MUMBAI: Small towns are fueling the growth of Flipkart’s quick commerce business Minutes. Cities such as Siliguri, Ambala, Barabanki, Bhagalpur and Durgapur are seeing huge consumer adoption with the overall customer base growing nearly 25 times year-on-year across such regions, the Walmart-owned company said.The broader Minutes business has expanded four times y-o-y since its launch…
MUMBAI: Discounting volatility in the stock market, investors poured in money through the mutual fund route that led to a record Rs 32,297 crore in gross monthly inflows through the systematic investment plan (SIP) route in Aug. This, combined with strong buying across most equity mutual fund categories, lifted the total assets managed by the…
New Delhi: Having secured nearly 2,000 convictions in food safety cases across the country, Food Safety and Standards Authority of India (FSSAI) is now stepping up enforcement, including holding e-commerce platforms responsible for products sold through them and proposing stricter action against high-fat, sugar and salt (HFSS) foods near schools, its CEO Rajit Punhani said…
Benchmark stock indices fell for the third straight session on Wednesday, with the Sensex plunging 813 points to a nearly three-month low and the Nifty slipping below 23,450 as escalating West Asia tensions pushed crude oil prices above $100 a barrel. The 30-share BSE Sensex tumbled 813.35 points, or 1.08%, to close at 74,764.23, its…
The Income Tax Department seized all these items and the Assessing Officer (AO) asked the woman to produce bills. (Image for representative purpose only) A woman, who has been married for 35 years and lives with her husband in Navi Mumbai, found herself caught up in a tax dispute over jewellery that was seized by…
The Income Tax Assessing Officer (AO) issuing a notice under Section 148 on March 29, 2017. This is the case of a senior citizen woman who fought for nine years and won a case against the Income Tax Department’s tax demand. She had been issued a tax notice after it was found that she had…
The overall pre-placement offer conversion rates have increased by approximately 6% YoY. In a job market that sees frequent headlines of layoffs, the emerging hiring trends hold significance, particularly for entry-level placements. A new report by Deloitte India suggests that the journey from internship to a Pre-Placement Offer, or PPO is becoming increasingly important.For students…
The government’s amendments target price transparency, search rankings, sponsored listings, dark patterns, consumer complaints and data use on e-commerce platforms NEW DELHI: The government has amended the Consumer Protection (E-Commerce) Rules, 2020, notified under the Consumer Protection Act, 2019, to tighten norms governing how online marketplaces display prices, search results and sponsored content, while imposing…
RBI Governor Sanjay Malhotra said fintech’s biggest promise lies in how widely its benefits can be felt across society NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra on Thursday said India has an opportunity to become a trusted partner in shaping the future architecture of global finance, while highlighting the country’s expanding fintech ecosystem…
FATF vice-president Vivek Aggarwal asked the fintech industry to step up their investments to counter emerging threats from AI, scam compounds and other technologies and said these challenges are a major risk to India’s growth story MUMBAI: Vivek Aggarwal, the first Indian bureaucrat elected to the Financial Action Task Force (FATF), said risks from virtual…
