New MSME tag to rely on both investment and turnover, Bill being reworked
According to the current definition, a micro unit is one where the investment does not exceed Rs 25 lakh, while a small enterprise is one where the investment is between Rs 25 lakh and Rs 5 crore.
Govt mulls making Aarogya Setu more transparent amid privacy concerns
Aarogya Setu was developed by the National Informatics Centre to help contact-tracing of at-risk individuals in the wake of the Covid-19 pandemic.
Rising ‘over-dues’ of discoms: NTPC bites back at states, seeks to invoke three-way agreement
Discoms’ over-dues — bills that remained unpaid for more than 60 days — have been rising almost relentlessly over the years, and spiraled 242% on year, to a level of Rs 10,500 crore by FY20 end.
Aviation industry to crash-land this fiscal
According to Crisil estimates, the aviation industry will crash-land this fiscal with revenue loss of Rs 24,000-25,000 crore during the April-June quarter.
Aarogya Setu: Govt mulls open-source architecture for app
The developers contacted him and concluded that no personal information of any user has been proven to be at risk by the ethical hacker.
Amazon, Future Group in talks over Future Retail stake sale
When contacted, the Future Group denied any such discussion saying that they are "speculative in nature".
Aarogya Setu app to be available on JioPhones soon: Report
Aarogya Setu is currently available on iOS and Android, and nearly 9 crore users have already downloaded the app.
Have requested FM Sitharaman to expedite tax refunds for firms: MSME Minister Nitin Gadkari
The minister emphasized that special focus towards export enhancement is the need of the hour. He highlighted the need to focus on import substitution to replace imports with domestic production.
Govt amends Income Tax rules for faster resolution of multinational corporations’ tax disputes under MAP
. Upon acceptance of the resolution, the assessee shall withdraw any appeal filed in this regard and pay the tax determined by the assessing officer after giving effect to the resolution.
Govt expects over 300% jump in restructured MSME loans by year-end; urges industries to clear dues
Credit and Finance for MSMEs: Nitin Gadkari said that the government has made some decisions to help MSMEs grow in the post-Covid scenario such as increasing their working capital limit by 20 per cent.
Air India divestment process looks very uncertain amid COVID-19 crisis, says Crisil
In another attempt to sell loss-making Air India, the government, in January this year, sought Expression of Interest (EoI) and the deadline for submission of EoI has now been extended till June 30.
Govt announces financial package to ramp up coir usage; signs MoU with IIT Madras
Credit and Finance for MSMEs: MSME Ministry on Thursday announced an MoU between the Coir Board and IIT Madras for setting up a Centre of Excellence to boost the use of coir “exclusively or in combination with other natural fibres".
MSME sector on verge of collapse, says Union Minister Nitin Gadkari
The minister also noted that the pendency of dues owed to MSME units by the central government, state governments, public sector undertakings and major industries was "very high".
Tata Consumer Products ties up with Domino’s Pizza, Zomato to deliver essential goods
These channel partnerships have been done in a phased manner, with Flipkart being the first e-commerce platform to enable the availability of its essential products in Mumbai, Bengaluru and Delhi.
Visakhapatnam gas leak: LG Polymers’ Vizag plant produced stuff used to make disposable plastic cutlery
The Vizag plant manufactures polystyrene (PS) that finds wide utility in the food-service industry as rigid trays and containers, disposable utensils, and foamed cups, plates and bowls.
UP resumes sale of ‘paan masala’ but with a condition
The Uttar Pradesh state government has lifted the ban on production and retail of nicotine and tobacco-less ‘paan masala’ products.
ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices: Moody’s
Oil prices in the international markets last month slumped to a two-decade low of USD 18 per barrel before rebounding by some measure.
Swiggy co-founder Rahul Jaimini quits after six years; to join this edtech startup
A founder leaving a large internet company hasn’t been a very common move in the Indian startup ecosystem. Nonetheless, in a similar instance, Zomato’s co-founder Pankaj Chaddah had left the company in 2018 after 10 years.
Coronavirus lockdown perfect opportunity to strengthen weak links in supply chain of essential goods
With the country remaining under a lockdown due to coronavirus, the supply chain of essential goods has been disrupted, but, the same has also presented the government with an opportunity to identify and plug those gaps.
Need govt push for MSMEs to benefit if India capitalizes on exodus of factories from China, says SBI
Trade, import and export for MSMEs: For India to benefit from the relocation of factories and companies from China, the MSME sector is likely to play a key role. This is particularly for food product manufacturing sector where India lacks competitiveness in exports.
Samsung is bringing over 20,000 offline retailers online to make Galaxy phones available for buying during COVID-19 crisis
After Vivo and Xiaomi, Samsung is also kicking off an online to offline sales strategy.
ArcelorMittal reports $1.1 billion net loss in March quarter
"ArcelorMittal recorded a net loss for quarter 1, 2020 of USD 1.1 billion... as compared to a net loss for quarter 4, 2019 of USD 1.9 billion and a net income for quarter 1, 2019 of USD 0.4 billion," the company said.
India seeks to replace China as global companies’ first choice; looks to lure 1,000 US firms
India is seeking to lure US businesses, including medical devices giant Abbott Laboratories, to relocate from China as President Donald Trump’s administration steps up efforts to blame Beijing for its role in the coronavirus pandemic.
All you need to know about LG Polymers plant at the centre of Vizag gas leak
LG Polymer plant uses raw material styrene to make its products, which is highly flammable and releases a poisonous gas when burnt.
OnePlus 7T Pro gets massive Rs 6,000 discount after OnePlus 8 Pro, OnePlus 8 launch
The OnePlus 7T Pro is still a potent buy even after the launch of the OnePlus 8 Pro.
2020 to be year of survival for entrepreneurs; here’s why Covid is true test of ease of doing business
Ease of Doing Business for MSMEs: All the government services like clearances, issuing licenses, approvals etc. should be online and time-bound. The onus of delay should be on the officer concerned and be made liable for payment of damages for causing delays.
Zomato’s liquor at home service: Now, alcohol lovers may not need to queue up for drinks
Your liquor may now soon start getting delivered by Indian food delivery company Zomato as the company aims to branch out into delivering alcohol.
Hirings dip massively in April due to coronavirus lockdown; these sectors cut most jobs
The coronavirus pandemic has dealt a massive blow to the hirings trend in the last month with the employment rate slipping by a massive 62% as compared to last year.
HCL Tech Q4 net up 24.3 pc to Rs 3,154 cr, sees short-term impact of COVID-19
HCL Tech's revenue grew 16.3 per cent to Rs 18,587 crore in the March 2020 quarter, from Rs 15,990 crore in the year-ago period.
Fighting covid-19 with tech: Zoho’s apps aid study & work
SaaS major Zoho has introduced targeted programmes and tools to help businesses and communities severely impacted by the Covid-19 pandemic
Sify eyes cloud, network access and e-learning for growth post lockdown
The company is currently addressing the upgrade and downgrade requirements of customers, based on demand.
Persistent focus on hi-tech & health saves the day in Q4
Persistent Systems will not implement salary cuts, large-scale layoffs or furloughs but they may, at best, be deferring the wage hikes scheduled to take place in July, Sapre said.
India Post provides Rs 720-cr cash at doorsteps via AePS since March 25
During the period, around 2.7 crore Post Office Savings Bank transactions were carried out involving more than Rs 40,000 crore, while 1.3 crore India Post Payments Banks (IPPB) transactions were carried out worth Rs 2,854 crore.
BSNL employee union backs purchase from foreign firms, calls Indian products substandard
The union said it was unfair to direct BSNL alone to buy local 4G equipment, largely untested and of substandard quality, from inexperienced companies while letting private operators buy from global players.
Around 40 laid off from Jet Airways’ remaining staff, lenders to decide on fresh round of EoIs
The Covid-19 pandemic has dealt a severe blow to the already grounded and insolvent Jet Airways. About 40 people who were a part of Jet’s asset preservation team were let go earlier this week.
OMCs to cut margins: Steep fuel tax hikes swell Centre’s pocket, collection to touch Rs 1.4-lakh-crore/year
The steep hikes on auto fuel taxes - Rs 10/litre on petrol and Rs 13/litre on diesel – announced by the Centre late Tuesday won’t inflate the retail prices of these fuels immediately.
Bengal discom may seek govt guarantee for bank loans to meet expenses
West Bengal State Electricity Distribution Company (WBSEDCL) is likely to seek bank guarantee from the state to take fresh loans so that it can meet salary expenses for its 18,000-odd workers for May.
Delhi HC allows Bharti Airtel to rectify GST returns, claim Rs 923-crore refund
In a relief to Sunil Bhari-led Bharti Airtel, the Delhi High Court has allowed the telco to rectify its GST returns for July 2017 to September 2017 and thus claim refund of Rs 923 crore, which was denied earlier by the tax department.
OMC stocks plummet after excise duty hike on petrol, diesel
Shares of oil marketing companies (OMCs) crashed on the bourses on Wednesday, reacting to the decision of the central government to hike excise duty by Rs 10 per litre on petrol and Rs 13 per litre on diesel.
How Geospatial Data Should Influence Analytics Strategy: Analytics Corner
Advanced analytics programs can incorporate geospatial data. Learn how such data can be used to augment local marketing plans
GDPR Day: As Crazy as You'd Expect
Let's all panic, like we didn't know GDPR was ever really going to happen!!!
Session-Replay Analytics Could Be a GDPR Quagmire
Here's a new angle on GDPR, likely one of many angles people haven't yet considered: Does web session recording count as collecting PII?
Spotlight on SiriusDecisions: GDPR
GDPR comes into force on May 25. Here's a timely look at its impact on B2B marketing and sales functions with Julian Archer of SiriusDecisions
Creating a Marketing Mix Model for a Better Marketing Budget: Analytics Corner
Using R programming, marketers can create a marketing mix model to determine how sustainable their audience channels are, and make better ad spend decisions. Here's how
Spotlight on SiriusDecisions: Artificial Intelligence
Kerry Cunningham of SiriusDecisions talks about how AI can power the B2B revenue engine
5 Industries That Are Winning with IoT
If you're not taking note of the Internet of Things, it's here, and it's making a difference, to industries and to marketers
How To Use Time Series Data in Advanced Analytics: Analytics Corner
For beginners, how marketers can learn to create advanced data models from time series data
Cryptocurrency: Maybe It Isn't So Cool Any More
Crypto may not work long-term as a currency, thanks to volatility and fraud concern issues. But the blockchain technology on which it relies might be here to stay
Where ABM is Headed
The Demandbase ABM Innovation Summit was granular on execution, far-sighted on the potential for omnichannel ABM
Economic Relief Package 2.0 soon, possible to raise $60 billion by listing govt bonds overseas: CEA KV Subramanian
In an interview to India Today channel, the CEA said: “About $4 trillion of money tracks these (global) bond indices. India is expected to get a weight of around 1.5-3%. Even if you take 1.5%, that translates into $60 billion.”