India’s expanding retail landscape is changing fast, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores and ordering online. Data from Forrester Research shows India’s retail market was worth an estimated $883 billion last year, of which grocery retail … Read more
What Happened: U.S. President Joe Biden is pushing to add more than 500,000 charging stations over the next four years. Many investors believe this will favor traditional automakers, but Loup says that’s not necessarily the case. “We see it as a positive for both, given EV adoption is still nascent at about 2% of new vehicle sales … Read more
The COVID-19 pandemic has made many people re-assess their work. It may seem daunting to give up, lose or pivot from a full-time job as lockdowns wreak havoc with businesses. But Insider spoke to three women – one who lost a job, one who quit, and another who pivoted away from her existing business – … Read more
Public sector lender Punjab National Bank on Wednesday said it has incorporated a wholly-owned subsidiary, PNB Cards & Services Limited, which will deal with the banks’ non-financial support services related to its credit card business. “The exchange is hereby informed that a wholly-owned subsidiary of the bank namely PNB Cards & Services Limited has been … Read more
India needs to review the overall taxation of premium luxury vehicles, which is slowing the growth of such vehicles in the country, said Martin Schwenk, MD & CEO, Mercedes-Benz India. “Duties, schemes, taxation is a massive burden… that is slowing the growth. So, we will have growth, but will not have exponential growth,” Mr. Schwenk … Read more
Amid record-high fuel prices, finance minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST). When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five … Read more
India will require e-commerce firms to treat sellers equally on their platforms and ensure transparency, according to a draft policy seen by Reuters on Saturday that follows criticism against business practices of big online companies. India has been deliberating a new e-commerce policy for months amid complaints from brick-and-mortar retailers who allege online giants like … Read more
The wealth of Mark Zuckerberg, Elon Musk, and others rose beyond $360 billion during the pandemic. Oracle and Dell’s leaders are among the other tech billionaires to have profited last year. Their wealth has attracted scrutiny amid systemic inequality in the US. The pandemic has been a crisis for many, but not for America’s wealthiest … Read more
I rarely do bottom picking. After a long time, I am getting enticed to do so. Checkout, if it makes sense…