‘Builder, buyer should pay same interest for default’

This post was originally published on this siteForcing homebuyers to pay interest in the range of 18 per cent per annum for delay in payment of installment while the builders themselves pay a paltry 1.5-2 per cent for delay in project amounts to unfair trade practice by real estate companies which cannot be enforced, the … Read more‘Builder, buyer should pay same interest for default’

Economic Forum For Palestinians: But US should listen to Morocco’s King Mohammed VI to resolve the Israel-Palestine conflict

This post was originally published on this siteLater this month, the US is sponsoring an economic forum in Bahrain to attract investments in the Palestinian economy. This is highly ironic after the US disregarded Palestinian rights and officially recognised Jerusalem as the… Please follow and like us:

Government reduces ESI contribution rate to 4%

This post was originally published on this siteThe government on Thursday announced a cut in contributions made by employers and employees toward the health insurance scheme of Employees’ State Insurance Corporation (ESIC) to 4 per cent from the existing 6.5 per cent, a move which would lead to an estimated annual saving of around Rs … Read moreGovernment reduces ESI contribution rate to 4%

US secy Mike Pompeo calls India ‘perfect partner’

This post was originally published on this siteUS secretary of state Mike Pompeo pushing for further liberalisation of the Indian economy said India is a perfect partner and great place for the US to figure out how to grow the economies of the two countries and get win-win solutions. He said that the Trump administration … Read moreUS secy Mike Pompeo calls India ‘perfect partner’

Facebook backs Meesho in first startup investment in India

This post was originally published on this siteFacebook has made its first equity investment in an Indian startup- Meesho, which connects re-sellers to manufacturers to sell goods via social-media platforms. Facebook’s direct investment in the Bengaluru-based startup signifies the social media giant’s ambitions in online commerce in India. Please follow and like us:

FDI flows to India grew 6% in 2018: UN report

This post was originally published on this siteForeign Direct Investment (FDI) to India grew by 6 per cent to $42 billion in 2018, with strong inflows in the manufacturing, communication and financial services sectors, and cross-border merger and acquisition activities, according to a UN report that ranked India among the top 20 host economies for … Read moreFDI flows to India grew 6% in 2018: UN report

‘86% users stop using food apps within two weeks’

This post was originally published on this siteAn analysis of over three billion user interactions across 25 food delivery apps by marketing platform CleverTap shows that only 25% of those who install the food apps, go on to complete the sign up process and register, signifying that the vanity metric of installed base of such … Read more‘86% users stop using food apps within two weeks’

Next global CEO of Reckitt is also an Indian

This post was originally published on this siteReckitt Benckiser Group’s Nurofen painkiller costs 2.20 pounds ($2.80) for a pack of 16 pills. UK grocer J Sainsbury sells a private-label alternative for a third of the price. That’s the challenge facing Reckitt’s incoming CEO, Laxman Narasimhan. As consumers increasingly seek out cheaper versions of commoditised consumer … Read moreNext global CEO of Reckitt is also an Indian

PWC quits as auditor of 2 Anil Ambani group cos

This post was originally published on this sitePrice Waterhouse & Co (PWC), one of the Big Four auditing firms, has resigned as a statutory auditor of two Anil Ambani-controlled companies – Reliance Capital and Reliance Home Finance. The firm said there was an “unsatisfactory response” from the companies to certain observations it had made while … Read morePWC quits as auditor of 2 Anil Ambani group cos

Uber to offer air cabs in New York, looking at India too

This post was originally published on this siteLooking for a new experience? Come July, Indians travelling to New York can opt for an air cab service from the John F Kennedy airport to Lower Manhattan. Uber, popular for cab services in metro cities in India, will be offering Uber Copter services for $200-225 in New … Read moreUber to offer air cabs in New York, looking at India too

Facebook offers to pay if you’ll let it study your online habits

This post was originally published on this siteThe market research initiative, called ‘Study’ is a programme that FB is introducing to legally seek information about users’ internet browsing and app downloads. The scheme will be available only to subscribers in the US and India. The firm has said it will not collect a user’s ID, … Read moreFacebook offers to pay if you’ll let it study your online habits

Extreme US scrutiny of H-1B aspirants continues

This post was originally published on this siteAnalysis shows that requests for evidence (RFEs) were sought in 48% of the H-1B applications (for both initial visa and extensions) that were disposed-off during the first six months of fiscal 2019- up 1% as compared to the corresponding period last year. The approval rate, after obtaining additional … Read moreExtreme US scrutiny of H-1B aspirants continues

Stock exchanges to impose trading restrictions on Jet Airways shares

This post was originally published on this siteStock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive surveillance measures to curb excessive volatility, according to a circular. Cash-starved Jet Airways suspended operations in April and lenders are working on ways for revival of the airline. Please follow … Read moreStock exchanges to impose trading restrictions on Jet Airways shares

GDP numbers: EAC to counter Subramanian’s claims

This post was originally published on this siteEconomic Advisory Council to PM has refuted the claims of former CEA Arvind Subramanian regarding overestimation of GDP numbers and said it will come out with a point-by-point rebuttal in due course. Subramanian, in a paper, had said India’s economic growth rate has been overestimated by around 2.5 … Read moreGDP numbers: EAC to counter Subramanian’s claims