Category: Business News
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Flipkart and Amazon’s Festive Sale
(Deepshikha Gautam, Intern Journalist) New Delhi: E-commerce companies are seeing a lot of sales as soon as the festive season starts. Walmart-owned e-commerce companies Flipkart and Amazon India have said that there have been good sales of vendors from Tier-2 and smaller cities in the early days of the festive season on their platform. In…
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Due to ‘digital’ payment, retail payments from checks came down to 2.96 percent
(Deepshikha Gautam, Intern Journalist) New Delhi: Positive results of digital payment and solution systems have been progressing rapidly. According to the latest data from the Reserve Bank of India, due to the encouragement of digital payments, the figure for retail payments through checks has come down considerably in the last financial year 2019-20. According to…
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Indian retail shopkeepers will give a blow to China
(Deepshikha Gautam, Intern Journalist) New Delhi: After the dispute with India on the border, China’s difficulties are increasing.After an all-round siege on behalf of the government, CAT, an organization of retail traders, has announced a campaign not to sell Chinese produce at festivals this time. The business class of the country under the banner of…
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Jobs for 9,000 freshers
(Milcah Anila, Intern Journalist) Mumbai: IT giant HCL Technologies has good news for its employees. IT companies recovering from the coronavirus epidemic are turning a blind eye to employees. HCL Tech is the latest in this line. HCL Tech CEO C .Vijay Kumar said the pay hike would be implemented in stages for employees at…
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RBI imposed a penalty of Rs 4.5 crore on IndusInd Bank
(Pooja Dubey, Intern Journalist) The Reserve Bank of India (RBI) has imposed a penalty of Rs 4.5 crore on IndusInd Bank. The bank was quick to follow some RBI instructions. The RBI, however, said that the validity of any transaction or agreement between the bank and the customer will be maintained as before. Last month, the RBI…
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Will retailers be happy on Diwali?
(Pooja Dubey, Intern Journalist) It is a festive season, but the market is missing its charm. Delhi’s Chandni Chowk, Karol Bagh, Khan Market, and Kolkata’s New Market, Dharmatalla have heard everything. There are no customers in the market, no festive frills. If anything, the businessmen sitting in the hope of selling, and these traders are eagerly waiting for…
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Diesel sales exceeded the pre-Covid level for the first time
(Pooja Dubey, Intern Journalist) The impact of the festive season on major diesel fuel is visible. For the first time since the lockdown, diesel sales in the country crossed the pre-Covid level. According to official sources, in the first fortnight (15 days) of October, diesel sales increased by 9 percent to 2.65 million tonnes over the same…
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Meet Sashidhar Jagdishan, new CEO of HDFC Bank
Sashidhar Jagdishan will assume responsibility as the CEO of HDFC Bank from 27 October. The Reserve Bank of India on 4 August affirmed the arrangement of Sashidhar Jagdishan as overseeing chief and (CEO) of HDFC Bank for a very long time. Jagdishan will supplant India’s longest-serving CEO, Aditya Puri. HDFC Bank on Saturday said that…
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Jet’s lenders approve Kalrock Capital-Murari Jalan’s plan to revive the airline
(Rishitha Jaladi, Intern Journalist)Delhi: The banks of Jet Airways (India) Ltd on Saturday endorsed the goal plan put together by UK-based Kalrock Capital and UAE-based business person Murari Lal Jalan to resuscitate and work the aircraft longer than a year after the transporter was grounded because of intense finances mash under the responsibility for organizer Naresh…