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Amazon has initiated an investigation against some of its legal representatives for allegedly bribing Indian government officials.(Reuters)

Amazon says 'zero tolerance for corruption' amid graft probe against officials

PTI | , New Delhi
UPDATED ON SEP 20, 2021 06:53 PM IST
"We have zero tolerance for corruption. We take allegations of improper actions seriously, investigate them fully, and take appropriate action. We are not commenting on specific allegations or the status of any investigation at this time," Amazon spokesperson said.
Union commerce minister Piyush Goyal.
Union commerce minister Piyush Goyal.

Modi govt to launch 24-hour helpline for exporters, says Piyush Goyal 

By hindustantimes.com, New Delhi
PUBLISHED ON SEP 20, 2021 05:36 PM IST
Speaking at an event to mark the beginning of 'Vanijya Saptah' as part of the 'Azadi Ka Amrit Mahotsav' celebrations, Goyal said the campaign revealed the Centre’s resolve to build a strong country for the future.
An exterior view of China Evergrande Centre in Hong Kong, China(REUTERS)
An exterior view of China Evergrande Centre in Hong Kong, China(REUTERS)

World shares skid to one-month low as default fears stalk China's Evergrande

Reuters |
PUBLISHED ON SEP 20, 2021 03:56 PM IST
Holidays in Japan, China and South Korea meant trading was thin in Asia, while politics added extra uncertainty with elections in Canada and Germany bookending the week.
Bajaj Finserv, HUL, ITC and HCL Tech were among the gainers.
Bajaj Finserv, HUL, ITC and HCL Tech were among the gainers.

Sensex tanks 525 pts on global selloff; Nifty drops below 17,400

PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi
UPDATED ON SEP 20, 2021 10:18 PM IST
Tata Steel was the top loser in the Sensex pack, sinking nearly 10 per cent, followed by SBI, IndusInd Bank, HDFC, Dr Reddy’s and M&M.
The Deloitte survey was launched in July and the primary audience were seasoned HR professionals.(Representative Photo/iStockphoto)
The Deloitte survey was launched in July and the primary audience were seasoned HR professionals.(Representative Photo/iStockphoto)

How much salary hike to expect next year? Here's what Deloitte survey says

By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON SEP 20, 2021 12:59 PM IST
Earlier this month, Deloitte had said that India has emerged as an attractive investment destination for developed economies. Despite economic disruption due to the Covid-19 pandemic, inflow of foreign direct investment (FDI) in India amounted to a record .72 billion.
The RBI had earlier extended the March 31 deadline for changes in auto-debit rule after request from banks.(Representative image/Pixabay)
The RBI had earlier extended the March 31 deadline for changes in auto-debit rule after request from banks.(Representative image/Pixabay)

Auto-debit rule to change from Oct 1: What it means for credit, debit card users

By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON SEP 20, 2021 12:36 PM IST
Various digital service providers like OTT platforms have predicted a 10-15% fall in their user base after change in auto-debit rules comes into effect from October 1.
Geojit said choppy movement in gold is expected with a negative bias to continue the day. (File Photo)
Geojit said choppy movement in gold is expected with a negative bias to continue the day. (File Photo)

Gold prices fall to lowest in nearly 6 months, silver down too

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON SEP 20, 2021 10:31 AM IST
Gold may remain volatile reflecting the trend in US dollar and equity markets as market players assess Fed’s monetary policy and China’s economic health, Kotak Securities said.
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Monday, Sep 20, 2021
Today Gold Price, Silver Price: Gold Rate and along with other precious metal prices in India on Monday, Sep 20, 2021

Indian spot gold rate and silver price on Monday, Sep 20, 2021

By HT Analytics
PUBLISHED ON SEP 20, 2021 10:02 AM IST
Gold Price and Silver Price Today. Here’s the latest update on spot gold prices, currency exchange rates and other precious metal rates in India as on Monday, Sep 20, 2021
Apple launched the new iPhone 13 smartphones on September 14.(AP Photo)
Apple launched the new iPhone 13 smartphones on September 14.(AP Photo)

Apple iOS 15 to release today: Privacy upgrades and other key features

By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON SEP 20, 2021 09:34 AM IST
In iOS 15, Apple will replace the current subscription plans of iCloud. The iCloud+ feature will have some new options like Private Relay, Hide My Email and expanded HomeKit Secure Video support.
HT Photo(MINT_PRINT)
HT Photo(MINT_PRINT)

Sensex tumbles 355 points to 58,660 in opening session; Nifty at 17,476

UPDATED ON SEP 20, 2021 10:41 AM IST
  • The 30-share Sensex was trading 355.27 points or 0.60 per cent lower at 58,660.62. Similarly, Nifty fell 108.50 points or 0.62 per cent to 17,476.65 in initial deals.
The transaction will help Shapoorji Pallonji Group pare its debt and focus on other businesses.
The transaction will help Shapoorji Pallonji Group pare its debt and focus on other businesses.

Advent buys Eureka Forbes for 4,400 crore

By Kalpana Pathak
PUBLISHED ON SEP 19, 2021 11:37 PM IST
  • Eureka Forbes Ltd, a unit of Forbes and Co. Ltd, will be separated from the parent and listed on BSE, both companies said in a joint statement on Sunday.
Droom, an online automobile marketplace, has hired investment bankers for a planned public listing worth about <span class='webrupee'>₹</span>1,000 crore as it seeks to join other startups rushing to tap a record stock market rally, two people aware of the matter said.
Droom, an online automobile marketplace, has hired investment bankers for a planned public listing worth about 1,000 crore as it seeks to join other startups rushing to tap a record stock market rally, two people aware of the matter said.

Droom eyes 1,000 crore through IPO

By Swaraj Singh Dhanjal , Hindustan Times, Mumbai
PUBLISHED ON SEP 19, 2021 11:32 PM IST
  • The company is likely to file draft papers for the initial public offering in the next couple of months, and the IPO could be launched in early 2022, one of the two people said.
The report projected that India would leapfrog to the third place by 2050 in the ranking of world’s largest economies, just behind China and the US, with a share of 6.8% in global GDP.
The report projected that India would leapfrog to the third place by 2050 in the ranking of world’s largest economies, just behind China and the US, with a share of 6.8% in global GDP.

India to be 3rd largest importer by 2050: UK report

By Asit Ranjan Mishra
UPDATED ON SEP 20, 2021 05:53 AM IST
  • The world’s centre of economic gravity has been shifting eastward for decades due to the rapid growth in Indo Pacific, causing trade patterns to shift as it moves.
The board has approved the application for postponing the AGM scheduled on September 27, the company said in a letter to the stock exchanges on Sunday.(Deepak Gupta/HT photo)
The board has approved the application for postponing the AGM scheduled on September 27, the company said in a letter to the stock exchanges on Sunday.(Deepak Gupta/HT photo)

Dish TV to defer AGM to seek clearance for board changes

By Gopika Gopakumar, Hindustan Times, Mumbai
PUBLISHED ON SEP 19, 2021 11:24 PM IST
  • The registrar of companies under the Company Law Board is the authority empowered to give permission for the extension.
The Centre’s move will allow airlines to roll out special fares and promotional offers for the festive season, and smaller players will be able to shore up their cash flows.
The Centre’s move will allow airlines to roll out special fares and promotional offers for the festive season, and smaller players will be able to shore up their cash flows.

Revised fare caps may lower ticket prices, boost sales

By Rhik Kundu, Hindustan Times, New Delhi
UPDATED ON SEP 20, 2021 05:50 AM IST
  • Since the second Covid wave was contained, most people travelled within a fortnight of bookings due to varying Covid-related restrictions imposed by states, an airline official said, adding that travel beyond 15 days of the booking period has picked up since July.
Finance minister Nirmala Sitharaman in her Budget for 2021-22 had said the process of privatisation of IDBI Bank would be completed in the current fiscal.
Finance minister Nirmala Sitharaman in her Budget for 2021-22 had said the process of privatisation of IDBI Bank would be completed in the current fiscal.

IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time

PTI | , New Delhi
PUBLISHED ON SEP 19, 2021 12:54 PM IST
During a presentation before the DIPAM held recently, most of the eligible transaction advisers gave a time-frame of 50-52 weeks to undertake several stages of the privatisation process of IDBI Bank
There are two RBI mandated holidays and three weekend leaves in the last week of September.&nbsp;(Sameer Sehgal/HT File Photo)
There are two RBI mandated holidays and three weekend leaves in the last week of September. (Sameer Sehgal/HT File Photo)

Bank holidays in last week of September: Check dates here

By hindustantimes.com | Written by Meenakshi Ray
PUBLISHED ON SEP 19, 2021 12:43 PM IST
According to the RBI list of bank holidays, September had a total of 12 holidays—including second and fourth Saturdays as well as Sundays and other festivals.
Piyush Goyal said the Centre has no plans to close the Coffee Board but proposed that it should be shifted to the agriculture ministry from the commerce ministry.
Piyush Goyal said the Centre has no plans to close the Coffee Board but proposed that it should be shifted to the agriculture ministry from the commerce ministry.

Govt to re-look into provisions of Coffee Act and simplify it: Piyush Goyal

Written by Harshit Sabarwal | Edited by Poulomi Ghosh, New Delhi
PUBLISHED ON SEP 18, 2021 09:11 PM IST
“The present Coffee Act was enacted in 1942 and it has many provisions which have become redundant and are impediments to the coffee trade,” an official statement said.
Google has not received the investigation report, a person with direct knowledge of the situation told Reuters.(Reuters file photo)
Google has not received the investigation report, a person with direct knowledge of the situation told Reuters.(Reuters file photo)

Google abused Android dominance in India, says report

Reuters | , New Delhi
UPDATED ON SEP 18, 2021 02:33 PM IST
Alphabet Inc's Google reduced "the ability and incentive of device manufacturers to develop and sell devices operating on alternative versions of Android," says the June report by the Competition Commission of India's (CCI) investigations unit.
Gold prices fell marginally by <span class='webrupee'>₹</span>36 to <span class='webrupee'>₹</span>45,888 per 10 gram on Tuesday as the international market also saw a depreciation.
Gold prices fell marginally by 36 to 45,888 per 10 gram on Tuesday as the international market also saw a depreciation.

Gold prices fall throughout week after starting on high note

By hindustantimes.com, Hindustan Times, New Delhi
PUBLISHED ON SEP 18, 2021 08:42 AM IST
  • Gold began the week on a high note after the price rose by 82 to 45,952 per 10 gram, in tune with price in international markets.
Zomato and Swiggy will have to collect and deposit the GST with the government from January 1.&nbsp;(File Photo)
Zomato and Swiggy will have to collect and deposit the GST with the government from January 1. (File Photo)

Zomato, Swiggy to collect GST for deliveries. What it means for you

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON SEP 18, 2021 06:13 AM IST
Zomato and Swiggy will pay 5 per cent GST as GST is a levy on consumption after the GST Council decided to charge services by cloud kitchens and food delivery platforms.
PM Modi is betting the private sector can help farmers boost yields with apps and tools built from information such as crop output, soil quality and land holdings.(HT File)
PM Modi is betting the private sector can help farmers boost yields with apps and tools built from information such as crop output, soil quality and land holdings.(HT File)

Amazon, Microsoft swoop in on billion India farm-data trove

Bloomberg |
UPDATED ON SEP 18, 2021 05:14 AM IST
With the project, Modi is seeking to usher in long-due reforms to make over a 8 billion farm sector that employs almost half of the nation’s 1.3 billion people and accounts for about 18% of Asia’s third-biggest economy.
It is the fifth Indian IT firm and second L&amp;T Group company to achieve the milestone.(Mint)
It is the fifth Indian IT firm and second L&T Group company to achieve the milestone.(Mint)

L&T infotech’s market cap crosses 1 l cr

By Ravindra Sonavane, Livemint, Mumbai
PUBLISHED ON SEP 18, 2021 01:33 AM IST
  • In intraday trade, the stock gained 2% to hit a record high of 5,781 on BSE. At the end of the day’s trade, the scrip settled at 5,712.80, up 0.8% from its previous close.
The new Ola electric scooters displayed at the Ola headquarters in Bangalore(AFP)
The new Ola electric scooters displayed at the Ola headquarters in Bangalore(AFP)

Sold e-scooters worth 1,100 cr in 2 days: Ola

By Tarush Bhalla, Prasid Banerjee, Livemint, Bengaluru/ New Delhi
PUBLISHED ON SEP 18, 2021 01:30 AM IST
  • The company offered its first electric scooter range comprising the S1 and S1 Prog models to customers.
Union power and renewable energy minister Raj Kumar Singh(ANI)
Union power and renewable energy minister Raj Kumar Singh(ANI)

Singh calls out developed world over lack of emissions planning

By , Livemint, New Delhi
PUBLISHED ON SEP 18, 2021 01:21 AM IST
  • Singh said India pledged an emission reduction of 33-35% by 2030. “We have already done 28%, and we will cross the target,” he added.
World Bank’s reports have been mired in controversy in recent years, with former chief economist Paul Romer resigning from his post in January 2018, claiming that the methodological changes in compiling the report led to a downgrade in socialist Chile’s ranking.(HT File)
World Bank’s reports have been mired in controversy in recent years, with former chief economist Paul Romer resigning from his post in January 2018, claiming that the methodological changes in compiling the report led to a downgrade in socialist Chile’s ranking.(HT File)

India eyes gain from China’s pain in audit of WB rankings

By Asit Ranjan Mishra, Livemint, New Delhi
PUBLISHED ON SEP 18, 2021 01:15 AM IST
  • World Bank is discontinuing publication of its much sought after Doing Business ranking immediately after an external audit unearthed undue interference from senior World Bank staff in changing rankings of specific countries, it said on Thursday.
PE firms use debt in addition to equity capital to make large acquisitions, reducing their overall cost of capital and improving their potential returns while also allowing them to make larger acquisitions.(HT File)
PE firms use debt in addition to equity capital to make large acquisitions, reducing their overall cost of capital and improving their potential returns while also allowing them to make larger acquisitions.(HT File)

Spike in leveraged buyouts amid low interest rates

By Swaraj Singh Dhanjal , Livemint, Mumbai
UPDATED ON SEP 18, 2021 12:47 AM IST
This trend has resulted in a significant shift in the debt market.
Poonawalla said India is nearing a level where there is sufficient stocks to sustain the ongoing nationwide vaccination drive is available.(Reuters File)
Poonawalla said India is nearing a level where there is sufficient stocks to sustain the ongoing nationwide vaccination drive is available.(Reuters File)

‘Vaccine exports may resume by year end’: Poonawalla

By Divya Rajagopal, Livemint, Mumbai
PUBLISHED ON SEP 18, 2021 12:36 AM IST
  • The government banned Covid vaccine exports in April amid the country’s devastating second wave. Covishield is a version of the Covid vaccine co-developed by Oxford University and AstraZeneca Plc.
The telecom operator has to repay <span class='webrupee'>₹</span>9,000 crore worth of loans to banks before the end of this fiscal, including <span class='webrupee'>₹</span>5,000 crore of non-convertible debentures.(HT File)
The telecom operator has to repay 9,000 crore worth of loans to banks before the end of this fiscal, including 5,000 crore of non-convertible debentures.(HT File)

After govt relief, Vodafone set to focus on repayments, funds

By Gopika Gopakumar, Livemint, Mumbai
PUBLISHED ON SEP 18, 2021 12:27 AM IST
  • The annual debt repayment of Vi is likely to be around 6,000 crore over the next two years
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