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ONDC empowers 1 mn marginalised sellers, weavers across 60 cities

Oct 17, 2023

New Delhi, Oct 17 (IANS) The Open Network for Digital Commerce (ONDC) on Tuesday said it has empowered over one million marginalised sellers, weavers and food processors, thus creating equal opportunities across 60 cities.The ONDC Network has transformed the lives of more than 300 social sector sellers across 18 states and in over 60 cities.“Our…

Rolls-Royce plans to sack 2,500 staffers in cost-cutting drive

Oct 17, 2023

New Delhi, Oct 17 (IANS) Global engineering giant Rolls-Royce has announced plans to sack as many as 2,500 jobs globally as part of a drastic cost-cutting exercise.Tufan Erginbilgiç, a former BP executive, took over as CEO of Rolls-Royce in…

Business

Unicommerce eyes expansion into tier 2, 3 cities to empower more sellers: CEO

Oct 17, 2023

New Delhi, Oct 17 (IANS) Ecommerce enablement software-as-a-service (SaaS) platform Unicommerce’s CEO Kapil Makhija said on Tuesday that the company is planning to expand deeper into tier 2 and 3 cities and enable more sellers to offer…

Business

AirAsia CEO’s shirtless massage photo sparks controversy on LinkedIn

Oct 17, 2023

New Delhi, Oct 17 (IANS) Tony Fernandez, the CEO of Air Asia, has been criticised by scores of people for posting a shirtless photo while getting a massage on the business and employment-focused social media platform LinkedIn.“Was a…

Business

Indian govt stepped up investment for fisheries sector since 2015: Parshottam Rupala

Oct 17, 2023

Mamallapuram (Tamil Nadu), Oct 17 (IANS) Union Minister for Fisheries Parshottam Rupala on Tuesday said the government has stepped up its investment for the fisheries sector since 2015 and the fish production has increased…

Business

SC recognises Licence and entry fees by Telcos as capital expenditure

Oct 17, 2023

New Delhi, Oct 17 (IANS) In a major setback to telecom operators in India, the Supreme Court has passed an order recognising the payment of entry fee as well as variable annual licence fee under New Telecom Policy of 1999 as capital…

Business

Maruti to issue Rs12,841cr worth shares to Suzuki for 100% stake in Guj plant

Oct 17, 2023

New Delhi, Oct 17 (IANS) The country’s leading car maker, Maruti Suzuki India announced on Tuesday that it would issue shares worth Rs 12,841 crore to its parent company Suzuki Motor Corporation to acquire 100 per cent equity capital in the…

Business

Risk-on mood in market triggered by hope that Israel-Hamas conflict won’t spread

Oct 17, 2023

New Delhi, Oct 17 (IANS) There is a risk-on mood in the market triggered by the hope that the raging Israel-Hamas conflict will not spread, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.US President Joe…

Business

ED raids industrialist’s residence, office in B’luru

Oct 17, 2023

Bengaluru, Oct 17 (IANS) The Enforcement Directorate (ED) raided the house and office of an industrialist in Bengaluru on Tuesday, according to sources..Sources said the raids were conducted at the residence located in Kasavanahalli…

Business

iPhone 15 series sales in China down 4.5% compared to iPhone 14: Report

Oct 17, 2023

Hong Kong, Oct 17 (IANS) The iPhone 15 series unit sales for the first 17 days in China is underperforming last year’s iPhone 14, a reflection of the broader decline in consumer spending, a report showed on Tuesday.Excluding the iPhone Plus…

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