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Australian regulator to probe Facebook, Google over media disruption

  05-Dec-2017

Australia’s traditional media companies have been squeezed by online rivals as advertising dollars have followed eyeballs to digital distributors. Australia’s competition regulator said on Monday it would investigate whether social networking platforms Facebook and Google have disrupted the news media market to the detriment of publishers...

E-tailers click B-towns for sales push

  04-Dec-2017

Stagnation of demand from urban markets is pushing top e-tailers in the country to lean on tier II and tier III towns to boost sales. Not only revenue, 'sourcing' from small towns has also increased to around 40% by value for most e-commerce companies from around 10% two years back, according to Shankar Ranganathan, AVP of Invest India, the...

India is biggest importer of U.S. oil refinery by-product ‘petcoke’

  04-Dec-2017

Petroleum coke, banned in the NCR, is a leftover from refining Canadian tar sands crude; it releases more carbon and health-damaging sulphur than coal does U.S. oil refineries that are unable to sell a dirty, fuel waste product at home are exporting vast quantities of it to India instead. Petroleum coke, the bottom-of-the-barrel leftover...

Snapchat CEO takes a dig at Facebook and Twitter, reveals design overhaul

  02-Dec-2017

Evan Spiegel, co-founder and CEO of Snap Inc which is the parent company of popular photo-sharing platform Snapchat, has announced redesigning the app while taking a dig at rival platforms Facebook and Twitter. The company is redesigning its app to separate media and social communications, making it easier to use and understand, Spiegel wrote...

GST expanded market space, reduced tax compliance burden on traders: FM

  02-Dec-2017

Finance Minister Arun Jaitley on Friday said the Goods and Services Tax (GST) has made doing business easier for traders by expanding the market place and reducing tax compliance burden. He further said that the two structural reforms -- GST and demonetisation -- will benefit the economy in the medium and long-term. "GST has made doing...

Global Entrepreneurship Summit 2017 Day 2: Ivanka Trump wraps up visit; speakers pledge women...

  01-Dec-2017

The second day of the 8th Global Entrepreneurship Summit in Hyderabad on Wednesday started with sessions on 'Women can do it!' and 'Innovations in Workforce Development and Skills Training', which focused on the summit theme of 'women first, prosperity for all'. Industry leaders from all walks of life discussed ways to boost women participation in...

India's Q2 GDP growth jumps to 6.3 per cent, breaks five-quarter slide

  01-Dec-2017

India's economic growth bounced back in the July-September quarter to reverse a five-quarter slowdown as businesses overcame the teething troubles of the newly launched goods and services tax (GST) regime and shock demonetization of high-value currency. Gross domestic product (GDP) grew 6.3 per cent in the second quarter of 2017-18, its fastest...

The worst may be over - Indian economy

  30-Nov-2017

India’s economic growth is set to rebound after decelerating to 5.7% in the quarter ended June, the slowest pace in three years, as the disruptive effects of the withdrawal of high-value banknotes in November 2016 and the 1 July switch to the goods and services tax (GST) fade. Gross domestic product (GDP) will grow 6.4% in the July-to-September...

IFC invests $15 million in CleanMax Solar

  30-Nov-2017

NEW DELHI: Reaffirming its green credentials, the International Finance Corporation (IFC) has made an equity investment of USD 15 million in CleanMax Solar. This is IFC's first equity investment in grid-connected distributed generation globally, an official statement stated today. CleanMax Solar, a leading sustainability partner for large...

Twitter admits to revealing location of users without their permission

  29-Nov-2017

Twitter users have reportedly tweeted about the privacy issue last week Micro-blogging site Twitter has admitted that specific locations included with some of its users' tweets were revealed without their permission last week due to a "bug". "We've discovered an issue for a small percentage of people who recently had location-sharing on,...

GES 2017: Invest in India-for India, says Modi; Ivanka bats for women power

  29-Nov-2017

GES co-hosted by India-US, which is being attended by 1,500 entrepreneurs, investors and eco-system supporters from 159 countries A three-day international summit of entrepreneurs started here on Tuesday with Prime Minister Narendra Modi hard selling India and inviting investors from across the globe to invest in India taking advantage of a...

7th pay commission: Deputation allowance for central government employees doubled to Rs 4,500

  28-Nov-2017

The deputation allowance given to central government employees has been increased by over two-fold to Rs 4,500 from the existing Rs 2,000 per month, according to an order issued by the personnel ministry. The move is based on the recommendation of the 7th central pay commission. "In case of deputation within the same station, the deputation...