Business

  • BLS International to help Amazon expand India footprint
    New Delhi, June 1 (IANS): BLS International, an outsourcing service provider for government and diplomatic missions globally, on Tuesday said it has signed a multi-year deal with Amazon to provide last-minute connectivity through its centres across India. The service through BLS centres will help the e-commerce giant to provide e-shopping experience and order fulfilment in urban, semi-urban and rural areas in the country. "We are delighted to collaborate with Amazon in
  • GST return filing deadline for May extended till June 26
    NEW DELHI, MAY 31 (IANS): The entre has extended the deadline to file GST returns for May by 15 days till June 26. The development comes on the basis of the recommendations of the GST Council, which, in its 43rd meeting on May 28, had decided to extend certain compliance relaxations on account of Covid-19. In a series of tweets on Monday, the Central Board of Indirect Taxes and Customs (CBIC) said that for composition taxpayers, the due date for furnishing annual return in 'F
  • Instagram tweaks algorithm after 'censoring' pro-Palestinian content
    San Francisco, May 31 (IANS): After workers accused the company of censoring pro-Palestine content, Facebook-owned Instagram has tweaked its algorithms that will begin ranking original and re-shared content equally. The employees at Instagram made numerous appeals about content that had been censored by automated moderation, reports The Verge. Now, the company has made changes in its AI systems. Social media firms like Twitter, Facebook and Instagram have been criticized over
  • Punjab Mail, India's oldest train that served Britishers, turns 110
    MUMBAI, MAY 31 (IANS): The oldest running long-distance train of the Indian Railways, Punjab Mail, connecting Mumbai-Firozpur - originally linking Bombay with Peshawar (now in Pakistan) - turns 110 on Tuesday, Central Railway officials said here on Monday. The Punjab Limited as she was called then, is a little over 16 years older than its more glamorous counterpart Frontier Mail, though its origins are rather vague. She steamed out of Bombay's Ballard Pier Mole station - wh
  • Renault Nissan workers boycott work, Hyundai, Ford, Eicher functional
    CHENNAI, MAY 31 (IANS): The workers union at the Franco-Japanese joint venture plant Renault Nissan Automotive India Private Ltd has decided not to report for duty on Monday till Covid-19 safety measures are put in place. On the other hand, workers at Hyundai Motor India Ltd, Ford India Private Ltd and Eicher Motors Ltd have reported for work and the company's plants are operational. In a statement issued here, Renault Nissan India Thozhilalar Sangam (RNITS) said, its Executi
  • Travel industry disappointed with GST Council failure to rationalise taxes for the sector
    NEW DELHI, MAY 31 (IANS): The travel Industry, one of worst affected sectors during the pandemic, is disappointed as the government has so far not come up with a specific economic relief package for it. IATO, one of the apex body tour operators, has expressed deep disappointed over its request for rationalising GST and cascading impact it causes on the tourism industry not even being discussed in the GST Council meeting held last week. Though there is no substitute for resumption
  • HP India, Jubilant Bhartia Foundation launch virtual helpdesk to facilitate Co-WIN registrations
    NEW MAY 31 (IANS): HP India in collaboration with the Jubilant Bhartia Foundation (JBF) have launched a national toll-free number to ease registration on the government Co-WIN portal for Covid-19 vaccination. The service will help people who have restricted or no access to smartphones or the internet and are dependent on others to register on their behalf. With a multi-lingual helpdesk, assistance will be initially available in four languages -- Hindi, English, Telugu, Tamil and
  • Petrol prices unchanged across metros
    New Delhi, May 30 (IANS): Petrol prices across the four metros remained unchanged on Sunday, with the fuel priced at Rs 93.94 per litre in the national capital. In Mumbai, petrol remained unchanged above the Rs 100 per litre mark. On Saturday, the city witnessed petrol prices reached the landmark three-digit level at Rs 100.19 a litre. Price of the fuel in Chennai and Kolkata was at Rs 95.51 and Rs 93.97 per litre, respectively. Similarly, diesel prices also were unchanged in
  • 5G to grow strongly despite radio component shortages: Report
    New York, May 30 (IANS): The market for radio components used in cellular user equipment grew in 2020 despite the pandemic and will continue to grow 8 percent per year through 2025, according to a new report. The radio component revenue reached an all-time high in 2020 and strong growth will continue, according to latest research from Strategy Analytics. The radio components include baseband processors, RF transceivers, power amplifiers, RF filters, switches, antenna tuners, drai
  • Hotter debates may stop brewing in Shimla's iconic Coffee House
    Shimla, May 30 (IANS): Hot coffee and hotter political debates may soon stop brewing in Shimla's iconic Indian Coffee House set up in 1962 as the tourism industry in Himachal Pradesh falls prey to Covid-19. The coffee house, that even saw Prime Minister Narendra Modi savour politics with the hot elixir, lost steam over the past 15 months after the pandemic outbreak and is on the verge of closure. "For the past one year we are unable to clear salary bills owing to non-ope
  • Samsung pips Xiaomi to grab 2nd spot in global wearables market
    Seoul/New Delhi, May 29 (IANS): Samsung Electronics took over Chinese brand Xiaomi to become the world's second-largest vendor of wearable devices in the first quarter of the year, a report has showed, on the back of its wireless earbuds sales. The South Korean tech giant moved ahead of China's Xiaomi for the first time to take the runner-up spot with a market share of 11.8 percent, which was up 0.6 percentage point from a year earlier, according to the latest report from ma
  • Govt's measures on GST exemptions will help common man: PHD Chamber
    New Delhi, May 29 (IANS): The PHD Chamber of Commerce and Industry has applauded the government's efforts towards providing relief to small tax payers by way of the amnesty scheme whereby they can file their pending returns and avail benefits of schemes. Sanjay Aggarwal, President, PHD Chamber, stated that small and medium businesses have been severely impacted due to the pandemic and by allowing them to file pending returns with reduced late charges, will encourage them to file
  • Bharti backed OneWeb successfully launches 36 more satellites
    New Delhi, May 29 (IANS): Bharti group backed OneWeb, the Low Earth Orbit (LEO) satellite communications company, on Saturday confirmed the next successful launch of 36 satellites by Arianespace from the Vostochny Cosmodrome. This launch brings OneWeb a step closer to completing its 'Five to 50' ambition and the start of commercial service by the end of the year. This latest successful launch brings OneWeb's total in-orbit constellation to 218 satellites. These will f
  • French Cos pledge support for India's health infrastructure
    New Delhi, May 29 (IANS): The Indo-French Chamber of Commerce & Industry (IFCCI) has raised over EUR 6.1 million (Rs 55 crore) from French companies based in India to support its ongoing fight against the Covid pandemic. As part of the French Solidarity Mission initiated by the French Government and implemented by the Embassy of France in India, majority of these funds have been committed to purchase and install at least 20 French oxygen generator plants in Indian hospitals.
  • Domestic air travel set to become costlier, govt raises lower limit on fares by 13-16 pc
    New Delhi, May 28 (PTI): Domestic air travel is set to become costlier as the Civil Aviation Ministry on Friday raised the lower limit on fares by 13 to 16 per cent, according to an official order. The increase in airfares will come into effect from June 1, it said. The upper limits on fares remain unchanged. The move is aimed at helping the airlines amid a devastating second wave of COVID-19 which has reduced air travel significantly. India had imposed lower and upper limi
  • Spanish sanitaryware major Roca plans Rs 50cr capex in India
    CHENNAI, MAY 28 (IANS): Spanish sanitaryware major Roca will be investing about Rs.50 crore in expansion while planning a greenfield project in 2024/2025 in India, said a top official of the Indian subsidiary Roca Bathroom Products Pvt Ltd. He also said the company is exporting to markets like Australia and others previously served by Roca's plants in China. "Our capex in 2021 will be Rs.50 crore to expand faucets and plastic products production capacities. We are also l
  • Samsung, LG extend LCD production amid panel price hike
    Seoul, May 28 (IANS): South Korea's two largest display panel makers -- Samsung Display and LG Display -- are extending their liquid crystal display (LCD) production, industry insiders said on Friday, as panel prices continue to rise on robust demand. Samsung Display CEO Choi Joo-sun recently told employees that the company is reviewing the possibility of extending large-size LCD panel production through the end of next year. The company originally planned to withdraw from th
  • OMCs delay petrol price climb to Rs 100/litre in Mumbai
    New Delhi, May 28 (IANS): The wait for retail price of regular petrol in the city of Mumbai to cross Rs 100 a litre mark, its highest level ever, has got a bit longer with Oil marketing companies (OMCs) deciding to keep fuel prices unchanged on Friday. But this wait has already ended for the city of Jaipur where with Thursday's fuel price hike, regular petrol is now being sold at Rs 100.17 per litre. Similar is the case with several towns and cities in Rajasthan, Madhya Pradesh
  • Wipro Enterprises closes hydraulic cylinder plant for three days
    Chennai, May 28 (IANS): Hydraulic cylinder maker Wipro Enterprises P Ltd has decided to stop production at its plant near here for three working days starting Friday. The company said it has decided to declare three days May 28, 29 and 31 (May 30 being Sunday) as no production days in order to break the Covid-19 spread chain and also to enhance the safety and wellbeing of all its stakeholders. The company worker's union United Labour Federation (ULF) has approached the Madras
  • DSU webinar on careers in aerospace engineering
    Bangalore, May 27 (MExN): Dayananda Sagar University, Bangalore in association with its industry partners will be hosting a virtual webinar on May 28 for aspiring students from XII/2nd PU – Science Streams on careers in aerospace engineering. The webinar will be held from 6:00 pm – 8:00 pm with the speakers including Dr K N B Murthy – Vice Chancellor, DSU; Dr B V N Ramakumar – Chairman Aerospace Department, DSU; Arvind Srinivas – Practise Consultant, 36