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A recent ‘Unisys Security Index 2020’ report that measured the concern among consumers about personal financial security, found that bank card fraud through unauthorised access to individual’s credit and debit card details and concerns around banking and shopping online was amongst the top problems globally. — Representational image/DC

People’s carelessness blamed for card theft

Around 33% of Indian consumers store their bank account, credit, debit card, ATM passwords, Aadhaar details in email, mobile and computers

06 Sep 2021 2:28 AM

Bansal, who is no longer with Flipkart, said that the ED had initiated investigation in 2012 and he had cooperated with the inquiry between 2013 and 2015. But there has been no action since.— Twitter

Sachin Bansal moves HC against ED notice

ED sent notice to Flipkart, Sachin Bansal and Binny Bansal and investor Tiger Global asking why they should not face a penalty of $1.35 bn

04 Sep 2021 8:06 AM

Sales growth stemmed from greater consumer footfall, the reopening of firms and successful advertising. — Representational image/DC

Services PMI leaps back to expansion zone

August data pointed to a renewed increase in private sector activity across India, ending a three-month period of downturn

04 Sep 2021 7:58 AM

Refrigerators and washing machines may pick up by end-September on account of channel inventory build-up. Representational Image (Twitter)

Onam sales fail to cheer consumer durable-makers

Onam is important for consumer durable companies, as usually it is an indicator of the festive season sales

03 Sep 2021 3:25 AM

Online retail store Zilingo is the most valuable gazelle and online furniture platform Pepperfry is the most valuable cheetah. (Twitter)

32 start-ups to turn unicorns in two years

India is currently home to 51 unicorns worth $168 billion

03 Sep 2021 2:53 AM

In the UK's case, there is a large opportunity for India in services trade. As per the agreements between the UK and the European Union, there would be minimal or nil customs tariffs for merchandise tariffs. — Representational image/Twitter

FTAs with UAE, UK, Oz likely this fiscal

FTA negotiations with the European Union and Bangladesh also are progressing, but may take some more time for getting finalised

30 Aug 2021 9:27 AM

Defence Minister Rajnath Singh at the Commissioning Ceremony of India Coast Guard Ship 'Vigraha' in Chennai. (PTI Photo)

India has great scope to become indigenous ship-building hub: Defence Minister

On ICGS Vigraha, he said 'from its design conception to development, the ship is completely indigenous'

28 Aug 2021 12:28 PM

Patent expiry allows the generic drugs to penetrate in the market and diversify product offerings. Representational Image. (PTI)

Huge Patent opportunity to support pharma sector

Over the next five-six years till 2026, the patented products worth $240 billion are expected to go off-patent

28 Aug 2021 3:19 AM

Prices of both rough and polished diamonds had remained stable in the pandemic-hit 2020 despite a fall in demand. (Photo: Representational/Pixabay)

Diamond prices go up as jewellery demand rises

Diamond prices have moved up by up to 20 per cent in 2021 with the demand for jewellery rising in key markets

27 Aug 2021 12:48 AM

The government believes the investment will give a boost to the National Monetisation Pipeline. (Photo: Twitter/@FinMinIndia)

Cabinet clears Rs 15K crore FDI in Watsa firm

Anchorage, owned by investor Prem Watsa’s Fairfax India Financial Holdings, invests in infrastructure, construction and airports

26 Aug 2021 11:52 AM

In tier-I cities the most preferred amount was Rs 36 lakh for home loan, Rs 26 lakh for balance transfers and Rs 32 lakh for loan against property. In tier-II cities, it was Rs 26 lakh, Rs 23 lakh and Rs 18 lakh, respectively. — Representational image

Home loan issuances rise 26% in first half

Low interest rates, lower stamp duties in some states, attractive incentives by builders helped a 42% surge in demand for balance transfers

24 Aug 2021 9:22 AM

As per the government notification, the onus of obtaining HUID number is on the manufacturer, and others in the supply chain, including the retailer, need not worry about it. (DC Image)

Small players, goldsmiths resent jewellers strike today

All-India Jewellers and Goldsmith Federation (AIJGF) said that small jewellers of the country are not involved in the strike

23 Aug 2021 2:08 AM

Jewellers have been apprehensive about whether this element of traceability can lead to search and seizure by the government authorities. — Representational image/DC

Jewellers oppose HUID plan

HUID is against customer interest and against the principle of ease of doing business, say jewellers

21 Aug 2021 9:58 AM

According to James Jose, president of Indian Association of Hallma-rking Centres, probably in a year’s time, this facility will be open for customers. Representational Image (AFP)

Jewellery to soon get ID to find out authenticity

The HUID number will make the entire stock of jewellers and the sold inventory traceable

20 Aug 2021 4:00 AM

A grocery centre in Coimbatore has created over 1,100 jobs and assisted local sellers reach wider markets in addition to enhanced market links for local farmers. (PTI Photo)

Flipkart expands grocery shops to Tamil Nadu, Kerala

Flipkart has sharpened its focus on scaling up this category with sellers, brands and farmers

13 Aug 2021 4:02 PM

According to a new report by Grant Thornton Bharat-Ficci, India needs around four lakh charging stations for 20 lakh electric vehicles by the year 2026. — Representational image/By arrangement

Over 3,300 charging stations sanctioned for electric vehicles

The Ministry of Heavy Industry had sanctioned about 520 charging stations for Rs 43 crore under Phase-I of FAME-India Scheme

10 Aug 2021 9:13 AM

There is an investment limit of 4 kg per fiscal for individuals and Hindu undivided family (HUF) and 20 kg per fiscal for trusts and similar entities. — AP

SGB collects over Rs 31K cr since launch

As the gold prices have corrected in the recent past, the latest issue is priced at Rs 4,790 per gram

10 Aug 2021 7:55 AM

The ED had initiated the investigation against Amazon and Flipkart in 2019. (PTI Photo)

Flipkart gets $1.35-bn ED notice

The case pertains to an investigation by ED into allegations of attracting foreign investment by Flipkart and WS Retail

06 Aug 2021 11:35 AM

Power distribution companies are estimated to have suffered a loss of Rs 90,000 crore in FY21, according to Niti Aayog. Representational Image. (Twitter)

Discoms may incur `75,000 cr loss in FY22

The pandemic and the subsequent lockdown seriously damaged discoms’ finances

04 Aug 2021 3:02 AM

Foreign currency, which accounts for 93 per cent of the forex reserves, grew from $442 billion to $568 billion during the pandemic—between April 2020 and July 2021. — DC Image

Forex reserves up by $135 bn in pandemic

As on July 16, 2021, foreign exchange reserves stood at $612.7 bn against $477.8 billion at the end of March 2020, up by $134.9 billion

03 Aug 2021 8:34 AM

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