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Indian Small Businesses Report Huge Drop In Sales A Year After GST

Indian Small Businesses Report Huge Drop In Sales A Year After GST

Small-scale businesses which were earlier exempt from paying excise, have gone from paying VAT in the range of 5%-12.5% to a GST of 18%, a rate which is highly disproportionate with the revenue they have. NEW DELHI – For Rajesh Kapoor, a dealer of power tools and industrial hardware in Delhi, one year of the […]

July 7th, 2018 | Posted in Business | Read More »

China Says “Fully Prepared” If Trump Wants Trade War

China Says “Fully Prepared” If Trump Wants Trade War

US companies ranging from whiskey distilleries to automakers like Ford and Tesla could be hit if China ramps up retaliatory measures. BEIJING – The People’s Republic of China flag and the US Stars and Stripes fly on a lamp post along Pennsylvania Avenue near the US Capitol in Washington, DC. The People’s Republic of China […]

July 7th, 2018 | Posted in Business | Read More »

TECH-WORLD: The Best Slots Games To Play In 2018

TECH-WORLD: The Best Slots Games To Play In 2018

Slots are one of the most popular casino games in the world, a fact which should come to no surprise if you are familiarized with the world of gambling. Slots games have gradually made the transition from bland, mechanical contraptions to immersive, engaging gaming experiencing with advanced animations and enticing soundtracks. If you are a […]

July 3rd, 2018 | Posted in Business, Entertainment, News | Read More »

The $90 billion Reason Behind Allowing Women To Drive In Saudi Arabia

The $90 billion Reason Behind Allowing Women To Drive In Saudi Arabia

Saudi energy minister Khalid Al-Falih said ending the ban means “women will be more empowered and more mobile…will participate more in the job market over time, so I think it’s going to contribute to employment of females in Saudi Arabia.” RIYADH – Allowing Saudi women to drive could help the kingdom reap as much income […]

June 30th, 2018 | Posted in Business | Read More »

Instagram Estimated To Be Worth Over $100 Billion

Instagram Estimated To Be Worth Over $100 Billion

Instagram could account for about 16% of Facebook’s revenue over the next year, up from 10.6% last year, according to eMarketer data cited by Bloomberg Intelligence. NEW YORK – Facebook Inc. owned Instagram is estimated to be worth more than $100 billion, if it were a stand-alone company, marking a 100-fold return for the app […]

June 30th, 2018 | Posted in Business | Read More »

India Records Highest Number Of IPOs Globally In First Half Of 2018: EY

India Records Highest Number Of IPOs Globally In First Half Of 2018: EY

NEW DELHI – Globally, Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised $3.9 billion in the first half of this year, says a report. According to EY India IPO Readiness Survey Report, globally, Indian exchanges recorded the highest IPO activity in terms of number of deals accounting […]

June 30th, 2018 | Posted in Business | Read More »

RBI Tightens Remittance Norms, Makes PAN Mandatory

RBI Tightens Remittance Norms, Makes PAN Mandatory

The RBI on Tuesday tightened norms for Liberalised Remittance Scheme (LRS) by making quoting of permanent account number (PAN) mandatory even for transactions below $25,000. MUMBAI – The RBI on Tuesday tightened norms for Liberalised Remittance Scheme (LRS) by making quoting of permanent account number (PAN) mandatory even for transactions below $25,000. Under the LRS, […]

June 23rd, 2018 | Posted in Business | Read More »

Kraft Heinz Considering Selling Complan Brand For As Much As $1 Billion In India

Kraft Heinz Considering Selling Complan Brand For As Much As $1 Billion In India

Kraft Heinz is bringing Complan to the market as UK pharmaceutical firm GlaxoSmithKline weighs selling its stake in its Indian consumer health subsidiary, which owns malted milk drinks brand Horlicks. MUMBAI – Kraft Heinz Co. is considering a sale of children’s milk drink brand Complan in India, which could fetch about $1 billion, people familiar […]

June 23rd, 2018 | Posted in Business | Read More »

Google To Invest $550 Million In Chinese e-Commerce Giant JD.com

Google To Invest $550 Million In Chinese e-Commerce Giant JD.com

Google’s investment could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in US and European markets. SINGAPORE – Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the US internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including […]

June 23rd, 2018 | Posted in Business | Read More »

Pakistan Said To Devalue Rupee For The Third Time Since December

Pakistan Said To Devalue Rupee For The Third Time Since December

  The Pakistani rupee was already Asia’s worst-performing currency against the dollar since the start of December before Monday’s devaluation move. On Monday, the currency had dropped to 121.5 against the US dollar. KARACHI – Pakistan’s central bank devalued the rupee for a third time since December amid a worsening economy and speculation the country […]

June 16th, 2018 | Posted in Business | Read More »