Oil crosses $100 again as Middle East attacks fuel supply fears Oil prices extended their gains on Friday, with both major benchmarks on track to finish the week above $100 a barrel for the first time since mid-May, as growing attacks along key shipping routes in the Middle East heightened concerns over prolonged supply disruptions.Around…
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: From Jan, e-commerce entities will have to display both the “reduced price” and “prior price” whenever they announce a price cut, including during festive sale seasons. The “prior price” will be the lowest price at which the product was offered up to 30 days before the announcement of discount.The provision is part of…
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…
Oil prices extended gains on Thursday, with Brent holding above $100 a barrel as escalating Iran-US attacks on shipping heightened concerns over further disruptions to Middle East crude supplies.Brent crude futures rose 0.1% to $101.34 a barrel by 0107 GMT, while US West Texas Intermediate crude gained 0.5% to $96.55.Brent settled $3.29, or 3.4%, higher…
China on Thursday described its economic and trade cooperation with India as “mutually beneficial and win-win in nature” and urged New Delhi to provide a fair, transparent and non-discriminatory business environment for Chinese companies operating in the country.Chinese foreign ministry spokesperson Guo Jiakun made the remarks at a press briefing when asked about reports that…
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…