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US to Review The GSP eligibility Of India

14Apr By Lavina TolaniNo Comments

USA

US to Review The GSP eligibility Of India

The United States Trade Representative (USTR) has officially announced that it is reviewing the eligibility of India, Kazakhstan, and Indonesia in the Generalised System of Preferences (GSP) based on "concerns about the countries" compliance programme. GSP is by far the largest and most ancient US trade programme designed to favor economic development and allow duty-free entry of thousands of products across the boundaries from beneficiary countries. For India, GSP country eligibility review is based on its compliance with GSP market criterion while for Indonesia the eligibility review is based upon its compliance with GSP market criterion, GSP services as well as an investment criterion.Kazakhstan, on the other hand, has its eligibility concerns based on GSP worker rights criterion....

India’s V-Mart Turns Out World’s Best Performing Departmental Store Chain

14Apr By Lavina TolaniNo Comments

Market

India’s V-Mart Turns Out World’s Best Performing Departmental Store Chain

The attraction for Indian consumer market has been on the rise. Jefferies India Pvt Ltd. has now joined in the chorus for showing a successful growth as a producer of staples and branded goods. It has picked up in a sector that comprises V-Mart Retail Ltd, a company whose stock market has performed outstandingly making it world's best department store chain this year, as per market sources. Shares of V-Mart have risen by 10 times as much since they were first traded in the stock market in February 2013.Company's shares are up by 47% -highest among 105 department stores globally with a minimum market value of $200 million. Tanmay Sharma, Jefferies Analyst wrote in a note, Given the limited barriers to entry and widespread competition, V-Mart's strong business model in te...

India to give 50% stake to Saudi Aramco in Mega Refinery

12Apr By Lavina TolaniNo Comments

BUSINESS

India to give 50% stake to Saudi Aramco in Mega Refinery

Saudi Aramco, an alliance of India state refineries has agreed to build a mega refinery based petrochemical project on India's west coast for an estimated $44 billion, as per the sources involved in the oil deal. The move will grant 50 percent stake to Saudi Aramco, in a planned 1.2 billion barrel per day amount granting the oil kingdom a new outlet for its oil. Khalid al-Falih, Saudi oil minister is expected to visit Delhi for International Energy Forum post which the preliminary agreement on the deal will be announced by Wednesday. We see India as a priority for investments and for our crude supplies,” Saudi Arabia Energy Minister Khalid al-Falih said. "We see India as a priority for investment as well as crude oil.We are very much interested in retail and want to be consumer...

Exclusive: WhatsApp to hire an Indian Head for Product Strategy

11Apr By Lavina TolaniNo Comments

News

Exclusive: WhatsApp to hire an Indian Head for Product Strategy

After a recent update introducing peer to peer payments, WhatsApp is looking for a full time hire in India to handle its business strategy and product lineup. The position is based in Mumbai and the WhatsApp team will report directly to Chief Operating officer in California. This is a senior level position that requires a proven experience as well a track record in a reputed organization. The candidate will need to work on building partnerships with engineering and product teams while acting as a representative for WhatsApp brand for a long term. The candidate that mega messaging app is looking for hiring should be a heavy user of WhatsApp with a 15-year proven experience in product-driven companies and more than 5 years of experience with technology payments in India. WhatsApp at ...

11Apr By Lavina TolaniNo Comments

CHINA

China Vows to Open Economy, Reduce Auto Import Tariffs

Xi Jinping, President of China promised to lower down import tariffs on products including cars and open country's economy in a speech delivered on Tuesday over matters concerning around ongoing trade tensions between China and the United States. At present, a 25 percent import duty is levied on Chinese imports. In his address speech at Boao Forum for Asia, President said, "China's door of opening will not be closed and will only open wider." Going by the present market scenario, if a foreign company operating in China partners with a local manufacturer, former's stake will be limited to 50 percent of the joint entity. This can come off as a great news for Jaguar Land Rover, a subsidiary of Tata Motor's which are involved in selling Range Rover and other high-end models to China. ...

Jack Ma’s Ant Financial to Raise $9B Ahead of IPO, Become World’s Biggest Unicorn

11Apr By Lavina TolaniNo Comments

Market

Jack Ma’s Ant Financial to Raise $9B Ahead of IPO, Become World’s Biggest Unicorn

Chinese billionaire Jack Ma's financial firm is all set to make it to the world's biggest companies. Alibaba Group Holding Ltd's derivate company, Ants Financial Group is preparing to raise $9 billion which is much above its expected IPO in a private funding round as per the sources. Being no stranger to funding, the company picked $4.5 billion Series B round in April 2016. Moreover, it has also made in some strategic acquisitions and investments to pave a way for greater financial benefits for itself. It has already acquired HelloPay and has made investments into Korea's Kakao Pay in February 2017. Company's recent attempt to acquire Moneygram early this year was knocked down by U.S government over security concerns.It's expected IPO valuation and newly earned revenue can give a muc...

Blockchain Related Jobs Witness a High-demand in India

10Apr By Lavina TolaniNo Comments

News

Blockchain Related Jobs Witness a High-demand in India

A recent report released by Job search portal Indeed revealed that blockchain sector in India has a significant demand for professionals with opportunities concentrated in prominent metropolitan cities of the country. While Bengaluru has topped the list in terms of city listing maximum job postings accounting for 36 percent all the blockchain job opportunities in India, other cities like Mumbai, Chennai, Pune, Hyderabad have also secured a place. The current statistics expect that global market for blockchain related products will reach $7.7 Bn in 2022, thus adding in more jobs in the sector in future. Speaking on the subject, Sashi Kumar, MD at Indeed India said, There is a lot more we need to learn about blockchain technology, given the enormous scope of its application, it is he...

Samsung Galaxy S8 “Burgundy Red” Edition Launched in India

10Apr By Lavina TolaniNo Comments

Tech

Samsung Galaxy S8 “Burgundy Red” Edition Launched in India

Samsung India has launched a burgundy red color variant of its last year's Galaxy S8 smartphone on April 9, Monday. While the company had introduced its Galaxy S8 series earlier in 2017, the color variants available were limited to Maple Gold, Midnight Blue, and Orchid Grey. A new burgundy red addition to the smartphone range has come right after Apple's iPhone 8 and iPhone 8 Plus red edition has already come on the market. Aditya Babbar, General Manager at Samsung India said, Galaxy S8 continues to be a bestseller even after its one year launch. The new Burgundy Red edition will amaze customers and allow them to express their own personal style. The new burgundy edition of Galaxy S8 will cost Rs. 49,990 and will be available via sale from 13 April.Collaborating with Paytm, the com...

Trump says “Major Decisions” on Syria Likely in 24-48 Hours

10Apr By Lavina TolaniNo Comments

USA

Trump says “Major Decisions” on Syria Likely in 24-48 Hours

US President Donald Trump condemned the recent chemical attack on Syria describing it as "atrocious and heinous" while declaring that his administration will come with some "major decisions" on Syria within next 24-48 hours. Trump said, It was an atrocious attack, totally horrible, we don't see like that. We are very concerned that a thing can happen. This is about humanity, it can't be allowed to happen. Trump further informed that the situation is being studied in closely and a major decision is likely to come in a day or two. Earlier in 2015, Vladimir had sent troops to protect its most important military base in the Middle East, Syria to protect and defend its longtime ally-the regime of Bashar al Assad. Most analysts believe that Syrian army would be unable to function prop...

9Apr By Lavina TolaniNo Comments

INSPIRATIONAL

5 Must-Read Business Books in 2023

Are you an aspiring entrepreneur seeking to enhance your business knowledge? We would suggest you hold onto a good business books that could help you align your business ideas well while taking lessons from people who have already turned their dreams into reality. Given the enormous plethora of resources available on the internet, it is very easy to get bogged down while trying to find out the best sources that could help in gaining business insight. While there is no dearth of valuable resources you can look up to for entrepreneurial motivation, a little guideline could always come to help! To ease up your search for best business education, we have come up with our own researched list of top 5 books that you can read to gain some business inspiration. Albert Einstein, legendary physic...

Indian VC Industry Urged to Submit Papers On Issues Around Startup Ecosystem

9Apr By Lavina TolaniNo Comments

News

Indian VC Industry Urged to Submit Papers On Issues Around Startup Ecosystem

India's enterprise capital business has been urged to submit a white paper with policy recommendations to regulators that could help in addressing issues raised by stakeholders within the startup landscape. Indian Private Equity and Venture Capital Association (IVCA) is a nodal body designated for Risk capital sector in India. The development has come right after a roundtable organised by Startup India, an initiative organised by Ministry of Commerce and chaired by Suresh Prabhu that witnessed participation of representatives from Department of Industrial Policy and Promotion (DIPP), market controller Securities and Exchange Board of India (SEBI) , Small Industries Development Bank of India(SIDBI) and Department of Revenue and Economic Affairs. SIDBI Chairman, Mohammed Mustafa stated...

Nokia-Maker HMD Global Intents to Make Components in India

9Apr By Lavina TolaniNo Comments

Tech

Nokia-Maker HMD Global Intents to Make Components in India

Often recognized as Nokia Maker in international Market, Finnish company HMD Global is working diligently on making its own components in the country, as reported by a senior company official. Ajey Mehta, Vice-President, HMD Global told in his media interaction, We are treading on a path of phase manufacturing programme.We have already begun our conversations with our partner Foxconn to manufacture our own components in the country. It will happen in some time. We might be a little behind our time, but eventually, components that attract import duty will be manufactured here. The Indian Government has come with a 10 percent duty on import of key components like printed circuit board assembly and camera module to encourage domestic manufacturing in the country. HMD Global is al...