Chennai (Madras)
In the last Budget, the Centre had announced that the FDI limit would be raised from 49 per cent to 100 per cent for insurance intermediaries like aggregators, brokers, marketing firms and corporate agents.
Irdai’s FDI norms puzzle insurance cos
07 Nov 2019 3:30 AM

According to industry experts, the companies could find it difficult to comply with these norms.

Flipkart opposed the petition under the Insolvency and Bankruptcy Code, contending that it is a profit-making company with sufficient financial strength. It also contended that CloudWalker has failed to produce Purchase Orders or invoices to support the claim.
Karnataka High Court stays insolvency move against Flipkart
07 Nov 2019 1:32 AM

The NCLT accepted the petition filed by Mumbai-based CloudWalker Streaming Technologies, an LED TV supplier to Flipkart.

US Food and Drug Administration
Cadila Healthcare’s Moraiya facility gets FDA warning letter
05 Nov 2019 1:54 AM

The letter is based on the Corrective and Preventive Action submitted by Cadila to the observations raised by USFDA.

Non-life AUM too is expected to grow by 15 to 16 per cent from Rs 1.7 lakh crore to Rs 3.85 – 4.15 lakh crore in the next 5 to 6 years. The new annualized business premiums of life insurance sector and gross premiums of non-life will also grow at a similar pace.
Insurance AUMs can double in 5 years with digitisation
02 Nov 2019 2:04 AM

Non-life AUM too is expected to grow by 15 to 16 per cent from Rs 1.7 lakh crore to Rs 3.85 – 4.15 lakh crore in the next 5 to 6 years.

Further, average monthly wage of a worker in the organised manufacturing sector rose to Rs 12,405 during FY16-18 from Rs 4,006 during FY01-FY05. However, the wage growth has slowed down lately.
Labour productivity at multi-year low
02 Nov 2019 2:02 AM

As per the data, labour productivity grew at an average annual rate of 3.7 per cent during the financial year 2016-2018.

Creation of bullion banks is one of the key recommendations made by the trade as part of the proposed framework of Gold Policy. (Representational image)
Bullion banks would create 25,000 jobs: WGC
01 Nov 2019 2:26 AM

While existing commercial banks can have separate bullion banking operations, new bullion banks can also be created.

The FHRAI had alleged that the companies have been offering the hotel rooms at less than the “average room rate”.
CCI to open probe against MMT-Go, Oyo
30 Oct 2019 4:55 AM

MMT-Go and Oyo contested the allegations and described them as contractual disputes.

“The online grocery segment has been one of the fastest-growing e-commerce verticals in India and will continue to flourish in both metro and non-metro cities in the years to come,’ said Hari Menon, Co-Founder and CEO, BigBasket.com. However, each channel will serve a different need of the customer and hence keep growing.
Modern, online grocery to increase market share
29 Oct 2019 1:43 AM

Online grocery sites will meet the needs for generic categories like staples, snacks, biscuits and body care products.

Jewellery spends accounted for 15 per cent of the total volume of transactions and 22 per cent of the value of transactions through credit and debit cards, as per the data from payment processing company Worldline India.
Dhanteras: Ticket size of jewellery purchases shrinks
29 Oct 2019 1:42 AM

However, the value remained almost constant despite the rise in prices of gold and silver.

The government had increased the import duty on edible oil to protect the domestic industry. The duty-free imports are negating the advantage of customs duty increase on edible oil, which was imposed to help farmers realise remunerative prices. (Representational Image | PTI)
Illegal edible oil imports on rise
01 Oct 2019 1:45 AM

The government had increased the import duty on edible oil to protect the domestic industry.


3 of 65