Retailers reach 93% of pre-COVID sales: RAI

‘Consumer durables, QSRs see growth’ The retail industry’s business is on the brink of full recovery as it achieved 93% of pre-COVID sales in February, according to a report. Segments such as consumer durables and quick service restaurants (QSR) have shown growth of 15% and 18% respectively in February 2021, the report from the Retailers Association of India (RAI) said. […]

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SEBI tweak to quicken IPO funds reconciliation

Rules mandate investor compensation Markets regulator SEBI on Tuesday put in place a uniform policy to streamline the reconciliation process among intermediaries with regard to initial public offers as well as a new mechanism to compensate investors. The new framework would address issues related to delays in receipt of mandate by investors for blocking of funds due to systemic issues […]

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Ask Us: On investment

It is heartening to know that you have different time frames in mind for your goals. Q. I am 26 and a soldier. I earn ₹35,000 per month. I wish to begin investing. How should I start? Kahinur Das A. First, thank you for your service. If you are a fresher to investment, you can start with simple products such […]

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Govt to sell remaining stake in Delhi, Mumbai, B'lore, Hyderabad airports

The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country. The government plans to sell its residual stake in already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports as part of the ambitious ₹ 2.5 lakh crore asset monetisation pipeline identified to raise additional resources, sources said. Sale of Airport Authority […]

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‘India can become global AI, data hub, enabling jobs’

Creating suitable talent pool vital: Microsoft India president There’s a huge opportunity to position India as a global hub for data and artificial intelligence (AI), enabling investment, jobs and innovation, says Anant Maheshwari, president, Microsoft India. Excerpts: How prepared are enterprises today in a pandemic-stricken marketplace? Across every industry and sector, we’ve seen years’ worth of digital transformation happen over […]

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India filing appeal against Cairn arbitration award, say sources

‘Cairn set up tax abusive structure, did not pay taxes anywhere on gains in India’ India is in the process of filing an appeal against an arbitration panel ruling asking it to return $1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday. If enforcement proceedings are initiated, India is confident of addressing them and will strongly […]

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‘Women are more strategic, men quicker to action’: How women small business owners can grow

March is Women’s History Month, so it’s an appropriate time to ponder: what can women entrepreneurs do to get ahead? I’ve worked with entrepreneurs for nearly three decades, both women and men, in small towns and big cities. In most respects, male and female business owners – whether running small businesses or launching visionary ventures – are pretty similar.  On […]

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The ‘long’ and ‘short’ of debt funds

The longer your investment horizon, the better At the current juncture, when interest rates are threatening to move upwards, there is a question among investors — which funds are appropriate and which funds should one exit. Before we discuss the guidance part, let us look at some relevant facts for ease of understanding. The 16 debt fund categories are defined […]

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Concor set to source containers locally: CMD

It now imports 8,000 units from China State-owned Container Corporation of India Ltd. (Concor) on Friday said it plans to source its annual requirement of about 8,000 containers, which till now were being imported from China, solely from domestic manufacturers. Concor, that spends about ₹200 crore annually on procurement of containers, had already given a developmental order for 1,000 containers […]

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