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How to link your mobile number to Aadhaar

  20-Nov-2017

All mobile users need to link their Aadhaar card with their mobile SIM cards by February 6, 2018, as per a government directive. Now for the ease of mobile phone subscribers, the government has introduced new methods to link the SIM with Aadhaar. In fact, mobile SIM-Aadhaar linking has been fully automated now. Come December 1, mobile...

Govt's next mega mission: 1 billion UIDs, 1 billion accounts, 1 billion mobiles?

  18-Nov-2017

Seeing the Moody's upgrade, preceded by a 30-spot jump in 'ease of business' rankings, as an endorsement of major initiatives like demonetization, GST and Aadhaar+ , the government is set to pursue an unique and ambitious "1 billion-1 billion-1 billion" connectivity vision. This means one billion unique Aadhaar numbers, linked to one billion...

Apparel exporters meet PMO to voice concerns over GST

  18-Nov-2017

Apparel exporters' concerns over the goods and services tax (GST) were broached in front of the Prime Minister's Office (PMO), as representatives meeting officials on behalf of the exporters insisted on the extension of rebate on state levies (RoSL) and a duty drawback. Both demands were pitched for a temporary period until issues related to the...

Reliance Retail is planning to disrupt India’s ecommerce scenario

  17-Nov-2017

After shaking up India’s telecom industry, the Reliance Group could re-cast the country’s ecommerce leader board next. The retailing arm of India’s most valuable company by a distance is poised to make a major foray into ecommerce early FY19, selling mobile phones, consumer electronics, fast-moving consumer items, food and grocery in...

Business climate will remain muted till March 2019: L&T CEO SN Subrahmanyan

  17-Nov-2017

India’s business environment will remain subdued and challenging until March 2019, with good growth likely only after the next general elections, engineering major Larsen & Toubro’s chief executive SN Subrahmanyan said. In an interview with ET, Subrahmanyan also raised concerns about state firms in the defence sector, which he said could...

Aluminium Producers’ SOS: We Need Coal. Now

  16-Nov-2017

India’s top aluminium producers stare at losses as a coal shortage at their captive power plants threatens to shut down smelters at a time when global metal prices are the highest in three years. Most smelters face electricity shortfall as plants are operating at half a day’s coal stock, according to the Aluminium Association of India. The...

Indian retail market expected to reach $1 trillion by 2020

  16-Nov-2017

The Indian retail market is expected to grow over 60 per cent to hit USD 1.1 trillion in the next three years, said a joint report by Assocham and MRRSIndia.com. This growth in retail market will be led by factors such as change in lifestyle and rising income middle class, which helped the FMCG industry to grow at a rapid speed over the past...

Canada urges WTO deal on e-com, SMEs

  15-Nov-2017

Canada will pitch for a global deal to boost trade involving e-commerce and Small and Medium Enterprises (SME) besides norms that will help eliminate gender barriers to trade, at the World Trade Organisation’s (WTO) Ministerial Conference to be held next month. The Ministerial Conference is the WTO’s highest decision-making body. In an...

Gionee to launch M7 Power in India today

  15-Nov-2017

Joining the bandwagon to launch bezel-less (edge-to-edge) display devices, Chinese smartphone maker Gionee will launch "M7 Power" on November 15. Introduced in September in China and other markets, the mid-price segment device is the first product from the Gionee stable to have a Full-View Display, industry sources told IANS. The variant...

India to overtake Japan to become third largest economy by 2028

  14-Nov-2017

India is likely to achieve strong growth over the next decade and will overtake Japan in nominal GDP by 2028, to emerge as the world's third largest economy, says a foreign brokerage report. The country has already overtaken Brazil and Russia to emerge as the second largest BRIC economy after China and is well on track to cross France and...

"India's technology requirements for electric vehicles different from that of the West"

  14-Nov-2017

The automotive industry is on the throes of a major disruption over the next decade through electrification of vehicles, connected cars and intensification of the use of artificial intelligence. While that opens up opportunities for some, it would also mean existing players would need to adapt and adjust. The challenge for Bosch, world's largest...

Post tax rate cut, FMCG firms set to reduce prices

  13-Nov-2017

Prices of shampoo, chocolates, nutrition drinks and condensed milk are set to drop 5-15% after the GST Council eased these from higher tax slabs. Companies such as Hindustan Unilever, Dabur, Amul, GlaxoSmithKline, Procter & Gamble, Nestle and Perfetti Van Melle said they have either decided to reduce prices or are planning to do so after the...