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No digital labour platform perfect to ensure gig workers’ welfare in India: Report

Oct 8, 2024

New Delhi, Oct 8 (IANS) Digital labour platforms in India need to do more to improve the conditions of gig workers as from 11 such leading internet companies, no platform scored more than six out of the maximum of 10 points, and none scored all the first points across the five parameters, including Fair Pay, a report showed on Tuesday.The report by…

Govt notice, poor service, tanking stock: Ola Electric skids off the road

Oct 8, 2024

New Delhi, Oct 8 (IANS) From a show-cause notice from the government to consumers flooding social media platforms over myriad complaints regarding its e-scooters and service centres—while its share continues to slide—there appears no…

Business

Sensex trades higher, led by gains in banks

Oct 8, 2024

Mumbai, Oct 8 (IANS) India equity indices were trading in the green on Tuesday with gains in shares of UltraTech Cement, NTPC and L&T in BSE's benchmark.At 9.59 a.m., Sensex was up 258 points or 0.32 per cent at 81,308 and Nifty was up…

Business

LG Electronics’ operating earnings down 21 pc due to increased costs

Oct 8, 2024

Seoul, Oct 8 (IANS) LG Electronics on Tuesday estimated its third-quarter operating profit sank 20.9 per cent from a year earlier, missing market expectations, due to increased logistics and marketing costs.Its operating profit came to…

Business

Samsung’s Q3 profit misses expectations on slow chip growth

Oct 8, 2024

Seoul, Oct 8 (IANS) Samsung Electronics on Tuesday estimated its third-quarter (Q3) operating profit nearly tripled, but missed market expectations due to the lukewarm performance of its high-end memory chips used in artificial intelligence…

Business

Indian e-commerce market poised to reach $325 billion in 2030: Report

Oct 7, 2024

New Delhi, Oct 7 (IANS) Driven by robust rural demand, Indian e-commerce market is expected to reach $325 billion in 2030, with a strong 21 per cent compound annual growth rate (CAGR), a report said on Monday.The retail sector, which is…

Business

FMCG sector’s resilience key to shaping strong and sustainable economy: Minister

Oct 7, 2024

New Delhi, Oct 7 (IANS) The growth in the fast-moving consumer goods (FMCG) sector -- buoyed by rural demand recovery, easing inflation and favourable monsoon conditions -- will be key to shaping a strong and sustainable economy towards…

Business

Securitisation volumes in India touch Rs 60,000 crore in Q2 FY25: Report

Oct 7, 2024

New Delhi, Oct 7 (IANS) The securitisation volumes of standard assets in India reached Rs 60,000 crore in the July-September period in FY25, a growth of 36 per cent on quarterly basis and 31 per cent on year-over-year basis, according to a…

Business

Sensex slumps 638 points, investors lose over Rs 9 lakh crore

Oct 7, 2024

Mumbai, Oct 8 (IANS) Indian frontline indices closed in the deep red on Monday as investors played cautious due to the Middle East conflict. At closing, Sensex was down 638 points, or 0.78 per cent, at 81,050 and Nifty was down 218 points,…

Business

Housing finance market in India expected to grow at 15-20 pc CAGR till 2030: Report

Oct 7, 2024

Mumbai, Oct 7 (IANS) India's banking sector is on the cusp of rapid growth, with rising RoE (Return on Equity), robust asset quality, and key infrastructure financing opportunities in the coming decade, a report said on Monday. Smallcase…

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