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    Amazon And Flipkart Clock Rs 31,000 Crore In Festive Sales

    India's top two online retailers Amazon And Flipkart clocked combined sales of Rs 31,000 crore ($4.3 billion) during the crucial 15-day festival period in October, as per a report by Red-Seer. The number fell short of analyst expectations of $5 billion in sales. The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, reflecting that customers bought...

    • 16 hrs ago
  • News

    J-PAL South Asia Partners With Government Of Odisha To Maximize Impact Of Anti-Poverty Programs

    Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia co-founded by Nobel Laureates Abhijit Banerjee and Esther Duflo signed a Memorandum of Understanding (MoU) with the Government of Odisha to engage in a strategic evidence-based approach to policymaking in order to maximize the impact of state anti-poverty programs across a wide range of sectors....

    • 16 hrs ago
  • News

    Sensex Ends 72 Points Lower; Yes Bank Drops 4%

    Market benchmark Sensex dropped by 72 points to close at 40,284.19 on Monday due to losses in private banks, IT and energy stocks amid concerns over the economic slowdown.The 30-share index had opened on a firm note but turned negative in afternoon session due to profit booking in IT, banking and oil and gas stocks.Similarly, the broader NSE Nifty slipped 10.95 points, or 0.09 per cent, to end at...

    • 16 hrs ago
  • News

    IT Companies May Shed 30,000-40,000 Mid-Level Staff: Pai

    India's information technology services companies may shed 30,000 to 40,000 middle-level employees this year as growth slows down, IT industry veteran T V Mohandas Pai said Monday. The former Chief Financial Officer of IT major Infosys Ltd termed these job losses as a once-in-five-years normal phenomenon with maturing of the industry. "As in all sectors in the West, in India too...

    • 16 hrs ago
  • News

    India Says E-cigarette Ban Implies Use Of Devices Also Prohibited

    The Indian government has told a court that its federal ban on the sale of electronic cigarettes implies that their use is also prohibited, legal documents seen by Reuters showed, in a further clampdown on the devices. Citing health risks, India in September banned the import, manufacture, sale, advertisement, storage and distribution of e-cigarettes, dashing future plans of...

    • 16 hrs ago
  • News

    Boeing Close To Winning Order For 737 MAX From Turkey's SunExpress

    Boeing is close to a deal to sell some 737 MAX aircraft to Turkish carrier SunExpress, industry sources said on Monday. Boeing declined to comment. SunExpress, a subsidiary of Turkish Airlines and Lufthansa did not respond to a request for comment. Boeing was due to make an aircraft order announcement later on Monday at the Dubai Airshow but the details could not immediately be...

    • 16 hrs ago
  • News

    GSK Consumer Healthcare Launches Active Horlicks To Combat Fatigue In Adults

    GSK Consumer Healthcare has extended the brand Horlicks, India's leading Health Food Drink (HFD) into adult segment with launch of its new variant Active Horlicks. Active Horlicks is conceived with a vision of catering to growing demand for nutritional requirements, of the modern-day adults with demanding schedules and little time in hand to address their dietary...

    • 17 hrs ago
  • News

    Govt-recognised Startups Nearly Triple Under Modi's Startup India

    Startup India programme launched by Prime Minister Narendra Modi in January 2016 to support start-ups underneath the Department for Promotion of business and Internal Trade (DPIIT) is recognising twenty-six startups on a daily basis. "With twenty-six startups being recognised by @DIPPGOI daily, #NewIndia is quickly growing as a startup hub!," government investment...

    • 17 hrs ago
  • News

    Gold Prices Fall Rs 85 On Weak Global Trend

    Gold fell by Rs 85 to Rs 38,775 per 10 gram on Monday, tracking weak international prices, according to HDFC Securities. On Saturday, the yellow metal had closed at Rs 38,860 per 10 gram. "Spot gold prices for 24 Karat in Delhi were trading lower by Rs 85 on strangled spot demand and weak international prices. The weakness in the rupee, which fell around 7 paise against the dollar during the day,...

    • 18 hrs ago
  • News

    UK India Business Council Launches Socio-Economic Impact Campaign

    The UK India business Council has launched a campaign to highlight the importance of the socio-economic contribution that UK businesses make in India. This campaign is being delivered in partnership with the United Nations Development Programme and will map the activities of businesses and universities against the UNs' Sustainable Development Goals. Key findings and...

    • 19 hrs ago

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