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ArticleBusinessFinance

(Content is more about the Dettol as a brand, hardly talks abou RECKNIT BENCKISER’s sales hit records: post covid Learn Its Business Model

Pooja YadavJanuary 17, 20220

Every Indian household has heard of the brand 'Dettol' and many of us have some mischievous childhood memories associated with this antiseptic brand. This brand has created its reach across different houses and indeed through its vision, the brand name and fame this brand has created is praiseworthy. Let us try to understand the brand's strategies and learn how Dettol has successfully abled to understand the basic middle-class psychology of consumers. In a successful journey of any company, even an individual strategy is something that provides the required pace or flow to the process of excellence. Dettol’s Strategies Favouring The Company Dettol is the product of Reckitt Benckiser India Ltd. Known for being the world no.1 company in households, it holds its...

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FinanceIndiaPolitics

India-China Bilateral Trade Relation Reaches New High Despite Lengthy Border Tension

Snehashish RoyJanuary 17, 20220

Despite plummeting geopolitical relations due to extensive military standoff between Indian and Chinese forces in eastern Ladakh, the two countries showed signs of reaching new highs in bilateral trade. According to the data released by China's General Administration of Customs (GAC), which was later quoted by the country's tabloid Global Times, bilateral trade between the countries reached a record high at $125.66 billion in 2021. It records an increase of up to 43.3% from last year's $87.6 billion, surpassing the $100 billion yearly mark. The report said China's exports to India last year were valued at $97.52 billion, whereas, India's exports to China were worth $28.14 billion. However, the trade deficit remained at $69 billion, favouring China. Factors For Increase In Bilate...

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FinanceInternationalTRENDING

Brazil’s Just Energy Transition Law: A Global Threat To The Climate.

Sonia SolankiJanuary 15, 20220

Brazil Just Energy Transition Law has been released recently. This law will allow Brazil to use and subsidize coal as an energy source until 2040. Experts claim that this is against the climate and consumers as it's moving away from promoting climate-friendly fuel usage. This law will benefit the coal producers in Southern Santa Catarina state. Under previous policies, Brazilian subsidies for thermal coal-powered plants are available till 2027. Whereas the three large plants in Santa Catarina are expected to end by 2025. Richard Baitelo, project coordinator at the Institute Of Energy and Environment says "this is bad news for consumers and the environment". Coal produces about 3% of all power in Brazil. Whereas almost 50% of electricity comes from renewable sources like wind and hydro en...

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ArticleElectionsFinance

After Elections, These States To Focus On Repayment Of Loans, Know What RBI Report Says

Aditi priya singhJanuary 14, 20220

After the assembly elections in February-March, 2022, whichever party's government is formed in Uttar Pradesh, Punjab, Uttarakhand, and Goa, it is certain that these governments will have to make a lot of effort to bring the economy of their state back on track. During the last four-five years, studies and indicators related to the budget documents of these states show that along with stopping the increasing debt liabilities, the coming governments will have to increase the revenue sources and bring about a huge improvement in the quality of investment. Attention will be given to education and health. Not only this, special attention will have to be paid to the expenditure in the areas of social development like education and health in the total expenditure, only then the social...

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ArticleBusinessFinanceIndiaLatest News

Amazon-Future Coupons Deal: NCLAT Issues Notice To Future group, CCI; Demands Response In 10 Days

Gunjan ChaudharyJanuary 13, 20220

An important hearing took place on Thursday in the Amazon-Future case. The National Company Law Appellate Tribunal (NCLAT) issued notices to the Competition Commission of India (CCI) and Future Coupons Private Limited (FCPL) to file their reply within 10 days. The notice was issued in light of a hearing a plea filed by e-commerce giant Amazon, challenging the recent order of CCI that suspended its deal with FCPL. The fair trade regulator suspended the approval given to the more than two year old deal with Future Group's company FCPL. The bench comprising Justices V P Singh and M Venugopal asked CCI and FCPL to respond within the next ten days and asked Amazon to file a rejoinder over it. The bench will now hear the matter on February 2. The decision to put a stay on Rs 20...

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ArticleFinanceIndiaNews

Tamil Nadu To Achieve $1 Trillion Economy By 2030, Check Out How!

Monomita NagJanuary 13, 20220

Tamil Nadu is on its way to touching the target of becoming a $1 trillion economy by 2030, the finance minister of the state, Palanivel Thiagarajan, said on January 13. He also said the state will also log in $100 billion exports by the same year. “Not only can we achieve the $1 trillion target very reasonably, we also have unlimited potential if we get some basic things right. We require nominal growth of 13 per cent for the next ten years to achieve this. If you take out the inflation of 5-6 per cent, 7-8 per cent real growth is easily achievable,” Thiagarajan said during a summit. The state has announced two policies -- Tamil Nadu Export Promotion Strategy and Tamil Nadu Fin-Tech Policy. It is being hoped that these new-fangled policies would play a vital role in achieving the vi...

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BusinessFinance

Has Future Groups And Amazon’s Fight Revolutionized The Retail Sector Market?

Pooja YadavJanuary 10, 20220

Recently, when SC upheld the enforcement orders of by Singapore international arbitration center. On Amazon’s appeal over plenty of Future Groups and Reliance Groups in the retail sector, the Court of Singapore upheld the deal further. And now the Supreme Court of India has made it very clear in the verdict that the deal is justified and valid under the laws and jurisdiction of Indian laws. Future Group and Reliance dealIn August 2021, Reliance acquired the Future Group in the retail sector for around Rs. 24713 crores. This was of course was of the major deals in the retail sector thereby establishing Reliance on companies' presences eve in the retail sector also. The major effect would have been on Amazon and there would have been major completion and a tough competitive environment f...

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BusinessFinanceIndia

FCRA Renewal: 5968 NGOs Including Jamia, IMA, IIT-Delhi License Expires; No Relief For MoC Too

Sonia SolankiJanuary 3, 20220

FCRA [Foreign Contribution Regulation Act] Renewal is making headlines across the nation. As the renewal process includes the names that has set a benchmark in our society like IIT-Delhi, Indian Medical Association and OxFam to name a few. As per sources these institutions have failed to submit for the renewal of their FCRA license. Ministry of Home Affairs have rejected license of 179 NGOs or associations including MoC [Missionaries of Charity]. That means that these 6000 NGO will not receive any foreign donations from 1st Jan 2022. FCRA Renewal Details: All NGOs have to apply for the renewal of their FCRA registration before the expiry of five year validity. The renewal executes in accordance under the Rule 12 of the Foreign Contribution Regulation Rules 2011. For the renewal al...

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BusinessFinanceIndia

India Becomes A Global Leader In Call Center Industry!

Monomita NagJanuary 3, 20220

Call centres in India have established itself as a new and one of  the fastest growing industries providing employments to a vast number of English speaking and technically sound college graduates. This occupation has helped them achieve their financial independence much earlier. What has helped these centers to mushroom is that these students are prepared to accept the time schedule being offered by the English Speaking Countries, working whole night and resting in the day. WHY IS INDIA CHOSEN AS A HOTSPOT? Basically two chief factors spurred Fortune 500 companies to out source their call centers process overseas. First- to reduce cost of operation and second- to enhance the efficiency of business. Beginning in 1990, India has emerged a call center Hot Spot. Companie...

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BusinessFinanceLatest News

Xiaomi And Oppo May Face A Fine Of 1000 Crores, Alleging Violation of Law: Income Tax Department

Aditi priya singhDecember 31, 20210

The Income Tax Department has said that mobile companies Xiaomi and Oppo have violated tax laws and they can be fined Rs 1000 crore. It is worth noting that on December 21, Delhi and 11 states-Karnataka, Tamil Nadu, Assam, West Bengal Raids were conducted at the locations of these companies in Andhra Pradesh, Madhya Pradesh, Gujarat, Maharashtra, Bihar and Rajasthan. A statement issued today by the Income Tax Department said, "In the raids, it has been revealed that both the major companies have sent an amount in the form of royalty quoting themselves and group companies located abroad, which is more than 5500 crores. . The statement said, 'These companies did not comply with the disclosure of transactions under the Income Tax Act 1961. Such a mistake makes them liable for penal action...

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BusinessCOVID-19FinanceIndiaPolitics

Check Out The India’s GDP Forecast For The Year 2022!

Sayani ChakrabortyDecember 31, 20210

The International Monetary Fund (IMF) estimates that India's GDP will rise by 9.5 percent in 2021 and 8.5 percent in 2022, making it the world's fastest-growing economy in both years. Deepak Parekh, the chairman and CEO of HDFC, believes he is in a more optimistic frame of mind than in the previous 50 years. According to the International Monetary Fund, Covid's impact on growth in 2021 will not be a one-time occurrence but rather a continuing trend (IMF). On the other hand, the International Monetary Fund anticipates that India's economic expansion will continue at a rapid pace in the foreseeable future. As former Chief Economic Advisor, Shankar Acharya has earned a reputation for being one of the country's most doomsday economic forecasters. He mentioned that even though he is confide...

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ArticleFinanceIndiaPolitics

Politics Over Capitals In Andhra Pradesh, Deets Inside

Monomita NagDecember 27, 20210

People of Andhra Pradesh are divided over the location of state's capital conundrum. Confrontation between RIF (Royalaseema Intellectual Forum)  and APS-JAC (Amravati Parirakshana Samithi - Joint Action Committee) is brewing over the demand for setting up three capitals as planned by the Chief Minister Jagan Mohan Reddy against the demand for a sole capital at - Amravati, a brain child of Chandrababu Naidu an arch rival of the present CM. WHY ARE PEOPLE DIVIDED RIF members backed by YSRC govt are supporting the govt move of setting up three capital opposed to a single capital at Amravati. They justify govt's Initiative for  decentralised development. They argue that in case of three capitals  three different regions of the state can be developed instead of only one. As the RIF suppo...

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