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Page 3 - Businesses

Hello Logistics sues Instacart founder Mehta for creating 'copycat' startup

Hello Logistics Inc., which operates under the name NextMed, sued Mehta, his business partner Tejasvi Singh, and their company Cloud Health Systems over allegations of misappropriation of trade secret

Hello Logistics sues Instacart founder Mehta for creating 'copycat' startup
Updated On : 20 Dec 2022 | 10:25 AM IST

No speedy resolution in sight as Indian biz await South African visas

Indian citizens, especially business leaders, who have been complaining for the past few years about long delays in securing visas for South Africa, may have to wait longer as the government had admitted that its full visa waiting list would only be cleared by the end of June 2024. While Indian missions grant tourist and business e-visas to South Africans within a week, there is no reciprocal facility for Indian citizens at South African missions in India. But there is some hope that businesses and academia might be prioritised after a decision, which centralised all visa issues exclusively to the Home Affairs head office in Pretoria, was revoked recently. The current backlog across all visa categories is 56,543. The department envisages to have cleared the current backlog by June 2024 for all categories of visas, Minister of Home Affairs Aaron Motsoaledi said last week in response to a question from an opposition MP. The average response time varies for different visa categories,

No speedy resolution in sight as Indian biz await South African visas
Updated On : 15 Dec 2022 | 7:17 AM IST

Global semiconductor revenue growth worsens; to drop by 3.6% in 2023

Global semiconductor revenue is projected to decline 3.6 per cent in 2023 -- from the previous forecast of $623 billion to reach $596 billion, a new Gartner report showed on Monday.

Global semiconductor revenue growth worsens; to drop by 3.6% in 2023
Updated On : 28 Nov 2022 | 4:45 PM IST

I advise start-ups to think beyond the possible: ARM Holdings former CEO

"You need to look at where your biggest opportunities are and invent your own unique business model that capitalises on your strengths," says Sir Robin Saxby

I advise start-ups to think beyond the possible: ARM Holdings former CEO
Updated On : 27 Nov 2022 | 8:11 PM IST

The $14 billion feud that splintered the billionaire Hinduja family

The family has now called a temporary truce, but the long-running and rancorous dispute has put at stake the future governance of the Anglo-Indian empire

The $14 billion feud that splintered the billionaire Hinduja family
Updated On : 12 Nov 2022 | 2:53 PM IST

Canada's foreign minister warns businesses against deepening China ties

Canada's foreign minister said Wednesday that China is an increasingly disruptive, global power and warned businesses against deepening their ties, saying there were geopolitical risks. Foreign Affairs Minister Mlanie Joly made the remarks at the Munk School of Global Affairs at the University of Toronto ahead of her government introducing a Indo-Pacific strategy next month. The China of 1970 is not the China of today. China is an increasingly disruptive, global power, Joly said. It seeks to shape the global environment into one that is more permissive for interests and values that increasingly depart from ours. Joly said Canada has serious concerns about Beijing undermining global security, commerce and peace. Part of that includes credible accounts of human rights abuse and crimes against humanity in the Xinjiang region against the Muslim minority known as the Uyghur. What I would like to say to Canadians doing business in and with China: You need to be clear-eyed. The decisions

Canada's foreign minister warns businesses against deepening China ties
Updated On : 10 Nov 2022 | 7:15 AM IST

Only 40% of businesses happy with network capabilities, shows data

94% say business demands for increased speed, agility and innovation are driving new operating models

Only 40% of businesses happy with network capabilities, shows data
Updated On : 30 Oct 2022 | 7:47 PM IST

Working on second phase of single window approval system: DPIIT Secy

The commerce and industry ministry is working on the second phase of the single window system for giving all approvals to existing businesses, a top government official said on Friday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said that the department is targeting to roll out this system by December 2023. "Right now, the single window is positioned for new investments. You can get your approvals to start a business, if you are making a new investment...For phase-II, we have started working and it is for existing businesses. "For them, it will become a single window. All your returns will be on the single window...We had an inter-ministerial consultation (on this). By and large, everybody is on board....This will make life of existing business simple," he said. Jain was speaking at a CII's national conference on MNCs. The secretary also said that the government is working on further improvement in ease of doing business. Earlier,

Working on second phase of single window approval system: DPIIT Secy
Updated On : 14 Oct 2022 | 5:21 PM IST

Nirula's loses Deepak but iconic food legacy will live on forever

If you ever relished Nirula's Hot Chocolate Fudge, you will definitely miss the huge void as India's very first fast food chain has lost Deepak Nirula, who made the brand famous across north India

Nirula's loses Deepak but iconic food legacy will live on forever
Updated On : 06 Oct 2022 | 3:30 PM IST

Around 500 shop owners near Taj Mahal fear shutdown after SC order

With the Supreme Court's order to immediately stop all commercial activities within the 500-meter periphery of the Taj Mahal, the shop owners in this area are uncertain about the future of their businesses. There are about 500 odd restaurants, emporiums, budget hotels, cafes and other business outlets in the area that might be affected by the court order. The Supreme Court on Monday directed the Agra Development Authority (ADA) to prohibit commercial activities within the 500-meter periphery of the Taj Mahal. Talking to PTI, Charchit Gaur, vice chairman of ADA said, "We have begun the survey processing of the businesses and after the completion of the survey we will identify the businesses and act accordingly to the order of the Supreme Court." The apex court's order was in response to the application by the 71 shopkeepers, who had alleged that they were removed from near the western gate in the year 1993, whereas other commercial activities continued. On Wednesday, locals and ...

Around 500 shop owners near Taj Mahal fear shutdown after SC order
Updated On : 29 Sep 2022 | 1:05 PM IST

UK businesses laud energy relief, but increase in costs still a struggle

At Sophia Sutton-Jones' bakery in North London, the electricity bill has more than tripled since the start of the year. It now costs 5,500 pounds (USD 6,260) a month to power the ovens and keep the lights on at Sourdough Sophia. Where should I magically take 4,000 pounds per month extra that I didn't calculate for? she said. To cope with rising costs, she's had to borrow 50,000 pounds and raise prices twice this year for her loaves, baguettes and pretzels. She doubts that even a massive support package announced this week by the UK government will make much difference to businesses like hers struggling with soaring energy costs. Pubs, restaurants, breweries, retailers and other businesses across the United Kingdom are being pushed to the brink by skyrocketing energy bills that have helped send inflation to a four-decade high and fuel a cost-of-living crisis. Forced to take action by cost increases that threaten to tip the British economy into recession, new Prime Minister Liz Trus

UK businesses laud energy relief, but increase in costs still a struggle
Updated On : 22 Sep 2022 | 2:40 PM IST

India at 75: Personalities, brands, markets - A look back into the future

The platinum jubilee of Independence is a good time to recall how far we've come as a country and tip our hat to the businesses and innovations that have shaped this journey

India at 75: Personalities, brands, markets - A look back into the future
Updated On : 12 Aug 2022 | 11:08 AM IST

SC grants two-month window to taxpayers for claiming transitional credit

The apex court bench of Justice Abdul Nazeer and JK Maheshwari directed the revenue authorities to facilitate taxpayers who were not able to claim benefits when the country transitioned

SC grants two-month window to taxpayers for claiming transitional credit
Updated On : 23 Jul 2022 | 10:05 AM IST

CBIC to issue SOP for GST summons to stop harassment of businesses

The new SOP will make officials more accountable and will also make the entire process transparent

CBIC to issue SOP for GST summons to stop harassment of businesses
Updated On : 11 Jul 2022 | 12:55 PM IST

Asian Paints sees scope to reinvent amid continuing global uncertainties

Chairman Deepak Satwalekar tells investors at AGM that the firm's network penetration and brand strength saw its decorative business deliver 31% growth by volume and 36% by value in FY22

Asian Paints sees scope to reinvent amid continuing global uncertainties
Updated On : 29 Jun 2022 | 11:24 PM IST

Internet Explorer shuts after 27 years, trouble builds for Japan businesses

Businesses across the country are now having to move swiftly to ensure they're still able to run operations that previously relied on apps built atop Microsoft's long-tenured browser

Internet Explorer shuts after 27 years, trouble builds for Japan businesses
Updated On : 16 Jun 2022 | 9:52 AM IST

Don't retreat to home turf due to US market correction, experts advise

Benefits like low correlation, currency hedge, and access to unique businesses remain intact

Don't retreat to home turf due to US market correction, experts advise
Updated On : 16 Jun 2022 | 3:25 AM IST

Businesses should avoid short-term reward-seeking culture: Shaktikanta Das

Das said doing business involves risk taking. But before taking the risk, the upside and downside will have to be carefully considered

Businesses should avoid short-term reward-seeking culture: Shaktikanta Das
Updated On : 09 Jun 2022 | 2:11 PM IST

AWS launches SMB Vidyalaya to speed up digitisation of small businesses

The programme has over 50 technology education modules specific to SMBs and the opportunities they have to drive business growth across the country

AWS launches SMB Vidyalaya to speed up digitisation of small businesses
Updated On : 17 May 2022 | 4:42 PM IST