BUSINESS
Lina Khan-led FTC likely to file massive lawsuit against Amazon this month
The lawsuit will touch upon various aspects of Amazon’s business, while also suggesting “structural remedies” that could potentially break up the tech giant, reports the Wall Street Journal, citing sources.
Pakistani rupee picks up crash mode against USD, touching record low
The State Bank of Pakistan said the greenback traded at 307.10 PKR in the interbank market on Tuesday, reports Xinhua news agency.
Online sales of beauty products in India grew by more than 13% in 1H 2023
The average order value of online sales of beauty products in India has increased by a few percent and is now around 15 USD. Local customers prefer to make smaller orders and actively take advantage of discount periods and bundles.
G20 Summit: Air India offers passangers one-time waiver due to travel restrictions
"There will be travel restrictions in Delhi between 7th and 11th September 2023. As a measure of goodwill, passengers holding confirmed ticket to fly to or from Delhi on these dates are being offered a one-time waiver of applicable charges, if they wish to change their date of travel or their flight. Only the fare difference for the rescheduled flight, if any, would be applicable," Air India said on 'X' (formerly Twitter).
Oil jumps above $90 as Saudi Arabia extends production cuts
Russia extended its voluntary decision to curb crude exports by 300,000 bpd until December 2023, acting in concert with Saudi Arabia, with the alleged aim of maintaining stability and balance in the oil markets.
INDIA bloc Campaign Committee holds first meeting to chalk out strategy
In a tweet, Congress leader Gurdeep Singh Sappal said: "The Campaign Committee, INDIA held its first meeting and had preliminary discussion on the modalities and functioning. It was a hybrid meeting, in which seven members joined online and eight were present physically."
RBI to highlight digital payments infrastructure at G20 summit
According to RBI sources, the RBI exhibition pavilion at the G20 summit will put up five major items for display, including the Public Tech Platform (PTP) for frictionless credit.
Monetary policy has to be forward looking, says RBI Governor
Das, who gave the analogy of car driving while delivering the Delhi School of Economics Diamond Jubilee Distinguished lecture, said that the conduct of monetary policy is like driving a car on the road with potential ditches and speed bumps.
Almost 7 crore income tax returns filed till Sep 5, says govt
More than six crore ITRs of assessment year (AY) 2023-24 have been processed out of the verified ITRs as on September 5, the Income Tax Department said, informing that this resulted in the processing of over 88 per cent of the verified ITRs.
Domestic sugar prices rise 3% to 6-yr high owing to poor rains
Owing to shortfall in rains in the sugarcane growing regions, the prices have risen even as the festival season is round the corner, when consumption of sweets is set rise multifold.
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