BUSINESS
Retail trade policy in offing for brick and mortar traders: Centre
In addition to this, the government is also working on an e-commerce policy for online retailers. This was informed by the Joint Secretary in the Department of Industry and Internal Trade (DPIIT) Sanjiv, while addressing a conference on e-commerce on Monday. The Centre wants to ensure proper coordination between e-commerce and retail traders, he informed.
Apple may soon launch M3-equipped iMac
According to Bloomberg's Mark Gurman, the upcoming iMac will feature the same 24-inch display size as the previous model, reports The Verge. Gurman said that the new iMac will not likely go into mass production for at least three months, but it might still start shipping in the latter half of this year in the same colour choices as its predecessor, including blue, silver, pink, and orange.
Nearly 65% women prefer housing as investment, while gold loses lustre: Survey
While women are a key homebuyer segment, nearly 83 per cent of the women respondents in ANAROCK's most recent Consumer Sentiment Survey, are looking at homes priced above Rs 45 lakhs. The Rs 45-90 lakh budget range is the 'sweet spot' for 36 per cent of women home seekers, and 27 per cent prefer premium homes priced from Rs 90 lakh to Rs 1.5 crore. Twenty per cent prefer luxury homes priced over Rs 1.5 crore.
Foxconn committed to set up plant in Telangana, CEO tells CM
"As discussed with you during our meeting on March 2, Foxconn is committed to setting up a manufacturing facility in Kongara Kalan and I seek the support of your team in operationalising the Kongara Kalan Park as early as possible," Liu wrote in his letter. The state government has reportedly offered 200 acres of land to Foxconn to set up the plant at Kongara Kalan.
'We can't pay you more', small tech firms tell laid-off Big Tech employees
Eric, a former Amazon software engineer, was on a $200,000-plus salary-and-stock package, before he was laid off in the US, reports The Seattle Times. When a smaller tech firm offered Eric less than he'd made at Amazon and he tried to negotiate, he was "flatly told" they can't pay him more and he "eventually accepted a job, and a pay cut".
Will Reliance Capital lenders get their dues fast or will there be legal delays
Recently, the National Company Law Appellate Tribunal (NCLAT) ordered in favour of Reliance Capital lenders and allowed another round of auction for the financial services company. The lenders had approached NCLAT against an earlier order of the National Company Law Tribunal (NCLT) restraining the Committee of Creditors (CoC) from extending the auction.
Indian startups must tap $430 bn digital market in Southeast Asia: Report
The population of over 650 million and 70 million SMEs in Southeast Asia are rapidly becoming more affluent and digitally savvy, creating a high demand for innovative products and services. It's an ideal time to explore and expand into the region as it is an attractive geography with tremendous growth potential," according to market research firm Redseer Strategy Consultants.
India's per capita income doubles since 2014-15
According to National Statistics Office (NSO) data, the per capita income in terms of net national income, in current prices, was Rs 1,72,000 in 2022-23, showing a growth of 15.8 per cent over the previous year. This is almost double of Rs 86,647, which was the per capita income in 2014-15. According to the NSO data, per capita income at the current prices was estimated at Rs 1,27,065 and Rs 1,48,524 respectively for the years 2020-21 and 2021-22.
Iconic chocolate Toblerone to change packing design under new Swiss laws
The image of the jagged mountain peak, used on the chocolate's packaging since 1970, will have to change as some of Toblerone's production was moved outside Switzerland, and a 2017 Swiss law states that national symbols cannot be allowed to promote milk-based products that are not made exclusively in the country, the BBC reported. The chocolate will undergo a labelling revamp.
Tamil Nadu power loom workers welcome government move for 250 units more of free power
The state government, in an order on Saturday, increased the number of free units to power looms from 750 to 1,000 units, while for hand looms, there is an increase of free power from 200 units to 300 units. The state government has also reduced the power tariff units above 1,000 units from Rs 1.40 to 0.70 paisa per unit.
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