Business

 Crescent Kashmir

Facebook India hires ex-Ola COO as head for global biz group

Facebook India hires ex-Ola COO as head for global biz group

Facing intense political heat in India, Facebook on Monday announced the appointment of former Ola Chief Operating Officer Arun Srinivas as director of its Global Business Group to lead the strategy and delivery of the India marketing solutions charter that is focused on large advertisers and agencies. Srinivas’ appointment comes after a series of senior […]

 Crescent Kashmir

Diesel cheaper by 63 paise as global oil prices fall

Diesel cheaper by 63 paise as global oil prices fall

Oil companies have reduced diesel prices by 63 paise per litre (8.33%) since September 2, bringing down its rate to Rs 72.93 on Saturday in Delhi as international crude oil prices softened over 10% during the period because of a rise in the global stockpile and weak demand. Petrol rates have been cut by 22 […]

 Crescent Kashmir

US sanctions on Huawei to hit Samsung, other chipmakers

US sanctions on Huawei to hit Samsung, other chipmakers

Memory chipmakers, including Samsung Electronics, will feel the pinch of additional US sanctions on Chinese telecom giant Huawei Technologies that take effect next week, industry sources said on Wednesday. The new sanctions, which ban the supply of semiconductors made with US equipment, software and design to Huawei without prior approval from Washington, are set to […]

 Crescent Kashmir

Voda Idea unveils new brand identity ‘Vi’

Voda Idea unveils new brand identity ‘Vi’

Vodafone Idea Ltd on Monday unveiled a new brand identity, as the struggling telco looked to rediscover itself post the apex court’s ruling on past statutory dues. VIL, which had about 280 million subscribers as of June, said Vodafone and Idea brands will now be called ‘Vi’. “A brand with its eyes set on the […]

 Crescent Kashmir

Tourism sector in dire straits due to COVID-19; needs urgent relief from govt: IATO

Tourism sector in dire straits due to COVID-19; needs urgent relief from govt: IATO

Industry body IATO on Monday urged the government to provide immediate relief to the tourism sector, which has been severely hit by the COVID-19 pandemic. Most of the tour operators have been forced to lay off their staff, many have sent staff on furlough and those who are remaining are getting less than 30 per cent […]

 Crescent Kashmir

State-owned BPCL to offer stock options to employees ahead of privatisation

State-owned BPCL to offer stock options to employees ahead of privatisation

State-owned Bharat Petroleum Corp Ltd (BPCL) has offered its employees stock options at one-third of the market price as the company looks to reward staff ahead of its privatisation. The board of BPCL on Friday “approved the proposed Employee Stock Purchase Scheme (ESPS) to the specified employees through the trust mechanism, subject to the approval […]

 Crescent Kashmir

At $2.3 trillion, Apple more valuable than UK’s top share index

At $2.3 trillion, Apple more valuable than UK’s top share index

The market cap of Apple has touched $2.3 trillion, surpassing the entire value of all the companies in the Financial Times Stock Exchange 100 Index, also called the FTSE 100 which is the UK’s top share index. While Apple’s market value is around $2.3 trillion (1.7 trillion pounds), all the companies in the FTSE 100 […]

 Crescent Kashmir

Economic growth will turn positive by Q1FY22: EAC-PM member Shah

Economic growth will turn positive by Q1FY22: EAC-PM member Shah

The economic growth will come into positive territory only by March or June quarter 2021, but India will have to turn the crisis into an opportunity by introducing reforms, Nilesh Shah, a part-time member of the Economic Advisory Council to the Prime Minister, said on Wednesday. Shah, who is the managing director of Kotak Mahindra […]

 Crescent Kashmir

SC grants 10-year time to telecos to clear AGR dues

SC grants 10-year time to telecos to clear AGR dues

The Supreme Court on Tuesday granted 10-year time to telecos like Vodafone Idea, Bharti Airtel and Tata Teleservices for paying Adjusted Gross Revenue-related dues. It said telecos should pay 10 per cent of AGR-related dues by March 31, 2021. Story Highlights SC regards time to telecos – 10 years but with directions Demands raised for AGR, […]

 Crescent Kashmir

Maruti Arena sales network completes three years with 745 outlets

Maruti Arena sales network completes three years with 745 outlets

The country’s largest carmaker Maruti Suzuki India (MSI) on Monday said its Arena sales network has completed three years. The company sells models like Alto, S-PRESSO, WagonR, Celerio, CelerioX, Swift, Dzire, Vitara Brezza and Ertiga, from the Arena sales outlets. Rest of the models like, Ciaz, Baleno, Ignis, XL6 and S-Cross are sold from the […]

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