 lakh street food vendors for online delivery : Swiggy
To onboard street food vendors on its ecommerce platform, giving them online access to thousands of consumers and help these vendors grow their businesses, the … Read more
HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing
HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion … Read more
Business with turnover of over Rs 100 crore to generate e-invoice for B2B deals from Jan
E-invoicing uptake has seen immense progress with over 69.5 lakh Invoice Reference Number (IRN)s generated between October 1 and October 7, senior officials said. On … Read more
Amazon India’s payments unit gets $95.5 mln from parent ahead of festive season
Amazon.com Inc AMZN.O has invested 7 billion rupees ($95.51 million) in its Indian payments unit, ahead of the festive season, data from business intelligence firm … Read more