Business

  • Honda to enter mid-size 350-500 cc motorcycle segment, unviels H'ness-CB350
    NEW DELHI, SEPTEMBER 30 (IANS): Honda Motorcycle & Scooter India (HMSI) will enter the mid-size 350-500 cc motorcycle segment in India. Accordingly, the company unveiled 'H'ness - CB350', which will be launched later in October. The new offering will be the third BS-VI model from the company's 'BigWing' portfolio which is the exclusive premium bike vertical. It is expected to be riced around Rs 1.90 lakh. "At the heart of 'H'ness - CB35
  • Govt extends annual GST return filing date by one month
    NEW DELHI, SEPTEMBER 30 (IANS): The Centre has given more time to taxpayers in yet another compliance measure as it extended the due date to file GSTR-9 and GSTR 9C for 2018-19 by a month on Wednesday. The GST annual return in the two forms was to be filed by September 30, 2020. This now stands extended till October 31. As the decision is coming when elections in Bihar have been announced, the Central Board of Indirect Taxes and Customs (CBIC) took approval of the Election C
  • NewsMobile and FakeNet AI win IFCN-Facebook global challenge
    NEW DELHI, SEPTEMBER 30 (IANS): NewsMobile along with its tech partner FakeNet AI at the University of California, Berkeley, were declared winners of a global innovation challenge that focused on fact-checking. NewsMobile is the only organisation from Asia and among a the five winners globally to win the coveted innovation challenge. The challenge focused on how technology can improve fact-checking, in round 2 of the Fact-Checking Innovation Initiative. "The winners were
  • Airtel launches cybersecurity services for businesses
    NEW DELHI, SEPTEMBER 30 (IANS): Bharti Airtel on Wednesday announced the launch of Airtel Secure, a suite of advanced cybersecurity solutions for business customers. As part of Airtel Secure, the company also launched its Security Intelligence Centre in the National Capital Region. This facility will offer its tracking services to businesses of all sizes -- from large enterprises to small and medium businesses -- on a 24/7 basis. Gopal Vittal, MD and CEO (India and South Asia), B
  • Amazon introduces new way to make people pay with their palm
    SAN FRANCISCO, SEPTEMBER 29 (IANS): Amazon on Tuesday introduced a contactless way for people to use their palm to make everyday activities like paying at a store, presenting a loyalty card, or entering a location like a stadium. Called, Amazon One, the service uses custom-built algorithms and hardware to create a person's unique palm signature. "We'll start in select Amazon Go stores, where Amazon One will be added to the store's entry gate as a convenient choic
  • Xiaomi's Mi India forays into smart home category in India
    NEW DELHI, SEPTEMBER 29 (IANS): Xiaomi subsidiary Mi India on Tuesday forayed into the smartwatch and smart speaker categories, along with launching other affordable smart home products for the India market ahead of the festive season. The Mi Watch Revolve wearable, that comes for a starting price of Rs 10,999, will be available for Rs 9,999 till Diwali while Mi Smart Speaker will cost Rs 3,999. 'With 'Smarter Living 2020', we are getting into newer categories - smart
  • Samsung partners Microsoft to scale enterprise 5G deployment
    NEW DELHI, SEPTEMBER 29 (IANS): Samsung on Tuesday announced a collaboration with Microsoft on an end-to-end, Cloud-based private 5G network solution to drive innovation that lowers the barrier to entry for deployment of private 5G networks in enterprises. Through a Cloud-based approach to the market, the companies said they aim to achieve greater cost efficiencies in 5G deployments. Samsung is a pioneer in the successful delivery of 5G end-to-end solutions ranging from chipset,
  • Bounce back: Mother Dairy sees revival, plans more health-based products
    NEW DELHI, SEPTEMBER 29 (IANS): Diversified FMCG major Mother Dairy foresees business revival as the demand contraction triggered due to Covid-19 pandemic weans-off. Talking to IANS, Mother Dairy Fruit & Vegetable's Managing Director Sangram Chaudhary not only disclosed an upbeat sense of demand revival but al so cited the company's plans to launch new health-based products. "With the unlock phases, things are gradually coming back in place a nd we are positive t
  • Mukesh Ambani tops IIFL Hurun Rich List for 9th straight year with Rs 6.58L Cr asset
    NEW DELHI, SEPTEMBER 29 (IANS): Mukesh Ambani, Chairman of Indias most valued firm Reliance Industries, continues to top the IIFL Wealth Hurun India Rich List 2020 for the ninth consecutive year, with a total wealth of Rs 6.58 lakh crore. His total wealth has surged by 73 per cent in the last 12 months, propelling him to become the richest individual in Asia and fourth richest person in the world. Indians with more than Rs 1,000 crore wealth cross the 828-mark in the 2020 edition
  • Amazon Prime Day to take place October 13-14
    SAN FRANCISCO, SEPTEMBER 28 (IANS): Amazon has announced that it will hold its much-awaited annual sale event Prime Day on October 13-14, putting an end to uncertainties surrounding the event amid the Covid-19 pandemic. This year's event will feature "incredible savings and deep discounts" on more than one million deals across every category, Amazon said on Sunday. Last year, the sales holiday was conducted in mid-July, but the pandemic this year disrupted its sched
  • Corporate vultures eying small banks, merge LVB with govt bank
    CHENNAI, SEPTEMBER 28 (IANS): The Reserve Bank of India (RBI) should take a prompt and correct action of merging the 93-year-old Lakshmi Vilas Bank (LVB) with a nationalised bank, a top leader of one of the largest bank unions said. "There are a number of corporate vultures that are circling the small-old generation private banks for a take over. These regional banks have their own tradition and culture and taking them beyond certain borders and expanding their size will result
  • Paytm dares Google, brings back Cricket League with UPI cashback
    NEW DELHI, SEPTEMBER 28 (IANS): Home-grown financial services platform Paytm, which was briefly removed from Google Play Store for alleged policy violations earlier this month, said on Monday that it has brought back the Paytm Cricket League with UPI cashback and scratch cards. Now, users can collect stickers of their favourite cricket stars as they pay digitally for their mobile bills, recharges, buying groceries or money transfers, Paytm said. Once they complete a set, they can
  • Fake currency notes worth Rs 1 crore deposited in RBI
    Lucknow, Septemer 28 (IANS): Fake currency notes worth Rs one crore have been deposited in various banks which then deposited the same in the Reserve Bank of India. The assistant manager of Reserve Bank of India in Lucknow's Metropolitan Kotwali has filed a complaint after fake notes worth Rs one crore were deposited in several banks between 2017 and 2018. Assistant manager Ranjana Maravi said that 15,436 fake notes were deposited in the currency chest of the Reserve Bank of
  • Electronics body seeks deferral of TCS implementation to FY22
    NEW DELHI, SEPTEMBER 28 (IANS): The India Cellular and Electronics Association (ICEA) has written to the Finance Minister seeking postponement of the implementation of the Tax Collected at Source (TCS) to April 1, 2021. TCS is scheduled to come into effect on October 1. In its letter to Finance Minister Nirmala Sitharaman, the industry body has cited likely cash flow implications, clashing with the TCS implementation with the roll out of the mandatory GST e-invoicing norms among
  • Domestic gas prices may rise as govt explores floor price mechanism
    NEW DELHI, SEPTEMBER 28 (IANS): CNG and piped natural gas prices could face an increase this festive season if the government implements a new floor price mechanism for gas produced from domestic fields by companies such as Oil and Natural Gas Corporation (ONGC). Sources said the petroleum ministry is considering a proposal under which domestic gas will have a floor pricing that would prevent fuel prices from crashing below an identified threshold in the current subdued market condi
  • NABARD gives clean chit to Reliance Commercial Finance (RCF)
    NEW DELHI, SEPTEMBER 28 (IANS): The government owned NABARD which has an over Rs 1,000 crore exposure to Reliance Commercial Finance (RCF) has said that no element of fraud was found in the forensic audit report of Grant Thorton. NABARD is the second largest lender to RCF with over Rs 1,100 Crore of secured loan exposure has given a clean chit to RCF and has removed its red flag. NABARD is a part of the Consortium of Lenders and is signatory to an Inter Creditor Agreement (ICA) e
  • SBI waives processing fee on select retail loans
    NEW DELHI, SEPTEMBER 28 (IANS): To enlarge retail loans and online business, lendin g major SBI on Monday announced a 100 per cent waiver in the processing fee for "Car, Gold, and Personal loans" availed through its integ rated digital banking platform - YONO. "The bank is offering the lowest interest rate starting from 7.5 per cent to customers opting for the car loan. They will also get 100 per cent o n-road finance on select models," the lending major said in
  • Flipkart Wholesale announces 1st 'Big Festival Month' fashion sale
    Bengaluru, September 28 (IANS): Flipkart Wholesale, the digital B2B marketplace of Flipkart Group for kiranas and MSMEs, on Monday announced 'Big Festival Month' from September 29 to October 31 where over 95 per cent products sourced locally will be made available on the platform. The sale will feature products in fashion categories across more than 50 brands, more than 100 sellers and one lakh members, the newly-launched B2B marketplace said in a statement. Flipkart last
  • Airtel narrowing gap with Jio on 4G in India: Report
    New Delhi, September 28 (IANS): Airtel has come closer to challenging Reliance Jio which continues to reign supreme on 4G availability and 4G coverage experience in India, says a new report by mobile analytics company Opensignal. While the average proportion of time that Jio users spent connected to 4G has increased by 0.5 of a percentage point since the last report to reach an impressive 98.7 per cent, Airtel saw its score increase by 1.1 percentage points. "As a consequenc
  • Diesel prices down for 3rd straight day
    NEW DELHI, SEPTEMBER 27 (IANS): Diesel prices continued to dip for the third straight day on Sunday on the back of subdued crude oil prices globally. In the national capital, diesel was priced at Rs 70.80 per litre, 14 paise down from Rs 70.94 a litre on Saturday. Similarly, its price fell in the other metros as well. In Mumbai, Chennai and Kolkata, the fuel was sold at Rs 77.22, Rs 76.27 and Rs 74.32 respectively on Sunday, compared to the previous levels of Rs Rs 77.36, Rs 76.4