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Business / The Times of India

HUL's Fair & Lovely skin care brand to be known as Glow & Lovely

Fast-moving consumer goods (FMCG) major Hindustan Unilever Ltd's (HUL's) flagship skin care brand for women Fair & Lovely will now be known as Glow & Lovely. Over the next few months, Glow & Lovely will be on the shelves and future innovations will deliver on this new proposition, the company said on Thursday.

2 Jul 2020 6:52 pm
India needs Rs 50-60 lakh crore foreign investments to bolster coronavirus-hit economy: Gadkari

India needs foreign direct investments (FDI) worth Rs 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as MSME sector to accelerate the wheels of coronavirus-hit economy, according to Union minister Nitin Gadkari.

2 Jul 2020 5:50 pm
Sensex jumps 429 points to finish at 35,844; Nifty ends above 10,550

Equity indices finished higher for second straight day on Thursday with the benchmark BSE sensex rising over 400 points, led by gains in auto and IT stocks. The 30-share BSE sensex surged 429 points or 1.21 per cent to close at 35,844. While, the broader NSE Nifty finished 122 points or 1.17 per cent higher at 10,552.

2 Jul 2020 3:50 pm
Increased eco activity will lead to better tax mop-up

Increased economic activity is expected to result in improved tax mop-up in the coming quarters, finance secretary Ajay Bhushan Pandey said on Wednesday as GST collections from the sale of goods in the domestic market almost reached last years level in June.

2 Jul 2020 2:50 pm
HDFC Bank to offer instant contactless, instant auto loans in 1,000 cities

HDFC Bank has launched pre-approved instant auto loans to its customers across 1,000 cities. HDFC Banks online auto loan offering. ZipDrive, is a technology-enabled loan product where credit assessment is done by banking software rather than employees and loan released in seconds.

2 Jul 2020 2:50 pm
Tesla becomes most valuable automaker as shares rally

Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker's market capitalisation overtook that of former front runner Toyota Motors Corp. Tesla shares hit a record of $1,133, boosting the company's market cap to $209.47 billion - roughly $6 billion more than Toyota is currently valued by investors.

2 Jul 2020 11:50 am
If elected, will revoke H-1B visa suspension: Joe Biden

Democratic presidential candidate and former US vice president Joe Biden has said that he will lift the temporary suspension on H-1B visas, the most sought-after by Indian IT professionals, if he wins the November presidential elections. On June 23, in a huge blow to Indian IT professionals eyeing the US job market, the Trump administration suspended the H-1B visas.

2 Jul 2020 11:50 am
Novartis pays $729 million to settle US kickback charges

Novartis AG agreed to pay more than $729 million to settle U.S. government charges it paid illegal kickbacks to doctors and patients to boost drug sales, the US Department of Justice said on Wednesday.

2 Jul 2020 9:50 am
GST kitty improves, June mfg contraction slows

The gross GST revenue collected in June totalled Rs 90,917 crore, and augurs well for collections in the months ahead as economic activity gathers pace.

2 Jul 2020 9:50 am
Retail gold prices go past Rs 50k/10gm mark

A strong global demand for gold, along with a depreciating rupee, helped the yellow metal to breach the Rs 50,000-per-10gm mark in Mumbais retail market on Wednesday. This is the first time the price of the precious metal, with which Indians associate sentimentally, crossed the psychologically important level.

2 Jul 2020 7:30 am
GST collection in June at Rs 90,917 crore, Q1 mop up dips 59% due to Covid-19 lockdown

GST revenue collection in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April.The goods and services tax (GST) mop up was 9 per cent lower on a year-on-year basis in June, while it was 62 per cent down in May and fell 28 per cent in April.

1 Jul 2020 7:50 pm
Factory activity contracts for 3rd month in June

India's manufacturing activity contracted for a third straight month in June, albeit at a much shallower pace, as demand and output continued to suffer from three months of lockdowns to quell the spread of the coronavirus, a private survey showed.

1 Jul 2020 6:54 pm
Sitharaman asks GST officers to proactively address issues faced by businesses in tax compliance

Finance minister Nirmala Sitharaman on Wednesday asked GST officers to foresee the issues faced by domestic businesses and address them proactively so that they can compete on a global scale and build a self-reliant India.

1 Jul 2020 6:50 pm
Will help creators in India till interim ban: TikTok CEO

TikTok CEO Kevin Mayer on Wednesday said that the company is working with various stakeholders to address the concerns raised by the Indian government, and remain committed to support the welfare of TikTok creator community till the interim ban order is in effect.

1 Jul 2020 3:50 pm
Maruti reports 54% dip in June sales at 57,428 units

The country's largest carmaker Maruti Suzuki India on Wednesday reported a 54 per cent decline in total sales at 57,428 units in June. The company had sold 1,24,708 units in June last year, Maruti Suzuki India (MSI) said in a statement.

1 Jul 2020 12:51 pm
ATF price hiked by 7.5%; petrol, diesel rates unchanged for 2nd straight day

Jet fuel or ATF price on Wednesday was hiked by 7.5 per cent, the third increase in a month, while petrol and diesel rates were unchanged for the second day in a row.

1 Jul 2020 9:50 am
App ban wont impact your Chinese phones, for now

Your Chinese smartphones from companies such as Xiaomi, Oppo, Vivo and RealMe will continue to work and not be immediately affected by the govt action against 59 Chinese apps but it may create some fear among buyers who have traditionally opted for these smartphones as they are affordable. With uncertainty around Chinese companies, buyers may opt for safer bets.

1 Jul 2020 8:50 am
Desi clones rush to fill space vacated by TikTok

The race to replace Chinas TikTok, and grab its users and creators, is heating up. A new set of Indian startups in the social and short-video sharing space like Chingari, Roposo, Public and Mitron has emerged in the list of top 20 downloaded apps on Googles Play Store in the last few days. Bengaluru-based Chingari has seen one million new users in the last 24 hours.

1 Jul 2020 7:30 am
HUL in talks to shift supply from China

Hindustan Unilever (HUL) has initiated discussions on possible alternatives to raw materials that the company imports from China. This was stated by HUL CMD Sanjiv Mehta in response to shareholders queries at the companys 87th annual general meeting that was held virtually on Tuesday.

1 Jul 2020 7:30 am
Eight core industries' output contracts 23.4% in May

The output of eight core infrastructure industries shrank by 23.4 per cent in May due to the coronavirus-induced lockdown, according to the official data. The eight core sectors had expanded by 3.8 per cent in May 2019, the data released by the commerce and industry ministry on Tuesday showed.

30 Jun 2020 6:50 pm
80 cr people to get free foodgrains for 5 more months

Prime Minister Narendra Modi on Tuesday announced extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a free ration scheme, for 80 crore people across the country till end of November. Under the scheme, 5 kgs of wheat or rice and 1 kg of pulses per month will be given free of cost to the poor.

30 Jun 2020 5:50 pm
China says concerned about India banning apps

China said on Tuesday it was concerned about India's decision to ban Chinese mobile apps such as Bytedance's TikTok and Tencent's WeChat and was making checks to verify the situation.

30 Jun 2020 3:51 pm
Curbs on Chinese imports to hit mfg ops: Auto cos

After telecom, the auto industry has raised a red flag over sudden restrictions on imports from China and subjecting parts and consignments to rigorous checks at ports, saying this would disrupt manufacturing in the sector at a time when it is struggling with the corona-induced slowdown.

30 Jun 2020 1:51 pm
Trump visa freeze endangers Indian tech industrys talent model

Indian and US technology companies are urging the Trump administration to reconsider an executive order freezing access to many work visas, warning the move would undermine a business model used to supply high-skill talent to clients from Wall Street to Silicon Valley.

30 Jun 2020 1:51 pm
This desi app got more than 1m downloads

Indias fastest-growing Lifestyle community-commerce platform Trell has witnessed a huge upsurge in the app downloads with more than one million downloads so far, just after the decision made by India to promote Atmanirbhar Bharat. Known as video Pinterest for Bharat, Trell, is available in eight languages with over 60% of its users hailing from tier-2 and tier-3 cities.

30 Jun 2020 12:50 pm
RIL nears deal to acquire retail biz of Future Group

Reliance Industries (RIL) has moved close to clinching a deal to buy the retail businesses of Kishore Biyanis Future Group. The move will further cement RILs position as the top brick-and-mortar player across categories like groceries, fashion and general merchandise, said two people briefed on the matter.

30 Jun 2020 9:50 am
TikTok removed from Apple, Google stores

Social media app TikTok has been removed from the app stores in a bid to curb downloads after the government ordered to block as many as 59 apps owned or backed by the Chinese. A search for the app done on Tuesday morning showed no results on both Apple Store and Google Play Store. Govt on Monday blocked as many as 59 apps, including popular ones such as TikTok, UC Browser.

30 Jun 2020 9:50 am