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  • Recession coming? World's debt balloons to record $164 trillion
    on April 21, 2018 at 7:37 am

    The world’s debt load has ballooned to a record $164 trillion, a trend that could make it harder for countries to respond to the next recession and pay off debts if financing conditions tighten, the International Monetary Fund said.Global public and private debt swelled to 225 percent of global gross domestic product in 2016, the last year for which the IMF provided figures, the fund said Wednesday in its semi-annual Fiscal Monitor report. The previous peak was in 2009, according to the […]

  • Twitter bans Russia-based Kaspersky Lab from buying ads
    on April 21, 2018 at 7:22 am

    Moscow/New Delhi, Twitter has banned Russia-based cyber security firm Kaspersky Lab from advertising on its platform, stating that the company "operates using a business model that inherently conflicts with acceptable Twitter Ads business practices."In an open letter to Twitter CEO Jack Dorsey, Kaspersky Lab's Founder Eugene Kaspersky has termed the move as "potential political censorship"."At the end of January, Twitter unexpectedly informed us about an advertising ban on our official accounts […]

  • Packaged tender coconut water set to turn dearer
    on April 21, 2018 at 6:53 am

    KOCHI: Packaged coconut water is set to become costlier this summer due to lower coconut production and higher taxes under the goods and services tax (GST) regime.In northern India, which gets its supply of coconuts from the south, the retail price of a 200-ml pack of tender coconut water could rise by 15-20% to Rs 38-40, according to industry executives, making it costlier than soft drinks.Manufacturers also fear sales could be hit. “Our sales could be impacted as soft drinks retail for […]

  • Krishnapatnam Port to better infra to meet increase in traffic
    on April 21, 2018 at 6:33 am

    Krishnapatnam Port Company, India’s second-largest private port that reported strong growth in cargo and containers business last fiscal year, is augmenting infrastructure to meet traffic from expanding intra-Asia trade.In the fiscal year ended March 2018, the port handled 45 million tonnes of cargo, up 25% from the year before, and 4.81 lakh TEUs (20 foot equivalent units) of containers, which increased 88%. Chief executive Anil Yendluri attributed the performance to commencement of […]

  • How to get rich? 5 sure-shot ways to create serious wealth 
    on April 21, 2018 at 6:29 am

    Wealth creation is tough. But taking the right steps – no matter how little they are – can make it easy and help you go the distance. Cut to school days. Remember the story of the Thirsty Crow? It didn’t take the bird much time to realise that dropping small pebbles one by one into the pot can bring the water level up and help it quench thirst. What seemed highly improbable at one point became a reality in no time!The crow analogy has a lesson for us. We, too, can achieve our […]

  • Dalal St. week ahead: Nifty to consolidate more in expiry week
    on April 21, 2018 at 5:21 am

    In our previous weekly note, we had mentioned about the possibilities of the market consolidating and at the same time showing resilience compared with its global peers.While trading on expected lines, what the market put on display all through the week was classic consolidation. The market remained volatile, but remained within a capped range and kept recovering from the lows, showing resilience which demonstrated continuing buoyant undercurrent.The Nifty50 ended the week with net weekly gains […]

  • Walmart could seal Flipkart deal as early as next week
    on April 21, 2018 at 3:21 am

    MUMBAI: Walmart Inc could seal a deal to buy a more than 51% stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday. The US retail giant has been in talks with Flipkart for months to acquire controlling stake as it looks to take on rival Amazon.com Inc head-on in India, a market where ecommerce is tipped to grow to $200 billion in a decade.SoftBank Group, which owns about a fifth of Flipkart through its Vision Fund, was unwilling […]

  • Mobile handset makers lay off sales staff to save costs
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • Bleeding coffers force Indian, Chinese mobile handset makers to lay off sales staff
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • Modi is making bankers out of India's khaki-clad and long forgotten postmen
    on April 20, 2018 at 5:58 pm

    The khaki-clad, now largely forgotten, ‘dakia’ is drafted in as a key player in the scheme of things to drive Prime Minister Narendra Modi’s pet initiatives of Digital India and financial inclusion.Internet illiteracy in rural India where millions still use mobile phones for only voice communication is a major impediment to take Digital India to the grassroots. That is also hampering the government’s efforts towards financial inclusion and make the direct subsidy […]

  • Govt amends PMLA rules to extend Aadhaar linking date for all financial accounts till after SC order
    on April 1, 2018 at 7:35 am

    The finance ministry has amended the Prevention of Money Laundering (Maintenance of Records) Rules, 2005, via a issued notification yesterday, extending the date for submitting Aadhaar by existing account holders to financial entities till a date to be notified after the final judgement in the petition challenging Aadhaar pending before the Supreme Court. This follows the interim order, dated 13th March, 2018 of the SC in the Aadhaar case, which extended the last date for linking Aadhaar with […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]

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