New Delhi (IANS) The contraction in India’s exports narrowed further in July, on a sequential basis, as the country shipped out merchandise worth $23.64 billion. The contraction, caused by Covid-19 pandemic, narrowed down to (-) 10.12 per cent in July from … read more
New Delhi (IANS) With a 47 per cent share, Amazon beat Flipkart to become the top online smartphone channel in India for the first time in the second quarter of this year, Counterpoint Research said on Thursday. While Flipkart’s share declined … read more
New Delhi (IANS) National carrier Air India has decided to close down five of its European stations to reduce costs and streamline operations in the Covid era. The airline will close down the Copenhagen, Vienna, Stockholm, Madrid, and Milan stations. The … read more
New Delhi (IANS) The sales contraction in the domestic passenger vehicles segment eased in July compared with earlier month, industry data showed on Tuesday. A total of 182,779 passenger vehicles were sold in July 2020 in India, 3.86 per cent lower … read more
Bengaluru (IANS) Online retail giant Amazon on Sunday launched an upgraded Amazon Easy store format that integrates multiple services through a single touchpoint. The upgraded format of Amazon Easy stores will offer a touch and feel product experience through a physical … read more
New Delhi (IANS) Finance Minister Nirmala Sitharaman on Friday said that scrutiny of tax return filers has declined since 2014, and only 0.25 per cent of the total number of filers were scrutinised in 2018-19. In her address at the virtual … read more
Mumbai (IANS) Despite a status quo in key lending rates, the Indian equity indices made healthy gains on Thursday. The gains came on the back of the Reserve Bank’s positive outlook and accommodative stance in its monetary policy decision. The equity … read more
Mumbai (IANS) With the economy going through a slowdown, the NITI Aayog is of the view that India’s GDP may contract around 5.1 per cent in the current fiscal. In a recent presentation to Prime Minister Narendra Modi and the Finance … read more
Bengaluru (IANS) Automobile manufacturer Toyota Kirloskar Motor reported a 40 per cent growth in wholesales in the month of July compared to June 2020. Accordingly, the company sold a total of 5,386 units in July 2020, from an off-take of 3,866 … read more
New Delhi (IANS) Disinvestment-bound Bharat Petroleum Corporation Ltd (BPCL) may buy out the entire stake of OQ, the erstwhile Oman Oil Company (OOC), in its refinery joint venture in Madhya Pradesh, the Bharat Oman Refineries Ltd (BORL). Government sources said that … read more