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- 'Panel proposes new regulator for non-personal data'on July 10, 2020 at 2:20 pm
As India moves to tighten policies on its citizens' data held and processed by companies such as Facebook, Google and Amazon, it set up the panel last year to make recommendations on the regulation of "non-personal data". The panel has suggested that India should set up a data regulator and require companies to disclose how they collect and store data which has been anonymised.
- Tata Motors reports 64% decline in group global wholesaleson July 10, 2020 at 2:14 pm
Tata Motors on Friday reported a 64 per cent decline in group global wholesales, including that of Jaguar Land Rover (JLR) to 91,594 in June quarter of the current financial year over year-ago. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q1FY21 were at 11,598 units, lower by 89 per cent over Q1FY20, Tata Motors said in a regulatory filing.
- India most attractive market for clean energy: PMon July 10, 2020 at 12:19 pm
India has emerged as the most attractive global market for clean energy, PM Modi said on Friday. Launching a 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in the country. The Rewa solar power plant will also supply power to the Delhi Metro, Modi said.
- PM Modi inaugurates Rewa solar project: Key ptson July 10, 2020 at 11:17 am
Prime Minister Narendra Modi on Friday inaugurated the 750 MW (megawatt) solar project set up at Madhya Pradesh's Rewa via video-conferencing. The project comprises three solar generating units -- 250 MW each -- located on a 500-hectare plot inside a solar park.
- E-comm firms' sales surge past pre-Covid levelson July 10, 2020 at 8:52 am
E-commerce companies have not just recovered, but surpassed pre-Covid-level sales as more people shop online due to the pandemic. The daily shipment volumes are back at over 3 million per day with visible signs of demand holding firm over few months, with people continuing to limit their visits to physical stores, as per over half a dozen industry executives TOI spoke to.
- Rs 1L fine for e-tailers if they don’t reveal ‘origin’on July 10, 2020 at 4:27 am
- Govt asks 59 Chinese apps to answer 70 questionson July 10, 2020 at 4:09 am
The 59 Chinese apps ordered blocked by India have been served with an exhaustive list of questions to which they need to respond within three weeks. The questions are understood to have been served to firms such as TikTok, Helo, and Xiaomi. The questionnaire seeks details about “unauthorised data access” by firms to weak security features leading to espionage/surveillance.
- Companies brand their employees’ maskson July 10, 2020 at 4:00 am
A mask displaying the brand name of the company has become part of the dress code at some workplaces. On-field staff of quick-witted marketers are sporting masks embossed with their brands. At times, the masks also prominently display the catchphrase associated with the brand. The strategy is attracting eyeballs and generating interest of passersby in the brands.
- Digital payments surpass govt’s target for FY20on July 10, 2020 at 4:00 am
Digital transactions in the country jumped to 4,572 crore, or close to 46 billion, surpassing the target for fiscal 2020, according to a letter from the ministry of electronics and IT sent to bank chiefs last week. Overall transactions grew 46% over the previous year, reiterating the focus on digital payments, which the govt has been pushing since demonetisation in 2016.
- Cognizant India MD quits within a year of taking overon July 10, 2020 at 4:00 am
Top level exits at Cognizant is no longer news. But this one will surprise many. Cognizant India chairman & MD Ramkumar Ramamoorthy resigned on Thursday, less than a year into this role.
- China doesn’t play by rules: PolicyBazaaron July 10, 2020 at 4:00 am
PolicyBazaar CEO Yashish Dahiya has become the first CEO among India’s most valued internet companies to speak out openly against China. Dahiya said the neighbouring country has “not played by the rules” as its economy is not open to companies across the world, while it has business opportunities globally.
- BP pays Reliance $1bn to set up petrol station ventureon July 9, 2020 at 11:12 pm
BP will hold 49% and Reliance the remaining 51% in the new company called Jio-bp, which will expand Reliance’s current 1,400 retail sites up to 5,500 over the next five years, the pair said in a statement on Thursday after announcing the venture last August.
- Code on wages likely to be implemented by Septon July 9, 2020 at 9:13 pm
The Code on Wages, 2019, the first law under labour reforms, is likely to be implemented by September as the ministry of labour and employment has put draft rules of the law in public domain for feedback, a senior official said. Parliament in August last year approved the code to enable introduction of a minimum wage for every worker besides addressing issues like delay in payment to employees.
- 'Cos, e-tailers need to display country of origin'on July 9, 2020 at 8:02 pm
Consumer affairs minister Ram Vilas Paswan on Thursday said state governments have been directed to strictly enforce the provision that requires companies and e-commerce players to display the 'country of origin' on all products. The provision of declaration of 'country of origin' has been in place since January 2018 for all manufacturers, importers and e-commerce players.
- TCS Q1 net profit dips 13.81% to Rs 7,008 croreon July 9, 2020 at 6:03 pm
IT services major Tata Consultancy Services (TCS) on Thursday reported a 13.81 per cent fall in its consolidated net profit for the first quarter (Q1) ended June 30, 2020. The company posted a net profit of Rs 7,008 crore for the period under consideration, as against a profit of Rs 8,131 crore posted in similar quarter last year.
- PM Modi woos global companies to invest in Indiaon July 9, 2020 at 5:39 pm
Wooing global companies, Prime Minister Narendra Modi on Thursday said his government's self-reliant India campaign is not about being closed to the world and Asia's third-largest economy continues to be one of the most open in the world that offers investment-friendly and competitive business environment.
- ‘Eligible Indians to return to UAE from July 12'on July 9, 2020 at 4:10 pm
In a relief for Indians who need to return to UAE, India and UAE have allowed their airlines to carry people authorised to travel between the two countries. Air India on Thursday said: “ICA approved UAE residents (returning to UAE from India)” can travel on Vande Bharat Mission flights operated by it and AI Express on India-UAE sector from July 12 to 26."
- 'Indians are natural reformers': PM Modion July 9, 2020 at 1:43 pm
In a major development, Prime Minister Narendra Modi on Thursday addressed a large gathering at the India Global Week 2020 via video conferencing. The forum focused on India’s trade and foreign investment prospects.
- Covid impact: Irdai to form 'pandemic risk pool'on July 9, 2020 at 12:02 pm
With the Coronavirus pandemic causing massive disruption and losses across sectors, insurance regulator Irdai is looking at forming a "pandemic risk pool."
- '58 Indian-origin executives employ over 3.6m'on July 9, 2020 at 10:33 am
A group of 58 Indian-origin executives heading various companies across 11 different countries, including the US, Canada and Singapore, collectively employ more than 3.6 million people and account for a combined $1 trillion in revenue, $4 trillion in market capitalisation, according to a list released by a US-based top Indian diaspora organisation.