Month: June 2021

Weak demand is the biggest challenge for India Inc: Survey

Weak demand is the biggest challenge for India Inc followed by managing cost and tight financial liquidity, 212 companies said in an industry survey conducted during the first eight days of current month. While 58% companies have reported weak demand as their biggest challenge, managing costs has been the next big issue for 56% of …

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Bitcoin falls to 2-week low as Crypto faces China’s backlash

Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China. The largest virtual currency fell 11% to $31,886 as of 7:26 a.m. in New York. Ether declined 15% to $1,910. China has ordered payment platform Alipay and domestic banks to not provide services linked to trading of virtual currencies. The institutions were …

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Airtel, Tata Group partner for ‘Made in India’ 5G network solutions

Bharti Airtel and Tata Group on Monday announced a strategic partnership for implementing 5G network solutions for India. The announcement underscores a push for indigenous 5G solutions in India, as the world’s second-largest telecom market gears up for fifth-generation mobile networks that would enable connecting virtually everything together including machines, objects, and devices at ultra-high speeds. …

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In proposed reforms to e-commerce rules, government bans ‘flash sales’

The government on Monday proposed several reforms to the e-commerce rules to curb what it calls “unfair trade practices” by the companies. Under the proposed regulations, the government banned “flash sales” on any e-commerce platform. “The clause essentially applies to “flash sales”, which may be organised using fraudulent means by manipulating software to enable advantage …

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