'Regulatory clarity key for retail sector growth in post-Covid Indian economy'

New Delhi (IANS) Think Change Forum, an independent think-tank dedicated to generating new ideas and finding answers and solutions for the now disrupted global economic order, on Thursday organised a virtual roundtable on the crucial and imperative…

Remote desktop provider AnyDesk raises $70 mn at over $600 mn valuation

San Francisco (IANS) As hybrid work becomes mainstream in the pandemic, remote desktop software AnyDesk has raised $70 million in its Series C funding, taking its market value to over $600 million.

Germany-based AnyDesk has been downloaded…

EV push powers TaMo's DVR, pent-up demand raises parent's shares

Mumbai (IANS) Automobile major Tata Motors' parent co's as well as DVR stocks are expected to make healthy gains on the back of Centre's push towards electric vehicle-led economy and supporting macro-economic factors.

At present,…

Hospitality industry appeals to PM for relief on cooking gas

New Delhi (IANS) India's apex Hospitality Association - Federation of Hotel & Restaurant Associations of India (FHRAI) has submitted a representation, requesting Prime Minister Narendra Modi to provide immediate relief to the Hospitality industry…

Reduce GST on mobile phones to 12%, ICEA writes to state CMs

New Delhi (IANS) The India Cellular and Electronics Association (ICEA) said on Tuesday that it has written to various state chief ministers to reduce the GST rates on mobile phones to 12 per cent and on mobile parts and components to 5 per cent.

India's Oct wholesale price inflation rises to over 12%

New Delhi (IANS) Higher prices of primary goods along with food articles and fuel cost stiffened India's October 2021 wholesale inflation on a sequential and year-on-year basis.

Accordingly, the annual rate of inflation, based on wholesale…

Maruti Suzuki to operationalise 3rd plant in Haryana in 3 years' time

New Delhi (IANS) Country's largest car maker Maruti Suzuki has got the nod to set up its third plant at Sonepat in Haryana.

Maruti Suzuki already has two manufacturing facilities in Haryana. The Gurgaon manufacturing facility has three…

Future Retail says Amazon misrepresented to CCI, seeks cancellation of FCPL deal

New Delhi (IANS) The independent directors of Future Retail have written to the Competition Commission of India (CCI) stating that it is found that the representations made by Amazon in the application to the CCI for approval, which were completely…

SpiceJet's Q2FY22 standalone net loss sequentially narrows to Rs 561.7 cr

Mumbai (IANS) Airline major SpiceJet's Q2FY22 standalone net loss narrowed to Rs 561.7 crore on a sequential basis.

The airline had reported a net loss of Rs 729 crore in the first quarter of FY22.

However, on a year-on-year basis…

RBI's 'Retail Direct Scheme' receives healthy response

Mumbai (IANS) Reserve Bank of India has received a healthy response for its customer centric initiative of 'Retail Direct Scheme'.

The scheme provides a new medium of investment in government securities.

In a tweet, RBI on Saturday…