Ease of Doing Business for MSMEs: Big e-commerce companies having deep pockets are leaving no stone unturned in monopolizing the e-commerce business and retail trade of India with their malpractices and violating FDI policy, traders’ body Confederation of All India Traders (CAIT) said in a letter to Prime Minister Narendra Modi on Sunday. CAIT, which has been campaigning against Amazon and Flipkart for years now alleging unethical business practices by them, said that the absence of concrete action against e-commerce companies
Listed companies in India have managed to generate bumper profits despite the lockdown to arrest the spread of the coronavirus pandemic. Nearly four thousand listed companies reported combined profits of Rs 1.5 lakh crore in the fiscal’s second quarter July-September, which is the highest profit made by all listed companies in any quarter, the Centre for Monitoring Indian Economy (CMIE) said. It is 30.9 per cent higher than the previous best record of Rs 1.18 lakh crore
Nasscom: Over 50% tech startups see revenue reaching pre-Covid level in 6 months, cash in hand improves
India’s technology startups’ outlook towards post-pandemic recovery has improved in the past four-five months. More than 53 per cent of technology startups in India are now expecting their revenue to reach the pre-Covid level in less than six months, according to the second Startup Pulse Survey by Nasscom released on Wednesday. The trade body for the technology industry – Nasscom had released the first Startup Pulse survey back in May, to gauge the impact of Covid on technology
Online platform to sell second-hand cars CARS24 has raised a $200 million Series E funding round led by DST Global with participation from existing investors including Exor Seeds, Moore Strategic Ventures, and Unbound. The company is the latest addition to the growing list of unicorns in India with its valuation crossing the hallowed $1-billion mark in the current round. The investment will be deployed towards technology and product innovation apart from scaling new business verticals, the company said on Monday. It claimed
By Raghunath S and Sriram Rajan
To ensure data is secure, any organization needs the right combination of skill variety and flawless execution. And Artificial Intelligence (AI) helps make this possible. AI is a game-changer in warding off cyber-threats and shielding critical data, and hence it can be pivotal in keeping cyber-criminals at bay.
Though IT systems typically use a number of automatic processes, they mostly operate sans any real awareness of the IT