Business

Amazon Prime’s wide range of benefits
02 Jul

Amazon Prime’s wide range of benefits

editor0 CommentsBusiness
Amazon Prime has been a catalyst in providing an unparalleled combination of shopping and entertainment benefits to its members. Insights shared by Amazon India indicate that Prime members continue to adopt the program for its various benefits to add ease and convenience to their everyday lives. Apart from Kolkata and Siliguri, members in smaller towns such as Durgapur, Howrah, Hooghly and Kharagpur are enjoying shopping and entertainment benefits with Amazon Prime. For just Rs 329 for three months or Rs 999 a year, Prime members can enjoy unlimited free delivery on millions of eligible items, early and exclusive access to…
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SpiceJet net loss at over Rs 235 cr in Q4FY21
01 Jul

SpiceJet net loss at over Rs 235 cr in Q4FY21

editor0 CommentsBusiness
SpiceJet on Wednesday reported a net loss of Rs 235.3 crore in the fourth quarter of FY21 against a loss of Rs 807.1 crore in the same quarter of the previous year. As per the company, business continues to be severely impacted by the second wave of the Covid-19 pandemic which has adversely hit operations and travel demand. The airline reported a net loss of Rs 998.3 crore in FY2021. On a segment-wise basis, the revenue from cargo operations increased by 518 per cent aggregating to Rs 1,117.5 crore for FY2021 with profit of Rs 130.9 crore for the full…
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Amazon introduces ‘Amazon Day’ Delivery
01 Jul

Amazon introduces ‘Amazon Day’ Delivery

editor0 CommentsBusiness
Amazon India launched ‘Amazon Day Delivery’ for all Prime members, giving Prime members the option of choosing a weekly delivery day for the items they purchase throughout the week. Customers can conveniently choose between Prime’s fast, free shipping or ‘Amazon Day Delivery’ during check out. 'Amazon Day’ also makes it easier to get purchases grouped and delivered together resulting in fewer trips to the customer location, thus a reduction of carbon emissions. The delivery option is one among Amazon’s many sustainability initiatives to help achieve Shipment Zero, the company’s global vision to make all Amazon shipments net-zero carbon, with 50%…
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Asian Granito subsidiary completes major expansion
30 Jun

Asian Granito subsidiary completes major expansion

editor0 CommentsBusiness,
Asian Granito India Limited (AGIL) has completed a major expansion at its subsidiary, Crystal Ceramic Industries Private Limited (Crystal Ceramics). Crystal Ceramics added brown field expansion of 12,000 Square meters per day in a new production line of Glazed Vitrified Tiles at its Mehsana Plant in Gujarat. Crystal Ceramics Industries Limited has invested Rs. 25-Crore for this expansion. Asian Granito holds a 70% equity stake in Crystal Ceramics. This expansion will increase the total capacity of Crystal Ceramics to 36,000 Square meters per day. The capacity addition will add an incremental sales of around Rs. 70-75-Crore per annum in Crystal…
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PayPoint launches Micro-ATMs
30 Jun

PayPoint launches Micro-ATMs

editor0 CommentsBusiness
PayPoint India has launched a series of 'Micro-ATMs' (m-ATMs) in North-East India. The m-ATMs can be deployed in rural areas from where people travel long distances just to access the nearest ATM or a bank. The handheld machines can be set up at local Kirana shops and use the same cash box of these shops. The m-ATMs are an ideal backup and a pivotal resource for enabling essential cash transactions when the bigger ATMs run dry. They can be easily paired with a mobile or laptop for instant delivery of cash through retail shops. Advanced and portable m-ATMs with modern…
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Tax Relief On Money Received For Covid Treatment From Employers
26 Jun

Tax Relief On Money Received For Covid Treatment From Employers

editor0 CommentsBusiness,
The Centre on Friday announced income-tax exemption on the amount received by a taxpayer from his/her employer or from any other person for the treatment of Covid-19 during FY 2019-20 and subsequent years. The government on Friday extended deadlines for various income tax compliances. The income tax department, in a statement, said the payment deadline for Vivad Se Vishwas direct tax dispute resolution scheme has been extended by two months till August 31. Taxpayers can make payments till October 31 with additional amount of interest. The last date for PAN-Aadhaar linking too has been extended by three months to September…
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‘Pure business’ at Biden-Putin summit
17 Jun

‘Pure business’ at Biden-Putin summit

editor0 CommentsBusiness,
President Joe Biden and Russian President Vladimir Putin concluded their summit on Wednesday with an agreement to return their nations’ ambassadors to their posts in Washington and Moscow and a plan to begin work toward replacing the last remaining treaty between the two countries limiting nuclear weapons. But the two leaders offered starkly different views on difficult simmering issues including cyber and ransomware attacks originating from Russia. Putin insisted anew that his country has nothing to do with such attacks, despite U..S. intelligence that indicates otherwise. Biden, meanwhile, said that he made clear to Putin that if Russia crossed certain…
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New Income Tax Website Faces Technical Glitches, Nirmala Sitharaman Tags Infosys, Nandan Nilekani on Twitter
08 Jun

New Income Tax Website Faces Technical Glitches, Nirmala Sitharaman Tags Infosys, Nandan Nilekani on Twitter

editor0 CommentsBusiness,
The new e-filing website of the Income Tax Department was launched on Monday with a host of new features for taxpayers. The new URL http://incometax.gov.in replaced the long-existing http://incometaxindiaefiling.gov.in, and it went live at 8:45 pm, the tax department said in a tweet. However, some users complained on social media that certain features were taking longer than usual to load in the new portal. Taking note of the same, Finance Minister Nirmala Sitharaman today tagged IT giant Infosys and its co-founder Nandan Nilekani after receiving a large number of complaints from users on the new e-filing website of the Income…
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HDFC Bank deploys Mobile ATMs across 50 cities in India
01 Jun

HDFC Bank deploys Mobile ATMs across 50 cities in India

editor0 CommentsBusiness, Health, , ,
In view of restrictions imposed in various parts of the country, HDFC Bank today announced the availability of Mobile Automated Teller Machines (ATMs) in 50 cities across India to assist customers during the lockdown. At restricted areas, the Mobile ATMs will eliminate the need for general public to move out of their locality to withdraw cash. These mobile ATMs are currently active in cities Chennai, Mumbai, Delhi/Gurgaon, Vijaywada, Dehradun, Cuttack, Ludhiana, Lucknow, Bhubaneshwar, Chandigarh, Thiruvananthapuram, Allahabad, Pune, Hyderabad, Ahmedabad, Trichy, Salem, Coimbatore, Hosur, Noida, Jeypore (Koraput), Bengaluru, Mysore, Jaipur, Panipat, Ambala, Jammu, Nashik, Rewari, Patna. From the first week of…
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World Milk Day: Purabi Dairy reaffirms its commitment towards sustainable dairying practices
01 Jun

World Milk Day: Purabi Dairy reaffirms its commitment towards sustainable dairying practices

editor0 CommentsAssam, Business, , , ,
On the occasion of World Milk Day on June 1, Guwahati-based West Assam Milk Producers’ Cooperative Union Ltd (WAMUL), popularly known as Purabi Dairy, focused on ‘sustainability in the dairy sector’ while taking into account the environmental, nutritional and socio-economic aspects of dairying. The theme for this year’s World Milk Day, set by the Food and Agriculture Organization of the United Nations, was 'sustainability in the dairy sector’. It aims to re-introduce dairy farming to the world, by helping to create a low-carbon future for dairy. To mark the occasion, WAMUL shared various initiatives taken by the cooperative for the…
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