72% Indians frightened about shopping in-store amid Covid: Report

New Delhi (IANS) Despite the unabated rise of e-commerce and the fear to physically shop, 72 per cent of Indians are most frightened about shopping in-store as compared with their global counterparts in the wake of Covid-19, a new report showed on…

Merchant platform Pine Labs raises over $600 mn

New Delhi (IANS) Leading merchant commerce platform Pine Labs on Tuesday announced it has secured over $600 million in a funding round with the entry of new investors, which is subject to approval from the Securities and Exchange Board of India (SEBI).

NCLAT issues notices to CoC, DHFL and Piramal on 63 moons plea

New Delhi (IANS) The National Company Law Appellate Tribunal (NCLAT) has issued notices to the committee of creditors (CoC), the administrator of DHFL and Piramal Capital and Housing Finance Ltd on a plea by 63 moons technologies against the Dewan…

Discoms permitted to relinquish entire allocated power from 25-yr-old projects

New Delhi (IANS) In a major relief for power distribution companies, the government has now given them the freedom to terminate or continue drawing power from a project that has completed 25 years of operations.

In a letter to the state governments…

Gold futures near Rs 48K/10 gm, silver above Rs 70K/kg

Mumbai (IANS) Gold futures remained firm on Tuesday with the August contract of the yellow metal on the Multi-Commodity Exchange (MCX) nearing the Rs 48,000 per 10 gram level.

Currently, the August contract of gold on MCX is at Rs 47,882 per…

Info Edge halves its OFS size in Zomato IPO to Rs 375 cr

New Delhi (IANS) Info Edge, a key investor in Zomato has decided to lower the size of its offer for sale (OFS) in the IPO of the food delivery platform.

In a regulatory filing on Sunday, Info Edge (India) said that the Committee of Executive…

Deadline for filing of foreign remittance tax forms extended

New Delhi (IANS) The Central Board of Direct Taxes (CBDT) has again extended the deadline for filing of income tax forms 15CA and 15CB, which are filed in terms of foreign remittances.

The last date of filing the forms is now July 15, said…

2-wheeler industry's FY22 volumes likely to grow by 12-14%: Report

New Delhi (IANS) Ratings agency ICRA expects a 12-14 per cent year-on-year volume growth for the two-wheeler industry in FY22 supported by the festive season as well as rural demand.

"While the overall consumption and investment demand may…

Chaos and unrest in jewellery industry

New Delhi (IANS) BIS has had 3 meetings with around 20-member Expert Committee from May 25 to 29, where they brainstormed all the elements that the industry found impractical and needed amendments in the Regulations and the Act.

The BIS team…

India's merchandise exports hit historic high levels in Q1FY22

New Delhi (IANS) Turning adversity into opportunity, India has recorded highest-ever merchandise exports of $95 billion in the April-June quarter of current fiscal year (FY22).

This is 85 per cent higher than exports of Q1 of 2020-21 and 18…