Explained | What does the new draft on online reviews outline? 

Companies have both penalised and incentivised consumers for writing negative and positive reviews respectively. | Photo Credit: Getty Images/iStockphoto The story so far: On  Monday, the Department of Consumer Affairs issued guidelines to curtail fake and deceptive product and service reviews on e-commerce websites. Work on the framework titled, ‘Online Consumer Reviews – Principles and […]

Continue Reading

India has enough fertilizer stock to meet rabi requirement: Centre

Union Fertilizers Secretary Arun Singhal during an Interview with The Hindu in New Delhi on November 24, 2022.. | Photo Credit: R. V. Moorthy As the sowing for rabi season is at its peak, the demand for fertilisers will also increase. The country needs 650 lakh metric tonnes (LMT) of fertilisers every year, almost two […]

Continue Reading

Trade unions to boycott pre-Budget meeting

CPI MP Binoy Viswam said limiting the meeting time was an arbitrary move. File | Photo Credit: The Hindu Ten Central Trade Unions (CTUs) have decided to boycott a virtual pre-budget meeting Finance Minister Nirmala Sitharaman had scheduled with them on Monday. The CTUs said they were just provided three minutes each with the Minister […]

Continue Reading

Uttarakhand hires McKinsey to help reach GDP target

The logo of McKinsey & Company management consulting firm. File. | Photo Credit: AFP Uttarakhand has hired McKinsey, a global management consultancy, to help the Himalayan State in achieving the target of doubling its Gross State Domestic Product (GSDP) in the next five years. The State has the target of doubling GSDP from ₹2.73 lakh […]

Continue Reading

Industry urges govt. to establish ‘India Rare Earths Mission’ to reduce reliance on China

Policy must back private sector mining in critical sector in which India produces only 1% of global output despite having 6% of world’s reserves; CII suggests splitting state-run Indian Rare Earths Ltd. and tasking new entity with overseeing the mining, production of non-Thorium minerals To counter India’s reliance on China for imports of critical rare earth […]

Continue Reading

Accretive Cleantech Finance gets RBI nod

Accretive Cleantech Finance Private Ltd., operating as ‘Ecofy’, said it has received regulatory approval from Reserve Bank of India  (RBI) to operate as a non-deposit taking, non-banking financial company (NBFC).  Promoted by Eversource Capital, a climate impact investor, Ecofy will lend to individuals and small businesses to accelerate the transition towards a net zero carbon world. It will offer financial solutions […]

Continue Reading

Murugappa Group mulls ₹1,000-cr. investment in EV business

The South-based Murugappa Group is planning to invest ₹800 crore-₹ 1,000 crore in its electric vehicle (EV) business through its EV arm TI Clean Mobility, a top executive said. This includes the cost of two acquisitions [a company into electric tractors and another into electric heavy commercial vehicle (HCV)], investments made over three years to […]

Continue Reading

Adani Group seeks to expand power distribution in Mumbai with ₹5,700-crore bet

The group will build the entire power network ground-up to compete with state-owned Maharashtra Electricity Distribution Company (MSEDCL) in the newer areas it seeks to operate in Betting big on the emerging opportunity amid growing power consumption in the periphery of Mumbai, Adani Group aims to invest ₹5,700 crore over five years for expanding its […]

Continue Reading

RBI pauses onboarding of online merchants by Paytm Payments Services

According to RBI’s PAs guidelines, a single entity cannot continue to provide an e-commerce marketplace along with payment aggregator services and such payment aggregator services must be separated from the e-commerce marketplace business.   | Photo Credit: AMIT DAVE Banking regulator RBI has put a pause on onboarding of online merchants by Paytm Payments Services, even […]

Continue Reading

India’s Oyo Hotels reports smaller loss in Q2 vs. Q1

The company reported a 24% increase in revenue during the first half of FY23 to ₹2,905 crore. | Photo Credit: ANUSHREE FADNAVIS Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt. Ltd. reported a smaller loss for the July-September period compared with the previous quarter, in an update to its initial public offering prospectus released […]

Continue Reading