Page 5 - Indian Business

Jio to roll out 5G services in India in second half of 2021: Mukesh Ambani

"I assure you that Jio will pioneer the 5G Revolution in India in the second half of 2021. It will be powered by indigenous-developed network, hardware and technology components," Ambani said

Dabur, Marico hit out against each other at ASCI over claims on honey

Two leading homegrown rival FMCG brands Dabur and Marico are in an open spat with each other over claims regarding their honey brands and have taken the matter to advertising regulator ASCI. Dabur on Sunday said it is filing a complaint against rival Marico before the Advertising Standards Council of India (ASCI) for claiming its Saffola Honey sample being passed through the NMR test. The Noida-based company claimed Marico's Saffola honey has failed the NMR (Nuclear Magnetic Resonance) test and is misleading the consumers. "Dabur is filing a complaint in ASCI against Marico as their Saffola Honey sample from the market has failed the NMR test. Test reports clearly indicate the presence of sugar syrup in Saffola honey. Their claim on NMR test is misleading the consumers," Dabur claimed in a statement. However, Dabur's claim was refuted by Marico contending that Saffola Honey is also compliant with each of the quality parameters mandated by FSSAI". Earlier, Marico had filed a compla

Raymond cautiously optimistic about business recovery amid Covid, says CMD

Raymond, which has its majority business interests in textile and apparel, is "cautiously optimistic" about recovery amid the Covid-19, its Chairman and Managing Director Gautam Hari Singhania said

India Inc sees a faster return to pre-Covid profits than other countries

A majority of Indian businesses intend to increase financial investment in their business over the next year, notably higher than the global average.

Time for tech solutions designed in India, but deployed for world: PM Modi

PM Narendra Modi said it is time for tech solutions that are designed in India but deployed for the world, and the country is uniquely positioned to leap ahead in the information era

JSW Infra completes acquisition of Chettinad Group's port biz for Rs 1K cr

JSW Infra will also modernise its port assets which now have a combined cargo handling capacity of 17 million tonnes per annum

NCLT approves Rs 103 cr resolution plan for NIIL Infrastructures

The National Company Law Tribunal has approved a Rs 103-crore bid to acquire debt-ridden NIIL Infrastructures, which is developing a housing project in Agra, Uttar Pradesh

Global trends, Covid developments to drive markets in coming week: Analysts

Investors' focus will move to global trends and developments on the Covid-19 pandemic front amid lack of any major domestic trigger in a holiday-shortened week ahead, analysts said

Adani rise fuels criticism of concentration of capital in few hands: Report

Gautam Adani's mushrooming empire has become a focus of criticism for those who believe that capital is being concentrated in the hands of a few favoured corporate titans

India's economy is reviving and festive season's online sales show it

In the run-up to the festival, retailers including Amazon.com Inc. and Walmart Inc.'s Flipkart saw a 55% jump in online sales from a year ago to $4.1 billion, according to RedSeer

After worst decline in a decade, Indian companies see profits rebound

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg

Australian conversational AI agency Versa forms a joint venture with Mogae

Mogae's co-founder Tanya Goyal will be Versa India's chairperson

Voltas impresses street, scores over peers with strong show in Sep quarter

Better than expected performance, market share gains in room ACs improve earnings outlook

Over 1.1 million MSMEs registered on Udyam online system since July: Govt

Over 11 lakh MSMEs have registered on the newonline system of Udyam Registration launched in July, the government said on Saturday. Out of these, 3.72 lakh enterprises have registered under manufacturing category whereas 6.31 lakh enterprises under service sector. The share of micro enterprises is 93.17 per cent whereas small and medium enterprises are 5.62 per cent and 1.21 per cent, respectively. An official statement said 7.98 lakh enterprises are owned by male whereas 1.73 lakh enterprises by female entrepreneurs, and 11,188 enterprises are owned by divyangjan entrepreneurs. "The top five industrial sectors of registrations are food products, textile, apparel, fabricated metal products and machinery & equipment. 1,01,03,512 persons have been given employment by these registered units," the MSME ministry stated. The five leading states for Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh and Gujarat. Registration without PAN and GST number is permitted

Guaranteed loans have multiplier effect

Government guarantee will help and restart businesses which will kickstart the virtuous circle of employment, consumption, and growth

Cash-starved small businesses defer wages amid coronavirus lockdown

India's nationwide lockdown, set to end April 14, has left millions of migrant workers stranded without any other source of income

Top 10 biz headlines: Covid-19 fears, slow hiring at IT firms, and more

Business Standard brings to you top ten business headlines for the day.

Mid-market Indian business leaders less optimistic in H2 2019: Report

The report released on Thursday also said 79 per cent of business leaders surveyed in India believe the government has taken enough measures on the policy front to enhance 'Ease of Doing Business'

No wish for laws treating businesses with suspicion: FM Nirmala Sitharaman

This, after Tata Sons chairman said that businesses need supervision and not suspicion

Year of reality check

From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real