Business

DAINIK NATION BUREAU Benchmark equity indices ended marginally higher after a choppy session Tuesday, with investors largely remaining on the sidelines as the RBI’s monetary policy review meeting got underway. Lack of cues from overseas markets also affected the momentum, traders said. After a subdued opening, the 30-share Sensex ended 34.07 points, or 0.09 per cent, higher at 36,616.81. Similarly, ...

The revenue department will put in place within two years a mechanism to ensure that all returns are processed within 24 hours and refunds issued simultaneously, an official said. The government has already sanctioned Rs 4,200 crore last month for upgradation of information technology infrastructure of Central Board of Direct Taxes (CBDT) for processing returns, refunds, faceless scrutiny and verification. ...

In order to ensure due compliance of the FDI policy on e-Commerce, Press Note 2 (2018) has been issued. It puts in place certain conditions. These conditions include: An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to ...

If you are waiting for a huge discount for shopping on e-commerce websites like Flipkart and Amazon, then there is some disappointing news for you. From midnight on the night of January 31, there will be a curb on E-commerce companies from running bumper discounts offered to customers during online shopping festivals. The revised guidelines for the e-commerce companies with ...

DAINIK NATION BUREAU Jet Airways CEO Vinay Dube told its employees on Thursday that the situation of the crisis-ridden airline might get tougher and asked them to be patient. In an email to the employees, Dube said, “It might get tougher before it gets better, and our ascendancy will be gradual, but collectively, with your unstinted support and commitment, we ...

The data leak case of India’s largest bank State Bank of India has emerged. According to a report by American Tech Website TechCrunch, the bank’s server was without password. For this reason information of millions of customers can be accessed. This bank’s server is in the Mumbai based data center. This data center has 2 months of data stored in ...

The company named Samy Informatics has claimed to launch 32-inch Android Smart TV for Rs 4,999. It is an Indian and it has been told that this TV has been launched under Make in India and Start Up India. It has been claimed that this TV is made in India. The launch event was organized at the Constitution Club of ...

The domestic equity market took a breather Tuesday after a five-day rising spree as investors booked profits in metal, financials and auto counters, amid weak cues from international markets after IMF lowered its global growth projections for 2019 and 2020. The 30-share BSE Sensex dropped 134.32 points to end at 36,444.64, while the broader NSE Nifty finished 39.10 points lower ...

DAINIK NATION BUREAU Gujarat Cooperative Milk Marketing Federation Limited (GCMMF), which owns dairy brand Amul, has sent a legal notice to Google India on fraudulent practices it claims to have found being carried out by individuals and organisations using the latter’s platform. The notice was issued to Google India Pvt Ltd on January 10 regarding individuals/organisations using the Google platform ...

DAINIK NATION BUREAU A consortium of banks led by State Bank of India has agreed to provide finance for Chief Minister Devendra Fadnavis’ pet Nagpur-Mumbai `Samruddhi Corridor’ expressway project, a top official said Wednesday. SBI has agreed to lend the highest amount, Rs 8,500 crore, said Bhushan Gagrani, principal secretary in the Chief Minister’s Office. “Other lenders include Punjab National ...