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News Xiaomi To Bring Smart Tvs In India Under Redmi Brand
Chinese tech major Xiaomi will soon introduce smart TVs under the 'Redmi' brand in India as it looks to further expand its position in the burgeoning smart TV segment in the country. Speaking to PTI, Xiaomi India Category Lead (Smart TV) Eshwar Nilakantan said when the company had introduced its smart TVs in 2018, its aim was to increase the smart TV penetration in the country and...
- 50 min ago
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News India To Appeal Against Arbitration Decision Questioning Authority To Tax
India's finance minister on Friday said New Delhi will appeal against the arbitration decision questioning the authority of the country to levy tax, when asked about a retrospective decision on Cairn Energy Plc. Nirmala Sitharaman was speaking to reporters in New Delhi. In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and...
- 55 min ago
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News Auto Industry Bodies Recommend Incentivising Enhanced Domestic Value-Addition, Localisation
Automobile and auto components industry bodies SIAM and ACMA on Friday recommended incentivising enhanced domestic value-addition and localisation to leverage on the USD 25 billion import substitution opportunity but said the production linked incentive (PLI) scheme should not cannibalise existing exporters by incentivising new players. In a presentation...
- an hour ago
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News ICICI Bank Cuts Home Loan Rate To 6.70 Per Cent
ICICI Bank on Friday cut interest rate on home loans to 6.70 per cent, at par with market leader SBI, as part of a limited period offer. The second largest private sector lender said the interest rate offering, which is valid till March 31, is the lowest in a decade. Over the last week, there have been a slew of similar announcements by lenders on interest rates which were at 16-year-low at the...
- an hour ago
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News GST Officers Arrest Two For Passing Bogus ITC Worth Rs 392 Cr To Essel Group Cos
GST officers have arrested two persons for passing on bogus input tax credit (ITC) of over Rs 392 crore from non-existent firms to Essel Group companies without actual supply of any goods or services. The officers of the Central Goods and Services Tax (CGST) Commissionerate, Delhi (East), unearthed a network of fictitious companies being operated by Naresh...
- an hour ago
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News Women Fund Managers Tally Improves In MF Space; Still 8 % Of Industry Count: Report
India has witnessed an increase in female representation in the fund managers space, although women still account for a meagre 8 per cent of the total number of fund managers in the country's asset management industry, a report by Morningstar showed on Friday. Of the 376 fund managers, 30 are women, who are managing funds either as primary or secondary...
- an hour ago
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News Vahan places 5000 blue-collar workers per month through WhatsApp
Vahan, an AI-enabled livelihood platform, today announced that it has reached a significant milestone of providing employment opportunities to over 1 lakh blue-collared professionals through its WhatsApp API enabled chatbot called Mitra. With an increase of 400% since 2020, these workers have been placed in several blue/grey-collared jobs in sectors such as logistics, delivery, and...
- 2 hrs ago
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News Coal India Board Approves Second Interim Dividend Of Rs 5 Per Share
State-owned CIL on Friday said its board has approved payment of second interim dividend of Rs 5 per share for 2020-21. Coal India Ltd (CIL) has fixed March 16 as 'Record Date' for the purpose of payment of second interim dividend on equity shares for 2020-21, the PSU said in a filing to BSE. 'The board of Directors in its meeting held on Friday, the 5th...
- 2 hrs ago
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News Delhi Police Special Cell Busted Major Terror Networks, Averted Terror Attacks, Countered Narco Terrorism
Spearheading their ongoing operations against terrorism the Special Cell of Delhi Police received path breaking success in important arrests of terrorists and countering narco terrorism. The Special Cell in their annual report mentioned that Delhi has been safe from any terror incident 2012 and that shows the counter terror structures and...
- 2 hrs ago
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News OPEC Ignores India's Call; Saudi Asks New Delhi To Use Cheap Oil It Bought Last Yr
International oil prices rose after OPEC and its allies ignored India's plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the most widely used benchmark, on Friday rose nearly 1 per cent to USD 67.44 a barrel after the Organization of the Petroleum Exporting Countries...
- 2 hrs ago
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