Kriti

Samsung tops Indian smartphone shipment market share in second quarter of 2018

South Korean multinational brand Samsung recently regained its top spot in the Indian market by securing a market share of 29% in the April to June quarter of 2018, outperforming its Chinese rival Xiaomi which managed to accumulate a...

MSME classification criteria amended; to be done on the basis of annual turnover

In a Lok Sabha session held on Monday, a bill intended to change how businesses entities are classified was introduced by Giriraj Singh, the Minister of state for Micro, Small and Medium Enterprises (MSMEs). Currently, MSMEs are classified on...

Train ticket booking through Paytm, MakeMyTrip to get costlier

Travellers using 3rd-party apps such as MakeMyTrip, Cleartrip or Paytm to book train tickets will soon have to start paying more, as the e-ticketing department of the Indian Railway Catering and Tourism Corporation (IRCTC) is going to start charging...

Finance ministry refuses to divulge black money reports

On Monday, the Finance Ministry refused to disclose information on the quantum of black money held by Indians within the country and abroad, saying that disclosure of any such information would constitute a breach of privilege of Parliament. Replying to...

Top lenders come together to sign inter-creditor agreement for bad loan resolution

In an effort to speed up the process of stressed asset resolution, several Indian banks and financial institutions such as SBI, PNB and LIC came together today to sign an inter-creditor agreement (ICA). Top lender State Bank of India was...

Walmart India to open 50 stores in India in the next 5-7 years

A top company official from US based retailer Walmart has announced that it will open 30 wholesale cash-and-carry stores within India in the next 3 years. The company, which opened its first fulfilment centre in Mumbai last year, recently...

Govt slashes minimum deposit amount for Sukanya Samriddhi accounts to ₹250

The minimum annual deposit for accounts under the Sukanya Samriddhi Yojana – a government-backed savings scheme for the prosperity of the girl child – has been slashed from ₹1000 to ₹250, a move aimed at ensuring more people can...

Duolingo luanches Hindi language course for English speakers

Language learning app Duolingo recently released a new module for English speakers to learn Hindi. The free language learning platform has been working on the project for over a year in order to widen the company’s user base, with...

One of the fastest growing Asian economies; India to see robust GDP growth by 2030

According to a recent report published by DBS, 10 major economies of Asia - China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand – are expected to see robust growth in the next 12...

44 lakh jobs created in 9 months till may : EFPO payroll data

As many as 44,74,859 jobs were created during the months September 2017 to April 2018, as per the payroll data released by retirement fund body Employees' Provident Fund Organisation (EFPO). The data states that approximately 41,261,138 new members have enrolled in...

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