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Ola restructures foodpanda biz; to focus on expanding kitchens

Ola restructures foodpanda biz; to focus on expanding kitchens

Ola is restructuring its food delivery platform foodpanda to focus on building a portfolio of its own as well as curated food brands through...
Future Consumer reports Q4 profit of Rs 7.53 crore

Future Consumer reports Q4 profit of Rs 7.53 crore

Future Consumer Ltd, part of Kishore Biyani-led Future Group, Wednesday posted a consolidated profit of Rs 7.53 crore for the quarter ended March 2019. The...
IAMAI slams GST, says it spells doom for e-retailers

IAMAI slams GST bill, says it spells doom for e-retail

Internet and mobile industry body IAMAI representing giants like Google, Flipkart, Facebook, and Airtel Money on Monday slammed proposed Goods and Services Tax Bill saying it fails to recognise...
Hindustan Unilever Ltd to pay Rs 27 lakh for misleading customers

Hindustan Unilever Ltd to pay Rs 27 lakh for misleading customers

Delhi State Consumer Commission has imposed a penalty of Rs 27 lakh on Hindustan Unilever Ltd for playing a fraud on its customers by...

No tax levy if cash payment for goods, services is less...

CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the...
TataCLiQ.com signs up 12 global brands to sell on its platform

TataCLiQ.com signs up 12 global brands to sell on its platform

Tata group's e-commerce venture TataCLiQ.com has partnered with 12 international brands, including New Look, Oasis, Lipsy London, Phase Eight, Hawes & Curtis, to sell...
Asian Paints to invest Rs 4,000 crore in new units at Karnataka, AP

Asian Paints to invest Rs 4,000 crore in new units at...

Asian Paints Ltd is investing around Rs 4,000 crore on setting up two manufacturing plants in Karnataka and Andhra Pradesh, although it has cautioned...
These decisions were announced earlier in the week with a view to make India more investor friendly and an attractive FDI destination.

Government notifies changes in FDI policy

The government today notified changes in the foreign direct investment (FDI) policy in sectors including pharmaceuticals, defence and single-brand retail. These decisions were announced earlier...
Bandaru Dattatreya asks Telangana government to submit new textile proposals

Bandaru Dattatreya asks Telangana government to submit new textile proposals

Union Minister Bandaru Dattatreya asked Telangana government to submit new proposals to strengthen textile and handloom industry in the state. "The Centre has earmarked Rs...
Textile machinery industry doesn't see much impact from Brexit

Textile machinery industry doesn’t see much impact from Brexit

Textile machinery manufacturers' body India ITME Society does not see any immediate threat from Brexit, its Chairman Sanjiv Lathia has said. "England is not a...