BEST STORIES OF THE DAY
It'll end soon: Oyo's top boss on layoffs
Oyo is asking about 20% of its 12,000 employees to go, but this will end very soon, according to Oyo's CEO.
Government may include off-budget spending for a clearer picture
The government may present other liabilities on its books, a move that could raise fiscal deficit sharply.
How not to retire poor in India
In the dynamic retirement landscape, EPF and NPS are critical pillars of your retirement planning.
Coronavirus: new disease spreading in Asia revives SARS fears
According to Institut Pasteur, the new strain is the seventh known type of coronavirus that humans can contract. WHO has advised that individuals should protect themselves against the virus by thoroughly washing their hands, covering their noses when they sneeze, thoroughly cooking meat and eggs, and avoiding close contact with wild or farm animals.
A Silicon Valley co could end privacy as we know it
Until now, tech that identifies everyone based on faces has been taboo because of its erosion of privacy.
My job is to tell the India story, it automatically attracts investment: Piyush Goyal
"Many people are talking about jobs, including your paper, but I look at the jobs in the perspective of the jobs lost also. I cannot create 700,000 jobs by breaking the law, breaking every anti-competitive restriction, monopolising certain markets", said Commerce and industry minister Piyush Goyal.
Telecom companies starved for funds, your mobile bill may rise up to 30%
Analysts expect private telcos to leverage the fall in consumer-level telecom spends to 0.73% of GDP in the September quarter of FY20 from 1.25% just over three years ago, saying the scenario offers adequate headroom to push through a second round of price hikes.
Gig economy workers may soon have to register under GSTN
Government looks to bring services professionals such as plumbers, electricians and beauticians listed on online platforms like UrbanClap, HouseJoy and Bro4u into formal workforce. The Department for Promotion of Industry and Internal Trade is considering making it mandatory for online marketplaces
Plan likely to give NBFCs more lending room
The options that have been deliberated ahead of the February 1 budget include a plan akin to the Troubled Asset Relief Program (TARP) that the US put in place after the subprime mortgage crisis that sparked the financial crisis of 2007-08. Funding for such a structure could come from residual stakes in the Special Undertaking of Unit Trust of India.
Used-car business does well for Audi in bad year for auto
Audi's used-car division is eyeing 50% growth in 2020, even as the division sold about 2,000 cars in 2019.
97,000 posts in analytics and data vacant in 2019, claims report
In 2019, close to 97,000 positions related to analytics and data were vacant due to a dearth of qualified talent.
Boardroom biggies at Mumbai Marathon: Tata Sons, FB, Viacom bosses put their best foot forward
The various events — short distances included — had more than 55,000 participants.
Samsung to set up India’s 1st mobile display plant
The South Korean company is investing more than Rs 3,500 crore in this facility in Noida, as per a regulatory filing with the Registrar of Companies (RoC). It could later be expanded to manufacture displays of other devices as well.
In ramp-up, 75% roads on China border ready
The proposed 11 roads, known as India-China Border Roads, will be located along the Line of Actual Control in Ladakh, Uttarakhand and Arunachal Pradesh. The BRO also plans to complete about nine more such roads by March 2021. It has set a target to complete 61 of the 73 ICBRs in three years. The balance 12 roads are with the Central Public Works Department.
PM Modi to interact with students on "Pariksha Pe Charcha"
The third edition of the "Pariksha Pe Charcha" has created excitement and enthusiasm among the students and their teachers and parents. The event provides students an opportunity to send their questions to the Prime Minister. Selected students, teachers and parents get a chance to meet the Prime Minister and recieve tips from him.
Soon, you’ll get to buy one policy for many cars
ICICI Lombard is launching the “floater” policy option that will allow customers to optimise their sum insured, since they will not be driving two vehicles at the same time.
BJP set to get new president, Nadda likely to succeed Shah
Senior BJP leader Radha Mohan Singh, who is in charge of the party's organisational poll process, said that nominations for the national president's election will be filed on January 20, and a contest will take place the next day if required.
Lenders hope government steps in to prevent AGR from becoming Voda Idea's breaking point
Banks have no liability to telecom companies linked to the AGR order because these do not form a part of the guarantees they have given. However, any cash outflow due to these payments could severely dent debtheavy service providers such as Vodafone Idea.
Nuvoco emerges front-runner to buy Emami Cement business for up to Rs 6,000 cr
The group that now has a capacity of 11 million tonnes is trying to consolidate its position in the industry that is 40% dominated by the biggest two players — Ultra-Tech Cement and Ambuja.
Pakistan seeks US help to get off FATF grey list
Pakistan urges US to review its travel advisories for Pak and encourage investment. Pakistan foreign minister Shah Mehmood Qureshi was in Washington last week and had expressed hope that the US would back its efforts to get it off the grey list at FATF’s review meeting in Beijing this week.
The fierce digital battle over CAA
BJP’s IT cell remains hyperactive on closed-loop platforms like WhatsApp and Facebook groups and pages, and people familiar with the content on such groups say BJP’s content ecosystem has managed to retain dominance.
Assam’s clause 6 panel suggests ILP, reservations in Assembly and jobs
Clause 6 provides for constitutional, legislative and administrative safeguards to protect the cultural, social heritage of the Assamese people. The panel in its preliminary report is said to have suggested the introduction of Inner Line Permit, reservation of seats in the legislative assembly and local bodies, and reservations in employment for the Assamese.
Karvy costs India's brokers a special privilege
Brokers taking collateral may only get to create a pledge on shares with customer consent.
US Polls not a big issue, policy and taxes are: Rajesh Gopinathan, CEO, Tata Consultancy Services
Obviously, people react to what it is but anticipating something that is going to happen in an election and being sensitive to that is not the typical US culture, says Gopinath.
Remarks on Amazon won't send wrong signal to investors: Piyush Goyal
“Not at all,” he told ET when asked if his statement would send a wrong signal to global investors. India welcomes, values and respects foreign investment, Commerce and industry minister Piyush Goyal added. The minister restated that it is expected that large companies will respect the law of land.
Amazon, Flipkart bring Diwali spirit to Republic Day sales
There will be no change in pricing and discount strategy of cos despite Goyal’s recent remarks. Discounts during the ongoing Republic Day and Great Indian sales on Flipkart and Amazon, respectively, will be similar to that last year
Urea may come under NBS before direct cash transfer
Fixing NBS rate for urea will encourage balanced use of urea and bring in efficiency in the fertiliser industry by infusing competition. The DCT is aimed at replacing the existing direct benefit transfer (DBT) system where farmers buy urea at subsidised price, which is almost one-third of the total cost.
National database of workers in informal sector in the works
The Bill seeks to empower the central government to formulate and notify, from time to time, suitable welfare schemes for unorganised workers on matters related to life and disability cover; health and maternity benefits; old-age protection; education; housing or any other benefit.
Government mulls corporatising KVIC’s marketing unit
“KVIC and the government are now exploring the possibility of assigning the marketing function to a professional entity on a profit-sharing basis,” a government official closely associated with the development told ET.
Mahatma Gandhi’s last journey photos scaled down
Gandhi Smriti director Dipankar Shri Gyan said, “The attempt is to create a more vibrant, interactive space for visitors of all ages and represent Gandhi’s life and values in an effective way.” He said the panels were getting ‘old’ and they were re-created on digital panels so that they are preserved for many years.
View: It's time for govt to rethink the investor-State dispute regime
As per reports, the finance ministry has mooted a 40-page draft proposal that envisages the appointment of mediators and the setting up of fast-track courts to resolve disputes with foreign investors. While the proposal is being reviewed, it certainly would be a welcome step in rethinking the investor-State dispute regime.
Russian support to India on Kashmir is rooted in history
While the Moscow has formed closer partnership Beijing as part of their global strategy to counter USA, the two do not share similar views on the Kashmir issue. China is in favour of internationalising the matter but Russia has consistently favoured a solution under bilateral format.
Will Delhi really vote on development and citizenry issues? India — and its political class — await patiently
Most agree bijli-paani, health, education, free bus rides for women, and CCTV cameras, have improved.
Supreme Court forms committee to draft mediation law, will send to government
The panel, to be headed by mediator Niranjan Bhat, will recommend a code of conduct for mediators, who are legal experts. On January 12, the committee met in Hyderabad to consider suggestions for a legislation put forth by mediators from all over India. The mediators emphasised on confidentiality, the voluntary nature of the process, neutrality etc.
Amit Shah’s Karnataka visit prolongs suspense over cab expansion
The CM left for Davos on Sunday on a six-day trip to attend the world economic summit amid an uneasy lull. While Yediyurappa has said he will expand his ministry after his return, it has meant little by way of a message. Sections of BJP leaders are intrigued as to why the party leadership is not letting the CM go ahead with the much delayed expansion .
LNG pumps being planned along golden quadrilateral
State-run GAIL is putting together a plan and persuading all possible participants – city gas distributors, gas suppliers, financiers, fleet owners and truck manufacturers – to get them on board and help build an effective ecosystem for LNG-fuelled vehicles in the country, according to people familiar with the development