Page 28 - Companies

Next budget to benefit common people: VC Niti Aayog

New Delhi, Jan 8 (ANI): A conference is scheduled to be held by policy think tank Niti Aayog on January 10. Several leading economists will participate and give their views on ruling Government's last full time budget before 2019 general assembly elections. Vice Chairman of Niti Aayog Dr. Rajiv Kumar said the agenda of the meeting is to get views of the leading economists for making the budget relevant for economic activity of the country. Praising Prime Minister Narendra Modi, Kumar said populist budgets are never exercised for seeking votes by the current government. The next budget will be in favour of the common citizens of the country, he added.

Now, Puneites can get their food via Uber Eats

New Delhi, Jan 06 (ANI): Food delivery app Uber Eats has expanded its delivery services in Maharashtra's Pune along with many restaurant partners. Uber Eats announced that it would collect only Rs. 1 as delivery fee. "Pune, Uber Eats is now live in your city! Go ahead, get your favourite food delivered at Rs.1. No min. value," tweeted Uber Eats. It will provide its services to key neighbourhoods in areas, including Vimannagar, Kalyaninagar, Koregaon Park and Sangamwadi. Restaurants on Uber Eats will offer a variety of options, from fast food choices such as pizzas, burgers and pav bhaji, to sweet treats like Bharakwadi, Modaks, Irani custards and Shrewsbury biscuits. "Our aim is to help Puneites discover great food for their everyday practical eating needs through our restaurant partners and the Uber delivery network," said head of Uber Eats India, Bhavik Rathod. Uber, the cab-hailing services company, has expanded the UberEats service to Chandigarh, Chennai, Hyderabad, its seventh ci

India's GDP didn't face such reduction after demonetisation, GST as 1991's economic reforms, says NITI Aayog VC

New Delhi, Jan 06 (ANI): Giving example of 1991-92's economic reforms, NITI Aayog Vice-Chairman Rajiv Kumar stated that it's an achievement that even after huge reforms like GST and demonetisation, India's GDP didn't face such reduction as in the early 90's. Kumar said when Manmohan Singh brought reforms in 1991-92, the nation's GDP was reduced to 1.8 whereas after GST and demonetisation, India's current GDP is 6.5 percent. He added that in the near future, the GDP will rise to 7.5 or 8.0 percent.

Pearson India to display its digital learning solutions at World Book Fair

New Delhi, Jan 05 (ANI): Pearson, the world's learning company, would be featuring its finest and high quality prominent titles at the 46th edition of World Book Fair to be held from January 6 to 14. The visitors to the stall will have a chance to look at some of the prominent titles offered by Pearson covering a wide range of subjects and domains, including children's books, test preparation, higher education. In addition to the stall, Pearson will organise activities at the fair to engage with IIT aspirants. There will be a workshop on 'Tips and Techniques to Crack IIT JEE Examination' by author Sanjay Mishra. First slot will be about 'How to Crack IIT JEE Examination' followed by Open House and Quiz Competition. Students who aspire to go abroad for study will definitely have an exciting time at the stall, as Pearson would bring its experts who will take live sessions with the students on PTE Academic, which is world's leading computer based test of English for study abroad and immig

RBI unveils new Rs 10 banknotes

New Delhi, Jan 05 (ANI): New Rs 10 denomination was unveiled by the Reserve Bank of India (RBI) under the Mahatma Gandhi (New) Series on Friday. The new notes, measuring 63 millimeters to 123 millimeters are embossed with RBI Governor Dr Urjit Patel's signature and have motif of Sun Temple, Konark on the reverse. The obverse side of the note contains a see-through register with denominational numeral 10 and the same in Devnagari script. The base colour of the note is chocolate brown. The Central Bank, however, clarified that all the banknotes in the denomination of Rs 10 issued under the preceding series will continue to be legal tender.

Know how you can use social media to sell products

New Delhi: Social media has emerged to be a revolutionary tool in present times. From connecting long lost friends to linking professionals seeking employment, social media offers the best prospects for socialising with the world from the comfort of your couch. However, the benefits of social media are not limited to just networking. Today, it has become a significant channel for the brands, e-commerce platforms, and even independent sellers to connect with their target audience and conduct sales online. Even though this trend is spreading like fire, especially with the growth of e-commerce in India, there are still several tactics which can be practiced to multiply sales on social media.

Horticulture crop production rises to record-high of 300.6 million tonnes in 2016-17

New Delhi, Jan 03 (ANI): The production of horticulture crops was reported to be a record-high of 300.6 million tonnes in 2016-17, which is five per cent higher than the previous year, the Department of Agriculture, Cooperation, and Farmers Welfare reported on Tuesday. Further, productivity for horticulture sector increased by about 3.45 per cent in 2016-17 (Final Estimates), as compared to 2015-16, the data released noted. In fruits, the department revealed that the productivity increased from 14.3 Tonnes/Ha in 2015-16 to 14.6 Tonnes/Ha in 2016-17(Final), while in vegetables, it increased from 16.7 Tonnes/Ha in 2015-16 to 17.4 tonnes/ha. The production of fruits, the department noted, is estimated to be 93 million tonnes, which is three percent higher than the previous year. A record production of 178 million tonnes of vegetables was reported, which is about 5 per cent higher than the previous year. The production of fruits is estimated to be about 95 million tonnes, which is two per

Government announces 'Electoral Bonds' to ensure transparent political funding

New Delhi, Jan 02 (ANI): In a bid to ensure political funding, Union Finance Minister Arun Jaitley announced that the government has come up with a funding scheme that will provide a clean and transparent funding to political parties. Jaitley said that 'Electoral Bonds' is an alternative funding scheme in the wake of growing anonymous donations given by the individuals to the political parties. The bonds will be associated to only those parties which are registered under Election Commission and who have gained at least one percent of votes to show some amount of following. The political party must specify one bank account in which the bonds will be encashed which can be bought from specified branches of State Bank of India (SBI).

Startups to look for in 2018!

New Delhi, Dec 31 (ANI): The Indian startup ecosystem has been growing and acting more mature, strong and valuable. With the dawn of 2018, here are some startups that witnessed exceptional pace in reaching out to tier II and tier III cities. Roposo: India's one-of-a-kind 'TV by the people' - that allows users to express, connect, and interact to make the world sit up and take notice of how millennials celebrate their experiences, the digital way. Over the span of three years, Roposo saw its user base eventually grow to five million where users were creating content which belonged to a whole variety of genres ranging from fashion to food, travel, music, and many more. Netmeds: Leading online pharmacy that offers customers complete ease of shopping for medicines and other healthcare products through its 24x7 online portal. Netmeds has its roots in Vitalic which has been in the Pharma sector for more than 100 years. Credihealth: Medical assistance company, Credihealth leverages technology

Business honchos who quit their jobs in 2017

New Delhi, Dec 30 (ANI): Mounting legal and moral crises and a leadership drain, the Chief Executive Officer (CEO) of Uber, Travis Kalanick, was allegedly forced to step down following severe backlash from the company's shareholders, reported the New York Times. Uber Technologies Inc. has been privy to various scandals since it came to front as a global taxi service provider. Vishal Sikka resigned as the Managing Director (MD) and CEO of Infosys, citing 'continuous distractions' as the reason for his resignation in August this year. His resignation happened after a prolonged public battle with the company's founders. For 16 long years Jeff Immelt held the top post at the multinational General Electric (GE) before he finally stepped down in August of 2017. GE said his departure was planned years ahead. Immelt was said to be methodical when it came to investing in software to make industrial machinery run more effectively. PepsiCo India Holdings Pvt. Ltd's Chairman and CEO, D. Shivakumar

Taxpayers granted 10-day extension for filing GSTR-1

New Delhi, Dec 30 (ANI): In a decision that would provide relief to last-minute taxpayers, the Centre has decided to extend the last date for filing the Goods and Services Tax (GST) returns to January 10, 2018. In an official statement, the Ministry of Finance noted, "The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods has been extended to January 10, 2018." The deadline extension is applicable to registered persons having aggregate turnover of up to Rs 1.5 crore in the preceding financial year or the current financial year, who will file quarterly returns in FORM GSTR-1 for the period July-September, 2017. It is also applicable to registered persons having aggregate turnover of more than Rs 1.5 crore in the preceding financial year or the current financial year, who will file monthly returns in FORM GSTR-1 for the period July-October, 2017. The deadline for the aforementioned cases was December 31.

Apple slapped with lawsuits for slowing down aging iPhones

New Delhi, Dec 28 (ANI): Apple is facing at least eight lawsuits, all of which claim Apple deceived iPhone users by slowing the processing speed of older models of the phone to compensate for poor battery performance. The class-action suits - filed in U.S. District Courts in California, New York and Illinois - seek to represent potentially millions of iPhone owners nationwide. It argues that Apple's software 'tweak' may have led iPhone owners to misguided attempts to resolve issues over the last year. Apple has not yet commented on the filings. Last week, Apple admitted operating system updates released since 'last year' for the iPhone 6, 6s, SE and 7 included a feature to quote, 'smooth out' power supply from poorly performing batteries. One of the lawsuits, filed Thursday in San Francisco, contends that Apple tried to MASK the battery defect. The lawsuits seek unspecified damages and in some cases reimbursement.

Paytm becomes India's first payment app to cross 100 million downloads on Play Store

New Delhi, Dec 27 (ANI): India's largest mobile-first financial services platform Paytm, on Wednesday, announced that its app has crossed 100 million milestone on Google Play Store in the second week of December 2017. This makes Paytm the country's first payments app to cross the 100 million downloads mark. Paytm is charting the next chapter of its growth from being a pioneer in mobile payments to becoming a mobile-first financial services company, which offers banking, lending, insurance, and payments. The platform allows users to do online recharges and bill payments, book movie tickets, do travel bookings among others.

Lendingkart Finance raises Rs. 25 crore cash credit from SBI

New Delhi, Dec 27 (ANI): Lendingkart Finance Limited on Wednesday announced that it has raised Rs. 25 crore in cash credit facility from State Bank of India towards growing the loan book. As the company expands its reach to over 950 cities across the country, these funds will come in handy to widen Lendingkart Finance's offerings to SMEs country-wide. Presently, Lendingkart Finance has disbursed over 20,000 loans to more than 12,000 SMEs across 23 diverse sectors.

Venezuelans queue up outside ATMs amid cash crunch

Venezuela, Dec 27 (ANI): As the cash crunch continues to prevail in Venezuela, the citizens were forced to line up in long queues outside banks and ATMs around Caracas just to be able to access cash. As the country's economy and oil revenue continues to decline and inflation continues to rise, these scenes are becoming commonplace. Strict exchange controls in Venezuela over the last 15 years have made access to dollars very limited. Many merchants started charging in dollars or their black market equivalent - making it more difficult for Venezuelans to access basic goods and services. The increase in these prices made for scanty Christmas celebrations as there were shortages of pine trees, toys, meat, chicken and cornmeal. As the country's economy and oil revenue continue to decline and inflation continues to rise, such scenes are becoming commonplace.

India to surpass France, Britain to emerge as world's fifth-largest economy soon: Cebr

New Delhi, Dec 27 (ANI): Soon after the Sensex scaled new heights and reached 34,005.37, and the Nifty50 rose to a lifetime high of 10,515.10, Centre for Economics and Business Research (Cebr) consultancy's 2018 World Economic League predicted that India is all seat to overtake Britain and France to become the Fifth Largest economy of the world. Consultancy's 2018 World Economic League Table's analysis takes cheap energy and technology prices in account to assess the growth. India is a part of the trend which indicates dominance of Asian countries in top 10 largest economies over the next 15 years.

Market ends at record high, Sensex surpasses 34,000 mark

Mumbai, Dec 26 (ANI): With only a few days left for the year 2018 to ring in, the markets on Tuesday surprised the street by creating history as the Sensex surpassed Mount 34000 for the first time to hit a fresh record high of 34,005.37, while the Nifty50 rose to a lifetime high of 10,515.10. With almost 40 stocks rising in the range of 30 percent to 60 percent from October 25 to December 22nd, 2017, over 347 stocks gave positive returns in the S and P 500 index. Stocks such as 8K Miles (up 67 percent), Minda Industries (up 62 percent), Praj Industries (up 59 percent), Polaris Consulting (up 59 percent), HEG (up 49 percent) etc. among others created the maximum high.

Patanjali signs pact of Rs 671 Crore for Chhattisgarh food processing unit

New Delhi, Dec 26 (ANI): Baba Ramdev and Acharya Balkrishna's Patanjali ayurved Ltd is one of the three companies that signed a MoU (Memorandum of Understanding) with Chhattisgarh government to set up processing units in the state. The pacts were signed Sunday night with Patanjali in Raipur at the residence of Chhattisgarh Chief Minister Raman Singh. Patanjali's 500 acres of agriculture and herbal processing unit would be set up in Bijetala village of Rajnandgaon district. The processing units are expected to create 24,000 jobs directy or indirectly in the state.

Honda aims to establish electric car battery plant in India

New Delhi, Dec 25 (ANI): Japanese multinational Honda Motor Co. Ltd intends to set-up a lithium ion battery manufacturing unit in India. It attempts to profit from the proliferating and potentially lucrative electric vehicle (EV) opportunity in the country. The Indian subsidiary of Honda Japan is in the process of devising an EV strategy in line with the Prime Minister Narendra Modi-led government's mission to switch to all-electric cars by 2030. The idea is to reduce greenhouse gas emissions as part of the global agreement on climate change. Next in action will be to identify the type of electric vehicles the company would want to make locally. Honda aims to comprise 65% of the company's overall sales with electric cars by 2030. Presently, the Indian unit is Honda's fourth largest after those in the US, China and Japan, with regard to total vehicle sales. Earlier this year, Honda Motor settled to form a joint venture with Hitachi Automotive Systems Ltd to develop motors for electric v

Reliance aims to become big clean energy provider: Ambani

Mumbai (Maharashtra), Dec 24: Reliance Industries Ltd's Chairman Mukesh Ambani said that the company will become a major provider of clean energy in the country. This comes as the South Asian nation transitions to renewable energy sources from fossil fuels. India is one of the world's biggest users of coal, and renewable energy and Prime Minister Narendra Modi's government has emphasised on use of solar power. "Can Reliance become a leading provider of clean and affordable energy to India? Yes we can and yes we will," Ambani said at a function on Saturday to mark 40 years of the company. Reliance is the owner of the world's biggest refining complex and also a leading petrochemicals player. It expanded its tie-up with the BP earlier this year to meet India's rising fuel and renewable energy demand. Ambani further hoped that Reliance can also be a global producer of innovative materials and among the top 20 companies in the world.