Tag Archives: Firms

Branded used car firms lobbying for lower GST rate

Used cars attract GST rate of 28% or 43% on gross margin depending on the fuel type and engine size, as is the case with new cars. Photo: Ramesh Pathania/Mint Mumbai:┬áBig Boy Toyz, a Gurugram-based firm that specializes in selling used super luxury cars such as Lamborghinis, Ferraris and Bentleys, has put its expansion on hold because of a goods ... Read More »

Chinese Firms Dominate Indian Smartphone Market in Q4 2016: IDC

Smartphone shipment in the country remained almost flat at 25.8 million units in the October-December 2016 quarter compared to the year-ago period, impacted by demonetisation and seasonal slowdown after festive sales, research firm IDC said. Compared to the July-September 2016 period, shipment in the said quarter declined sharply by 20.3 percent. “In CY Q42016, smartphone shipments clocked 25.8 million units, ... Read More »

Demonetisation To Impact Small Firms, Rural Demand: Tata Steel

  New Delhi: The government’s move to demonetise currency will impact the secondary steel sector as most of the business conducted by these mini mills and rolling factories is cash-based, which in turn would help the large producers, Tata Steel said. Counted among the top 10 steel makers globally, the Mumbai-based firm said that demonetising will also temporarily impact steel ... Read More »

New Spyware Detected Targeting Firms in Russia, China: Symantec

A previously unknown group called “Strider” has been conducting cyber-espionage attacks against selected targets in Russia, China, Sweden, and Belgium, US-based computer security firm Symantec said on Monday. The group, which has been active since at least October 2011 and could have links to a national intelligence agency, has been using an advanced piece of hidden malware identified by Symantec ... Read More »

HDFC Bank, 7 Other Firms Add Rs 57,965 Crore To Market Value

New Delhi: Combined market valuation of eight of the top ten most valued Indian companies surged by Rs 57,965.56 crore during the week ended July 15, amid a positive broader market trend. Barring Infosys and Sun Pharma, the rest of eight companies saw a jump in their market capitalisation (M-Cap) for the week. The M-Cap of HDFC Bank, which was ... Read More »

Xiaomi Founder Explains Why the Firm’s Smartphones Aren’t Water-Resistant

Xiaomi is one of the producers that hasn’t released a 7729ed14a4cbb62c88851c47b865930b telephone but, and Founder Lei Jun has discovered the reasons for no longer launching one. Jun says that any damage to the handset will deteriorate water resistance and with time it won’t be capable of withstand water. similarly, Jun delivered that making a 7729ed14a4cbb62c88851c47b865930b device will make the device ... Read More »

BlackBerry CEO Says Tech firms need to observe Lawful access Requests

Tech corporations should follow lawful requests to get entry to covered records, BlackBerry leader executive John Chen stated on Monday, in thinly veiled grievance of rival Apple Inc for its recent standoff with the FBI. Chen made the comment in a blog posting after reviews with the aid of Vice and Motherboard closing week that threw a spotlight on a ... Read More »

Uber May Deliver Latest Blow to European Parcel Firms

Europe’s postal companies, already under pressure from Amazon, could soon face a challenge from Uber, which is moving into deliveries, and other start-ups. UberRUSH run by Uber but connecting you to a courier rather than a taxi and new entrants like PiggyBaggy and Nimber, could dent the market share of operators such as Royal Mail, Deutsche Post and PostNL, equity ... Read More »

Uber May Deliver Latest Blow to European Parcel Firms

Europe’s postal companies, already under pressure from Amazon, could soon face a challenge from Uber, which is moving into deliveries, and other start-ups. UberRUSH run by Uber but connecting you to a courier rather than a taxi and new entrants like PiggyBaggy and Nimber, could dent the market share of operators such as Royal Mail, Deutsche Post and PostNL, equity ... Read More »