Businesses

E-tailers begin work to list ‘country of origin’ labels on products

NEW DELHI: E-commerce companies in India like Amazon.com’s local unit and Walmart’s Flipkart have begun to update their back-end systems to allow sellers to identify the country of origin on all new product listings on their platforms, two sources aware of the matter said on Wednesday. The trade ministry’s department for promotion of industry and […]

Businesses

SBI Yes Bank News: SBI to invest Rs 1,760 crore in Yes Bank | India Business News

(Representative image) BENGALURU: State Bank of India (SBI), country’s largest lender’s executive committee has approved a further investment of upto Rs 1,760 crore in public offering of Yes Bank, according to a regulatory filing. In March this year, SBI board had approved an investment of Rs 7,250 crore into the troubled lender Yes Bank. Earlier […]

Businesses

Capital Infusion: Government approves Rs 12,450 crore capital infusion in 3 state-run general insurers | India Business News

NEW DELHI: The Union Cabinet on Wednesday approved capital infusion of Rs 12,450 crore in three state-owned general insurance companies to strengthen their capital base and make them more stable. The National Insurance Company, Oriental Insurance Company and United Insurance Company will get the additional capital, information and broadcasting minister Prakash Javadekar told reporters after […]

Businesses

Instagram Reels in India: Instagram brings short-video format Reels to India | India Business News

(File photo) NEW DELHI: Instagram on Wednesday said it will start testing a new format ‘Reels‘ in India that will allow users to create and share short videos. This move by the Facebook-owned company comes within weeks of the Indian government banning 59 mobile apps with Chinese links, including the popular short video platform TikTok […]