india

Gems, jewellery exports decline by about 5 pc in Apr-Jul

Gems, jewellery exports contract by about 5% The country’s gems and jewellery exports contracted by about 5% to $10.64 billion in April-July this fiscal, mainly on account of demand slowdown in major developed markets. According to the Gems and Jewellery Export Promotion Council data, exports stood at $11.2 billion in April-July 2017-18. The sector contributes […]

india

‘Walmart must pay tax by Sept. 7’

The Income Tax Department will wait till September 7 for settlement of withholding tax by Walmart on payments made to about 44 shareholders exiting e-commerce firm Flipkart, before it proceeds in the case, an official said. As per the law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with […]

india

The inside story

Sherlock Holmes may have been relegated to the confines of story books but his avtars keep surfacing from time to time. Among them is big-built Shantonu Sen, ex-Jt Director of CBI, a product of St Xavier’s, Jaipur and Maharaja College, who still has not lost the keenness of a sleuth. A scion of the famous […]

india

Paytm Money unveils app

It will provide information to investors Paytm Money Limited, a wholly-owned subsidiary of One97 Communications Limited, introduced a dedicated app on Google’s Android platform and Apple’s mobile operating system iOS with the aim of doubling the mutual fund investor base in India to 50 million in the next next five years. The Bengaluru-based firm Paytm Money would focus on building investments and wealth management products […]

india

Fake news: Why Google, Facebook are living in fear

While companies claim to have taken steps including adding additional manpower, using artificial intelligence and machine learning, to counter spread of fake news, the government has found these measures unsatisfactory. Illustration: Dominic Xavier/Rediff.com The blow-hot-blow-cold relationship between the government and social media and technology-backed firms seems to have taken a turn for the worse. Some […]

india

Army chief Rawat unhappy with personnel moving SC

Over 700 Army personnel had recently moved the court seeking protection in counter-insurgency areas under the AFSPA and its non-dilution The Chief of the Army Staff, General Bipin Rawat, has disapproved of the manner in which several hundred Army personnel approached the Supreme Court for protection against prosecution in counter-insurgency areas. “He does not approve […]