The Company is launching it’s 1st store in South Extension Market, Delhi. It has taken 17,000 sq ft space on rent Customers will only be by invite Minimum ticket size is speculated to be Rs 10 lakh Intention is to open similar stores across the country Titan/ Tanishq enjoys huge brand loyalty and the above … Read more
National Financial Reporting Authority (NFRA) has directed Mahindra Holidays to “thoroughly and proactively” review its accounting policies and practices in respect of segment reporting. What’s the background and what exactly is this all about? NFRA order is passed in the wake of Delhi High Court’s order of January 18, 2023 following a writ filed by … Read more
Zomato Gold is a periodic subscription based membership, whereby the subscribing customers get significant discounts and free deliveries from the member restaurants. Initially, it was mainly available on offline eating. However, later Zomato extended it to deliveries and that’s when member restaurants put up a significant protest because of which the scheme was altogether stopped … Read more
Released by the US Trade Representative (USTR) on January 31, 2023, the 2022 Notorious Markets List identifies 39 online and 33 physical markets globally that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. In India, IndiaMart is the only ‘online’ marketplace named in the list. Rest 4 are all offline … Read more
Since May of this year (i.e, in just 2 months), Spicejet has reported 9 mid air snags. This is uncommon in Indian skies and deserved a closer look by the regulator – The Directorate General of Civil Aviation (DGCA). DGCA has now acted and ordered Spicejet to operate only 50% of it’s flights that have … Read more
Brokerage businesses handle significant client money and hence are supposed to be managed with extreme discipline. Regulations are well laid out in that regard. However, time and again we come across cases that raise doubt on this underlying presumption. Today, SEBI passed an adjudication order against IIFL Securities Limited (IIFL) for some serious violations – … Read more
Paytm Payments Bank (PPB) is a joint venture between Paytm founder Vijay Shekhar Sharma and the listed holding company One97 Communications, the parent of Paytm. Sharma owns 51% in the bank in his personal capacity. It had started operations in 2017 and claims to have 60 million bank accounts with 4 lakh users added every … Read more
Indigo has mandated NAVBLUE (an airbus company) to upgrade some of its latest A320 aircraft to the most advanced navigation technology, RNP AR (Required Navigation Performance with Authorization Required). Key points to note – Indigo is already a customer of NAVBLU since 2006. With RNP AR Upgrade, pilots will be able to navigate mountainous areas … Read more
In case a customer chooses to return the truck, the ex-showroom price of the truck will be refunded after all the requirements are fulfilled as per the terms and conditions. Key points to note – Mileage guarantee is being offered on the entire BS6 truck range from 3.5 tonne till 55 tonne, including Blazo X … Read more