Netflix to roll out cheaper mobile-screen plans in India

New Delhi, July 18 (PTI): Video streaming company Netflix will roll out a cheaper mobile-only plan in India as it looks to woo viewers amid growing competition from Amazon Prime Videos and other local players. The premium content platform also believes that growth in the Indian market is a marathon; and that it is witnessing […]

India’s current account balance deficit grew to $68bn in 2018-19: IMF

United Nations, July 18 (IANS): India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs. The External Sector Report of the IMF released on Wednesday by Chief Economist Gita Gopinath also […]

Govt to prepare national data on unorganised sector

New Delhi, July 18 (PTI): Shrinking of unorganised sector is a “positive” indicator of development and the government will prepare a separate data on unorganised workers in India, Labour and Employment Minister Santosh Kumar Gangwar told the the Rajya Sabha on Wednesday. The government has taken several measures towards expansion of the organised sector, he […]

Government seeks reply from TikTok on security, ‘age gate’

New Delhi, July 18 (IANS): The Ministry of Electronics and Information Technology (Meity) has sought response from controversial social media apps TikTok and Helo on a set of questions, ranging from whether the apps are considering storing data within India and what measures they were taking to prevent users below age 18 from getting exposed […]

‘Paytm Mall World Store’ eases international shopping for Indians

New Delhi, July 17 (IANS): Paytm Mall World Store which makes international brands available to Indian buyers on its platform is easing the shopping experience of buyers who face several issues when they shop on international platforms. “The company is rapidly expanding its ‘Paytm Mall World Store’ which makes international brands available to Indian buyers at […]

IndiGo to launch flights from Mumbai to Singapore, Bangkok

Mumbai, July 17 (IANS):Budget passenger carrier IndiGo said on Wednesday that it will introduce new international services from Mumbai to Singapore and Bangkok. According to the airline, effective August 22, IndiGo will operate non-stop flights from Mumbai to Singapore and Bangkok. “Connections between Mumbai and Singapore and Bangkok are highly significant from a trade perspective […]

Japan’s Sumitomo pays Rs 2,238 crore for 3-acre Mumbai plot

Mumbai, July 17 (IANS): In one of the biggest investments by a foreign firm in the Maharashtra realty sector, Japanese major Sumitomo Corporation has bought a three-acre plot in the prime Bandra-Kurla Complex for Rs 2,238 crore, an official said here on Wednesday. The plot, ‘C-65’, belongs to the Mumbai Metropolitan Region Development Authority and an […]

Xiaomi launches Redmi K20, K20 Pro smartphones in India

Xiaomi launches Redmi K20, K20 Pro smartphones in India

Redmi K20 Pro smartphone. (IANS Photo) New Delhi, July 17 (IANS): Chinese smartphone manufacturer Xiaomi on Wednesday launched two new smartphones — Redmi K20 and K20 Pro — in India which are the first flagship series under the Redmi sub-brand. The 6GB RAM + 128GB storage variant of Redmi K20 Pro is priced at Rs 27,999 […]

‘Budget ensures vigilance, short-term liquidity for NBFCs’

Mumbai, July 17 (IANS): The proposed full Budget 2019-20 ensures strong vigilance and short-term liquidity for non-bank finance companies (NBFCs) and housing finance companies (HFCs), ratings firm India Ratings and Research said on Wednesday. Accordingly, the proposed Finance Bill empowers the Reserve Bank of India (RBI) to undertake corporate restructuring of NBFCs and HFCs in public […]

India’s Strides Pharma Sciences tried to shred quality-control documents: US FDA

BENGALURU, July 17 (Reuters): The U.S. Food and Drug Administration (FDA) has raised doubts about Strides Pharma Sciences Ltd’s quality-control practices after finding adulteration and evidence of “uncontrolled shredding of documents” at one of its plants. The FDA found “significant violations” of current good manufacturing practice (CGMP) regulations at Strides Pharma’s plant in Puducherry in […]