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Business

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Business

Indian Railways revises contract circumstances: Introduces localisation, price variation clauses; compliance with GST norms in focus

Indian Railways has revised its normal circumstances of contract for tenders, introducing localisation and price variation clauses whereas emphasizing upkeep throughout contract execution, officers mentioned. The adjustments purpose to make procurement extra versatile and cut back litigation.“Contractors can replace faulty or rejected goods within 60 days of being informed of defects. They had just 21 […]

Business

Amazon to pay $2.5 billion to settle Prime deception allegations

Shares of Amazon had been almost unchanged after the information. Amazon didn’t instantly reply to a request for remark [File] | Photo Credit: REUTERS Amazon.com will pay $2.5 billion in fines and funds to Prime subscribers to settle a U.S. Federal Trade Commission case alleging the retail juggernaut signed customers up for the subscription with

Business

‘Logistics cost at 8% of GDP, more burden on small cos’

NEW DELHI: A brand new research has estimated India’s logistics cost at 8% of GDP, with smaller corporations having the next burden.In 2023-24, for entities with turnover of as much as Rs 5 crore, the cost added as much as 16% of their output whereas it was pegged at 7.6% within the case of firms

Business

Late Cyrus Mistry son Firoz joins Afcons Board

Firoz Cyrus Mistry. | Photo Credit: Special association Afcons Infrastructure Ltd of the Shapoorji Pallonji (SP) Group stated it has inducted Firoz Cyrus Mistry, the son of former Tata Group chairman late Cyrus Misty as non-executive director and banker Santosh Balachandran Nayar as unbiased director into its board.  Krishnamurthy Subramanian, government chairman, Afcons stated, “Their

Business

RBI mandates tougher authentication process for digital transactions 

The newest RBI instructions are relevant to Payment System Providers, Payment System Participants (banks and non-banks) and all home digital fee transactions. | Photo Credit: Getty Images/iStockphoto The Reserve Bank of India (RBI), to additional safe digital funds transactions, has mandated introduction of extra risk-based checks past the minimal two-factor authentication by leveraging upon technological developments.

Business

Trump’s H-1B visa fee hike affect: Germany, UK, Canada roll out red carpet for India’s tech expertise; pitch ‘predictable’ rules

The elevated charges for new H-1B visas within the United States are exhibiting penalties, main organisations to discover different visa classes. (AI picture) US President Donald Trump’s steep H-1B visa fee hike to $100,000 has left Indian techies shocked, however international locations like Germany, UK and Canada are capitalizing on the chance to pitch their

Business

Sudhanshu Vats named as new chairman of ASCI

Sudhanshu Vats, Managing Director of Pidilite Industries Limited. File | Photo: X/@Sudhanshu_Vats Sudhanshu Vats, Managing Director, Pidilite Industries Limited, has been named the new chairman of the Advertising Standards Council of India (ASCI) at its thirty ninth annual basic assembly (AGM). With ASCI, India’s self-regulatory physique for promoting, finishing 40 years in October, the appointment

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