Anand Mahindra, chairman of Mahindra Group, recently affirmed in a tweet, “The answer to the question in your headline is Yes…” in response to a New York Times article titled “Is India the future of international brands?” The article highlighted a significant shift for Melissa & Doug, a prominent American toy brand. For decades, the … Read more
Zerodha co-founder and CEO Nithin Kamath shared his observations on the evolving interests of the younger generation. Reflecting on his own childhood, Kamath noted a significant shift from traditional sports to digital gaming. “When I was younger, cricket had all our attention, whether it was playing, watching or cheering.. it seems like in the younger … Read more
Akasa Air launches its Pay Day sale, offering customers up to 20% discount on flight fares. Customers can avail the offer till July 1st. The discount can be availed on ‘Saver’ and ‘Flexi’ ticket prices by using the promo code ‘PAYDAY’ by booking through the official website of the airlines, mobile app or by a … Read more
Vodafone Idea will revise its mobile service tariffs by around 10% to 24% after Jio and Airtel hiked them in the first week of July. Telecom operator Vodafone Idea (Vi) announces that mobile tariffs will be raised on July 4th. Vodafone Idea has not made any changes in the other ₹1,799 and ₹3,099 plans with … Read more
That pioneer was Shiv Nadar, who in 1988 dared to sell high-end Unix-based minicomputers in the US, the equivalent of sending coal to Newcastle. HCL—the startup he had co-founded in 1975 with a seed capital of ₹1.75 lakh (the total savings at the time of its six founders)—was not even a speck on the global … Read more
NEW DELHI : The government introduced a tax provision last year to prod large corporations into paying their micro and small enterprise vendors in time, only to hear concerns that it could backfire on the intended beneficiaries. It’s now looking to modify how large companies are taxed for delayed payments so that they do not … Read more
(Bloomberg) — A divided US Supreme Court threw out a decades-old legal doctrine that empowered federal regulators to interpret unclear laws, issuing a blockbuster ruling that will constrain environmental, consumer and financial-watchdog agencies. The 6-3 decision raises new questions about longstanding rules and puts more of the onus on Congress to directly tackle policy issues … Read more
(Bloomberg) — Emirates said its planned service to destinations in the Middle East, India and parts of Europe with a new fleet of Airbus A350 aircraft will be deferred because of aircraft delays. The world’s largest international airline will start deploying the Airbus widebody aircraft starting early November to Edinburgh, as well as Bahrain and … Read more
By Chris Prentice and Pete Schroeder WASHINGTON, June 28 (Reuters) – The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark ruling. The court overturned … Read more
(Bloomberg) — Colombia’s central bank cut its benchmark interest by half a percentage point to 11.25% on Friday, defying government pressure to accelerate the pace of monetary easing to revive economic growth. Four of the seven-member board backed the decision, while two argued for a bigger reduction of three quarters of a percentage point, … Read more