Category: Business

West Asian crisis affected Indian Mango pulp buisiness

West Asian crisis affected Mango pulp business in India. The Mango pulp Unit in Krishnagiri is suffering the after effects of Syrian war. The mango pulp units in Krishnagiri are in trouble because of the civil war in that nation that is affecting the export business here. The Agriculture Products Export Development Authority (APEDA) identified […]

Walmart assures IT dept of tax compliance in Flipkart deal

As the Income Tax department keeps a close eye on the Walmart-Flipkart deal and sent them a letter as well, Walmart has assured the tax authorities that it will pay the taxes and that it will have the tax implication of the deal looked into as part of it acquiring a majority stake in Flipkart. […]

‘interested in treason’ tagging, Facebook Apologised

Facebook has apologised for labelling 65,000 Russians as “interested in treason,” putting them at potential probe risk by the Russian law enforcement officials and the government, the media reported. According to a report in The Guardian, the advertising tools algorithmically labelled 65,000 Russians as ‘interested in treason’. Facebook later said the label was intended to […]

Flipkart applies for NBFC licence; enters into Financial service

Flipkart’s 100 million customers and around 100,000 sellers could be in for some better times, at least with regard to their needs for finance for making purchases is concerned. The Indian ecommerce giant has announced that it is entering the fintech sector in a serious manner having applied for an NBFC licence. Flipkart will then […]

Advertising tracking tools launched by Twitter and Facebook

Twitter Inc made it easier for users to identify political campaign ads and know who paid for them, as social media platforms faced the threat of US regulation over the lack of disclosure on such spending. The microblogging site launched ‘Ads Transparency Center’ to allow anyone to view ads that have been put on Twitter, […]

Apple set to launch AirPower wireless charging pad

If you haven’t heard of the Apple’s AirPower mat, it’s certainly not your mistake. Apple unveiled its Airpower wireless charging mat last September alongside the Apple Watch 3, the iPhone 8, and the iPhone X with a 2018 release promise. The question here is — where is it? Well, a fresh report throws light on […]

Jeep Compass Jeep Compass Bedrock Limited Edition Launched

FCA India, which manufactures the Jeep Compass in its Ranjangaon facility near Pune, has announced the Jeep Compass ‘Bedrock’ variant which is a limited edition model made to commemorate its 25,000 sales milestone. This comes within a year of the Jeep Compass SUV’s launch in the Indian market. The Bedrock limited edition of the Jeep […]

General Motors gets its first woman CFO; Chennai-born Dhivya makes history

Dhivya Suryadevara, an accomplished Indian-American chartered financial analyst, has been named the chief finance officer of the US’ largest automaker, General Motors, the first woman to get the position in the auto industry. Suryadevara, 39, currently the vice-president, corporate finance, will succeed Chuck Stevens, the GM’s present CFO, on September 1, the company said in […]

Will return to jewellery business again- Atlas Ramachandran

Businessman MM Ramachandran, popularly known as Atlas Ramachandran, who was released from Dubai jail a few days back, said that he intends to return to gold jewellery business without much delay. Atlas Ramachandran had to undergo imprisonment for three years from August 2015 following allegations of default against him by a number of banks. The […]