India business news

Concern about inequality underlies recent social unrest in almost every continent, although it may be sparked by different tipping points such as corruption, constitutional breaches, or the rise in prices for basic goods and services, as per the WEF report. Although global inequality has declined over the past three decades, domestic income inequality has risen in many countries, particularly in advanced economies and reached historic highs in some, the Global Risks Report flagged last week. The Oxfam report further said "sexist" economies are fuelling the inequality crisis by enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly poor women and girls. Regarding India, Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 which was at Rs 24,42,200 crore. "Our broken economies are lining the pockets of billionaires and big business at the expense of … [Read more...] about Wealth of India’s richest 1% more than 4 times of total for 70% poorest: Oxfam

This suspension set-up improves the handling abilities of the i10, inspiring the driver to drive quickly around a corner. The electric power steering is highly responsive and the feedback is also good enough. It weighs up well as the speeds go up and doesn't feel dead or artificial at anytime. … [Read more...] about Hyundai i10 Sportz 1.2: Astonishingly good

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it has decided to suspend production at its Gurugram and Manesar plants in Haryana for two days.  … [Read more...] about Maruti to suspend production in Haryana plants for 2 days

"Banks focus primarily on lending to salaried employees from the top 6,000 to 8,000 companies. Unless you work for a highly-rated employer, have an income above Rs 6 lakh per annum, and a good credit score, you won't get a personal loan from a bank. You stand a better chance with a fintech lender," says Aditya Kumar, founder & CEO, Qbera.com. … [Read more...] about Low-cost ways to get out of credit card debt trap

We found that large e-commerce companies are not necessarily within the ambit of Indian law in totality. While they have found some loophole to demonstrate that they fit into the parameters set by various government circulars, the spirit of the law has not been recognised by these companies. India has thousands of foreign companies working in the country and all of them have a very pleasant experience working in the country. We also have a very pleasant experience since they work within the ambit of the law. E-commerce companies should also work within the ambit of the law. When Competition Commission of India (CCI) is already looking into the issue, was there a need for the government to comment, especially when we are seeking investment, both domestic and foreign? We are seeking investment into sectors, which are permitted. CCI has its mandate to look at fair business practices. When they ordered an investigation, they said they could clearly see that there was a flouting of equal … [Read more...] about 1 million new jobs should not be at the cost of several million jobs: Piyush Goyal