Cigarette Factories Close Over larger Pictorial Warnings On Packs

Cigarette Factories Close Over larger Pictorial Warnings On Packs

Saturday, April 2nd, 2016 | Posted in Business Featured News | by

As bigger pictorial warnings on tobacco products became mandatory from today, cigarette companies announced they were stopping production, citing “ambiguity” on the issue. The move will result in an estimated loss of Rs. 350 crore a day in turnover for the tobacco industry. “Owing to ambiguity on the policy related to revision of graphic health […]

New lending rates structure may make your Short-term loans cheaper

New lending rates structure may make your Short-term loans cheaper

Friday, April 1st, 2016 | Posted in Business News | by

In what comes as good news for borrowers, short-term loans are set to become cheaper as several banks are slated to shift to new lending rates effective from Friday. The banks will fix interest rates on the basis of a calculation called marginal cost of funds. In effect this means that short term loans could […]

 New e-commerce rules hurt consumers by 'Death to discounts'

New e-commerce rules hurt consumers by ‘Death to discounts’

Thursday, March 31st, 2016 | Posted in Business News | by

E-retailers, like Flipkart, Amazon and Snapdeal may now find it difficult to provide lucrative discounts to attract customers as the new guidelines on online marketplaces prohibit such players to influence the prices of goods and services. While the government permitted 100 per cent foreign direct investment (FDI) in marketplace e-commerce retailing, the guidelines stated that […]

Vijay Mallya submits Rs 4000 crore repayment plan to Supreme Court

Vijay Mallya submits Rs 4000 crore repayment plan to Supreme Court

Wednesday, March 30th, 2016 | Posted in Breaking News Business News | by

The Supreme Court was told on Wednesday that beleaguered liquor baron Vijay Mallya has on Wednesday morning offered to pay Rs.4,000 crore for settling outstanding dues against the grounded Kingfisher Airlines on account of loans extended to it by a consortium of 13 banks headed by the State Bank of India The apex court bench […]

Don’t target my son Siddharth: Vijay Mallya

Don’t target my son Siddharth: Vijay Mallya

Wednesday, March 30th, 2016 | Posted in Business News | by

Liquor baron Vijay Mallya who is facing charges of money laundering has come out in defence of his son saying that Siddharth must not be targeted or be dragged into any controversy as he had absolutely no connection with his father’s ‘business’ ”My son Sid does not deserve all this hatred and abuse. He has […]

FBI hacks San Bernardino attacker’s iPhone , ending legal action

FBI hacks San Bernardino attacker’s iPhone , ending legal action

Tuesday, March 29th, 2016 | Posted in Breaking News Business News | by

The FBI has unlocked the iPhone used by one of the San Bernardino attackers, officials said, ending a heated legal standoff with Apple that had pitted US authorities against Silicon Valley. Apple, backed by a broad coalition of technology giants like Google and Facebook, was fiercely opposed to assisting the US government in unlocking the […]

Pay dues honourably or face coercive action: Arun Jaitley to Vijay Mallya

Pay dues honourably or face coercive action: Arun Jaitley to Vijay Mallya

Monday, March 28th, 2016 | Posted in Breaking News Business News | by

In a stern warning to wilful defaulters like Vijay Mallya, Finance Minister Arun Jaitley said they should settle their dues honourably with the banks or else be ready to face “coercive action” by lenders and investigative agencies. “I don’t want to make any comments on individual cases but I think it’s a responsibility of large […]

Twitter war : Flipkart’s Sachin Bansal locks horns with Snapdeal’s Kunal Bahl

Twitter war : Flipkart’s Sachin Bansal locks horns with Snapdeal’s Kunal Bahl

Saturday, March 26th, 2016 | Posted in Business Featured News | by

Businessmen competing for capturing the market often make fun of each other, but sometimes the fight becomes ugly and creates a nuisance. Same happened with co-founder of India’s largest online retailer Flipkart Sachin Bansal when he tried to take a jibe at his competitor Snapdeal and Paytm. Pointing fingers at Alibaba, Bansal had tweeted, “Alibaba […]

Mallya case cannot undo good work done by corporates, says Nirmala Sitharaman

Mallya case cannot undo good work done by corporates, says Nirmala Sitharaman

Saturday, March 26th, 2016 | Posted in Business News | by

Corporate misconduct happens all over the world and one episode of liquor baron Vijay Mallya cannot undo the good work done by domestic and international companies in India, Commerce Minister Nirmala Sitharaman said on Friday. “All over the world, corporate misconduct happens. You have heard of so many different stories all over the world… it […]

Corporate Affairs Ministry to launch new MCA21 portal

Corporate Affairs Ministry to launch new MCA21 portal

Thursday, March 24th, 2016 | Posted in Business News | by

Seeking to provide improved services to the stakeholders, the Corporate Affairs Ministry will soon launch the new MCA21 portal, which allows electronic filings of various documents under the Companies Act. The portal is the key platform for companies to submit the required documents and filings. Besides, it provides public access to corporate information.According to a […]

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