Govt eases listing norms for cos having over Rs 1L cr m-cap
Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment in rules, a move that will be beneficial for the government during the proposed initial public offer of LIC.
Centre proposes ban on mis-selling, fraudulent flash sales on e-commerce platforms
The govt on Monday proposed a series of amendments in Consumer Protection (E-Commerce) Rules, 2020, including a ban on mis-selling and fraudulent flash sales on e-commerce platforms. All measures have been taken after the Centre received several representations from aggrieved consumers, traders and associations complaining against widespread cheating in the e-commerce ecosystem.
UP Police asks Twitter India MD to appear in person
The Ghaziabad Police on Monday directed managing director of Twitter India, Manish Maheshwari, to appear in person on June 24 at the Loni Border Police Station, in connection with the probe into the circulation of a viral video clip of an assault of an elderly man on the social media platform.
Flipkart tells court it offers lower fee if sellers cut prices
Walmart's Flipkart sees nothing wrong in offering to cut charges for sellers on its platform if they lower product prices, its lawyer told a court on Monday, drawing protest from a retailer group challenging the practice. Flipkart and Amazon are in a court battle against the Competition Commission of India's (CCI) bid to restart an investigation into their business practices.
How patent waiver can boost vaccine production
The havoc wreaked by the second Covid wave in India and the possibility of new mutant variants impacting the world at large in subsequent waves has spurred up the debate on how countries can ensure affordable and equitable access to key drugs and vaccines.
Indications of revival in economic activity as states get into unlock mode: Survey
With states easing lockdown curbs due to declining number of Covid-19 cases, there are immediate indications of improvement in economic activity as companies are hopeful of better performance in the next 6 to 12 months, according to a survey.
Torstar's new owners are selling off parts of the company — for more than they paid for the whole thing
News/Business: The new owners of the Toronto Star have already more than recouped their investment in the newspaper chain, after the initial public offering of a digital publishing subsidiary values the company at almost $400 million.