Page 18 - Video Gallery

China says it imposed tariffs on US duties to protect national interest

China, Apr 04 (ANI): China said it has imposed tariffs on 128 U.S. products ranging from wine to oranges in order to 'balance the losses' caused by U.S. duties. U.S. producers, South Korea and Canada have been granted exemptions from steel and aluminium duties. But China has not been included in the list though it is a relatively small supplier to the United States.

Indraprastha Gas Limited hikes CNG, PNG prices

New Delhi, Apr 02 (ANI): Following a recent notification from the government increasing the prices of domestically produced natural gas, Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., Bharat Petroleum Corporation Limited (BPCL) and government of National Capital Territory (NCT) of Delhi, on Sunday announced a revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). This revision in prices would result in an increase of 90 paise per kg in the consumer price of CNG in Delhi and Re 1 per kg in Noida, Greater Noida and Ghaziabad. The price of CNG being supplied in Rewari is being increased by 95 paise per kg from Rs 50.67 per kg to Rs 51.62 per kg. However, IGL will continue to offer a discount of Rs 1.50 per kg at the selling prices of CNG for filling between 12.30 am to 5.30 am at selected outlets.

Mystery Rooms to invest Rs 30 million, launch 25 new outlets

New Delhi, Apr 02 (ANI): Homegrown gaming experience hub, Mystery Rooms, announced the company's plans to invest Rs. 30 million in 2018 towards opening of over 25 new stores, and hiring approximately 100 employees. Mystery Rooms, already available in 15 cities and within the next quarter, will be launched in Noida, Mumbai and Lucknow. "Adventure gaming is on the verge of becoming a national phenomenon and at Mystery Rooms, we take pride in bringing the concept of real-life escape games to the country and spread it over 15 national cities," said Sapna Bhutani, CEO and co-founder, Mystery Rooms. "By 2019, Mystery Rooms aims to have presence across 25 cities, and we will be investing Rs 30 million towards expansion," Sapna added. Mystery Rooms offers six interesting games including The Hurt Locker: A bomb defuse challenge, Lock Out: A prison break challenge, Abduction: A final hour and Cabin in the wood, among others.

E-way bill for smooth inter-state goods movement rolls out

New Delhi, Apr 02 (ANI): An inter-state expressway (e-way) bill system was rolled out on Sunday in order to facilitate smooth movement of goods around the country. The e-way bill system, which became mandatory from Sunday, was introduced as per the Goods and Services Tax (GST) Council. The implementation of the nationwide e-way bill mechanism, under the GST regime, is being done by the Goods and Services Tax Network (GSTN) in association with the National Informatics Centre (NIC) and is being run on the portal- ewaybillgst.gov.in. It is being heralded a paradigm shift in inter-state goods movement. The trial run for e-way bills under the current GST regime started earlier on January 16 this year. A total of 10, 96, 905 taxpayers have registered on e-Way Bill Portal till date. Further 19,796 transporters, who are not registered under GST, have enrolled themselves on this Portal. 1,71,503 e-waybills were successfully generated on the portal from 0000 hours till 1700 hrs today itself. To

Reliance Jio announces 12 month extension of benefits to Prime members

New Delhi, Mar 31 (ANI): Reliance Industries Limited's telecom venture Reliance Jio announced a year-long extension of benefits to its Jio Prime members at no additional fee. As per an official statement from the firm, all Jio Prime members who have subscribed to the exclusive membership benefits until March 31 this year, will get another year of complimentary benefits at no charge. For new Jio users, the Jio Prime membership will continue to be available at an annual membership fee of Rs 99, the statement noted. In order to avail extended benefits, existing Jio Prime members may download the MyJio app and register for complimentary membership for the next 12 months. Moreover, Jio Prime members joining on or after April 1 will be required to pay Rs. 99 during on-boarding for the annual subscription. Jio Prime was launched last year, whereby customers subscribed to the services on or before March 31 were asked to pay one-time fee of Rs 99 to avail benefits.

Kraftly set to reach 250,000 sellers by FY19

New Delhi, March 31 (ANI): Leading seller tools platform Kraftly on Friday announced that it is poised to meet a remarkable milestone of reaching 250,000 sellers by the end of FY 2018-19. In doing so, the company will have showcased a Compound Annual Growth Rate (CAGR) of nearly 85 percent in terms of sellers on-boarded for the period between FY 2015-2016 and FY 2018-19. By simplifying the process of setting-up a store online, the company has promoted online product commerce amongst SMEs and entrepreneurs. The company's solutions help new and experienced sellers sell products online across multiple channels, which drive greater sales, sustainable success and empower their business and brand. With the recent launch of the Kraftly Ads Network to simplify paid digital promotions and online campaign building for sellers, Kraftly is fostering the innovation and modernisation of the Indian seller ecosystem. At the end of 2016, the company had just over 40,000 sellers on its platform; today,

ICICI issues clarification on penalty by RBI

New Delhi, Mar 30 (ANI): ICICI Bank issued a clarification after the Reserve Bank of India (RBI) imposed penalty on it. In a statement, ICICI Bank said it gives utmost importance to regulatory compliance and ensuring compliance with all directives, guidelines and observations by RBI. It added that RBI has imposed a penalty on the Bank for continued sale of government securities classified as HTM. Earlier in the day, the RBI imposed monetary penalty worth Rs. 58.9 crore on ICICI Bank for failing to abide by rules on the sale of bonds in the held-to-maturity (HTM) category.

RBI imposes Rs 58.9 crore penalty on ICICI bank

New Delhi, Mar 29 (ANI): The Reserve Bank of India (RBI) on Thursday imposed monetary penalty worth Rs. 58.9 crore on ICICI bank for failing to abide by rules on the sale of bonds in the held-to-maturity category. The RBI has imposed penalties under provisions of section 47A(1)(c) and section 46(4)(i) of the Banking Regulation Act, 1949. The country's largest private sector bank apparently defied regulatory compliance. It also failed to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Amazon to sell groceries in France with Monoprix

New Delhi, Mar 28 (ANI): Amazon.com signed a deal to sell Monoprix's upscale grocery goods in Paris, Fred Katayama reports. Monoprix will become the first French retailer to sell groceries via Amazon. A dedicated virtual store will make available Monoprix's goods via the Amazon Prime Now app or website. For now, sales will be limited to the greater Paris market, but Monoprix wouldn't rule out broadening the deal to other parts of France. The move follows Amazon's purchase of organic foods chain Whole Foods Market in the U.S. and a deal to sell goods from the British supermarket chain Morrisons. Amazon's stock rose at the market open Tuesday. Shares of the owner of Monoprix, Casino, soared amid speculation that the Amazon move could lead to a bigger deal.

GSK buys out Novartis in $13 billion shake-up

New Delhi, Mar 28 (ANI): GlaxoSmithKline said on Tuesday it will buy Novartis's 36.5 percent stake in their consumer healthcare joint venture for $13 billion in cash, and will also begin a strategic review of ome other businesses. GSK's CEO says the deal will boost adjusted earnings and cash flows, helping advance efforts to improve performance. While Switzerland's Novartis says the timing was right to divest a non-core asset.

HandM Q1 profit plunges, more price cuts ahead

New Delhi, Mar 28 (ANI): HandM on Tuesday warned that high inventories will carry price cuts into the second quarter, after the clothing retailer reported a 61 percent plunge in first quarter profit hurt by price cutting. HandM had already warned it may not be pretty Markdowns due to weak demand in HandM's main brand stores would hit earnings, it said in February. Then came a quarterly sales fall of two percent. And now the clothing retailer has reported a 61 percent plunge in first quarter profit to 154 million dollars. Inventories had risen by a bigger-than-expected seven percent. And attempts to adapt to shoppers moving online meant 2018 was becoming 'a transition year'. HandM stock has fallen by more than a half since November 2016.

Facebook shares tumble as FTC announces probe

New Delhi, Mar 27 (ANI): Regulators and more companies are taking action against Facebook. The Federal Trade Commission says it opened a non-public investigation in the social network's privacy practices. In Germany, the Justice Minister met with Facebook executives and the Cartel Office is probing the use of data Facebook culls from partner websites. The news sent Facebook's beleaguered shares down more than 5 percent on March 26.

Uber to sell Southeast Asian business to Singapore-based rival

New Delhi, Mar 26 (ANI): Amid fierce competition, ride-hailing app Uber is reportedly selling its Southeast Asian share of the business to Grab, its Singapore-based competitor. The deal, which was signed for an undisclosed amount, will leave Uber with a 27.5 percent stake in Grab under the agreement. The deal also includes the sale of all of Uber's operations in the region, including its food delivery service, Uber Eats, thus helping Grab venture into the food delivery space. The move follows a massive investment that was made in Uber earlier this year by Japan's SoftBank Group, who has also invested a significant share in Grab, China's Didi Chuxing and India's Ola. In 2016, Uber had sold its China operations to Didi Chuxing in a landmark deal that was perceived to be the end of Uber's vision to dominate one of the world's largest markets.

US President Donald Trump sets China tariff plan

New Delhi, Mar 23 (ANI): US President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of imports from China. The restrictions will target 1,300 Chinese products, everything from shoes and clothing to electronics. China has already said it will defend itself with "all necessary measures", raising fears of a trade war between the world's two biggest economies. Trump also asked the Treasury Department to impose restrictions on Chinese investment in American companies.

Z-Com, DU launch collaborative project of manufacturing Wi-Fi devices

New Delhi, Mar 22 (ANI): Global IT solution provider Z-Com has partnered with University of Delhi to launch their collaborative project of design, development, and manufacturing of Carrier Grade Wi-Fi devices in India under the Make in India Campaign. At present, the project will unveil two of its products including outdoor access points and indoor access points for Wi-Fi. The software handling the process is managed by the research and development cell of Delhi University. The one-of-its-kind collaborative project between industry and academia aims at promoting the Prime Minister's 'Make in India' initiative and develop India as the manufacturing hub of the entire worldwide.

IndiGo rejects report of partnership to bid for Air India

New Delhi, Mar 22 (ANI): Budget carrier IndiGo on Wednesday rejected the report of collaborating with Qatar Airways to bid for Air India. IndiGo in a statement clarified that there are no ongoing discussions of such nature. As per some media reports, IndiGo and Qatar Airways were likely to make a joint bid for Air India. IndiGo is owned by Interglobe Aviation Ltd, while Qatar Airways is owned by the Government of Qatar.

NITI Aayog partners with Piramal Foundation to transform 115 aspirational districts

New Delhi, Mar 21 (ANI): The NITI Aayog and Piramal Foundation entered into an agreement to work to transform 115 'aspirational Districts' across the country in terms of healthcare, education and nutrition. They will work closely with the District Collectors and Key officers of these districts. Earlier this year, NITI Aayog ranked 115 aspirational districts selected by the Government on six socio-economic parameters, pertaining to health and nutrition, education, financial inclusion and skill development, agriculture and water resources and basic infrastructure. The government's think tank also highlighted multiple challenges across indicators that need to be disentangled, in order to transform these aspirational districts across India.

Google to turn searches into cash

New Delhi, Mar 20 (ANI): Alphabet's Google wants to take a cut of each purchase of Target, Walmart, and Costco products listed on Google Search, Google Express and Google Assistant. Google is teaming up with stores like Target, Walmart, and Costco. It lets them list their products on Google Search, Google Express and Google Assistant. In return, it gets a cut of each purchase. For consumers, it means one shopping cart and an instant check-out. Google says its new program, called Shopping Actions, helps retailers sell more on desktops, cell phones and smart home devices with voice search, the next frontier for e-commerce. Google also says, it gives retailers a leg-up in competition with Amazon. Retailers that use Shopping Actions say they've already seen a jump in an average order value.

Mahagram, TJS Bank partner to integrate Bharat Bill Payment System

New Delhi, Mar 17 (ANI): Mahagram, a FinTech company has announced its partnership with Thane Janta Sahakari Bank Ltd. (TJS Bank) for integrating the Bharat Bill Payment System (BBPS). This has come after Mahagram's payment services amalgamated with the BBPS monitored by the National Payment Corporation (NPCI). Mahagram has a digital financial services platform known as "eGramTM" that has brought a payment revolution by delivering an integrated range of services on a robust transaction platform. Aiming at BBPS, Mahagram is trying to resolve difficulties by assisting in a number of services to people's doorsteps. Like digital payment industry it offers services to help India go cashless.

Shares of Siemens medical equipment 'Healthineers' witness significant rise

New Delhi, Mar 17 (ANI): Shares of German Conglomerate Company Siemens medical equipment unit 'Healthineers' shares witnessed a significant surge of six percent during morning deal. The Initial Public Offering (IPO) of Healthlineers has marked as one of the biggest listings in recent years. Siemens presently sells 15 percent stake in world's largest maker of medical imaging equipment. Healthineers's equity is valued around Euro 28 Billion.