Business

29 Sep

Google Demands 30% Cut From App Developers in Its Play Store.

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Alphabet Inc's Google on Monday sought to rebut criticism that it selectively enforces its 30% mobile app store tax, demanding that the over 3% apps selling digital items without complying follow the rules within a year. The change follows lawsuits by "Fortnite" video game maker Epic Games last month accusing Google and Apple Inc of anticompetitive conduct. Apps sold on the tech leaders' stores are required to use their payment systems so they can collect a portion of sales, which developers describe as a tax. The companies are defending the allegations. App stores are a fast-growing business as sales of…

28 Sep

Ducati Multistrada V4 To Get 1,158 cc V4 Engine

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Latest documents filed with the US National Highway Traffic Safety Administration reveal that the upcoming new model in the Ducati Multistrada, the Multistrada V4, will be powered by a 1,158 cc version of the Ducati Stradale V4 engine. Vehicle Identification Number (VIN) documents filed with the US NHTSA reveals how VIN codes for Ducati bikes reveal the engine displacement. The latest engine code used in the documents is "V' which represents the 1,158 cc, liquid-cooled, four-cylinder engine with four valves per cylinder. The "A" is for the Scrambler Sixty's 399 cc, air-cooled v-twin, while the "N" code is apparently for…

28 Sep

Kia Motors’ first-ever SUV – Kia Sonet

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Kia Motors India launched the all-new Kia Sonet in India. It is Kia’s first-ever compact SUV. Kia Sonet is being offered with the widest variety in its category in terms of powertrains and trims. In total, the Sonet is being offered across 17 variants, including two petrol engines, two diesel engines (WGT & VGT configurations), five transmissions and two trim levels – Tech Line and GT-Line. The price range of its variants is between Rs 6,71,000 and Rs 11,99,000. The Sonet is loaded with a comprehensive list of features as standard as well as offered with the latest in in-car…

28 Sep

Study finds almonds may help improve heart health

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Mental stress is among the psychosocial factors thought to contribute to cardiovascular disease (CVD) risk. As part of a recent clinical trial, researchers at King’s College London measured Heart rate variability (HRV) in participants undergoing a mental stress challenge and saw improved measures of HRV in participants who had been replacing typical snacks with almonds over a six-week period. The study was funded by the Almond Board of California. “We found that the stress-induced reduction in heart rate variability was lessened in the almond group compared to control group following the dietary intervention, which indicates a cardiovascular health benefit.” said…

28 Sep

Invesco Mutual Fund launches new scheme

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Invesco Mutual Fund announces the launch of its new fund Invesco India Focused 20 Equity Fund. It is an open-ended equity scheme investing in maximum 20 stocks across market capitalization i.e. Multicap. Invesco India Focused 20 Equity Fund seeks to generate capital appreciation by investing in upto 20 stocks with a flexibility to move across the market capitalization range. Currently, a large portion of the portfolio will be invested in large-cap stocks (approx. between 50% - 70%). Exposure to midcap stocks will be in the range of 30% to 50%, while exposure to small-cap stocks will be in the range…

27 Sep

Proud Moment, Says Serum Institute CEO Adar Poonawalla on PM’s Vaccine Assurance to the World.

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A day after asking if the government will have ₹80,000 crore available to buy and distribute the vaccine, Adar Poonawalla, the CEO of the Serum Institute of India, took to Twitter today to praise Prime Minister Narendra Modi's speech at the United Nations General Assembly on Covid-19 vaccines. 'We share and applaud your vision narendramodi ji, on providing vaccines to the global community. It is a proud moment for India, thank you for your leadership and support. It is clear that all your arrangements for India will take care of all needs for the Indian people," Adar Poonawalla tweeted. Taking…

26 Sep

Handwash includes in BoroPlus Hygiene Range

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The trusted antiseptic brand from the house of Emami Limited, BoroPlus takes on board Bollywood actress Juhi Chawla for its newly launched Hygiene Range. Ms. Priti A. Sureka, Director, Emami Limited said, “A successful actor, a mother and a business woman, Juhi Chawla resonates with the brand persona of BoroPlus which is multifaceted and speaks of trust, purity, responsibility and authenticity.” Juhi Chawla, the brand ambassador of BoroPlus Hygiene Range said, “I feel very happy and responsible to be associated with the hygiene range of BoroPlus – a brand that I trust.” After its entry into the hygiene space with…

26 Sep

Wooden Street in Kolkata

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With USD 1 Million in investments, custom furniture startup Wooden Street is expanding into the markets of West Bengal by opening two new Experience Stores in Kolkata – beginning with the launch of the first-ever store in the residential area of Salt Lake. This will later be followed by another store in the next 6 months. This newly-launched store is a one-stop-shop for furniture, furnishings and décor accessories. Furthermore, the company plans to take its expansion further within East and South-East India. These experience stores will serve as a touch-and-feel point for consumers to experience the quality and services that…

25 Sep

Vodafone wins decade long Rs 20,000 crore retro tax battle in international arbitration.

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Telecom giant Vodafone on Friday won a significant ruling against the Indian government in an international court over Rs 20,000 crore in dues which it had described as unfair.The international arbitration tribunal in The Hague ruled that the Indian government's imposition of a tax liability on Vodafone is in breach of the investment treaty agreement between India and the Netherlands, sources told news agency Reuters. The tribunal, in its ruling, said the government must cease seeking the dues from Vodafone and should also pay over Rs 40 crore to the company as partial compensation for its legal costs, the source…

25 Sep

Yes Bank Founder : ED Attaches London Flat Worth Rs 127 Crore of Jailed Rana Kapoor.

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The Enforcement Directorate (ED) has attached a Rs 127-crore flat of Yes Bank co-promoter Rana Kapoor in London in connection with a money laundering investigation against him and others, the central agency said on Friday. The agency issued a provisional order for attaching the property — Apartment1, 77 South Audley Street, London — under the Prevention of Money Laundering Act (PMLA). "The market value of the flat is 13.5 million pound (about Rs 127 crore). The property was purchased by Rana Kapoor in 2017 for 9.9 million pound (Rs 93 crore) in the name of DOIT Creations Jersey Limited and…