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NEW DELHI: Online marketplace Amazon invested more than USD 1.2 billion and hired about 15,000 experts in 2023 to protect the brand, its sellers, and customers from fraud and counterfeit, according to the Amazon 2023 Brand Protection Report. Amazon said when a customer purchases from the store, they trust...
NEW DELHI: The Shapoorji Pallonji Group on Tuesday announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Ltd for an enterprise value of Rs 3,350 crore, as part of its deleveraging strategy with planned asset monetisation. The under-construction Gopalpur Port in Odisha was acquired in...
MUMBAI: The rupee recovered from all-time low level and appreciated 33 paise to close at 83.28 (provisional) against the US dollar on Tuesday on decline in the US dollar and positive Asian currencies. Forex traders said weak domestic markets and surge in crude oil prices capped sharp gains for...
BENGALURU: Global capability centres (GCCs) in India are building a product mindset that underscores collective ownership of solutions and greater accountability. As GCCs sharpen their product management playbook, they are augmenting their product teams by offering competitive salaries for roles across entry, mid, and senior levels. Historically, product manager...
NEW DELHI: Experts have raised concerns regarding the projected fall in India’s total fertility rate (TFR) in a recent study by Lancet on global fertility rates. The study suggests that India’s TFR, or the average number of children born to a woman, has been seeing a decline over the...
NEW DELHI: Accel, the early-stage venture capital major, is planning to make investments in as many as 25 Indian startups this year, and may launch an India-focused fund in the next couple of years, an executive at the firm said. The firm had made 17 investments in 2023 and...
NEW DELHI: India’s services inflation may remain muted for next few months and will witness a pickup in second half only, economists said, thus helping curb core inflation. “There may be some more downside to services inflation, but a mean reversion or normalisation will happen in the second half...
NEW DELHI: The Insurance Regulatory and Development Authority of India (IRDAI) has retained the existing surrender values for life insurance policies, following concerns raised by life insurers, according to the gazette notification issued later last week. The regulator also permitted sale of Index Linked Insurance Products, where the Net...
NEW DELHI: The Income Tax Department has finalized guidelines for assessing or re-assessing of high-risk value in updated Income Tax Returns filed for Assessment Year 2020-21 (Fiscal Year 2019-20). Meanwhile, the last date to file an updated Income Tax Return for Assessment Year 2021-22 is March 31. Based on...
NEW DELHI: IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) will undergo a special audit to further probe their regulatory breaches, as the Reserve Bank has initiated the process for the appointment of auditors. The Reserve Bank has floated two separate tenders for the appointment of auditors for...
NEW DELHI: The Indian auto industry is gearing up to roll out an array of electric vehicle models over the next few years amid a renewed push by the government to encourage environment-friendly mobility solutions with the unveiling of a new policy. Mass market players like Maruti Suzuki, Hyundai,...
NEW DELHI: Miners’ body FIMI has urged the government not to impose any export duty on low-grade iron ore, stating that any such move would cause a significant loss of state revenues and employment and also affect foreign exchange earnings. In a representation to the government, the Federation of...
NEW DELHI: FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539...
NEW DELHI: India’s economic outlook for FY25 remains “bright”, the finance ministry said on Friday, noting that the economy will close the current fiscal with strong growth accompanied by stable inflation, robust external account and progressive employment scenario. “On the whole, India looks positively towards the dawn of FY25,”...
MUMBAI: The insurance regulatory has announced the creation of an ONDC-like electronic marketplace – Bima Sugam – which will serve as a digital public infrastructure. The marketplace is expected to be owned by insurance companies. Besides providing a platform for products, companies and distributors, Bima Sugam will allot insurance...
NEW DELHI: The international trade is expected to rebound in 2024, reversing the last year’s downturn, amid lingering geopolitical uncertainties, the United Nations Conference on Trade and Development (UNCTAD) said. In its Global Trade Update report, the UN’s trade and development body warned that the logistical challenges such as...
MUMBAI: The rupee on Friday hit a fresh closing low after depreciating 0.3 per cent against the dollar due to importers’ demand for the greenback and tracking Asian peers even if the country’s foreign exchange reserves hit an all-time high. The Indian currency settled at Rs 83.43 as compared...
SEATTLE/WASHINGTON: Earlier this week, Microsoft Corp. named artificial intelligence pioneer Mustafa Suleyman chief of its consumer AI business and hired most of the staff from his Inflection AI startup. A day before, Bloomberg reported that Alphabet Inc.’s Google was in talks to license its Gemini AI engine to Apple...