Tuesday , 10 December 2019
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Amazon India not impacted by demand slowdown in consumer appliance

NT NETWORK Panaji Online large appliance business of Amazon India grew over 50 per cent year-on-year, a senior company official, said on Friday. Speaking to local media persons, Suchit Subhas, director, large appliances and furniture, Amazon India, claimed that despite the slowdown in demand in the economy, the company’s large appliances division grew robustly and in fact was among the …

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Centre may raise auto sector’s plea at GST Council

IANS New Delhi The central government is open to take the industry’s proposal on reducing the Goods and Services Tax (GST) on automobiles to the GST Council. Speaking at the ACMA annual convention here on Friday, Minister of State for Finance and Corporate Affairs Anurag Thakur said the government had received several representations from various stakeholders, including automobile dealers, OEMs …

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Solar leads decade of investment in renewable energy

IANS Nairobi Global investment in new renewable energy capacity this decade — 2010 to 2019 inclusive — is on course to hit $2.6 trillion, with more gigawatts of solar power capacity installed than any other generation technology, new figures published on Thursday said. According to the Global Trends in Renewable Energy Investment 2019 report, released ahead of the UN Global …

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Computer services in India to grow faster than exports: UN report

PTI United Nations India’s domestic market for computer services is forecast to grow faster than their exports, fuelled by the government’s Digital India programme and the country’s burgeoning start-up environment, according to an UN report. “The computer services industry in India is increasingly catering to the domestic market, leveraging expertise gained from exporting, while at the same time reducing an …

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ONGC jumps 9% after clarification on fire incident

IANS New Delhi Shares of Oil and Natural Gas (ONGC) jumped as much as 9.02 per cent to Rs 129.80 on the BSE in the early trade on Thursday. At 10.04 am, the stock was trading 8 per cent higher at Rs 128.60 a piece on the BSE. In comparison, the benchmark S&P BSE Sensex was trading 100 points or …

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‘Domestic growth of India’s computer services to cut ‘over-reliance’ on exports’

IANS United Nations The domestic market for India’s computer services sector is forecast to grow faster than its export market lessening its “over-reliance” on foreign countries, according to a report by the UN Conference on Trade and Development (UNCTAD). In India, which ranked second globally among the exporters of information communications technologies (ICT) services, the domestic market for computer services …

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Indian CEOs to be relatively silent on social media: Study

NT NETWORK Mumbai A study by ECCO International finds that Indian CEOs remain relatively inaccessible to consumers on social media as compared to their European and US counterparts. The study which looked at the largest companies by market capitalisation in 21 countries worldwide – reveals that 58% of global CEOs are active on LinkedIn, compared to only 20% of Indian …

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Jaishankar holds bilateral talks with Indonesian counterpart

PTI Jakarta In his first bilateral visit to an ASEAN country, Minister of External Affairs S Jaishankar on Thursday met his Indonesian counterpart Retno Marsudi and they agreed to step up cooperation in connecting Aceh and Andaman and Nicobar islands to promote trade, tourism and people-to-people contacts.  Jaishankar is on a September 4-6 visit to Indonesia. “FM Jaishankar and I …

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Difficult road ahead for auto industry with BS-VI: SIAM

IANS New Delhi Already grappling with a consumption slowdown, the road ahead for the Indian automobile industry seems to be “difficult” due to the upcoming transition from BS-IV emission norms to BS-VI, Society of Indian Automobile Manufacturers President Rajan Wadhera said on Wednesday. Speaking at the Federation of Automobile Dealers Associations’ Auto Retail Conclave 2019, he noted that even as …

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Auto dealers count on healthy festive sales

IANS New Delhi Faced with a consumption slowdown along with the high cost of finance, the country’s automobile dealers expect a partial turnaround during the upcoming festive season which will also lead to job regeneration. The sector has witnessed around 2 lakh job losses due to the sales slowdown. At present, the sector suffers from a sales downturn due to …

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