Category: Business
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Waiving off coal Tax- good or disastrous?
Narendra Modi and his government have put forward a proposal to cancel the usual tax on coal of Rs.400 per tonne. They have come up with this idea to improve the financial situation of the utilities and power companies so they can afford to buy equipment that reduces pollution. However, this move can completely backfire. […]
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Cheaper iPhones?!
Apple Inc is a well known tech company that wants to sell better in the world’s second largest smartphone market- India. To do this, they will be assembling the iPhone parts in a Foxconn factory in India. This helps them avoid high taxes on import of fully assembled phones and allows them to open their […]
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Economy Slowdown
India’s economic output (amount of goods or products produced in a certain period of time, in this case for money) has gone down to its lowest in six years. This signifies an all time economic slowdown. (See articles- Economy:Is it Sinking? For more…) Severe inflation has forced the RBI to cut interest rates even lower, […]
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Car Manufacturers take Production holidays
Hyundai is one of India’s largest carmakers. They recently had two new launches( Venue and grand i10 Nios) and received an impressive response. Despite this they declared “production holidays” at their plants in Chennai. Production holidays mean that a company, factory or a plant has shut down or has stopped producing goods temporarily. Hyundai India […]
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Diamonds Anyone?
Reliance Industries is set to bring the famous luxury jeweller Tiffany & Co to India. Tiffany is popular for its diamond engagement rings and robin’s egg blue boxes. They will be opening a line of stores in India starting with Delhi and Mumbai in the second half of 2019 and 2020. This tie-up comes at […]
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Electric Tuk-Tuks?
Uber and Sun Mobility have formed a partnership to offer electric autorickshaws in India. That’s right, our favorite rickshaws will now be run on cleaner energy, and be available to book on Uber. Rejoice Indians, no more rejection by rickshaw drivers! Sun Mobility is a Bengaluru based automobile group that has offered charged swappable batteries […]
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Netflix Reduces Prices in India
Netflix, an American video streaming service now aims to expand even more in India. Across the globe, the company has around 150 million subscribers. It is targeting to add 7 million new subscribers by September and is reducing prices in India as a part of that strategy. India is one of the fastest growing markets […]
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Byju’s – The Unicorn App
Qatar Investment Authority has raised 150 million dollars for Byju’s, a learning app for kids. It has been valued at more than 5.5 billion dollars, with Owl Ventures also raising additional money. Byju’s is planning to use this money to expand worldwide. Byju’s is one of India’s sixteen unicorn companies (see article: Unicorns are Real? […]
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USA-India Trade Tensions
At the G20 summit in Osaka, a meeting happened between India’s Prime Minister Narendra Modi and US President Donald Trump. The intention of this meeting was to smooth out trade tensions going on between the two countries. On 16th June, India imposed taxes on US goods entering India(tarrifs). To this President Trump responded with a […]
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Google In Hot Water?
India is investigating Google in an antitrust case. Google has supposedly been forcing phone companies to pre-install their apps on the devices. They have also misused their dominant position and made it more difficult for manufacturers to opt for different Android systems. India has termed it unfair, supposedly violating the competition law. By making it […]
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