Business

Same order, different bills; Zomato faces flak for overcharging customers online [details]

Many a netizen, both laughed and fumed at the price difference between the two bills and how promo codes, sometimes, even increased the bill price on the app.

Jul 5, 2022

If banks raise interest rates on Fixed deposit to 7.5-8%, there could be a flight from mutual funds: Report

If banks raise interest rates on fixed deposits to 7.5-8%, there could be a flight to these products from mutual funds, Motilal Oswal Financial Services said in a report.

Jul 1, 2022

RBI Governor reiterates caution against cryptocurrencies, says clear danger

The RBI governor said cryptocurrencies are a sophisticated scheme in disguise

Jul 1, 2022

GST applicable on Curd, lassi, bank cheque books from July 18 [List of products where GST increased or decreased]

Come July 18, 18 per cent Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12 per cent on maps, atlas, and globes.

Jun 29, 2022

Unbranded packaged foods, budget hotels to be brought under GST

Unbranded pre-packaged food items, hotels with room rent less than Rs 1,000 to be brought under the Goods and Services Tax (GST) net seems to be the decision of the GST Council.

Jun 29, 2022

Govt appoints IRS officer Nitin Gupta as CBDT chairman [details]

The government has appointed IRS officer Nitin Gupta as the new chairman of Central Board of Direct Taxes (CBDT).

Jun 27, 2022

Indian, Saudi and South African banks to post larger increase in margins in FY23: Moody's

Banks in India, Saudi Arabia and South Africa would post larger increases in margins in FY23, said rating agency Moody's.

Jun 27, 2022

VC firm Backstage Capital cuts workforce; Startups lay off 20,000 since April

Several tech startups have laid off over 20,000 employees the world over since April, while more than 10,000 have lost jobs in India led by edtech platforms.

Jun 27, 2022

As QR codes made mandatory on medicines, experts underline challenges ahead for industry

In March, the ministry had asked the department of pharmaceuticals (DoP) to shortlist drug brands that can be included in the implementation of mandatory QR codes.

Jun 25, 2022

Electricity used to mine Bitcoin decreased sharply as crypto crisis widens [In-depth]

The electricity consumption of the bitcoin network has fallen by a third from its high of 11 June, down to an annualised 131 terawatt-hours a year, according to estimates from the crypto analyst Digiconomist.

Jun 25, 2022

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