MUMBAI: Small towns are fueling the growth of Flipkart’s quick commerce business Minutes. Cities such as Siliguri, Ambala, Barabanki, Bhagalpur and Durgapur are seeing huge consumer adoption with the overall customer base growing nearly 25 times year-on-year across such regions, the Walmart-owned company said.The broader Minutes business has expanded four times y-o-y since its launch…
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Thursday said that the newly introduced Closing Auction Session (CAS) will stay but the regulator is studying if the mechanism to arrive at derivatives settlement prices could be changed. Pandey also said that MSCI, one of the largest index service providers in the world, has acknowledged that even…
MUMBAI: RBI governor Sanjay Malhotra said early experiments with financial asset tokenisation were helping the regulator test the infrastructure for future markets as he launched a pilot enabling instant settlement of tokenised corporate bonds through the eRupee.Malhotra on Thursday launched the Demat 2.0 pilot with Sebi chairman Tuhin Kanta Pandey at the Global Fintech Fest….
NEW DELHI: Apple could bring more buyers to foldables without winning most of them. Foldable phones have flexible screens that let them open into larger displays or fold into more compact devices. The Cupertino-based company’s entry with the iPhone Duo is expected to draw attention to a smartphone category that remains small in India, while…
MUMBAI: Discounting volatility in the stock market, investors poured in money through the mutual fund route that led to a record Rs 32,297 crore in gross monthly inflows through the systematic investment plan (SIP) route in Aug. This, combined with strong buying across most equity mutual fund categories, lifted the total assets managed by the…
NEW DELHI: Emerging sectors, such as space, data centers, solar energy, semiconductors and electronics are set to drive the next phase of industrial revolution in India as the large domestic opportunity is driving private participation.Supportive govt policies, such as tax holidays for establishing data centres, large incentive schemes for boosting semiconductor production, electronics and solar…
MUMBAI: Bahrain’s high civil court rejected all seven legal proceedings filed against HDFC Bank by investors over Credit Suisse Additional Tier 1 (CS AT1) bonds, with the latest two cases dismissed on Sept 9, the bank said on Thursday. Five similar cases were rejected by the court between July and Aug.AT1 bonds are risky instruments…
NEW DELHI: From Jan, e-commerce entities will have to display both the “reduced price” and “prior price” whenever they announce a price cut, including during festive sale seasons. The “prior price” will be the lowest price at which the product was offered up to 30 days before the announcement of discount.The provision is part of…
New Delhi: Having secured nearly 2,000 convictions in food safety cases across the country, Food Safety and Standards Authority of India (FSSAI) is now stepping up enforcement, including holding e-commerce platforms responsible for products sold through them and proposing stricter action against high-fat, sugar and salt (HFSS) foods near schools, its CEO Rajit Punhani said…
The Income Tax Assessing Officer (AO) issuing a notice under Section 148 on March 29, 2017. This is the case of a senior citizen woman who fought for nine years and won a case against the Income Tax Department’s tax demand. She had been issued a tax notice after it was found that she had…
