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Business Updates

As Apple supports NavIC, Centre considers making tech mandatory, offering additional incentives

April 18, 2020By businessreputationdata

All 5G phones would be required to support NavIC — or Navigation with Indian Constellation — by January 1, 2025, and other phones by December 2025, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said.

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Business Updates

China’s government tries to defuse economic fears after real estate developer’s debt struggle

April 18, 2020By businessreputationdata

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy.

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Business Updates

Akasa Air eligible for international routes, operates 900 flights every week

April 17, 2020By businessreputationdata

In its first year of commercial operations, Akasa Air served 4.3 million passengers with a 4.9 per cent market share, and crossed the milestone of operating over 900 weekly flights

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Business Updates

Income inequality declines, says SBI research unit countering K-shaped eco recovery claims

April 14, 2020By businessreputationdata

The number of ITRs filed by people earning between Rs 10 lakh and Rs 25 lakh increased by 291 per cent while the total number of persons filing income tax increased to 7.4 crore in AY23 from 7 crore in AY22. For AY24, 8.2 crore ITRs have been filed by December 31, 2023.

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Business Updates

Air India frontline staff to soon have new uniforms; airline partners with fashion designer Manish Malhotra

April 14, 2020By businessreputationdata

The airline has partnered with Malhotra to design new uniforms for more than 10,000 employees on the frontline, including cabin crew, cockpit crew, ground and security staff.

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Business Updates

UK seeking tariff concessions on EVs’

April 12, 2020By businessreputationdata

This comes as London is aiming to phase out Internal combustion (IC) engines by 2035 and is aiming to boost EV exports outside beyond the European Union.

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Business Updates

Keeping India’s strategic needs in mind for FTAs: Commerce secretary

April 10, 2020By businessreputationdata

India is looking at commencing negotiations for an FTA with Peru and Chile both of which have expressed interest in such trade pacts.

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Business Updates

Air India plans cargo boost as freight capacity set to rise 300% in 5 years

April 9, 2020By businessreputationdata

ITR tax filing last date: The Income Tax Department has urged taxpayers to file their returns at the earliest to avoid last-minute rush and late penalties.

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Business Updates

Challenge of high inflation still remains: RBI Governor Das

April 8, 2020By businessreputationdata

Retail inflation or CPI rose to a 15-month high of 7.44 per cent in July from 4.81 per cent in June. The government has mandated the central bank with keeping CPI at 4 per cent, with a comfort band of +/- 2 per cent.

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Business Updates

Services sector PMI grows at slowest pace in 7 months; subdued demand amid inflationary surge among reasons

April 8, 2020By businessreputationdata

At 58.4 in October, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated a slowdown in expansion as against 61 in September, signalling the slowest rate of growth since March.

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