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₹2,400. While all the arguments so far suggest that India massaged the truth to its benefit, the main thrust of the piece is that the India achieved its success through “gratuitous acts of coercion." This, the article suggests, ought not to have been the case—that we should have, instead, allowed the free play of market forces. It is this top-down approach—this “unnecessary paternalism"—that it comes down hardest on.

Cloudtail India, once among the largest sellers on Amazon India online marketplace, reported an 84% year-on-year plunge in operating revenue in FY23 to Rs 2,977.8 crore, as it stopped selling on the platform to fall in line with the regulations, according to filings made with the Ministry of Corporate Affairs, sourced from company intelligence platform Tofler. “During the financial year ended on March 31, 2023, the board of directors in its meeting held on March 17, 2022, approved the cessation of business-to-consumer (B2C) business of the company on or prior to April 23, 2022, which was followed by shareholders’ approval in its extraordinary general meeting held on March 19, 2022. Accordingly, the company ceased to carry its B2C business with effect from April 23, 2022,” the filing said.

Siemens AG, German multinational technology conglomerate plans to make India hub for mass transit solutions, company executives said today. «The $3 billion large order (from Indian Railways) that we won, will for sure accelerate component and locomotive manufacturing here,» said Peter Koerte, Chief Technology Officer and Strategy Officer, Siemens AG, adding that Siemens also has a site where it develops a lot of infrastructure solutions and wants to use India as a hub for mass transit solutions which is a huge opportunity. Early this year, Siemens signed a Rs 26,000 crore ($3.25 billion) contract with Indian Railways to supply and service electric locomotives for freight movement in India. The deal is the biggest locomotive deal in the history of Siemens Mobility and the single largest order for the company in India. As part of the agreement, Siemens will deliver 1,200 electric locomotives of high capacity 9000 horsepower (HP) and also provide servicing for 35 years to the Railways.The deliveries would be undertaken over an eleven-year period. Siemens said it has engineering capacities in India (30 factories) and wants to build and look at how it can develop this further for the region. «We already have the Pune-Hinjewadi project with the Tatas.

instant personal loans that are just a click away. But what often stands between you and this simplified financial nirvana is a three-digit number—your credit score. So, how significant is a credit score when it comes to qualifying for an instant loan in India? Let's delve into the nitty-gritty of it.

₹9.57 trillion after refunds in the current financial year, as of 9 October. This was 21.8% higher than the net collections made in the same time a year ago. Prior to refunds, the tax authority collected ₹11.07 trillion so far this year, nearly 18% more than what was collected at the same time a year ago.

With a strong emphasis on prioritizing the ultimate consumer experience, Terrific Minds designs customized solutions utilizing leading-edge platforms such as VTEX. Since 2015, the company has been working with global businesses to reimagine their ecommerce and deliver 10 times value across all domains - be it web design, app development or workflow management.

Shoogloo Group launches its new venture Broadband.asia in India, Singapore, UAE, Saudi Arabia, Kuwait, Bahrain, and Qatar. Broadband.asia, a one-of-a-kind online comparison website, is designed to filter, select, and compare broadband plans based on users’ preferences. By personalizing broadband plans, Broadband.asia helps consumers meet their internet demands. Users can now search for plans available in their area, decide on the price range and features to find an internet plan that meets all their needs.

India, October 10, 2023: In a rapidly evolving job market where technology and innovation have become the cornerstones and industries are at the cusp of a fundamental technological tilt towards emerging technologies, the need for upskilling and reskilling has never been more critical. The job sector is undergoing a major overhaul, with the demand for new and updated skills increasing rapidly. With more and more companies adopting new-age tools and technologies such as Artificial Intelligence (AI), Big Data, Machine Learning, and Cloud Computing among others, the training and skilling paradigm of jobseekers has changed, which in turn has opened up significant scope for diversified avenues that can provide an uninterrupted pool of ready-to-hire talent.

₹6 lakh per ODI ( ₹3 lakh if not part of playing XI) Australian players get A$15,000 ( ₹8 lakh) per match Indian players also have annual retainer contracts in crores, depending on their grade (A+ contracts are worth ₹7 crore, A worth ₹5 crore and so on) Australia too has retainer contracts in place, but the value is not known South Africa has retainer contracts (but no per-match fee) Disney Star (previously Star India) secured exclusive media rights for the ICC World Cup 2023, under a pact valued at $2.02 billion covering 2015-2023. The ICC projects returns surpassing $500 million from this year's World Cup alone.

The Terra Luna Classic price has just about risen by 0.5% in the past 24 hours, yet its current level of $0.00005632 represents an 8% decline in a week.

Fibe, (formerly known as EarlySalary) and Axis Bank have partnered to launch India’s first-ever numberless credit card for tech-savvy Gen Zs. With a numberless credit card, customers get an added level of security as there is no card number, expiry date or CVV printed on the card plastic. This reduces the risk of identity theft or unauthorised access to customer’s card details ensuring absolute security and privacy. 

By Srinath Sridharan

The cryptocurrency industry has been battered by the collapse of crypto exchange FTX and the fraud allegations surrounding it, as well as implosions at other big crypto players. For the firms that remain standing, growing regulatory pressure means there is a stronger need than ever for compliance talent. Given the reputational and financial hits to the industry in the past year, attracting legal and compliance workers to work for crypto firms is challenging, say those hiring for positions in the industry.

Kicked off in November 2022, up to 30 banks, working in concert with infrastructure providers Bizum, Iberpay and Redsys, ran a PoC with the aim of undertaking an in-depth analysis of the technical, operational and business implications of the digital euro and its co-existance with existing payment instruments. The tests encompassed various use cases for digital euro payments, including person-to-person transactions and payments in both online and physical commerce.The consortium say the results point the way to a digital euro design that would leverage existing payment rails and value-added services, such as the Spanish instant payment platform Bizum."In particular, Bizum would be prepared to interconnect with other potential European services.

women students in Jaipur's Maharani College, Congress leader Rahul Gandhi revealed why he is not getting married, his favorite food, and his views on various issues. The videos of interaction was released on his social media platforms on Tuesday.

fintech startup Fibe (formerly known as EarlySalary) said on Tuesday that it has partnered with Axis Bank to launch a numberless credit card. The card is powered by RuPay, which allows the customer to link it with the Unified Payments Interface (UPI) system.

India's space economy has the potential to reach USD 44 billion by 2033 with about eight per cent of the global share. Presently, the country's share in the global space economy is 2 per cent, said a top government official on Tuesday.

FedEx Express has announced a new automated e-commerce capability in FedEx Ship Manager™ (FSM) which supports small businesses and e-commerce merchants in India. The new service by FedEx Express, a subsidiary of FedEx Corp, is aimed at efficiently managing business' shipments online.

cryptocurrency markets were trading in the red on Tuesday amid geopolitical tensions in the Middle East. Bitcoin was down 0.7% at $27,660, while Ethereum was below the $1,600 level. Meanwhile, the global cryptocurrency market cap declined 1.24% to around $1.08 trillion in the last 24 hours. Other crypto tokens also declined. XRP, Solana, and Dogecoin fell by over 2%. While Toncoin, Polygon, and Polkadot plunged over 3%. «Bitcoin’s price is consolidating above the $27500 mark due to long liquidations following the rising geopolitical tensions in the Middle East and an uptick in oil prices. Bitcoin’s value has currently risen by 66.62% over the year. If the markets turns bearish, Bitcoin will find support at around $27,195,» said Edul Patel, CEO of Mudrex.

Key Takeaways

Key Takeaways