Amazon is hiring for a new publisher-focused advertising team called “PubTech.” It is building a tech platform that could compete with Google, Magnite, and Pubmatic. The tech will help publishers sell ads on Amazon, according to job postings. Amazon is staffing up to build new ad products for publishers. The retail giant has 11 job … Read more
Monetary policy — and interest rates — are near-synonymous. But going by the central bank’s surprise choice of price-taming instrument Thursday, they need not be so in the next few quarters. Whenever monetary authorities wanted to influence price levels for goods and services, they resorted to the popular tool — interest rates that make money … Read more
The Delhi high court has issued SpiceJet a notice directing it to submit its accounts statement and asset-liability affidavit within a week. The court has also summoned the airline’s chairman and managing director Ajay Singh, to appear in person on 24 August for the hearing. The court’s action comes on a plea filed by Kalanithi … Read more
The Union cabinet on Wednesday cleared legislative changes needed to implement the GST Council’s decision to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos and horse races, three people familiar with the development said. The cabinet clearance to the bill enables the … Read more
With an aim to deepen bilateral trade and economic ties, India and Vietnam on Tuesday convened the 5th meeting of the India-Vietnam Joint Trade Sub-Commission (JTSC) , the ministry of commerce & industry said. This meeting was held after a gap of more than four years on account of the covid-19 pandemic and other factors. … Read more
“Barbie” the movie is on track to top $1 billion in box-office sales. The “Barbie effect” is also boosting Mattel’s direct-to-consumer sales of dolls, per Shopify. Shoppers are “voting with their wallets” for their favorite brands, even as they cut spending elsewhere, one exec said. The “Barbie effect” is in full swing. Two weeks after … Read more
Mark Cuban got candid about how he spends his fortune with podcast host Bobbi Althoff on Thursday. The billionaire says he still prefers to do his own chores and drive himself places. Unlike fellow elites, Cuban doesn’t own a luxury yacht, but he still makes pricey purchases. Billionaire businessman Mark Cuban doesn’t want to let … Read more
On Thursday, the Indian government issued a notice imposing immediate restrictions on the import of laptops, tablets, and personal computers. “Their import would be allowed against a valid licence for restricted imports,” said the notice issued by the Ministry of Commerce and Industry, Department of Commerce, Government of India. As per the notice issued by … Read more
India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues from domestic transactions and services imports grew 15% in July, which … Read more