Double-digit growth in India’s tax collection figures: Jaitley

New Delhi, December 29 (IANS): Union Finance Minister Arun Jaitley on Thursday said that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth.   “The impact of demonetisation on tax revenue and collection is already visible. There has been a 26.2% increase in central indirect tax collection till November 30,” […]

Apple’s iPhone, iPad a big hit this holiday season

New York, December 29 (IANS): The holiday season was a big hit for Apple’s iPhone, as Yahoo-owned research firm Flurry revealed that during the critical shopping period between December 19 to 25, Apple’s iPhone and iPad accounted for 44% of all mobile activations — much higher than Samsung.   The research firm also revealed that […]

Tatas serve legal notice on Mistry for breach of trust

Tatas serve legal notice on Mistry for breach of trust

Mumbai, December 27 (IANS): Tata Sons on Tuesday served a legal notice on its ousted Chairman Cyrus Mistry, alleging breach of confidentiality and passing on sensitive information to his family-controlled companies. No damages were sought.   Mistry, who still remains a Director on the board of the holding arm of the the $100 billion-plus group, […]

‘Amul girl’ may make her way to merchandise too

New Delhi, December 27 (PTI): The adorable Amul girl could soon find her way into living rooms and kitchens, beyond the topical ads on newspapers with the dairy major mulling over launch of merchandise based on her.   According to a top company official, once Amul takes a decision in the next 2-3 months, a […]

Indian m-wallet market expected to be Rs 1,512 bn by FY22

Indian m-wallet market expected to be Rs 1,512 bn by FY22

Hyderabad, Dec 27 (IANS) The mobile-wallet market in India is expected to grow at over 190 per cent to reach Rs 1,512 billion by financial year 2022 from the current level of about Rs.1.5 billion, says a study conducted jointly by trade body Assocham and business consulting firm RNCOS.   The m-wallet transactions are likely […]

Will enable 5 mn merchants go digital in 2017: Paytm

New Delhi, Dec 27 (IANS) Announcing that it will enable five million merchants to leapfrog to digital payments in 2017, mobile payment and e-commerce platform Paytm on Tuesday launched an array of new features to enhance security and increase usability both for consumers and merchants.   The company has also started working upstream with distribution […]

Global diamond business roiled as cash crunch hits Indian stone cutting

Global diamond business roiled as cash crunch hits Indian stone cutting

  SURAT, India/TORONTO (Reuters) – The global diamond industry is facing disruption that could stretch through the first few months of next year, including Valentine’s Day in February, as a result of Prime Minister Narendra Modi’s radical move to abolish most of the nation’s cash overnight.   In Surat, craftsmen usually spend 10-12 hours a […]

Nusli Wadia sues Tata Sons, board members for defamation

Nusli Wadia sues Tata Sons, board members for defamation

MUMBAI (Reuters) – Nusli Wadia, a former independent director on the boards of Tata Motors Ltd <TAMO.NS>, Tata Steel Ltd <TISC.NS> and Tata Chemicals Ltd <TTCH.NS>, has filed a defamation case against holding company Tata Sons and 11 of its board members and executives.   Wadia said Tata Sons and the individuals cited, including patriarch […]

RBI’s latest figures: The math still doesn’t add up

New Delhi, December 22 (IANS): Despite much criticism, the Reserve Bank of India (RBI) has failed to give a credible account of the new notes supplied to the public.   In its latest press release on Wednesday, the RBI said it had sent out for distribution to the public 22.6 billion notes of various denomination […]