RIL To Take on Nykaa, Myntra With New Omnichannel Beauty Platform

RIL To Take on Nykaa, Myntra With New Omnichannel Beauty Platform

Business behemoth, Reliance Industries Ltd owned by one of Asia’s richest people Mukesh Ambani is set to launch an omnichannel beauty portal to compete with cosmetics-to-fashion sites Nykaa and Walmart-owned Myntra, among others. RIL’s recent acquisitions of retail tech firm Fynd and e-pharmacy marketplace Netmeds will also aid in the development of the cosmetics platform, […]

First Video Of Botched Kabul Airstrike Released

First Botched Video Of Kabul Airstrike Released

The Pentagon has declassified video evidence of a US drone attack in Kabul which killed ten civilians in the closing hours of America’s botched withdrawal from Afghanistan after 20 years. The New York Times filed a lawsuit against US Central Command through the Freedom of Information Act. Successfully obtaining the tape they then uploaded it […]

Toshiba’s Second Largest Shareholder Demands Urgent EGM Vote On Break-Up Plan

Toshiba’s Second Largest Shareholder Demands Urgent EGM Vote On Break-Up Plan

Toshiba Corp’s second-largest shareholder demanded an emergency shareholder meeting on Thursday, to require the Japanese corporation to obtain two-thirds support before proceeding with a contentious plan to split in three. The move by the Singapore-based hedge fund 3D Investment Partners is the latest in a long dispute between the once-mighty Japanese conglomerate and a slew […]

Key Takeaways From The RBI’s Monetary Policy

Key Takeaways From The RBI’s Monetary Policy

On October 8, the monetary policy committee (MPC) kept the primary lending rate, i.e., the repo rate unchanged at 4 percent, and maintained the monetary stance as “accommodative”. RBI Governor Shaktikanta Das stated that the central bank will keep inflation within the target range. He stated that the MPC’s policy rate decision was unanimous, but […]

US Indices Set Record High After Senate Passes $1 Trillion Infrastructure Bill

US Indices Set Record High After Senate Passes $1 Trillion Infrastructure Bill

Wall Street climbed this week with both the blue-chip Dow and the benchmark S&P 500 ending at new highs, as economically sensitive value stocks gained following the approval of a $1 trillion bipartisan infrastructure plan passed by the United States Senate on Tuesday. The bill, which is now in the House of Representatives, may deliver […]

OBC Bill Gets A Rare 386-0 Nod In The Lok Sabha, Restores States’ Power To Make Lists

OBC Bill Gets A Rare 386-0 Nod In The Lok Sabha

On Tuesday, the Lok Sabha approved the 127th Constitution Amendment Bill, which restores the right of states and UTs to identify and provide reservation benefits to other backward castes (OBC). It was the first piece of legislation to be tabled and passed unanimously without disruptions during the ongoing monsoon session of the parliament. The bill […]

Amazon-Cloudtail Operations To End In Mid-2022

Amazon-Cloudtail Operations To End In Mid-2022

Billionaire and Catamaran Ventures owner Narayana Murthy is reportedly dissolving a supposedly contentious joint venture with Amazon.com, Inc. The move is expected to deliver a possible blow to the e-commerce behemoth, as the country’s internet market approaches $1 trillion. The companies stated on Monday that the seven-year-old venture, Prione Business Services Pvt. Ltd. will be […]

Big Blow To Tesla As India Rules Out Reduction In Import Taxes On Electric Vehicles

Big Blow To Tesla As India Rules Out Reduction In Import Taxes On Electric Vehicles

The Indian government stated that it has no intention of reducing import taxes on electric vehicles, which can prove to be a setback for Tesla. This comes days after Tesla CEO Elon Musk expressed hope that the government will reduce the import duties. On Monday, junior minister Krishan Pal Gurjar  said, “No such proposal is […]

All You Need To Know About e-RUPI

All You Need To Know About e-RUPI

The Prime Minister’s Office (PMO), on Saturday, announced the launch of e-RUPI, a person- and purpose-specific digital payment system.   Digital technology is transforming lives in a major way and is furthering ‘Ease of Living.’ At 4:30 PM tomorrow, 2nd August, will launch e-RUPI, a futuristic digital payment solution which offers several benefits for its […]