New Delhi, Mar 27 (PTI) The Central Consumer Protection Authority (CCPA) has imposed fine of Rs 1 lakh each on e-commerce firms Paytm Mall and Snapdeal for selling non-standard pressure cookers and asked them to recall the sold items as well as reimburse the amount paid by the consumers. In two separate orders, the CCPA [...]
New Delhi, Mar 27 (PTI) The US-based unicorn SparkCognition on Sunday said its new acquisition of Bangalore-based visual AI startup Integration Wizards will allow it to expand into new markets like retail, mining, and construction. SparkCognition in a statement said Integration Wizards will also help expand further into its existing markets like energy, manufacturing, and [...]
New Delhi, Mar 27 (PTI) Ahead of sector regulator Trai's recommendations on spectrum auctions, telecom operator Bharti Airtel's Chief Technology Officer Randeep Sekhon has made an emphatic appeal for "affordable" pricing of 5G radiowaves.Sekhon told PTI that the 5G will have a mass appeal, and not be confined to a niche or premium segment, as [...]
New Delhi, Mar 27 (PTI) Adani Finserve, ICICI Lombard, Tata AIG, HDFC Ergo, and Nippon Life Insurance are among the 54 prominent firms that have expressed interest to acquire debt-ridden Reliance Capital Ltd, promoted by the Anil Ambani Group, sources said. The last date for submission of bids for the debt-ridden firm had been extended [...]
Mumbai, Mar 27 (PTI) Small Industries Development Bank of India (Sidbi) has sanctioned a Rs 837-crore support under its cluster development fund scheme to Odisha to help develop 18 MSME infrastructure projects. The funding from the nation's principal financial institution for micro, small and medium enterprises will be to the Odisha Industrial Infrastructure Development Corporation, [...]
New Delhi, Mar 27 (PTI) Adani Total Gas Ltd, a joint venture of Adani group and French energy giant TotalEnergies SE, has forayed into the electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad. The charging station is located at ATGL's CNG station at Maninagar in Ahmedabad, the company said in [...]
Mumbai, Mar 27 (PTI) Over 1,400 large companies have to refinance Rs 5 lakh crore next fiscal, but the ongoing global crisis following the Russian invasion of Ukraine in the form rising inflation risks and the resultant likely spike in interest rates, is unlikely to cause any trouble for them given their strong balance-sheets and [...]
New Delhi, Mar 27 (PTI) Edtech firm Schoolnet aims to grow multifold to generate Rs 6,000 crore in the next 5-7 years from expansion of services in schools and subscriber growth on its learning app.The 25-year old firm provides digital classrooms to around 40,000 schools at present, along with digital learning content and trains teachers, [...]
New Delhi, Mar 27 (PTI) Realty major DLF will invest around Rs 2,000 crore to construct two new shopping malls in Gurugram and Goa, as it sees huge growth potential in organised retail with opening up of the economy after significant reduction in COVID-19 cases. In an interview with PTI, Sriram Khattar, Managing Director, DLF [...]
Colombo, Mar 27 (PTI) Sri Lanka’s oldest and first international airport was relaunched on Sunday with its first international flight landing in 54 years, aviation officials said. A flight from the Maldives landed at the Ratmalana International Airport here. The 50-seater Maldivian flight would operate three flights a week to Colombo which would be later [...]
