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Nasscom Advises E-Comm Laws To Be Rationalised Based on Activities, Limit Fallback Liability To Timely Refund
| Friday, July 23, 2021, 16:15 [IST]
Rationalising obligations in line with activities of relevant entities, and limiting fallback liability of online retailers to ensuring timely refund to consumers are among the recommendations suggested by Nasscom to the proposed e-commerce rules. The IT industry body on Friday said ...
P-Note Investment Continues To Rise, Hits 37-Month High in June
| Friday, July 23, 2021, 16:02 [IST]
Investments in the Indian capital markets through participatory notes (P-notes) rose to Rs 92,261 crore till the end of June, making it the highest level in 37 months. This also marks the third consecutive monthly growth. P-notes are issued by registered ...
Nearly 140 Phishing Incidents Recorded By CERT-In During H1 2021
| Thursday, July 22, 2021, 19:42 [IST]
Close to 140 phishing incidents were observed by CERT-In during the first half of 2021, Parliament was informed on Thursday. "As per the information reported to and tracked by the Indian Computer Emergency Response Team (CERT-In), activities of fraudulent emails, SMS ...
RBI Considering Launching A Digital Currency Pilot in Near Future: Dy Guv
| Thursday, July 22, 2021, 19:34 [IST]
The Reserve Bank is working on a phased implementation strategy for its own digital currency and is in the process of launching it in wholesale and retail segments in the near future, RBI Deputy Governor T Rabi Sankar said on Thursday. ...
Renewed Restrictions in India Impacted Sales in Q2 This Year: Unilever
| Thursday, July 22, 2021, 17:26 [IST]
Anglo-Dutch FMCG major Unilever on Thursday said the second wave of the coronavirus pandemic and subsequent restrictions in India impacted its sales in the country. The operating environment across its markets in H1 (January-June) has seen some improvements, but broadly it ...
7 in 10 Consumers in India Were Victims of Tech Support Scams Last Year, Highest Globally: Microsoft
| Thursday, July 22, 2021, 17:18 [IST]
India witnessed a relatively high rate of tech support scams at 69 per cent in the last 12 months - among the highest globally - with a significant increase seen in such scams stemming from unsolicited calls, a Microsoft survey said ...
India ‘Remains Challenging Place' To Do Business, Urges To Minimise Bureaucratic Hurdles: US
| Thursday, July 22, 2021, 11:32 [IST]
India "remains a challenging place" to do business, the US has said, urging it to foster an attractive and reliable investment climate by reducing barriers to investment and minimising the bureaucratic hurdles. The State Department, in a report '2021 Investment Climate ...
Indian Finance Ministry Is One of 25 Global Tax Experts Appointed To United Nations Tax Committee
| Thursday, July 22, 2021, 11:00 [IST]
Rasmi Ranjan Das, a Joint Secretary in the Ministry of Finance, is among a distinguished group of 25 tax experts from around the world appointed as members of the UN tax committee for the 2021 to 2025 term. The committee, formally ...
Japan's exports and imports surge amid world pandemic recovery
| Wednesday, July 21, 2021, 12:11 [IST]
Japan's exports in June jumped 48.6% from the year before, marking the fourth straight month of growth, the Finance Ministry said Wednesday. Imports for the month grew 32.7%, totaling 6.83 trillion yen (USD 62 billion). Exports for the month totaled 7.2 ...
ICICI Securities Q1 profit surges 61%; revenue up 37%
| Wednesday, July 21, 2021, 11:59 [IST]
ICICI Securities has reported a 61 per cent jump in profit after tax (PAT) to Rs 311 crore in three months ended June 2021 on account of growth in revenue and improvement in margins. In comparison, the company had posted a ...
41% of Small Traders, Startups And MSMEs Could Lose Their Livelihoods Because of The Draft Rules
| Tuesday, July 20, 2021, 16:48 [IST]
(Eds: Disclaimer: The following press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.) Bangalore, Karnataka, India - Business Wire India • New draft e-commerce rules can render 60 lakh ...
Swiggy Closes USD 1.25 Billion Funding Led By SoftBank Vision Fund 2, Prosus
| Tuesday, July 20, 2021, 14:08 [IST]
Food ordering and delivery platform Swiggy on Tuesday announced closure of USD 1.25 billion (approximately Rs 9,345 crore) funding led by SoftBank Vision Fund 2 and Prosus. As per sources, the closure of this round pegs the valuation of the company ...