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Covid-19: Second Wave Impacted Indian Business by 58%

Ut World June 23, 2021 0

The Covid-19 second wave and resultant lockdowns in the majority of the states have significantly impacted about 58% of Indian companies but India Inc remains optimistic about a strong recovery in the coming months. The Federation of Indian Chambers of Commerce and Industry (FICCI) stated that Continue Reading

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Sterlite Copper CEO Pankaj Kumar Quits

Ut World June 9, 2021 0

CEO of Sterlite Copper, Pankaj Kumar has quit the organization citing personal reasons. “He took charge at the business when the factory (in Tuticorin) was shut and is leaving just months before the final verdict that is due from the Supreme Court. Last month, he started the oxygen plant for hospital supplies in a very […]Continue Reading

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Reliance Industries Chief Mukesh Ambani Draws Nil Salary

Ut World June 4, 2021 0

Mukesh Ambani, Reliance Industries Chairman, drew no salary from his flagship firm RIL in the fiscal year ended March 31. It is stated that, in the light of the Covid-19 pandemic hitting harder the business and the economy, he had voluntarily given up remuneration. He has not got a salary hike for the last 12 […]Continue Reading

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Maggi Crisis: Nestle’s Unhealthy Food Controversy

Ut World June 3, 2021 0

The Maggi noodles crisis in 2015 emerged to be one of the biggest pubic relation hurdles for Nestle India, which came under fire after laboratories tested and found out that the two-minute instant noodles were unsafe and hazardous for human consumptions. The world’s largest consumer food and beverages company Nestle is yet again facing the […]Continue Reading

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ToneTag Partnered with Amazon: Deploying Voice-Payment Tech

Ut World May 28, 2021 0

The fintech that specializes in the use of sound to carry payment credentials, ToneTag, has partnered with Amazon deploying a technology that completes transactions by talking to television or orally placing an order in-store. ToneTag co-founder Kumar Abhishek stated, “Voice assistants like Alexa convert sound into instructions, but they cannot carry data. By adding our Continue Reading

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Why do people take gold loans?

Ut World May 26, 2021 0

Shri V.P. Nandakumar MD & CEO of Manappuram Finance Ltd  Manappuram Finance Ltd. first entered the gold loans market in the latter half of the nineties, it also became the first NBFC in India to get into gold loans. Till then, this business was the preserve of the unorganised sector, the pawnbrokers and moneylenders who […]Continue Reading

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Covid-19 Pandemic: Maruti Suzuki’s Production Falls by 7 Percent in April

Ut World May 6, 2021 0

India’s largest carmaker Maruti Suzuki said its total production in April 2021 stood at 1,59,955 units, which has come down to 7 percent from March this year. Its Chairman R.C Bhargav stated it was difficult to provide a sales outlook due to the uncertainties related to Covid-19 as well as production constraints. He also stated […]Continue Reading

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Osaka Connect Dot Com Pvt Ltd: Osaka Groups opens their new venture at Bengaluru

Ut World April 30, 2021 0

One of the leading travel and tour management company of India Osaka Group from Kerala opened their new branch at Bengaluru, Osaka Connect Dot Com Pvt Ltd. Due to the current Covid 19 pandemic situation the inauguration was conducted virtually by Shri J Alexander IAS, Former Tourism Minister and Former Chief Secretary of Karnataka. Smt.Bissy […]Continue Reading

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Fluctuating gold prices and risk management in gold loans

Ut World April 29, 2021 0

Article by V.P. Nandakumar  MD & CEO of Manappuram Finance Ltd. In recent months, gold prices have fallen significantly from the highs recorded last year following the widespread economic disruption after Covid-19. The international price of the metal had crossed US$ 2,000 per troy ounce in August 2020 but has now declined to about US$ […]Continue Reading

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Instagram Reels to Start Showing Ads in India Soon

Ut World April 24, 2021 0

The Facebook-owned Instagram has started testing advertisements on its 30-second long video format Reels in selected few countries, including India. Though ads could be seen in almost all other features of Instagram, the TikTok-like feature of the app had been bereft of advertisements. The upcoming ads on the Reels would look much like the ones […]Continue Reading